Asian Economics news

 

  1. Gold extended gains for the second straight week

    Siasat.com - Finance 05.28 / 16:12 siasat.com
    Mumbai: Gold extended gains for the second straight week at the bullion market, tracking a firm global trend amid persistent buying by local jewellers to meet wedding season demand at domestic spot markets. Silver followed suit and recaptured the Rs 40,000-mark on increased offtake by industrial units and coin-makers. Trading sentiments remained firm on the…
  2. Markets zooms to 31,000 milestone during the week, up 563 points

    Siasat.com - Finance 05.28 / 16:12 siasat.com
    Mumbai: Markets sailed to hit newrecord highs of 31K on strong buying, thus logging a continous third consecutive weekly gains, while the broader Nifty touched 9,600-level for first time ever during the week. The eventful week saw the market gaining three out of five trading session, loomed by derivative expiry week amid grim global situation…
  3. Sensex makes history, takes 31,000; Nifty on new peak

    Siasat.com - Finance 05.28 / 16:12 siasat.com
    Mumbai: Stocks defied gravity for the second straight session today, propelling the Sensex past the 31,000- mark for the first time ever on the third anniversary of the Modi government. The broader Nifty too breached the 9,600-level, also in a first, before settling at a record high of 9,595.10. Sustained buying, both by domestic and…
  4. General insurance industry's premium grows 16% to Rs 12,206 crore in April

    Business-standard.com - Finance 05.28 / 10:02 business-standard.com
    The private sector GI companies have beaten state-owned peers in terms of gross premium in…
  5. Right time for RBI to cut down interest rates, says CII

    Business-standard.com - Finance 05.28 / 09:30 business-standard.com
    Global commodity prices have moderated and food prices are down, said CII Director…
  6. Finalisation of GST rates draws $4 bn foreign cash to capital markets

    Business-standard.com - Finance 05.28 / 08:56 business-standard.com
    The investors' sentiment got a further boost after the US Fed postponed a rate…
  7. Govt begins hunt for new SBI chief to replace Arundhati Bhattacharya

    Business-standard.com - Finance 05.28 / 08:24 business-standard.com
    Bhattacharya's term comes to an end on Oct…
  8. Bank of Baroda to raise Rs 9,000 cr via equity dilution this financial year

    Business-standard.com - Finance 05.28 / 07:23 business-standard.com
    For March quarter, BoB reported Rs 154.72 cr profit as provisions for bad loans witnessed a…
  1. GST impact: Govt expects lower phone bills, telcos differ

    Business-standard.com - Companies 05.28 / 20:11 business-standard.com
    Under GST, telcos have to pay an 18% levy but can claim input tax…
  2. GST: Auto, tyre makers calm dealers with assurances

    Business-standard.com - Companies 05.28 / 20:11 business-standard.com
    Dealers have been told that loss due to transition to GST would be protected by…
  3. Pakistan’s hottest day recorded in Turbat

    Blogs.tribune.com.pk - Business 05.28 / 19:46 blogs.tribune.com.pk
    The temperature equalled the one measured on May 27, 2010 in Mohenjo Daro which broke a 12-year record The post Pakistan’s hottest day recorded in Turbat appeared first on The Express T…
  4. Airlines collected UK airport tax despite exemption, claim travel agents

    Business-standard.com - Companies 05.28 / 19:41 business-standard.com
    (with box/chart - see below)Teenagers may have paid a higher price for air travel from the UK for over a year as airlines did not inform agents of a tax exemption. All passengers departing from an airport in the UK pay air passenger duty (APD), which varies according to distance and class of travel. While economy class passengers till the age of 12 are exempted from the APD, the UK authorities extended the exemption below the age of 16 from March 2016. The Travel Agents Federation of India…
  5. Manila-based men's salon eyes branch in Davao City

