Jun 28, 2013 11:45 AM ET
Core consumer prices reported by the government stopped falling in Japan in May and labor market demand increased to a five-year high. However, price increase is significantly below the Bank of Japanís target of 2%. The Nikkei index soared 3.5%.
Jun 28, 2013 9:08 AM ET
Asian Paints set record date to split stock 10-to-1. Dewan Housing is in talks to acquire a majority stake in DLF Pramerica Life Insurance. McNally Bharat secured housing construction order worth $40 million. YES Bank after it won a government approval to raise $450 million.
Jun 27, 2013 10:23 AM ET
Market indexes in Tokyo soared nearly 3% after Chinese credit market crunch eased. The yen rebounded above 98 against one dollar. Japanese institutional investors cut exposure to stocks record low in portfolio allocation in March. Real estate companies soared more than 8%.
Jun 27, 2013 8:09 AM ET
Hanung Toys sales jumped 14% but net swung to loss. Indraprastha Gas plans to buy 50% stake in Kanpur based Central UP Gas. Kalpataru Power secured new orders worth $200 million.
Jun 26, 2013 10:51 AM ET
Retail investors are losing appetite for stocks in Tokyo and smaller companies index plunged 12% and extended decline to 41% in a month. Topix and the Nikkei indexes also fell.
Jun 26, 2013 8:21 AM ET
Elder Pharma plans to sell its domestic formulations business. ING Vysya to raise $150 million through a qualified institutional placement. Tech Mahindra completed merger with Satyam Computer. Bharti Airtel faces $110 million of penalty from telecom regulatory authority.
Jun 25, 2013 7:56 AM ET
Market indexes in Tokyo closed lower and the yen rebounded above 98. ANA Holdings and the largest discount carried Air Asia plan to dissolve their joint venture. Sumitomo Life Insurance may bid for life insurance unit of PT Bank Negara Indonesia.
Jun 25, 2013 7:49 AM ET
Cairn India plans to invest $3 billion in its Rajasthan oilfields. Oil India and ONGC Videsh agree to acquire stake in Mozambique oil field from Videocon for $2.48 billion. Tata Steel is looking to raise $1.2 billion through stake sales in group companies.
Jun 24, 2013 9:20 AM ET
GMR Infrastructure seeks damages of $1.4 billion from the Maldives Airports Company. HCL and Vestas Wind Systems entered into a long-term collaboration. Jaiprakash Power halted power generation at its Uttarakhand. Indian jewelers plunge after local gold price declined to a 2-year low.
Jun 24, 2013 8:55 AM ET
The Nikkei in Tokyo turned lower in afternoon trading after stocks in Shanghai plunged more than 5% as cash shortage among banks persisted. Japanese ruling coalition won in local election in Tokyo lifting hopes for its majority in the upper house election in a month.