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	NEWS TAPE

30 Jun 2008 23:59

Sri Lanka's GDP Growth Slows as Prices Curb Spending (Update1) : Sri Lanka's economic growth slowed for the first time in a year in the first quarter as inflation running above 25 percent and escalating violence in the South Asian island's civil war ...

Rupee Has Worst Quarter in Decade as Stocks Decline, Oil Rises : India's rupee completed its biggest quarterly loss in a decade as the slide in local stocks prompted overseas investors to reduce equity holdings and record oil prices spurred demand for ...
30 Jun 2008 23:50

30 Jun 2008 23:12

India, Resisting Calls for Carbon Cut, Plans Climate `Missions' : India, the world's fourth-largest emitter of carbon dioxide, plans to form eight commissions to promote solar power, energy efficiency and water conservation as it seeks to mitigate ...

State Bank's Bhatt Sees Less Profit From India Loans (Update2) : Indian banks, wrestling with the highest borrowing costs in 6 1/2 years, will earn less from each loan, spurring a switch to mutual funds and insurance, said Om Prakash Bhatt, chairman of ...
30 Jun 2008 22:59

India to Receive Normal Rains in July, Boosting Crops (Update1) : India's monsoon rains will be normal next month, boosting the prospects for rice, lentils and soybeans and easing food prices that have helped drive inflation to the highest in 13 years. ...
30 Jun 2008 22:39

Indian 10-Year Bonds Have Worst Quarter in at Least Seven Years : India's 10-year bonds fell, rounding off the biggest quarterly loss in at least seven years, on concern record oil prices will cause inflation to accelerate from the fastest in 13 years. ...
30 Jun 2008 22:23

30 Jun 2008 22:02

BHP, BP, Reliance Bid for Fewer Oil Areas in India (Update3) : India, Asia's third-biggest oil consumer, received bids to explore fewer oil and gas areas than offered after the government withdrew a tax break on some new projects and a shortage of ...

India Cotton Output May Climb 11%, Biggest Buyer Says (Update1) : Cotton output in India, the world's second-biggest producer, may rise 11 percent to a record next year on higher yields from genetically altered crops and good rains, the nation's biggest ...
25 Jun 2008 13:43

25 Jun 2008 13:29

India Signals Further Rate Moves to Fight Inflation (Update3) : India's central bank signaled it will keep raising borrowing costs after unexpectedly lifting interest rates for the second time in two weeks and telling lenders to keep more cash in ...

India Tea Exports May Gain 28% on Kenyan Shortfall, Iraq Buying : Tea exports from India, the world's largest producer, may rise 28 percent this year after drought cut output in Kenya and Iraq renews purchases of low-priced tea from the South Asian ...
20 Jun 2008 12:02

20 Jun 2008 11:54

India's Soybean Output May Reach Record on Prices, Early Rains : India, Asia's biggest supplier of soybean meal, may plant a record soybean crop for a second year after prices rose to all-time highs and as early rainfall increases sowing. ...

Indian Rupee Falls a Second Day; Stock Slide May Spur Outflows : India's rupee fell for a second day on speculation losses in local stocks will spur overseas investors to withdraw funds from the nation. The currency weakened after the benchmark share index slid for a third day, extending yesterday's 3.25 percent decline, which was the biggest in two months. Foreign investors sold more ...
10 Jun 2008 12:15

IDFC Plans to Raise Assets to $2 Billion for India Investments : IDFC Private Equity Co., India's largest infrastructure-focused private equity firm, plans to more than triple its assets for investments in roads, ports and power in the world's ...
30 May 2008 19:55

30 May 2008 19:40

India's GDP Growth Holds at Slowest Pace Since 2005 (Update3) : India's economic growth held at the weakest pace since 2005 as the highest interest rates in six years discouraged consumer spending and investment. Asia's third-largest economy expanded 8.8 percent in the three months to March 31 from a year earlier, matching the revised gain of the previous quarter, the statistics office said in a ...

India Debt Opening Won't Draw Investment `Flood,' Lehman Says : India's easing of debt-market controls won't halt a decline in the rupee because slowing economic growth and accelerating inflation will deter foreign investors, according to Lehman ...
30 May 2008 19:29

30 May 2008 19:25

India Inflation Accelerates to Highest in 3 1/2 Years (Update2) : India's inflation accelerated at the fastest pace in more than 3 1/2 years, maintaining pressure on the government to do more to tame prices which threatens economic growth. Bonds fell. ...

