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Business News/ Market / Stock-market-news/  Opening bell: Asian markets open higher; RIL, UltraTech in focus
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Opening bell: Asian markets open higher; RIL, UltraTech in focus

In other news, NSE has decided to delist 9 firms including Deccan Chronicle Holdings Ltd and Koutons Retail India Ltd from its platform from next month

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

US stocks end lower; Asian markets open in green

US stocks closed lower in choppy trade Friday as investors looked ahead to the French election. Wall Street also digested falling oil prices and comments from the Trump administration on tax reform.

Equities in Asia were in the green on early Monday following the widely-expected results of the first round of presidential elections in France, with exit polls indicating that Emmanuel Macron and Marine Le Pen would progress to the run-off on 7 May.

Donald Trump administration accuses TCS, Infosys of H1-B visa misuse

The US has accused top Indian information technology (IT) companies Tata Consultancy Services Ltd (TCS) and Infosys Ltd of unfairly cornering the lion’s share of H-1B visas by putting extra tickets in the lottery system, which the Donald Trump administration wants to replace with a more merit-based immigration policy.

New India Assurance, GIC of India hire investment banks to manage IPO process

New India Assurance Co. Ltd (NIA) and General Insurance Corp. of India Ltd (GIC) have hired investment banks to manage their initial public offerings (IPOs) as the government seeks to pare its stake in the state-run insurers, reports Mint.

Lodha Developers to invest Rs4,300 crore in construction to boost deliveries

Realty major Lodha Developers will invest about Rs4,300 crore this fiscal on construction to boost deliveries of housing units and also plans to launch 8-9 new projects in Mumbai, Pune and London.

Sovereign gold bonds priced at Rs2,901 per gm, issue opens on Monday

The issue price for sovereign gold bonds, which open for subscription on Monday, has been fixed at Rs2,901 per gram of gold, the Reserve Bank of India said on Friday.

NSE to delist Deccan Chronicle, Koutons Retail, 17 others

Leading bourse NSE has decided to delist as many as 19 firms including Deccan Chronicle Holdings Ltd and Koutons Retail India Ltd from its platform from next month. This is in addition to 70 companies that were delisted by NSE in August and March.

RIL may post higher March quarter profit

Reliance Industries Ltd (RIL) is likely to report a higher fourth quarter profit on Monday, as it likely benefited from higher margins in its petrochemical and refining businesses.

Earnings corner

Hexaware Technologies, Persistent Systems Ltd, Reliance Industries Ltd and UltraTech Cement Ltd are among the companies that will be announcing their March quarter earnings on Monday.

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Published: 24 Apr 2017, 07:57 AM IST
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