Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Money / Personal-finance/  Opening bell: Asian markets open mixed; IDFC, Sun Pharma in news
BackBack

Opening bell: Asian markets open mixed; IDFC, Sun Pharma in news

In other news, CBI has unearthed another bank fraud to the tune of Rs824.15 crore, involving Chennai-based jewellery chain Kanishk Gold

Asian markets open mixed on Thursday. Photo: MintPremium
Asian markets open mixed on Thursday. Photo: Mint

US Fed hikes rates, Asian stocks mixed

The US Federal Reserve raised interest rates and forecast at least two more hikes for 2018, reports Reuters. The rate hike signalled growing confidence about the economy and future tightening, weighing on stocks. US stocks closed modestly lower. Asian markets opened mixed. S&P 500 at 2,711 is down 0.18%.

Trade war fears reemerge as Trump set to announce actions on China

In another report, the US President Donald Trump will announce on Thursday the actions he will take against China for its alleged theft of US intellectual property and technology, stoking fears of a trade war.

Another bank fraud surfaces

Close on the heels of the Rs12,636 crore PNB fraud case, the Central Bureau of Investigation (CBI) has unearthed another bank fraud to the tune of Rs824.15 crore, involving Chennai-based jewellery chain Kanishk Gold Pvt. Ltd. Read more.

US slaps anti-dumping duty on Chinese, Indian steel flanges

The Trump administration has decided to slap an anti-dumping duty on the stainless steel flanges imported from China and India after it found in its preliminary probe that both the countries had provided subsidies to the exporters, reports PTI.

IDFC looks to exit asset management business

IDFC has begun discussions with IndusInd Bank, among others, to merge or sell its asset management company, reports The Times of India.

Sun Pharma gets US FDA nod for plaque psoriasis drug

Sun Pharmaceutical Industries Ltd has announced its first US approval for an innovative medicine, marking a milestone in the company’s bid to diversify out of generic drugs by building a portfolio of novel ones protected by patents, reports Bloomberg.

Coal India to set up plants for coal gasification

To promote environment-friendly uses of coal, Coal India Ltd is planning to set up plants for coal gasification, parliament was informed, reports PTI.

JSW Steel to join race for Essar Steel as lenders seek fresh bids

The race to acquire Essar Steel will start all over again with new players, including the JSW Steel, evincing interest in bidding for the company, reports The Hindu Business Line. This follows the rejection of bids placed by Numetal and ArcelorMittal.

Govt approves Ayushman Bharat health protection scheme

Lastly, the government approved the launch of Ayushman Bharat-National Health Protection Mission. It aims to implement the National Health Protection Scheme and strengthen primary healthcare delivery system, reports Hindustan Times.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 22 Mar 2018, 08:21 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App