Economy 160
UK PM Johnson implores Trump: Please keep out of election
LONDON (Nov 29): Prime Minister Boris Johnson said it was best if US President Donald Trump did not get involved in Britain's upcoming election when he visits London for a NATO summit next week."What we don't do traditionally as loving allies and friends, what we don't do traditionally, is get involved in each other's election campaigns," said Johnson, whose Conservative Party has a commanding lead in the polls ahead of the Dec 12 election."The best (thing) when you have
Eversendai 3Q net profit down 89%, hit by high expenses
KUALA LUMPUR (Nov 29): Higher operating and administrative expenses pulled down Eversendai Corp Bhd's net profit for the third quarter ended Sept 30, 2019 (3QFY19) by 88.8% to RM1.47 million from RM13.14 million a year ago.Eversendai said the significant increase in the operating and administrative expenses was partly due to higher depreciation expenses and other fixed costs expensed to income statement by its mechanical fabrication, installation and modularisation segment. This was due to the under-utilisation of the Ras Al
Jio likely to bag Reliance Infra's tower, optical fibre for Rs 3,600 cr
Bharti Airtel has placed a bid of around Rs 1,800 crore for the same, according to the sources
Sebi advances margins determination period for commodity derivatives
Effective April 1, 2020, cut off time shall be kept at 5 pm for the purpose of determining minimum threshold of margins to be collected by members from their clients
Russia Reportedly Considers Ban on Using Crypto as Means of Payment
Russia is allegedly preparing a ban on the use of cryptocurrencies to pay for goods and services.
FinMin's claim of slowdown having bottomed out has analysts divided
Some analysts point to raw data available for the festive season and say any meaningful recovery is still to come
Opposition protest in Assam Assembly as onion prices reach Rs 100 per kg
They asserted that they will continue to protest in the same manner till the state government takes measures to control the price of onions, which is selling at Rs 100 and more per kg in the state
Slow Q2 GDP growth: Weak credit, manufacturing need fixing, say experts
The rate of economic expansion was the lowest in more than six years; it slipped from 5 per cent in Q1 this year and 7.1 per cent in Q2 of FY19
Former Nepal PM calls for trilateral partnership with India and China
Prachanda said Nepal being a sovereign and independent country should have equal status and say in the trilateral partnership
Q2 GDP, core sector data may push RBI to cut rates in December: economists
The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
Winter to be warmer, probability of above-normal temp in cold zones: IMD
The IMD has been issuing seasonal forecast for winter since 2016, and every forecast has predicted a warmer winter
This AI system may help doctors treat patients with traumatic brain injury
The study noted that the new AI system can predict the probability of the patient dying within 30-days with accuracy of 80-85 per cent
Govt extends mandatory FASTag roll out for toll payments to December 15
The Ministry of Road Transport and Highways had earlier announced that from December 1, toll payments on highways would be accepted through FASTags only
'Unemployment at its peak': Stalin slams Centre for lack of jobs, layoffs
As many as 7,000 graduates including engineers have applied for 549 posts of sanitary workers advertised by the Coimbatore City Municipal Corporation after which Stalin called for intervention
OYO's valuation continues to soar despite losses; hovers near $10-bn mark
The losses have reportedly mounted due to the rise in operating expenses fuelled by the company's aggressive expansion in overseas markets
New education policy can address crisis in technical education: AICTE chief
The chairman of the All India Council of Technical Education was addressing a national conference on 'Crisis in Technical Education in Bhubaneshwar
Hong Kong police end 12-day siege of university campus to arrest protesters
Police removed a stash of nearly 4,000 gasoline bombs left behind by protesters, who fought pitched battles about two weeks ago with riot officers on surrounding streets
Eurozone inflation firms but still below central bank goal
Official figures show that inflation across the 19-country eurozone rose in November but remains way below the level that the European Central Bank and its new president, Christine Lagarde, would like it to be.
1984 anti-Sikh riots: Probe complete, Centre seeks SC nod to disband SIT
The SIT was set up by the apex court on January 11 last year to supervise further investigation into 186 riots cases, in which closure reports were filed earlier
Nalco banks on long-term raw material security for alumina, aluminium ops
Coal mining to take off in 2020, Pottangi bauxite mine to go on stream in 2023
HDFC MF front-running case: Sebi slaps Rs 8.7 mn fine on 7 firms
In its latest order passed on Thursday, Sebi noted that the entities have disgorged the ill-gotten profits made by them along with interest in compliance with disgorgement orders
Agriculture Q2 growth shows marginal recovery at 2.1%; farmer incomes dip
Most rabi crops, including wheat, mustard and chana, were selling at 10% to 37% below the MSP in the first few months after their harvest
Dyson Pure Hot + Cool air purifier review: Expensive but worth every penny
Struggling for a breath of fresh air in a polluted city? The Dyson Pure Hot + Cool all-season air purifier may be a worthy product, but does it justify its premium price tag of Rs 54,900?
