Home >market >stock-market-news >Opening bell | Lafarge, Hexaware, Godfrey Philips, stocks under spotlight

US markets close slightly higher

US markets closed marginally higher with S&P 500 at 2,016, up 0.2%. Asian markets are subdued in opening trade. According to Reuters, weak crude prices are weighing on sentiment.

Increase in infrastructure deals seen for 2016

After a strong year in 2015, deals in the infrastructure sector are expected to rise further this year, promising increased investments from a new set of infrastructure-focused buyers, reports Mint.

Scheme to scrap old vehicles likely in budget

In an attempt to combat car exhaust emissions, the Union budget may propose vehicle-scrapping policy to get old, polluting vehicles off the country’s roads, reports Mint.

PE funds set to extend investment spree in real estate

Private equity (PE) investors are expected to infuse more money into India’s real estate market in a sign of their continuing confidence in the long-term viability of a sector that has struggled for the past two years, reports Mint.

Govt scraps export duty on iron ore pellets

The government scrapped 5% duty on exports of iron ore pellets to make overseas shipments competitive amid a sharp fall in the world price of the steel-making raw material, reports Reuters.

Lafarge plans to exit India operations

Lafarge India has submitted a revised proposal to the Competition Commission of India to sell its entire 11-million tonne asset in India, reports Business Standard.

Baring PE looking to sell stake in Hexaware

Baring Private Equity Asia is looking to sell its stake in Hexaware Technologies Ltd, reports The Economic Times. According to the report, Baring has initiated talks with Capgemini and private equity funds to sell its 71% stake.

Wipro to announce fresh structure under new CEO

Wipro Ltd will soon announce a new organisational structure to provide the new chief executive ammunition to execute his strategy, reports Business Standard.

Philip Morris eyeing Godfrey Brands

Also keep an eye on Godfrey Philips India Ltd. According to The Economic Times, global tobacco firm Philip Morris International is in talks with its Indian partner to take control of the cigarette brands.

Jindal Steel to resume operations at Australian coal mine

Jindal Steel and Power Ltd’s subsidiary in Australia will recommence operations at one of its mines in New South Wales soon, reports The Hindu Business Line.

Educomp lenders looking at strategic debt restructuring

Lenders to Educomp Solutions Ltd are mulling conversion of debt to a majority equity holding under the strategic debt restructuring (SDR) scheme, reports Mint.

CERC initiates probe on Tata Power

Power regulator Central Electricity Commission (CERC) has initiated a probe on Tata Power Co. Ltd’s alleged irregularities in commissioning of Mundra ultra mega power project units, reports The Economic Times.

Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

My Reads Logout