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 •  MRT Line 2 tender exercise to start in Q3
KUALA LUMPUR: Pre-qualification exercises to shortlist prospective tenderers for the elevated works, stations and underground works for the RM23bil Sungai Buloh-Serdang-Putrajaya MRT line (MRT Line 2) are expected to start by the third quarter of this year, said Gamuda Bhd.
 
 •  EPF ceases to be Top Glove substantial shareholder
KUALA LUMPUR: The Employees Provident Fund (EPF) Board has ceased to be a substantial shareholder of Top Glove Corporation Bhd after the disposal of five million shares.
 
 •  Panasonic ready for $8.4 bln M&A spree as profit jumps
TOKYO: Japanese electronics supplier Panasonic Corp said it was ready to spend 1 trillion yen ($8.4 billion) on acquisitions over the next four years, emboldened by a stronger profit outlook for its automotive and housing technology businesses.
 
 •  AirAsia X seeks nod for RM395m cash call on Friday
KUALA LUMPUR: Shareholders of AirAsia X Bhd (AAX), the long-haul low-cost affiliate of AirAsia Bhd, will vote on Friday on its cash call to raise up to RM395mil under its recovery plan.
 
 •  Econpile order book hits RM500m with IOI Rio City job
KUALA LUMPUR: Econpile Holdings Bhd’s order book has exceeded RM500m, which will be recognised until 2016, with the new RM54.5mil contract to undertake the sub-structure for IOI Rio City in Puchong, Selangor.
 
 •  KLCI closes slightly lower but small oil, gas stocks advance
KUALA LUMPUR: The FBM KLCI closed slightly lower on Thursday, tracking the cautious key Asian markets after the weak close on Wall Street but crude oil prices and gold prices rallied due to tensions in the Middle East.
 
 •  CIMB says appointed to advise on sale of 1MDB's power assets
KUALA LUMPUR: CIMB Group Holdings Bhd , Malaysia's second-largest bank by assets, said on Thursday it has been appointed by the country's finance ministry to act as adviser for the potential sale of power firm Edra Global Energy Bhd, owned by indebted state fund 1MDB, to strategic investors.
 
 •  Malakoff says no delays in Tanjung Bin power plant project
KUALA LUMPUR: Malakoff Corporation Bhd will deliver its 1,000MW Tanjung Bin Energy (T4) coal power plant within the scheduled date of March 2016.
 
 •  Oil prices surge after Saudi air strikes in Yemen
SINGAPORE/TOKYO: Brent crude oil shot up nearly 6 percent on Thursday after Saudi Arabia and its Gulf Arab allies began a military operation in Yemen, although importers saw little immediate threat to supplies.
 
 •  Sapura Resources net profit down 13.7% to RM4.41mil
KUALA LUMPUR: Sapura Resources Bhd's net profit for its fourth quarter ended Jan 31, 2015 fell 13.69% to RM4.41mil from RM5.11mil a year ago.
 
Updated: 659 minutes ago
 •  Mahindra two-wheelers bids for Peugeot Citroen's scooters
Automobile major Mahindra & Mahindra's two-wheeler subsidiary Tuesday said that it has made a binding offer to acquire a majority stake in PSA Peugeot Citroen's scooter business.
 
 •  Sensex trades in red; bank stocks down
Opening after an extended weekend holiday, a benchmark index of Indian equities markets Tuesday traded 108 points or 0.
 
 •  India offers $250 bn investment opportunity in infrastructure
India needs $250 billion in next 20 years for basic urban infrastructure and this offers huge investment opportunities to international investors, said country's Urban Development Minister M.
 
 •  SJVNL signs pact for Bhutan hydro project
The public sector Satluj Jal Vidyut Nigam Ltd (SJVNL) has signed an agreement for commissioning of the 600 MW Kholongchu Hydro Electric Project in Bhutan, whose foundation stone was laid by Prime Minister Narendra Modi, the company said Wednesday.
 
 •  Amazon has high expectations from India business: Jeff Bezos
Amazon has very high expectations from its Indian operations, Chief Executive Officer Jeff Bezos said here Wednesday.
 
 •  Sensex trades flat; banking stocks plunge
A benchmark index of Indian equities markets Wednesday was trading flat at 22.
 
 •  Diesel in over-recovery; retail prices exceed global rates
With the rates of the Indian basket of crude oil falling below $95 a barrel, the petroleum ministry Wednesday said losses on diesel sales had been wiped out with the government now looking at a profit of nearly two rupees a litre on the fuel sales.
 
 •  Ford India's sales dip in September
Passenger car manufacturer Ford India experienced a dip in its September sales as compared to the corresponding period of 2013, the company said Wednesday.
 
 •  Microsoft Devices launches new Lumia devices
Microsoft Devices Wednesday launched three new Windows smartphones - Lumia 830, Lumia 730 and Lumia 930, a top company official said here.
 
 •  Maruti Suzuki's September sales up
India's largest passenger car manufacturer Maruti Suzuki Wednesday reported a healthy sales growth of 4.
 
 •  Reliance Communications to reduce debt to under Rs.20,000 crore
Reliance Communications targets to bring its debt to under Rs.
 
 •  Maruti Suzuki recalls 69,555 vehicles
In one of the largest automobile repair and inspection exercises, passenger car major Maruti Suzuki Tuesday said that it has recalled 69,555 diesel Dzire, Swift and Ritz models, stating that it will proactively inspect and repair a wiring harness.
 
 •  Hero MotoCorp's August sales up 30 percent
Two-wheeler manufacturer Hero MotoCorp Tuesday reported sales growth of 30 percent in September by dispatching 600,000 units.
 
 •  Monetary policy will be inflation data-contingent: RBI
Given that inflation is expected to level at around 7 percent by 2016, the Reserve Bank's monetary policy going ahead will be contingent on relevant data coming in, RBI Governor Raghuram Rajan said Tuesday after announcing the central bank's fourth bi-monthly policy review.
 
 •  Eight core industries up 5.8 percent in August
Eight core industries such as coal, electricity, crude oil, cement and steel, grew at 5.
 
Updated: 245686 minutes ago
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