Opening bell: Asian markets open mixed; Essar Steel, Axis Bank in news
US stocks end higher; Asian markets open mixed
US stocks closed mostly higher on Wednesday as tech snapped a three-day losing streak.
Asian markets traded sideways early on Thursday despite the mostly stronger close on Wall Street, as oil prices tumbled in US trade.
Essar Steel’s legal challenge may prolong bad loans fight
Essar Steel Ltd’s move to challenge the Reserve Bank of India (RBI) directive to banks to initiate bankruptcy proceedings against the company could slow down the resolution process, legal experts say.
SC declines relief to Sahara’s Subrata Roy, refuses to extend deadline for payment of Rs552 cr
The Supreme Court refused to extend the 15 July deadline for payment of a second instalment of Rs552 crore by the Sahara Group to a Securities and Exchange Board of India (Sebi)-Sahara account.
Axis Bank launches loans for super bikes, to fund 95% of costs
As the higher engine displacement ‘super bikes’ catch fancy of the Indian consumer, Axis Bank introduced a special loan product, offering to fund up to 95% of the costs.
Mahindra Finance to raise Rs2,000 crore via non convertible debentures
Mahindra and Mahindra Financial Services Ltd (Mahindra Finance) plans to raise Rs 2,000 crore through issuance of debt securities to fund future lending and settle current liabilities.
Lupin shares rise nearly 4% on drug launch
Shares of Lupin rose by nearly 4% after the company announced the launch of generic version of a conjunctivitis drug in the US market.
Tata Motors cuts passenger vehicle prices by up to Rs2.17 lakh after GST rollout
Automaker Tata Motors announced a reduction in price of its passenger vehicles by up to Rs2.17 lakh, making available the goods and services tax (GST) benefit to its customers.
- Telecom: Firms continue to bear Reliance Jio’s scars
- India seen returning to close to 8% growth by fiscal 2020: Sameer Goel of Deutsche Bank
- Retail: Some carts are more loaded than the others
- Sunteck Realty to invest Rs1,500 crore in commercial leasing portfolio
- Real estate: GST, RERA compliance issues continue