Bizongo emerges as the fastest-growing tech company in India
Data science firm TheMathCompany was ranked second and Vadodara-based communication automation solutions firm Phonon was ranked third for the Deloitte Technology Fast 50 India programme
Boustead posts loss in 3Q on impairments in heavy industries and property divisions
KUALA LUMPUR (Nov 29): Diversified group Boustead Holdings Bhd recorded a net loss of RM155 million for the third quarter ended Sept 30, 2019, versus a net profit of RM7.3 million a year ago.The loss, the group said in a bourse filing, was due to impairments in the heavy industries and property divisions, totalling RM161.3 million, as well as weaker results in other divisions.The group reported a loss per share of 7.65 sen against earnings per share of 0.36
Huawei plans legal challenge over exclusion from federal subsidies in US
The Federal Communications Commission last week branded Huawei and its Chinese rival ZTE as threats to US national security and blocked them from the fund
Bank of Ghana introduces higher 100 and 200 cedis denomination banknotes
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Huawei to challenge FCC decision on government subsidy program - WSJ
Huawei Technologies has decided to challenge a U.S. Federal Communications Commission (FCC) decision barring U.S. rural carrier customers from ...
Hallmarking of gold jewellery mandatory across nation from January 2020
Jewellers to be given a year's time to clear stocks that aren't hallmarked and get themselves registered
FM's remarks on economy disappointing, crisis entirely home grown: Sinha
Sinha said that even now, the government is largely in denial
Fiscal deficit for April-Oct touches Rs 7.2 trillion, exceeds FY20 target
This was 102.4% of the full-year target, compared with 103.9% for the same period last year
Top headlines: Q2 GDP growth slips to 4.5%, CEA defends tax cut & more
From Mukesh Ambani becoming ninth richest on Forbes' billionaires list to PM Modi announcing $50 million assistance to Sri Lanka, Business Standard brings you the top news of the day
Sebi brings norms for debt ETFs, issuer to have less than 15% index weight
Under the norms to be adopted by all mutual fund houses, the index will have a minimum of eight issuers, rating of the constituents of the index will be investment grade
Ibrahim Abdul Majid appointed as new CEO of Boustead Plantations
KUALA LUMPUR (Nov 29): Boustead Plantations Bhd today announced the appointment of Ibrahim Abdul Majid as its new chief executive officer (CEO), effective Dec 1.Ibrahim, 60, will take over from Mohamad Azlan Jaafar, who is standing in as acting CEO and will resume his responsibilities as deputy CEO.In a statement today, the group said Ibrahim has an extensive career in the palm oil industry, bringing with him 40 years of experience.He started his career with Sime Darby in 1979
Most SE Asian stocks slip as Sino-US tensions over Hong Kong continue to weigh
(Nov 29): Most Southeast Asian markets dropped on Friday, hurt by worries that a US law backing protesters in Chinese-ruled Hong Kong could disrupt ongoing trade negotiations, as the two countries try to strike a deal to diffuse a 16-month long trade war.All eyes were trained on China, which on Thursday warned of retaliation after US President Donald Trump signed legislation that, among other things, threatened sanctions for human rights violations in Hong Kong."Market will continue to wait for
Black Friday sees fewer shoppers in stores as spending moves online
Shoppers also worried that tariffs imposed by President Donald Trump on Chinese imports would make their holiday shopping more expensive
CEA Subramanian sees GDP picking up in Q3, says fundamentals remain strong
India's economic growth slowed to 4.5 per cent in the September quarter from 7.1 per cent in the corresponding period of last year
HCL Foundation invests more than Rs 160 crore in community projects in UP
UP accounts for 2/3rd of the Foundation's activity spend
Rajat Sharma's resignation as DDCA head accepted, CEO also makes exit
Sharma was appointed as DDCA President in July 2018, beating World Cup winning former India cricketer Madal Lal to the post
Britain's Ocado signs technology partnership with Japan's Aeon
British online grocer Ocado has signed a technology partnership with Japan's Aeon to help the retailer establish an online business, its first ...
