- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 01 Jul, 2010
- New York City
The decline in stocks continued for a week in Japan and Asia as investors question the health of global economy. Slowing manufacturing in China was the latest addition to these worries. However, Bank of Japan
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 09 Jul, 2010
- New York City
The benchmark index in Mumbai closed at a three week high on better than expected earnings and positive comments on telecom stocks. Reliance Power completed financing for its 4,000 MW project in Andhra Pradesh. HCL Infosystems buys 60% in NTS Group for about $6.5 million.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jul, 2010
- New York City
Mumbai stocks surged on the time arrival of monsoon rains and rising earnings expectations. The IMF lifted global economic outlook. Private estimates expect economic growth in India to increase to 8.5% from 7.4% in the previous year.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jul, 2010
- New York City
Stocks in Mumbai fell the most in four days led by ICICI Bank. NMDC plans to build a new pipeline for iron ore in Chattisgarh. Reliance calls for contractors to explore for onshore oil and coal bed methane. Bharti promises $600 million telecom investment in Nigeria.
- 123jump.com Staff
- 03 Jul, 2010
- New York City
Sales rose 6.3% to $10.1 billion an net income rose 33% to $973 million or 34 cents a share. Underlying volume growth for the quarter accelerated to 7.6%. Gross margin was up by 240 basis points. Underlying operating margin This improved by 60 basis points.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 06 Jul, 2010
- New York City
Stocks in Mumbai rallied 1% after monsoons rains spread to the rest of India. Cairn India crosses 100,000 barrel per day production mark in Mangala oilfield. MTNL rises on demand for reimbursement of spectrum fee. Ashok Leyland lifts truck sales guidance.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 05 Jul, 2010
- New York City
Stocks in Mumbai traded lower after the central bank lifted the key interest rate on Friday. Service industry index rises to a two-year high in June. Reliance Natural Resources merges with Reliance Power. Hindustan Media Ventures IPO opens for subscription.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 02 Jul, 2010
- New York City
Stocks in Mumbai traded lower. Reliance Communication acquires Digicable in all stock deal. Reliance Power gains after the U.S. based Exim Bank approve $600 million loan. Kesoram board approves $300 million expansion of its cement plant. Indraprastha Gas soars after raising PNG price.
- 123jump.com Staff
- 13 Jul, 2010
- New York City
Sales rose 22% to $633.6 million and net income rose 165% to $64.4 million or 50 cents a share. On a constant exchange rate basis, America''s sales increased 20% and comps rose 15% versus a comp decline of 32% last year. Operating margin rose to 16.6% in the quarter versus 11.5% last year.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 01 Jul, 2010
- New York City
Stocks in Mumbai declined after current account deficit surged to 2.9% of GDP. India levies carbon tax on coal producers from today. Parabolic Drugs falls below IPO price. BAG Films gains on news it may sell stake and fund sports channel in Hindi.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 08 Jul, 2010
- New York City
Stocks in China fell after resource tax was extended to cover mines across China. Hong Kong stocks rallied tacking gains in the U.S. Chongqing Iron & Steel said first half output surged 24.7%. Dongfeng Auto sales in the first-half soared 56%.
- 123jump.com Staff
- 06 Jul, 2010
- New York City
Sales rose 12.4% to $30.8 billion and net income rose 29.4% to $2.2 billion or 91 cents a share. operating margins of 11.2% were up 80 basis points over the prior year. Operating expenses increased 5% to $3.8 billion.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 07 Jul, 2010
- New York City
Stocks in China gained but in Hong Kong fell. China is proposing a price-based resource tax in western provinces. Agbank completes subscription period for its public offering. Everbright Securities to establish 15 new sales offices.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 06 Jul, 2010
- New York City
Stocks in China region rallied boosting other exchanges in Asia. Chalco plans to seek bank loans as market drop delays share sale. Taiwan and China may set up omnibus clearance mechanism. China Vanke sees 27.9% rise in property sales in June. Yutong Bus sales rises 49% in first-half.
- Mayank Mehta, Chandrasekhar Atreya and Sanjay Barot
- 05 Jul, 2010
- New York City
Stocks in China and Hong Kong declined after the expansion in the services sector and auto sales growth slowed in June. Anshan Steel buys stake in Jien Nickel. BoC unveils rights issue recapitalization plan. Carlsberg reaches impasse with Chongqing Brewery Co.