Home >market >stock-market-news >Opening bell: Asian markets open lower; HUL, Mindtree earnings in focus

US stocks end lower; Asian markets follow suit

US stocks closed lower on Tuesday, pulling back from record highs set earlier in the session, as investors weighed the possibility of a government shutdown.

Asian markets traded in negative territory early on Wednesday after Wall Street closed lower in the previous session.

RCom to build $600 million undersea cable network

Reliance Communication (RCom), which is in the middle of a major debt restructuring, said it would construct a 22,000km undersea cable network at an investment of $600 million, a move that would help expand the company’s enterprise segment after it shut down its wireless service.

IndiGo appeals against Delhi HC order upholding DIAL’s direction to shift operations

Interglobe Aviation Ltd has moved the Delhi high court against an order by a single-judge bench upholding Delhi International Airport Pvt. Ltd’s (DIAL) direction to IndiGo, the airline it operates, and SpiceJet to “partially" shift their operations from Terminal 1 of the Indira Gandhi International Airport, New Delhi to Terminal 2.

Hindustan Unilever becomes eighth company to cross Rs3 trillion market cap

India’s largest packaged consumer products firm by sales, Hindustan Unilever Ltd, became the country’s eighth company to cross Rs3 trillion market capitalisation after its shares surged over 70% in the last one year.

Reliance Industries to invest Rs5,000 crore in West Bengal: Mukesh Ambani

Reliance Industries Ltd (RIL) chairman Mukesh Ambani on Tuesday said his company will invest Rs5,000 crore in West Bengal in businesses such as petroleum and retail.

TCS wins over $690 million deal from M&G Prudential

India’s largest IT services firm Tata Consultancy Services (TCS) said it has signed an over GBP 500 million ($690 million) deal with M&G Prudential, the UK and European savings and investments business of Prudential Plc. Read more

Earnings corner

Adani Power, DCB Bank, HUL, Mindtree and Zee Entertainment are among the companies that will be announcing their December quarter earnings on Wednesday.

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