Japan approves fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe’s cabinet approved on Wednesday a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession.

Factbox: Key spending in Japan's second stimulus package of $1.1 trillion

TOKYO (Reuters) - Japan’s cabinet approved on Wednesday a fresh stimulus package worth $1.1 trillion, among the world’s largest fiscal plans to cushion the economic blow from the coronavirus pandemic.

Japan eyes fresh $1.1t stimulus to combat pandemic pain

The stimulus, which will be funded partly by a second extra budget, will be on top of a $1.1 trillion package already rolled out last month.

Japan approves fresh $1.1 trillion stimulus to combat coronavirus pain

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month.

Japan approves fresh $1.1-trillion stimulus to combat economic impact of coronavirus

The record stimulus of 117 trillion yen, which will be funded partly by a second extra budget, followed another 117 trillion yen package rolled out last month

Japan approves fresh $1.1 trn stimulus to combat Covid-19 economic fallout

The latest package includes 33 trillion yen in direct spending, the Ministry of Finance (MOF) said.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

TOKYO — Japan will compile a new $1.1 trillion stimulus package that includes significant direct spending, to stop the coronavirus pandemic pushing the world’s third-largest economy deeper into recession, a budget draft seen by Reuters showed on Wednesday.

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

To fund the costs, Japan will issue an additional 31.9 trillion yen in government bonds under the second supplementary budget for the current fiscal year ending in March 2021, according to the draft.

Japan’s new stimulus package to be JPY117.1 trillion – Bloomberg

Citing a document outline the additional stimulus budget, Bloomberg reports that Japan’s new package is likely to be JPY117.1 trillion. more to come .

Japan eyes fresh US$1.1t stimulus to combat pandemic pain

TOKYO, May 27 — Japan will compile a fresh stimulus package worth US$1.1 trillion (RM4.8 trillion) that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed today. The stimulus, which will be...

Japan eyes fresh $1.1 trillion stimulus to combat pandemic pain

Japan will compile a fresh stimulus package worth $1.1 trillion that will include a sizable amount of direct spending to cushion the economic blow from the coronavirus pandemic, a draft of the budget obtained by Reuters showed on Wednesday. The stimulus, which will be funded partly by a second extra

Japan's new budget to include US$302b in direct spending, reports Mainichi

TOKYO, May 27 — Japan's government plans to include US$302 billion (RM1.32 trillion) in direct spending under a second extra budget to be compiled today, to cushion the economic blow from the coronavirus pandemic, the Mainichi newspaper reported. The 32.5 trillion yen (RM1.32 trillion) in...

Sensex rallies 996 points ahead of F&O expiry; Nifty tops 9,300

The BSE Sensex rallied 996 points on Wednesday, led by massive gains in banking and IT stocks ahead of the expiry of monthly derivatives amid firm overseas cues. After hitting a high of 31,660.60 duri

Market Update: Sensex rallies 996 points; banking and IT stocks in the lead

S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19

Domestic stock markets soared more than 3 per cent on Wednesday backed by strong buying interest in banking stocks. The S&P … S&P BSE Sensex NSE Nifty 50 LIVE Sensex Nifty Close 3% Higher, Break 2-Day Decline Amid COVID-19 Read More »

Sensex rallies 996 points, Nifty reclaims 9,300-mark

Axis Bank was the top gainer as banking stocks led the rally in a highly volatile session.

Market Update: Sensex surrenders opening gains, drops over 60 points

Share Market LIVE: Nifty reclaims 9,300, Sensex leaps 1,000 points; Axis Bank surges 14%, ICICI Bank jumps 10%

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Domestic equity market benchmark indices BSE Sensex and Nifty 50 again turned positive in Wednesday's trade

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

India Business News: Equity indices finished higher on Wednesday with the benchmark BSE Sensex rising nearly 1,000 points led by gains in banking and financial stocks. The

Sensex settles nearly 1,000 points higher, Nifty ends at 9,315 led by banking, financial stocks

The S&P BSE Sensex surged 995.92 points (3.25 per cent) to settle at 31,605.22, while the broader Nifty 50 ended at 9,314.95, up 285.90 points (3.17 per cent).

Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300

(Representative image) NEW DELHI: Equity indices finished higher on Wednesday with the benchmark BSE sensex rising nearly 1,000 points led … Sensex rises 996 points to close at 31,605; Nifty reclaims 9,300 Read More »

Sensex surrenders opening gains, drops over 60 points; Nifty near 9,000 level

NSE Nifty fell 13.70 points.

