Ripples Advisory, Opening bell: Asian stocks open mixed
In other news, Royal Enfield, a unit of Eicher Motors, has planned a capital expenditure of Rs800 crore for the year 2018-19
Asian stocks mixed in morning trade
Asian markets opened mixed as investors awaited China’s response to US tariffs, reports Bloomberg. Overnight US stocks closed with gains as investors looked forward to earnings season. S&P 500 at 2,614 is up 1.26%.
Indian IT companies reduce H-1B visa filings drastically
India’s largest information technology (IT) outsourcing companies, including TCS Ltd, Infosys Ltd and Wipro Ltd, have reduced their dependence on H-1B visas over the last three years, a US daily reported. Read more.
Jewellery exports decline 11% in February
Lack of institutional finance support due to Nirav Modi scam, coupled with introduction of value added taxes on gold buying by Dubai resulted in 11% year-on-year fall in gold jewellery exports from India in February, reports The Times of India.
RBI bars Axis Bank from importing bullion for FY19
The Reserve Bank of India (RBI) has dropped Axis Bank, which has been one of the largest importers of bullion, from the list of lenders allowed to ship in gold and silver for the current fiscal year
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