Top News: CapitalVia Share Advisory

• Bharti Airtel will partner telecom gear makers Ericsson and Huawei to expand and manage its mobile network in Bangladesh, where it took control of a mobile carrier this year.

• Tata Steel the world's seventh-largest steelmaker, said on Thursday sales from its Indian operations rose 14 percent in the July-September quarter, to 1.66 million tonnes.

• Kalpataru Power Transmission will invest Rs 90.04 crore in its unit JMC Projects India owards preferential issue of 43.5 lakh shares at Rs 207 each.

• The rupee strengthened to its strongest level in 25 months on Thursday, probably on inflows related to a qualified institutional placement by a large automobile company.

• India's food price index rose 16.24 percent while the fuel price index climbed 10.73 percent in the year to Sept. 25, government data on Thursday showed.

• The International Monetary Fund raised its 2010 economic growth forecast for India, citing strengthening local consumer demand.

• India and Russia will jointly manufacture 250-300 fifth generation fighter aircraft over 10 years, Indian Defence Minister A.K. Antony said on Thursday.

• The dollar dropped to a 15-year low against the yen and the weakest in eight months against the euro amid growing expectations the Federal Reserve will expand credit easing to sustain the U.S. recovery.

• Oil rose for a third day in New York as the dollar extended its decline against the yen and the euro, enhancing the investment appeal of commodities, and after a U.S. government report showed a drop in gasoline stockpiles.

• Spot gold hit an all-time peak for a third straight trading session, rising above $1,355 on Thursday on a weak dollar and after Vietnam said it may allow gold imports if prices keep rising.