Mumbai: It’s free-day. Perhaps. Geo-political tensions, it seems, are subsiding with NATO taking control over parts of Libya. Will democracy come to the Middle-East? Even as you ponder that, here’s a list of things to watch out for before trading starts.
Overnight, US stocks gained on better than expected corporate results. Earnings of Micron Technology, the biggest producer of computer memory chips in US, and Linux software maker Red-Hat came in better than analyst expectations. The S&P 500 rose 0.9%.
Falling jobless claims in the US helped sentiment. Jobless claims for the week ended March 19 fell by 5,000 boosting hopes that the economy is on its path to recovery. Read more...
Asian markets opened with gains on Friday. The Nikkei surged 1.2% to 9,552 in morning deals. Both Hong Kong and South Korean markets are trading with gains.
Meanwhile, recovery hopes lifted prices of the crude oil. Brent crude oil gained $0.10 to $115.82 a barrel in morning deals.
More on the Jyothy-Henkel love story. Jyothy Laboratories might bring in private equity investors to mitigate the risks associated with buying Henkel India.
Pipavav Shipyard wants to build ships for the Indian Navy, after it got the required clearances from the foreign investment promotion board.
Food inflation has again inched up to a double digit rate. However, the Reserve Bank is more worried about oil price inflation being a risk too growth, a stern Subir Gokarn says here.
Financial Technologies is planning to take MCX public. Again. The company which has a 31% stake wants to reduce its holding to 26%.
The CAG is back. And this time it found that ONCG Videsh, a wholly owned subsidiary of ONGC, has incurred a loss of Rs 1,182 crore from its joint venture operations in Russia.
Power Grid Corporation of India is planning to submit a revised offer for a consultancy project in Nigeria. Power Grid emerged as one of the three shortlisted bidders to manage Nigeria’s electricity grid. The grid is to be constructed at a cost of $3.5 billion.
The proposed micro finance bill will give the Reserve Bank of India more teeth to regulate MFI lenders. The bill is expected to over-ride the laws enacted by the state government such as the recent one by Andhra Pradesh.
Sara Lee Corporation has terminated its agreement with Godrej Household Products to sell Kiwi shoe care and Kiwi Kleen brands in India and Sri Lanka. Sara Lee is reportedly paying Rs 177 crore for terminating the contract. The transaction is expected to reflect in Godrej’s books as a one-time profit in the first quarter of 2011-12. Read more...
And finally, what’s your biggest regret? A research conducted on American youth found that most regret missing a romantic opportunity.