As the Chinese-ruled territory spiralled into yet another round of violence, a protester was shot by the Hong Kong police on November 11, news agency Reuters reported. Hospital officials told BBC that the victim has undergone surgery and remains in a critical condition.According to news reports, he is the third person to be shot by the police ever since the pro-democracy unrest took root in Hong Kong about 24 weeks ago.Police fired live rounds at protesters in the eastern district of Sai Wan Ho, admitting that one protester was wounded.Close Video footage doing the rounds on social media showed a young man lying in a pool of blood with his eyes wide open. Police also used pepper-spray to subdue a woman as plastic crates were thrown at them by protesters. related news Oil majors partner in new exchange listing ADNOC's Murban crude: International Exchange UK economy avoids recession with 0.3% quarterly growth China's Jingye Group in talks to buy British Steel Services on some … [Read more...] about Hong Kong police shoot protester in fresh round of rare work-hour violence
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Hong Kong jeweller Aaron Shum has stolen all the limelight at the second China International Import Expo that kicked off in Shanghai on November 4. Shum is exhibiting three very special precious objects – a gold toilet worth millions, a guitar wrapped in diamonds, and a pair of heels covered in pink diamonds.While it is hard to take your eyes off any of the luxe exhibits, what took the Internet by a storm was the luxurious toilet made of solid gold and 40,815 pieces of diamond, totalling 334.68 carats. The diamonds are set on the bullet-proof glass lid of the toilet.A toilet studded with 40,815 diamonds worth over $1,200,000 is exhibited at the 2nd #CIIE in Shanghai. A guitar made of a 400-carat diamond and 18K white gold is also on display, with an estimated value of about $2 million. pic.twitter.com/uPYt6tSHMs— People's Daily, China (@PDChina) November 5, 2019Close According to a Daily Mail report, the maker of the toilet hopes it would be featured in the Guinness Book of … [Read more...] about A toilet worth Rs 9 crore: Hong Kong jeweller uses 40,000 diamonds, solid gold to build toilet
Shares of Amber Enterprises India gained 2.8 percent intraday on November 11 after reporting a strong set of earnings in the September quarter.The stock has rallied more than 40 percent in the last nine months. It was quoting at Rs 987, up Rs 13.60, or 1.40 percent, on the BSE at 1042 hours IST.Amber, the prominent solution provider for air conditioner OEM/ODM, continued its strong performance, beating revenue estimate by 10 percent. The Room Air Conditioner (RAC) volumes grew at an impressive 127 percent YoY, as continued demand for RACs even in a lean season and new customers supported the growth.Close The skew in product mix toward Indoor Units (IDUs) led to lower gross margins, which in turn restricted EBITDA growth. The operating performance of subsidiaries was encouraging, with better performance on the margin front. related news Bull run intact? Experts say Moody's India downgrade may only have short-term implications Eicher Motors Q2 FY20: Weak numbers, … [Read more...] about Amber Enterprises reports strong Q2 earnings; should investors buy, sell or hold?
Lupin, India's third-largest drugmaker on November 11 said it has entered into a definitive agreement for the sale of its entire stake in its Japanesesubsidiary Kyowa Pharmaceutical Industry Co to Japan-based private equity firm Unison for an enterprise value of Rs 3,702.4 crore.Lupin will get net proceeds of $300 million from the sale, which will be used to pare debt and invest in core markets of the US and India.Under the terms of the agreement, Lupin’s subsidiary Nanomi B.V. will divest its entire stake (99.82 percent) in Kyowa to Unison’s entity Plutus for an enterprise value of JPY 57,361 million, subject to closing adjustments.Close The deal is expected to be closed by the end of this financial year. related news 3 Point Analysis | Should investors look at Raymond post restructuring Investors flock to mutual funds in October despite volatility, slowdown jitters The divested business recorded revenues of Rs 1,786.4 crore in FY19, constituting 10.7 … [Read more...] about Lupin sells Japanese business Kyowa for enterprise value of Rs 3,702.4 crore
The rupee on Monday tumbled by 19 paise to a near one-month low of 71.47 against the US dollar as fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.Investors also played their bets cautiously in view of India's rating outlook cut by Moody's investors Services last week.Opening marginally lower, the Indian currency dropped to a low of 71.54 to the US dollar before settling at 71.47, showing a fall of 19 paise.Close This is the lowest closing level for the domestic unit since October 15. related news Adidas shifts German, US smart factories to Asia China's Jingye Group in talks to buy British Steel Forex traders said that rupee loss was somewhat checked by lower crude prices and a weaker dollar against major currencies overseas.The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.14 per cent to 98.21.Global crude oil benchmark Brent Futures fell 1.22 per cent to trade at USD 61.75 … [Read more...] about Indian rupee skids 19 paise amid renewed global trade tiff concerns