Ford to Sell Figo, First Small Car in India, Taking on Suzuki, Tata Motor Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, will sell its first small car in India next year, aiming to lure buyers in a country where hatchbacks account for about three out of every four cars sold.
Bharti-MTN Dual Listing Linked to Currency Convertibility, UTVi Reports India’s 10-year bonds gained after the central bank said it will offer to buy back existing debt at an auction tomorrow.
India's Sensitive Index Posts First Decline in Six Days, Led by Jaiprakash India’s benchmark stock index fell for the first time in six days, led by road builder Jaiprakash Associates Ltd. and wind turbine maker Suzlon Energy Ltd., after they sold shares for a combined $391 million.
Rupee Declines From Six-Week High on Speculation Importers Bought Dollars India’s rupee weakened, snapping a five-day advance, on speculation local importers increased purchases of foreign currency to settle month-end bills.
Nalco Plans to Increase Alumina Sales by 20% in Spot Market as Prices Rise National Aluminium Co., India’s second-biggest producer, plans to increase sales of alumina in the immediate delivery market by 20 percent next year as prices strengthen on Chinese demand.
Capital International Seeks to Increase Indian Consumer-Related Investment Capital International Inc., the U.S. money manager with more than $3 billion in alternative assets, is seeking to increase investments in Indian consumer-related companies after exiting two of its three holdings in the country this year.
Soybean Output May Rise 12% in India as Drought Spares Crop, Trader Says Soybean production in India, Asia’s biggest exporter of soybean meal, may climb 12 percent next year after farmers planted more acres with the oilseed after the main growing areas escaped a drought, a trader said.
ONGC Spending $3.3 Billion to Boost Oil Output From India's Aging Fields Oil & Natural Gas Corp., India’s biggest energy explorer, is spending 160 billion rupees ($3.3 billion) to increase production from its oil fields.
Billionaire Tulsi Tanti, Cipla, Jaiprakash Sell $531 Million of Shares Indian billionaire Tulsi Tanti’s family cut its stake in Suzlon Energy Ltd., while Cipla Ltd. and Jaiprakash Associates Ltd. sold a combined $531 million of stock, taking advantage on the best rally in Indian stocks since 1991.
World Bank Approves India Projects Worth $4.3 Billion to Support Stimulus The World Bank said it approved loans to India totaling $4.3 billion to finance infrastructure projects and to support the government’s economic stimulus.
Bullish Wall Street Estimates Fail to Keep Up With S&P 500 for First Time Strategists at Wall Street’s biggest securities firms can’t keep up with the Standard & Poor’s 500 Index after the steepest surge since the 1930s.
Fed May Signal Economic Recovery Has Begun While Keeping Rate Near Zero Federal Reserve officials may signal that the U.S. economy has started to recover while maintaining their pledge to keep the benchmark interest rate near a record low for an “extended period.”
Stocks in U.S. Retreat as Declining Commodities Overshadow Fed Speculation U.S. stocks fell as declines in commodities tempered speculation the Federal Reserve will signal the economy is strengthening. The dollar rose from a one-year low against the euro, while oil, gold and copper dropped.
Obama Must Win Over Europeans on Bank Pay Limits, Capital Demands at G-20 President Barack Obama will seek to prove his leadership abilities as host of his first world summit by persuading European leaders who want caps on bankers’ bonuses to accept something short of specific limits on what an executive can earn.
Hedge Funds Profiting From Surge in European Stock Sales, SAC's Leach Says Hedge funds that in the past sought to profit from rising and falling equities are profiting from buying into companies that sell shares to cut debt and fund purchases, according to SAC Global Investors LLP’s Rob Leach.
Marriott to Write Down $760 Million in Resort Timeshares as Sales Collapse Marriott International Inc., the largest U.S. hotel chain, plans to take a third-quarter pretax charge of $760 million in its timeshare business as the economic slowdown cuts leisure travel and investing.
Lloyds, Volkswagen Kickstart $3.2 Trillion Asset-Backed Securities Market Lloyds Banking Group Plc, the U.K.’s biggest mortgage lender, and the financial unit of Volkswagen AG may help resuscitate Europe’s 2.2 trillion-euro ($3.2 trillion) asset-backed securities market with the first public sales of the debt in more than a year.
source: Bloomberg
