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TRANSPORT SHARE SLUMP
China learns to live on less fuel, to the relief of oil marketsChina's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles ...- Hotel giants bet India’s local travel boom can defy slowdownMajor hotel groups are investing heavily in India. They expect a surge in domestic travel to drive growth. This expansion continues despite...
- Gulf war batters India's glass heartland, testing New Delhi's manufacturing driveFirozabad, India's Glass City, faces a crisis. War in the Middle East disrupts gas supply, halting glass furnaces and leaving thousands job...
- Tejas Networks shares jump 9% on 4G network expansion project, rally 41% in one monthTejas Networks shares rose sharply on Monday after winning a 4G RAN supply order from a South Asian mobile operator. The deal boosts its gl...
- Global Markets | Japan's Nikkei tracks Wall Street decline, SoftBank Group tanks nearly 9%On Friday, Japan's Nikkei index took a hit, largely swayed by the slipping fortunes of Wall Street. The noteworthy drop in SoftBank Group c...
- Ola Electric shares slide over 3% after Maharashtra orders closure of unlicensed showroomsShares of Ola Electric fell 3.5% after a report revealed that the Maharashtra Transport Department had ordered the closure of its showrooms...
- Wall Street Week Ahead: Dow Transports index slump poses trouble spot as investors seek stocks stabilityThe Dow Jones Transportation Average's significant decline from its peak raises concerns about economic slowdown among investors. Continued...
- Tesla shares drop on plant shutdown due to Red Sea attacksThe company reduced starting prices of the Model 3 sedan by 5.9% to 245,900 yuan ($34,300) and marked down the Model Y sport utility vehicl...
- Topix scales over 5-month high as tech rally offsets transport share slumpThe Topix rose 0.14% to 1,983.57, its highest closing level since March 29. The index rallied for a fourth straight session. The Nikkei sha...
- China stocks end lower as materials, transport firms weighThe blue-chip CSI300 index fell 1.7 per cent, to 4,947.75, while the Shanghai Composite index shed 1.1 per cent to 3,412.95.
- Nikkei gains on hopes of economic rebound; Mothers start-up index divesThe benchmark Nikkei average edged up 0.1% to 22,145.96, partially clawing back from the previous session's losses of 0.8%, with cyclical s...
- World trade to decline 13-32% in 2020, says WTOWTO said merchandise trade was expected to decline 13-32% in 2020 due to the Covid-19 pandemic.
- Share market update: Nifty Financial Services index dips; Shriram Transport slumps 5%The Nifty Financial Services index was trading 0.78 per cent down at 12,796.30 around 12:24 pm.
- China, Hong Kong stocks fall as Beijing releases mixed September trade dataChina's blue-chip CSI300 index fell 0.4 percent, to 3,434.62 points by lunch time, while the Shanghai Composite Index lost 0.3 percent, to ...
- Alstom India's proposed joint venture bags Rs 1,497-crore contract from DFCCILThe contract is for Bhaupur (Kanpur) and includes design, construction, supply, testing and commissioning of electrification, signalling, a...
- Shriram Transport Finance shares tank 15% as Q4 net plungesAfter plunging 15.97 per cent to Rs 818 in intra-day trade, shares of Shriram Transport finally ended at Rs 828.20, down 14.93 per cent on ...
- Four Soft sells IT biz to UK firm for Rs 275 croreFore Soft today said it has sold its core business and some investments to UK-based company Transport IT Solutions for USD 43.4 million (ab...
- Four Soft sells core biz to UK firm for $43.5 mnIn a statement, the company said the transaction, taking place on slump sale basis, had valued the business at $22.5 million and the shares...
- Logistics majors beef up fleet to keep pace with car salesLogistics majors are increasing their fleet size to meet the growing demand for transportation of cars, which have witnessed increased sale...
- Airbus maker EADS returns to profit in 2008European aerospace group EADS, maker of Airbus planes, returned to profit last year and said Tuesday it was set to deal with the crisis fac...
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