India May Lead G-20 in Fiscal Stimulus Exit as Singh Signals Withdrawal India may be among the first Group of
20 nations to begin winding back fiscal stimulus after Prime
Minister Manmohan Singh said faster economic growth would allow
the measures to be withdrawn.
Lodha's `Strongest Year' May See Its Home Sales in India Triple by March Lodha Developers Ltd., an Indian
property company that’s planning an initial share sale, expects
its home sales in India will climb about threefold as a record
low benchmark interest rate encourages buyers to take loans.
Sensex Index Rises for Fourth Day, Led by Reliance Industries, Tata Steel Indian stocks rose, extending a rally
on the benchmark index to four days, led by Reliance Industries
Ltd. after the nation’s most valuable company said it’s
reviewing overseas investments.
Blackstone Acquires Stake in Indian Rail Freight Provider For $64 Million Blackstone Group LP, the world’s
largest private-equity company, acquired a stake in an Indian
rail freight mover to tap increased movement of goods as growth
in Asia’s third-largest economy accelerates.
T. Rowe Price Buys 26% Stake in UTI Asset, India's Oldest Money Manager T. Rowe Price Group Inc. bought a 26
percent stake in UTI Asset Management Co., India’s oldest money
manager, after assets managed by Indian funds rose fivefold in
five years.
Bonds Gain as Prime Minister Singh Signals End to Indian Stimulus Measures India’s 10-year bonds rose for the
first time in four days after Prime Minister Manmohan Singh
signaled fiscal stimulus measures may be withdrawn next year,
bolstering investor confidence in the nation’s assets.
Vijay Mallya's Kingfisher Airlines Plans to Raise $400 Million to Pay Debt Kingfisher Airlines Ltd., India’s
second-largest publicly traded carrier, is in talks with private
equity investors to raise $400 million and use the proceeds to
pay debt, Chairman Vijay Mallya said.
Sugar Mills in India's No.2 Producer to Start Crushing, May Ease Shortage Sugar mills in India’s Uttar Pradesh,
the country’s second-biggest producer, will start crushing cane
on time, allaying concerns of delay caused by a dispute between
farmers and mills, a trade body said.
India Stocks Regulator Eases Listing, Reporting Rules for Small Companies India’s stock market regulator eased
rules for stock listings and earnings reports by the nation’s
small and medium-sized companies, Chairman C.B. Bhave said.
Stocks, Commodities Soar as G-20 Nations Maintain Stimulus; Dollar Plunges U.S. stocks extended a global rally
and the dollar slid after the Group of 20 nations agreed to
maintain economic stimulus efforts. Commodities climbed, sending
gold to a record above $1,100 an ounce.
Cadbury Rejects Kraft's $16 Billion Unsolicited Takeover Offer as Too Low Cadbury Plc, the maker of Dairy Milk
chocolate, rejected Kraft Foods Inc.’s unsolicited takeover
offer of 9.8 billion pounds ($16 billion) after Kraft stuck to
the terms of its initial bid.
Stock Rally Just Getting Started in History of Period Preceding Rate Rises Stocks around the world are falling
at the fastest rate since the worst of the credit crisis on
concern central banks will start raising rates, a signal that
triggered the biggest rallies over the past three decades.
Fannie Mae May Write Down Value of Tax Credits After Treasury Vetoes Deal Fannie Mae is evaluating whether it
will have to write down the value of its low-income housing tax
credits after the U.S. Treasury Department rejected a plan to
sell them, the mortgage-finance company said today.
Dubai Ruler Says Bond Will Be `Well Received,' Tells Critics to `Shut Up' Dubai’s second half of a $20 billion
bond program will be “well received,” and those who doubt the
unity of Dubai and Abu Dhabi should “shut up,” the emirate’s
ruler Sheikh Mohammed Bin Rashid Al-Maktoum said.
Tishman BlackRock Near Restructuring or Sale of New York's Stuyvesant Town Tishman Speyer Properties LP and
BlackRock Realty, the owners of Manhattan’s Stuyvesant Town-
Peter Cooper Village, moved closer to restructuring $3 billion
in debt on the apartment complex as the property verges on
default, Fitch Ratings said.
China's Corn Harvest Falling 13% After Drought Ravaged Farms, Survey Shows China’s corn harvest, the world’s
second-largest, plunged by a more-than-estimated 13 percent to
a four-year low because of droughts in the main growing
regions, a survey of farmers showed.
source: Bloomberg
