The latest National Development Bank (NDB) financial report reveals that the bank’s profits have risen by 135 percent to Rupees 1.19 billion during the March quarter. While the bank’s per share earnings has recorded Rs. 29.66, the net interest earnings has increased by 16 percent to Rs. 1.86 billion. It has also revealed that within this…
Colombo equities wrapped its weekly operations in green territory where benchmark index expanded by 30.23 index points or 0.48% to end at 6,315.19. 20-scrip S&P SL index marginally grew by 0.18 index points to or 0.01% to end at 3,479.17. Price appreciations in Ceylon Tobacco Company (closed at LKR 1,089.50, +1.7%), Nestle Lanka (1,989.00, +2.1%)…
While the Narendra Singh Modi led Bharathiya Janatha Party (BJP) is on a massive winning spree at the Indian general elections, the Indian Rupee is appreciating as against the US dollar, state the Indian media. The reason has been attributed to the increase in investments in the Indian stock and exchange markets due to the…
The Indian rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results. Hopes that the Bharatiya Janata Party and its allies will win an outright majority have helped…
Samsung says it will compensate chip factory workers who developed cancer while working for the firm. The company issued its first apology in a long-running dispute and withdrew from a legal bid to avoid paying out. It brings the conflict one step closer to resolution only a month after talks appeared to have stalled. But…
Toyota said on Monday that it would allow a battery-supply deal with Tesla Motors to expire this year and would focus instead on building cars running on hydrogen fuel cells, a next-generation technology that rivals Tesla’s all-electric systems. Toyota Motor invested $50 million in Tesla to acquire a 3 percent stake in the Silicon Valley…
Colombo bourse shattered the four day winning splash on Tuseday, posting negative returns on both indices. Benchmark All share price index lost 18.20 points (-0.29%) to end at 6,284.96 while S&P SL 20 index marginally declined by 1.92 points (-0.06%) to end at 3,478.99. Price depreciation in counters such as Ceylon Tobacco (closed at LKR…
Indian stock markets have risen to a record high after exit polls suggested the Narendra Modi-led Bharatiya Janata Party (BJP) and its allies are on course to win the general election. India’s main stock index, the Sensex, rose 1.7% to 23,941.32 points in early trade on Tuesday. This follows a 2.4% gain on Monday ahead…
The Mari Petroleum Company, a joint venture of Pakistan government and the Fauji Foundation, announced on Monday a ‘significant’ gas and condensate discovery with estimated reserves of about 20 billion cubic feet (BCF) in Sujawal district of Sindh. “We have been blessed with a significant gas and condensate discovery in Sujawal Block’s Sujjal-1 well,” said…
The board of directors of Sierra Cables Plc has informed the Colombo Stock Exchange that a discrepancy of Rupees 172 million has been noted in its accounts further investigations are being made. Hence, the Sierra Cables board of directors has requested the Colombo Stock Exchange to temporarily suspend its share trading. The board has also…
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