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Sterlite Technologies' Interim Chief Human Resource Officer; Shares Up 5%

Sterlite Technologies (NSE:STLTECH, BOM:532374) said its interim chief human resource officer, Saumya Mondal, has passed away on April 12, according to a Monday filing to the Indian stock exchanges.The company's shares were up 5% in recent trade.

BOM:532374NSE:STLTECH

Asia162d ago

Adani Enterprises Incorporates Four Units; Shares up 3%

Adani Enterprises (NSE:ADANIENT, BOM:512599) has incorporated four wholly owned subsidiaries to undertake real estate, construction and hospitality activities, according to an Indian bourse filing on Saturday.Shares of the company rose nearly 3% in Monday's trade.The new entities are named Adani Mangaluru Airport City, Adani Jaipur Airport City, Adani Lucknow Airport City and Adani TRV Airport City, the filing said.

BOM:512599NSE:ADANIENT

Asia162d ago

R M Drip and Sprinklers Systems Allots Bonus Equity Shares; Shares Down 4%

R M Drip and Sprinklers Systems (NSE:RMDRIP, BOM:544456) has allotted 178.4 million fully paid-up bonus equity shares of face value of 1 Indian rupee each in the ratio of 5:7, according to a Monday filing to the Indian stock exchanges.The bonus shares have been allotted five new fully paid-up equity shares of 1 rupee each for every seven existing fully paid-up equity shares of 1 rupee each held by the eligible shareholders.Following the allotment, the company's paid-up equity share capital has increased to 428.2 million rupees, comprising 428.2 million equity shares of face value of 1 rupee each.The company's shares were down nearly 4% in recent trade.

BOM:544456NSE:RMDRIP

Asia162d ago

Hong Kong Stocks Fall as US Moves to Blockade Iranian Ports; Joy Spreader Surges on AI Tie-Up

Hong Kong stocks declined on Monday as investors grew cautious after U.S.-Iran talks collapsed, with plans to blockade Iranian ports adding to uncertainty.The Hang Seng Index fell 232.69 points, or 0.9%, to close at 25,660.85, while the Hang Seng China Enterprises Index dropped 52.98 points, or 0.6%, to 8,602.06.U.S. President Donald Trump said Sunday that the Navy would begin blockading the Strait of Hormuz, putting a fragile two-week ceasefire at risk.The U.S. Central Command said the blockade, set to begin on Monday, will apply to all vessels entering or leaving Iranian ports and coastal areas.Meanwhile, Iran's Islamic Revolutionary Guard Corps warned that any military vessels approaching the strait would be treated as violating the ceasefire and met with a decisive response.The escalating tensions rippled through commodity markets, with oil prices climbing above $100 a barrel, while gold slipped to a near one-week low as a stronger dollar weighed on demand.In corporate news, Joy Spreader (HKG:6988) surged nearly 99% after partnering with Beijing Volcano Engine Technology to deploy artificial intelligence across its operations.Meanwhile, Victory Giant Technology (HKG:2476, SHE:300476) launched a Hong Kong listing to raise up to HK$17.5 billion, moving ahead with one of the city's largest listings this year despite Middle East-driven market volatility.

Hang SengHKG:2476HKG:6988SHE:300476

Asia162d ago

Cosmos Pharmaceutical's Nine-Month Profit Rises 1.8%

Cosmos Pharmaceutical's (TYO:3349) profit attributable to owners of the parent rose 1.8% to 22.8 billion yen for the nine months ended Feb. 28 from 22.3 billion yen a year earlier.The pharmaceutical firm's basic earnings per share increased to 287.02 yen from 281.91 yen a year ago, according to a Tokyo bourse filing on Monday.Net sales jumped 7.7% to 810.4 billion yen from 752.3 billion yen in the prior year.For the fiscal year ending May 31, the company expects attributable profit of 31 billion yen, basic EPS of 391.13 yen, and net sales of 1.057 trillion yen.Cosmos Pharmaceutical plans to pay a year-end dividend of 37.50 yen per share for the current year, bringing the total annual payout to 75 yen, which is higher than the 70 yen paid in the year-ago period.

TYO:3349

Asia162d ago

Shandong Publishing & Media 2025 Profit Down 8%, Revenue Up 5%

Shandong Publishing & Media (SHA:601019) posted 2025 attributable net profit of 1.17 billion yuan, down 7.6% from 1.27 billion yuan the previous year.Earnings per share declined to 0.56 yuan from 0.61 yuan, according to a filing with the Shanghai bourse.Operating revenue slipped 4.6% year over year to 11.2 billion yuan from 11.7 billion yuan.Shares of the multimedia company closed 10% lower Monday.

