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India
Sensex trips 53 pts on weak global cues, earnings concern
The benchmark BSE Sensex fell by over 53 points in early trade on Friday, extending its slide for a second straight day on continued foreign fund outflows amid a weak trend in Asia. Besides, muted expectation of fourth quarter earnings weighed on sentiments.
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India Panama
Adani defence business ally has joint venture with Panama-hit Italian company
Alpha Design Technologies, an Indian defence electronics firm which recently tied up with Adani Aero Defence Systems, part of the Gautam Adani-led group, is also the main Indian partner of Elettronica, the Italian defence company whose name has surfaced in the ‘Panama Papers’ for allegedly paying commissions in India.
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India Regno Unito
Liberty House assembles team to bid for Tata Steel's UK business
Liberty House is aiming for a quick turnaround and isn’t interested in sustaining losses until the market bounces back, said Indian-origin businessman Sanjeev Gupta, whose company has already acquired Tata Steel assets in Scotland.
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India Regno Unito
Inability to find a quick buyer may make Tata Steel’s UK exit difficult
“The market is enthused by the possibility of the exit of Tata Steel from UK’s unprofitable assets. However, finding a buyer is unlikely to be very easy," Macquarie said.
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India
DRI probes over-valuation of coal imports by power cos
The Directorate of Revenue Intelligence (DRI) has issued a nationwide alert to its offices and customs formations to scrutinise coal imports for over-valuation.
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India
Modi's 'Make in India' a success: Moody's
Ratings agency Moody's has said that net foreign direct investment (FDI) inflows have hit an all-time high in early 2016, highlighting the success of Narendra Modi's 'Make in India' initiative.
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India Panama
Leaks show Mallya linked to Virgin Islands firm
Industrialist Vijay Mallya, who has been declared a wilful defaulter by Indian banks, figures in the offshore leaks by International Consortium of Investigative Journalists (ICIJ), whose Panama Papers have rocked the world in the last few days.
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India
SC asks Vijay Mallya to inform about return
The Supreme Court on Thursday asked liquor baron Vijay Mallya when he would come back to India and said he should first return for any meaningful negotiation on his offer to settle the Rs 9,000 crore he and his companies owe 17 public sector banks.
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India
Rs 500, Rs 1,000 note rumours, not polls, behind cash surge: SBI
The State Bank of India has said that RBI governor Raghuram Rajan's contention that polls are driving the surge in cash in the hands of the public does not explain the current spike, which is higher than other election years.
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Giappone
Tokyo stocks gain on buybacks
Amid a halt to the yen’s rise against the dollar, stocks gained further ground on the Tokyo Stock Exchange on Friday, backed by buybacks and buying on dips following the recent tumble. The 225-issue Nikkei average advanced 71.68 points, or 0.46 percent, to end at 15,821.52, after briefly slipping below ...