India's Motherson Sumi buys Finland's PKC Group for $619 million
Indian auto parts maker Motherson Sumi Systems Ltd (MSSL) said on Monday it had completed the buyout of Finland's PKC Group for 571 million euros ($619.4 million).
The BSE Sensex and Nifty ended slightly higher on Friday, snapping a seven-session losing streak, as auto and financial stocks recovered, but the indexes still posted their biggest weekly fall in five as emerging markets remained under pressure.
The Sensex ended up 0.24 percent at 26,040.70, and posted a weekly fall of 1.69 percent.
The Nifty closed 0.08 percent higher at 7,985.75, but was down 1.89 percent for the week.
Both indexes recorded their biggest weekly fall since the week ended on Nov. 18.
(Reporting by Arnab Paul; Editing by Subhranshu Sahu)
TOKYO Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central bank's 2 percent inflation target, a summary of opinions from their March 15-16 meeting showed on Monday.
BEIJING Profits of Chinese industrial firms surged almost 32 percent in the first two months of 2017 -- the fastest pace in nearly 6 years -- as prices of commodities from coal to iron ore raced higher.