Business News

Banco signs contracts with 3 US cos in Jul-Sep Posted: 29 Sep 2008 01:46 AM CDT MUMBAI (Reuters) - Auto parts maker Banco Products India Ltd has finalised contracts with three US-based auto wholesalers in the July-September quarter, marking its entry into the U.S. market, Chairman Vimal K Patel said.

GLOBAL MARKETS - Bank crisis weighs on euro; Asia stocks fall Posted: 29 Sep 2008 01:44 AM CDT By Kevin Plumberg

Rupee weakens by another 38 paise in early trade Posted: 29 Sep 2008 01:36 AM CDT Mumbai, Sep 29 (PTI) The Indian rupee fell by 38 paise to 46.92/93 against the US currency in the morning trade today on heavy month-end dollar demand amid bearish equity markets.

Reliance may supply diesel to govt firms Posted: 29 Sep 2008 01:35 AM CDT NEW DELHI (Reuters) - Reliance Industries is willing to supply diesel to state-run oil marketing firms if the government amends tax rules to make sales attractive for the export-focused firm, the oil secretary said on Monday.

Benelux govts rescue Fortis to avert U.S. contagion Posted: 29 Sep 2008 01:32 AM CDT By Antonia Van De Velde and Marcin Grajewski

Asian markets fall on doubts about US bailout, 2nd Ld-Writethru, AS Posted: 29 Sep 2008 01:30 AM CDT TOKYO (AP) _ Asian stock markets fell Monday amid investors skepticism that the tentative deal reached in Washington over a US$700 billion bank bailout would quickly resolve the bad debt crisis.

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