US stocks end lower; Asian markets see subdued opening

US stocks closed sharply lower on Tuesday, falling for a second day as the first major sell-off of the new year intensified.

Asian indices traded lower across the board on Wednesday after Wall Street sold off for a second consecutive day, although losses in the region were initially slighter than those seen stateside.

Jet Airways, IndiGo, SpiceJet, Vistara seen interested in Air India privatization

More domestic airlines could show interest in Air India, the soon-to-be-privatized state-run airline, aviation consulting firm Capa said in its outlook for 2018-19. Up to four Indian carriers could express interest—Jet Airways, IndiGo, SpiceJet and Vistara, the Capa report said.

SBI’s deposit rate hike sets stage for rise in interest rates

State Bank of India (SBI) raised rates on bulk deposits by 50-140 basis points, a move that may prompt rival lenders to increase interest rates, given tight liquidity conditions and the expected rise in loan demand.

Mahindra planning electric cabs, EV parts supply business

Mahindra and Mahindra Ltd plans to start a business that will operate a fleet of electric cabs and turn its electric vehicle (EV) manufacturing unit into a supplier of parts to EV makers.

Gujarat Pipavav Port’s Q3 net profit falls 23% to Rs50 crore

Gujarat Pipavav Port Ltd posted 22.63% fall in standalone net profit to Rs49.9 crore for the quarter ended 31 December 2017.

Godrej Consumer Products Q3 net profit rises 22% to Rs430 crore

Fast moving consumer goods (FMCG) firm Godrej Consumer Products Ltd (GCPL) reported a 22.05% jump in consolidated net profit to Rs429.87 crore for the third quarter ended 31 December 2017.

Earnings corner

Dabur, Exide Industries, HCC, ICICI Bank, NTPC and L&T are among the companies that will be announcing their December quarter earnings on Wednesday.

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