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Business News
 •  Japan investment in South-East Asia surges amid China slump
TOKYO: Japanese companies' investments in South-East Asia surged last year to almost three times the amount invested in China, after relations between Beijing and Tokyo soured in 2012 and Chinese labour costs rose, a government agency of Japan said on Friday.
 •  KLCI ends Friday firmer, SapuraKencana lifts
KUALA LUMPUR: The FBM KLCI ended Friday slightly higher, underpinned by mild buying of SapuraKencana and lower-liners, in tandem with the firmer Asian markets.
 •  Japan's Lawson, Isetan bid for high-end supermarket chain
TOKYO: Japanese retailers Lawson Inc and Isetan Mitsukoshi Holdings Ltd are among first-round bidders for Seijo Ishii Co, an operator of high-end supermarkets, in a deal that could be worth up to US$490mil, sources familiar with the matter said.
 •  UEM Sunrise eyes 70% take-up rate for Residensi
KUALA LUMPUR: UEM Sunrise Bhd eyes a 70% take-up rate for its newly-launched Block B of Residensi 22 Mont'Kiara condominium by year-end.
 •  Datasonic bags RM292.2mil contract to supply MyKad
KUALA LUMPUR: Datasonic Group Bhd has bagged a RM292.2mil contract from the Ministry of Home Affairs for the supply of MyKad, the group told Bursa Malaysia on Friday.
 •  KLIA2 is now certified fit for use
PETALING JAYA: KLIA2 has finally been given the long awaited Certificate of Completion and Compliance (CCC) on Friday.
 •  KLCI firmer at noon in quiet trade
KUALA LUMPUR: Some mild buying of select blue chips helped the FBM KLCI end Friday’s morning session firmer, in line with the stronger regional markets, amid the easing tension in Ukraine.
 •  IMF adds pressure on S. Korea to let won rise
SEOUL: South Korea came under fresh pressure on Friday to let the won rise faster, when the International Monetary Fund said it was carrying an abnormally big current account surplus and that more dollar purchases would do more harm than good.
 •  Chinese dream trumps environment as cars sales boom
SHANGHAI: When accountant Ariel Wang bought a new car a few weeks ago, environmental protection was far from her mind even though smog has reached crisis levels in China's commercial hub Shanghai.
 •  Asian shares mostly up in quiet trade
HONG KONG: Asian markets mostly rose while the dollar edged up in holiday-narrowed trade on Friday following a mixed lead from Wall Street and news of a deal between Russia and the West to ease Ukraine tensions.
Updated: 798 minutes ago
 •  Wipro net up 41 percent in Q4
India's third largest software exporter Wipro Ltd has reported net profit of Rs.
 •  Piramal buys 20 percent stake in Shriram Capital
Ajay Piramal-led Piramal Enterprises Thursday said it has agreed to buy 20 percent equity stake in Shriram Capital, the financial services arm of the Chennai-based Shriram Group, for Rs 2,014 crore.
 •  HCL Technologies' Q3 net up
IT services exporter HCL Technologies posted 59 percent increase in net profit in the quarter ended March 31, a company statement said here Thursday.
 •  Rupee falls to 60.50 against dollar on oil demands
The Indian rupee fell to 60.
 •  Rupee falls to 60.37 against dollar
The Indian rupee weakened to 60.
 •  Diesel under-recovery falls to Rs.5.49/litre
The under-recovery, or revenue loss, on diesel for the second fortnight effective April 16 has been pegged lower at Rs.
 •  TCS net up 52 percent in fourth quarter
Tata Consulting Services (TCS) posted net profit of Rs.
 •  Sensex trades flat during pre-noon session
A benchmark index of Indian equities markets was trading flat at 18.
 •  Cash-rich Infosys gifts higher dividend to investors
With a whopping Rs.
 •  Petrol prices cut by 70 paise a litre
State-run Indian Oil Corp (IOC) Tuesday announced a cut in petrol prices by 70 paise a litre, effective from midnight.
 •  CII slams Gujarat, Karnataka curbing open access in power
The Confederation of Indian Industry (CII) Tuesday voiced deep concern over the Gujarat and Karnataka governments' decision to disallow sale of electricity through the Open Access system.
 •  Young techies leaving Infosys in droves
It is not only senior executives who have left or are leaving India’s iconic software firm Infosys, but also its young techies in droves.
 •  Mercedes-Benz launches SUV GL 63 AMG
German luxury automobile manufacturer Mercedes-Benz India Tuesday launched its luxury sports utility vehicle (SUV) GL 63 AMG in India priced at Rs.
 •  Retail inflation rises to 8.31 percent in March
India's retail inflation rose to 8.
 •  Shilpa Shetty's IOSIS Wellness opens in Ghaziabad
Actress-producer Shilpa Shetty along with business partner and cosmetologist Kiran Bawa has launched IOSIS Wellness here.
Updated: 2031 minutes ago
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