India
India is joining China as an engine of growth for the Global economy. Expect to read more articles relating to India as a significant driver of global trade.
April 24, 2011 - Indian Stocks Rally for Third Day; Lenders, Metal Shares Gain - Indian stocks advanced for a third day, led by lenders and metal companies, amid expectation their earnings growth will be robust.
April 17, 2011 - Indian Equities Decline Most in a Month as Inflation Accelerates - India’s stocks dropped the most in a month as inflation quickened, increasing pressure for higher interest rates, and as earnings of Infosys Technologies Ltd. (INFO) missed analyst estimates.
April 10, 2011 - India Stocks: GVK Power, Hindustan Zinc, Shilpi Cable, Suzlon - The Bombay Stock Exchange Sensitive Index, or Sensex, declined 139.73, or 0.7 percent, to 19,451.45. The benchmark gained 0.2 percent this week, its third straight week of advance. The BSE 200 Index retreated 0.9 percent to 2,402.67. The gauge advanced 0.7 percent this week.
April 1, 2011 - Indian Stocks Snaps Eight-Day Rally; Climbs for the Second Week - India’s benchmark stock index fell, ending an eight-day rally, on concern higher energy prices will fan inflation.
March 31, 2011 - India’s Sensex Gains for Eighth Day, Narrows Quarterly Decline - Indian equities climbed for an eighth day, paring a quarterly loss, as overseas funds bought the nation’s stocks for the sixth straight day and a U.S. jobs report increased confidence in the world’s largest economy.
March 30, 2011 - India’s Sensex Rises for a Seventh Day on Crude, Regional Gains - India’s benchmark index advanced for a seventh day, the longest-winning streak since September, as oil fell and speculation the economic recovery in the U.S. will boost earnings spurred gains in Asian equities.
March 29, 2011 - India’s Sensex Rallies for a Sixth Day as Crude Extends Decline - Indian stocks climbed for a sixth straight day, extending the biggest weekly rally in 20 months, as a decline in oil prices for a fourth day allayed concerns energy costs will fan inflation.
March 28, 2011 - India Equity: Larsen & Toubro, Marico, State Bank, Tata Motors - The Bombay Stock Exchange Sensitive Index, or Sensex, climbed 44.5, or 0.2 percent, to 18,860.1. The BSE 200 Index was also little changed at 2,317.83.
March 25, 2011 - Infosys Helps India's Sensex to Biggest Weekly Advance in 20 Months - Indian stocks rallied, with the benchmark index posting its biggest weekly gain in 20 months, as speculation that global economic recovery will be sustained spurred gains in equities across Asia. Software makers jumped.
March 24, 2011 - India’s Sensex Gains for Third Day on Crude; Tata Motors Leads - Indian stocks climbed for a third day as a decline in oil prices eased concerns of inflationary pressures.
March 23, 2011 - India’s Stocks Gain for the Second Day; ICICI, Jaiprakash Rise - India’s stocks gained for a second day on expectations the nation’s economic expansion and company profits will withstand shocks from higher crude oil prices.
March 22, 2011 - Indian Stocks Advance, Ending Three-Day Drop; Maruti Leads Gain - Indian stocks gained for the first time in four days as risks to the global economic recovery receded after Japan made progress in averting a nuclear crisis.
March 21, 2011 - India Equity Movers: Cairn, Gujarat Gas, Madhucon, Ranbaxy -
March 20, 2011 - Indian Stocks Drop Most in Asia; Reliance Slides on Report Output May Fall - Indian stocks declined, with the benchmark index dropping for a second week, as surging oil prices raised concerns about faster inflation and higher interest rates.
March 15, 2011 - Sensex Sinks as Japan Nuclear Leak Risk Spooks Investors; Tata Power Drops - India’s benchmark stock index fell the most in a week as investors withdrew from riskier assets as Japan said the danger of further leaks from a nuclear plant damaged by the nation’s biggest earthquake was increasing.
March 11. 2011 - India’s Production Growth Accelerates, Giving Scope for Key Rate Increase - India’s industrial output grew more than analysts expected in January, supporting economic growth and giving the central bank scope to increase interest rates and fight inflation.
March 10, 2011 - India’s Stocks Fall for First Time in Three Days; ICICI Declines - India’s benchmark stock index fell for the first time in three days amid concern higher crude oil prices will fan inflation and slow economic expansion.
March 9, 2011 - Indian Stocks Rise for Second Day; Reliance Communications Gains - Indian stocks rose for the second day as oil prices fell and Prime Minister Manmohan Singh’s ruling party and its ally resolved a dispute.
March 8, 2011 - Indian Stocks Rise as Oil Falls, Singh’s Ally Delays Withdrawal - India’s stocks rose the most in a week as oil prices declined and a partner in Prime Minister Manmohan Singh’s government delayed a decision to withdraw from the coalition.
March 7, 2011 - Sensex Index Retreats as Oil Rallies, Coalition Partner Threatens to Quit - India’s benchmark stock index fell the most in a week as an oil-price rally stoked inflation concerns and an ally of Prime Minister Manmohan Singh vowed to pull out of his ruling coalition.
March 4, 2011 - Most Sensex Stocks Fall, Trimming Benchmark's Best Week Since November - Most Indian stocks dropped, paring the weekly advance on the benchmark index amid concern the recent rally may have been overdone.
March 3, 2011 - India’s Sensex Index Gains as Oil Falls, Food Inflation Slows - India’s benchmark stock index rose to its highest level in two weeks as food inflation slowed and the price of oil retreated from the highest close in 29 months.
March 2, 2011 - Bank holiday
March 1, 2011 - India’s Sensex Index Rises Most in 21 Months After Budget Plan - India’s stocks rose the most in 21 months after the government unveiled its annual spending plan, pledging to trim the deficit and curb inflation.
February 28, 2011 - Indian Stocks Gain as Mukherjee Presents Budget; Larsen Advances - India’s stocks rose as the government pledged to boost spending on infrastructure projects and give the nation’s poorest cash to buy fuel to shield them from inflation.
February 25, 2011 - Sensex Rises, Trims Weekly Decline as Government Flags Inflation Concern - India’s benchmark stock index rose, paring a weekly loss. Most stocks fell as the government said inflation is a “dominant concern.”
February 24, 201 - India's Sensex Falls Most Since November 2009 on Inflation, Oil Concerns - India’s benchmark stock index tumbled the most in more than 15 months as food-price gains accelerated and surging oil prices stoked concern inflation will lead to higher interest rates.
February 23, 2011 - India Sensex Index Drops to One-Week Low; State Bank Leads Fall - Indian stocks dropped to a one-week low, led by lenders, after the central bank said an adviser favored higher interest rates.
February 22, 2011 - India’s Sensex Index Drops as Libyan Conflict Spurs Oil Prices - Indian stocks dropped on concern surging oil prices amid instability in the Middle East and North Africa will fan inflation and prompt further increases in interest rates in the South Asian nation.
February 21, 2011 - India’s Sensex Extends Last Week’s Rally as Wipro, ONGC Advance - India’s stocks advanced, with the benchmark index extending its biggest weekly rally since December, after Credit Suisse Group AG upgraded Wipro Ltd. and higher oil prices boosted producers.
