Asian markets open on steady note
US stocks closed lower on Friday. S&P 500 lost 0.23% to 2,362 as investors eyed corporate earnings. Asian markets opened on a positive note.
Infosys promoters, board now disagree over COO’s pay
Infosys Ltd’s promoters continue to be unhappy with some decisions made by the board of the company. A majority of the promoters did not vote for a resolution seeking a salary increase for chief operating officer U.B. Pravin Rao, reports Mint.
N. Chandrasekaran pushes for growth at Tata Motors
Tata Sons Ltd executive chairman N. Chandrasekaran, in his first address of the new fiscal year, exalted Tata Motors Ltd employees to make Tata Motors a brand that finds resonance at homes as well as internationally, reports Mint.
SBI aims to boost efficiency merger
After the merger of its five associate banks, State Bank of India Ltd aims to increase efficiency, productivity and improve ratios, chairman Arundhati Bhattacharya said in an interview to Mint.
Capital International buys 3% stake in Intas Pharmaceuticals
Capital International Private Equity Fund has acquired about 3% of Intas Pharmaceuticals Ltd for $107 million (Rs690 crore) from ChrysCapital Llc., reports Mint. The transaction values Intas Pharma at around $3.5 billion (Rs23,000 crore), the report adds.
Godfrey Phillips in talks to sell two divisions
Godfrey Phillips India Ltd is in talks with international companies to sell the marketing and distribution divisions of the company, reports The Economic Times.
JSW Steel posts 26% rise in production
JSW Steel Ltd registered a 26 per cent increase in annual crude steel production at 15.80 million tonne (mt), its highest ever, marginally surpassing its target of 15.75 mt set at the beginning of last fiscal, reports The Hindu Business Line.
RBI may focus on squeezing excess liquidity in the system
The Reserve Bank of India (RBI) will focus on squeezing excess liquidity from the banking system in its monetary policy meeting on 5-6 April, while keeping policy rates unchanged and retaining its neutral stance, according to a Mint survey.