Billionaire Ross Acquires Stake in Satyam After Losing Bid for its Control Billionaire investor Wilbur Ross has acquired the second-largest stake in Satyam Computer Services Ltd.’s U.S.
Maruti Suzuki, Honda Motor Plan India Expansion as Automobile Sales Rise India’s car sales will accelerate this fiscal year as economic growth helps the country withstand a global slump in automobile demand, an industry group said, spurring Maruti Suzuki India Ltd. to increase investment.
Sensex Index Gains for Seventh Day; Bharti, Telecom Companies Lead Advance India’s stock benchmark rose for the seventh day, led by telecom shares and metals producers after the government said it aims to sell high-speed mobile phone service permits and commodities prices advanced.
Sicom Sells 4.8 Percent Stake in Maytas; Stock Surges by Trading Limit Sicom Ltd., a financier of infrastructure projects sold a 4.8 percent stake in Maytas Infra Ltd. over the past two days, exchange data showed.
Honda Motor to Increase Car Output in Indian Plant by 50% From Next Month Honda Motor Co. will increase car production in India by 50 percent from next month due to growing demand.
Emerging-Market Funds Draw Inflows on Export, Growth Optimism, EPFR Says Emerging-market equity funds received net inflows in the week to Aug. 26, rebounding from the biggest outflows in 2009, on optimism improving economic conditions in France, Germany and the U.S. will bolster exports.
India's Supreme Court to Skip Preliminary Hearings in Ambani Gas Case India’s Supreme Court agreed to skip preliminary hearings in the dispute between the billionaire Ambani brothers over the supply of natural gas and set a date for final arguments in the case.
`Strong' El Nino May Push Sugar Prices 15% Higher, Olam CEO Verghese Says Sugar prices may jump 15 percent from current levels should a “moderate to strong” El Nino hit India, the world’s second-largest producer, said Olam International Ltd. Chief Executive Officer Sunny Verghese.
Intel Raises Sales Forecast in Sign Computer Demand Reviving; Shares Gain Intel Corp., the world’s biggest chipmaker, raised its sales forecast for this quarter, adding to evidence that personal-computer demand is recovering.
Confidence Among U.S. Consumers Is Higher Than Forecast on Recovery Signs Confidence among U.S. consumers was little changed this month as reports indicated industries such as housing and manufacturing are stabilizing and the economy is on a path to recovery.
Consumer Spending in U.S. Climbed in July on `Cash for Clunkers' Program Consumer spending in the U.S. rose in July as households took advantage of the government’s “cash for clunkers” program to buy new cars.
Leverage Rising on Wall Street at Fastest Pace Since Credit Froze in 2007 Banks are increasing lending to buyers of high-yield company loans and mortgage bonds at what may be the fastest pace since the credit-market debacle began in 2007.
European Confidence in Economy Jumps More Than Forecast to 10-Month High European confidence in the economic outlook increased twice as much as economists forecast in August, adding to signs the region is emerging from the deepest recession in more than six decades.
Fed May Not Need to Buy All $1.25 Trillion in Approved MBS, Officials Say The Federal Reserve may not need to buy the full $1.25 trillion in mortgage-backed securities the central bank has authorized by year-end, two regional Fed bank chiefs said.
Toyota Shuts First Plant in 72-Year History as GM California Venture Fails Toyota Motor Corp. will shut an assembly plant for the first time in its 72-year history after the failure of a joint venture with General Motors Corp.
source: Bloomberg
