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News Headlines
Indian Inflation Must Ease Before Interest Rates Can Be Cut, Subbarao Says
(Bloomberg Finance LP)
India’s inflation must ease before the central bank can reduce interest rates,
Governor Duvvuri Subbarao said, signaling policy makers may maintain a tight
monetary stance for now.
RBI to change policy stance if inflation eases (Reuters)
The Reserve Bank of India (RBI) will change its monetary policy stance only if inflation
eases and further rate increases will depend on the price rise situation, Subir Gokarn,
a deputy governor at the bank, said on Wednesday.
India gold rises 1 pct; festivals prop up demand (Reuters)
Gold demand in India, the world's biggest consumer, remained healthy on
Wednesday as consumers were buying for key festival despite a percent rise that
pushed up local prices to the highest level in nearly three weeks, dealers said.
No inherent problem in banking system: RBI (Reuters)
The Indian banking system does not have an inherent problem, the Reserve Bank of
India Governor D. Subbarao said on Wednesday.
Indian Industrial Output Grows Less Than Estimated as Interest Rates Climb
(Bloomberg Finance LP)
India’s industrial production rose less than expected following record interest-rate
increases by the central bank and as the global recovery weakens.
Exports up 36.3% in September (BS)
Exports continued to shine amid slowing down of other sectors of the economy,
though pace of growth has decelerated in September due to external headwinds.
Good harvest profits not aplenty for India's farmers (Reuters)
Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after
strong monsoon rains and a good crop, but high costs have cast a pall over his
preparations for the festive season.
Competition to hit pharma cos like Cadila Healthcare, Divi's Labs, Lupin, Pfizer,
Sun Pharma margins (ET)
Pharma cos are expected to log a modest performance in the September quarter of
this fiscal. Most companies are expected to post double-digit growth in revenues.
SAIL to sign steel plant pact with POSCO in Nov (Reuters)
State-run Steel Authority of India Ltd is likely to sign a joint venture agreement with
South Korean steel major POSCO for setting up a factory in Bokaro, Steel Minister
Beni Prasad Verma said on Wednesday.
ONGC, PetroVietnam sign 3-yr cooperation pact (Reuters)
State-run explorer Oil and Natural Gas Corp said on Wednesday its overseas
investment arm has signed a three-year agreement with PetroVietnam for developing
long-term cooperation in the oil sector.
Reliance Broadcast to launch new channel in Dec qtr (Reuters)
Reliance Broadcast is planning to leverage on fresh content to push up its
subscription revenues and expects to launch a new high definition channel this
quarter, a senior official said on Wednesday.
BPCL: New gas discovery to fuel long-term revenue growth (BS)
Discovery of significant gas reserves at the Rovuma basin in Mozambique, Africa, has
been a positive development for Bharat Petroleum Corporation (BPCL).
Sahara Group invests $100 mln in Force India (Reuters)
Indian business conglomerate Sahara group has invested $100 million in Force India
and taken a 42.5 percent stake in the Formula One team which it now co-owns with
liquor baron Vijay Mallya while Dutch entrepreneur Michiel Mol takes a backseat.
Singapore Economic Growth Seen Near Zero May Prompt Slower Currency
Gains (Bloomberg Finance LP)
Singapore’s economic growth probably nearly stalled last quarter as a faltering global
recovery hurt exports, putting pressure on the central bank to join nations from
Indonesia to Pakistan in easing monetary policy.
Italian turmoil haunts euro zone before summit (Reuters)
Italy braced for a confidence vote in Silvio Berlusconi's government and Slovak
leaders scrambled to secure approval for a stronger euro zone rescue fund on
Wednesday, highlighting the political hurdles to resolving the bloc's debt crisis.
Credit Managers for Manufacturers See Less U.S. Recession Risk (Bloomberg
Finance LP)
The U.S. manufacturing industry rebounded in September from its lowest level since
December 2009, helping to defy concerns about a double-dip recession.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
News Headlines
Indian Inflation Must Ease Before Interest Rates Can Be Cut, Subbarao Says
(Bloomberg Finance LP)
India’s inflation must ease before the central bank can reduce interest rates,
Governor Duvvuri Subbarao said, signaling policy makers may maintain a tight
monetary stance for now.
