Arun Kejriwal News
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The largest overseas bet on Indian consumers is spurring speculation that companies from Nestle SA to Colgate-Palmolive Co. will pursue more deals in a nation where household income is forecast to triple this decade.
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Indian stock-index futures gained, signaling benchmark indexes may advance for a fourth day.
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Overseas funds bought the most Indian shares last week since February as the nation reduced interest rates for the third time this year and developed markets maintained or bolstered stimulus programs.
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Indian stock futures dropped before the Reserve Bank of India meets to review monetary policy tomorrow, and before today’s release of manufacturing data.
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Indian equities climbed, with the benchmark index rebounding from a seven-month low, after some investors judged recent declines excessive.
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Indian stock-index futures were little changed after the country’s current-account deficit widened to a record last quarter.
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United Spirits Ltd. surged by a record in Mumbai trading after Diageo Plc said it will buy a controlling stake in India’s largest distiller for $2.04 billion.
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Indian stocks fell the most in two weeks on speculation faster inflation will limit the extent to which the central bank may ease monetary policy next week.
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AirAsia Bhd., Southeast Asia’s biggest discount carrier, reported profits in all but one year in the past decade. It’s now entering a market where the industry has lost more than $6.6 billion in five years.
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The plunge and rebound in Indian stocks that pushed the S&P CNX Nifty Index down 16 percent in eight seconds underscored concern about financial markets.
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