Page 1319 - Business Finance
Corrected: Global Markets - Asia shares subdued after May's Brexit vote defeat, pound steadies
(Corrects number in 12th paragraph for China central bank's net daily cash injection, making it $82.73 billion)
Australia Stocks extend gains
Risk appetite buying continued in the Sydney market today as investors were encouraged to see China makes moves to stimulate growth. China's leaders plan to reduce taxes, increase government spending, and provide financing to private and small enterprises in a bid to strengthen the world's second-largest economy. China is enduring its worst slowdown since the global financial crisis, partly because of a punishing tariff dispute with the U.S.
Texmaco Rail & Engineering receives orders worth Rs 262 crore
Further, the Company has received LOI for 12 rakes of BLC type wagons valuing Rs. 152 crore.
Etihad proposes to invest in Jet Airways at 49 percent discount - report
(Reuters) - Etihad Airways has offered to pick up shares of debt-laden Indian carrier Jet Airways Ltd at a 49 percent discount and to immediately release $35 million after certain conditions are met, CNBC-TV18 reported on Wednesday.
Sensex, Nifty sink in negative zone
Key indices erased intraday gains and sink in negative zone in mid-morning trade. At 11:23 IST, the barometer index, the S&P BSE Sensex, was down 6.37 points or 0.02% at 36,311.96. The Nifty 50 index was down 3.90 points or 0.04% at 10,882.90. Most FMCG stocks declined.
Start-up Bamboo Airways launches flights in crowded Vietnam market
HANOI (Reuters) - Bamboo Airways launched its long-delayed maiden commercial flight on Wednesday to become the fifth Vietnamese airline, heightening competition in the aviation sector of the Southeast Asian nation which is emerging as a popular tourist destination.
Indian shares edge higher powered by energy, financials
(Reuters) - Indian shares rose on Wednesday, with energy and financial stocks accounting for nearly half the gains in the index amid expectations that Reliance Industries Ltd will report a good set of numbers for the quarter ended December.
KPIT Technologies slips after weak Q3 earnings
KPIT Technologies fell 4.04% to Rs 202.95 at 10:58 IST on BSE after consolidated net profit fell 21.36% to Rs 64.93 crore on 6.60% decline in net sales to Rs 563.70 crore in Q3 December 2018 over Q2 September 2018.
Etihad to invest in Jet Airways at discounted 150 rupees/share - CNBC-TV18
(Reuters) - Etihad Airways has offered to invest in debt-laden Indian carrier Jet Airways Ltd at 150 rupees ($2.11) per share, along with an immediate release of $35 million after certain conditions are met, CNBC-TV18 reported on Wednesday, citing sources.
Volumes jump at HEG Ltd counter
HEG Ltd witnessed volume of 61621 shares by 10:48 IST on BSE, a 7.87 times surge over two-week average daily volume of 7829 shares
Majestic Auto reports consolidated net profit of Rs 19.21 crore in the December 2018 quarter
Sales rise 158.71% to Rs 35.78 crore
Sensex jumps 100 pts; Nifty reclaims 10,900 mark
Extending gains for the second session, the BSE benchmark Sensex Wednesday rose over 100 points tracking heavy buying by domestic institutional investors after the government said that the country's trade deficit had narrowed to a 10-month low. The 30-share index jumped 122.14 points, or 0.34 per cent, to 36,440.47 in early trade. Similarly, the NSE Nifty reclaimed the 10,900 mark by rising 33.75 points, or 0.31 per cent, to 10,920.55. On Tuesday, the Sensex had settled 464.77 points, or 1.30 per cent, higher at 36,318.33, while the broader Nifty rallied 149.20 points, or 1.39 per cent, to finish at 10,886.80. In morning session on Wednesday, the biggest gainers in the Sensex pack were IndusInd Bank, NTPC, SBI, Reliance Industries, ICICI Bank, Vedanta, Axis Bank, Tata Steel, PowerGrid, ONGC and Infosys, rising up to 1.35 per cent. While, ITC, TCS, Hero MotoCorp, HCL Tech, HUL and Sun Pharma were among the top losers, shedding up to 0.66 per cent. According to traders, despite weakness
China's Evergrande Health buys 51 pct of Swedish EV firm for $930 mln
HONG KONG (Reuters) - Evergrande Health Industry Group Ltd said it would buy a 51 percent stake in National Electric Vehicle Sweden AB (NEVS) for $930 million, as the Chinese healthcare service provider continues to diversify into new energy automotive industry.
Corrected: China central bank injects record net $83 billion in open market operations
(Corrects injection amount in headline to $83 bln from $51.6 bln)
Nissan plans to file for damages against Ghosn - source
TOKYO (Reuters) - Nissan Motor Co Ltd plans to file a civil suit against ousted chairman Carlos Ghosn to claim damages resulting from the alleged misuse of company funds, a person with knowledge of the issue said, adding to the high-profile executive's legal headaches.
China central bank injects record $51.6 billion in open market operations
SHANGHAI (Reuters) - China's central bank on Wednesday made its biggest daily net cash injection via reverse repo operations on record, more evidence that authorities are shifting to policy easing to counter a slowdown in the world's second largest economy.
Ruchi Soya Industries Ltd Slips 2.19%
Ruchi Soya Industries Ltd has added 23.47% over last one month compared to 1.21% gain in S&P BSE FMCG Sector index and 0.49% rise in the SENSEX
Fortis Healthcare completes acquisition of RHT assets
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After weak opening, rupee rises 13 paise to 70.92 vs USD in early trade
The rupee opened on a weaker note but soon pared the losses and appreciated by 13 paise to 70.92 against the US dollar in opening trade Wednesday, driven by gains in domestic equities and weakening of the greenback in overseas markets. The rupee opened on a weak note at 71.10 at the interbank forex market then lost further ground and touched a low of 71.12. The domestic unit however pared the losses and touched a high of 70.92, registering gains of 13 paise over it's previous close. Forex dealers said, selling of the American currency by exporters supported the rupee. The rupee Tuesday plunged by 13 paise to close at 71.05 against the US dollar. Forex traders said, fresh foreign fund-flows and easing crude oil prices supported the rupee up move. Foreign funds purchased shares worth Rs 159.60 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 417.44 crore Tuesday, provisional data showed. The benchmark BSE Sensex was trading .
Oil dips on global economic slowdown, but OPEC-led cuts provide support
SINGAPORE (Reuters) - Oil prices dipped on Wednesday on increasing signs of a global economic slowdown, although OPEC-led supply cuts helped support Brent crude above $60 per barrel.