WORLD MARKET NEWS

Islamic finance no longer immune to crisis- Reuters MANAMA (Reuters) - Islamic banking can no longer claim immunity from the global financial crisis now that it is hitting the industry's main source of funding and property values in the Gulf Arab region.

FOCUS - Mumbai attacks a wake-up call for hotel security- Reuters MUMBAI (Reuters) - The terror attacks in Mumbai last week have been a chilling reminder to India's hotels to step up investments in security and surveillance systems, experts say.

Ranbaxy, U.S. firm in pact to mkt drug in India- Reuters MUMBAI (Reuters) - Ranbaxy Laboratories Ltd has signed an exclusive licensing agreement with U.S.-based BioPro Pharmaceutical to sell Gliadel tablets in India.

BSE Sensex provisionally closes 0.3 pct lower- Reuters MUMBAI (Reuters) - The BSE Sensex provisionally ended 0.31 percent lower on Wednesday, as a grim global economic outlook overshadowed early gains, with software and telecom companies contributing the most to the drop.

Vodafone loses India tax case, can appeal- Reuters MUMBAI (Reuters) - The Bombay High Court has dismissed a petition by Vodafone International Holdings against a tax bill relating to the purchase of a mobile phone operation in India in 2007, Vodafone's tax consultant Dinesh Kanabar said on Wednesday.

India gold buyers eye more falls- Reuters

India's Oct refinery output up 5 pct y/y - govt- Reuters

Oil up above $47 ahead of U.S. inventory report- Reuters

Insurance sector could grow 17 pct this FY - IRDA- Reuters

POLL - Inflation seen at 8.91 pct on Nov 22- Reuters

Telecom Italia to sell assets, cut workforce- Reuters

Rupee fairly steady, share market watched- Reuters

Spicejet says no lasting drop in traffic after attacks- Reuters

Germany's MAN to be 50:50 partner in Force Motors JV- Reuters

Hero Honda sees sales under further pressure- Reuters