Asian markets track gains in the US

Over the weekend, the US markets closed higher. S&P 500 gained 0.46% to close at a record 2,175 points. Tracking the gains, Asian markets opened higher. Central banks’ meetings in the US and Japan to be held this week are being eyed.

Govt reaches out to parties before tabling GST bill

With the monsoon session of Parliament entering its second week, the National Democratic Alliance leadership is reaching out to political parties for their support on a constitutional amendment bill needed to roll out the goods and services tax (GST).

Fare war blurs line between budget, full-service carriers

Lean season strategies are blurring the lines between low-fare and full-service airlines, with the former offering premium features for a small fee, and the latter offering cheaper, flight-only tickets, reports Mint.

Govt to hold talks on merging oil PSUs

The government plans to hold consultations for an ambitious plan to merge 13 state oil firms or public sector units (PSUs) to create a giant corporation, reports The Economic Times.

Cairn shareholders get sweeter Vedanta deal terms

Vedanta Ltd has offered sweeter terms to shareholders of Cairn India Ltd to push through a merger that has been stuck due to opposition from minority investors such as Life Insurance Corporation of India (LIC). Read more.

Indian Oil in talks to buy stake in Mundra LNG terminal

Indian Oil Corporation Ltd is in talks to buy debt-laden Gujarat State Petroleum Corp.’s stake in under-construction 4,500 crore Mundra LNG import terminal, reports PTI.

Havells India Q1 profit up 36%

Electrical goods maker Havells India Ltd on Saturday reported a 36% rise in standalone net profit for the first quarter ended 30 June, reports PTI. Net sales increased 17.05%.

CESC in talks to sign new 150 MW PPA for Maharashtra plant

CESC Ltd is in talks to sign a new 150 megawatt (mw) power purchase agreement (PPA) for its 2x300 MW Chandrapura power plant in Maharashtra, reports The Economic Times.

Alok Industries lenders considering debt restructuring

Lenders to the troubled textile company Alok Industries Ltd are considering restructuring of over 18,000 crore debt under S4A (scheme for sustainable structuring of stressed assets), reports PTI.

Canara Bank earnings today

Canara Bank Ltd, Greenply Industries Ltd, Info Edge (India) Ltd, Navin Fluorine International Ltd, Indiabulls Housing Finance Ltd, Texmaco Rail & Engineering Ltd and Tata Sponge Iron Ltd are some of the companies that will release their earnings today.

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