BackOpening Bell | Asian markets open lower; IndiGo, Maruti Suzuki in news
In other news, s strong preference for SUVs, particularly compact SUVs, and new compact car models propped up sales at most auto firms in July
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Weak oil price weigh on global equities
US markets closed slightly lower. S&P 500 lost 0.13% to 2,170 points as drop in oil prices weighed on energy stocks. Tracking the cues, Asian markets edged lower.
RBI puts bank licences on tap
Universal bank licences will now be available on tap, with the Reserve Bank of India (RBI) releasing the final set of guidelines for eligible entities to apply for licences as and when they choose to, and keeping the doors closed to large business houses.
Group of secretaries to review disinvestment proposals
A core group of secretaries on disinvestment, headed by the cabinet secretary, will soon take up proposals for strategic disinvestment from a list of public sector units submitted by government think tank Niti Aayog, reports Mint.
SUVs, compact cars prop up auto sales
A strong preference for sport utility vehicles (SUVs), particularly compact SUVs, and new compact car models propped up sales at most auto firms in July, reports Mint.
New UK pension plan cuts Tata Steel liability
Tata Steel Ltd’s pension obligations, a cause of concern, have come down by 35% in 2015-16, thanks to changes in the British pension scheme, reports Business Standard.
IndiGo Q1 profit declines 7.3%
InterGlobe Aviation Ltd, owner of low-cost airline IndiGo, said its net profit in the June quarter fell 7.3% from a year ago on cheaper fares and higher expenditure. The results came after market hours on Monday.
Maruti Suzuki hikes prices of select models
Maruti Suzuki India Ltd increased prices of select models in the range of ₹ 1,500 to ₹ 20,000. Demand and foreign exchange movement determined the price hikes.
Voltas earnings today
Voltas Ltd, Indian Bank Ltd and Century Plywoods (India) Ltd are some of the companies that will release their earnings for the June quarter today.
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