India's Exports Slide for 10th Month as Global Recession Curtails Demand India’s exports declined for a tenth straight month in July as the global recession eroded demand in the nation’s biggest overseas markets in the U.S. and Europe.
Benchmark Sensex Index Retreats, Erasing Earlier Gains; Mahindra Declines India’s benchmark stock index fell, erasing earlier gains, on speculation investors stepped up sales on concern that economic growth may falter as a weak monsoon curbs farm output.
India to Import 30% of Sugar Demand as Drought in Some Areas Affects Yield India, the world’s biggest sugar consumer, may depend on imports to meet almost a third of its demand next year as a drought in the major growing regions threatens cane yield, the country’s biggest refiner said.
Reliance Communications Pays $1 Billion of Debt Early to Cut Interest Cost Reliance Communications Ltd., India’s second-largest mobile-phone operator, said it paid about 50 billion rupees ($1 billion) of debt ahead schedule to cut interest costs.
India's Economic Growth May Falter This Quarter as Drought Threatens Crops India’s economic rebound, which last quarter lagged behind recoveries in China and Japan, may falter as a drought threatens to curb harvests and rural incomes.
Indian Government Says Reliance KG-D6 Gas Production Contract Must Prevail India’s government said in a court filing its production-sharing contract with Reliance Industries Ltd. must prevail over any private arrangement the company has for the sale of natural gas from the KG-D6 field.
NHPC Gains as India's Biggest Hydroelectric Power Producer Starts Trading NHPC Ltd., the Indian hydroelectric power producer that raised 60.4 billion rupees ($1.2 billion) in an initial offer, gained in its trading debut on expectations investments in generation will spur demand for utility stocks.
Gold May Advance as Weaker Dollar, Higher Oil Bolster Investment Demand Gold, little changed in London, may gain as a weaker dollar and higher oil prices increase demand for the metal as an alternative investment and hedge against rising consumer prices.
TVS Motor Posts First Gain in a Week on `Robust' Growth in Domestic Sales TVS Motor Co., India’s third-largest motorcycle maker, climbed in Mumbai trading after saying monthly sales increased from a year earlier.
Banking Shares Lead Drop in U.S. Stocks on Concern Over Losses; AIG Falls U.S. stocks fell, led by financial shares, as concern banks will report more losses overshadowed manufacturing and pending home sales data that topped estimates. Europe’s Dow Jones Stoxx 600 Index slid 1.8 percent, the most in two weeks, as HSBC Holdings Plc and UBS AG slumped.
Ford's August U.S. Sales Rise 17% on `Clunkers' as Chrysler's Decline 15% Ford Motor Co. said August U.S. sales rose 17 percent and Chrysler Group LLC reported a 15 percent decline as the government’s “cash for clunkers” rebates lured shoppers to showrooms.
EBay Will Sell Skype Stake to Silver Lake-Led Group for About $2 Billion EBay Inc. agreed to sell 65 percent of its Skype Internet-calling unit to an investor group led by Silver Lake for about $2 billion to focus on reviving sales at its main e-commerce site.
Goldman Sachs Wrong in Calling Economic Recovery, Macro Hedge Funds Wager Paul Tudor Jones, the billionaire hedge-fund manager who outperformed peers last year, is wagering that Goldman Sachs Group Inc. and Morgan Stanley got it wrong in declaring the start of an economic recovery.
GM's Possible Retention of Opel Not on Agenda, Germany's Guttenberg Says Economy Minister Karl-Theodor zu Guttenberg said a possible restructuring of Adam Opel GmbH that would let General Motors Co. retain control of the unit hasn’t played any role in Germany’s negotiations with the carmaker.
Nokia Siemens Networks Appoints Suri as Chief, Replacing Beresford-Wylie Nokia Siemens Networks, the world’s second-biggest maker of telecommunications equipment, named Rajeev Suri chief executive officer of the joint venture between Nokia Oyj and Siemens AG.
Florida Pension Lost $250 Million on New York's Stuyvesant Town Apartments Florida’s pension lost $250 million it invested in Stuyvesant Town and Peter Cooper Village, Manhattan’s largest rental-apartment complex, the fund’s trustees were told.
source: Bloomberg
