|Day's Range||1,692.00 - 1,775.00|
|52 Week Range||1,295.10 - 1,799.00|
|PE Ratio (TTM)||26.92|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed for U.S. bankruptcy as it ran short of cash due to a lingering downturn in the oil-and-gas industry. The affiliate, Emas Chiyoda Subsea Ltd, said in court papers filed in Houston that the company was suffering from weak demand for its subsea contracting work and tightening credit conditions. Ezra has said it may have to take a $170 million writedown on the value of its investment in Emas Chiyoda.
Larsen & Toubro Ltd. jumped the most in six months as India’s biggest engineering company maintained it’s growth forecast even after eliminating a tenth of its workforce.
E-commerce in India has been booming and online giants like Amazon are spending big bucks on the world's fastest growing major economy. Private equity investors like Blackstone and Rothschild-backed Xander Group are looking for malls in India, betting that people will flock to stores as more foreign brands open and online retailers ease their aggressive discounting.