Mar 2: Bajaj sales rise
Mar 2: Bajaj sales rise
Labourers fasten iron rods together at the construction site of a commercial complex in Ahmedabad
Foreign institutional investors can buy Indian corporate debt only if the securities are listed within 15 days, the Reserve Bank of India said on Friday.
In case the bonds are not listed within the stipulated time, investors should immediately sell them to a third party or to the issuer, the RBI said.
Workers clean windows next to a Nissan Motor Co.'s vehicle, displayed outside the company's showroom in Yokohama, south of Tokyo
Nissan Motor Co plans to launch cheap automobiles tailored for emerging markets under its old Datsun brand in 2014, the Nikkei newspaper reported on Thursday, as it revs up efforts to tap into fast-growth countries.
The vehicles, priced around 500,000 yen, will initially be built and sold in India, Indonesia and Russia, the Nikkei said.
A Kodak Retina camera is seen in a photo store in London
Eastman Kodak Co has agreed to sell its online photo services business to Shutterfly Inc for $23.8 million, kicking off the bankrupt photography pioneer's relaunch as a much slimmer company although a patent sale seen crucial to its turnaround may still be months away.
The once-iconic company that invented the hand-held camera has said it will quit the camera business and is expected to fetch $1 billion to $2 billion from the sale of about 1,100 digital patents, which is due to get under way by June 30.
A worker holds a fuel nozzle at a petrol pump in Mumbai
Brent oil futures rallied for a second day on Thursday, rising more than 2% to a 10-month high above $126 after Israel said it would test-fire a ballistic interceptor missile, raising fears of a conflict with Iran.
The unusual announcement further boosted oil prices already strongly higher on upbeat economic data from US and China and worries of Iran-related supply disruptions.
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