Nuclear Bill Stalls in India, Delaying Entry of GE-Hitachi, Westinghouse India’s government failed to
introduce a bill intended to shield U.S. nuclear equipment
suppliers from liability, delaying the entry of companies
including General Electric Co.’s atomic venture.
Most Indian Stocks Decline as Inflation Accelerates; State Bank Retreats Most Indian stocks fell led by
banks after a report showed inflation accelerated more than
economists expected. State Bank of India led the drop.
India Inflation Accelerates to 16-Month High in February on Factory Prices India’s inflation accelerated to a
16-month high in February, increasing pressure on the central
bank to raise interest rates from a record low.
Facebook to Start First India Center to Help Support Operations Globally Facebook Inc., the owner of the
largest social networking site, plans to set up its first Indian
center at Hyderabad to support its growing global operations.
Standard Chartered Seeking Indian, South Korean Equity Hires for Expansion Standard Chartered Plc, the U.K.
bank that makes most of its profit in emerging markets, will
hire stock analysts and traders in India and South Korea to
expand its operations in Asia.
NTPC Plans 2010-11 Coal Imports of 14 Million Tons, Chairman Sharma Says NTPC Ltd., India’s biggest
electricity generator, plans to import 14 million metric tons of
coal in the year starting April 1, Chairman R.S. Sharma said.
Posco Starts Building Galvanized Steel Sheet Plant in India for Automakers Posco, South Korea’s largest
steelmaker, began building a $240 million plant in India to
produce galvanized steel sheet to supply automakers.
Hindustan Construction to Buy Controlling Stake in Developer Karl Steiner Hindustan Construction Co. will buy
a controlling stake in Karl Steiner AG and purchase remaining
shares in the Swiss developer in 2014, the Indian company said
in a statement to the Bombay Stock Exchange today.
Tata Motors Group February Global Sales Rise 59% Helped by Jaguar Demand Tata Motors Ltd. posted a 59
percent increase in group global sales in February, helped by a
surge in demand at the Jaguar Land Rover luxury unit.
Indian 10-Year Bond Yields Hold Near 17-Month High Before Inflation Data India’s 10-year bond
yields held near the highest in almost 17 months as
investors refrained from buying on concern
accelerating inflation will erode the value of debt returns.
Stocks in U.S. Fall on Concern Over Dodd Financial Rules, China's Economy U.S. stocks fell for a second day
amid growing concern lawmakers will limit trading at banks and
speculation that China will restrict economic growth to curb
inflation.
EU Finance Ministers Spar Over Aid for Greece, Bet Bailout Won't Be Needed European finance ministers sparred
over an aid package for debt-ridden Greece, banking on the Greek
government’s budget cuts to make a bailout unnecessary.
Commercial Mortgage Debt Rallies as TALF Draws to a Close: Credit Markets Commercial mortgage-backed bond
returns are accelerating as the Federal Reserve ends support for
the $700 billion market, showing growing confidence that loan
defaults won’t derail the economic recovery.
Phillips-Van Heusen Agrees to Buy Tommy Hilfiger From Apax for $3 Billion Phillips-Van Heusen Corp. agreed to
buy clothing maker Tommy Hilfiger BV from private-equity firm
Apax Partners LP for 2.2 billion euros ($3 billion), adding the
brand to its Calvin Klein and Izod lines. Phillips-Van Heusen
shares jumped in New York trading.
Munich Re, Berkshire Among Reinsurers With Gains in Policyholders' Surplus Munich Re and Warren Buffett’s
Berkshire Hathaway Inc. are among reinsurers reporting a third
straight quarterly increase in policyholders’ surplus as capital
markets improve and earnings rise.
OSI Chief Rejects Astellas Bid as Overlooking Tarceva's $7 Billion Promise OSI Pharmaceuticals Inc. Chief
Executive Officer Colin Goddard said Astellas Pharma Inc.’s $3.5
billion hostile takeover bid doesn’t reflect peak annual revenue
of $7 billion from the cancer pill Tarceva.
source: Bloomberg