EM stocks fall on trade deal doubts; Lira firms on central bank comments
BENGALURU (Nov 29): Emerging markets stocks fell on Friday on worries that a new US law backing Hong Kong protesters could hinder progress in resolving the Sino-US trade war, while comments from the Turkish central bank breathed new life into the lira.MSCI's stock index for emerging markets fell nearly 1%, extending losses to the second straight session after US President Donald Trump signed into law on Wednesday legislation that supported the protesters, a move that China said it would
Prof Danquah calls for a Presidential Initiative transformation of Agriculture
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Skyworth group to invest $100 mn on white goods factory in Telangana
The company proposes to make latest generation Lithium-ion batteries for electric vehicles, air conditioners, refrigerators and washing machines in the second phase expansion, according to the Shenzen
Amazon forest fires melting glaciers over 2,000 km away in Andes: Study
The study, published in the journal Scientific Reports, found that aerosols from biomass burning, such as black carbon, can be transported by wind to tropical Andean glaciers
Audit Service asked two assemblies to refund money
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Pollution watchdog to review existing guidelines on idol immersion: Govt
Some of the states like Karnataka, Andhra Pradesh, Maharashtra and Kerala have issued directions in accordance with the CPCB guidelines banning non-eco friendly material in making idols
Block.One Joins EOS Elections as One Entity Allegedly Controls 6 Block Producers
Block.One’s announced participation in EOS’s block producer elections has reignited concerns regarding the network’s centralization.
RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
Bitcoin Price Grinds Closer to $8K as $7,500 Support Remains Intact
Resistance closer to $8,000 remains but a bearish reversal back to the $6,000 range has yet to materialize, boosting trader sentiment.
Menang Corp posts loss in 1Q due to land clearing and earthworks expenses, corporate exercises
KUALA LUMPUR (Nov 29): Menang Corp (M) Bhd posted a net loss of RM503,000 in the first quarter ended Sept 30, 2019, compared with a net profit of RM967,000 in the corresponding quarter last year.In a bourse filing, the group attributed the loss to expenses stemming from land clearing, earthworks and provisions for the costs of proposed corporate exercises.It reported a loss per share of 0.1 sen compared with earnings per share of 0.2 sen last year.Quarterly revenue declined
India's Q2 GDP growth dips to over 6-yr low of 4.5%; manufacturing weighs
This GDP growth data for the September 2019 quarter is the lowest since January-March of 2012-13, when it was registered at 4.3%
House of the week: Cork city house has been a life-saver for ARC Cancer Support
A CORK city house that has been a life-saving, holistic home-from-home for many hundreds of persons given cancer diagnoses now looks set to return to private, family accommodation and ‘domestic service’ once more.
Market Wrap, Nov 29: Sensex tanks 336 points, Nifty closes at 12,056
During the day, the index hit a low of 40,664.18 levels. Reliance Industries, ICICI Bank, Hindustan Unilever, and State Bank of India contributed the most to the index's fall
Jewellery industry welcomes mandatory hallmarking from Jan 2021
Gold hallmarking is a purity certification of the precious metal and is voluntary in nature at present
No change in prices of RON97, RON95 and diesel
KUALA LUMPUR (Nov 29): The Ministry of Finance (MOF) today announced that the retail price of RON97 petrol will remain at RM2.66 per liter, while RON95 and diesel will remain at RM2.08 and RM2.18 per liter respectively, for the period of Nov 30 to Dec 6.In a statement issued today, MOF announced that petroleum retail prices were set weekly using the Automatic Pricing Mechanism (APM) formula, where the retail price of RON95 and diesel for the same period is
Gold eases over doubts on US-China trade war, faces worst month in 3-years
Investors were uncertain about the fate of a 'phase-one' trade deal between the two economies
BMW, Great Wall to build new China plant for electric cars
BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce ...
Why this hurry to discuss my reincarnation, I am quite well: Dalai Lama
The 14th Dalai Lama himself has said in the past that it is not necessary that the tradition should continue
Govt initiates dialogue with ASEAN members for review of FTA: Goyal
He also said the Coffee Board is trying to develop an Indian brand of coffee for export and the work in this regard is underway
Hallmarking to be mandatory for gold jewellery from 2021: Ram Vilas Paswan
However, one year period will be provided for implementation of this decision to enable jewellers clear their existing stock
Renault and Nissan Try a New Way After Years When Carlos Ghosn Ruled
The automakers want to strengthen their alliance with more decisions built on consensus.
China limits number of rides drivers can offer through car-pooling services
China's Ministry of Transport said car-pooling services have to limit the daily number of rides drivers can offer through apps such as Didi ...
