Bharti Names Kohli as Head of Team to Acquire Companies Outside South Asia Bharti Airtel Ltd., South Asia’s
biggest mobile-phone operator, named Chief Executive Officer
Manoj Kohli to head a new team to acquire companies outside the
region after it made its first overseas acquisition yesterday.
GTL Infrastructure Said to Buy Aircel's Towers in India for $1.8 Billion GTL Infrastructure Ltd. agreed to
acquire mobile-phone towers from the Indian unit of Malaysia’s
Maxis Communications Bhd. valued at 85 billion rupees ($1.8
billion), three people with knowledge of the transaction said.
India to Boost Rice, Wheat, Sugar Supplies to Cool Food Price Inflation India, the world’s second-most
populous nation, plans to boost domestic supplies of rice, wheat,
sugar, cooking oil and lentils to cool food inflation from a
near an 11-year high.
Sensitive Index Advances, Infosys Rises to Record on Sales-Growth Outlook Indian stocks rose, snapping a four-
day decline. Infosys Technologies Ltd. led gains among software
exporters after yesterday posting quarterly profit that beat
analyst estimates and saying annual sales will rise,.
Rural Electrification to Start Selling $965 Million of Shares in February Rural Electrification Corp., a
state-owned lender for Indian power projects, may sell shares in
the second-half of February in an offer that will raise about 44
billion rupees ($965 million) to step up funding.
India's Energy Efficiency Credits Trading May Grow to $16 Billion Market India plans to start trading energy
efficiency credits, which could curb carbon-dioxide emissions
growth and develop into a 740 billion rupee ($16 billion) market
by 2015, a government official said.
Rupee Advances on Speculation Exporters Will Sell Dollars, Factory Output India’s rupee rose on speculation
its biggest drop yesterday in almost eight weeks encouraged
exporters to sell dollars and boost profit in local-currency
terms.
Stock Gains Set to Slow on Valuations, India's Policy, Morgan Stanley Says Indian stocks, which more than
doubled from last year’s lows, are likely to rise at a slower
pace as valuations become less attractive and the nation ponders
an exit from its stimulus policies, according to Morgan Stanley.
Infosys, Tata Consultancy Surge to Record in Mumbai on Growth Expectations Infosys Technologies Ltd., India’s
second-largest software services provider, and larger rival Tata
Consultancy Services Ltd. surged to their highest on record
on expectations sales will increase.
Griffin Coal May Attract a Buyer From India or China, Administrator Says Griffin Coal Mining Co., a failed
Australian coal mining company with debts of at least A$700
million ($646 million), may be sold to a Chinese or Indian buyer,
its administrator said.
Wall Street Chiefs Pushed Back Into Washington Spotlight as Bonuses Loom Lloyd Blankfein, Jamie Dimon, John
Mack and Brian Moynihan, testifying about the causes of the
financial crisis that led to a $700 billion taxpayer bailout,
are being pulled back into the political spotlight as they brace
for public outrage over bonus payments.
Google May Close China Site, Offices After `Highly Sophisticated' Attack Google Inc. defied the Chinese
government by saying it will end self-censorship of its search
engine and may quit the world’s largest Internet market after
attacks on e-mail accounts of human-rights activists.
Emerging-Market Stocks Decline Most in Four Weeks; Crude Oil, Corn Slide Emerging-market stocks dropped the
most in four weeks, oil dipped below $80 a barrel and the pound
rose on evidence central banks are preparing to scale back their
emergency support for economic growth.
Obama Will Announce Fee on 20 Banks to Recoup TARP, Reduce Budget Deficit President Barack Obama will announce
his intention to impose a fee on more than 20 of the country’s
largest banks and financial institutions to help recoup taxpayer
bailout money and trim the federal budget deficit, an
administration official said.
Treasury Investors Most Bearish in Two Years as Deficits Rise to Records Investors are the most bearish on
Treasuries in more than two years as the reliance on government
debt to revive economic growth weighs on sovereign issues, a
survey of Bloomberg users showed.
Lehman Liquidator Marsal Breaks Legal Tradition by Making Investment Bets Bryan Marsal, whose Alvarez & Marsal
firm has been paid more than $200 million so far to liquidate
bankrupt Lehman Brothers Holdings Inc., is proposing instead to
invest in discounted loans on a gamble he can make more money
that way for creditors and himself in the next five years.
GM Studies Bids for Saab Division as Genii Capital Prepares Revised Offer General Motors Co. said it’s still
reviewing bids for Saab Automobile as Formula One tycoon Bernie
Ecclestone and partner Genii Capital prepared to submit a
revised offer today for the Swedish carmaker.
source: Bloomberg
