Opening bell | Asian markets open lower; Cipla, Oil India in news

In other news, consumer durables manufacturers and retailers are continuing with their Diwali promotions and launching new cashback and finance schemes


Photo: Hemant Mishra/Mint
Photo: Hemant Mishra/Mint

Asian stocks fall on crude oil prices

Asian markets opened lower. Stocks fell as falling oil prices weighed on energy shares. Over the weekend, US stocks closed in green. S&P 500 gained 0.39% to 2,213 points.

Demonetisation crushes earnings revival hopes

Corporate earnings that were poised for a consumption-fuelled take-off on the back of a good monsoon and sharp wage hikes have been brought back to ground by the sudden withdrawal of high-value currency notes, reports Mint.

Consumer durables firms extend Diwali offers

Consumer durables manufacturers and retailers are continuing with their Diwali promotions and launching new cashback and finance schemes to tempt consumers to go cashless and restart spending that crashed when the government withdrew high-value currency, reports Mint.

Rs8,600 crore worth highway projects stalled

About Rs8,600 crore worth of national highway projects are stalled after partial progress, reports Business Standard. According to the report, the government is struggling to break the gridlock and get these restarted.

Cipla in talks to sell animal health unit

Cipla Ltd is in discussions to sell Cipla Vet, its animal health division, reports Mint. According to the report, the company hired global investment bank Rothschild to find potential buyers.

Cox & Kings, Oil India results today

Cox & Kings Ltd, Oil India Ltd, Mahanagar Gas Ltd and Sadbhav Engineering Ltd are some of the companies that will release their earnings for the September quarter on Monday.

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