February 18, 2011 - India Sensex Declines First Time in Six Days, Trims Weekly Gain - Indian stocks declined, snapping a five-day advance on the benchmark index and paring the weekly gain, amid concern the recent rally may have outpaced the outlook for earnings growth.
February 17, 2011 - India Stocks Rise for Fifth Day; Housing Development Leads Gains - Indian stocks rose, completing their longest winning streak in five months, after a report showed food inflation slowed to a two-month low, fanning speculation policy makers are curbing the pace of price increases.
February 16, 2011 - Indian Sensex Gains for a Fourth Day; Tata Steel Rises on Profit - India’s benchmark stock index rose for the fourth day, led by steel producers, on prospects of higher demand in Asia’s second-fastest growing major economy, and as Tata Steel Ltd. posted profit that more than doubled.
February 15, 2011 - Indian Stocks Advance for Third Day; State Bank Shares Gain - India’s stocks climbed for the third day after an official said inflation may ease and as a newspaper reported the government agreed to opposition demands for a cross-party probe into the sale of mobile-phone licenses.
February 14, 2011 - India’s Stocks Gain the Most in Nine Months, Led by Tata Motors - India’s stocks rose the most in nine months as Egyptian President Hosni Mubarak resigned, bolstering confidence in emerging markets and easing concern that higher oil prices will stoke inflation.
February 11, 2011 - India’s Industrial Output Growth Slows to 20-Month Low - India’s industrial output grew at the weakest pace in 20 months, adding to concern the economy may slow after the steepest interest-rate increases in Asia.
February 10, 2011 - Indian Stocks Slump to Seven-Month Low on Policy Speculation - Indian stocks fell for a third day, dragging the benchmark index to a seven-month low, amid concern policy makers will take more steps to curb inflation.
February 9, 2011 - India Sensex Slides to Seven-Month Low Amid GDP Growth Concern - India’s benchmark stock index sank to a seven-month low as investigators widened a corruption probe and Credit Suisse Group AG said investor confidence may be dented by concerns that economic growth will slow.
February 8, 2011 - India Sensex Drops to Six-Month Low; Hero Honda, Mahindra Fall - Indian stocks fell, with the benchmark index poised for its lowest close in more than six months, amid concern rising costs will hurt company profits.
February 7, 2011 - India’s Sensex Index Advances; Hero Honda, Infosys Lead Gains - Indian stocks advanced after a government report forecast the economy will expand at the fastest pace in three years. The Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 29.04, or 0.2 percent, to 18,037.19 at the 3:30 p.m. close in Mumbai.
February 4, 2011 - Indian Stocks Sink as Singh Says Inflation Is a ‘Serious Threat’ - India’s stocks tumbled, with the benchmark index plunging to its lowest level since August, after Prime Minister Manmohan Singh said inflation poses a “serious threat” to the nation’s growth momentum.
February 3, 2011 - Indian Stocks: Ashok Leyland, Simplex Infra, Voltas, Wockhardt - India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 358.69, or 2 percent, to 18,449.3.
February 2, 2011 - India’s Sensex Gains for First Day in Six, Reliance, Bharti Lead - Indian stocks rose, with the benchmark index gaining for the first time in six days, as Reliance Industries Ltd. climbed after its fuel exports surged and Bharti Airtel Ltd. advanced as earnings beat some estimates.
February 1, 2011 - Asian Stocks Advance for First Time in Three Days on Earnings, Crude, U.S. - India’s Sensitive Index lost 1.7 percent in its fifth day of declines.
January 31, 2011 - India’s Sensex Posts Worst Month Since 2008 on Inflation Concern - Indian stocks sank for a fourth day, with the benchmark index completing its worst month since 2008, amid concern rising raw-material prices will pare the nation’s corporate earnings.
January 28, 2011 - India’s Sensex Index Set for Worst Monthly Decline Since 2008 - Indian stocks declined for a third straight day, with the benchmark index on course for the biggest monthly drop since 2008, as lower-than-estimated earnings from JSW Steel Ltd. fueled concern rising prices will crimp profits.
January 27, 2011 - Stocks in India Fall a Second Day After Central Bank Raises Interest Rate - India’s benchmark stock index fell for a second day after central bank Governor Duvvuri Subbarao increased interest rates for the seventh time since March and boosted his inflation forecast.
January 26, 2011 - Indian Sensex Extends Gain as Interest Rate Rise Meets Forecast - India’s benchmark stock index extended gains after the central bank raised interest rates in line with economists’ forecasts.
January 25, 2011 - Indian Sensex Extends Gain as Interest Rate Rise Meets Forecast - India’s benchmark stock index extended gains after the central bank raised interest rates in line with economists’ forecasts.
January 24, 2011 - Sensex May Rise 10% by December, Deutsche Bank Says (Update1) - India’s stock market, the worst performer among the world’s 20 biggest this year, may rise 10 percent by December on “resilient” domestic spending and an improving global economy, according to Deutsche Bank AG.
January 21, 2011 - India’s Sensex Index Falls After Wipro’s Profit Misses Estimate - Indian stocks fell, paring the weekly gain on the benchmark index. Wipro Ltd. led the drop after reporting quarterly sales that missed analysts’ estimates.
January 20, 2011 - Sensitive Index Rebounds, as ICICI Bank, HDFC Bank Leads Rally for Lenders - India’s stocks rose, led by banking shares amid speculation recent declines prompted by concern over inflation may have been excessive.
January 19, 2011 - Indian Stocks Retreat on Concern Foreign Selloff Will Continue - India’s benchmark stock index, the world’s worst performer after Tunisia this year, fell on concern overseas funds will continue a selloff after a rally made the gauge the most expensive in the 10 biggest markets.
January 12, 2011 - India’s Sensex Falls As Factory Output Slows More Than Predicted - India’s benchmark stock index dropped after a government report showed industrial production slowed more than economists’ predicted in November. Tata Steel Ltd., the nation’s biggest producer of the alloy, retreated 2.5 percent. The Bombay Stock Exchange’s Sensitive Index, or Sensex, lost 0.3 percent to 19,143.49 as of 10:59 a.m. in Mumbai. It earlier rose as much as 1 percent.
January 11, 2011 - India’s Sensex Has Longest Losing Streak in a Year on Inflation - India’s benchmark stock index dropped for the sixth day, its longest-losing streak in a year, amid concern rising commodity prices may increase costs and affect earnings of local companies.
January 10, 2011 - India’s Sensex Has Longest Slide Since May as Inflation Quickens - India’s stocks fell for a fifth day, with the benchmark index completing its longest losing streak in eight months, amid concern rising prices will prompt the central bank to tighten monetary policy this month.