Daimler to cut 'thousands' of jobs by 2022 to fund electric vehicle shift
"Daimler aims to cut thousands of jobs worldwide by the end of 2022," the Mercedes-Benz maker said in a statement, adding that it intended to save 1.4 billion euros ($1.5 billion) in staff costs
UK PM promises new visa policy from Jan 2021 to block unskilled immigrants
Johnson called for people to vote for a majority Conservative Party government on December 12 to get Brexit done by the January 31, 2020 deadline
Don't tell govts to buy 'inefficient' smog towers: Environmentalists to SC
Earlier this week, the apex court asked the Centre to take concrete decision within 10 days on having smog towers in Delhi-National Capital Region to combat pollution
Uddhav Thackeray-led govt in Maharashtra to face floor test tomorrow
Governor B K Koshyari has asked Thackeray to prove majority by December 3
NSE commodities segment gets CBDT recognition, traders to get tax benefit
The approval will benefit traders in relation to trading in commodity derivatives segment of the NSE as the derivative income will be treated as business income
MG Motor India partners Umicore to recycle upcoming EV's batteries
The partnership will allow end-of-life ZS EV batteries to be recycled, thus ensuring greater peace of mind to MG customers about their ecological footprint
Man City's acquisition of Mumbai ISL team good for India: Amrinder Singh
English Premier League champions Manchester City's parent company City Football Group on Thursday bought a majority 65 percent stake in Indian Super League (ISL) franchise Mumbai City FC
Time dotCom 3Q net profit rises as revenue improves
KUALA LUMPUR (Nov 29): TIME dotCom Bhd’s third quarter net profit grew 3.77% to RM82.99 million or 14.19 sen per share, from RM79.98 million or 13.71 sen per share a year earlier, on the back of higher revenue.The telecommunication company also attributed the higher earnings in the quarter ended Sept 30, 2019 to a rise in interest income to RM2.5 million from RM1.8 million previously, a net write back of construction deposit of RM700,000 and an increase in share
NTPC to list commercial paper on BSE for an issue size of Rs 1,500 cr
After the process, the effective date of listing of such papers at the exchange will be December 2, the BSE said in a statement
GDP growth tanks to 4.5% in Q2; core industries' output shrinks 5.8% in Oct
Fiscal deficit in the first seven months of FY20 already at 102% of government's target for full financial year
Railways saw least number of accidents in last two and half years: Goyal
"The last 2.5 years have been the safest in the history of Indian Railways. There have been least number of accidents in the last 2.5 years", the minister said
Unauthorised colony residents need registry papers, not a law: Kejriwal
Talking to reporters, the chief minister asked people not to trust anyone until they get registry papers in their hands as previous governments had promised the same, but failed to meet it
We commit to uninterrupted power supply - GRIDCo Chairman
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Govt on track to make India $5 trillion economy by 2024: P K Misra
Describing the country's economic fundamentals as strong, Mishra said the annual average GDP growth of 7.5 per cent during 2014-2019 was the highest since independence
Sugar output in 2019-20 may fall by 18% to 2.73 mn tonnes: Govt in RS
Sugar marketing year runs from October to September
Coinbase Denies Report of $150M Acquisition of Tagomi Brokerage Firm
Coinbase has denied reports that it acquired digital currency brokerage firm Tagomi for $150 million.
Amazon workers in Germany stage strike on Black Friday
Workers at Amazon distribution centres in Germany have gone on strike for better pay on Black Friday, one of the busiest days of the year for the online retailer.
Natixis downgrades price outlook for 2020 as gold starts losing glitter
Signs of a thaw in the US-China trade spat and prospects of an improvement in US economic growth have taken a toll on the metal, which has lost nearly $100 an ounce to trade at $1,456 today
China: 5 Crypto Exchanges Halt or Shut Services Amid Perceived Crackdown
At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto stance.
