NMDC Share Sales to Help India Raise Record $5.5 Billion This Fiscal Year India will sell as much as 250
billion rupees ($5.5 billion) of shares in state-run companies
this fiscal year, more than half the total raised since
privatization efforts began in 1991, the official in charge of
the sales said.
Stocks May Gain 20 Percent in India This Year on Earnings Growth, UTI Says India’s benchmark stock index may
rise as much as 20 percent this year, led by lenders and
information technology companies as earnings growth gains pace,
UTI Asset Management Co. predicts.
Sensitive Index Declines Most in a Month; Wipro Shares Lead the Retreat India’s stocks fell the most in a
month on concern a global economic recovery may be muted as
accelerating inflation prompts central banks to consider
tightening monetary policy.
Sesa Goa to Mine 8 Million Tons of Ore in Fourth Quarter, Mukherjee Says Sesa Goa Ltd., India’s biggest iron-
ore exporter, plans to mine between 7 million to 8 million
metric tons of the steel making ingredient in the three months to
March 31, most of which will be exported to China.
ArcelorMittal, BHP Billiton in Talks on Joint Venture in Liberia, Guinea ArcelorMittal, the world’s largest
steelmaker, is in talks with BHP Billiton Ltd. on combining
their iron ore mining interests in Liberia and Guinea.
Crude Oil Falls to Lowest This Year on Lower Equities, Global Stockpiles Crude oil dropped to its lowest this
year in New York on speculation global stockpiles remain more
than adequate and as a stronger dollar dampened hedging demand.
Rupee Has Biggest Decline in a Week as Indian Oil Importers Sell Currency India’s rupee fell the most in a
week on speculation importers bought dollars taking advantage of
the local currency’s rise toward a one-week high.
Cairn Seeks to Hire Offshore Rig for Drilling Two Wells Off India's Coast Cairn India Ltd., a unit of U.K.-
based explorer Cairn Energy Plc, is seeking to hire a rig to
drill two wells in a field off India’s east coast.
Japan Airlines Files for Bankruptcy as Government Offers $10 Billion Loans Japan Airlines Corp. filed for the
country’s fourth-largest bankruptcy under a 900 billion yen ($10
billion) turnaround plan after four government bailouts failed
to revive Asia’s most indebted carrier.
Citigroup Posts $7.6 Billion Fourth-Quarter Loss on Costs to Repay Bailout Citigroup Inc., the U.S. bank that
is 27 percent owned by the Treasury Department, ended a three-
quarter profit streak with a $7.6 billion loss on costs to exit
the government’s bailout program.
Kraft Agrees to Buy Cadbury for $19.7 Billion, Ending Four-Month Struggle Cadbury Plc agreed to an improved
11.9 billion-pound ($19.7 billion) offer from Kraft Foods Inc.,
ending more than four months of resistance and creating the
world’s largest confectioner.
Stocks Rise in U.S. as Treasuries Retreat, Stronger Dollar Sends Oil Lower U.S. stocks rose, boosted by a rally
in health companies on speculation Republicans will block an
industry overhaul, while Treasuries fell and a stronger dollar
sent oil lower.
Credit Suisse Cuts Global Bonus Pool by 5% to Spread Costs From U.K. Taxes Credit Suisse Group AG, the largest
Swiss bank by market value, is trimming its global bonus pool by
5 percent to spread the cost of the U.K. bonus tax, with senior
employees in London taking bigger reductions.
Mortgage-Bond Leverage Runs as High as 10-to-1 as Markets Heal, RBS Says Wall Street firms are loosening the
terms of their lending to mortgage-bond investors as markets
heal, an RBS Securities Inc. executive said.
MetLife Near $14 Billion-$15 Billion Deal to Buy AIG's Alico, WSJ Reports MetLife Inc. is in final talks to
purchase the Alico division from American International Group
Inc. for $14 billion to $15 billion, the Wall Street Journal
reported. It wasn’t immediately clear how the Journal obtained
the information.
Carlyle Plans IPO of Skiwear Maker Moncler Next Year, Weighs Acquisitions The Carlyle Group, the world’s
second-largest private-equity firm, is planning an initial
public offering of skiwear maker Moncler next year after adding
stores and boosting sales.
source: Bloomberg
