Opening bell: D-Mart to list today; HCL Tech, Sun Pharma, Jindal Steel in news
In other news, the government has announced its decision to merge Bharatiya Mahila Bank with State Bank of India Ltd
US markets closed lower
D-Mart shares to list on bourses today
D-Mart parent Avenue Supermarts, which recently concluded its Rs1,870 crore initial public offering (IPO), will list its shares on the bourses on Tuesday.
CL Educate IPO subscribed 0.37 times on Day 1
The initial share sale of CL Educate Ltd opened on Monday. On the first day of the three-day offer, the IPO was subscribed 0.37 times.
HCL Technologies approves Rs3,500 crore share buyback
The board of HCL Technologies Ltd approved a buyback of up to 3.5 crore shares worth Rs3,500 crore, reports PTI.
Sun Pharma, Mylan face price fixing charges in US
A class-action suit is filed in a Pennsylvania federal court last week against Sun Pharamceutical Industries Ltd in the US for colluding with Mylan for conspiring to raise the price of generic asthma medicine, reports Business Standard.
Lenders agree to restructure some debt of Jindal Steel and Power
Eighteen foreign banks have agreed to restructure loans to the tune of $550 million given to Jindal Steel and Power Ltd, reports Mint. According to the report, the lenders agreed to a moratorium of between three and five years on repayments.
Bharatiya Mahila Bank to be merged with State Bank of India
The government has announced its decision to merge Bharatiya Mahila Bank with State Bank of India Ltd. Read more
UP farm loan waiver can cost banks Rs27,400 crore
If the Bharatiya Janata Party government in Uttar Pradesh goes ahead with its poll promise of waiving loans to small and marginal farmers, banks will have to take a hit of Rs27,419.70 crore, said a research report.
Govt in talks with stakeholders on plan to double farm incomes
In a bid to draw up a plan on ways to double farmer incomes by 2022, the agriculture ministry is holding a series of consultations, seeking suggestions from stakeholders ranging from seed and fertilizer associations to research organizations and farmers.
UK to trigger Brexit on 29 March
UK Prime Minister Theresa May will file divorce papers to leave the European Union on 29 March, launching two years of complex negotiations that will pit the UK’s need for a trade deal against the bloc’s view that Britain shouldn’t benefit from Brexit, reports Bloomberg.