- Vedanta Resources said on Monday the open offer price for Cairn India's minority shareholders is the final price, but added that it cannot move forward with the offer until it gets regulatory approval.
- Plastics and textile maker Sintex Industries Ltd said on Monday it posted a net profit of 734.3 million rupees on net sales of 4.95 billion rupees for the quarter ended Sept. 30.
- India's Shoppers Stop Ltd, owned by the K. Raheja group, expects same store sales, a key indicator of growth for retailers, to rise more than 20 percent from a year ago.
- The rupee resumed its climb towards 25-month highs on Monday, bolstered by firm stocks, stronger regional peers and the dollar's weakness against major currencies.
- India would intervene in the foreign exchange markets if needed to maintain stability, the Reserve Bank of India's (RBI) governor said during a panel discussion at the International Monetary Fund in Washington on Saturday.
- Finance Minister Pranab Mukherjee indicated here that the Government of India was wanting to implement more reforms in the financial sector.
- The dollar slid to a 15-year low against the yen and Asian stocks rose on Monday as U.S. jobs data boosted the chances of easier U.S. monetary policy and IMF and G7 meetings produced little to ease global currency tension.
- Gold climbed for a second day and silver extended gains to a 30-year high on speculation governments will seek ways to boost their economies by lowering currency values, boosting demand for commodities.
- Oil rose a second day in New York as speculation the Federal Reserve will pump more money into the U.S. economy drew investors and hedge funds to commodities.
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