SHA:601019

Asia162d ago

CECEP Wind-power Logs 12% Decline in Q1 Power Generation

CECEP Wind-power (SHA:601016) logged first-quarter total power generation of 3.14 billion kilowatt hours, down 12% from 3.55 billion kWh the previous year.Onshore wind generation declined 12% to 2.91 billion kWh from 3.32 billion kWh, while offshore wind fell 26% to 169.3 million kWh from 227.6 million kWh, according to a filing with the Shanghai bourse.Independent energy storage stood at 57.4 million kWh.Shares of the renewable energy company rose 2% Monday.

SHA:601016

Asia162d ago

Baazar Style Retail Opens New Store in Odisha, India

Baazar Style Retail (NSE:STYLEBAAZA, BOM:544243) has opened a new Express Baazar store at Balasore in Odisha, India, on Sunday, according to a same-day filing to the Indian stock exchanges.With this, the company's total number of stores has increased to 270.The company's shares rose around 1% in Monday's trade.

BOM:544243NSE:STYLEBAAZA

Asia162d ago

Hunan Xiangjia Animal Husbandry to Pay Convertible Bond Interest

Hunan Xiangjia Animal Husbandry (SHE:002982) on April 20 will pay the fourth annual interest payment for the Xiangjia convertible bond.The company will pay 12.00 yuan per 10 bonds, representing a 1.2% coupon rate, according to a Monday filing with the Shenzhen bourse.Record date is April 17.Shares of the livestock company closed 2% higher Monday.

SHE:002982

Asia162d ago

Italy Restricts Sinochem from Holding Board Positions in Bid to Solve Governance Crisis

The Italian Prime Minister's Office has imposed restrictions on Sinochem International (SHA:600500) in a bid to resolve the governance standoff at Pirelli, the tire manufacturer said Saturday.The restrictions form part of the Golden Power decree of Prime Minister Giorgia Meloni's office.They include a limit on the number of directors Sinochem could appoint to the board of the tire maker, as well as an appointment ban for Sinochem directors as chairman, vice chairman, or chief executive officer, Pirelli said.Meloni's office also restricted Sinochem directors from chairing board committees.The restrictions will remain in force as long as Sinochem retains its stake in Pirelli above 9.99%, the tire maker said.Sinochem holds a stake in Pirelli through Italian branch Marco Polo International.Pirelli and Camfin have called for restrictions on Sinochem as its Chinese origins prevent the tire maker's U.S. expansion, according to multiple media reports.

SHA:600500

Asia162d ago

Laxmi Organic Industries Appoints Interim CFO

Laxmi Organic Industries (NSE:LXCHEM, BOM:543277) has appointed Harshvardhan Goenka as interim chief financial officer with effect from April 14, according to a filing to the Indian stock exchanges on Monday.With over 13 years of experience in the chemicals industry, Goenka is responsible for driving the growth agenda and establishing new ventures at Laxmi Organic.He takes over from Mahadeo Karnik, who resigned from the position with effect from Monday, citing better opportunities.The company's shares were up over 1% in recent trade.

BOM:543277NSE:LXCHEM

Asia162d ago

Pacific Shuanglin Bio-pharmacy Gets Approval for Human Thrombin Clinical Trial

Pacific Shuanglin Bio-pharmacy (SHE:000403) unit Guangdong Shuanglin obtained clinical trial approval from China's drug regulator for human thrombin.The drug is intended as an adjunctive hemostatic for capillary and venule bleeding during surgery when standard techniques fail, according to a Monday filing with the Shenzhen bourse.Shares of the biotechnology company closed 1% lower Monday.

SHE:000403

Asia162d ago

Baazar Style Retail Opens Two New Style Baazar Stores in India

Baazar Style Retail (NSE:STYLEBAAZA, BOM:544243) set up two new Style Baazar stores in India on Saturday, one at Rai Bareli Road in Uttar Pradesh and another at Axis Mall in West Bengal, according to a same-day filing on Indian bourses.Shares of the company rose nearly 2% in Monday's trade.With this, the company's total number of stores has reached 269, the filing said.