January 7, 2011 - Indian Equities: APW President, Jindal Poly Films, Axis Bank - India’s Bombay Stock Exchange Sensitive Index, or Sensex, dropped 492.92, or 2.4 percent, to 19,691.81, the most since May, at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
January 6, 2011 - India’s Sensex Falls to One-Week Low as IMF Says Rates May Rise - India’s benchmark stock index fell for a third day to its lowest level in a week after the International Monetary Fund said the nation’s central bank may have to keep raising interest rates to combat inflation.
january 5, 2011 - Indian Stocks: HDFC, Jindal Saw, Nelcast, Religare Enterprises - India’s Bombay Stock Exchange Sensitive Index, or Sensex, fell 197.62, or 1 percent, to 20,301.10 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
January 4, 2011 - Indian Stocks Drop for First Time in Five Days; Banks Decline - India’s stocks fell for the first time in five days, with the benchmark index sliding the most in more than two weeks. Banks declined amid concern a shortage of cash may limit lending growth.
January 3, 2011 - India’s Sensex Index Climbs to Seven-Week High; Sterlite Gains - Indian equities advanced as investors speculated that last year’s best performing stock index among the world’s 10 biggest markets can sustain its rally. Carmakers and metal producers led gains.
December 31, 2010 - Sensex Rises for Second Year, Is Best Performer Among 10 Largest Markets - Indian stocks rose for a second year, making the benchmark index the best performer among the world’s 10 biggest equity markets as the nation’s economic growth lured record foreign funds
December 31, 2010 - Indian Equities: National Aluminium, Hindustan Copper, Jayaswal - India’s Bombay Stock Exchange Sensitive Index, or Sensex, rose 120.02, or 0.6 percent, to 20,509.09 at the 3:30 p.m. close in Mumbai, making it the best performer among the world’s 10 biggest equity markets this year. The gauge climbed 2.2 percent this week
December 30, 2010 - Indian Equities: ABG Infralogistics, Gujarat NRE, Punjab & Sind - The Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 133.04, or 0.7 percent, to 20,389.07 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves in Indian trading and stock symbols are in parentheses.
December 29, 2010 - Indian Equities: Aban Offshore, Gitanjali Gems, MindTree, Navin - India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 230.61, or 1.2 percent, to 20,256.03 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves. Stock symbols are in parentheses.
December 28, 2010 - Indian Equities: Asian Hotels, GHCL, KPIT Cummins Infosystems - The Bombay Stock Exchange’s Sensitive Index, or Sensex, was little changed at 20,025.42 at the 3:30 p.m. close of trading in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses
December 27, 2010 - Sensitive Index Drops; Reliance Communications, Bharti Airtel Lead Decline - India’s benchmark stock index fell, led by telecommunications companies as investors sold after recent gains.
December 24, 2010 - Sensex Gains, Snapping Two-Day Loss, as Metal Stocks Lead Rally - Indian stocks rose for the first time in three days, driving the benchmark index higher for a second week. Commodities producers led the advance amid expectation demand will increase.
December 23, 2010 - India’s Sensex Fluctuates; Sterlite Gains as Hero Honda Falls - India’s benchmark stock index fluctuated. Sterlite Industries (India) Ltd. climbed while Hero Honda Motors Ltd. dropped.
December 22, 2010 - Indian Stocks Fall First Time in Four Days; Maruti Leads Decline - Indian stocks fell, snapping a three-day rally that took the benchmark index to a five-week high, amid concern higher commodity prices will increase companies costs.
December 21, 2010 - India’s Sensex Index Climbs; JSW Steel Advances on Purchase Plan - Indian stocks rose for a third day, as companies from JSW Steel Ltd. to Lanco Infratech Ltd. announced expansion plans that may boost profitability.
December 20, 2010 - Rupee Futures Beat Stock Trading Growth in `Thriller' Market: India Credit - India’s two-year-old market for currency futures is growing faster than that for stocks after attracting individual investors with transaction costs that are almost 50 percent lower.
December 20, 2010 - Indian Equities: Hero Honda, Ispat Industries, SKS Microfinance - India’s Bombay Stock Exchange’s Sensitive Index, or Sensex, rose 24.03, or 0.1 percent, to 19,888.88 at the 3:30 p.m. close in Mumbai. Shares of the following companies had unusual moves and stock symbols are in parentheses.
December 17, 2010 - India’s Sensex Index Gains as Central Bank Keeps Rate Unchanged - India’s benchmark stock index rose after the nation’s central bank kept its benchmark interest rate unchanged.
December 16, 2010 - India’s Sensex Gains Most in Asia as Central Bank Injects Funds - India’s benchmark stock index rose the most in Asia as the nation’s central bank kept benchmark interest rates unchanged after six increases this year and said it would inject cash to ease a liquidity crunch among banks.
December 15, 2010 - India’s Sensex Falls for First Time in Four Days; Banks Decline - India’s benchmark stock index fell for the first time in four days as some investors speculated the central bank will signal it may raise interest rates more than expected in coming months
December 14, 2010 - Indian Sensex Index Advances as Inflation Slows; Sterlite Gains - India’s benchmark stock index advanced as inflation slowed to an 11-month low, giving the central bank scope this week to pause Asia’s fastest round of interest-rate increases.
December 13, 2010 - India’s Stocks Rise for Second Day; Housing Development Gains - India’s benchmark stock index rose for a second day as investors judged recent declines in some stocks as overdone relative to their earnings outlook.
December 10, 2010 - India’s Sensex Gains as Factory Output Climbs, Pares Weekly Loss - India’s benchmark stock index rose for the first time in four days, paring its weekly slide, as some investors judged recent losses as excessive after industrial production grew faster than economists’ estimated.
December 9, 2010 - Sensitive Index Slides as Investors Flee Risk Amid Graft Investigations - India’s benchmark index fell the most in six months as investors fled riskier assets amid speculation a series of graft probes will be widened.
December 8, 2010 - India’s Sensex Index Declines; Reliance Communications Drops - Indian stocks fell, driving the benchmark index to its lowest level in a week, as federal investigators searched homes of a former telecommunications minister.
December 7, 2010 - India’s Sensex Index Declines; State Bank, ICICI Bank Retreat - India’s benchmark stock index fell. Lenders led declines amid concern that competition for funds will increase costs and lower loan profitability.
December 6, 2010 - India’s Sensex Snaps Four-Day Winning Streak; Posts Weekly Gain - India’s benchmark stock index fell for the first time in five days, trimming the largest weekly advance in a month, as some investors judged recent gains exceeded the outlook for earnings growth.
December 3, 2010 - India’s Sensex Snaps Four-Day Winning Streak; Posts Weekly Gain - India’s benchmark stock index fell for the first time in five days, trimming the largest weekly advance in a month, as some investors judged recent gains exceeded the outlook for earnings growth.
December 2, 2010 - India’s Sensex Index Surges for the Fourth Day; ONGC Jumps - India’s stocks rose for the fourth day, taking the benchmark index to its highest level in more than two weeks, amid expectations a strengthening global economic recovery will boost local earnings.
December 1, 2010 - India’s Sensex Index Climbs for Third Day on Growth, Car Sales - Indian stocks rose for a third day, taking the benchmark index to its highest level in more than a week, amid expectations domestic spending will boost earnings.