Electoral bonds cleaned political donation system; ain't a scam: SC Garg
In case a political party receives a political donation in cash primarily, then that might actually indicate a scam, he stated
Gold heads for biggest monthly drop in 3 years on US-China talks optimism
The precious metal is down 3.6% this month, the most since November 2016, when Trump won the US presidential election
IHH Healthcare posts RM236m in 3Q net profit on stronger contribution from its operations
KUALA LUMPUR (Nov 29): IHH Healthcare Bhd reported a net profit of RM236.34 million for the third quarter ended Sept 30, 2019 (3QFY19) compared to a net loss of RM104.07 million a year ago.The regional healthcare group said the quarterly profit was driven by sustained organic revenue growth at existing operations.The boost to earnings also came from Gleneagles Hong Kong Hospital and Acibadem Altunizade Hospital, both opened in March 2017. In addition, Amanjaya Specialist Centre and Fortis Healthcare (“Fortis”),
4,500 jobs in UK at risk as Germany's E.ON breaks up struggling Npower
The revamp effectively removes one of the market's so-called 'Big Six' players, which have lost customers to nimbler recent entrants and been hit by a regulatory price cap
AIIMS duped of Rs 12 cr as fraudsters withdraw money using 'cloned cheques'
The money was illegally withdrawn from the AIIMS' accounts in the State Bank of India at its non-home branches in other cities
India-ASEAN FTA review: Further liberalisation of trade on agenda
ASEAN-India trade in goods agreement was signed on August 13, 2009, and entered into force on January 1, 2010
Iraq's Prime Minister Abdul-Mahdi to resign amid anti-government protests
The sudden turnaround came after one of the bloodiest days of protests yet, with 44 demonstrators killed and nearly 1,000 wounded on Thursday in Baghdad and across the south.
India accounted for 22% of all visa-related searches to US in 2018: Survey
Overall, the top 10 countries accounted for nearly 56.5 per cent of all foreign visa-related searches in 2018, the report added
Odisha's investments in PSUs yield poor returns, says CAG report
Out of 147 entities where the government poured funds, only 12 had paid dividend- two rural banks, nine government companies and one statutory corporation
Liquidity pressures faced by NBFCs, HFCs, to continue: Fitch Ratings
Increasing competition to offset lower growth may weigh on profitability and test risk appetite
Stocks slip on trade worries as record high stays elusive
LONDON (Nov 29): World shares slipped on Friday as a leading index strained for a record high, with nerves gnawing away from Asia to Europe over how, or when, the US and China can agree a truce in their damaging trade war.The MSCI All Country world index, which tracks shares in 49 countries, fell 0.2% to 548.48 points, short of a record 550.63 scaled in January 2018 before the tensions over trade between Washington and Beijing broke out.European shares
New industrial code bill will lead to 'jungle raj' in the industry: BMS
The Narendra Modi government introduced the Industrial Relations Code Bill in the Lok Sabha on Thursday
Canada's GDP growth slows in third quarter
The pace of economic growth in Canada slowed in the third quarter, boosted by higher business investment and increased household spending, but weighed down by a drop in exports, Statistics Canada said Friday.
Wettest monsoon in 25 years could lift 2020 wheat output to a record high
India received monsoon rains during the June-September season that were 10 per cent above average
Mining industry is the bulwark of Ghana's development - Koney
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UK will leave European Union by January 31 at the latest: Boris Johnson
At a news conference, Johnson claimed Brexit had been "delayed, diluted, denied" by obstructive politicians.
Tax benefits for traders as CBDT approves NSE's commodity derivatives
Exchange gets 'Recognised Association' status, due to which participants can set off losses in commodity derivatives against business gains
Slowdown impact? Core sector output shrinks 5.8% in October
As many as six of eight core industries saw a contraction in output in October
Demand in LS to shift private members' business to Wednesday from Friday
BJD member Bhartruhari Mahtab suggested that the day for private members' business be changed from Friday to Wednesday. He said it was the practice in the British parliament
Govt not taking appropriate measures to tackle onion crisis: Congress
In a press conference here, the party's Rajya Sabha member Amee Yajnik said the government has "failed utterly" in handling the matter
Internal security big challenge before $5 trn economy target: Amit Shah
Shah exhorted the police forces to take proactive steps towards improving their image among the public through behavioural and professional changes
New World Fund sells over 10 mn shares in Adani Ports worth Rs 401 cr
As per September 2019 shareholding data, New World Fund Inc was a public shareholder of Adani Ports and held 2.07 per cent stake
Duopharma Biotech's 3Q earnings jump 21% on higher product demand
KUALA LUMPUR (Nov 29): Duopharma Biotech Bhd has reported a 21% jump in net profit to RM14.86 million for its third quarter ended Sept 30, 2019, from RM12.29 million a year ago.The pharmaceutical company said in an exchange filing today revenue rose 13.5% to RM142.86 million, from RM125.84 million in the year-ago third quarter.Duopharma Biotech's group managing director Leonard Ariff Abdul Shatar said the improved results reflected increased demand for the group's pharmaceutical products from the private and public
NPCI enhances UPI 2.0, allows customers to make recurring payments
