Sensex up over 45 points in early trade
after-hours miss sent its shares lower.
FACTORS TO WATCH
Larsen & Toubro Ltd earnings (0715 GMT)
Duvvuri Subbarao, governor of India's Reserve Bank of India will meet Finance Minister P Chidambaram on Thursday, ahead of Jan. 29 policy review.
INDIAN STOCKS TO WATCH
FINANCIAL/REGULATORY
ING is to sell its 26 percent stake in an Indian insurance venture to local partner Exide Industries Ltd , the second foreign insurer to exit a competitive sector in India within a year.
ENERGY/COMMODITIES
India's oil ministry will soon recommend a revision in local gas prices, a government source said, which if accepted would bring a windfall for state-run producers Oil and Natural Gas Corp Ltd and Oil India Ltd.
GOL Offshore Ltd is selling real estate property to fund redemption of its 2-billion rupees foreign currency convertible bonds that are due in April, three persons close to the development said.
Jaiprakash Associates Ltd has deferred a planned sale of shares in its unit Jaypee Infratech after share prices of the subsidiary fell 8.5 percent on Wednesday, the parent company said in a stock filing.
New Millennium Iron Corp, a Canadian iron ore exploration and mining company 26.5 percent owned by Tata Steel Ltd opened a 2.8 percent share buyback plan on Wednesday, according to a filing to Toronto Stock Exchange.
Rallis India Ltd's October-December net profit rose more than two-fold to 220.3 million rupees from 76.6 million rupees a year ago.
TELECOM
Reliance Communications Ltd reported a decline in
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