Trade in Asia-Pacific to bounce back in 2020
The key Indian equity indices traded in the negative territory on Wednesday morning a largely volatile trade. Around 10.26 a.m., Sensex was trading at 50,083.31, lower by 110.02 points or 0.22 per cent from its previous close of 50,193.33.
It opened at 50,088.81 and has so far touched an intra-day high of 50,279.01 and a low of 50,015.57.
The Nifty50 on the National Stock Exchange was trading at 15,087.20, lower by 20.90 points or 0.14 per cent from its previous close. Heavy selling was witnessed in auto and banking stocks, however, gains in auto healthcare and power stocks restricted the losses.
Tech Mahindra, Sun Pharmaceutical Industries and UltraTech Cement were the top gainers on the Sensex, while the major losers were Mahindra & Mahindra, Bajaj Finserv and ONGC.
By siliconindia | Wednesday, 19 May 2021, 07:04 Hrs The Scottish National Party (SNP), which will continue in government after emerging as the single largest party in elections this month, aspires to ramp up trade and investment ties with India. “India is an increasingly important market for Scotland and is identified as one of the top 20 countries for export growth,” stated Robert Taylor, a senior spokesman for the Scottish government in Edinburgh. However, the relinquished government plans to increase the total value of exports from 20 percent to 25 percent of Scotland’s gross domestic product (GDP). “Potential areas of export growth with India include engineering and advance manufacturing, food and drink, technology, energy, finance and business services, and chemical sciences,” adds Taylor.
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Laybuy raises A$35 million for UK market push 5 hours ago
3 New Zealand-based buy now, pay later outfit Laybuy has successfully undertaken a capital raise for A$35m to further its push into the UK market. The capital raise comes in the form of a private placement and will be used to invest further in technology, marketing and people.
Laybuy MD Gary Rohloff says: “The opportunity in the UK market should not be underestimated. The UK has a retail market approximately 2.2 times larger than the Australian market in terms of overall spending. It is also a market where a higher proportion of retail spending is online, and where BNPL is still in early stages of adoption.
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