NPCI is also working on proximity payment option for the platform where one can make payments from a mobile phone that uses near-field communication technology
Gold price drop triggers heavy buying in India; demand wanes in other hubs
Dealers were charging a premium of up to $1.5 an ounce over official domestic prices this week, compared with a discount of $3 last week
Samsung Galaxy Watch LTE review: Apple Watch substitute for Android users
The Samsung Galaxy Watch LTE seems to be for Android users everything that Apple Watch is for iPhone users. But does it perform equally well? Let's find out
India's April-October fiscal deficit at 102.4% of full-year target
Net tax receipts in the April-October period was Rs 6.83 trillion, while total expenditure was Rs 16.55 trillion, the data showed
Mulpha International suffers big losses, dragged down by RM315 million impairment in 3Q
KUALA LUMPUR (Nov 29): The whopping RM315.38 million impairment on its investment in an Australia-listed associate, AVEO, widened Mulpha International Bhd's net loss substantially to RM299.32 million in the third quarter ended Sept 30, 2019 (3QFY19) from RM6.65 million in the previous corresponding quarter.The hefty impairment offset the improved performance in the hospitality and property divisions, said the company in a filing with Bursa Malaysia.The company’s loss per share swelled to 93.69 sen for 3QFY19 from 2.08 sen for
Indian retailer Future's shares surge as regulator approves Amazon investment
Shares in Future Retail Ltd surged 13per cent on Friday, after India's antitrust body approved a deal that would give Amazon.com Inc a minority ...
Swiss firm Zurich Airport beats Adani, DIAL bids to build Jewar airport
Jewar Airport or the Noida International Greenfield Airport will come up in 5,000 hectare area when fully constructed
SKP Resources 2Q net profit falls 11.4%
KUALA LUMPUR (Nov 29): SKP Resources Bhd saw its net profit fall 11.4% year-on-year to RM24.91 million or 1.99 sen per share in its second quarter ended Sept 30, 2019, from RM28.1 million or 2.25 sen per share previously.This was despite a 2% rise in revenue to RM486.86 million from RM477.23 million, the electronics manufacturing services provider’s stock exchange filing today showed.This brings SKP Resources’ first-half net profit to RM43.4 million, down 19.5% from RM53.94 million in the preceding
Chinese investments in Malaysia halve, US inflow soars
KUALA LUMPUR (Nov 29): Chinese investments into Malaysia halved to US$1.7 billion in the first nine months of the year from a year ago, though US investments soared seven times to US$5.9 billion — reflecting a diversion of funds due to the Beijing-Washington trade clashes.Data provided by the Malaysian Investment Development Authority (MIDA) to Reuters on Friday showed that China, traditionally the Southeast Asian country's biggest investor, has now slipped to third position behind the United States and Japan.Foreign
Canadian Investment Firm 3iQ Files Prospectus for Bitcoin Fund
Canadian investment fund manager 3iQ filed a preliminary prospectus for its close-end, regulated, publicly-traded Bitcoin fund.
'Outcome of UK Election Will Be Substantially Closer Than Many People Realise' - Brexit Expert
David Collins, a professor of international economic law at City, University of London and author of Negotiating Brexit: The Legal Basis for EU and Global Trade, has commented on the results of a YouGov poll predicting a big win for the Tories in the upcoming UK vote on 12 December.
Prof Danquah calls for a Presidential Initiative to transform Agriculture
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Hengyuan’s 3Q net loss narrows on turnaround plan
KUALA LUMPUR (Nov 29): Hengyuan Refining Company Bhd’s net loss narrowed in the third quarter ended Sept 30, 2019 to RM11.43 million from RM122.49 million a year earlier, due to higher revenue.Loss per share fell to to 3.81 sen from 40.83 sen, the group said in a filing today.Hengyuan said revenue for the quarter jumped 56% to RM3.23 billion from RM2.07 billion a year ago, as the refinery recorded sales volume of 10.7 million barrels.For the nine-month period, the
No question of closing down Integral Coach Factory, says Piyush Goyal
Minister hails the organisation for the Vande Bharat Express, India's first indigenously made semi-high-speed train
Karvy case: SAT asks Sebi to review limited use of power of attorney issue
Sebi's directive had come after the National Stock Exchange forwarded a preliminary report to it on the non-compliances observed with respect to pledging/misuse of client securities by Karvy
QL Resources 2Q net profit up 15%
KUALA LUMPUR (Nov 29): Poultry farmer QL Resources Bhd saw its net profit rise 15.1% to RM69.68 million in its second financial quarter ended Sept 30, 2019 (2QFY20) from RM60.52 million a year ago, mainly due to higher sales from its marine product manufacturing (MPM) segment.This resulted in a higher earnings per share of 4.29 sen for 2QFY20 compared with 3.73 sen for 2QFY19.Revenue for the quarter rose 16.6% to RM1.07 billion from RM920.26 million a year ago.In a
UK PM Johnson says UK will leave EU by Jan 31 at the latest
LONDON (Nov 29): British Prime Minister Boris Johnson said on Friday that Britain would leave the European Union by Jan 31 at the latest if his Conservative Party win a majority in the election in two weeks time."If we can get a working majority then we will come on Jan 31 at the absolute latest," Johnson told LBC radio.He also repeated his message that he saw no reason why Britain would need to extend the transition period after Brexit
Renault-Nissan-Mitsubishi to appoint General Secretary for alliance
Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost ...
