Home >Market >Stock-market-news >Opening Bell | Asian markets open higher; SBI, Bharti Airtel, Nestle in news

Oil prices lift US markets

US markets closed slightly higher. Rise in Brent crude prices above $50 a barrel boosted energy shares, reports Reuters. Tracking the gains, Asian markets opened in green.

SBI board clears merger with associate banks

The board of State Bank of India Ltd cleared the proposed merger of five associate banks and Bharatiya Mahila Bank with itself, taking one step closer to creating the first Indian lender to rank among the world’s top 50.

Singtel to buy 7.39% more in Bharti Telecom

Singapore Telecommunications Ltd (Singtel) has signed an agreement to purchase a 7.39% stake in Bharti Telecom Ltd, the holding company of Bharti Airtel Ltd, for $659.51 million, reports Mint. The deal will strengthen Singtel’s foothold in India.

TCS throws weight behind blockchain

Tata Consultancy Services Ltd (TCS) is throwing its weight behind blockchain and getting ready to launch core banking software based on the underlying technology behind virtual currency Bitcoin, reports Mint.

Maggi relaunch propels Nestle growth

Growth has returned to Nestle’s Indian operations, with Maggi instant noodles regaining its leadership position in the market, reports The Economic Times. Nestle India Ltd’s parent company reportedly made the statement while releasing earnings.

Reliance Industries disallowed $380 million in cost recovery

Reliance Industries Ltd said the government had disallowed the company from recovering a cost of $380 million relating to its Krishna Godavari basin gas production for 2014-15 for not meeting output targets.

Dilip Buildcon wins 2,016 crore road project

Dilip Buildcon Ltd has bagged a road project worth Rs2,016 crore in Uttar Pradesh. The project involves four-laning of the Lucknow-Sultanpur section of NH-56.

Oberoi Realty, Sun TV Network earnings today

Oberoi Realty Ltd and Sun TV Network Ltd will release their earnings for the June quarter today.

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