November 30, 2010 - India Economy Grows More Than 8% for Third Quarter, Stoking Inflation Risk - India’s economy grew more than economists estimated last quarter, adding to evidence of a strengthening in domestic demand that’s stoked inflation by placing strains on the nation’s transport and power systems.
November 30, 2010 - India’s Sensex Index Advances as Economic Growth Beats Estimates - India’s stocks climbed for a second day, paring the monthly loss on the benchmark index, as the nation’s economic growth beat estimates.
November 29, 2010 - Sensitive Index Snaps Four-Day Slide; Reliance, Ranbaxy Lead the Advance - India’s stocks rose as some investors judged a four-day slide in the benchmark index amid corruption probes as excessive relative to the outlook for the nation’s economic growth.
November 26, 2010 - India Stock Slide Sparked by Panic, Margin Calls, Prabhudas Says - Apurva Shah, head of research at Prabhudas Lilladher Pvt., a Mumbai-based brokerage, comments on today’s decline in India’s stock markets. He spoke in a phone interview.
November 25, 2010 - Indian Stocks Slide to Lowest Level in Two Months, Led by DLF - India’s benchmark stock index fell to its lowest level in more than two months. DLF Ltd. led a decline in property stocks after Ambit Capital Pvt. said the companies may face higher borrowing costs.
November 24, 2010 - India's Sensitive Index Declines as Investors Flee Risk; Bharti Slides - India’s benchmark stock index slid as an artillery exchange between North and South Korea prompted investors to flee riskier assets amid investor concern global economic growth may falter.
November 23, 2010 - India's Sensitive Index Declines as Investors Flee Risk; Bharti Slides - India’s benchmark stock index slid as an artillery exchange between North and South Korea prompted investors to flee riskier assets amid investor concern global economic growth may falter.
November 22, 2010 - Indian Equities: Amtek, Murli, Reliance Industries, Tata Power - India’s Bombay Stock Exchange Sensitive Index, or Sensex, rose 372.15, or 1.9 percent, to 19,957.59 as of the 3:30 p.m. close in Mumbai, its biggest gain since Nov. 4.
November 19, 2010 - India’s Stocks Drop for Second Week, Sensex at Two-Month Low - Indian stock fell, with the benchmark index set for a second week of declines to its lowest level in two months, as the government faced censure over the handling of phone licenses.
November 18, 2010 - India’s Sensex Index Advances; Sterlite, Hero Honda Lead Gains - India’s benchmark stock index rose, rebounding from its steepest drop in five months. Sterlite Industries (India) Ltd. led gains after metal prices climbed.
November 17, 2010 - Sensex holiday - Idu’l Zuha (Bakrid)
November 16, 2010 - Sensex Index Falls as Investors Flee Risk; HDFC Bank, Sterlite Lead Drop - India’s benchmark stock index dropped the most in more than five months amid speculation central banks may raise borrowing costs to cool inflation, restricting cash available for equities.
November 15, 2010 - Rupee Declines to Seven-Week Low After India's Industrial Output Moderates - India’s rupee fell to its weakest level in more than seven weeks on concern inflows of funds into the nation’s assets will moderate after the government reported the slowest growth in industrial production in 16 months.
November 15, 2010 - Sensex Rises First Time in Four Days; Tata Steel, State Bank Lead Gains - India’s benchmark stock index gained for the first time in four days. Tata Steel Ltd. gained after the nation’s biggest producer of the alloy returned to profit in the second quarter.
November 12, 2010 - Sensitive Index Slides As Factory Output Slows; Hindalco, Mahindra Drop - India’s benchmark stock index dropped the most in five months as growth in the nation’s industrial production unexpectedly slowed to a 16-month low.
November 11, 2010 - DLF Falls in Mumbai After Earnings Miss Estimates, Bharti Profit Declines - India’s benchmark stock index fell the most in four weeks, led by DLF Ltd. after its earnings missed analysts’ estimates and Bharti Airtel Ltd., which retreated for a second day as profit dropped.
November 10, 2010 - Sensitive Index Falls; Bharti, Hindalco Decline as Earnings Miss Estimates - India’s benchmark stock index declined. Bharti Airtel Ltd. and Hindalco Industries Ltd. led the drop after posting quarterly earnings that fell short of analyst estimates.
November 9, 2010 - Sensitive Index Advances; Bharti Airtel, HDFC Bank Shares Lead the Gain - India’s stocks rose, led by Bharti Airtel Ltd. amid expectations the nation’s economic growth will boost corporate profits.
November 8, 2010 - Sensex Index Falls From Record on Valuation Concerns; Financials Lead Drop - India’s benchmark stock index fell from a record amid concern the rally that made the shares Asia’s most expensive was excessive in relation to the outlook for corporate earnings.
November 5, 2010 - Stocks Surge to Record as India's Growth, Consumption Draw Foreign Inflows - Indian stocks climbed, driving the benchmark index to a record close, as foreign buying of the equities surged to an all-time high on the expectation consumer spending will boost corporate earnings.
November 4, 2010 - India's Benchmark Stocks Index Closes at Record High on Foreign Investment - Indian stocks climbed, driving the benchmark index to a record close, as foreign buying of the equities surged to an all-time high on the expectation consumer spending will boost corporate earnings.
November 4, 2010 - Rupee Climbs as Fed's Easing Boosts Yield Appeal of Emerging-Market Assets - India’s rupee rose for a third day, its longest winning streak in three weeks, after the Federal Reserve’s decision to ease monetary policy boosted the appeal of higher-yielding emerging-market assets
November 3, 2010 -Sensitive Index Climbs as Earnings Improve India's Economic Growth Outlook - India’s stock rose, with the benchmark index set for a three-week high, as improved corporate earnings boosted the outlook for economic growth amid surging inflows from overseas funds.
November 2, 2010 - Sensitive Index Closes Lower After India Raises Interest Rates Sixth Time - India’s benchmark stock index fell, halting a two-day advance, after the central bank raised interest rates for a sixth time this year to combat inflation and tightened home-loan rules to slow a property-market rally.
November 1, 2010 - Sensitive Index Rises After Reliance Second-Quarter Profit Beats Estimates - India’s stocks rose for a second day, with the benchmark index set for a two-week high, as surging corporate earnings boosted the outlook for economic growth.
November 1, 2010 - Rupee Retreats From One-Week High on Speculation Importers Bought Dollar - India’s rupee retreated from a one- week high on speculation importers took the opportunity to buy dollars at a more favorable exchange rate.
October 29, 2010 - Sensitive Index Rises, Erasing Losses, as ICICI Bank Surges After Earnings - India’s Sensitive Index erased earlier losses. The Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 0.3 percent to 20011.03 as of 3:04 p.m. in Mumbai. ICICI Bank Ltd., the second-biggest lender, surged 6 percent.
October 29, 2010 - Rupee Lures UBS as Currency Reserves Reaching $300 Billion: India Credit - India is poised to join China, Japan and Taiwan with foreign-exchange reserves exceeding $300 billion, helping the rupee toward its best two-month gain since the period to May 2009.
