NCLT orders liquidation for Lanco Babandh
The bankruptcy court removed the resolution professional for the Lanco group company, and appointed a liquidator from AAA Insolvency Professionals to sell off the assets – Stocks-Markets-Economic Times
Month: December 2019
OPEC, Russia debate deeper oil cuts as new glut looms
OPEC and its allies led by Russia are gearing up to approve deeper oil production cuts this week to prevent a new glut and a collapse on oil prices with … Read More
Hong Kong November business activity shrinks the most in 21 years – PMI
Business activity in Hong Kong contracted at the fastest pace in 21 years in November, dragged down by anti-government protests and softening global demand, an IHS Markit survey showed on … Read More
China November services sector activity rises to 7-month high – Caixin PMI
Activity in China’s services sector accelerated to a seven-month high in November, as new business, especially new export business, picked up, a private survey showed on Wednesday. – Reuters: … Read More
Global Markets: Shares slide as Trump raises spectre of longer, wider trade war
Asian shares extended their losses on Wednesday after U.S. President Donald Trump said a trade deal with China might have to wait until after the 2020 presidential election, dashing hopes … Read More
Infra stocks with ‘Maha’ exposure fall up to 10%
Though stoppage of payment has posed a near-term uncertainty on big-ticket projects like Mumbai Metro and Mumbai-Nagpur expressway, it’s unlikely to go back to re-bidding process, said analysts. – … Read More
Analyst Calls: Eicher Motors, Bajaj Auto, Bharti Airtel, Biocon
Ambit Capital has retained buy rating on Eicher Motors and raised target price to Rs 24,673 against Rs 23,059 earlier – Stocks-Markets-Economic Times
Australian economy stuck in slow lane as consumers stamp on brakes
Australia’s economy struggled last quarter as cash-strapped consumers refused to spend, even going so far as saving a tax give-away that had been touted by the government as a major … Read More
South Korea’s Hyundai Motor unveils plan to invest $52 billion over six years
Hyundai Motor plans to invest about 61.1 trillion won (£40 billion) between 2020 and 2025, about one-third of the expenditure focused on electric and autonomous vehicles, the company said on … Read More
Hyundai Motor says to invest $52 billion over six years
Hyundai Motor said on Wednesday it planned to invest about 61.1 trillion won (£40.38 billion) between 2020 and 2025. – Reuters: Money News