French President Nicolas Sarkozy is in India seeking to tap the South Asia nation’s multi-billion dollar military spending and pushing Areva SA’s bid to sell at least two nuclear reactors.
ECONOMY: * India Manpower Survey * Duvvuri Subbarao will inaugurate a financial literacy exhibition in Bangalore.
WHAT TO WATCH: * Belgian Finance Minister Didier Reynders said the euro region could increase the size of its 750 billion-euro ($1 trillion) bailout fund, breaking ranks with German Chancellor Angela Merkel and France’s Nicolas Sarkozy. * Indian banks may acquire rivals to boost profitability, said C. Rangarajan, chairman of the Indian prime minister’s economic advisory council. *The U.S. trade deficit was probably little changed in October, reflecting a rise in exports as the dollar weakened and economies overseas led the global recovery, analysts said before a report this week. * Barclays Capital jumped 24 places, the biggest climb by any bank in 2010, to become the No. 4-ranked bond underwriter in India after it arranged sales to fund the nation’s growing need for transport and energy infrastructure. * French President Nicolas Sarkozy in Delhi * Minister of Commerce Anand Sharma at press meet in New Delhi * French Finance Minister Christine Lagarde and Montek Singh Ahluwalia speak at India-France Business Forum in New Delhi * Lavasa hearing in Bombay High Court * India Seeks BlackBerry E-mail Access From Companies, WSJ Says
MARKETS: * Asia’s benchmark stock index rose for a third day on Dec. 3 * Indian stocks fell for the first time in five days, trimming the benchmark stock index’s largest weekly advance in a month.
EQUITY MOVERS: Selected stocks that may rise or fall following news. * IDBI Bank (IDBI IN) board approves proposals to merge units IDBI Gilts and IDBI Homefinance with itself * Uttam Sugar Mills (UTSM IN) sets rights issue price
CONFERENCES: * Bio-pharma India Convention in Mumbai * Indo-French CEO forum press conference in New Delhi * Nishith Desai Associates’ session on transfer pricing disputes in Mumbai * Drug Discovery World India 2010 conference in Mumbai * A2Z Maintenance & Engineering Services Ltd.’s conference in Mumbai * Dun & Bradstreet report on real estate in Mumbai * Toshiba conference for announcing new products in Mumbai * ICICI Securities press conference to launch National Pension Scheme of ICICIdirect.com. *FICCI hosts India-Kazakhstan Joint Business Council
ANALYST RATINGS: * Mundra Port and Special Economic Zone (MSEZ IN) rated buy in new coverage at Religare Capital Markets *Coromandel International Ltd (CRFT IN) rated new buy at UBS. Target price is 733 rupees. *EID Parry India Ltd (EID IN) rated new buy at UBS. Target price is 676 rupees
IPO: Companies that may price and list today. *R.P.P. Infra Project (RPP) will start trading. Shares sold at 75 rupees each last month.
To contact the editor responsible for this story: Arijit Ghosh at firstname.lastname@example.org.