Auro Laboratories (BOM:530233) said that Chief Financial Officer Kuntal Pancholi has resigned effective May 28, citing personal reasons, according to a same-day filing on BSE.
Shares of the company rose nearly 1% in Friday's trade.
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Japanese Shares End Week With Gains on Hopes of US-Iran Ceasefire Extension
Japanese shares ended the week on a high, closing with gains on Friday, driven by optimism in global markets over a tentative 60-day ceasefire extension and renewed nuclear talks between the US and Iran.The Nikkei 225 closed up 1,636.38 points or 2.5% at 66,329.50.The drop in oil prices, with Brent crude falling towards $93 per barrel, also helped to lift investor sentiment.News platform Axios reported that the U.S. and Iran agreed on a 60-day memorandum of understanding to extend the ceasefire and launch negotiations on Iran's nuclear program. However, US President Donald Trump has yet to give final approval to the proposals.If approved, the deal will allow unrestricted shipping through the Strait of Hormuz, easing trade woes.Domestic investor mood was uplifted by the growth in Japan's retail sales by 2.1% year-on-year to 13.217 trillion yen in April, according to preliminary data from the Ministry of Economy, Trade, and Industry on Friday.The ministry also released data that showed Japan's industrial production index rose at a seasonally adjusted 0.8% in April from the month prior, and increased 2.3% from a year ago.Also, Japan's unemployment rate eased to 2.5% in April compared with the previous month's 2.7%, according to government data released on Friday.On the corporate side, Mitsui & Co (TYO:8031) plans to expand its liquefied natural gas investments across the Middle East, the U.S., and Australia, as the Japanese trading giant responds to surging electricity demand from data centers worldwide, Bloomberg News reported on Friday, citing CEO Kenichi Hori.Also, Nikon (TYO:7731) aims to revive its semiconductor photolithography business by offering lower prices than Dutch rival ASML, which controls over 80% of the market, Nikkei Asia reported on Friday, citing newly appointed president and CEO, Yasuhiro Ohmura.
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Asia
Huakang Century Medical Bags Supplier Bid for AMEC Headquarters for 94 Million Yuan
Wuhan Huakang Century Medical (SHE:301235) won the bid to become the supplier for the phase I project of the AMEC South China headquarters and manufacturing base for 94 million yuan, according to a Shenzhen bourse filing on Friday.Huakang will provide system engineering works for the project.The Chinese medical purification system developer's shares dropped 7% at the close.
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Asia
Sai Parenterals Secures $11 Million Anti-TB Supply Contract in Philippines
Sai Parenterals (NSE:SAIPARENT, BOM:544742) received a purchase order worth $11 million from Philippines-based PILL Corp for anti-tuberculosis products, according to an Indian bourse filing on Thursday.Shares of the company fell nearly 2% in Friday's trade.The agreement covers the exclusive supply of anti-tuberculosis products for the Philippines market over 10 years, with purchase orders to be released periodically during the contract term, the filing said.The contract will be effective June 1, it added.
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