Star Sports India Wins Cricket Broadcast Rights For Rs 6,138 Crore

Gold Silver Reports (GSR) – Star Sports India Wins Cricket Broadcast Rights For Rs 6,138 Crore – The company retained the rights for television and digital broadcast of international and domestic cricket matches in India for the next five years by bidding Rs 6,138.1 crore (about $950 million), according to Board of Cricket for Control In India’s acting treasurer Anirudh Chaudhury. That’s nearly 60 percent more than the value of the earlier contract it had secured in 2012.        

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Stocks in Asia fluctuated

Gold Silver Reports (GSR) – Stocks in Asia fluctuated — Chinese equity markets reopen after a holiday, though there seemed to be little reaction to President Donald Trump’s order for a review of additional tariffs that prompted an aggressive response from China. Hong Kong equities outperformed. The yen fluctuated ahead of remarks Monday by Bank of Japan Governor Haruhiko Kuroda at the start of his second term. While Friday’s selloff left U.S. stocks teetering on a key support level, futures on the S&P 500 Index climbed in early trading.                         

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Trump’s ‘Art of the Deal’ Tactics Face Ultimate Test With China

Trump Calms Global Markets as ‘Buy America’ Trade

Gold Silver Reports (GSR) – Trump’s ‘Art of the Deal’ Tactics Face Ultimate Test With China — In his 2nd year as president, Trump has moved to deliver on election promises to crack down on countries he accuses of unfair trade practices. The U.S. has imposed-tariffs on steel-imports, renegotiated its trade deal with South-Korea and proposed sweeping duties on Chinese products. The hawkish turn has raised concerns among investors of an escalating trade war that undermines the broadest global growth in years.                                                               

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Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities

Gold Silver Reports (GSR) – Stocks in Asia Looked Set to Fall After a Decline in U.S. Equities — Futures on equities in Japan and Australia fell, while those in Hong Kong nudged higher. Chinese equity markets are due to reopen after a holiday, with traders getting their first chance to react to President Donald Trump’s order for a review of additional tariffs that prompted an aggressive response from China. While Friday’s selloff left U.S. stocks teetering on a key support level, futures on the S&P 500 Index climbed in early trading.               

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Sona Koyo Declines Investors Plan To Sell Stake

Sona Koyo Declines Investors Plan To Sell Stake

Shares of the auto parts maker fell as much as 8.9 percent, most in almost eight months, to Rs 89.4 which was the lowest level achieved in a little over nine months. An investor in Sona Koyo Steering Systems Ltd., JTEKT Corporation Ltd., has proposed to sell up to 35 lakh shares to retail and non-retail investors on both the exchanges, according to the company’s exchange filing.

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GM Breweries Surges Bonus Announcement

GM Breweries Surges Bonus Announcement

Gold Silver Reports (GSR) – Shares of the alcohol manufacturer rose as much as 6.6 percent to Rs 1,200, its highest level in three months. The board of GM Breweries Ltd. has recommended a dividend at the rate of 30 percent or Rs 3 per share, the company said in an exchange filing. The board has also recommended a bonus issue of shares in the ratio of 1:4.                           

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