INDIA

Maldives President Quits; Suspects Coup

Mohamed Nasheed
President Mohamed Nasheed of the Maldives, widely credited with bringing democracy to the hideaway resort islands, resigned on Tuesday after weeks of opposition protests erupted into a police mutiny and what an aide said amounted to a coup.

Indian Airlines Can Import Jet Fuel Directly

Kingfisher
Indian airlines will be allowed to import jet fuel directly under a proposal from a ministerial panel, Aviation Minister Ajit Singh said, sending airline shares sharply higher on the prospect they will be able to cut costs.
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Markets edge down as Greece wrangling tempers momentum

Markets edged down on Tuesday as Greek resistance to the strict conditions attached to a bailout fund sapped recent momentum spurred by hopes the global economy is improving, and the euro eased on renewed fears of a messy debt default.
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Greek Default Fears Temper Asian Markets, Euro

Asian markets edged up on Tuesday even as Greek resistance to the strict conditions attached to a bailout fund sapped recent momentum and the euro eased on renewed fears of a messy debt default.
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Yum profit up as China keeps growing

KFC parent Yum Brands Inc reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top market was slowing.
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Cisco seen reporting solid second quarter

A year after network equipment maker Cisco Systems Inc unnerved investors with yet another weak quarterly outlook the company looks set to report a stable quarter buoyed in part by improving enterprise demand in the United States.
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China Bars its Airlines from EU Emissions Scheme

China on Monday barred its airlines from a European scheme to reduce carbon emissions, hardening its stance a week before a summit at which the European Union will seek Chinese help to ease its debt crisis.
Uninor

Telenor to Fight Supreme Court Order on Licence Cancellation

Norway's Telenor ASA (TEL.OL) plans to fight an order by the Supreme Court to cancel 122 telecoms licences held by its Indian joint venture, but has not ruled out abandoning the country altogether, the head of the company's Asian operations said.
BSE Sensex

BSE Sensex Rises for Fifth Straight Session

The BSE Sensex rose for the fifth straight session on Monday, ending 0.58 percent higher, after last week's robust U.S. jobs data helped improve risk appetite, but the rally in the local market is expected to take a breather soon.
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Internet giants remove content after India court warning

Internet giants Google Inc and Facebook removed content from some Indian domain websites on Monday following a court directive warning them of a crackdown like China if they did not take steps to protect religious sensibilities.
BSE Sensex

Indian Stocks Rise on U.S Job Data Boost

Indian stock markets opened on a positive note and continued to trade in the green on Monday, boosted by unexpectedly healthy news from the U.S. jobs front that is widely seen as a sign of global economic recovery.

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