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Negative global cues dent equity markets

Mumbai, May 4 (IANS) Negative global cues, along with lower crude oil prices and caution ahead of upcoming quarterly results, plunged the Indian equity markets on Wednesday. Consequently, the key indices of the Indian equity…




Chinese shares open lower on Wednesday

Beijing, May 4 (IANS) Chinese stocks opened lower on Wednesday, with the benchmark Shanghai Composite Index down 0.32 percent to open at 2,983.03 points. The smaller Shenzhen index opened 0.39 percent lower at 10,401.67 points,…


Chinese yuan weakens

Beijing, May 4 (IANS) The central parity rate of the Chinese currency renminbi, or the yuan, weakened 378 basis points to 6.4943 against the US dollar on Wednesday, according to the China Foreign Exchange Trading…












Adani Power Q4 net rises 64 percent

Ahmedabad, May 3 (IANS) Adani Power on Tuesday reported a 64 percent increase in consolidated net profit for the fourth quarter of 2015-16 at Rs.1,173.39 crore as compared to Rs.715.05 crore for the corresponding period…