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Asia
Market Chatter: CPC to Hold Domestic Fuel Prices Steady This Week Despite Crisis
State-owned CPC Corp., Taiwan will keep domestic gasoline and diesel prices unchanged for the coming week, under the government efforts to stabilize consumer prices amid volatile global crude oil markets, Focus Taiwan reported Saturday.From midnight Monday to May 3, gasoline prices will remain at NT$32.4, NT$33.9 and NT$35.9 per litre for 92, 95 and 98-octane grades, respectively. Premium diesel will also stay unchanged at NT$31.0 per litre, the news outlet said.It marks the fourth straight week that the state-owned oil supplier has held fuel prices steady, despite ongoing geopolitical tensions in the Middle East. The company estimates it will absorb losses of NT$2.7 per litre for gasoline and NT$4.4 for diesel next week, as it continues to keep local prices below regional levels to help contain inflation, reportedly.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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Asia
The Supreme Industries' Consolidated Profit Rises in Fiscal Q4
The Supreme Industries' (NSE:SUPREMEIND, BOM:509930) consolidated profit rose to 4.34 billion Indian rupees in the fiscal fourth quarter ended March 31, from 2.94 billion rupees a year ago.Earnings per share came in at 34.13 rupees from 23.14 rupees, the plastic products manufacturer said in a filing to the Indian stock exchanges on Monday.Revenue from operations in fiscal Q4 also increased to 35.3 billion rupees from 30.3 billion rupees a year ago.The company's board recommended a final dividend of 25 rupees per share of 2 rupees each for the financial year ended March 31.The company's shares were up nearly 2% in recent trade.
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Asia
PNGS Gargi Fashion Jewellery Opens New Store in Amravati, India
PNGS Gargi Fashion Jewellery (BOM:543709) opened a new exclusive brand store in Amravati, India, on Sunday, according to a same-day BSE filing.The company's shares were up nearly 1% in recent trade.
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