India & Pakistan
India May Create Fund to Buy Overseas Energy Assets Amid China Competition India may create a sovereign fund
to help state companies compete for overseas energy assets with
rivals from China, a government official said.
Axis in Market Share `Grab Mode' Aims to Triple Funds Managed in India Axis Asset Management Co., backed
by India’s third-largest non-state bank, plans to triple its
assets over the next year as it aims to become one of the
nation’s top 10 money managers.
Sensex Index Climbs to Eight-Week High on Growth Outlook; Reliance Leads Indian stocks rose, driving the
benchmark index to an eight-week high, as investors bet earnings
growth will be sustained even as inflation accelerates.
Japan Tobacco Seeks India Growth to Offset Waning Demand in Home Market Japan Tobacco Inc., the world’s
largest publicly traded cigarette maker by sales, wants to
expand production in India as the smoking rate declines in its
home market.
JSW Wins Additional Carbon Credits for Emission Cuts at Karnataka Plant JSW Steel Ltd., India’s third-
largest producer of the alloy, won additional carbon credits for
reducing greenhouse gas emissions at a project in the southern
state of Karnataka.
Radico Khaitan Plans to Raise $40 Million Selling Shares, Document Shows Radico Khaitan Ltd. plans to raise
$40 million selling shares to institutional investors, a
document obtained by Bloomberg News showed.
Ambani's Reliance Is Said to Be in Talks to Invest in Atlas's Shale Assets Reliance Industries Ltd., the owner
of the world’s largest fuel-making complex, is in talks with
Atlas Energy Inc. to invest in the U.S. natural-gas producer’s
shale assets, a person familiar with the negotiations said.
Inflation in India Likely to Accelerate to `Double-Digit,' Mukherjee Says India’s inflation rate will likely
accelerate to “double-digit” in March, Finance Minister Pranab
Mukherjee said in parliament today.
Emerging Markets Not Cheap, Rally to Take a `Breather,' van Agtmael Says Antoine van Agtmael, who coined the
term “emerging markets,” said equities in developing nations
are fairly valued and need a “breather” after last year’s
record rally.
Mumbai Terror Plot Suspect Headley Will Change Plea to Guilty, Lawyer Says David Coleman Headley, a Chicago
man accused of helping plot the November 2008 Mumbai terror
attacks and a never-executed assault on a Danish newspaper, will
enter a guilty plea before a U.S. judge, his lawyer said.
Thai Protesters Draw Blood to Dump Outside Premier Abhisit's Home, Office Thai protesters dumped bottles of
their own blood outside the office and party headquarters of
Prime Minister Abhisit Vejjajiva, whose rule they say is
illegitimate and should end.
North Korea's `Draconian' Currency Revaluation Led to Food Crisis, UN Says The North Korean government’s
revaluation of its currency last year caused severe inflation
and, combined with a poor harvest, produced “widespread
suffering,” a United Nations human rights analyst said.
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