Sensex ends 995 points higher on short covering, banking stocks outperform

Earlier indices turned volatile amid weakness in SGX Nifty and lost morning gains. However, bourses climbed in the last hour of session on Wednesday, amid buoyancy in overseas markets and heavy buying in banking and financials.

RIL, ITC keep Sensex, Nifty under pressure; check what’s keeping investors edgy today

ITC, Reliance Industries, M&M, Asian Paints and Maruti Suzuki were among the top contributors towards today's fall

Rally in financials, F&O expiry: Here's why Sensex rallied 996 points today

NSE's Nifty50 index ended at 9,315, up 286 points or 3 per cent.

Bursa Malaysia ends firmer on buying support in index-linked counters

KUALA LUMPUR, May 27 — Persistent buying momentum in the index-linked counters, led by glove makers Hartalega and Top Glove, pushed Bursa Malaysia to end the day on a firm note, dealers said. After being closed for two days, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 114.97 points, or...

KL shares higher at mid-day buying support for glove makers

KUALA LUMPUR, May 27 — Bursa Malaysia ended the morning session on a high note today, on persistent buying support from the index-linked counters led by glove makers Hartalega and Top Gloves. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 13.45 points to 1,450.21 from 1,436.76...

Metal stocks continue to climb up amidst a volatile market; top stock picks leading brokerage firms

For a second-day straight, metal stocks on the bourses were seen surging higher despite the volatility being faced by the benchmark indices.

Sensex up 183 points, banking stocks rally | Markets News

New Delhi: Markets opened on a positive note led by rally in banking stocks. The BSE Sensex was trading 183.81 … Sensex up 183 points, banking stocks rally | Markets News Read More »

Stocks in Focus on May 27, 2020 | Markets News

New Delhi: Markets gave up early gains to end slightly lower on Tuesday. The BSE Sensex fell 63.29 points or … Stocks in Focus on May 27, 2020 | Markets News Read More »

Bursa Malaysia jumps higher after two-day break

KUALA LUMPUR, May 27 — Bursa Malaysia resumed trading on a higher note today after being closed for two days, as hopes for global recovery lifted the market sentiment. The local market was closed on Monday and yesterday for the Hari Raya Aidilfitri holiday. At 9.04am, the benchmark FTSE Bursa...

What triggered the 15% rally in bank stocks today?

Nifty Bank, which consists of 10 stocks, saw its best day in about two months.

Sensex jumps 1,000 pts, Nifty above 9,300; 4 key factors behind the rally

Experts indicate that the bargain hunting in banks and financial counters gave a fillip to the market.

Dabur Q4 results: Profit declines 14% YoY to Rs 319 crore, misses estimates

Revenue from operations for the quarter fell to Rs 1,865.36 crore from Rs 2,128.19 crore in the year-ago quarter.

Torrent Pharma slips 6% on profit-booking; outlook remains a concern

Unlike peers, Torrent Pharma guided for a relatively moderate outlook across geographies, note analysts at Emkay Global Financial Services.

Sun Pharma FY20 results: Profit rises 41% to Rs 3,765 crore, sales up 13%

For the fourth quarter ended March 31, 2020 (Q4 FY20), Sun Pharma posted a 37 per cent YoY decline in consolidated profit at Rs 399.8 crore due to one-time loss of Rs 260.6 crore

Sun Pharma Q4 profit declines 37% to Rs 399 cr on one-time exceptional loss

The company had posted a net profit of Rs 635.88 crore in the same period previous fiscal, Sun Pharma said in a BSE filing

Deepak Nitrite standalone Q4 net doubles to ₹116 crore

Deepak Nitrite Limited standalone net profit more than doubled to ₹116 crore for the quarter ended March 2020, as against ₹57 crore, in the corresponding quarter a year ago, indicating 104 per cent ju

Analyst corner: Maintain ‘sell’ on D-Mart operator with TP of Rs 1,900

In FY20, D-Mart added 38 stores vs 21 in FY19. In FY21, we expect lower store adds, while in FY22, this should once again gather pace with 45 store adds.

