* India's top IT services provider Tata Consultancy Services (TCS) expects to see fast sales growth in its European operations as it expands into new countries, while it benefits from its cheaper cost base.
* Bharti Airtel may reportedly prepay at least $1 billion out of the $7.5 billion loan it took from banks to fund its acquisition of the African assets of Kuwait-based Zain Telecom using its free cash flow.
* NTPC declined 2.07% to Rs 2107.38 crore on 20.46% rise in net sales to Rs 12989.29 crore in the quarter ended September 2010 over the quarter ended September 2009.
* The rupee dropped on Wednesday as the dollar climbed against major units, and subdued domestic stocks cast a shadow on foreign inflows.
* India's 10-year bond yields were near a two-year high on speculation banks have fewer funds to invest in debt after borrowing rose.
* Intervention in the foreign exchange market to stem sharp appreciation in currencies has costs, Reserve Bank of India Governor Duvvuri Subbarao said on Wednesday.
* The dollar rose to a one-week high against the euro as stocks and U.S. Treasuries fell, indicating traders were scaling back expectations of the size of potential Federal Reserve asset purchases that may be announced next week.
* Gold declined for the first time in four days in London as a stronger dollar curbed demand for the metal as an alternative investment. Palladium dropped from a nine-year high.
* Oil declined for the first time in four days in New York on signs that U.S. crude supplies are rising and as the dollar strengthened, curbing investor demand for commodities.
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