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Business News/ Market / Stock-market-news/  Opening Bell | Asian markets open mixed; L&T Technology Services in news
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Opening Bell | Asian markets open mixed; L&T Technology Services in news

In other news, NSE submits concerns to Sebi about listing on BSE

A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/ MintPremium
A file photo of the BSE building in Mumbai. Photo: Hemant Mishra/ Mint

US market ends higher; Asian stocks open mixed

The US stocks closed higher on Thursday, with the Nasdaq having another record-setting session, as investors digested several economic data releases, while processing the US Federal Reserve’s latest monetary policy decision.

The Dow Jones industrial average gained 0.54% to close at 18,392.46 points. The Nasdaq advanced 0.84% to close at 5,339.52 points.

Markets in Asia opened mixed on Friday, with Japanese shares coming under pressure amid renewed strength in the yen after the Fed’s monetary policy decision Wednesday pushed the dollar lower against major currencies. The Nikkei 225 was down 0.4%.

Vodafone responds to Reliance Jio with $7 billion push

Vodafone India Ltd has received an equity infusion of Rs47,700 crore ($7 billion) from its parent Vodafone Group Plc. that will help it buy more spectrum, expand infrastructure, reduce debt, capitalize a proposed payments bank and improve service quality.

GST council meet: Centre, states agree on timetable for 1 April roll-out

The goods and services tax (GST) will be rolled out on 1 April, members at the first meeting of the GST council decided by consensus on Thursday. They also charted the steps to be taken over the next few months to meet the deadline. Read more

RBI’s Monetary Policy Committee gets three outside experts as members

The government has named three outside experts as members of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), moving to a model followed in the developed world. The six-member MPC—the other three members are from the RBI—will conduct its first monetary policy review on 4 October, Urjit Patel’s first as RBI governor.

NSE submits concerns to Sebi about listing on BSE

Even as it prepares to list on its rival BSE, the National Stock Exchange of India Ltd (NSE) has recommended three options to capital market regulator Securities and Exchange Board of India (Sebi) to safeguard its interests, reports Mint.

Wipro Consumer arm to buy China FMCG firm

Wipro Consumer Care and Lighting’s Singapore arm has agreed to buy Zhongshan Ma Er Daily Products Ltd, a Chinese fast-moving consumer goods (FMCG) company, for an undisclosed amount in an all-cash transaction. Read more.

L&T Technology Services to make stock market debut today

L&T Technology Services, an arm of engineering giant Larsen and Toubro Ltd (L&T), will make its stock market debut on Friday after successfully completing its initial public offering recently. The Rs900 crore IPO of L&T Technology Services was oversubscribed 2.53 times during 12-15 September.

Aurobindo gets tentative USFDA nod for HIV drug

Aurobindo Pharma has received tentative approval from the US Food and Drug Administration (USFDA) to manufacture and market Dolutegravir, used for the treatment of HIV, in the US market. Read more

Edelweiss Group to acquire Ambit Alpha Fund

Edelweiss Financial Services Ltd has agreed to acquire Ambit Investment Advisors’ flagship hedge fund Ambit Alpha Fund with an assets under management of over Rs.1,100 crore, as per a statement. The deal size was not disclosed. Read more

PE investment in retail realty jumps 13-fold in H1

Private equity (PE) investment in retail real estate jumped over 13-fold to Rs3,350 crore in the first six months of this year on the back of some big-ticket deals, according to a global property consultant.

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Published: 23 Sep 2016, 08:00 AM IST
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