Opening bell | Asian markets open higher; TCS, RIL in focus
In other news, Federal Reserve signalled the US central bank is close to lifting interest rates as the US economy continues to create jobs at a healthy clip and inflation inches up
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US markets close higher; Asia opens on positive note
US equities rose on Thursday, putting the major indices close to all-time highs, as investors parsed through economic data and Federal Reserve chair Janet Yellen’s testimony.
Asia markets opened mostly higher on Friday, following a positive finish among major US indexes.
Fed interest rate hike could come ‘relatively soon’: Janet Yellen
Federal Reserve chair Janet Yellen signalled the US central bank is close to lifting interest rates as the US economy continues to create jobs at a healthy clip and inflation inches up.
TCS calls 13 December shareholder meeting for Mistry removal vote
The spat between Tata Sons Ltd and its ousted chairman has entered a decisive phase as Tata Consultancy Services Ltd (TCS) became the first group company to fix a date for a shareholders’ meeting to remove Cyrus Mistry as director.
Govt softens stand in case against RIL
The oil ministry has decided not to take any coercive action to recover the $1.55 billion it has demanded from Reliance Industries Ltd (RIL) as compensation for producing gas allegedly at the expense of state-owned Oil and Natural Gas Corp. (ONGC) from a shared offshore reservoir, while the dispute remains under arbitration. Read More.
You can withdraw cash up to Rs2,000 through debit cards at select petrol pumps
In a bid to ease the cash shortage arising out of the demonetisation of Rs500 and Rs1,000 notes, the government allowed the withdrawal of cash up to Rs2,000 by swiping debit cards at select petrol pumps.
SBI seeks further easing of S4A norms
State Bank of India (SBI) has written to the Reserve Bank of India (RBI) seeking further relaxation of the scheme for sustainable structuring of stressed assets (S4A). Read More.
FPIs get RBI’s approval to invest in more instruments
The Reserve Bank of India (RBI) has decided to expand the list of eligible debt instruments foreign portfolio investors (FPIs) are allowed to invest in and included unlisted securities such as non-convertible debentures (NCDs) and bonds issued by public or private companies.
IIFL Finance to buy Samasta Microfinance
India Infoline Finance Ltd (IIFL Finance), a non-banking finance company and unit of financial services firm IIFL Holdings Ltd, will venture into the microfinance segment with the acquisition of Bengaluru-based microlender Samasta Microfinance Ltd.
NHPC and RCF are among the companies that will announce September quarter earnings on Friday.