India & Pakistan
Reliance Urged to Pay Less Than $12 Billion for LyondellBasell Industries Reliance Industries Ltd.’s bid for
bankrupt chemicals and fuels maker LyondellBasell Industries AF
will be “positive” if India’s largest company pays less than
$12 billion, brokerage CLSA Asia-Pacific Markets said.
Indian Sugar Output May Beat Estimates By 11% on Yield, Increased Planting Sugar production in India, the
world’s second-largest grower, may be 11 percent more than
estimated after farmers boosted planting and yields improved
because of increased fertilizer use.
Sensex Index Rises a Second Day; Reliance Industries Gains on Acquisition India’s stocks rose for a second day,
led by commodity producers after oil and metal prices climbed.
Reliance Industries Ltd. gained after the country’s biggest
publicly traded company said it’s buying bankrupt chemicals and
fuels maker LyondellBasell Industries AF.
Hindalco to Raise Up to $600 Million in Institutional Investor Share Sale Hindalco Industries Ltd., India’s
biggest aluminum producer, plans to raise as much as $600
million selling shares to institutional investors, according to
a sale document.
Asian Stocks Rise on China Growth Optimism, Metal Prices; Newcrest Gains Asian stocks rose for the first time
in three days as the head of China’s top economic planning
agency pledged to maintain “consistent, stable” policies to
boost growth, while higher metal prices boosted mining companies.
Indian Phone Wars Curb Earnings at Bharti and Reliance Even as Sales Gain Anil Gupta stepped out of an
Aircel Ltd. shop in New Delhi with a better deal for
calling his daughter in Chicago.
Essar Oil Shares Gain After Report Shell May Buy Stake in Refinery Accord Essar Oil Ltd. rose as much as 3.4
percent in Mumbai and traded at 138.5 rupees as of 10.04 a.m.
local time. Royal Dutch Shell Plc is in talks to acquire a 10
percent stake in Essar Oil, the Economic Times reported on Nov.
21 citing unidentified people. Shell will buy the stake, valued
at about $364 million, as part payment for selling three of its
European refineries to Essar, the newspaper said.
Pakistanis Pay Economic Toll as Regrouping Taliban Threaten to Widen War Taliban fleeing a Pakistani
offensive are regrouping in the country’s northwest, threatening
to spread and prolong a conflict that has strained the nation’s
economy and may hamper efforts to attract foreign investment.
Woman Who Sank Galleon Was Beauty-Queen-Turned-Analyst Allegedly With Tips Danielle Chiesi spent a lot of time
in hotel ballrooms and bars during the past decade.
Pakistan's Credit to Companies Falls on Power Shortages, Poor Security Pakistan’s demand for loans by
private companies declined because of power shotages, poor
security and falling exports, according to the central bank.
Singh Calls on Pakistan to Bring Terrorists to Justice for Mumbai Attacks Indian Prime Minister Manmohan Singh
said Pakistan isn’t doing enough to prosecute terrorists who
killed 166 people in Mumbai a year ago, an attack that
interrupted peace talks between the nuclear-armed neighbors.
India to Release Mosque Demolition Report, Leak Triggers Parliament Uproar India will make public this year a
report on the 1992 demolition of an ancient mosque by a Hindu
mob, the government said, after a newspaper reported that senior
opposition politicians had been blamed in an official inquiry.
Sri Lanka to Hold Presidential Election Next Year, Cabinet Spokesman Says Sri Lanka will hold an early
presidential election next year, its first major vote since the
end of the government’s 26-year war against the Liberation
Tigers of Tamil Eelam in May.
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