Reliance Is `Positive' on India Stock Market Even as Gains Slow, Kela Says Madhusudan Kela said Reliance Capital Asset Management Ltd., India’s largest money manager, remains “very positive” on the nation’s stock market over three years while predicting that gains will slow over the next six months.
Reliance Communications Unit Said to Revive $1 Billion Share Sale Proposal Billionaire Anil Ambani’s Reliance Infratel Ltd. may revive a plan to raise as much as $1 billion selling shares for the first time in India, three people with direct knowledge of the transaction said.
Rupee Reverses Day's Loss as Exporters Buy Currency on Drop to 7-Week Low India’s rupee rose for the first time this week on speculation exporters took advantage of its slide to a seven-week low to repatriate overseas earnings.
Arcelor's Former Board Member Malay Mukherjee Is Said to Join Essar Steel Malay Mukherjee, a former board member of ArcelorMittal, will join Essar Steel Ltd. as head of the Indian company’s local operations, two people familiar with the appointment said.
Rubber Drops as Sell-Off in Equities Raises Demand Concern for Commodity Rubber dropped by as much as 3.8 percent as a sell-off in global equities raised concern that the economic recovery may falter, curbing demand for the material.
India Says Studies Show Per-Capita Emissions to Stay Below World Average India’s per-capita emissions will stay below the global average, according to studies, placing the South Asian nation in a stronger position at the Copenhagen climate change talks in December, the government said.
Steel Authority of India Raises Prices of Flat Products Used to Make Cars Steel Authority of India Ltd., the nation’s biggest state-run producer, increased prices of so- called flat products used to make cars and appliances on increased demand.
IL&FS of India Offers to Buy Maytas Infra's Shares at 112.8 Rupees Apiece Infrastructure Leasing & Financial Services Ltd. offered to buy Maytas Infra Ltd.’s shares at 112.8 rupees apiece.
BP Makes `Giant' Oil Discovery Almost Seven Miles Beneath Gulf of Mexico BP Plc, Europe’s second-largest oil company, reported a “giant” discovery at the Tiber Prospect in the Gulf of Mexico that may contain more than 3 billion barrels, after drilling the world’s deepest exploration well.
Credit Suisse Investment Banking Head Calello Treated for `Sudden' Illness Credit Suisse Group AG said Paul Calello, chief executive officer of the company’s investment bank, is being treated for a “sudden and unexpected” illness.
Treasuries Rise as U.S. Stocks Fluctuate After Jobs, Factory Orders Data Treasuries gained, with the 10-year note yield touching its lowest level in more than seven weeks, as U.S. stocks swung between gains and losses and factory orders rose in July less than economists estimated.
Rothschild Said to Start Investment Fund as Chairman's Son Alexandre Joins Rothschild, the largest family-owned bank, plans to raise a 500 million-euro ($711 million) investment fund as chairman David de Rothschild’s son joins the firm, two people familiar with the plan said.
Fed Was Lax in Supervision of Banks Before Financial Crisis, Kaufman Says The Federal Reserve has been lax in its role as a bank regulator, economist Henry Kaufman, president of Henry Kaufman & Co. in New York, said today in an interview on Bloomberg Radio and Bloomberg Television.
Wegelin, Oldest Swiss Bank, Tells Customers to Sell U.S. Assets or Leave Wegelin & Co., Switzerland’s oldest bank, is telling wealthy clients to sell their U.S. assets, or switch banks, because of concerns new rules will saddle investors with tax obligations in the world’s biggest economy.
source: Bloomberg