RBI to change policy stance if inflation eases (Reuters)
The Reserve Bank of India (RBI) will change its monetary policy stance only if inflation
eases and further rate increases will depend on the price rise situation, Subir Gokarn,
a deputy governor at the bank, said on Wednesday.
India gold rises 1 pct; festivals prop up demand (Reuters)
Gold demand in India, the world's biggest consumer, remained healthy on
Wednesday as consumers were buying for key festival despite a percent rise that
pushed up local prices to the highest level in nearly three weeks, dealers said.
No inherent problem in banking system: RBI (Reuters)
The Indian banking system does not have an inherent problem, the Reserve Bank of
India Governor D. Subbarao said on Wednesday.
Indian Industrial Output Grows Less Than Estimated as Interest Rates Climb
(Bloomberg Finance LP)
India’s industrial production rose less than expected following record interest-rate
increases by the central bank and as the global recovery weakens.
Exports up 36.3% in September (BS)
Exports continued to shine amid slowing down of other sectors of the economy,
though pace of growth has decelerated in September due to external headwinds.
Good harvest profits not aplenty for India's farmers (Reuters)
Cotton farmer Ravindra Krishna Patil in Maharashtra should be feeling flush after
strong monsoon rains and a good crop, but high costs have cast a pall over his
preparations for the festive season.
Competition to hit pharma cos like Cadila Healthcare, Divi's Labs, Lupin, Pfizer,
Sun Pharma margins (ET)
Pharma cos are expected to log a modest performance in the September quarter of
this fiscal. Most companies are expected to post double-digit growth in revenues.
SAIL to sign steel plant pact with POSCO in Nov (Reuters)
State-run Steel Authority of India Ltd is likely to sign a joint venture agreement with
South Korean steel major POSCO for setting up a factory in Bokaro, Steel Minister
Beni Prasad Verma said on Wednesday.
ONGC, PetroVietnam sign 3-yr cooperation pact (Reuters)
State-run explorer Oil and Natural Gas Corp said on Wednesday its overseas
investment arm has signed a three-year agreement with PetroVietnam for developing
long-term cooperation in the oil sector.
Reliance Broadcast to launch new channel in Dec qtr (Reuters)
Reliance Broadcast is planning to leverage on fresh content to push up its
subscription revenues and expects to launch a new high definition channel this
quarter, a senior official said on Wednesday.
BPCL: New gas discovery to fuel long-term revenue growth (BS)
Discovery of significant gas reserves at the Rovuma basin in Mozambique, Africa, has
been a positive development for Bharat Petroleum Corporation (BPCL).
Sahara Group invests $100 mln in Force India (Reuters)
Indian business conglomerate Sahara group has invested $100 million in Force India
and taken a 42.5 percent stake in the Formula One team which it now co-owns with
liquor baron Vijay Mallya while Dutch entrepreneur Michiel Mol takes a backseat.
Singapore Economic Growth Seen Near Zero May Prompt Slower Currency
Gains (Bloomberg Finance LP)
Singapore’s economic growth probably nearly stalled last quarter as a faltering global
recovery hurt exports, putting pressure on the central bank to join nations from
Indonesia to Pakistan in easing monetary policy.
Italian turmoil haunts euro zone before summit (Reuters)
Italy braced for a confidence vote in Silvio Berlusconi's government and Slovak
leaders scrambled to secure approval for a stronger euro zone rescue fund on
Wednesday, highlighting the political hurdles to resolving the bloc's debt crisis.
Credit Managers for Manufacturers See Less U.S. Recession Risk (Bloomberg
Finance LP)
The U.S. manufacturing industry rebounded in September from its lowest level since
December 2009, helping to defy concerns about a double-dip recession.
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