    Sunstar.com.ph - Business 05.28 / 18:49 sunstar.com.ph
    M BARBERS Salon, a brand of men salon by celebrity hairstylist Jing Monis, targets to open a branch in Davao City by next year, together with another branch of Hair Philosophie. During the launching of Dyson Ltd. at Chimes Boutiques, Sales Street last Friday, May 26, Jing Monis told Sunstar Davao that he plans to bring in M Barbers Salon to Davao City following the success of his Hair Philosophie by Jing Monis which opened August of last year at Abreeza Ayala…
  6. Four Arezzo Place buildings sold out

    Sunstar.com.ph - Business 05.28 / 18:49 sunstar.com.ph
    THE units of buildings one to four of Phinma Properties' Arezzo Place Davao (APD) has already been sold out, an executive said. Rhoda Cua, APD Sales Head, said in an interview on Saturday said one of the factors that helped them to sell their units was their booth at SM Lanang Premier, where many of their sales came from. “All in all, the five buildings we are selling, we are already at 80 percent sold out,” Cua said, adding that she hopes to finish the sales of the five buildings by July o…
  7. Profiteers increase fruit prices with advent of Ramazan in Karachi

    Suchtv.pk - Business 05.28 / 18:37 suchtv.pk
    Profiteers in Karachi have raised the fruits prices owing to its rising demand in Ramazan. All the fruits available in market have witnessed an increase landing the fast observing faithful into a worrisome state. Apples are being sold between Rs250-300/ kg, mangoes Rs120-150/ kg, bananas Rs150/ dozen, watermelon Rs40/ kg, melons Rs60/ kg, peaches Rs160/kg. The price list issued by the Commissioner of Karachi is not in effect in any of the shops. People have demanded the government to…
  8. Past 7K, Maruti Suzuki still has enough vroom to keep going

    Business-standard.com - Companies 05.28 / 18:06 business-standard.com
    Strong product line & higher mix of premium vehicles will help improve margins & gain market…
  1. Beijing bling: Hyundai plots China branding reboot after missile row

    Business-standard.com - Markets 05.28 / 19:41 business-standard.com
    Hyundai to consider brand rebooting in China to enhance China-Korea…
  2. Trump blasts media over Kushner's alleged ties with Russia

    Business-standard.com - Markets 05.28 / 19:41 business-standard.com
    Leaks coming out of the White House are fabricated lies made up by the #FakeNews media:…
  3. Europe should not rely on allies during uncertainty, says Angela Merkel

    Business-standard.com - Markets 05.28 / 19:41 business-standard.com
    German Chancellor commented post contentious meetings with Trump at NATO and G7 summit…
  4. British Airways says outsourcing not to be blamed

    Business-standard.com - Markets 05.28 / 19:41 business-standard.com
    BA thrashes GMB union's claim that outsourcing of IT jobs to India is responsible for…
  5. British Airways: Heathrow turbulence ending

    Business-standard.com - Markets 05.28 / 19:41 business-standard.com
    British Airways resumes some flights from Britain's two biggest…
  6. Trump's unclear consensus leaves G7 leaders divided on climate change

    Business-standard.com - Markets 05.28 / 19:09 business-standard.com
    Trump's reluctance to embrace global climate deal signed by 195 countries annoyed Angela…
  7. Union blames outsourcing of IT jobs to India for meltdown

    Business-standard.com - Markets 05.28 / 19:09 business-standard.com
    As the reason behind cancelling all flights on Saturday from Heathrow & Gatwick…
  8. British Airways resumes flights from London

    Business-standard.com - Markets 05.28 / 17:19 business-standard.com
    After a global computer system failure created chaos, causes problem for airline &…
  1. Gurugram: Seven years on, Fresco residents wait for occupany papers

    According to the residents, the developer is yet to procure occupancy or completion certificates, in the absence of which, Huda is not ready to provide water connections while MCG is not prepared to take over the society for…
  2. In a day, Lucknow development body razes four, seals 17 buildings

    While four buildings were bulldozed and over a dozen unauthorised buildings sealed across the city, an LDA supervisor and a police constable received severe injuries in the afternoon during the drive in…
  3. Pune development body to raze 1,650 illegal buildings

    These will be pulled down in the next six months under the supervision of the police officers who are part of the anti-encroachment cell of the…
  4. New BRTS corridor in Pimpri Chinchwad to start in November

