20
Monday
September 2021
10:02 PM IST
News Headlines
Former TT champ Martin to retire after world championships        Gill, Rana are about to shock the world: KKR chief mentor Hussey        Electrical equipment mkt may grow at 12 pc annually to reach USD 72 bn by 2025        Small cars too need adequate number of airbags to ensure safety, says Gadkari        Taliban-run Kabul municipality to female workers: Stay home        Nepal observes Constitution Day; PM Deuba vows to protect, implement statute        Adityanath releases report card; says UP has seen complete transformation under BJP rule        BJP uses Taliban, Afghanistan, Pakistan to garner votes: Mehbooba        Charanjit Singh Channi to be next CM of Punjab        Boxing: Mohammad Hussamuddin sails into QF        Leading garment exporter Kitex Group to invest Rs 2,400 cr in Telangana        Taliban continue restrictive policies on women's education, resume secondary school lessons only for male students        Sidhu is a 'friend of Pakistan', will oppose if he is appointed CM: Amarinder Singh        Schools in Kerala to reopen from Nov 1        Amarinder Singh resigns as Punjab CM, says will not accept Sidhu for top post        Sachin stuns World Championships medallist Gaurav Bidhuri        Sensex, Nifty snap winning streak, end in red        Rahul attacks BJP govt over unemployment issue        International community must think carefully, consult before giving acceptance to new Kabul regime: PM Modi        Kerala to allot 36.84 acres land to TCS, aims to create 10,000 jobs        
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Business News
Asian markets mixed after modest gains on Wall St
 
Bangkok: Asian markets were mixed on Friday after major indexes edged higher on Wall Street, preserving their gains for the week. Hong Kong and Shanghai fell while Sydney and Seoul advanced. Tokyo was closed for a holiday.

Surges in coronavirus cases around the region are prompting governments to tighten pandemic restrictions that are expected to slow business activity and keep travel to a minimum.

Thailand reported a daily record of 14,575 cases, with 114 deaths, as a stricter set of limits went into effect in many areas. The central bank, meanwhile, has said this latest, worst outbreak could cause the economy to contract by 2 per cent this year, instead of the recovery it had earlier forecast.

The SET in Bangkok edged 0.1 per cent lower. In Seoul, the Kospi was 0.2 per cent higher, while Sydney's S&P/ASX 200 gained 0.1 per cent.

Regional trading was muted, with markets in Japan closed for a holiday ahead of the opening ceremony for the Tokyo Olympics.

The Hang Seng in Hong Kong lost 1 per cent to 27,438.68 and the Shanghai Composite index gave up 0.7 per cent to 3,551.55.

The declines came as Bloomberg reported regulators were planning more penalties for ride-sharing giant Didi, whose shares in New York sank 11.3 per cent on Thursday.

Didi's shares have declined more than 25 per cent since they began trading in New York last month, amid a crackdown by the Chinese government on technology companies.

Asian equities traded sideways on Friday, mirroring choppy price action on Wall Street overnight," Anderson Alves of ActivTrades said in a commentary. However, pandemic concerns continue to weigh on the market."

On Thursday, the S&P 500 rose 0.2 per cent to 4,367.48. The Dow Jones Industrial Average added 0.1 per cent to 34,823.35. The Nasdaq composite gained 0.4 per cent to 14,684.60.

All three indexes remain close to the all-time highs they set early last week.

Wall Street's smallest companies lost ground. The Russell 2000 index fell 1.5%, to 2,199.48.

Gains by Apple, Microsoft and other big technology stocks helped offset declines for banks, energy companies and industrial stocks.

Trading was mostly muted as investors reviewed the latest corporate earnings and a surprise increase in the number of Americans filing for unemployment benefits.

Hints about when the Federal Reserve may begin to unwind some of the support that's helped keep the economy going during the pandemic, now that inflation is on the rise, is expected from a two-day policy making meeting next week.

The Labor Department reported unemployment claims rose last week to 419,000, the most in two months and more than economists were expecting. Economists said it was most likely a blip caused by some one-time factors and partly a result of the inevitable bumpiness in the week-to-week data.


Electrical equipment mkt may grow at 12 pc annually to reach USD 72 bn by 2025
Small cars too need adequate number of airbags to ensure safety, says Gadkari
Leading garment exporter Kitex Group to invest Rs 2,400 cr in Telangana
Sensex, Nifty snap winning streak, end in red
Bringing diesel, petrol in GST may be discussed in Council meeting, also on agenda is taxing Swiggy, Zomato
PepsiCo set up food plant in Mathura
Without GST documents Arecanut transporting vehicles seized
Wipro and First Horizon Bank forge a cloud-based fintech future for virtualBank
Mahindra XUV700 makes a pitstop in Bengaluru
India's industrial production grew 11.5 per cent in July on low base, recovery
FADA expresses shock over Ford India's announcement to stop manufacturing vehicles in India
FICCI, PHDCCI welcome PLI for textile sector
Domestic air passenger traffic up 31% at 66 lakh in Aug on higher capacity deployment: ICRA
Jio completes 5 yrs of operations; tech world congratulates
Hero MotoCorp and Harley-Davidson expand customer touch points, open bookings for next lot of ‘Pan America 1250’ adventure bike
Rupee inches 3 paise higher to 73.03 against US dollar in early trade
HDFC Life to acquire Exide Life Insurance for Rs 6,687 crore
M Suresh takes over as Member (Air Navigation Services) at AAI
Tata Motors launches Tigor EV with price starting at Rs 11.99 lakh
Google removes 95,680 content pieces in July in India: Compliance report
KERALA NEWS
Schools in Kerala to reopen from Nov 1
 Thiruvananthapuram, Schools in Kerala will be reopened from November 1, Chief Minister Pinarayi Vija  
Kerala to allot 36.84 acres land to TCS, aims to create 10,000 jobs
PDP leader Poonthura Siraj passes away
Rajya Sabha MP Suresh Gopi courts controversy
INTERNATIONAL NEWS
Taliban-run Kabul municipality to female workers: Stay home
 Kabul, Sep 19 (AP) Female employees in the Kabul city government have been told to stay home, with w
Nepal observes Constitution Day; PM Deuba vows to protect, implement statute
Taliban continue restrictive policies on women's education, resume secondary school lessons only for male students
International community must think carefully, consult before giving acceptance to new Kabul regime: PM Modi
NATIONAL NEWS
Adityanath releases report card; says UP has seen complete transformation under BJP rule
 Lucknow, Sep 19 (PTI) Asserting that Uttar Pradesh has undergone a complete transformation under his
BJP uses Taliban, Afghanistan, Pakistan to garner votes: Mehbooba
Sidhu is a 'friend of Pakistan', will oppose if he is appointed CM: Amarinder Singh
Rahul attacks BJP govt over unemployment issue
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