GLOBAL / CORPORATE NEWS

Global News:

The jobless rate probably rose in September for a second month
as the year-old U.S. recover failed to generate enough jobs to keep
up with a growing labor force.

Corporate News:

* India’s government has started fresh talks with Axis Bank to sell its stake in the bank amid soaring stock markets

* Hero Honda Motors Ltd. sold 433,641 units in September,
compared with 401,290 a year earlier

* JSW Steel Ltd. and Steel Authority of India Ltd.: The
companies raised prices of the alloy by as much as 3 percent starting
on Oct. 1.
Impact: Positive

* National Aluminium Co. will complete a deal with coal
suppliers in Indonesia by January to provide fuel for its $4 billion
aluminum project in that country.

* Reliance Industries Ltd. cut crude oil output at the MA
offshore field in the KG-D6 block to 22,000 barrels a day for about
two months, compared with about 31,000 barrels a day in April.

* Sun Pharmaceutical Industries Ltd. received tentative approval
from the U.S. drug regulator to sell a copy of Orion Pharmaceuticals
Inc.’s Stalevo tablets, used for the treatment of Parkinson’s disease.
Impact: Positive.

* Tata Motors Ltd. is seeking to raise at least $525 million
selling shares to institutional investors to help reduce debt and fund
growth.

* Dabur India Ltd., a maker of packaged honey, traditional
medicine and hair oil, plans acquisitions overseas as domestic competition intensifies

* JP Associates September Cement sales rose form 727000 to 1.17
million tonnes
Impact: Positive.

* KPIT Cummins acquires CPG Solutions
Impact: Positive

* Tata Steel hikes prices by up to Rs 1,500 a tonne
Impact: Positive.