JSW Steel Expects Approval for Four Iron-Ore Mines in India, CFO Rao Says JSW Steel Ltd., India’s third-biggest
producer, expects approval for four domestic iron-ore mines,
securing lower-cost supplies for an expansion to lift capacity
more than 40 percent. The stock rose the most in a month.
State-Run NTPC Attracts Bids for 77 Percent of Stake Offered on First Day Investors took up 77 percent of
shares offered in NTPC Ltd., India’s biggest power generator, on
the first day as the government began selling stock in state-run
companies this year to help plug the fiscal deficit.
India Panel Recommends Government Should Free Prices of Gasoline, Diesel India must free gasoline and diesel
prices from government control to help develop a viable fuel
pricing policy that will ease revenue losses for state-owned
refiners, a panel set up by the government said.
India May Not Hold 3G Auction by March 31, Finance Secretary Chawla Says India, the biggest economy in the
world without nationwide third-generation mobile-phone services,
may not hold the auction of 3G licenses by March 31, Finance
Secretary Ashok Chawla said today.
Gordon Brown Writes to India's Singh Over $2 Billion Vodafone Tax Claim U.K. Prime Minister Gordon Brown has
written to his Indian counterpart Manmohan Singh about a tax
claim on Vodafone Group Plc, Bloomberg-UTV reported citing
sources it did not identify.
Rupee Advances a Second Day as Growth May Lure Capital Into Indian Stocks India’s rupee advanced the most in
more than three weeks on optimism the nation’s accelerating
economic growth will attract investors as emerging-market stocks
extended gains.
Quadrangle-Led Group Invests in India's 2nd-Largest Independent Tower Firm Quadrangle Capital Partners, the
private-equity firm co-founded by Steven Rattner, led a group of
investors in buying stakes in Tower Vision India Pvt., the
nation’s second-largest independent manager of wireless towers.
Toyota Owners Should Stop Driving Recalled Vehicles, U.S. Government Says Owners of vehicles that Toyota Motor
Corp. has recalled for accelerator-pedal defects should “stop
driving” them and bring them to a Toyota dealer for repair,
Transportation Secretary Ray LaHood said.
U.S. Companies Cut 22,000 Jobs in January, Fewest in Two Years, ADP Says Companies in the U.S. cut an
estimated 22,000 jobs in January, in line with forecasts,
according to data from a private report based on payrolls.
Bank of America Said to Plan $400,000 Average Bonus for Investment Bankers Bank of America Corp., the nation’s
largest lender, will pay investment-banking employees bonuses of
about $4.4 billion for last year, or an average of $400,000
each, a person close to the bank said.
Stocks' Risk of Plunging Is at Highest Level Since April '84, Survey Finds Expectations that U.S. stocks will
tumble 10 percent or more rose to highest level since April 1984
this week, according to Investors Intelligence’s weekly survey
of newsletter writers.
Imperial Capital Postpones IPO in Second Delay by a U.S. Company This Year Imperial Capital Group Inc. postponed
its $113 million initial public offering, becoming the second
U.S. company to shelve an IPO in 2010.
Corporate Bond Risk Tumbles as EU Backs Greek Deficit Plan: Credit Markets The cost of insuring against a
corporate bond default tumbled on speculation Greece’s deficit
crisis, which helped push credit spreads to the widest in a
month, is closer to being resolved.
Pfizer Profit, 2010 Forecast Miss Analysts' Estimates After Wyeth Purchase Pfizer Inc., the world’s biggest
drugmaker, said profit missed analyst estimates on costs from
its Wyeth acquisition and projected lower-than-expected earnings
in 2010. The shares fell as much as 3.3 percent.
source: Bloomberg
