Opening bell: Asian markets open mixed; Bank of India, Britannia, GAIL in focus
US stocks rebound; Asian markets open mixed
The Dow Jones industrial average rebounded more than 300 points Friday, paring deep losses for investors in what still amounted to the worst week in two years.
Asian markets were mixed early on Monday, while oil prices edged up after recording six straight days of declines.
SGX looks to bypass curbs placed by Indian bourses
The Singapore Stock Exchange (SGX) said it will develop new products to provide investors with access to Indian securities after exchanges in the country abruptly decided to end licensing their products and data to overseas bourses.
ONGC Videsh-led consortium picks up 10% stake in UAE’s Zakum oilfield
A consortium of Indian companies led by state-owned Oil and Natural Gas Corp. Ltd (ONGC)’s overseas arm, ONGC Videsh Ltd, has bought a 10% stake in the UAE’s offshore oil and gas field Zakum, as India pursues overseas hydrocarbon assets, while oil-rich nations resort to ways of reducing risk and balancing their budget deficits.
Wipro Consumer Care set to cross $1 billion in revenue by next month
Wipro Consumer Care and Lighting will reach the $1 billion revenue mark by March 2018, as the company’s China bets in particular continue to pay off and key brands in India perform well.
Aditya Birla Capital to launch ARC business this quarter
Aditya Birla Capital Ltd (ABCL), the financial services business of the $50 billion Aditya Birla Group, will begin investing in its asset reconstruction company (ARC) and start business this quarter, reports Mint.
Tata Motors to leverage group strength on future of mobility: MD Guenter Butschek
As the auto industry goes through disruptions brought by new technologies, Tata Motors is banking on group strength, particularly on software major TCS, in its bid to position itself as a mobility solutions provider, according to its MD and CEO Guenter Butschek.
Atria Convergence hires investment banks for IPO
Atria Convergence Technologies Pvt. Ltd (ACT), a broadband services provider controlled by private equity firms TA Associates and True North, has hired investment banks to help it raise Rs1,500-2,000 crore through an initial public offering (IPO).
Bank of India, Britannia Industries Ltd, JK Tyres and Gail India Ltd are among the companies that will be announcing their December quarter earnings on Monday.
- Amul, MakeMyTrip, three others partner with Star India for IPL 11
- Coca-Cola India to launch fruit variants of Sprite, Limca
- CLP India eyes Essel Infraprojects’s power transmission business
- Shell may buy majority stake in solar power firm Fourth Partner Energy
- Mahindra-owned SsangYong slips back into losses in 2017