Opening bell: Asian markets open flat; Bharat Financial, Tech Mahindra in news

In other news, Tata Steel said it remains in constructive discussions with Thyssenkrupp AG for a merger of the two companies’ steel businesses in Europe


Photo: Mint
Photo: Mint

Global equities mixed

US markets closed lower. S&P 500 lost 0.33% to 2,375 points as investors weighed the possibility of an interest rate hike by the US Federal Reserve. Tracking the cues, Asian markets opened flat.

Bharat Financial Inclusion warns about bad loans

Bharat Financial Inclusion Ltd informed the investor community that 4.5% of its gross loan portfolio is under risk of slipping into bad loan in the fourth quarter, reports Mint.

Tech Mahindra to buy CJS Solutions Group

Tech Mahindra Ltd has signed an agreement to acquire CJS Solutions Group LLC, a US-based healthcare information technology consulting company. The deal values CJS Solutions at an enterprise value of $110 million.

Tata Steel Europe still in merger talks

Tata Steel Ltd said it remains in “constructive discussions” with Germany’s Thyssenkrupp AG for a potential merger of the two companies’ steel businesses in Europe. Read more

SBI asked to reconsider minimum balance penalty

The government asked State Bank of India Ltd (SBI) to reconsider its decision to levy penalty on non-maintenance of minimum balance, which the bank plans to hike from 1 April, affecting over 31 crore savings bank account holders, reports PTI.

Former Ranbaxy promoters restricted from selling assets

The Delhi high court has ordered former Ranbaxy Laboratories promoters Malvinder Singh and Shivinder Singh not to part with any unencumbered (charge-free) assets without first approaching it to secure funds for Singapore arbitration award in favour of Daiichi Sankyo, reports Business Standard.

US president signs revised travel ban

US president Donald Trump has signed a revised executive order banning citizens from six Muslim-majority nations from travelling to North America but removing Iraq from the list, reports Reuters.

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