Stocks in India Advance as Europe Deficit Concerns Recede; Infosys Climbs India’s benchmark stock index rose,
reversing losses, as concern eased that deficits in Europe may
cause a global economic recovery to falter. Infosys Technologies
Ltd. led gains in software exporters.
National Commodity Exchange's Turnover to Surge 68%, CEO Ramaseshan Says India’s National Commodity &
Derivatives Exchange Ltd., partly owned by Goldman Sachs Group
Inc., said it expects turnover to surge 68 percent this year as
the global economy recovers.
Passenger Car Sales in India Jump to Record as Growth, Rates Boost Demand India’s passenger car sales gained in
January to a record as economic growth and cheaper loan rates
helped boost demand.
Cargill's India Venture Begins Sugar Production This Week, Tapping Demand Cargill Inc., the largest U.S.
agricultural company, will begin sugar production at its first
Indian refinery this week to tap into the world’s biggest
consumer of the sweetener, a company executive said.
Bank of India Said to Cancel Planned Dollar Bond Sale on Market Volatility Bank of India, the state-owned lender,
canceled a dollar-denominated bond sale citing volatility in
credit markets.
India Poised to Resume Record Pace of Economic Growth, Singh Adviser Says India is poised to resume its record
pace of expansion, Prime Minister Manmohan Singh’s top economic
adviser said, as global companies flock to the fastest-growing
major economy after China.
Renault, Mahindra in Talks to Restructure Indian Joint Automaking Venture Renault SA, France’s second-biggest
carmaker, will set up its own distribution network in India as
the manufacturer discusses reorganizing its joint venture with
partner Mahindra & Mahindra Ltd.
Billionaire Ambani Hasn't Bid for Liverpool Football Club, Reliance Says Reliance Industries Ltd., India’s
most valuable company, said it hasn’t made a bid to buy a stake
in Liverpool FC, the English Premiership soccer club.
Biggest Risk of India is Dependence on Foreign Capital, Stephen Roach Says Morgan Stanley Asia Chairman Stephen
Roach said India’s biggest risk is dependence on foreign
capital.
Rupee Gains as Exporters Sell Dollars to Take Advantage of Three-Day Drop India’s rupee strengthened, snapping
a three-day loss, on speculation exporters sold dollars to take
advantage of the local currency’s decline to its lowest level
this year.
U.S. Stocks Extend Advance on Growing Speculation EU Will Support Greece U.S. stocks rose, recouping
yesterday’s losses, as a European Union official held out the
prospect of bailing out Greece in return for progress in
reducing its budget deficit.
Greek Bonds Surge as EU's Rehn Offers Support in `Broad Sense of the Word' Greek bonds jumped after the European
Union signaled it may aid Greece in return for progress by the
country in reducing the bloc’s biggest budget deficit.
Wholesale Inventories in U.S. Unexpectedly Decline 0.8% in Sign of Demand Inventories at U.S. wholesalers
unexpectedly fell in December following the biggest increase in
more than five years, indicating distributors had trouble
keeping up with demand.
UBS Says Withdrawals by Clients Increased Even as Bank Returned to Profit UBS AG, the European bank with the
biggest losses from the credit crisis, said withdrawals by
wealthy clients accelerated in the fourth quarter even as the
company reported its first profit in more than a year.
Loews CEO Tisch Says U.S. Rang Hotel `Death Knell,' Hurt AIG With Pay Curb Jim Tisch, the leader of Loews Corp.,
said the U.S. did a “good job of killing” the hotel business
by lambasting corporate travel and hurt American International
Group Inc.’s ability to return bailout funds by curbing pay.
Toyota Extends Recall to 437,000 Hybrids Including Prius to Repair Brakes Toyota Motor Corp. will recall
437,000 hybrid cars globally to fix faulty braking systems on
four models, including the Prius, adding to almost 8 million
vehicles the company is repairing for separate defects.
Solar Capital Prices IPO Shares at $18.50, Less Than Junk Investor Sought Solar Capital Ltd., which invests in
companies with junk-rated debt, priced its initial public
offering at $18.50 a share, less than the company sought.
source: Bloomberg
