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Stocks In News

 

IEX

Board decides not to go ahead with buyback

Commences trading in Solar REC after gap of 1 Year

CYIENT

Step Down Arm To Buy Entire Stake In AnSem NV For $17 Mn

THERMAX

Bags Rs 279 Cr Order To Set Up Captive Plant At Trombay

Plant Has Capacity Of 50 MW On An EPC Basis

FORTIS HEALTH

Board takes no decision on bids

Couldn't discuss bids due To Renuka Ramnath's Resignation

Board to meet today to discuss the restructuring

BHARTI AIRTEL

Airtel, Vodafone may sell controlling stake in Tower Firm

Telcos may jointly negotiate black sale of combined 66.6% stake

KKR, Providence, Brookfield & ATC could be potential buyers

  • SENSEX

    35,009.74 296.14   (0.85 %)
  • NIFTY

    10,704.05 86.25   (0.81 %)
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News In Brief

 

    Fitch affirms India rating at 'BBB-', with stable outlook

    New Delhi: Rating agency Fitch has affirmed India's rating at 'BBB-', with stable outlook, saying weak fiscal balances constrain ratings.

    (PTI) 

    Euro zone inflation to rise but only gradually: ECB's Mersch

    Frankfurt: Euro zone inflation will continue to rise but only slowly, ECB board member Yves Mersch said on Friday, largely repeating the bank’s policy message from its rate meeting on Thursday.

    “Overall, the underlying strength in the euro area economy continues to support our confidence that inflation will converge towards our aim over the medium term,” Mersch said in Sofia. “Yet, inflation convergence will likely proceed only gradually, and remains contingent on a highly accommodative monetary policy stance. The transition towards policy normalisation will begin once the Governing Council assesses there has been sustained adjustment in the path of inflation,” Mersch said.

    (Reuters)

    Euro zone starts talking about life after the Greek bailout

    Sofia: Euro zone finance ministers started discussions on Friday on Greece’s exit from eight years of international bailouts, focusing on how Athens plans to boost economic growth and complete the remaining reforms agreed with its creditors.

    “We will focus on the conclusion of the (bailout) program. We see good signs from Greece, definitely on the fiscal front,” the chairman of euro zone finance ministers Mario Centeno told reporters on entering the meeting.

    (Reuters)

    Modi, Xi open talks in Wuhan

    Wuhan, China: Indian Prime Minister Narendra Modi and Chinese President Xi Jinping on Friday opened their two-day informal talks in the central Chinese city of Wuhan. 

    Modi arrived at the Hubei Provincial Museum at around 3.30 p.m. and warmly shook Xi's hand for 30 seconds.

    (IANS) 

    Bandhan Bank fourth-quarter profit rises 20 percent

    Bandhan Bank Ltd, which had a stellar market debut last month, reported an about 20 percent jump in quarterly profit, helped by higher interest income.Net profit rose to 3.88 billion rupees ($58.09 million) in the three months ended March 31, from 3.22 billion rupees a year ago, the Kolkata-based bank said in a statement here on Friday.

     Gross bad loans as a percentage of total loans stood at 1.25 percent at end-March, compared with 1.67 percent in the previous quarter and 0.51 percent a year earlier.Interest earned during quarter was up 25 percent.

    (Reuters) 

    SC stays trial of Kathua gangrape and murder case till May 7

    New Delhi: The Supreme Court on Friday stayed the trial of Kathua gangrape and murder case.

    (PTI)

    Acting Armenian PM rejects talks with opposition leader: Ifax

    Moscow: rmenia’s acting prime minister, Karen Karapetyan, has rejected a proposal by opposition leader Nikol Pashinyan to hold talks on Friday amid anti-government protests, the Interfax news agency reported.

     Pashinyan said earlier on Friday he had met with President Armen Sarkissian to discuss a way out of the political crisis in the country. 

    (Reuters) 

    Electrolux first-quarter core profit lags forecast

    Stockholm: Swedish home appliance maker Electrolux reported lower than expected first-quarter core operating earnings on Friday and said rising raw material costs would take a greater toll this year than previously forecast.