October 27, 2010 - Sensex Declines for Second Day as NTPC, Tech Mahindra Post Lower Earnings - Indian stocks fell, driving the benchmark index to a one-week low, as financial reports by companies including NTPC Ltd. and Asian Paints Ltd. prompted concern profit growth will slow.
October 26, 2010 - Hindustan Unilever, Sensex Drop as Mukherjee Sees Fragile Global Recovery - India’s benchmark stock index fell as Finance Minister Pranab Mukherjee said the global economic recovery is fragile and expressed concern about inflation.
October 26, 2010 - Convertible Bonds Beating Sensex With Biggest Gains in Asia: India Credit - Indian convertible bonds, Asia’s best performers, are beating local stocks and corporate and government securities this year on rising speculation borrowers will repay debt as the economy accelerates.
October 25, 2010 - Sensex Climbs, Led by Dr. Reddy's, Tata Motors, as Record Inflows Surge - India’s stock rose, driving the benchmark index to its highest in more than a week, as foreign investors increased holdings of local shares amid expectations a growing economy will boost corporate earnings.
October 22, 2010 - Rupee Declines Most This Week in Two Months as Importers Demand Dollars - India’s rupee declined this week by the most in two months on speculation importers were buying dollars to meet month-end oil payments and to take advantage of a slump in gold prices
October 22, 2010 - Sensex Stock Index Declines in Mumbai, Led by Sterlite Industries, Wipro - India’s stocks fell, paring a weekly gain, after mixed quarterly earnings reports weakened confidence in the nation’s economic recovery.
October 21, 2010 - India's Stocks Post Asia's Biggest Gain as Outlook For Earnings Improves - India’s stocks rose the most in a week, posting the biggest gain in Asia. Tata Consultancy Services Ltd. and the nation’s biggest software developers led gains on optimism corporate earnings are rebounding.
October 20, 2010 - Sensex Fluctuates; Sterlite, Commodity Producers Drop as China Hikes Rates - Indian stocks fluctuated. Raw material producers dropped after China unexpectedly raised its lending and deposit rates, prompting concern the global economic recovery may slow. Tata Power Co. gained.
October 19, 2010 - Infosys Leads Decline In India's Software Exporters as Sensex Index Slides - India’s benchmark stock index fell to the lowest level in three weeks, led by software exporters after International Business Machines Corp. reported a drop in new contracts.
October 18, 2010 - Rupee Bond Yields Are Poised to Rise Above Inflation - Yields on India’s 10-year government bonds are poised to rise above the inflation rate for the first time since January as the central bank tames prices.
October 18, 2010 - Sensex Index Rises for First Day in Three; Larsen Gains After Earnings - India’s stocks rose, reversing a two-day drop, led by Larsen & Toubro Ltd. after its second- quarter profit beat analysts’ estimates.
October 15, 2010 - Sensex Index Falls as India's Central Bank Signals Currency Intervention - India’s stocks fell, led by Infosys Technologies Ltd. after its earnings report and as the central bank indicated it may intervene to limit currency gains, prompting concern it may slow record foreign fund inflows.
October 15, 2010 - Inflation Unexpectedly Quickens to 8.62%, Adding to Interest Rate Pressure - http://www.bloomberg.com/news/2010-10-15/india-s-inflation-unexpectedly-quickens-increasing-interest-rate-pressure.html
October 14, 2010 - Sensitive Index Declines From Close to Record Level on Valuation Concerns - India’s benchmark stock index fell from close to a record high as some investors judged the recent rally has surpassed the outlook for earnings.
October 13, 2010 - Sensitive Index Surges on Foreign Inflows; Maruti, Wipro Shares Advance - India’s stocks rose as foreign investors bought more shares than they sold for the 29th straight day after reports from China, Japan and Australia signaled that the global economic recovery is strengthening.
October 12, 2010 - Sensitive Index Declines as Factory Output Growth Slows; Larsen Leads Drop - India’s benchmark stock index fell after industrial production grew at a slower pace than economists’ estimated.
October 12, 2010 - Industrial Production Growth Slows to 5.6%, Less Than Analysts' Estimates - India’s industrial production growth slowed to a 15-month low in August, adding to evidence that inflation and the impact of five interest-rate increases this year are prompting companies to curb output.
October 11, 2010 - Rupee Approaches Two-Year High as Foreign Funds Buy Indian Stocks, Bonds - India’s rupee rose toward a two-year high on speculation overseas investors will pump more funds in to the nation’s assets as the economic outlook improves.
October 11, 2010 - Sensitive Index Climbs on Growth Outlook; Tata Motors, Sterlite Lead Gains - India’s stocks rose as investors judged the outlook for domestic consumption will remain robust, buoying company earnings. The Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 89.63, or 0.4 percent, to 20,339.89 as of the 3:30 p.m. close in Mumbai. The gauge has gained 27 percent from a May 25 low, approaching the record closing high of 20,873.33 on Jan. 8, 2008. The gauge is the best performer this year among the world’s 10 biggest stock markets. The measure climbed 12 percent last month, the most since May 2009.
October 8, 2010 - Sensex Index Falls for First Week in Six, Retreating From Near Record High - Indian stocks fell, with the benchmark index snapping five weeks of gains that have taken it close to a record high. The Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 60.92, or 0.3 percent, to 20,254.40, according to preliminary closing prices. The measure has declined 0.9 percent this week, ending its longest stretch of weekly gains since April.
October 7, 2010 - Software Exporters Decline, Bharti Advances as Sensitive Index Fluctuates - India’s stocks fluctuated. Exporters fell after a U.S. report raised concern about the global economic recovery. Consumer-related shares gained as the International Monetary Fund raised the nation’s growth outlook.
October 6, 2010 - Sensitive Index Approaches Record High; Jaiprakash, Hindalco Lead Advance - India’s stocks rose, with the benchmark index approaching a record high, as foreign investors bought more shares than they sold for a 24th straight day amid optimism the nation’s growth will boost corporate earnings.
October 5, 2010 - Housing Development Retreats as India Stocks Fall for First Time in 4 Days - India’s stocks fell for the first time in four days, led by lenders, amid concern recent gains may have outpaced the prospects for earnings.
October 5, 2010 - Rupee Falls as Higher Oil Price Boosts Import Costs - India’s rupee weakened for a second day, extending its retreat from a five-month high, on speculation the nation’s refiners stepped up dollar purchases to pay for costlier crude-oil imports.
October 4, 2010 - Indian Stocks Approach Record High on Earnings Optimism, Led by ICICI Bank - India’s stocks advanced, with the benchmark index approaching a record high, amid speculation an expanding economy will boost corporate earnings.
October 1, 2010 - India Insiders Selling Stocks at Fastest Pace Since Sensex Peak - India’s company executives are selling shares at the fastest pace since prices peaked 2 1/2 years ago, just as foreign investors pour record amounts of money into the best-performing major emerging market.
October 1, 2010 - Sensex Index Advances as Goldman Raises India's GDP Outlook; Maruti Climbs - India’s benchmark stock index rose, extending its longest stretch of weekly gains in five months, after Goldman Sachs Group Inc. raised the economic growth estimate, citing the benefits of a better-than-forecast monsoon.
