Business News

Philippines' main stock index falls 4.2 percent, AS Posted: 15 Sep 2008 01:37 AM CDT MANILA, Philippines (AP) _ The Philippine shares sank sharply Monday as traders worried over more troubles in Wall Street following a failed plan to rescue Lehman Brothers and Bank of America's takeover of Merrill Lynch.

HCL Tech looking at buying 3-4 captive carve-outs Posted: 15 Sep 2008 01:36 AM CDT MUMBAI (Reuters) - HCL Technologies is the early stages of looking at taking over 3-4 captive assets in the financial services sector, a senior official said on the sidelines of an analyst conference.

GLOBAL MARKETS - Financial havoc wallops US dollar and stocks Posted: 15 Sep 2008 01:34 AM CDT By Kevin Plumberg

Sensex briefly extends losses to 6 pct Posted: 15 Sep 2008 01:30 AM CDT MUMBAI (Reuters) The Sensex briefly extended their losses more than 6 percent on Monday on concerns of more foreign fund withdrawals after Lehman Brothers filed for bankruptcy protection.

Rupee off lows, but downbeat on stock fall Posted: 15 Sep 2008 01:22 AM CDT MUMBAI (Reuters) - The rupee was down on Monday but off a near two-year low of 46 per dollar, after state-run banks stepped in to support the Indian unit as a stocks slide sparked worries of more fund withdrawals.

Subros ups air conditioner capacity to 1 mln units/yr Posted: 15 Sep 2008 01:12 AM CDT NEW DELHI (Reuters) - Auto air conditioning systems maker Subros Ltd said it plans to take its annual air-conditioner capacity to 1 million units from 750,000 by March 2009, a top official said on Monday.

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