Reuters: Money News

BSE Sensex trims gains; Reliance, banks rise

Tue, 10 Nov 2009 11:48:19 +0530

MUMBAI (Reuters) - The BSE Sensex was up 0.2 percent on Tuesday after an early rally triggered resistance, but Reliance Industries firmed after the energy giant said it found oil in a block off the western coast.

Wipro sees good deal pipeline

Tue, 10 Nov 2009 10:46:06 +0530

NEW DELHI (Reuters) - Wipro, India's No. 3 software services exporter, sees robust deal pipeline on the back of improving IT demand worldwide, a senior official said on Tuesday.

Reliance finds oil in Cambay Basin block

Tue, 10 Nov 2009 10:25:04 +0530

MUMBAI (Reuters) - Reliance Industries on Tuesday announced its first oil discovery in its exploration block in the Cambay Basin off Gujarat.

Yahoo plans to expand, hire people in India - CEO

Tue, 10 Nov 2009 11:04:49 +0530

SINGAPORE (Reuters) - Yahoo Inc plans to grow its business in India and hire additional people there, its chief executive Carol Bartz said on Tuesday.

Asia stocks, currencies rise on risk appetite

Tue, 10 Nov 2009 10:26:24 +0530

HONG KONG (Reuters) - Asian stocks rose on Tuesday after U.S. equities hit a 13-month high, while central banks intervened to curb Asian currencies as funds flowed into riskier assets on expectations economic stimulus measures will continue.

FACTBOX - Trade deals in the Asia Pacific region

Tue, 10 Nov 2009 11:50:04 +0530

Reuters - Twenty years after the start of APEC, which brings together 21 Asia Pacific economies accounting for more than half of world economic output, questions remain about the future of Asian economic integration.

LinkedIn and Twitter link up

Tue, 10 Nov 2009 11:53:11 +0530

SAN FRANCISCO (Reuters) - LinkedIn and Twitter have linked up.

Business urges Obama get off trade sidelines in Asia

Tue, 10 Nov 2009 10:52:42 +0530

WASHINGTON (Reuters) - U.S. business groups on Monday urged President Barack Obama to use his upcoming trip to Asia to join talks on a regional free trade initiative and to set the stage for long-delayed congressional approval of a free trade pact with South Korea.

JSW Energy gets SEBI nod for IPO - official

Tue, 10 Nov 2009 11:36:14 +0530

MUMBAI (Reuters) - Power firm JSW Energy Ltd has recieved an approval for its initial public offer from Indian markets regulator Securities and Exchange Board of India (SEBI), a top JSW group officer said on Tuesday.

Maxis set for $3.3 bln IPO in Asia share sale boom

Tue, 10 Nov 2009 11:20:14 +0530

KUALA LUMPUR/SINGAPORE (Reuters) - Malaysia's biggest mobile phone operator Maxis Bhd is set to raise $3.3 billion in Southeast Asia's biggest initial public offering, as companies rush in for multi-billion dollar listings before the year ends.