September 30, 2010 - Sensitive Index Completes Record Stretch of Quarterly Gains on Fund Flows - India’s stocks rose, with the benchmark index completing its longest stretch of quarterly gains, as the nation’s economic growth and corporate earnings lured investors to increase their holdings to a record.
September 29, 2010 - Sensex Index Declines for Second Day as Sterlite Ruling Spooks Investors - Indian stocks fell the most in a month, led by Sterlite Industries (India) Ltd. after a court ordered its only smelter closed for breaching environment standards.
September 29, 2010 - India's Stocks Attract Record Inflows as Foreign Fund Managers Drive Rally - Indian stocks attracted a record 834.7 billion rupees ($18.5 billion) from foreign funds this year, driving a rally that made the nation’s equities index the best performer among the world’s 10 biggest markets.
September 28, 2010 - Hindalco Declines as India's Sensitive Index Falls For First Day in Three - Indian stocks fell for the first time in three days, led by metal producers, as raw material prices retreated amid concern the recent rally may be overdone.
September 27, 2010 - Rupee Rises to Four-Month High as Foreigners Step Up India Stock Purchases - India’s rupee climbed to its strongest level in more than four months after overseas investors stepped up purchases of local equities, seeking to profit from growth in Asia’s third-largest economy.
September 27, 2010 - Sensitive Index Climbs for Second Day; Tata Steel, Hindalco Shares Advance - India’s stocks rose for the second day as a government official said the nation’s economy will expand at the fastest annual pace in three years.
September 27, 2010 - Bills Yielding 26 Times Treasuries Beat Stocks, Bonds, Gold: India Credit - India’s money market rates at a two-year high are making the shortest-term debt investments more popular than stocks, bonds and gold amid a cash crunch at banks.
September 24, 2010 - Sensitive Index Climbs as Investors Seek Indian Haven for Economic Growth - Indian stocks advanced as investors judged the nation’s economic growth outlook provides a haven for equities after a drop in U.S. jobless rates damped the outlook for global expansion.
September 23, 2010 - Sensitive Index Falls for Second Day as Inflation Quickens; HDFC Retreats - India’s stocks declined for a second straight day as some investors judged recent gains may be overdone relative to company earnings outlooks.
September 23, 2010 - India Food Inflation Quickens to 6-Week High; Record Crops May Cool Prices - India’s food inflation rate climbed to a six-week high, a pace that may ease as above-normal rainfall this season boosts harvests. An index measuring wholesale prices of agricultural products including lentils, rice and vegetables compiled by the commerce ministry rose 15.46 percent in the week ended Sept. 11 from a year earlier
September 22, 2010 - Sensex Index Retreats from 2 1/2-Year High; Larsen, Tata Consultancy Fall - India’s stock declined, with the benchmark index retreating from its highest level in 2 1/2 years as some investors judged recent gains may be overdone.
September 21, 2010 - Sensex Index Breaches 20,000 as India's Economy Lures Foreign Investors - India’s stocks rose, with the benchmark index surpassing a key level for the first time in more than 2 1/2 years, as the economy’s expansion lures funds. he Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 94.90, or 0.5 percent, to 20,001.00, according to preliminary closing prices. The gauge surpassed 20,000 for the first time since January 2008 and has climbed 25 percent from its recent low on May 25.
September 20, 2010 - Sensex Index Advances to 34-Month High on India's Economic Growth Outlook - India’s benchmark stock index had its steepest weekly gain in 10 months as investors judged economic growth is robust enough to withstand higher borrowing costs.
September 18, 2010 - Asian Currencies Rise for a Third Week, Led by India's Rupee, on Inflows - Asian currencies strengthened for a third week, led by India’s rupee, as global investors pumped more funds into the world’s fastest-growing economies.
September 17, 2010 - Sensex Index Advances to 34-Month High on India's Economic Growth Outlook - India’s stocks rose, putting the benchmark index on course for its steepest weekly gain since November, as investors judged economic growth is robust enough to withstand higher borrowing costs.
September 16, 2010 - Sensex Index Ends Seven Days of Gains As India's Central Bank Raises Rates - India’s benchmark stock index fell, snapping seven days of gains, after the central bank raised borrowing costs more than expected. Exporters led the decline as the rupee appreciated against the dollar.The Bombay Stock Exchange’s Sensitive Index, or Sensex, fell 84.62, or 0.4 percent, to 19,417.49.
September 16, 2010 - India Raises Interest Rates a Fifth Time to Contain Inflation - The Reserve Bank of India increased interest rates for the fifth time this year and said its actions have brought the “monetary situation close to normal.” Governor Duvvuri Subbarao boosted the repurchase rate to 6 percent from 5.75 percent, and the reverse repurchase rate a half point to 5 percent
September 15, 2010 - Sensex Index Extends 2 1/2-Year High as GDP Growth May Exceed Estimates - India’s benchmark stock index climbed for a seventh day, extending a 2 1/2-year high, on speculation the central bank may say economic growth will be stronger than estimated. Mahindra & Mahindra Ltd., the nation’s biggest sport- utility vehicle and tractor maker, gained for a fifth day to its highest level in at least 19 years. Reliance Infrastructure Ltd., a power producer, rose 1.8 percent. India’s policy makers will tomorrow decide whether to raise interest rates for a fifth time this year as the economy expands and inflation slows. The Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 137.05, or 0.7 percent, to 19,484.01 at 2:09 p.m. in Mumbai, set for its highest close since Jan. 17, 2008
September 15, 2010 - India's Exports Accelerated in August, Putting Pressure on Interest Rates - India’s merchandise exports increased at a faster pace in August amid growing demand for the nation’s goods, sustaining pressure for higher interest rates to cool inflation. Overseas shipments rose 22.5 percent to $16.6 billion from a year earlier, Commerce Secretary Rahul Khullar told reporters in New Delhi today. Exports rose 13.2 percent in July, according to previously reported numbers. Imports totaled $29.7 billion in August and the trade deficit was $13.06 billion, Khullar said.
September 14, 2010 - Sensex Index Extends 2 1/2-Year High After Indian Stocks Enter Bull Market - India’s benchmark stock index rose for a sixth day, extending a 2 1/2-year high, as investors bought shares in companies most likely to benefit from a global economic recovery. The Bombay Stock Exchange’s Sensitive Index, or Sensex, gained 138.63, or 0.7 percent, to 19,346.96, its highest level since Jan. 17, 2008. The gauge, capping its longest string of gains three months, has rebounded by 21 percent from a May 25 low. The S&P CNX Nifty Index on the National Stock Exchange rose 0.6 percent to 5,795.55. The BSE 200 Index advanced 0.4 percent to 2,463.36.
September 14, 2010 - Inflation Cools to Slowest Pace in 7 Months After Food Prices Are Capped - India’s inflation rate fell to the lowest level since January as stronger rains boosted crop plantings, helping cap food-price increases. Bonds rose. The benchmark wholesale-price index rose 8.5 percent in August from a year earlier after July’s 9.8 percent gain, calculated using a new base year, the commerce ministry said in New Delhi today
September 13, 2010 - India's Benchmark Sensex Index Enters Bull Market as GDP Growth Quickens - India’s stocks rose, with the benchmark index entering a so-called bull market, after industrial output grew at a faster rate than expected, signaling robust economic expansion.