Rupee Gains as India Eases Debt Rules, Growth Beats Forecasts : India's rupee snapped five weeks of losses after the government eased rules for companies borrowing overseas, encouraging more capital inflows. The rupee rose to the highest in more than two weeks after a government report showed the economy expanded faster than economists expected in the three months through March. The government ...
30 May 2008 19:12

JPMorgan Lowers Forecasts for Indian Rupee, Predicts Decline : JPMorgan Chase & Co. lowered its forecasts for the Indian rupee, predicting the currency will decline this year as rising crude oil prices double the nation's current-account deficit. ...
27 May 2008 19:59

Firstsource Shares Gain on Report of Warburg Interest (Update2) : Firstsource Solutions Ltd., the back- office services provider controlled by ICICI Bank Ltd., gained the most in almost one week in Mumbai trading after the Economic Times reported ...
27 May 2008 19:49

Indian Stocks Advance; Reliance Communications, Larsen Gain : India's Sensitive Index climbed to its highest in a week. Reliance Communications Ltd. gained on a report that its tower unit has securing approval from the capital markets regulator to sell ...
15 May 2008 13:38

07 May 2008 13:42

India's Boom Raises Prudential ICICI Stake in Larsen (Update1) : Larsen & Toubro Ltd.'s 25 percent share slide this year is luring investors searching for cheap ways to invest in the $1 trillion that Asia's third-largest economy plans to spend this ...

India Asks Steel Mills to Lower Prices; Shares Fall (Update1) : India asked Steel Authority of India Ltd. and other steelmakers to reduce prices for a second time since April as it intensifies measures to cool inflation that's at its highest in more ...
07 May 2008 13:27

DLF Posts 4th-Quarter Profit on India Property Demand (Update2) : DLF Ltd., India's biggest developer, reported a fourth-quarter profit of 21.8 billion rupees ($538 million) as demand rose for houses, offices and hotels in the world's second-fastest-growing major economy. ...
30 Apr 2008 22:32

30 Apr 2008 14:15

Housing Development Profit Climbs 40% on Stake Sale (Update1) : Housing Development Finance Corp., the Indian mortgage lender partly owned by Citigroup Inc., reported fourth-quarter profit rose 40 percent following the sale of a stake in its general ...

29 Apr 2008 13:02

Reliance Power to Spend $650 Million in Indonesia (Update1) : Reliance Power Ltd., the energy company controlled by billionaire Anil Ambani, plans to invest $650 million to develop an Indonesian coal mine to ensure supplies as prices rise to a record. ...

Indian Bonds Rally Most in 16 Months; RBI Keeps Rates Unchanged : India's benchmark bonds rallied the most in 16 months as the central bank refrained from raising interest rates and said growth prospects for the economy have been ``trimmed.'' ...
29 Apr 2008 12:45

23 Apr 2008 12:08

India's Rice, Wheat Crops Reduced by Rats, Wastage (Update2) : India's record rice and wheat harvests may not be enough to ensure food security in the world's second-most populous nation because about 10 percent of the crop is lost to pests or rots in ...

India Stocks Fall for 1st Time in 7 Days; Steelmakers Lead Drop : India's Sensitive Index fell for the first time in seven days, paced by steelmakers after Prime Minister Manmohan Singh requested a freeze on prices of the alloy for as long as three ...
23 Apr 2008 11:59

08 Apr 2008 11:58

JSW Steel Seeks Price Rise, Countering Inflation Push (Update1) : JSW Steel Ltd., forced by India's government to lower prices last week, needs to raise charges by about 20 percent as record-high raw material costs erode earnings, its finance director ...

Orchid Chemicals Rises; Stake Sale Drives Takeover Speculation : Orchid Chemicals & Pharmaceuticals Ltd. surged as much as 12 percent in Mumbai trading after the Times of India reported an affiliate of Ranbaxy Laboratories Ltd., India's biggest ...
08 Apr 2008 11:52

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State Bank's Bhatt Sees Less Profit From India Loans (Update2)
30 Jun 2008

Rupee Has Worst Quarter in Decade as Stocks Decline, Oil Rises
30 Jun 2008

30 Jun 2008

BHP, BP, Reliance Bid for Fewer Oil Areas in India (Update3)

30 Jun 2008

Sri Lanka's GDP Growth Slows as Prices Curb Spending (Update1)

30 Jun 2008

India, Resisting Calls for Carbon Cut, Plans Climate `Missions'

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