Jun 30, 2014 10:14 AM ET
Stocks in Tokyo extended the rebound in the quarter but indexes fell 6.9% in the first-half. Industrial output rose 0.5% in May and the economy is expected to shrink sharply after a surge in first quarter growth rate on the planned sales tax hike in April.
Jun 30, 2014 9:40 AM ET
Cipla acquired 51% stake in generic pharmaceutical business in Yemen. Indian Overseas Bank plans to raise Rs 1,200 crore or $200 million. Inox Leisure chain is in talks to buy Satyam Cineplexes for $36 million. ONGC plans to invest nearly $900 million in an offshore oil field near Mumbai.
Jun 27, 2014 10:34 AM ET
Nikkei Stock Average declined 1.4% on Friday and extended weeklong decline 1.7% after the latest measure of inflation showed an increase of 3.7% in May. Consumer spending declined 8% after the hike in sales tax and rising utility and gasoline prices.
Jun 27, 2014 8:57 AM ET
GVK Power is exploring options to reduce debt by selling equity stakes in businesses. Sumitomo Mitsui Trust may acquire 10% stake in RCapital valued at $400 million. Transformers & Rectifiers secured an order for Rs 161 crore from GETCO.
Jun 26, 2014 11:33 AM ET
Stocks in Tokyo advanced and investors focused on the probable revival of economic growth in the second quarter in the U.S. Rakuten, the online retailer, jumped 3% on speculation that the company may launch a discount airline with Air Asia.
Jun 26, 2014 8:50 AM ET
Crompton Greaves in a consortium won €150 million project in Netherlands. Essel Propack acquired its subsidiary EP Lamitubes. L&T acquired 74% stake in Thales Software India. RCom raised about $500 million to finance the maturing debt.
Jun 25, 2014 9:29 AM ET
Stocks in Tokyo closed lower and investors turned cautious as violence in Iraq spread to more regions. Euglena announced a plan to develop bio-diesel engine with Isuzu Motor. Toyota plans to begin selling fuel-cell vehicles in Japan by the end of this fiscal year.
Jun 25, 2014 8:58 AM ET
DCM Shriram sold its textile spinning mill in Rajasthan. Indian Hotels plans to raise Rs 1,000 crore through a convertible debenture issue. Parsvnath Developers expects to raise $168 million through land sales.
Jun 24, 2014 10:15 AM ET
Stocks in Tokyo closed higher and the yen traded below 102 mark against the dollar. Investors focused on the fiscal second-half and expectations rose of earnings revisions led by exporters and retailers. Mitsui Fudosan began its $3 billion equity offering today.
Jun 24, 2014 8:29 AM ET
Adani Ports acquired Dhamra Port. IRB Infrastructure secured a road project worth Rs 2,300 crore in Haryana. Power Grid Corp plans to invest more than Rs 5,500 crore in Chhattisgarh.