Sesa Goa Ltd., India's largest iron ore exporter, deferred its open offer for Cairn India Ltd. shares that was due to start today, delaying parent Vedanta Resources Plc's plan to enter the oil exploration business.
Reliance Communications Ltd., India's second-largest mobile phone operator, may sell bonds or borrow from banks overseas to repay about 86 billion rupees ($1.9 billion) of debt.
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Global Cues:
Asian stocks rose on Monday as resource sector shares extended their climb on expectations of further US monetary easing. The key benchmark indices in China, Hong Kong, Indonesia, South Korea and Singapore rose by between 0.23% to 1.7%. But, Taiwan's Taiwan Weighted fell 0.17%. Japanese markets were shut for a holiday.
European stocks climbed, extending the biggest weekly gain in a month for the benchmark Stoxx Europe 600 Index, amid continuing speculation that the Federal Reserve will step in to support the economy. U.S. index futures and Asian shares advanced.
China has raised reserve requirements for six large commercial banks on a temporary basis, a move to drain cash from the economy but avoid over-tightening.
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