GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange down 0.56 percent. The MSCI-Asia Pacific index, excluding Japan fell 1.27 percent. * Asian shares fell and the Australian dollar eased onThursday as risk sentiment was shaken by talk in global marketsovernight that a hedge fund had been liquidating large positionsin commodities, as well as worries the Federal Reserve couldslow its bond buying programme. * U.S. stocks fell the most in three months and a key gaugeof market volatility spiked on Wednesday after minutes from theU.S. Federal Reserve's most recent meeting suggested the centralbank may slow or stop buying bonds sooner than expected. FACTORS TO WATCH * The budget session of Indian parliament begins. INDIAN STOCKS TO WATCHFor additional press items double click NOTE: Reuters has not verified third-party stories and does notvouch for their accuracy. TOP NEWS * India's auction of quotas allowing foreign investors tobuy bonds attracted solid demand, reflecting expectations thatthe central bank will cut interest rates and that the governmentwill deliver a fiscally disciplined budget. (Reuters) FINANCIAL/REGULATORY * U.S. private equity firm TPG Capital is to sellpart of its stake in Indian commercial vehicle financier ShriramTransport Finance Co Ltd to raise about $300 million,according to a term sheet seen by Reuters. (Reuters) * The Comptroller and Auditor General (CAG) has said in adraft report that there were serious irregularities, flouting ofgovernment norms and undue financial benefits to the privateplayer in the Delhi airport Metro link. (Times of India)http://link.reuters.com/fuk26t ENERGY/COMMODITIES * State-run Oil and Natural Gas Corp, along withBharat Petroleum Corp and Mitsui Group of Japan, willinvest about $1 billion (approximately 54 billion rupees) to setup a five-million tonne (mt) liquefied natural gas terminal(LNG) in Mangalore. (Business Standard)http://link.reuters.com/juk26t * The newly constituted cabinet committee on investment (CCI)granted its first big-ticket approval, clearing the 120 billionrupees North Karanpura power project of NTPC that hadbeen stranded for more than a decade as power and coalministries bickered over its location. (Economic Times)http://link.reuters.com/xek26t * Oil and Natural Gas Corp's over 80 billionrupees development of western offshore B-193 cluster fields willbe completed this year that will add 28,000 barrels per day topeak oil production. (Press Trust of India in Economic Times)http://link.reuters.com/guk26t INFRASTRUCTURE * Jaiprakash Power Venture raised 9.5 billionrupees in the largest primary issue in the power sector innearly three years through a qualified institutional placementof shares. (Economic Times)http://link.reuters.com/vek26t * The Ruia family, promoters of Essar Ports andEssar Shipping, is planning to start offloading theirstake in the respective companies in order to comply with therequirement of Securities and Exchange Board of India (Sebi)requirement of maximum 75 percent holding in companies, seniorcompany officials told Financial Chronicle. (FinancialChronicle)http://link.reuters.com/zek26t AVIATION * The war over air fares intensified with all Indianairlines competing with each other to offer low ticket prices,as Air India also jumped into the fray. (Press Trust of India inEconomic Times)http://link.reuters.com/buk26t IT * Wipro is said to be contemplating laying offseveral hundred people in Wipro Infotech's business solutionsdivision. This is because their work overlaps with those in asimilar practice area in Wipro Technologies, three peoplefamiliar with the development said. (Times of India)http://link.reuters.com/wek26t TELECOMS * India's two biggest mobile phone operators, Bharti AirtelLtd and Vodafone India, challenged in court agovernment move to auction airwaves in a band they already use.(Reuters) NOTE: Reuters has not verified third-party stories and does notvouch for their accuracy. (Compiled by Manoj Rawal; Edited by Subhadip Sircar)
Swisscom posts steady Q1 profit, says Vodafone Italia deal on track
May 2 (Reuters) - Telecoms group Swisscom reported a slightly lower first-quarter core profit on Thursday, but beat market expectations, as business in its core Swiss and Italian markets continued to develop positively.
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