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Shares were mostly higher Wednesday in Asia after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal. Benchmarks advanced in Tokyo, Seoul and Sydney but edged lower in Hong Kong and Shanghai, where new Chinese regulations focused on technology companies prompted selling in that sector. The proposed regulations issued Monday for public comment give guidelines on how China’s 2008 anti-monopoly law will be applied to internet Read More

ITC Ltd was among the handful of 30 Sensex shares trading in red on Monday morning. ITC Ltd share price was down 0.75% at Rs 172.7 per share. Cigarettes-to-hospitality major ITC reported its July-September quarter results on Friday which saw the company’s profits drop on-year basis to Rs 3,232 crore. ITC reported higher expenses than last year. Cigarette business of ITC continued to record muted performance while FMCG segment was the White Knight in the Read More

Companies garnered Rs 4.42 lakh crore through issuance of bonds on private placement basis in the first seven months of the ongoing fiscal, a surge of 28 per cent from the year-ago period, due to low interest rates. The funds were mopped up to strengthen balance sheets, retire existing debt and support working capital requirements, market experts said. According to data available with markets regulator Sebi, companies listed on BSE and NSE garnered total Rs Read More

Shares were mostly higher in Asia on Friday after President Donald Trump and his challenger former Vice President Joe Biden faced off in their second and final debate before the November 3 election. Stocks rose in Tokyo, Hong Kong and Shanghai but declined in Sydney. In their debate late Thursday, U.S. time, Trump and his Democratic challenger Biden largely avoided the disorganized rancor of their first face-off in a more substantive exchange highlighting their vastly Read More

Anil Agarwal-led Vedanta Ltd today informed the bourses that the company’s board will meet later this week to consider and approve the first interim dividend on equity shares for the current fiscal year. The move comes days after its subsidiary Hindustan Zinc announced an interim dividend of Rs 21.30 per equity share. According to the latest shareholding data available on the Bombay Stock Exchange’s website, Vedanta holds 274 crore shares of the Hindustan Zinc, translating Read More