Inflation Rate in India Holds at 17-Month High as Rate Pressure Mounts India’s inflation rate held at a
17-month high in March, increasing pressure on the central bank
to raise borrowing costs next week.
Bids to Provide Nationwide 3G Phone Services in India Reach $1.1 Billion Bids for an all-India license to
offer faster wireless services reached 47.4 billion rupees ($1.1
billion) on the fifth day, the government said today.
Mumbai's Residential Sales Plateau as Prices Jump 30%, Knight Frank Says Mumbai home prices have jumped
about 30 percent over the past six months, leading to a drop in
home sales in India’s financial capital as higher prices deter
buyers, Knight Frank LLP said.
Buy India's Mid-Cap Stocks to Tap Expanding Economy, Edelweiss's Shah Says India’s medium-sized companies are
the best bets for investors seeking to profit from an economy
that may expand almost fourfold by the end of this decade,
Edelweiss Capital Ltd. said.
Sensex Index Slides to Two-Week Low On Rate-Rise Concerns; Reliance Drops India’s benchmark stock index fell
to the lowest level in two weeks amid expectations that the
central bank will increase borrowing costs to curb inflation.
Copper in London Gains as Much as 0.3% to $7,975, Climbs for a Second Day Copper rose for a second day as
China, the world’s largest consumer, reported that economic
growth in the first quarter accelerated to the fastest pace in
almost three years.
Pipavav in Talks to Acquire European Rig, Shipping Operator, Chairman Says Pipavav Shipyard Ltd., an Indian
shipbuilder that counts billionaire John Fredriksen’s shipping
line as a client, is in talks to buy an oil rig and shipping
company in Europe, Chairman Nikhil Gandhi said.
Rupee Advances as Faster Asian Economic Growth Lures Investors to India India’s rupee strengthened,
snapping a two-day loss, on speculation global investors will
pump more money into Asian assets as economic growth picks up in
the region.
India Finance Minister Mukherjee Sees Inflation Pressure Lasting Till June Inflationary pressure in India may
remain till June, Finance Minister Mukherjee told reporters in
comments aired on local television channels. Prices may start to
cool after higher availability of food grains, he said in New
Delhi.
Sudip Bandyopadhyay Starts Financial Services Firm Backed by CX Partners Sudip Bandyopadhyay, former
managing director of Indian billionaire Anil Ambani’s Reliance
Money, has started a financial services company backed by
private equity firm CX Partners.
Manufacturing Gains Lead U.S. Recovery as Job Market Fails to Follow Suit Manufacturers are charging ahead as
sales and inventories grow, spearheading a U.S. economic
recovery that shows scant signs of lifting labor markets.
Stocks in U.S. Advance on Earnings, Economic Outlook; GE, Caterpillar Gain U.S. stocks advanced for a sixth
day as growing optimism that earnings and the economy are
growing overshadowed an unexpected increase in jobless claims.
Greece Moves Closer to Triggering Aid as IMF, EU Officials Head for Athens Greek Prime Minister George
Papandreou moved a step closer to triggering a $61 billion
rescue package, asking the European Commission and the
International Monetary Fund for a meeting in Athens next week.
Continental Is Said to Hold Merger Talks With United Airlines Parent UAL Continental Airlines Inc. is
holding talks with United Airlines parent UAL Corp. on a merger
that would create the world’s largest carrier, a person with
direct knowledge of the discussions said.
Homebuilder Bonds Recover Subprime Losses as Yields Tumble: Credit Markets U.S. homebuilder bonds have
recovered to levels last seen before the global credit freeze as
investors gain confidence the economic recovery is strong enough
to prevent defaults.
Canada Is Ready to Stand Alone Against G-20's Bank-Tax Plan, Rajotte Says Canada is ready to stand alone
among Group of 20 countries in rejecting a tax on banks, said
James Rajotte, the Conservative Party lawmaker who chairs the
House of Commons finance committee.
Fisher Returns to REITs With Chatham IPO After Earning 316% for Investors Jeffrey Fisher, the investor who
reaped a fourfold gain for shareholders by selling his hotel-
property fund at the height of the real-estate bubble, is
returning to the equity market.
source: Bloomberg
