Integrated Capital Services (BOM:539149) appointed Ashish Sanwal as chief financial officer of the company, effective May 13, according to an Indian bourse filing on Tuesday.
Shares of the company jumped nearly 5% in Wednesday's trade.
Sanwal resigned from the position of manager-internal audit, effective May 12, following his appointment, the filing said.
Taiwan Paiho's (TPE:9938) net profit after tax amounted to NT$36.2 million in April, according to a Tuesday Taiwan Exchange filing.Shares of the touch fasteners manufacturer slid over 1% in Wednesday's midday trade.April consolidated revenue stood at NT$1.33 billion, while operating profit stood at NT$162.1 million.
New Zealand shares ended flat with a negative bias on Wednesday after a lower Wall Street close impacted by a hotter-than-expected US inflation report.The S&P/NZX 50 Index was little changed to close at 13,063.06.On Tuesday, the Nasdaq Composite fell 0.7%, the S&P 500 dropped 0.2%, while the Dow Jones managed to add 0.11%.The US Consumer Price Index gained 3.8% year on year in April, data from the Bureau of Labor Statistics showed.New Zealand will maintain tight control over day-to-day spending in this year's budget while boosting capital investment to improve infrastructure, defense, and energy security, according to a Wednesday Reuters report, citing Prime Minister Christopher Luxon's speech on Wednesday.In domestic news, Expectations for New Zealand's one-year-ahead annual consumer price index (CPI) inflation increased by 82 basis points to 3.41% from 2.59% in the June quarter, according to the Reserve Bank of New Zealand's (RBNZ) survey.Also, high-frequency data pointed to slowing momentum across services industries and households in New Zealand as the conflict in the Middle East leaves global oil markets tight, and shipping costs and refining margins elevated, ANZ said in its Quarterly Economic Outlook report.Further, the outlook for New Zealand's economy has shifted now to another year of "positive but still sub-par growth" at 1.5% in the wake of the conflict in the Middle East, due to which oil and refined fuel prices have risen, with real petrol and diesel prices now at a 50-year high, Westpac said.Meanwhile, a total of 3,019 metric tonnes (MT) of products were sold during the Global Dairy Trade (GDT) pulse auction held Tuesday, with supply ranging from 2,700 MT to 3,050 MT, according to data from the trading platform.In corporate news, NZX (NZE:NZX) appointed Deputy Chief Financial Officer Amy Trotman as acting CFO, effective immediately.Pacific Edge (ASX:PEB, NZE:PEB) secured NZ$25.4 million through an oversubscribed share placement priced at NZ$0.17 apiece, representing a 2.3% discount to the closing price on May 8.
Power transmission and distribution vertical of Larsen & Toubro (NSE:LT, BOM:500510) has secured "significant" orders valued between 10 billion Indian rupees and 25 billion rupees from clients in the Middle East, according to a Wednesday filing to the Indian stock exchanges.The contracts are for constructing one 380 kV substation and two 132 kV high-capacity substations on a turnkey basis.These substations will ensure reliable power to large load centers and decongest grids, thereby enabling them to meet growing demand, the filing said.