Gold Silver Reports (GSR) – Jet Airways Rises On Buying 75 Boeing Planes – Shares of the Mumbai-based airline rose as much as 1.57 percent to Rs 384 after it purchased 75 of Boeing Co.’s 737 Max aircraft for about $8.8 billion as it looks to continue rapid expansion in the world’s fastest-growing major aviation market.
Stock Market
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Focus Stocks: Jet Airways, Oil India, United Spirits
Gold Silver Reports (GSR) – Focus Stocks: Jet Airways, Oil India, United Spirits — Shares opened lower in Japan and fell in Australia and South Korea, while futures signaled losses for Hong Kong equities after the S&P 500 Index had its biggest slide since April and European bourses declined.
Atlas Jewellery are Set for Their Biggest Monthly Gain
Gold Silver Reports (GSR) – Atlas Jewellery are Set for Their Biggest Monthly Gain – M.M. Ramachandran was released on bail in June more than two years after a Dubai court sentenced him to three years for defaulting on loans. He said the company has paid off part of the money owed to a consortium of banks by selling some assets in Oman.
Futures Signaled Losses for Stock Indexes in Japan
Gold Silver Reports (GSR) – Futures signaled losses for stock indexes in Japan, Hong Kong and South Korea after the S&P 500 Index followed European bourses lower. Reports that the U.S. Treasury will propose limits on Chinese technology investment damped sentiment, though stocks did recoup some losses as National Trade Council Director Peter Navarro said there were no plans to impose restrictions. The dollar weakened and 10-year Treasury yields fell to the lowest in more than three weeks.
Equities Tumbled Around the World on Reports
Gold Silver Reports (GSR) – Equities tumbled around the world on reports that the Treasury department will propose limits on Chinese technology investment, straining already tense relations between the world’s two largest economies. Navarro said on CNBC that there were no plans to impose restrictions, sparking a late-day rebound. China and Europe warned the escalating trade war could trigger a global recession.
KRBL Slides After Report On Former Director’s Role In AgustaWestland Case
Gold Silver Reports (GSR) – KRBL Slides After Report On Former Director’s Role In AgustaWestland Case – Shares of the food processing company fell as much as 20.3 percent to Rs 373.50. — The company’s former director Gautam Khaitan was arrested by the enforcement directorate (ED) in connection with the AgustaWestland case, according to a report by The Sunday Guardian.
Idea Cellular Share Price Falls On Reports Of Possible Merger Delay
Gold Silver Reports (GSR) – Idea Cellular Share Price Falls On Reports Of Possible Merger Delay – Shares of the telecom operator fell as much as 7.3 percent, the most in over three weeks to Rs 56.15. – The company’s merger with Vodafone India Ltd. may not meet the expected June 30 deadline as the Telecom Department is looking to raise a fresh demand of around Rs 4,700 crore, PTI reported quoting a person familiar with the development.