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The ASPI ended higher amid healthy turnover levels yesterday with most sectors witnessing advances. DIAL, Lanka Walltiles PLC and Lanka Aluminium Industries PLC led market activity with crossings also seen in HNB. Trading in Dialog amounted to 21% of total turnover. =Capital Goods was the most actively traded sector (+1.92%) =Diversified Financials was the best […] ....
Bangladesh has joined China and South Korea by approving a currency swap to bail out Sri Lanka, which is facing its worst foreign exchange crisis, officials said Wednesday according to AFP. The central bank of Bangladesh on Tuesday approved a $ 250 million deal – its first currency swap – after Sri Lanka appealed for […] ....
NEW DELHI: Shares of TCS advanced 2 per cent ahead of the IT firm’s December quarter results scheduled for later in the day. The stock rose 2.16 per cent to hit a high of Rs 3,098.35 on BSE. On YoY basis, Nirmal Bang projects TCS reporting 2.6 per cent growth in revenues at Rs 40,900 crore. Ebit is seen rising 5.1 per cent YoY to Rs 10,477 crore. Profit is seen at Rs 8,630 crore, up 6.3 per cent. Margin is seen expanding to 25.6 per cent from 25 per cent YoY. Edelweiss expects TCS to report about 4.5-5 per cent growth in dollar revenue and 4 per cent expansion in constant currency (CC) growth all this on a sequential basis. ....