Business News

SINGAPORE (Reuters) - Intel Capital, the venture capital arm of top chipmaker Intel Corp, said on Thursday it would pump $17 million into three Indian companies, comprising two Internet portals and one advertising firm.

MUMBAI (Reuters) - The president of financial markets at India's YES Bank has resigned, people familiar with the matter said on Thursday.

MUMBAI (Reuters) - Indian shares fell as much as 1.3 percent on Tuesday, led by export-focused outsourcers such as Infosys Technologies as the rupee strengthened to its highest in more than two months against the dollar.

NEW DELHI (Reuters) - Jindal Steel and Power Ltd's quarterly profit is likely to double, with rising steel sales and prices boosting revenue even as its iron-ore and coal mines insulate it from rising costs that are affecting peers.

By Cheon Jong-woo
SEOUL (Reuters) - Hyundai Motor Co on Thursday posted a surprise fall in quarterly net profit as a weaker won boosted the cost of financing foreign currency debt, and missed operating profit forecasts on rising commodity costs.

NEW DELHI (Reuters) - Bharti Airtel Ltd, India's top mobile operator, is maintaining its guidance for standalone capex of $2.5 billion for the full year to March, Chief Financial Officer Sarvjit Dhillon said on Thursday.

MUMBAI (Reuters) - Indian shares turned negative on Thursday after opening stronger, with the fall of as much as 0.97 percent led by export-focused outsourcers as the rupee hit its highest in more than two months.

By Jonathan Lynn and William Schomberg
GENEVA (Reuters) - Urgent talks to salvage a global trade deal made "some progress" in the early hours of Thursday, ministers said, but officials warned the mood was dark behind closed doors at the World Trade Organisation.

SEOUL (Reuters) - Hyundai Motor Co, South Korea's top auto maker, posted a surprise 10.6 percent fall in quarterly net profit as a weaker won currency boosted value of foreign currency debts.

By Devidutta Tripathy
NEW DELHI (Reuters) - Bharti Airtel Ltd, India's top mobile operator, beat forecasts on Thursday with a 34 percent rise in quarterly profit as it rode a boom in the world's fastest-growing wireless market, sending its shares up 5 percent.

MUMBAI (Reuters) - The rupee jumped beyond 42 per dollar to a two-month high on Thursday as falling oil prices eased concerns about the country's trade deficit.

By Rajkumar Ray
NEW DELHI (Reuters) - India's pension fund regulator said on Wednesday he would urge the government, fresh from victory in a parliamentary confidence vote, to push forward with legislation to allow foreign investment in the sector.

By Kevin Plumberg
HONG KONG (Reuters) - Oil prices fell to a seven-week low below $125 a barrel on Thursday as U.S. energy demand was seen reaching a tipping point, sending investors back into Asian stocks for the fourth consecutive day.

MUMBAI (Reuters) - Indian shares opened 1.2 percent higher on Thursday, led by Bharti Airtel and ICICI Bank.

NEW DELHI (Reuters) - Bharti Airtel Ltd, India's top mobile operator, beat forecasts on Thursday with a 34 percent rise in quarterly profit as it rode a boom in the world's fastest growing wireless market.

HELSINKI (Reuters) - Nokia's net royalty rates for access to Qualcomm's patents will drop with the new agreement between the two firms, a Nokia executive told Reuters on Thursday.

MUMBAI (Reuters) - Indian shares are set to open stronger on Thursday, helped by falling oil prices and firmer Asian markets, but gains could be limited in a market that has risen almost 20 percent in the past five sessions.

By Kevin Plumberg
HONG KONG (Reuters) - Oil prices fell to a seven-week low below $125 a barrel on Thursday amid a view U.S. energy demand has reached a tipping point, sending investors back into Asian stocks for the fourth consecutive day.

By Lewa Pardomuan
SINGAPORE (Reuters) - Gold struck a two-week low on Thursday, losing some of its safe-haven appeal after oil extended losses and stock markets rose, while platinum tumbled to its weakest in six months.

By Daisuke Wakabayashi
SEATTLE (Reuters) - Microsoft Corp said on Wednesday that Kevin Johnson, who as president of Microsoft's largest business division spearheaded the company's pursuit of Yahoo Inc, is leaving the software maker.