Jan 16, 2016 11:04 AM ET
Nikkei average closed down as markets in Asia dropped for the second week in a row. Nikkei extended weekly loss to 3.4% and plunged nearly 10% in 2016.
Jan 15, 2016 8:47 AM ET
Stocks in Mumbai traded lower and extended weekly and year loss after weak profit from Hindustan Lever added to global market jitters. Emerging markets and commodities continued to struggle on the growing worries that China may let yuan drift lower by another 10% to sustain exports.
Jan 14, 2016 5:33 AM ET
Market indexes on Dalal Street extended weekly losses and the rupee dropped to a new record low despite the crude oil price falling to 12-year low. Infosys said quarterly profit rose 7%. Everest Industries net more than doubled. Cyient net declined 12%.
Jan 14, 2016 12:59 PM ET
Nikkei in Tokyo dropped 2.7% as markets in Asia extended losses. Investors turned cautious on the worries that the global economic growth may slow down on the persistent decline in energy prices and deepening deflation in China.
Jan 13, 2016 1:24 PM ET
Nikkei average in Tokyo soared 2.9% after China reported smaller-than-expected decline in exports in December. The Bank of Japan said M2 and M3 money stock increased in December.
Jan 13, 2016 9:33 AM ET
Tata Consultancy Services said quarterly profit was flat and revenues rose 0.7%. Bharti Airtel plans to sell its two units in Africa to France-based Orange. Tata Power plans to raise ₹500 crore through a debenture offering.
Jan 12, 2016 11:40 AM ET
Sensex in Mumbai extended weekly losses and the rupee drifted near record low. IndusInd Bank surged 30%. L&T extended construction order wins in 2016. NIIT received contract worth £23 million from a U.K based regulatory agency.
Jan 11, 2016 6:13 AM ET
Tata Motors said Jaguar Land Rover December sales jumped 5%. Anil Ambani-led Reliance Group and Andhra Pradesh state government agreed to set up a defence manufacturing unit with an initial investment of $800 million.
Jan 07, 2016 10:16 AM ET
Nikkei average in Tokyo declined 2.3% and extended weekly losses to 6.6% after a surprise devaluation in China put investors on guard. Shanghai stock trading was halted for the second day this week after the index dropped 7% in the first 29 minutes of trading.
Jan 07, 2016 10:07 AM ET
Sensex in Mumbai declined after markets in Asia plunged between 2% and 3%. Markets in Asia fell after China allowed its currency to fall further and faster. The central government of India plans to sell its $1.3 billion stake in Axis Bank.