Benchmark Sensex Stock Index Rises For Sixth Day; Wipro Shares Lead Gains India’s benchmark stock index rose for the sixth day, led by Wipro Ltd. after a report suggesting a rebound in the information technology industry.
Satyam Computer Trial to Be Fast-Tracked to Bypass India's Legal Delays Satyam Computer Services Ltd. founder B. Ramalinga Raju, accused of India’s biggest corporate fraud, will be tried in a one-time court within a year to circumvent a legal system with a backlog of 30.8 million cases.
India's Factory Production Rises for Seventh Month on Government Spending India’s industrial production increased for a seventh straight month as higher government spending and lower borrowing costs stoked demand for cars, motorbikes and other consumer goods.
Billionaire Adi Godrej's Property Company May Sell Shares in Three Months Godrej Properties Ltd., controlled by Indian billionaire Adi Godrej, plans an initial share sale in the next three months to fund low-cost housing projects.
Jet Airways Advances in Mumbai After Report Pilots' Strike May End Today Jet Airways (India) Ltd., the nation’s biggest carrier by market value, rose the most in more than a week in Mumbai after the Business Standard reported an ongoing dispute with pilots may end today.
Rupee Set for Best Weekly Gain Since July on Stock Rally, Global Outlook India’s rupee headed for the best weekly gain since July as a rally in regional stock markets and accelerating factory output in China buoyed the outlook for a global economic recovery.
Glenmark Said to Raise 4.13 Billion Rupees in Share Sale to Big Investors Glenmark Pharmaceuticals Ltd. raised 4.13 billion rupees ($85 million) from a share sale to institutional investors, two people familiar with the development said.
Mack Steps Down as Morgan Stanley Chief After Seeking to Curb Risk Taking John Mack, who struggled to return Morgan Stanley to profitability after surviving the worst financial crisis since the Great Depression, will turn over his chief executive officer title to Co-President James Gorman.
China's Recovery Strengthens as Production, Lending, Retail Sales Increase China’s industrial production rose more than forecast in August, lending unexpectedly climbed and retail sales advanced, indicating growth in the world’s third- biggest economy is likely to accelerate.
Asian, European Stocks Climb as China's Economy Improves; Dollar Declines The MSCI World stock index rose for a seventh day, the longest streak since July, as China’s strengthening economy buoyed shares in Asia and Europe. The dollar fell as investors sought higher-yielding currencies.
Gorman Ascent Shows `Massive Cultural Shift' at Survivor Morgan Stanley Ten years ago, James Gorman was new to Wall Street. Soon he’ll run one of the few survivors.
Economic Growth in U.S. Forecast to Slow After End of `Cash for Clunkers' The U.S. economy will pull out of the recession at a faster pace than previously forecast, before slowing as the end of the government’s auto-rebate program weighs on consumer spending, a survey of economists showed.
Corporate Bond Sales in Europe Advance to Most Since June as Yields Shrink Company bond sales surged in Europe as borrowers from Enel SpA to carmakers Fiat SpA and Bayerische Motoren Werke AG took advantage of the lowest yield premiums in 12 months.
Vedanta's Sterlite Raises Asarco Bid to $2.57 Billion, Trumps Grupo Mexico Sterlite Industries (India) Ltd., locked in a bidding war for more than a year with Grupo Mexico SAB for bankrupt Asarco LLC, topped its rival’s offer for the U.S. copper miner by almost 3 percent.
source: Bloomberg