Coromandel Int'l rallies 8%, hits 52-week high on strong Q4 results

Q4FY20 Ebitda surged 51 per cent to Rs 391 crore, while margins expanded 380 basis points to 13.6 per cent from 9.8 per cent in Q4FY19

Blue Dart: Muted volumes, revenues amid high costs to weigh on margins

Given the sharply lower operating performance, the company reported a loss (after adjustments) of Rs 8 crore as compared to analyst estimates which had pegged the profit number at Rs 30 crore

Titan dips 2% as Co gives biz update, defers launch of jewellery collection

Titan expects cash outflow to be recovered when sale of jewellery restarts

Aditya Birla Fashion and Retail posts Q4 net loss of Rs 146.59 crore

Revenue from operations during the quarter under review stood at Rs 1,831.88 crore. It was at Rs 1,915.31 crore in the year-ago period, ABFRL said in a regulatory filing.

Torrent Pharma Consolidated March 2020 Net Sales at Rs 1,946.00 crore, up 4.85% Y-o-Y

Tata Investment Corporation posts net loss of Rs 36.75 crore in Q4 FY20

Total revenue from operations in the quarter under review stood at Rs 21.41 crore as compared to Rs 24.59 crore in the corresponding period a year ago.

United Spirits Q4 down 57.8% to Rs 49.3 crore

The company had posted a net profit of Rs 116.9 crore in the January-March quarter a year ago, United Spirits Ltd (USL) said in a regulatory filing.

Wonderla FY20 net profit up 17%

Amusement park operator Wonderla Holidays reported a net profit of Rs 64.78 crore for the financial year ended March 31, 2020,

Dabur's Q4 net profit falls 24% YoY; domestic volume declines at 14.6%

Consolidated EBITDA stood at Rs 352.3 crore against CNBC-TV18 poll of Rs 475 crore while EBITDA margin came at 18.9 percent against CNBC-TV18 poll of 21.8 percent.

Buy Birla Corporation; target of Rs 610: ICICI Direct

ICICI Direct is bullish on Birla Corporation has recommended buy rating on the stock with a target price of Rs 610 in its research report dated May 26, 2020.

KPIT Technologies Q4 net profit rises 23.3% to Rs 38.1 crore

Its revenue from operations stood at Rs 556.2 crore in the reported period, up 10.9 percent from Rs 501.2 crore in the March 2019 quarter, it added.

Hold Firstsource Solution; target of Rs 31: ICICI Direct

ICICI Direct recommended hold rating on Firstsource Solution with a target price of Rs 31 in its research report dated May 27, 2020.

Indian banks need $20 billion additional capital as credit quality weakens: Credit Suisse

The lenders would require extra capital in the coming 12 months as credit quality declines, resulting in wider provisioning

Banks would need additional capital buffer of $20 bn, says Credit Suisse

Slippage of 20% on loans under moratorium to weigh on capital ratios

Debt downgrades can push India bank fund raising to $20 billion

State-run banks will need $13 billion from the government to recapitalize.

This Pidilite Industries-promoted stock has rallied over 100% in one month

Vinyl Chemicals surged 10 per cent today to hit a 52-week high of Rs 109. The stock has rallied 111 per cent in the past one month from level of Rs 51.66 on the BSE

Sun Pharma share price falls 3.5% post Q4 earnings

Stock price of Sun Pharma has fallen 1.12% in one week and 8% in one month. However, the stock has risen 4.17% since the beginning of the year.

Skinbiotherapeutics (LON:SBTX) Shares Down 1.5%

Skinbiotherapeutics PLC (LON:SBTX) dropped 1.5% during mid-day trading on Monday . The stock traded as low as GBX 16.68 ($0.22) and last traded at GBX 16.75 ($0.22), approximately 423,279 shares traded hands during mid-day trading. An increase of 62% from the average daily volume of 261,826 shares. The stock had previously closed at GBX 17 […]

Walmart, ThredUp Join Forces For Second-Hand Clothes

Walmart is joining forces with resale startup ThredUp, according to a report in CNBC on Wednesday (May 27).

Samsung now bringing thousands of consumer electronics retailers online

Samsung partnered with India's payments and installments platform Benow earlier this month to bring 20,000 smartphone retailers online, and now, the company is expanding its Benow partnership to give

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is partnering withe the resale site ThredUp to sell used clothing, shoes, accessories, and handbags on its website.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart is diving into the $32 billion resale market through a partnership with the second-hand-sales site ThredUp.

Walmart is now selling used goods from Nike, Coach, Michael Kors and more as it dives into the $32 billion resale market

Walmart will for the first time sell used clothing, accessories, and shoes on its website through a partnership with the resale site ThredUp.

