Jet Airways shares fall 6% on interest payments delay, rating downgrade
Mumbai: Jet Airways shares fell nearly 6% on Wednesday after the cash-strapped airline said it has delayed its interest payment to a consortium of lenders led by the State Bank of India due to cash flow issues. The default also prompted ratings agency ICRA to downgrade the company’s long- and short-term ratings. Jet Airways shares slumped as much as 5.7% intraday...
Reliance Securities’ top stock picks for 2019
Mumbai: Indian stock markets are likely be volatile in the first half of 2019 with a host of domestic and international factors, including 2019 general elections, concerns of global economic slowdown and uncertainty in US-China trade relations. The volatility in the first few months of the year will give a chance to build the portfolio over the next two quarters...
Asian stocks rise over hopes of easing Us-China trade war
Sydney: Asian stocks, closing in on their worst year since 2011, got some relief on the last day of 2018 after U.S. President Donald Trump reported “big progress” in trade talks with his Chinese counterpart. The yen declined. Equities gained in Hong Kong and Australia, along with S&P 500 Index futures, after Trump said in a tweet that negotiations...
Asia stocks jump on biggest US rally since 2009
New York: Asian stocks climbed on Thursday after the biggest rally in U.S. equities since 2009 offered relief from this month’s wrenching global market downturn. Japanese benchmarks jumped about 4 percent at the open and Australian shares advanced more than 1 percent as trading resumed after holidays there. Korean stocks were flat, however, and U.S. futures dipped, suggesting the follow-through from...