BOM:544243NSE:STYLEBAAZA

Asia162d ago

South Korean Shares Close Lower on Failed US-Iran Talks, Hormuz Blockade by US Navy

South Korean shares closed lower on Monday after the US and Iran failed to reach common ground after 21 hours of negotiations in Islamabad, Pakistan.Following the failed talks, US President Donald Trump on Sunday warned on Truth Social that the US Navy would immediately begin blockading all ships attempting to enter or leave the Strait of Hormuz. US forces are expected to block all maritime traffic entering and exiting Iranian ports at 10 am ET on Monday.The Korea Composite Stock Price Index or Kospi fell 50.25 points, or 0.9%, to end at 5,808.62. The Kosdaq increased by 6.21 points, or 0.6%, to close at 1,099.84.In economic news, South Korea's exports jumped 36.7% to $25.2 billion in the first 10 days of April from $18.4 billion a year earlier, Monday data from the Korea Customs Service showed. Imports increased 12.7% to $22.1 billion from $19.6 billion a year earlier, resulting in a $3.1 billion trade surplus.In corporate news, HD-Hyundai Marine Engine (KRX:071970) secured a ship engine supply contract from K Shipbuilding, according to a Monday filing with the Korean Exchange. The deal is valued at 85.9 billion won. The shipbuilder will deliver the engine by May 25, 2028.Shares of HD-Hyundai Marine Engine jumped more than 5% at market close.

^KOSDAQKOSPIKRX:071970

Asia162d ago

Baoding Tianwei Baobian Electric Q1 Profit Up 110%, Revenue Climbs 11%

Baoding Tianwei Baobian Electric (SHA:600550) posted first-quarter attributable net profit of 59.6 million yuan, up 110% from 28.3 million yuan the previous year.Earnings per share rose to 0.032 yuan from 0.015 yuan, according to a filing with the Shanghai bourse.Operating revenue climbed 11% year over year to 1.64 billion yuan from 1.48 billion yuan.Shares of the power transformer manufacturer closed 3% lower Monday.

SHA:600550

Asia162d ago

RHB Research Institute Downgrades Supermax to Neutral from Trading Buy, Price Target is MYR0.36

KLSE:SUPERMX

Asia162d ago

TA Securities Downgrades Sunway Construction Group to Hold from Buy; Price Target is MYR7.28

Sunway Construction Group (KLSE:SUNCON) has an average rating of buy and mean price target of 7.46 ringgit, according to analysts polled by FactSet.

KLSE:SUNCON

Asia162d ago

Chinese Stocks Muted Amid Failed US-Iran Talks, Improved GDP Outlook

Chinese equities closed flat, mainly in positive territory, slightly rebounding from earlier losses due to threats of the U.S. blocking the Strait of Hormuz.The Shanghai Composite Index moderately rose to close Monday's trade at 3,988.56. The Shenzhen Component Index added 0.7%, or 98.39 points, to 14,407.86.Investors are still cautious as talks between the U.S. and Iran crumbled, prompting President Donald Trump to announce an immediate naval blockade of the strait, which is a critical global oil passageway.Despite the growing Middle East tensions, the Asian Development Bank, or ADB, lifted its economic forecast for China for the year, bringing its gross domestic product 4.6% from the previous forecast of 4.3%. The ADB attributed the improved outlook on the government's support for high-tech innovation and continued exports as China leans towards non-U.S. global trade partners.In corporate news, Haisco Pharmaceutical (SHE:002653) soared after granting AbbVies exclusive rights for Nav1.8 inhibitors.Jinan Shengquan (SHA:605589) rose 2.7% amid plans to issue convertible bonds worth 2.50 billion yuan.

Shanghai Composite^SZSESHA:605589SHE:002653

Asia162d ago

Perak Transit Seeks 10% Share Buyback Mandate; Shares Dip 4%

PePerak Transit (KLSE:PTRANS) is seeking its shareholders' approval to renew share buyback authority to purchase up to 10% of the issued shares in the company's upcoming annual general meeting, according to a Friday Malaysian bourse filing.Shares fell 4% in Monday's midday trade.The terminal operating company will share a statement containing details of the repurchase plan with shareholders in due time, it noted.

KLSE:PTRANS

Asia162d ago

R R Kabel Forays into Kitchen Appliances Segment, Expands Air Coolers Range

Wires and cables manufacturer R R Kabel (NSE:RRKABEL, BOM:543981) has expanded its fast-moving electrical goods (FMEG) portfolio with its foray into the kitchen appliances segment and the expansion of its air coolers range, according to a Monday filing to the Indian stock exchanges.The new products have been launched under its premium appliance brand, RR Signature.The expanded portfolio includes the launch of mixer grinders, electric cooktops, and hand blenders under the RR Signature Appliances brand.RR Kabel also plans to strengthen its kitchen appliances presence in the current financial year 2026-27 by introducing additional categories.The company's shares were down nearly 1% in recent trade.

BOM:543981NSE:RRKABEL

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