Walmart teams with ThredUP to sell used clothing online

NEW YORK — Walmart is teaming up with online resale site ThredUP.com to offer nearly 750,000 items of used women’s and children’s clothing and accessories items on its website.

Walmart Goes Full-Throttle on Resale With ThredUp

As part of an ongoing mission for fashion dominance, Walmart enters resale.

ThredUp Is The Win You Didn’t Know Walmart Needed

Walmart and ThredUp have announced an online partnership that will give consumers access to 750,000 pre-owned women’s and children’s items, accessories, footwear and handbags from ThredUp on Walmart’s site.

Coronavirus Lockdown XVII: The economics behind India's Rs 21 lakh crore package

The package is completely aligned to self-professed agenda of the IMF of limiting fiscal spending, relying on liquidity and credit to households, privatising government-run companies and more deregulations for private enterprises. This agenda has brought immense grief to a large number of countries to be comforting

Fortitude Budget: Singapore to tap $31b more from reserves to fund support measures

Singapore will draw another $31 billion from its reserves to fund a fourth package of measures to cushion people and the economy from the coronavirus pandemic. The second draw in the span of two months reflects the impact Covid-19 has had on Singapore's open economy as...

JP Morgan's Kalpana Morparia set to retire; Leo Puri to take over the reins

Takes charge in the first quarter of Calendar 2021; Murali Maiya to be new CEO

Leo Puri to take over as Chairman of JP Morgan

Kalpana Morparia to retire

How COVID-19 has changed the face of insurance industry and the role digital can play

The emerging trends post COVID crisis can be far-reaching. Pandemics can be short-lived, but the economic impact can be long-term.

PMVVY scheme modified! Senior citizens can get Rs 18,500 per month pension for 10 years

In the Modified PMVVY, the interest rate will keep varying depending on the financial year in which the investment is made.

Demand for real estate to go up in post COVID-19 world: Manoj Gaur

In an exclusive interview, Manoj Gaur, MD, Gaurs Group, and Chairman, Affordable Housing Committee, CREDAI (National), talks about the impact of Coronavirus on real estate in India and shares his industry outlook.

A.O. Smith partners with FoxyMoron to enhance digital presence

The agency will be responsible for building the brand's social presence and increasing market penetration and consumer engagement

Personal loan vs. Line of Credit: Which is better to end cash problem during Coronavirus pandemic?

A line of credit gives you access to a pool of funds from which you can draw for any personal or business-related activities.

Locust attack may benefit these stocks as agrochemicals usage shoots up; check target prices

Large swarms of locusts were seen across the states of Rajasthan, Madhya Pradesh, and parts of Maharashtra in the past few days, prompting fear of how bad the agriculture could be hit by such pest attacks.

Coronavirus aftermath: Airlines to reel under massive debts; will weigh down recovery

With airlines across the globe remaining shut in the wake of coronavirus lockdown, the debt mount up will weigh heavily on carriers and may even hamper recovery.

Bankruptcy resolution: In IBC, liquidation an overwhelming outcome rather than revival

Of the total 3,774 cases admitted into CIRPs till the end of March 2020, 914 ended into liquidation, which is 24% of the total cases admitted.

Despite rate cuts, your EMIs may still not fall as much

Banks have in-built mechanism to include the cost of default in the interest rate that it charges from the borrowers as way of credit risk premium, which can be increased or decreased by the bank

Rising global crude price raises India's basket 93% to $33

The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63

SAA can be rescued with requisite funding – administrators

Discussions with government reportedly ongoing.

Sebi unlikely to give result disclosure waiver to India Inc for Q1FY21

CII, FICCI have asked for exemption from disclosing June quarter results; Sebi says yet to take view

Donations by companies to PM-CARES Fund notified as CSR, says govt

Finance Minister Nirmala Sitharaman had tweeted on March 29 that CSR Funds can now donate to PM CARES Fund

From boom to bottom: Renault and Nissan bet on deeper cooperation

As Renault, Nissan and junior partner Mitsubishi repair their alliance, they are under pressure to recover from two years of falling vehicle sales, a problem exacerbated by the coronavirus pandemic

1 in 10 Indian jobseekers lost job, most think layoff imminent: Survey

Jobseekers from the IT, pharma, medical or healthcare and BFSI industries were less impacted by layoffs and salary cuts as compared to their counterparts from other industries.