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Sharp tumbles after net loss hits US$2.8bn

  Tokyo / Bloomberg Sharp Corp. fell the most in almost two months on concerns that the Japanese company’s loss for the last fiscal year will be far wider than forecast. The company may report a net loss of 300 billion yen ($2.8 billion), according to a person familiar with the matter, almost double the 161 billion yen that analysts ...

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Delhi regulator orders NTPC to hold off on cutting power supply

  New Delhi / Bloomberg New Delhi’s electricity regulator directed state-run utility NTPC Ltd. to refrain from cutting supplies to two city power retailers over unpaid dues after the generator threatened to halt sales to India’s capital. In a meeting, the Delhi Electricity Regulatory Commission asked NTPC and the two distributors — BSES Rajdhani Power Ltd. and BSES Yamuna Power ...

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Indian gold imports fall Rs60 billion

  New Delhi / Bloomberg Indian gold imports slumped for the third straight month in April as a rally in prices sapped demand, according to a person familiar with provisional Finance Ministry data. Overseas purchases fell 74 percent to about 22.3 metric tons valued at 60 billion rupees ($901 million), compared with 84.3 tons or 193 billion rupees a year ...

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