GE Revives Indian Wind Energy Business After Government Improves Subsidies General Electric Co., the biggest maker of power-generation equipment, is reviving its Indian wind-turbine business after a four-year absence because the government has improved incentives.
Sensex Index Rises Most in Two Weeks on Tata Consultancy Sales Optimism India’s benchmark stock index rose the most in two weeks, led by software exporters, after Tata Consultancy Services Ltd. forecast sales would jump this year.
Merrill Said to Hire AIG's Saurabh Sonthalia to Run India Capital Markets Bank of America Merrill Lynch hired Saurabh Sonthalia to head its capital markets business in India, two people familiar with the matter said.
Cairn Seeks Two Offshore Rigs for Oil, Gas Exploration in India, Sri Lanka Cairn Energy Plc, the U.K.-listed explorer focused on India, wants to hire two offshore drilling rigs as it seeks new oil and gas deposits in South Asia.
Ten-Year Government Bonds Drop After Finance Ministry Unveils Auction Plan India’s 10-year bonds fell for a third day after the government announced its debt sale plan for the second half of the fiscal year ending March.
Rupee Declines Amid Speculation of Dollar Demand for End-of-Month Payments India’s rupee dropped the most in two weeks on speculation importers stepped up their purchases of foreign currency to meet month-end payments.
Lupin Advances After Purchasing U.S. Rights for Oscient's Cholesterol Drug Lupin Ltd., an Indian generic drugmaker, rose in Mumbai trading after it bought the U.S. rights for the cholesterol-lowering drug Antara from Oscient Pharmaceuticals Corp.
White Sugar Rises to Highest Since at Least 1989 on Outlook for Supplies White sugar rose to the highest since at least 1989 in London on speculation production from Brazil and India, the world’s largest growers, won’t eliminate a global supply deficit.
India's Iron Ore Prices Increase on Higher China Demand Ahead of Holidays India’s export price for iron ore rose as much as 16 percent in the past week as customers in China replenished inventories ahead of National Day holidays, said an official of the Indian mineral industry association.
FDIC Says Banks Must Prepay Fees Through 2012 to Boost Depleted Reserves The Federal Deposit Insurance Corp., seeking to replenish deposit reserves as banks fail at the fastest pace in 17 years, today voted unanimously to have lenders prepay fees through 2012, raising about $45 billion.
Home Prices in 20 U.S. Cities Climb the Most in Four Years as Slump Abates Home values in 20 U.S. metropolitan areas climbed in July by the most in almost four years, a sign the housing slump that led to the worst recession in seven decades is abating.
JPMorgan's Bill Winters to Leave Firm; Jes Staley Will Run Investment Bank JPMorgan Chase & Co. shook up the leadership of its investment bank, surprising analysts by announcing the immediate departure of co-chief executive officer William “Bill” Winters and naming asset-management chief Jes Staley to run the business.
U.S. Stocks Fluctuate as Housing Data Offset Drop in Consumer Confidence U.S. stocks fluctuated after an unexpected slump in consumer confidence offset a smaller-than- forecast drop in home prices. Treasuries declined, while oil retreated as the dollar strengthened.
Pimco's Gross Says He's Purchasing Treasuries to Protect Against Deflation Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., said he’s been buying longer maturity Treasuries in recent weeks as protection against deflation.
Walgreen Profit Tops Analysts' Estimates as Drug Sales Jump; Shares Climb Walgreen Co., the second-largest U.S. drugstore chain, reported fourth-quarter profit that topped analysts’ estimates after boosting prescription-drug sales. The shares jumped 6.8 percent in early trading.
London Stock Exchange Hires Morgan Stanley, Barclays Capital as M&A Banks London Stock Exchange Group Plc, Europe’s oldest independent bourse, hired Morgan Stanley and Barclays Capital to replace Bank of America-Merrill Lynch as its adviser on mergers and acquisitions, four months after Xavier Rolet took over as chief executive officer.
source: Bloomberg
