Mahindra in talks to buy Peugeot's scooter unit - Bloomberg
Published on Tuesday, September 16, 2014 5:47 PM
NEW DELHI/PARIS - Mahindra & Mahindra Ltd , India's largest utility vehicle maker, is in advanced talks to buy PSA Peugeot Citroen's scooter business, Bloomberg reported on Tuesday, citing three unnamed sources familiar with the matter. ...
An announcement may be made soon, Bloomberg reported, c
IOC cuts refinery output as rains hit fuel demand - source
Published on Tuesday, September 16, 2014 6:08 PM
By Nidhi Verma ...
NEW DELHI - Indian Oil Corp, the country's biggest refiner, has cut throughput at five key plants after heavy rains curbed demand for diesel in northern and eastern India, a company source with direct knowledge of its operations said.
A late revival of monsoon rains t
Merck KGaA agrees to market Lupin drugs in emerging countries
Published on Tuesday, September 16, 2014 6:09 PM
FRANKFURT - German drugmaker Merck KGaA said it struck a deal with Lupin Limited to market some of the Indian drugmaker's cardiovascular and diabetes treatments in emerging markets. ...
The partnership covers Brazil, Mexico, Indonesia, Philippines as well as several countries in Africa and eastern Europe, amo
India starts to develop yield curve as trading shifts from 10-year bonds
Published on Tuesday, September 16, 2014 3:49 PM
By Neha Dasgupta and Swati Bhat ...
MUMBAI - Government bond markets are experiencing a rare sight: a yield curve driven by strong investor buying in maturities other than the traditional benchmark 10-year government bond.
Driving the buying in non-10-year Indian debt is the prospects of an
Tata Motors Group global sales at 73,524 in August 2014
Published on Tuesday, September 16, 2014 2:18 PM
Automobile company Tata Motors today said that its global sales in August 2014, including Jaguar Land Rover, were 73,524 numbers. Cumulative sales for the fiscal were 381,935 numbers.
“Global sales of all Tata Motors’ commercial vehicles and Tata Daewoo range -- were 30,536 nos. Cumulative commercial vehicles sales for ...
RBI chief Rajan says limiting reliance on foreign debt
Published on Tuesday, September 16, 2014 12:00 PM
MUMBAI - The Reserve Bank of India (RBI) is limiting the country's reliance on foreign debt and will continue to do so, governor Raghuram Rajan said on Tuesday. ...
"We are limiting our reliance on foreign debt. It's important we keep it this way," he said during a speech to university stu
India to decide on diesel deregulation after state polls - oil ministry source
Published on Tuesday, September 16, 2014 1:56 PM
By Nidhi Verma ...
NEW DELHI - India will decide on whether to end government control of diesel pricing after elections in two states next month, an oil ministry source said.
India currently controls prices with subsidies under a scheme originally intended to help the poor and rein in infla
KKR to lend $175 million to GMR Infrastructure - source
Published on Tuesday, September 16, 2014 11:19 AM
MUMBAI/HONG KONG - U.S. private equity firm KKR & Co LP has agreed to provide about $175 million in financing to GMR Infrastructure Ltd in a debt and equity deal, a source with direct knowledge of the matter told Reuters. ...
GMR will announce the transaction as early as Tuesday, said the source,
Yes Bank falls after MSCI excludes from indexes
Published on Tuesday, September 16, 2014 11:04 AM
Market Eye - Yes Bank falls 2.02 percent.
MSCI excluded the lender from its standard and mid-cap indexes.
Yes Bank fell 5.2 percent on Monday after RBI barred FII share purchases after investment limit was reached.
(Reporting by Abhishek Vishnoi)