-- East India Drums & Barrels Manufacturing (BOM:523874) has secured an order worth 29.9 million Indian rupees from the Central Armed Police Forces-Indo Tibetan Border Police, according to a Wednesday filing to the Indian stock exchanges.
The contract is for the supply of steel drums and barrels to be supplied to Guwahati, India.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:UBS delivered exceptional Q1 2026 results with net profit of USD3.0B (+80% Y/Y) and underlying PBT of USD4.0B (+54% Y/Y), beating consensus estimates. The strong performance reflected broad-based momentum, with underlying revenues advancing 18% and the fourth consecutive quarter of positive operating leverage. UBS achieved a pivotal milestone in the Credit Suisse integration, completing Swiss client account transfers and delivering USD0.8B in additional gross cost savings. Management expressed confidence in substantially completing the integration by year-end 2026 and achieving exit rate targets of an underlying return on CET1 capital of approximately 15% and a cost-to-income ratio below 70%. However, two significant overhangs temper the outlook: proposed Swiss capital framework changes requiring an additional USD22B in CET1 capital represent a material headwind, while elevated geopolitical risks could shift client sentiment given management's guidance for flat net interest income sequentially in Q2 2026.
Chinese shares rebounded on Wednesday as the Politburo hailed the strong start to the year and pushed for technology and energy security.The Shanghai Composite Index, the main gauge of Chinese stocks, rose 0.7% to 4,107.51. The Shenzhen Component Index climbed 2.0% to 15,120.92.At a meeting chaired by Xi Jinping, the Communist Party of China Politburo touted the country's strong economic start to 2026, with key indicators beating expectations, while warning that recovery remains uneven.China's top leadership called for targeted fiscal and monetary support to sustain growth. Officials stressed accelerating technological self-reliance, strengthening secure industrial chains and boosting domestic demand.The meeting also urged enhanced energy and resource security, expansion of major infrastructure, and steady progress toward economic self-sufficiency amid rising external uncertainties.In company news, Focus Media Information Technology (SHE:002027) posted first-quarter attributable net profit of 1.79 billion yuan, up 58% from 1.14 billion yuan the previous year. Shares of the advertising company closed 5% higher Wednesday.
Indonesia plans to remove import duties on some plastic materials and liquefied petroleum gas (LPG) used by the petrochemical industry to ease supply pressures, Reuters reported Tuesday, citing Coordinating Economic Minister Airlangga Hartarto.The measure, set to take effect in May, comes as domestic plastic prices have surged between 50% and 100% due to disruptions in naphtha supply from the Middle East amid the Iran conflict.Under the policy, import duties on key raw materials such as polypropylene, LLDPE and high-density polyethylene will be cut to 0% for six months. The duty on LPG imports for petrochemical use will also be reduced to zero from 5% over the same period, reportedly.Indonesia currently imposes duties of between 5% and 15% on plastic products, and the government will reassess the policy after six months, the news agency said..(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)