September 13, 2010 - Swaps Show Subbarao Rates Peak as India's Inflation Slows - The Reserve Bank of India, after raising interest rates 1.25 percentage points this year, is coming to the end of the most restrictive credit-tightening in Asia with inflation abating and companies signaling a peak in their short-term borrowing costs.
September 11, 2010 - ONGC, Indian Oil Share Sales May Raise $4.1 Billion for Indian Government - India may raise as much as 190 billion rupees ($4.1 billion) selling shares in Oil & Natural Gas Corp., the country’s biggest energy explorer, and Indian Oil Corp., to help cut its budget deficit. Indian Oil, the nation’s second-biggest refiner, may raise a further 100 billion rupees by selling fresh equity to help it fund a new crude oil processing plant it is building, Oil Secretary S. Sundareshan told reporters in Mumbai today.
September 10, 2010 - India’s Factory Output Rises, Adding to Rate Pressure - India’s industrial production exceeded forecasts in July, adding to the case for the central bank to raise interest rates again as soon as next week. Output at factories, utilities and mines rose 13.8 percent from a year earlier after a revised 5.8 percent increase in June, the statistics office said in a statement in New Delhi today. The jump surpassed all 24 forecasts in a Bloomberg News survey.
September 9, 2010 - Sensex Index Extends 2 1/2 Year High on Eve of India's Festive Spending - India’s benchmark stock index rose for a fourth day, extending a 2 1/2 year high, on the eve of a festive season that may see a surge in consumer spending.
September 9, 2010 - Food Inflation Quickens to Two-Year High of 11.47%, Spurring Rate Pressure - India’s food inflation accelerated to almost a two-month high, adding pressure on the central bank to raise interest rates next week.
September 3, 2010 - Stocks Advance in India on Growth Prospects, Sterlite, Infosys Lead Gains - Most Indian stocks climbed amid expectations local companies will benefit from strengthening economic growth. Sterlite Industries (India) Ltd., the nation’s biggest copper and zinc producer, gained for the third day as ore prices advanced after a slew of better-than-expected data from the U.S. and China fueled speculation the global economy is recovering. Infosys Technologies Ltd., a software exporter that gets two third of its sales from North America, gained 1.1 percent.
September 3, 2010 - India's Services Industry Expands at a Slower Pace in August, PMI Shows - India’s services industry growth cooled in August for a second month after climbing to a two-year high in June, a survey of purchasing executives showed. The HSBC Holdings Plc and Markit Economics purchasing managers’ index fell to 59.3 from 61.7 in July, according to an e-mailed report today. A reading above 50 indicates an expansion. The index was at 64 in June
September 2, 2010 - Sensitive Index Climbs to One-Week High as Corporate Tax Collections Rise - India’s benchmark stock index climbed to its highest in a week after Finance Minister Pranab Mukherjee said taxes paid by companies increased, fueling speculation earnings may rise.
September 1, 2010 - India's Top Auto Makers Post Strong August Sales - India's top auto makers Wednesday posted robust sales growth in August as new models, easy availability of low-cost loans and good monsoon rains helped lure customers to showrooms. Maruti Suzuki India Ltd. (532500.BY), Tata Motors Ltd. (TTM), Hero Honda Motors Ltd. (500182.BY), Mahindra & Mahindra Ltd. (500520.BY) and the Indian units of Hyundai Motor Co. (HYMLY), Ford Motor Co. (F), Toyota Motor Corp. (TM), General Motors Corp. (GM) and Nissan Motor Co. (NSANY) all posted higher sales for August. Tata Motors, India's largest auto maker by sales, reported a 32% rise in total vehicle sales to 65,938 autos, up from 49,810 vehicles a year earlier. Exports more than doubled to 5,157 vehicles.
August 29, 2010 - India's Economy Probably Expanded at Fastest Pace Since 2007 - India’s economy probably grew at the fastest pace in 2 1/2 years, adding pressure on the central bank to raise interest rates even as the global recovery falters. Gross domestic product rose 8.8 percent in the three months ended June 30 from a year earlier, according to the median of 27 forecasts in a Bloomberg News survey. The statistics office is scheduled to release the data tomorrow at 11 a.m. in New Delhi.
August 29, 2010 - Indian Commodity Bourse to Take Anil Ambani's Company as Anchor Investor - The India Commodity Exchange Ltd., founded by Indiabulls Financial Services Ltd., said it plans to take billionaire Anil Ambani’s company as an anchor investor.
August 29, 2010 - India's Inflation Slowing After Rate Increases, RBI Governor Subbarao Says - India’s economic growth is gathering strength and inflation is cooling because of monetary tightening and “improved supply position,” central bank Governor Duvvuri Subbarao said.
August 27, 2010 - Tata Power Said to Be in Talks to Buy Stake in Utility InterGen - Tata Power Co., the generating unit of India’s biggest industrial group, is in talks to buy a 50 percent stake in power utility InterGen NV, three people familiar with the discussions said. The company, based in Mumbai, is negotiating to acquire the stake from GMR Infrastructure Ltd., the people said, declining to be identified because the discussions are confidential. At least four companies are competing for the stake with China Huaneng Group the front-runner, one of the people said.
August 26, 2010 - India Risks Nuclear Isolation With Break From Chernobyl Accord - India’s push to end a three-decade ban on buying nuclear equipment from abroad may founder on laws passed by its own parliament.
August 25, 2010 - Ten-Year Bonds Fall for a Sixth Day Before Indian Debt Auctions This Week - India’s 10-year bonds fell for a sixth straight day, headed for the longest losing streak since February, before a sale of 200 billion rupees ($4.2 billion) of bonds and bills by the government this week.
August 24, 2010 - India's Central Bank Says Slowing the Inflation Rate Is its Main Priority - India’s central bank said controlling inflation is its top priority, a stance that may fuel speculation it will raise interest rates for the fifth time since mid-March.
August 23, 2010 - Mahindra & Mahindra, Jindal Steel, IL&FS Increase as Indian Stocks Advance - Most Indian stocks climbed, led by Mahindra & Mahindra Ltd. after it signed an initial agreement to acquire Ssangyong Motor Co. in South Korea.
August 22, 2010 - Soros-Controlled Fund Said to Acquire 4% Holding in Bombay Stock Exchange - Billionaire George Soros’s company bought a stake of about 4 percent in the Bombay Stock Exchange, Asia’s oldest bourse, according to three people familiar with the transaction.
August 20, 2010 - Housing Development, Sterlite Lead Sensex Index Retreat From 30-Month High - India’s benchmark stock index retreated from a 30-month high, paring a weekly advance, led by financial companies after Credit Suisse Group AG said the nation’s banking stocks are “expensive.”
