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Business News/ Market / Stock-market-news/  Opening bell: Asian markets open mixed; ONGC, RIL, Axis Bank in focus
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Opening bell: Asian markets open mixed; ONGC, RIL, Axis Bank in focus

In other news, Maruti plans to launch four products in next 12-18 months

Asian markets open mixed on Monday. Photo: Hemant Mishra/MintPremium
Asian markets open mixed on Monday. Photo: Hemant Mishra/Mint

Asian markets mixed in morning trade

Asian markets opened tentative weighed down by the government shutdown in the US. According to Reuters, financial markets in the US and Asia edged lower.

Early Q3 earnings hint at revival in growth, demand

Early trends in December quarter corporate earnings indicate a revival in business growth following a downturn in the aftermath of the invalidation of high-value banknotes and implementation of the goods and services tax (GST), reports Mint.

Banks may get more time to switch to IndAS

The government and the Reserve Bank of India (RBI) may postpone the implementation of new accounting standards for banks because of the legislative changes and additional capital requirements the process would entail, reports Mint.

Pharma regulator warns industry of stricter price action

The National Pharmaceutical Pricing Authority has warned the pharmaceutical industry of stricter price regulation, a move which could weigh on sales growth, reports Business Standard.

ONGC looks to raise debt to fund HPCL acquisition

ONGC Ltd is looking at raising debt and selling some of its shareholding in other companies to finance its Rs36,915 crore acquisition of a 51.11% stake in HPCL Ltd, reports Mint. Over the weekend ONGC signed a deal to acquire 51.11% stake in HPCL.

RIL posts record profit on refining margins boost, Reliance Jio show

Reliance Industries Ltd (RIL) reported a 25% increase in quarterly profit, beating analysts’ estimates, as its telecom unit swung to a profit and the petrochemical business posted strong gains.

Maruti plans to launch four products in next 12-18 months

Maruti Suzuki India plans to introduce around four new products in the next 12 to 18 months, reports PTI. The company expects to close the ongoing fiscal with double-digit sales growth, the report adds.

Asian Paints, Axis Bank results today

Asian Paints Ltd, Axis Bank Ltd, Havells India Ltd, Just Dial Ltd and Rallis India Ltd are some of the companies that will release their earnings for the December quarter on Monday.

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Published: 22 Jan 2018, 07:45 AM IST
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