Home >Market >Stock-market-news >Opening bell: Asian markets open flat; JM Financial, Omkar Realtors in news

Asian markets open flat on Tuesday

US stocks rose to record highs on Friday and were closed on Monday for Martin Luther King Jr. Day. Asian markets paused for breath early on Tuesday as the dollar nursed overnight losses.

JM Financial appoints banks for $100 million QIP

JM Financial Ltd has started work on its qualified institutional placement (QIP) offering that could see the company raise as much as $100 million, reports Mint.

Piramal arm ties up with Omkar Realtors for Mumbai project

Piramal Realty, the real estate development arm of Piramal Group, has entered into a development agreement with Omkar Realtors and Developers Pvt. Ltd for a 12-acre project in Mahalaxmi, a prime location in Mumbai.

Govt to break up Air India into four parts to speed up privatisation process

The proposed privatisation of Air India Ltd has gained momentum, with the government deciding to break the airline into four units and offer to sell at least 51% in each of them, besides transferring most of the non-core debt owed by the carrier to its own balance sheet.

HDFC crosses Rs3 trillion market cap for first time

Shares of Housing Development Finance Corp. Ltd (HDFC) crossed Rs3 trillion market capitalisation mark for the first time after soared over 6.7% on news of raising up to Rs13,000 crore through qualified institutional placement (QIP) and preference issue.

WPI inflation decelerates to 3.58% in December

Wholesale Price Index (WPI)-based inflation decelerated to 3.58% in December from 3.93% in the previous month due to lower food inflation at a time when retail inflation has been accelerating.

Petrol prices cross Rs71 per litre, diesel prices at record Rs61.74 per litre

Diesel prices have touched a record high of Rs61.74 per litre and petrol prices have crossed Rs71 as international oil rates continue to rally.

Lupin forays into OTC segment, eyes Rs300 crore turnover in 5 years

Drug major Lupin said it has forayed into over-the-counter (OTC) segment in the country with plans to touch Rs300 crore turnover in the vertical over the next five years.

Earnings corner

Den Network and MCX are among the companies that will be announcing their December quarter earnings on Tuesday.

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