Monday, November 26, 2012

Moody's says India's rating outlook is stable

Moody's says India's rating outlook is stable

Moody's says India's rating outlook is stable

Posted: 26 Nov 2012 08:52 PM PST

Moody's said on Tuesday that the outlook on its Baa3 rating for India is stable.

Sensex extends gains, surges by 111 pts

Posted: 26 Nov 2012 08:38 PM PST

The BSE benchmark Sensex extended gains for the second straight day by surging nearly 111 points in early trade on Tuesday on sustained buying by funds amid a firming trend in the Asian region.

Etihad set to pick 24% stake in Jet Airways

Posted: 26 Nov 2012 11:17 AM PST

Naresh Goyal-owned Jet Airways is on the verge of becoming the first Indian carrier to benefit from the government's recent FDI policy change, allowing foreign carriers to invest in domestic airlines.

Is Aston Martin right fit for Mahindra & Mahindra?

Posted: 26 Nov 2012 11:14 AM PST

A deal is yet to be sealed, but doubts and questions marks are already being raised over Mahindra & Mahindra's (M&M's) ambitious bid for iconic British luxury carmaker Aston Martin.

GlaxoSmithKline to invest Rs 5,215cr in Indian arm

Posted: 26 Nov 2012 11:09 AM PST

British drug giant GlaxoSmithKline (GSK) will invest around Rs 5,215 crore ($941 million) to increase stake in its Indian consumer healthcare subsidiary, GlaxoSmithKline Consumer Healthcare (GSKCH), to 75% through a voluntary open offer.

OVL to buy 8% stake in Kazakh oil field

Posted: 26 Nov 2012 11:06 AM PST

In a deal that would mark the biggest overseas investment by an Indian oil company, ONGC Videsh Ltd on Monday said it has agreed to buy US energy giant ConocoPhillips' 8.4% stake in the Kashagan oilfield in Kazakhstan's Caspian Sea area for $5 billion.

India's deficit-cutting plan faltering as clock ticks

Posted: 26 Nov 2012 08:29 AM PST

Finance Minister P. Chidambaram has banned government officials from holding conferences at five-star hotels, restricted travel and ordered a freeze on hiring to fill vacant posts.

Jet Airways, SpiceJet in talks with Etihad, AirAsia

Posted: 26 Nov 2012 05:57 AM PST

Struggling carriers Jet Airways India Ltd(JET.NS) and SpiceJet Ltd (SPJT.BO) are in talks with Abu Dhabi's Etihad Airways and Malaysia's AirAsia Bhd (AIRA.KL) to sell minority stakes, a senior government official with direct knowledge of the talks said.

Gold dips after nearly one-month high

Posted: 26 Nov 2012 05:32 AM PST

Gold eased on Monday, weighed by weaker shares as investors focused on prospects for aid for Greece and as speculators booked profits after prices rallied to their highest in more than a month in the previous session.

Sensex closes; technology and airline shares gain

Posted: 26 Nov 2012 04:45 AM PST

The BSE Sensex and Nifty ended higher on Monday, led by gains in export-driven technology shares such as Infosys due to rupee's weakness versus dollar, while reports of a stake sale to Etihad Airways buoyed Jet Airways stocks.

Rupee extends fall as oil importers buy dollars

Posted: 26 Nov 2012 04:43 AM PST

The rupee extends fall to trade at 55.81/82 versus its previous close of 55.5350/5450, after hitting 55.82, a level last seen on September 6, on strong dollar demand from oil refiners.

French minister 'does not want Mittal in France'

Posted: 26 Nov 2012 01:54 AM PST

French Industrial renewal minister Arnaud Montebourg does not want steel giant ArcelorMittal in France anymore and is looking for an industrial partner with which to take the group's operations there over on a temporary basis, he said today in an interview.

Swis bank UBS fined £29.7 million

Posted: 26 Nov 2012 01:18 AM PST

Britain's financial regulator said Monday it had fined Swiss bank UBS £29.7 million (36.7 million euros, $47.6 million) for failings that allowed Kweku Adoboli to commit the country's biggest fraud.
Posted by Harshad at 9:32 PM

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