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World Market News

Maruti Suzuki Q1 net down 7 pct, beats f'cast

- Reuters
MUMBAI (Reuters) - Maruti Suzuki India Ltd, the country's top car maker, reported a smaller-than expected 7 percent fall in quarterly profit, as high costs of raw materials and a new depreciation policy outweighed higher sales.

Rupee rises as political outlook brightens

- Reuters
MUMBAI (Reuters) - The rupee rose on Monday on growing expectations the government would survive a crunch vote in parliament, which would ease global investors' fears of prolonged political uncertainty.

Cash rates near 6-mth high on CRR hike effect

- Reuters
MUMBAI (Reuters) - Indian overnight cash rates ended close to six-month highs on Monday after the increase in banks' cash reserve ratio took effect over the weekend draining cash from the system.

Petronet aims for new LNG deal next month

- Reuters
NEW DELHI (Reuters) - Petronet LNG hopes to sign a fresh 10-year deal to import up to 3.5 million tonnes a year of liquefied natural gas (LNG), leaving no scope for spot cargoes, the firm's head said on Monday.

WTO chief says Doha deal would stimulate growth

- Reuters
GENEVA (Reuters) - Success in this week's World Trade Organisation Doha round talks would boost growth in a world economy threatened by rising food and energy prices and financial market turbulence, WTO Director-General Pascal Lamy said on Monday.



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