Aug 30, 2013 10:24 AM ET
Stocks in Japan closed down for the week and for the month and the Nikkei index declined 2% in August. Unemployment rate declined to 3.8% in June inflation in July rose to 0.7%. Investors took a cautious outlook for Japanese stocks after a sharp surge in the year and steady decline since May 23.
Aug 30, 2013 9:19 AM ET
Jindal Steel & Power tumbled after board approved a stock buyback plan. L&T secured new orders worth Rs 807 crore. LIC increased stake in State Bank of Inida. MphasiS net jumped 9%. REC plans to raise $544 million. Rolta India net swung to a loss.
Aug 29, 2013 10:10 AM ET
Stocks in Tokyo edged higher after declining for three days in a row. Japanese government bond yields fell and the government completed the sale of $27 billion of 2-year debt.
Aug 29, 2013 9:04 AM ET
Hathway Cable plans to raise $15 million. KEC Intl to sell 7.5 acre land at Thane for $33 million. L&T and consortium won order for $170 million from ONGC. Renuka Sugars sell stake in Brazilian unit worth $1.3 billion. RIL won approval to invest $3.2 billion to expand oil exploration.
Aug 28, 2013 10:29 AM ET
Stocks in Tokyo traded lower and the Nikkei extended losses as the prospect of U.S.-led military strike against the Syrian regime increased. The yen gained against the dollar. Toyota, Honda, Nissan and Sony fell more than 2%. Turkish lira and Indian rupee drop to record lows.
Aug 28, 2013 9:44 AM ET
ITC plans to spin-off non-engineering business. NMDC acquired exploration licence from Australia based TNG Ltd. Pratibha Ind secured contract worth Rs 231 crore. RECL plans to raise Rs 5,000 crore through tax-free bonds.
Aug 27, 2013 10:22 AM ET
Indexes in Japan closed lower and investors awaited policy announcements on sales tax and labor market reforms. Nissan Motor plans to spend$5 billion and increase its production capacity to 2 million vehicles in the U.S. by 2014. ANA Holdings plans to invest 10% stake in Myanmar based airline.
Aug 27, 2013 9:18 AM ET
Crisil will sell 49% stakes in index ventures with National Stock Exchange. CX Partners agree to buy 28.3% stake of Biba Apparels valued Rs 300 crore. HUDCO plan to raise $195.28 million via private placement of tax free bonds.
Aug 26, 2013 10:04 AM ET
Stocks in Tokyo closed lower in choppy trading as investors awaited more reforms and clarity on the widely expected and unpopular move to increase sales tax. Builders and real estate companies were in focus ahead of Summer 2020 Olympics meeting in two weeks.
Aug 26, 2013 9:08 AM ET
GAIL and Qatar are in talks to finalize long term natural gas purchase and a possible stake sale in Petronet LNG. Jindal Steel secured five exploration licenses in African countries. ONGC agreed to acquire a 10% stake for $2.6 billion stake in Mozambique oil field.