Billionaire Ambani Brothers Renew Dispute Over Gas as Judge Joins Panel The fight between India’s billionaire
Ambani brothers over natural gas supplies from a field with
$38.3 billion of reserves started anew in the Supreme Court
after a judge joined the panel hearing the lawsuit.
DLF, India's Largest Developer, Sees No Danger of `Bubble' in Home Prices DLF Ltd., India’s biggest developer,
sees no danger of a housing “bubble,” a week after the central
bank increased efforts to curb home prices.
JPMorgan, UBS Say Takeovers May Account for 30% of Indian Fees Next Year JPMorgan Chase & Co. and UBS AG expect
mergers advisory to account for a bigger slice of revenue in
India next year as companies that bolstered their finances
through stock sales in 2009 seek acquisitions.
Government Increases Wheat Purchase Price to Raise Stocks, Protect Farmers India, the world’s second-largest
wheat producer, raised the minimum price at which the government
buys the grain from farmers, aiming to boost output after the
worst monsoon in three decades crimped grain production.
Sensex Index Rises for a Second Day; Reliance Communications, Bharti Lead India’s benchmark stock index rose
for the second day, led by Reliance Communications Ltd. on
reports that the government may lower fees.
Sensex Will Climb as Economy's Revival Boosts Demand, BNP Paribas Predicts Indian stocks may gain as much as 32
percent by the end of next year as a recovery in companies’
industrial output and capacity utilization helps boost growth,
BNP Paribas said.
Cairn India Shares Gain After Reaching Agreement to Sell Crude to Reliance Cairn India Ltd., the producer of
crude from the nation’s biggest onshore field, gained in Mumbai
trading after reaching an initial agreement to sell oil to
Reliance Industries Ltd.
Rupee Strengthens a Second Day as Stock Index Gains Signal Capital Inflows India’s rupee strengthened for a
second day as stock gains added to optimism foreigners are
increasing purchases of the nation’s assets to gain from its
relatively fast economic growth.
Sugar Output May Rise Next Year on Higher Price, Weather, JPMorgan Says Global sugar production may increase
in the second half of 2010, driven by higher prices and improved
weather conditions, JPMorgan Chase & Co. said.
FBI Arrests Ex-Galleon Office Worker, 13 Others in Insider-Trading Probe U.S. prosecutors charged 14 people,
including a former employee at the offices of the Galleon Group
hedge fund firm, as part of an investigation of an alleged
$20 million insider trading scheme.
Stocks in U.S. Rally on Drop in Unemployment Claims, Cisco's Sales Rebound U.S. stocks rallied, sending the
Standard & Poor’s 500 Index higher for a fourth day, as jobless
claims and worker productivity beat forecasts and Cisco Systems
Inc. said a global economic recovery spurred a rebound in sales.
King, Trichet Signal Emergency Policies Nearing End as Economies Improve Europe’s biggest central banks
signaled they will start to wind up emergency policies
introduced to fight the financial crisis as the global economy
recovers.
Agrium Increases Offer for Rival Fertilizer Maker CF to About $4.5 Billion Agrium Inc. raised its takeover offer
for rival fertilizer maker CF Industries Holdings Inc. to about
$4.52 billion, four days after CF sweetened its own unsolicited
bid for Terra Industries Inc.
Aeropostale, Limited Sales Trail Estimates as U.S. Consumers Pare Spending Aeropostale Inc., American Eagle
Outfitters Inc. and Limited Brands Inc. reported October sales
that missed analysts’ estimates before the start of the holiday
shopping season.
Hyatt Climbs After Pritzker-Controlled Hotel Operator's $950 Million IPO Hyatt Hotels Corp., the chain
controlled by Chicago’s Pritzker family, climbed in its first
day of trading after raising $950 million in the third-largest
U.S. initial public offering this year.
source: Bloomberg