2015 Paris attacks: 20 suspects face trial over massacre of 130 people
Since 2015, France has been struck by a wave of jihadist terror strikes that have claimed the lives of over 250 people
Rs 2,000 notes not much in use, can be taken out of circulation: S C Garg
Rs 2000 notes were circulated by RBI in November 2016 after demonetisation of Rs 500 and Rs 1,000 notes
Lion Industries posts fourth straight quarterly loss of RM110.6m
KUALA LUMPUR (Nov 29): Lion Industries Bhd reported a net loss of RM110.62 million for the first quarter ended Sept 30, 2019 (1QFY20) versus a net profit of RM19 million a year ago, including a lower margin of its steel division, and higher loss from associated companies and joint ventures.This marks its fourth consecutive quarterly loss.As a result, it registered a loss per share of 16.25 sen from 2.79 sen for 1QFY19, Lion Industries said in a filing with
TSRTC workers resume work; CM Rao to hold meet with staff on December 1
The Chief Minister will discuss threadbare all the issues related to the RTC
Indian hedge funds return 0.09% in October, way behind Asian peers
Indian funds did better than Asian ones in only four out of the ten months of 2019 so far
Shareholders of Singapore-listed POSH told to accept takeover offer by Kuok Group
KUALA LUMPUR (Nov 29): Minority shareholders of loss-making Singapore-listed PACC Offshore Services Holdings Ltd (POSH) have been advised to accept the voluntary conditional cash offer of S$0.215 by the Kuok Group, through its investment vehicle Quetzal Capital Pte Ltd.In a letter to the recommending directors in respect to the offer, independent financial adviser Provenance Capital Pte Ltd said the offer presents shareholders with a cash exit opportunity to realise their entire investment in the shares at a fixed price
Saudi Aramco IPO received $44.3 billion in bids so far: Samba Capital
The state-owned oil giant plans to sell 1.5% of the company's shares for as much as 96 billion riyals ($25.6 billion), a deal which would give it a market value of $1.7 trillion
After taking over as CM, Thackeray stays Metro carshed work in Aarey Colony
Thackeray clarified that he had not stayed the work of the Mumbai metro rail project itself
Centre to bring new job-oriented education policy, says HRD Minister
HRD minister urged students to work with dedication to make India a $5 trillion economy in the next few years
China: Crypto Exchange IDAX Locks up Cold Wallet as CEO ‘Goes Missing’
IDAX reported liquidity problems prior to Lei Guorong absconding, while it remains uncertain what access he has to the platform’s wallets.
West Indies names ODI, T20 squads for India tour; Russel, Bravo left out
Senior player Kieron Pollard will continue to lead both the ODI and T20 squads with Nicholas Pooran as his deputy in the shorter format
Mudajaya back in the black after 13 straight quarterly losses
KUALA LUMPUR (Nov 29): After logging 13 consecutive quarters of losses, Mudajaya Group Bhd has returned to the black with a net profit of RM812,000 in its third quarter ended Sept 30, 2019 (3QFY19).This was despite its revenue contracting 25.6% on year to RM110.18 million during the quarter under review from RM148.18 million in 3QFY18, due to the completion of its 49 megawatt (mW) solar photovolatic energy plant at Sungai Siput, Perak in November 2018, and the slow progress
Buy world's 1st Blockchain smartphone with 2 operating systems at Rs 43,000
The smartphone can be bought in various cryptocurrencies like Bitcoin via digital asset wallet app Xwallet
E-tailers jump bandwagon to boost sales with Black Friday offers
From Amazon to H&M, the Black Friday offers flooded people's emails and message boxes on smartphones in the country
With 20-plus brands, Rohit Sharma is new blue-eyed boy for corporate firms
Rohit currently charges Rs 1 crore per day for each brand which can be anything from TVC, promotional event, print or digital commitments
Exclusive: Mexico's Pemex fights in court to suspend clean diesel rule - documents
Mexico's state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring ...
