-- Swati Projects (BOM:543914) appointed Ravi Todi as its chief executive officer, effective May 2, according to a same-day filing on BSE.
Shares of the company increased over 2% in Monday's trade.
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Asia
Austal Awarded Around AU$136 Million Contract Extension for Construction of Two Patrol Boats for Australian Border Force
Austal (ASX:ASB) said Austal Ships was awarded a contract extension for the construction of two additional Evolved Cape-class patrol boats for the Australian Border Force, valued at around AU$136 million, according to a Monday Australian bourse filing.This brings the total number of patrol boats contracted for delivery to the Australian Border Force to six.The construction of the two new patrol boats will take place at Austal's Henderson shipyard in Western Australia.Its shares fell 2% in recent trading on Monday.
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Asia
New Zealand Shares Rise; a2 Milk Co. Recalls US Infant Formula Batches After Toxin Detection
New Zealand shares ended higher on Monday as most Asian indexes saw gains amid hopes of an easing US-Iran war.The S&P/NZX 50 Index rose 0.45% or 58.48 points to close at 13,097.68.US President Donald Trump on Sunday said that the US would begin efforts Monday morning to help free ships stranded in the Strait of Hormuz, describing the move as a humanitarian step to assist neutral countries amid the US-Israeli war with Iran, according to a Sunday Reuters report.In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (ASX:SM1, NZE:SML).Air New Zealand (ASX:AIZ, NZE:AIR) group capacity rose 4.1% year on year in March, and long-haul available seat kilometers (ASKs) rose 2.5%, while domestic ASKs increased by 3.4%.
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International
Indonesia's Exports, Imports Rise in Q1
Indonesia booked a trade surplus of $5.55 billion in the first quarter, supported by a strong non-oil and gas balance despite higher import growth, according to official data released by Statistics Indonesia on Monday.Exports in the first quarter rose 0.34% annually to $66.9 billion, while imports climbed 10.05% to $61.30 billion.In March alone, exports fell 3.1% from a year earlier to $22.53 billion, while imports edged up 1.5% to $19.21 billion, the data showed.
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