August 19, 2010 - Food Prices Cool in India as Monsoon Rains Boost Planting of Lentils, Rice - India’s food inflation slowed as monsoon rains boosted sowing of lentils and rice. An index measuring wholesale prices of agricultural products compiled by the commerce ministry rose 10.35 percent from a year earlier in the week ended Aug. 7, according to a statement released in New Delhi today. It gained 11.40 percent the previous week.
August 17, 2010 - India's July Exports Grew at Slowest Pace in Six Months as Demand Weakened - India’s merchandise exports grew in July at the slowest pace in six months as demand for the nation’s textiles, tea and rice weakened in the U.S. and Europe.
August 16, 2010 - India to Top China as Fastest Growing Economy by 2013, Morgan Stanley Says - India may overtake China as the world’s fastest growing major economy by 2015, as the South Asian nation doubles infrastructure investment and adds six-fold more workers than its northern neighbour, Morgan Stanley said.
August 14, 2010 - Korea's Won, Indian Rupee Lead Currencies in Asia Lower as Growth Cools -South Korea’s won and the Indian rupee led declines in Asian currencies this week as investors sought the relative safety of the dollar as economic reports fanned concern the global recovery is losing momentum.
August 13, 2010 - Tata Steel, State Bank Climb on Earnings as India's Sensex Index Advances - India’s benchmark stock index rose, extending gains for a second week, as Tata Steel Ltd.’s profit buoyed expectations that local corporate earnings can withstand any global economic slowdown.
August 12, 2010 - State Bank of India Profit Beats Analyst Estimates; Shares Rise to Record - State Bank of India, the nation’s largest, jumped to a record after it posted the highest profit growth in four quarters as accelerating economic growth boosted earnings from retail banking.
August 11, 2010 - India's shipping ministry to award 25 port projects this fiscal - Shipping Ministry would award 25 port projects of about Rs 800 crore under the ‘Public Private Partnership’ (PPP) scheme during the current financial year. “We would award 25 PPP port projects in the current fiscal,” a Shipping Ministry official said, adding that the collective value of these contracts would be about Rs 700-800 crore.
August 10, 2010 - India Works to Clear Hundreds of Containers Obstructing Ports - India’s coast guard used chemicals to disperse oil spilled from a listing ship off the Mumbai coast as salvagers worked to clear hundreds of containers that may shut the nation’s busiest cargo-box port for three days.
August 12, 2010 - State Bank of India Profit Beats Analyst Estimates; Shares Rise to Record - State Bank of India, the nation’s largest, jumped to a record after it posted the highest profit growth in four quarters as accelerating economic growth boosted earnings from retail banking.
August 11, 2010 - India's shipping ministry to award 25 port projects this fiscal - Shipping Ministry would award 25 port projects of about Rs 800 crore under the ‘Public Private Partnership’ (PPP) scheme during the current financial year. “We would award 25 PPP port projects in the current fiscal,” a Shipping Ministry official said, adding that the collective value of these contracts would be about Rs 700-800 crore.
August 10, 2010 - India Works to Clear Hundreds of Containers Obstructing Ports - India’s coast guard used chemicals to disperse oil spilled from a listing ship off the Mumbai coast as salvagers worked to clear hundreds of containers that may shut the nation’s busiest cargo-box port for three days.
August 7, 2010 - Indian Oil May Sell New Shares If State Cuts Stake, Chairman Bansal Says - Indian Oil Corp., the nation’s biggest company, may sell new shares if the government reduces its stake in the state-owned refiner to raise money for social spending and to narrow its budget deficit. A price of 450 rupees ($9.78) apiece would be a good level for fresh issuance, Chairman Brij Mohan Bansal said by telephone today. That’s about 23 percent higher than today’s closing price. The company hasn’t heard from the government on a plan to sell shares, Bansal said.
August 6, 2010 - Indian Ports Move 14 Percent More Containers - Container traffic at major ports in India for the April-July period increased 14 percent over the same period last year, the Indian Ports Association said in a statement on Wednesday.
August 6,2010 - Tata Consultancy Leads Drop as India's Sensex Declines for a Second Day - India’s benchmark stock index fell for the second day from the highest level in 30 months as some investors judged recent gains as overdone relative to the earnings outlook. Tata Consultancy Services Ltd., the largest software services exporter, fell 1.5 percent. The stock is trading at 21.5 times estimated profit, compared with the 17.1 times for the Sensex. DLF Ltd., the biggest developer, lost 1 percent, dropping for the first day in five. Mahindra & Mahindra Ltd. climbed after a newspaper reported it will build a factory to produce tractors.
August 5, 2010 - Food Inflation Slows in India to 13-Month Low as Monsoon Rains Intensify - India’s food inflation slowed to a 13-month low as the country received more rainfall than forecast by the weather office, aiding sowing of lentils and rice. An index measuring wholesale prices of farm products compiled by the commerce ministry rose 9.53 percent in the week to July 24 from a year earlier, according to a statement in New Delhi today. It was 9.67 percent the previous week.
August 4, 2010 - India's Smaller Company Shares are Best Bet, Emerging Global's Kang Says - India’s smallest companies may deliver investors the best returns as foreign inflows have pushed the benchmark index’s valuation to the highest among so- called BRIC nations, according to Emerging Global Advisors, LLC.
August 2, 2010 - India's Manufacturing Growth Accelerated Last Month - India’s manufacturing growth accelerated in July, increasing pressure on the central bank to raise interest rates. Bond yields touched a three-month high. The Purchasing Managers’ Index rose to 57.6 from 57.3 in June, HSBC Holdings Plc and Markit Economics said in an emailed statement today. A reading above 50 indicates expansion.
July 31, 2010 - The Reserve Bank of India this week raised interest rates for the fourth time since mid-March, the most by any central bank in Asia, to quell the fastest inflation in the Group of 20 nations. The central bank also raised its forecast for economic growth as strengthening domestic demand trumps concern that the global economy will slow amid Europe’s debt crisis and elevated U.S. unemployment. Growth in India’s $1.2 trillion economy may accelerate to 8.5 percent, faster than the previous estimate of 8 percent, for the year ending March, the bank said.
July 31, 2010 - Bonds Have Second Monthly Loss on Concern Indian Interest Rates to Rise - India’s government bonds completed a second monthly loss on speculation the central bank will raise interest rates further to curb inflation. The yield on the benchmark 10-year bond climbed to the highest level in almost three months after the Reserve Bank of India this week raised interest rates for a fourth time in 2010.
Disclaimer
The contents of this presentation contain statements that may constitute “forward-looking statements” within the meaning of applicable securities legislation. Forward-looking statements may include financial and other projections, as well as statements regarding future economic events, or the assumptions underlying any of the foregoing. Forward-looking information involves significant risks, assumptions, uncertainties and other factors that may cause actual future results or anticipated events to differ materially from those expressed or implied in any forward-looking statements and accordingly, should not be read as guarantees of future performance or results.
Actual results, performance or achievement could differ materially from those expressed in, or implied by, any forward-looking statements made and, accordingly, viewers should not place undue reliance on any such forward-looking statements. New factors emerge from time to time, and it is not possible for anyone to predict all of such factors and to assess in advance the impact of each such factor on any of the financial or commodity markets.
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