BackOpening Bell | Global equities extend gains
Stable commodity prices and belief that central banks policies will remain accommodative is driving stocks higher
Premium
Asian markets opened higher. Stable commodity prices and belief that central banks policies will remain accommodative is driving the stocks higher. The US markets closed higher. S&P 500 is up 1.8% to 1,987.
IT industry to touch $350 billion in revenue
The Indian information technology (IT) and services industry is set to more than double its revenue to touch $350 billion by 2025, riding on the global digital disruption, according to a new projection released by software lobby Nasscom, reports Mint.
L&T, HCC among lowest bidders for Mumbai Metro works
Seven consortiums have emerged as L1 bidders to develop Mumbai Metro Rail Corporation corridor, reports Business Standard. According to the report, a consortium of L&T Ltd emerged as the lowest bidder for two sections of the metro line. Bidders for the other sections include consortiums led by HCC
Sun Pharma settles patent litigation with Actavis
A unit of Sun Pharmaceutical Industries Ltd and its partners have settled a patent litigation with Actavis. As part of the settlement, Actavis may sell generic version of Absorica in the US on 27 December 2020 or earlier, around nine months prior to the expiration of the patents. Ranbaxy had in-licensed Absorica and Actavis challenged the patent.
Promoters struggle to sell Religare stake
Promoters of Religare Enterprise Ltd haven’t been able to sell their stake in the financial services group because most potential buyers are interested in parts of the business, but reluctant to buy all of it, reports Mint.
Tata Steel to review iron ore project in Canada
Tata Steel Ltd will review its agreement with the New Millennium Iron Corp. (NML) on developing iron ore sites in Canada, reports PTI. Tata Steel, through one of its subsidiaries, owns 26% stake in NML.
Gujarat NRE Coke to sell its windmills
The board of Gujarat NRE Coke Ltd has approved a plan to sell its 62 windmills in Gujarat for about ₹ 218.75 crore. The mills have a power production capacity of 87.5 megawatts.
RBI puts restrictions on Indian Overseas Bank
The Reserve Bank of India (RBI) has put restrictions on Indian Overseas Bank Ltd, reports Business Standard. According to the report, the branch expansion and recruitment will be restricted.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!
