Dec 23, 2013 5:50 AM ET
Government in Japan planned for higher tax revenues from rising corporate taxes and higher sales tax and revenues bonds to pay for 43% of total spending, lower than 46.3% in the current fiscal year that ends in March.
Dec 23, 2013 9:51 AM ET
Hindustan Construction won a contract worth Rs 1,597 crore for power project in Uttrakhand. Il&Fs awarded a joint venture contract worth Rs 144.65 crore for a railway project. Qatar Investment is in talk with Kotak Realty Fund to invest $200 million.
Dec 20, 2013 1:07 PM ET
Stocks in Japan closed higher and extended weekly gain to 3% and the yen eased and fell below 104 against one dollar. Bank of Japan kept its plan to expand monetary base intact and said inflation expectations are rising.
Dec 20, 2013 10:40 AM ET
Bajaj Electricals estimated Rs 5,000 crore sales in fiscal 2014. Maruti Suzuki rose after its parent in Japan plans to increase its holding. IDFC reduced foreign holding to secure a banking license.
Dec 19, 2013 12:36 PM ET
Nikkei in Japan soared following the Fed announcement of gradual tapering plan and low interest rate for two more years. The clarity form the U.S. Fed lifted market sentiment. Tokyo Electron estimated net loss on the write down of its solar business.
Dec 19, 2013 9:20 AM ET
BHEL awarded Alstom India a contract worth Ä125 million. Adani Ports completed port project worth Rs 400 crore and eight months ahead of schedule. AIA Engineering plans to double production capacity. DLF sold its insurance business to Dewan Housing.
Dec 18, 2013 12:07 PM ET
Stocks in Tokyo surged on the expectations of details of economic reform as early as this week. Japanís trade deficit in November surged to a record as fuel imports.
Dec 18, 2013 9:24 AM ET
Future Retail received regulatory approvals to sell 22.5% stake of its insurance business. L&T secured a $450 million order from Qatar. U.K. based retailer Tesco plans to acquire 50% stake for $110 million in Trent Limited.
Dec 17, 2013 11:09 AM ET
Indexes in Tokyo advanced for the first time in five days and the yen traded near five-year low. Japanese government budget is expected to expand at least 4.5% in the next fiscal year. Riso Kyoiku plunged 15% and the company plans to investigate possible fraud at a subsidiary.
Dec 17, 2013 8:59 AM ET
Apollo Tyres won an appeal against Cooper Tire merger proposal. Alstom signed an agreement to sell the property in Bengaluru for Rs 120 crore. HDFC Bank declined after RBI restricted additional foreign investor stake. IRB Infra was selected as a preferred bidder in road project.