Share Sales in India May Surge 33% This Year as Market Rebounds, Citi Says Indian equity and equity-linked
offerings may jump by as much as a third this year as companies
and the government tap a growing pool of domestic capital and
the economy recovers, according to Citigroup Inc.
India Must Cut Budget Deficit for Effective Monetary Policy, Panel Says India must cut its 16-year high
budget deficit starting next financial year to make monetary
policy effective in damping inflation, the Prime Minister’s
Economic Advisory Council said.
DLF, Hindalco Fall as Stocks Decline on Concern Stimulus Will be Unwound Indian stocks fell the most in two
weeks on concern the government may withdraw measures to bolster
the economy next week, after the
Federal Reserve raised its
discount rate for the first time in more than three years.
India Should Take `Urgent' Steps to Buy White Sugar, Government Panel Says India, the biggest sugar consumer,
should take “urgent steps” to import refined sugar to meet a
deficit of 3 million to 5 million tons, a government panel said.
Standard & Poor's Places Bharti Airtel on CreditWatch Negative on Zain Bid Bharti Airtel Ltd. has been placed
on CreditWatch with negative implications by Standard & Poor’s
Ratings Services.
Aluminum Product Demand in Asia May Climb on Recovery, Novelis Unit Says Demand for aluminum-rolled products
may climb in Asia this year, boosted by the economic recovery,
according to the region’s biggest producer.
Rupee Declines for a Second Day After Federal Reserve Raises Discount Rate India’s rupee weakened for a second
day as prospects the U.S. is moving closer toward raising
interest rates diminished the appeal of higher-yielding regional
assets funded with cheap dollar loans.
Rural Electrification Share Sale Gets Lowest First-Day Bids for Government Rural Electrification Corp. got bids
for 29 percent of the stock offered in a sale, the worst
opening-day response to equity sold by India’s government, as
investor appetite for shares waned.
Reliance Extends Decline on Concern Lyondell Bid May Exceed $14.5 Billion Reliance Industries Ltd., India’s
biggest company by market value, fell for a second day in Mumbai
trading on concern that the company may increase its bid to buy
bankrupt LyondellBasell Industries AF.
Bonds in India Complete Fourth Weekly Loss on Concern Debt Sales Will Rise India’s 10-year bonds completed a
fourth weekly decline, the longest losing streak since October,
on speculation the government will increase its debt sales from
a record in the year starting April 1.
U.S. Consumer Prices Increase Less Than Forecast in Sign Inflation Subdued The cost of living in the U.S. rose
in January less than anticipated and a measure of prices
excluding food and fuel fell for the first time since 1982,
indicating the recovery is generating little inflation.
Dollar Advances, Stocks Decline as Federal Reserve Increases Discount Rate The dollar rose and stocks ended a
four-day rally after the Federal Reserve lifted the discount
rate, a sign that the central bank is ready to reverse emergency
stimulus. Losses in U.S. equities were limited and Treasuries
rose after consumer prices increased less than estimated.
`Who Pays Wins' as UBS, Merrill Lynch Lure Bankers With Salary Increases Bank of America Corp. and UBS AG,
which eliminated jobs over the past two years as they received
government aid, are luring bankers in London from competitors by
as much as doubling base salaries, recruiters said.
Foreclosures in U.S. Set Record as Unemployment Thwarts Housing Recovery A record number of Americans were in
danger of losing their homes in the fourth quarter, even as new
delinquencies declined, the Mortgage Bankers Association said.
Blackstone Considers Joining Simon in Offer for Mall Owner General Growth Blackstone Group LP, the world’s
largest private-equity firm, may join Simon Property Group
Inc.’s bid to buy bankrupt General Growth Properties Inc., two
people with knowledge of the discussions said yesterday.
Medicare Cuts May Threaten UnitedHealth, Humana Profit on Advantage Plans Medicare may announce cuts of as
much as 4 percent in government payments to U.S. health insurers
for policies serving the elderly, threatening profit growth at
UnitedHealth Group Inc., Humana Inc. and HealthSpring Inc.
source: Bloomberg