Social Innovation Ireland Fund boosts its board
Ailbhe Keane, founder and creative director of Izzy Wheels, has also joined the the fund board.
Four Irish women honoured as leaders in global recruitment
The Irish nominees are Geraldine King, Anne Heraty, Shona McManus and Rosaleen Blair
No provision for financial aid to family of farmers who commit suicide
Agriculture credit targets have also been enhanced from Rs 9 trillion in 2016-17 to Rs 13.5 trillion in 2019-20
Patanjali secures Rs 3,200 cr loan from SBI, other banks to buy Ruchi Soya
Patanjali said it has got loans of Rs 1,200 crore from SBI, Rs 700 crore from PNB, Rs 600 crore from UBI, Rs 400 crore from Syndicate Bank and Rs 300 crore from Allahabad Bank
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
IRS Not Infringing Privacy Requesting Crypto Exchange Data: US Judge
A California federal court has affirmed the legitimacy of the U.S. tax authorities’ summons for data from crypto exchange Bitstamp in connection with an individual tax reporting case.
AGR dues: Bharti Airtel to seek board nod for raising funds on December 4
The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue
Black Friday 2019: What You Need to Know
Whether you’re hitting the stores or buying online from your couch, we’re here to see you through all the doorbuster deals and Black Friday blowouts.
4.5% GDP growth rate unacceptable, worrisome: Former PM Manmohan Singh
He said the "toxic combination of deep distrust, pervasive fear and a sense of hopelessness in our society" is stifling economic activity and growth
Rajapaksa's visit can boost trade, investments with Sri Lanka: Assocham
Rajapaksa arrived here on Thursday on a three-day visit, his first overseas tour after taking over the reins of Sri Lanka 10 days back, a reflection of importance he attaches to ties with India
International offers, packages to go up as IITs begin placements on Sunday
Microsoft, which had emerged the top recruiter last year offering a $215,100 (Rs 1.5 crore roughly) package, is expected to make a similar or a slightly higher package to IIT students on Sunday
Japan's defence, foreign ministers to visit India tomorrow for 2+2 dialogue
The two ministers will be leading a Japanese delegation to the inaugural meeting of the 2+2 dialogue
India's Sep-quarter GDP growth slips to 4.5%, the lowest in over six years
Q2 growth numbers fell, in line with economists' expectations, mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown
SC to hear plea against Pragya Thakur's bail in Malegaon case after 2 weeks
Thakur, now a sitting BJP MP, was granted bail on April 25, 2017 by the high court which said "no prima facie" case was made out against her in the case
Porbandar: Indian Navy commissions sixth Dornier aircraft squadron
This will give a fillip to coastal security near the sea border with Pakistan
South Korea cuts growth forecast to lowest in decade
SEOUL: South Korea's central bank on Friday (Nov 29) cut its growth forecast for this year to 2 per cent, which would be the weakest rate in a ...
Bitcoin Price Hits Tipping Point Above $7.6K — Pivotal Weekend Ahead
Bitcoin bulls and bears are set to have a key battle going into the weekend at a critical price level that could set the tone for the rest of the year.
Almost Half of EU States Give No-Go to New Rule Requiring Tech Giants to Reveal Real Incomes & Taxes
The proposed directive was worked out to shed light on how big businesses, like Apple, Google, or Facebook to name a few, get around tax legislation by formally shifting their income from greater-tax nations such as the UK and France to lower-tax jurisdictions like Malta, Ireland, or Luxembourg.
Mushtaq Ali Trophy: Mithun picks five in six balls, enters record book
Mithun had snared a hat-trick in the Vijay Hazare Trophy final against Tamil Nadu last month
Here’s Where to Spend Crypto Online This Black Friday
As Black Friday 2019 gets underway, what are your options for getting the best bang for your Bitcoin?
We are in a virtual free-fall: Congress attacks BJP on GDP growth slip
But why is the BJP celebrating? Because their understanding of GDP (Godse Divisive Politics) suggests double digit growth levels. All in the perspective," Randeep Surjewala said
Gold rallies Rs 143 to Rs 38,695 on rupee depreciation, positive trend
On Thursday, gold prices closed at Rs 38,552 per 10 gram