BackOpening bell | Asian markets open higher; Piramal Enterprises, Biocon in news
L&T Finance Holdings is considering selling a stake in its mutual fund business, according to a report
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Asia tracks US market gains
US markets closed with gains. S&P 500 gained almost 1% to 2,066 points on buying in shares of energy and technology companies. Tracking the gains, Asian markets opened in green.
Exit polls show BJP win in Assam
Exit polls forecast another debacle for the Congress, a rebound for the Left and placed the Bharatiya Janata Party (BJP) on the threshold of history in Assam, at the conclusion of assembly elections in four states and the Union Territory of Puducherry, reports Mint.
Petrol, diesel prices rise
Petrol price was hiked by 83 paise a litre and diesel rate by ₹ 1.26 per litre, the second increase in rates this month, reports PTI.
Ajay Piramal hints at Piramal Enterprises revamp
Ajay Piramal, chairman of Piramal Enterprises Ltd, hinted at an impending restructuring of its businesses, reports Mint. According to The Economic Times, the company plans to demerge its healthcare and financial services businesses.
L&T Finance may sell stake in mutual fund business
L&T Finance Holdings Ltd is considering selling a stake in its mutual fund business, reports Business Standard. According to the report, L&T Finance is also not averse to exiting the mutual fund business altogether.
Bristol Myers opts out of Biocon’s oral insulin project
Biocon Ltd may have to develop oral forms of insulin on its own or find a new partner as US drug-maker Bristol Myers Squibb, its global partner for the project, has opted out of the project, reports The Economic Times.
NTPC, Coal India in joint venture to help revive FCIL
NTPC Ltd and Coal India Ltd formed a joint venture that will set up two urea factories on the premises of ailing Fertilizer Corp. of India Ltd (FCIL) to help in its revival.
Adani Power shuts 2,640 MW units at Tiroda plant
Adani Power Ltd has shut down four units of 660 megawatt (MW) capacity each out of five units at the Tiroda plant in Maharashtra due to water shortage, reports PTI.
Bharat Forge, Voltas earnings today
Bharat Forge Ltd, GlaxoSmithKline Consumer Healthcare Ltd, Mahindra Holidays & Resorts India Ltd, Motherson Sumi Systems Ltd, Symphony Ltd, Voltas Ltd and United Bank of India are some of the companies that will release their earnings for the March quarter on Tuesday.
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