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Business News/ Market / Stock-market-news/  Opening Bell 23 February | All eyes on budget session
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Opening Bell 23 February | All eyes on budget session

Asian stocks rose after Greece reached a provisional deal on its bailout programme

A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/MintPremium
A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/Mint

Mumbai: Asian markets are trading higher. Over the weekend, US markets closed at record highs. S&P 500 gained 0.6% to 2,110. Stocks rose after Greece reached a provisional deal on its bailout programme.

Ahead of the budget session, Prime Minister Narendra Modi stepped in to try and build consensus around six ordinances, including the controversial land acquisition and insurance bills. Read the Mint report.

To gain access to new technologies, Infosys Ltd plans to acquire more startups, reports The Economic Times.

Jaguar Land Rover North America, a unit of Tata Motors Ltd, will recall more than 61,000 vehicles after finding that some passenger-side airbags may not open on impact due to faulty software, reports Bloomberg.

DLF Ltd plans to divest around 50% stake each in four new housing projects to private equity firms for more than 3,000 crore, reports PTI. The company plans to utilize the funds to improve its cash-flows, the report says.

Britannia Industries Ltd plans to significantly increase international sales by improving manufacturing capacity in the Middle East, boosting exports and making acquisitions or entering joint ventures, reports Mint.

Volvo is in talks with Mahindra and Mahindra Ltd, Hindustan Motors Ltd and General Motors Co. to explore the feasibility of utilizing the facilities of one of these auto manufacturers to locally assemble its vehicles in India, reports PTI.

The Indian Banks Association has decided to hold further talks with leaders of public sector bank unions who have given a call for four-day nation-wide strike from 25 February. The unions have threatened the strike to press wage-hike demand.

With enough liquidity in hand due to slow credit growth, Bank of India Ltd is likely to defer its plans to raise $750 million in foreign currency loan under its medium-term notes programme during this fiscal, reports PTI.

Neyveli Lignite Corp. Ltd signed an amended power purchase agreement with APTransco for supply of an additional 117 megawatt of power to the state power utilities from March this year, reports Business Standard.

Lastly, here is the Bloomberg analysis on who stands the best chance of winning an Oscar award. The analysis is based on the previous winners.

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Published: 23 Feb 2015, 07:55 AM IST
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