2 min read.Updated: 14 Oct 2016, 08:11 AM ISTR. Sree Ram
In other news, Piramal Enterprises Ltd aims to be among the top three firms in four years in over-the-counter pharmaceutical products business
US markets little changed, Asia mixed
US markets closed slightly lower. S&P 500 was down 0.31% to 2,132 on weak Chinese economic data. Asian markets are mixed. Stocks fluctuated in the morning trade on Friday as investors awaited more cues from China.
Govt calls early winter session of Parliament
Hopes for the roll-out of the goods and services tax (GST) from 1 April brightened on after the government advanced the month-long winter session of Parliament to 16 November. Read more.
Inflation at a one-year low
India’s retail inflation eased sharply to 4.31% in September, the slowest in more than a year, from 5.05% from August, mainly on account of a sharp fall in food prices.
TCS worries analysts with Q2 revenue miss
TCS Ltd reported weaker-than-expected revenue in what has typically been a strong quarter for the company, raising concerns about growth in the rest of the year for both the company and the industry, reports Mint.
Temasek, Warburg looking to buy stake in Tata Technologies
Temasek Holdings and Warburg Pincus are looking to buy stake in Tata Technologies, reports The Times of India. According to the report, the company is 70% owned by Tata Motors Ltd.
Unilever issues warning on India growth in Q2
Costlier inputs, which forced Hindustan Unilever Ltd to raise prices of some skincare products, affected sales in the September quarter, parent Unilever Plc reportedly said.
ONGC, United Energy vie for Chevron fields
ONGC Ltd and Hong Kong-listed United Energy Group Ltd are among bidders for Bangladesh natural gas assets being sold by Chevron Corp., reports Bloomberg.
Lupin in pact to market diabetic drug
Lupin Ltd formed an alliance with Germany’s Boehringer Ingelheim GmbH to co-market the latter’s diabetic drug in India, reports Mint. As per the agreement, Lupin will market and sell the drug under a separate brand name.
Piramal aims to be among top three in OTC business
Piramal Enterprises Ltd aims to be among the top three firms in four years in over-the-counter (OTC) pharmaceutical products business, from seventh slot now, reports Business Standard.
Rosneft, two others to buy 97.4% in Essar Oil
Russian oil major Rosneft, Singapore-based trading firm and a financial investor are set to acquire a combined 97.4% stake in Essar Oil, reports Business Standard.
Infosys earnings today
Bajaj Corp Ltd, Crisil Ltd, DCB Bank Ltd and Infosys Ltd are some of the companies that will release their earnings for the September quarter on Friday. Here are five things to watch out for in Infosys Q2 earnings.