Opening bell: Asian markets open mixed; Infosys earnings in focus
In other news, India’s retail inflation quickened to a five-month high of 3.85% in March on the back of higher fuel prices
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- Liberty House to buy Amtek Auto’s UK assets
- Narendra Modi to inaugurate fifth global conference on cyber space in New Delhi
- Farmers shift away from arhar, soybean towards cotton
- Sean Spicer resigns as White House press secretary
- Govt launches pension scheme with 8% guaranteed returns for senior citizens
US equities end lower; Asian markets open mixed
US equities closed lower on Wednesday as investors assessed the geopolitical landscape.
Asian equities were mixed in early trade on Thursday, following comments made by U.S. President Donald Trump that the dollar was too strong.
Cabinet panel clears decks for listing of 11 PSUs, including IRCTC
To abide by the mandated 25% public shareholding in companies and unlock their value, the Cabinet Committee on Economic Affairs (CCEA) approved listing of 11 central public sector enterprises (CPSEs) in the equity market.
Infosys results today: Five things to watch out for
After three consecutive downward growth revisions, Infosys’s dollar revenue growth in the year ended 31 March 2017 will be at best 7.6%, 150 basis points (bps) lower than the 9.1% growth in 2015-16, and 620 bps short of its first projected 13.8% growth outlined in April last year. Read more.
Retail inflation in March rises to five-month high on higher fuel prices
India’s retail inflation quickened to a five-month high of 3.85% in March on the back of higher fuel prices, erasing any hope of a rate cut by the central bank in the near future.
IIP contracts 1.2% to a four-month low in February
India’s industrial output slipped to a four-month low, contracting 1.2% in February, mainly on account of decline in the manufacturing sector and lower offtake of capital as well as consumer goods.
Petrol, diesel prices to change daily from 1 May
Petrol and diesel prices in some cities will now see daily change in sync with international rates, reports Mint.
HUL vs Amul: Bombay HC suggests changes in Amul ice-cream ads
In the ongoing hearing on Hindustan Unilever’s (HUL) plea against Gujarat Co-operative Milk Marketing Federation (GCMMF) in the Bombay high court, Justice S.J. Kathawalla suggested changes that could be made to Amul ice-cream ads in an attempt to reach a compromise.
Airtel seeks Trai intervention on Reliance Jio Dhan Dhana Dhan offer
Bharti Airtel Ltd, India’s biggest mobile-phone service provider, has asked the telecom regulator Trai to intervene after rival Reliance Jio started an offer to lure customers that was similar to a previous programme stopped by authorities.
Infosys and Reliance Power will be declaring their March quarter earnings today