    According to civic chief Shravan Hardikar, the Pimpri Chinchwad Municipal Corporation (PCMC) will also host the Asia conference on BRTS in the same…
  5. Maharashtra govtt set to revoke Andheri slum redevelopment by errant builder

    In lieu of the massive FSI for redevelopment of slums, Chamankar had agreed to construct Maharashtra Sadan in New Delhi, High Mount Guest House in south Mumbai and staff quarters at Andheri…
  6. SM Proper Plus to launch new projects

    Pattayatoday.net - Real Estate 05.27 / 15:10 pattayatoday.net
    Ekarath Champa, CEO of SM Proper Plus, plans to open new projects with estimated value of 1.245 billion baht in Nakorn Panom province, both detached houses and condominiums. According to the economic growth trend and border trade investment promotion area, this will be the location of the third Thai-Laos friendship bridge, along with the near future rail system connected with China, Vietnam and Laos, Nakorn Panom seemed to be foreseen as the fruitful futuristic investment city. Phongsak…
  7. Sansiri confident of Pattaya’s real estate revival

    Pattayatoday.net - Real Estate 05.27 / 15:10 pattayatoday.net
    Sales to Thais and foreigners rising steadily Sansiri Public Company Limited is confident of continued demand for holiday homes by Thai and foreign customers in Pattaya as the resort city remains one of the preferred tourist destinations in the country resulting in increased interest among investors in this venerable holiday city. The 2016 overall sales growth over the previous year among Thai and foreign customers in the condominium and single house markets, or the rental market, was as…
  8. Smuggled Amma Cement sold in open market in Vellore

    Apart from this, subsidised cement bags are also being sold to the beneficiaries through the Tamil Nadu Civil Supplies go…
  1. NGO calls for fast-track courts in medical negligence cases

    A non-governmental organisation fighting for patients' rights in India on Sunday pressed for an amendment to the Consumer Protection Act for disposal of cases of medical negligence through fast-track…
  2. IT sector employment generation increasing in Odisha

    Financialexpress.com - Industries 05.28 / 17:38 financialexpress.com
    The Odisha government today said the IT sector has taken a giant leap since its formation 17 years ago with the employment generation increasing from 1,500 in the year 2000 to 17,000 in 2017. The post IT sector employment generation increasing in Odisha appeared first on The Financial …
  3. BMW to stop production in China, South Africa on supply shortage

    Financialexpress.com - Industries 05.28 / 15:58 financialexpress.com
    BMW’s profitability dropped in the first quarter, as an ageing production lineup led the company to offer incentives to accelerate sales. The post BMW to stop production in China, South Africa on supply shortage appeared first on The Financial Ex…
  4. Massive power outages across Karachi on first day of Ramazan

    Karachi, which is Pakistan's premier industrial and financial centre, suffered a lengthy power breakdown starting in the early hours of Sunday and the issue has still not been…
  5. China's coal-rich Shanxi province suspends mines development till 2020

    Authorities in China's Shanxi province have decided to suspend or hold back the development of coal mines with a capacity of 120 million tonnes or more till…
  6. Gulf falls on global crude oil output deal, property firms aid Egypt

    Last Thursday's oil output deal may put a floor under oil prices at around $50 a barrel for Brent crude, which could allow Gulf governments including Riyadh to spend a little more on economic growth this…
  7. Iran to hold tender for Azadegan field "within days"- NIOC chief

    Invitation letters to submit proposals will be sent to 29 international companies, including Shell, Total , CNPC, Lukoil, Pertamina and OMV , Press TV…
  8. Cattle ban will affect Meat Products of India’s business, says Shaju Jacob

    Financialexpress.com - Industries 05.28 / 14:14 financialexpress.com
    Amid a public outcry over the Centre's notification banning sale of cattle for slaughter, a PSU in Kerala fears that its business will be badly hit for want of raw materials. The post Cattle ban will affect Meat Products of India’s business, says Shaju Jacob appeared first on The Financial …