US stocks end higher; Asian markets open positive

US Stocks rose to record highs on Friday after some of the major financial companies in the U.S. reported strong quarterly results.

Major indexes in Asia notched gains on Monday after Wall Street closed out last week at records and the dollar remained on the back foot.

Greenko eyes Essel Infraprojects’ power transmission business for $1 billion

Renewable energy company Greenko Group is in talks with Essel Infraprojects Ltd to acquire its power transmission business for an estimated $1 billion, report Mint.

Idea Cellular, Vodafone may start operating as one entity from April

Idea Cellular Ltd and Vodafone Group Plc’s Indian unit are likely to start operating as a single unit from April.

HDFC to raise Rs11,104 crore from investors including GIC, KKR

Housing Development Finance Corp Ltd (HDFC) will be raising around Rs11,104 crore from marquee institutional investors like KKR, GIC and Premji Invest among others, the firm stated in a stock exchange notification on Saturday.

IDFC Bank announces merger with Capital First

IDFC Bank and non-banking finance company Capital First announced a merger of the two businesses to form a combined entity of assets under management of Rs88,000 crore and distribution network of 194 branches.

Shoppers Stop allots Rs179.26 crore shares to Amazon

Retail chain Shoppers Stop said it has allotted shares worth Rs179.26 crore to Amazon.com NV Investment Holdings LLC, an investment arm of Amazon.com.

Tata Motors’ Jaguar Land Rover plans new R&D hub in Ireland

The Tata Motors-owned Jaguar Land Rover (JLR) is mulling a new software hub at Shannon in Ireland as part of its wider plans to invest in electric and driver-less technology.

Jubilant Life gets green nod for Rs250 crore pesticide project

Jubilant Life Sciences has received a green nod for setting up a greenfield pesticide manufacturing unit at Bharuch, Gujarat at a cost of around Rs250 crore, as per the official document.

Earnings corner

Delta Corporation and Federal Bank are among the companies that will be announcing their December quarter earnings today.

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