Congress Party Election Architect Reddy Killed in Indian Helicopter Crash Y.S. Rajasekhara Reddy, chief minister of India’s Andhra Pradesh state and an architect of the ruling Congress Party’s May election victory, was confirmed killed in a helicopter crash.
Sensitive Index Declines; Reliance Industries and Larsen & Toubro Retreat India’s benchmark stock index fell for the fourth day, led by Larsen & Toubro Ltd., after Credit Suisse Group AG said the markets may fall by January amid concern inflation will accelerate.
India Prices Fall Least in 12 Weeks, Drop Less Than Economists' Prediction India’s wholesale prices fell the least in 12 weeks, suggesting that inflation may soon return to Asia’s third-largest economy.
India Cabinet to Decide on Telenor's $765 Million Stake in Unitech's Unit India’s cabinet will rule on Telenor ASA’s plan to spend 37.4 billion rupees ($765 million) to boost its stake Unitech Wireless Pvt. by 25 percent, the South Asian government said in a statement.
India's Sensex May Fall to 13,000 on Inflation Concern, Credit Suisse Says India’s benchmark Bombay Stock Exchange Sensitive Index may fall to 13,000 by January amid concern that inflation will accelerate, according to Credit Suisse Group AG.
Parsvnath to Sell $100 Million of Shares, Stake in Project to Reduce Debt Parsvnath Developers Ltd. plans to sell as much as $100 million of shares and a stake in an Indian real estate project as it seeks to trim its debt to a third by March, Chairman Pradeep Jain said in an interview.
Oil, Sugar Choice Bets as Threadneedle Aims for $1 Billion Commodity Fund Threadneedle Asset Management Ltd. is seeking to increase its commodity fund to as much as $1 billion in the next two years as the global economic recovery drives a rally in oil, sugar and metals.
Seven-Year Bonds Slide on Speculation Investors Selling Before Debt Sales India’s seven-year bonds declined, pushing yields toward a nine-month high, on speculation some investors will sell to purchase debt at an auction tomorrow.
Coal India Has `a Lot of Money' for Australian Acquisitions, Chairman Says Indian coal officials in Australia this week to assess potential acquisition targets will meet Energy Minister Martin Ferguson tomorrow as demand for the fuel outstrips supply in the second-fastest growing major economy.
India Forms Panel on Fuel Pricing, Compensation for State-Owned Refiners India has formed a panel to advise the government on pricing fuels and ways to compensate state-run refiners including Indian Oil Corp., the nation’s biggest, for selling products below market levels.
Dollar Trades Near 2009 Low Versus Franc Before U.S. Jobs Data; Yen Falls The dollar traded near its lowest level this year against the Swiss franc before a U.S. report tomorrow that may show unemployment rose in August, backing the case for the Federal Reserve to keep borrowing costs low.
Service Industries in U.S. Contract at a Slower Pace as Recession Recedes U.S. service industries shrank at a slower pace in August, adding to evidence the economy is starting to pull out of the worst recession since the Great Depression.
Stocks in U.S. Gain, Led by Financials, Consumer Shares; JPMorgan Advances U.S. stocks climbed as gains in banks and consumer shares helped the market overcome an early slump.
More Americans Than Anticipated File Jobless Claims as Companies Cut Costs More Americans than anticipated filed jobless-benefit claims last week, indicating companies remain focused on cutting expenses as the economy emerges from its worst recession since the 1930s.
Moody's, S&P Lose Bid to Oust Investor Ratings Suit on Free-Speech Grounds A U.S. judge refused to dismiss a lawsuit against Moody’s Investors Service Inc. and Standard & Poor’s, rejecting arguments that investors can’t sue over deceptive ratings of private-placement notes because those opinions are protected by free-speech rights.
National Express Receives $1.25 Billion Takeover Offer From CVC, Cosmen National Express Group Plc, the U.K. rail company whose East Coast franchise is being seized by the government, received a 765 million-pound ($1.25 billion) takeover approach from a group led by CVC Capital Partners Ltd.
Sony's Walkman Outsells Apple's IPod for First Time in Four Years in Japan Sony Corp.’s Walkman digital music player outsold Apple Inc.’s iPod in Japan last week for the first time in more than four years, according to electronics research firm BCN Inc.
source: Bloomberg
