Reliance Industries to Give Shareholders One Free Share for Each One Held Reliance Industries Ltd., India’s most valuable company, will give shareholders one free share for each held for the first time in 12 years.
Stocks in India Slump to Two-Week Low as Software Exporters Drop on Rupee India’s benchmark stock index fell to its lowest level in two weeks. Tata Consultancy Services Ltd. led software exporters lower as the dollar weakened.
Purchase Indian Rupee Against Dollar on Inflation Risk, Goldman Sachs Says Goldman Sachs Group Inc. recommended buying the Indian rupee against the dollar as the central bank allows a stronger currency to help temper inflation.
Record Gold Prices May `Ruin' Festival-Season Demand, Rajesh Exports Says Record gold prices will “ruin” festive-season demand in India, the world’s biggest consumer, the nation’s largest jewelry producer and exporter said.
Essar Bids $128 Million for Australia's Rocklands, Trumping Jindal Steel Essar Group, the Indian company that runs telecom, energy, steel and real-estate businesses, offered A$144 million ($128 million) for Australian coal explorer Rocklands Richfield Ltd., outbidding Jindal Steel & Power Ltd.
Reliance Industries, Partner May Earn $10.6 Billion From Indian Gas Field Reliance Industries Ltd., India’s most valuable company, and its partner may earn $10.63 billion in sales from the nation’s largest natural gas field, according to an advertisement by the Directorate General of Hydrocarbons.
Renault Denies Report It Asked Mahindra to Sell Stake in Indian Venture Renault SA denied a media report that said the French company had asked its Indian partner Mahindra & Mahindra Ltd. to sell its stake in a venture to Bajaj Auto Ltd.
Ambani's Reliance Life Seeks Government Approval for an Initial Share Sale Reliance Life Insurance, a unit of billionaire Anil Ambani’s Reliance Capital Ltd., plans to sell as much as 20 percent of its equity if it gets approval from the Indian government for an initial public offering.
Ex-Och-Ziff, Ivory Senior Asia Managers Start Market Neutral Hedge Fund Raaj Shah, an ex-partner of Och-Ziff Capital Management Group LLC, co-founded a hedge fund last month trading under-researched and mispriced Asian securities affected by events such as mergers, tax changes and forced selling.
Emerging-Market Stocks Climb to 13-Month High, Gold Paces Commodity Rally Emerging-market stocks rose to a 13- month high and currencies of commodity producers strengthened as the global economic recovery prompted investors to seek higher- yielding assets. Gold climbed to a record and oil rallied.
Gold Buyers Can't Believe Wall Street Inflation Outlook at $1,045 an Ounce Gold’s rally to a record shows commodity investors remain concerned that the U.S. economic recovery will spur inflation even as Wall Street forecasts and government bonds suggest stable prices.
Britain Risked `Bank Runs, Riots' as RBS, HBOS Neared Collapse Last Year A year ago today, Royal Bank of Scotland Group Plc and HBOS Plc were close to collapse, causing a chain reaction that could have ended with riots in U.K. cities, security analysts and economists said.
Mortgage Applications in U.S. Increase 16% to the Highest Level Since May Mortgage applications in the U.S. rose last week to the highest level since May as near record- low borrowing costs boosted refinancing and sent purchases to a 10-month high.
Julius Baer Agrees to Buy ING's Swiss Private Bank Unit for $506 Million Julius Baer Group Ltd., the 120-year- old Swiss private bank, agreed to buy ING Groep NV’s Geneva- based wealth management business for 520 million Swiss francs ($506 million) in cash.
Santander's Brazilian Unit Seeks $8 Billion in Record IPO to Fund Growth Banco Santander SA’s Brazilian unit is raising about 14.1 billion reais ($8 billion) in an initial public offering, a record in the country, to fund expansion as growth accelerates in Latin America’s largest economy.
source: Bloomberg
