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Hexaware Technologies Q1 net profit at Rs. 841.852 mn

India Infoline News Service / 21:09, May 04, 2016

Total Income has increased from Rs. 7036.824 mn for the Quarter ended March 31, 2015 to Rs. 8257.235 million for the Quarter ended March 31, 2016.

Stock Market News

Wishy-Washy Wednesday...Sensex, Nifty shut lower again

India Infoline News Service / 17:29, May 04, 2016

Finally, the BSE Sensex ended with a loss of 128 points at 25,102. The BSE Sensex opened at 25,211 touched an intra-day high of 25,246 and low of 25,061. The NSE Nifty closed with a loss of 40 points at 7,706.55. The NSE Nifty opened at 7,724 hitting a high of 7,749 and low of 7,697.

Economy News

India a bright spot! Where does the EM positivity come from?

India Infoline News Service / 18:34, May 04, 2016

Buoyed by changing prospects vis-à-vis Renminbi-dollar rates, Chinese corporations have commenced repayments of dollar-denominated external debt and Chinese residents are increasingly acquiring foreign assets. As per IMF, a tightly managed exchange rate coupled with these developments caused a considerable decline in China’s forex reserves.

Business News

21 frontier markets will provide the next wave of insurance growth: Swiss Re sigma study

India Infoline News Service / 16:47, May 04, 2016

Swiss Re's latest sigma study looks at 21 frontier markets such as Nigeria, Ecuador, Vietnam and Azerbaijan. It provides an outlook for premium growth and an overview of the economic fundamentals which will lead to increased demand for insurance in these countries.

IPO News

Bharat Wire Ropes IPO subscribed 59%

India Infoline News Service / 17:35, Mar 21, 2016

The initial public offering (IPO) received bids for 1,04,09,100 shares against the total issue size of 1,75,00,000 shares, according to NSE data.

 
Global News

Asian markets in negative zone

India Infoline News Service / 08:58, May 04, 2016

China’s Shanghai Composite is currently trading 0.23% lower at 2,985.91 points.South Korea’s Kospi index ​is ​at 2,985.91 points (down 0.59%) and Indonesia’s Jakarta Composite ​is ​at 4,788.04 points (down 0.51%).

M & A News

Merger and Acquisition Round Up - April 25 to 29, 2016

India Infoline News Service / 11:29, Apr 30, 2016

Jet Airways Ltd has received shareholders approval for the proposed merger of JetLite with itself. The board of Jet Airways had cleared the proposal to merge JetLite, the low-cost subsidiary with itself, in September last year.

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