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Business News/ Market / Stock-market-news/  Opening Bell | Global equities slide on Greek ‘no’ vote
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Opening Bell | Global equities slide on Greek ‘no’ vote

Asian markets fell as Greece voted against accepting further austerity, increasing the risk of the country's exit from the euro zone

A file photo of the BSE building in Mumbai. Photo: Aniruddha Chowdhury/MintPremium
A file photo of the BSE building in Mumbai. Photo: Aniruddha Chowdhury/Mint

Mumbai: Asian markets fell sharply in opening trade as Greece voted against accepting further austerity, increasing the risk of the country’s exit from the euro zone, reports Bloomberg.

US markets were closed on Friday for a holiday. But stock index futures indicate they will extend losses when they reopen today.

Corporate earnings in June quarter may extend slump

Indian companies are likely to report tepid earnings for the quarter ended 30 June, with the more optimistic brokerage estimates projecting a small profit growth for companies belonging to the BSE’s benchmark Sensex, reports Mint.

ITC Infotech eyes one big buy for $100 million

ITC Infotech, the software division of ITC Ltd, has set aside as much as $100 million for at least one big acquisition this year as it looks to scale up. Read more.

Kotak Bank bullish on corporate loans

Even as big-ticket loan demand continues to be tepid, private sector lender Kotak Mahindra Bank is confident of maintaining up to 20% growth in corporate loan book this financial year, reports PTI.

Maruti setting up retail outlets to sell premium products

To crack the big vehicle segment, Maruti Suzuki India Ltd is establishing new retail outlets under the Nexa brand to sell premium products, reports PTI.

Allied Blenders in talks to acquire Tilaknagar Industries

Keep an eye on Tilaknagar Industries Ltd. According to Business Standard, Allied Blenders and Distillers entered the final round of negotiations to acquire a controlling stake in Tilaknagar Industries.

JK Tyre frontrunner to acquire Birla Tyres

JK Tyre and Industries Ltd emerged as the frontrunner to purchase Birla Tyres from Kesoram Industries Ltd, reports The Economic Times. A deal would increase JK Tyre’s market share in the Indian tyre market, the report says.

Sterlite to invest 400 crore on optic fibre project

Sterlite Technologies Ltd will invest up to 400 crore on capacity expansion as it targets a major part of the BharatNet project, reports PTI. National Optical Fibre Network or BharatNet seeks to connect 2.5 lakh gram panchayats with broadband.

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Published: 06 Jul 2015, 07:58 AM IST
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