By Bharath Rajeswaran BENGALURU (Reuters) -India’s blue-chip indexes posted their worst session in 19 months on Wednesday, led by a slide in top private lender HDFC Bank after its quarterly results. The blue-chip NSE Nifty 50 shed 2.09% to 21,571.95, while the S&P BSE Sensex lost 2.23% to 71,500.76. Both indexes posted their biggest single-day …
HDFC Bank sparks worst day for India’s Nifty, Sensex since June 2022 Read More »
BEIJING (Reuters) – The market penetration of genetically modified crops in China could reach 85% within three-to-five years once the industry is fully commercialised, GMO developer Beijing Dabeinong Technology said. Dabeinong said its forecast is based on the experience in the United States, Brazil and Argentina, where GM corn, soybeans and wheat are widely planted. …
China’s GM crops can hit 85% market penetration in 3-5 years, says Dabeinong Read More »
By Bharath Rajeswaran and Haripriya Suresh BENGALURU (Reuters) – Fund flows into India’s information technology stocks both from local and global investors are expected to rise gradually over the next two quarters, led by growing optimism for a soft landing of the U.S. economy and better-than-expected earnings, analysts said. Shares of India’s IT companies, which …
Fund flows to Indian IT stocks set to rise on positive earnings surprise – analysts Read More »
SHANGHAI (Reuters) – China’s BYD plans to end production of the pouch-type batteries used in its best-selling hybrids as the automaker seeks to address durability concerns and the risk that they could leak, said three people familiar with the matter. The world’s top seller of battery-powered cars last month began converting production lines for pouch-type …
BANGKOK (Reuters) – A Thai court on Wednesday dismissed terrorism charges against 32 political activists who led an anti-government protest that shut down Bangkok’s two main international airports in 2008, their lawyer said. Thirteen out of 32 leading members of the People’s Alliance for Democracy (PAD) will still have to pay a fine of 20,000 …
Thai court dismisses terrorism charges against activists for 2008 airports closure Read More »
BENGALURU (Reuters) -Shares of India’s HDFC Bank fell more than 8% on Wednesday, their worst day since March 2020, after the country’s biggest private lender reported weak margins for a second consecutive quarter. While HDFC Bank’s standalone net profit for the third fiscal quarter beat analyst estimates, its core net interest margin (NIM) on total …
India’s HDFC Bank posts worst day in nearly 4 years on margin concerns Read More »
SHANGHAI/BEIJING (Reuters) -SAIC Motor Corp plans to add 14 vehicle vessels in the next three years to its fleet of carriers as the state-owned Chinese automaker aims to boost sales in overseas markets, it said on Wednesday. SAIC-owned Anji Logistics operates 31 carriers that have been shipping vehicles produced by Chinese automakers including Dongfeng, Yutong …
China’s SAIC set to add 14 vehicle vessels to boost exports Read More »
By Hyonhee Shin SEOUL (Reuters) -South Korea has sanctioned two individuals, three entities and 11 ships linked to North Korea’s nuclear and missile programmes, its foreign ministry said on Wednesday. Faced with drawn-out gridlock at the United Nations, Seoul has turned to slapping sanctions on Pyongyang independently or together with Washington and Tokyo, seeking to …
South Korea imposes sanctions linked to North’s weapons development Read More »
KUALA LUMPUR (Reuters) – A Malaysian court on Wednesday charged two local filmmakers for intentionally “wounding the religious feelings of others” through their film, their lawyer said, in a move condemned by rights groups as a threat to freedom of expression in the country. The director and producer of local film, “Mentega Terbang”, were charged …
Malaysia court charges filmmakers for ‘wounding religious feelings’ Read More »
By Una Galani DAVOS, Switzerland, Jan 17 (Reuters) – Supply cuts by OPEC+, costly shipments from some traditional Middle East suppliers and geopolitical tension is driving India, the world’s third biggest oil importer, to diversify its crude sources and accelerate its energy transition, its Oil Minister Hardeep Singh Puri said. “Whenever there is vulnerability and …
India to keep diversifying oil supply, accelerate energy transition -Oil Minister Read More »