    Adjusted operating earnings at the maker of appliances under brands such as Frigidaire, AEG and Anova as well as its own name, fell to 1.36 bn crowns ($157 mn) from a year-ago 1.44 bn, lagging a mean forecast of 1.48 bn in a poll of analysts. The results and earnings estimate excluded a charge related to consolidation of freezer production to its plant in Anderson, South Carolina.

    (Reuters)

    French consumer spending rises less than expected in March

    Paris: French consumer spending rose less than expected in March as spending on energy and clothes fell, data released on Friday by the INSEE statistics agency showed.

    INSEE said that consumer spending rose 0.1% in March from February, falling well short of an average expectation of 0.5% in a Reuters poll of 14 economists. Spending rose 1.4% on food in March and 0.7 % on manufactured goods while spending fell 1.6% for both energy and clothes after temperatures improved following a particularly cold February.

    (Reuters)

    French inflation rises in April to five-and-a-half year high of 1.8 percent

    Paris: French inflation rose unexpectedly in April to hit a five and a half year high, preliminary EU-harmonised data from the INSEE statistics agency showed on Friday.

    INSEE said French consumer prices rose 0.1 percent in April, giving a 12-month rate of 1.8 percent, the highest since October 2012 and up from 1.7 percent in March.

    (Reuters)

    France's Le Maire says EU must be ready to react to US trade tariffs

    Sofia: France’s finance minister said on Friday the European Union must be ready to react to a possible rise of United States’ trade tariffs on EU steel and aluminum.

    “The EU has to be ready to take all the appropriate decisions if the American administration decides to raise tariffs on the EU,” Bruno Le Maire told reporters at a meeting of euro zone finance ministers in Sofia, the Bulgarian capital.

    (Reuters)

    Armenian protest leader, president met to discuss way out of crisis: Ifax

    Moscow: Armenian protest leader Nikol Pashinyan said he had met with President Armen Sarkissian to discuss a way out of the political crisis in the country, the Interfax news agency reported on Friday.

    Armenia, a close Russian ally, is in the middle of a political crisis after two weeks of anti-government protests and the resignation of Serzh Sarksyan as prime minister on Monday.

    (Reuters) 

    Foodgrain prices rule steady

    Chennai: Prices of all commodities ruled steady in the wholesale foodgrain market here today.

    Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise): Thoor Dal Rs 6,800, Urad Dal Rs 6,700, Moong Dal Rs 7,000, Gram Dal Rs 4,650, Sugar Rs 3,050, Wheat Rs 2,600, Maida (90 kg) Rs 2,400 and Sooji (90 kg) Rs 3,000.

    (PTI)

    Rehn proposed as Finland's next central bank chief

    Helsinki: The European Union’s former top economic official Olli Rehn is proposed to become the next governor of the Bank of Finland, the Nordic country’s parliamentary supervisory council said on Friday. 

    Rehn, currently the bank’s deputy governor, was widely considered as the favourite for the job that also includes a membership in the European Central Bank’s rate-setting governing council.  The nomination for the seven-year term will be made by the President of the Republic, expectedly during next month.

    (Reuters) 

    Turkey to open investigation into steel imports, EU exempted

    Istanbul: Turkey will open an investigation into whether iron and non-alloy steel imports harm local producers, the government said on Friday.

     Producers from the European Union, which Turkey aims to join, will be exempted from the investigation, the government said. The statement was published in the Official Gazette, which Ankara uses to announce new policies.

    (Reuters)

    Kim becomes first North Korean leader to cross border into South since war

    Seoul: North Korean leader Kim Jong Un crossed the border into South Korea for the first time on Friday, where he was greeted by the South’s president, Moon Jae-in ahead of the two Koreas’ first summit in more than a decade.

    The two leaders smiled and shook hands after which Kim Jong Un gestured to Moon they cross over to North Korea briefly, which they did for a few steps, then returned to the South, holding hands.

    (Reuters) 

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