Opening bell | Asian markets open higher; RIL, Sun Pharma, Spicejet in news
US markets end mixed; Asia opens higher
US stocks closed mixed on Wednesday as investors digested a number of economic data, including minutes from the US Federal Reserve’s November meeting.
Asia markets opened higher on Friday, amid a lack of direction from the US markets that were shut Thursday for Thanksgiving.
Demonetisation: Exchange of old notes stopped from today
The government has stopped over-the-counter exchange of demonetized Rs500 and Rs1,000 currency notes starting on Friday, but extended the use of only old Rs500 notes for payment of utility bills, school fees and mobile phone recharges up to a limit until 15 December.
Sun Pharma’s Mohali unit violated manufacturing norms, finds US FDA
The US drug regulator has found seven breaches of manufacturing standards at Sun Pharmaceutical Industries Ltd’s formulations plant in Mohali, Punjab, following a recent inspection.
Fire at Reliance Industries’ Jamnagar refinery out; production unaffected
A flash fire broke out at Reliance Industries’ Ltd refinery complex at Moti Khavdi near Jamnagar on Thursday in which some contract workers were injured, the company said in a statement.
Aurobindo Pharma scouts for acquisitions in Europe
Aurobindo Pharma Ltd is scouting for acquisitions in Europe to gain a foothold in the market. Read more.
BNP Paribas completes acquisition of Sharekhan
French bank BNP Paribas SA on Thursday said it has completed the acquisition of brokerage Sharekhan after receiving approvals from all relevant regulatory authorities.
Manjushree Technopack acquires smaller rival Varahi
Manjushree Technopack Ltd, a maker of plastic packaging products, has acquired Delhi-based rival Varahi Ltd for an undisclosed sum to become one of the largest suppliers of rigid plastic packaging products in the country.
Bata India, Hathway Cable & Datacom and SpiceJet will be announcing their September quarter earnings on Friday.