Stocks in India Gain on Prediction India's Government Will Boost Spending India’s benchmark stock index rose
for a second day as investors predicted the government will
maintain spending to boost the economy.
India Calls Fiscal Stimulus a `Short-Term' Move Before This Week's Budget India’s fiscal stimulus is a
“short-term measure” to support economic growth, junior
finance minister Namo Narain Meena said, signaling the
government may remove some tax incentives in this week’s budget.
Maruti Suzuki Declines Most in a Month After Recalling 100,000 Hatchbacks Maruti Suzuki India Ltd., the
nation’s largest carmaker, fell the most in almost a month after
announcing a recall covering about 100,000 A-star hatchbacks to
fix faulty fuel pumps.
India Debt Sales May Rise 2 Percent in Coming Year to Record, Survey Shows India will borrow a record 4.6
trillion rupees ($100 billion) next fiscal year as debt payments
double and the government only gradually withdraws policies to
support economic growth, a survey showed.
Religare Enterprises to Invest Up to $1 Billion in Global Asset Managers Religare Enterprises Ltd., the
Indian financial services company owned by billionaire Malvinder
Singh, said it may invest as much as $1 billion buying stakes in
asset management companies worldwide.
Rupee Strengthens as India May Accelerate Sales of State Assets in Budget India’s rupee strengthened for a
second day on speculation the government will this week announce
plans to bring forward sales of public companies, helping draw
investment from abroad.
Edserv Forecasts Sales Will Surge on Indian Schools Demand for Software Edserv Softsystems Ltd., an Indian
company that provides placement services and online training to
job seekers, forecasts sales will reach 1.5 billion rupees
($21.7 million) next year as it adds clients and products.
Rural Electrification Gets Bids for 3.14 Times Offer After Overseas Bids Rural Electrification Corp., an
Indian state-owned lender for power projects, got bids for 3.14
times the shares on offer, aided by bids placed by overseas
investors.
Consumer Confidence in U.S. Falls to 10-Month Low as Outlook for Jobs Dims Confidence among U.S. consumers fell
in February to the lowest level in 10 months, a sign that
concern about job prospects may hold back the spending needed to
sustain the recovery.
Treasuries Gain After Decline in Consumer Confidence Bolsters Note Auction Treasuries gained after a report
showing a larger-than-forecast decline in consumer confidence
bolstered demand at the government’s auction of a record-tying
$44 billion in two-year notes.
FDIC Said to Prepare Sales of Bonds Backed by Failed U.S. Lenders' Assets The Federal Deposit Insurance Corp.
may start selling bonds tied to the assets of failed banks as
soon as next month.
Buffett Defies Downgrades as Berkshire Credit Risk Drops to 17-Month Low Warren Buffett’s name in credit
markets is stronger than it’s been since 2008 as debt investors
defied downgrades to his Berkshire Hathaway Inc. and pushed down
the price of default protection on the firm.
Harvard's Rogoff Sees `Bunch' of Sovereign Defaults, U.S. Belt-Tightening Ballooning debt is likely to force
several countries to default and the U.S. to cut spending,
according to Harvard University Professor Kenneth Rogoff, who in
2008 predicted the failure of big American banks.
Legg Mason Applies With SEC to Manage Exchange-Traded Funds for First Time Legg Mason Inc. applied to run
actively managed exchange-traded funds for the first time in its
27-year-history as a public company, seeking to capture a slice
of the asset-management industry’s fastest-growing segment.
Recalls by Toyota Expose Weakness of U.S. Law Spurred by Firestone Deaths Toyota Motor Corp.’s recalls of
millions of vehicles show that a law passed after fatal crashes
of Ford Explorers with Firestone tires a decade ago isn’t
working, former U.S. safety regulators say.
source: Bloomberg
