TOKYO (Reuters) – Japan’s Nikkei share average tumbled 2.9 percent to a three-week low on Wednesday, posting its biggest daily drop since mid-March, as a stronger yen dragged down exporters and concerns about Ukraine curbed investors’ risk appetites.
MUMBAI (Reuters) – The Reserve Bank of India has barred banks from levying foreclosure charges on individual borrowers for all floating rate loans with immediate effect, it said in a release on Wednesday.
NEW DELHI (Reuters) – India’s coal imports fell 6 percent in April from a year ago to 15.2 million tonnes, the first dip in three months, as power and steel producers used up stocks piled up in previous months, according to provisional data from research firm OreTeam.
TOKYO (Reuters) – Asian shares stumbled to a one-month low and the safe-haven yen hovered just below a multi-month high against the dollar on Wednesday as the heightened possibility of Ukraine slipping into civil war depressed risk appetite.
Reuters Market Eye – Shares in Titan Co Ltd gain 1.4 percent to 275 rupees, adding to Tuesday’s gain of 3.5 percent, after the jewellery company’s January-March profit rose a stronger-than-expected 11.3 percent.
Reuters Market Eye – Shares in Gujarat Pipavav Port Ltd rose as much as 18.5 percent to a record high of 106.45 rupees after the port operator reported a 72 percent surge in January-March net profit.
Reuters Market Eye – Shares of CESC Ltd rise after Deutsche Bank initiates coverage with a “buy” rating and a target price of 625 rupees for the power utility and retailer.
REUTERS – Chinese e-commerce giant Alibaba Group Holding Ltd filed on Tuesday for an initial public offering (IPO) in the United States. The deal is expected to surpass Facebook Inc’s $16 billion IPO to top the list of biggest technology listings.
Reuters Market Eye – The BSE Sensex and the broader Nifty are trading lower on increasing caution over slowing foreign portfolio investments.
Reuters Market Eye – Shares of Bharat Petroleum Corp Ltd (BPCL) gain 1.3 percent while Oil and Natural Gas Corp Ltd is up 0.42 percent after Anadarko Petroleum Corp on Monday raised its reserve estimates for a Mozambique asset where the two Indian energy companies own stakes.