Active Stocks
Fri Jun 21 2024 15:59:28
  1. Tata Steel share price
  2. 179.85 -1.37%
  1. ITC share price
  2. 419.60 -0.89%
  1. State Bank Of India share price
  2. 836.40 -0.88%
  1. Wipro share price
  2. 490.55 0.01%
  1. ICICI Bank share price
  2. 1,156.85 0.00%
Business News/ Market / Stock-market-news/  Opening Bell | DLF, Accenture, Cipla in focus
BackBack

Opening Bell | DLF, Accenture, Cipla in focus

Asian shares rose, taking a cue from a jump in oil prices as well as gains on the Wall Street

A file photo of the BSE building in Mumbai. Photo: Mint Premium
A file photo of the BSE building in Mumbai. Photo: Mint

Asian markets trade firm

Asian shares rose on Friday, taking a cue from a jump in oil prices as well as gains on the Wall Street after the minutes of the Federal Reserve’s latest meeting led investors to further pare bets that the central bank will hike interest rates this year. China’s Shanghai Composite advanced 0.5%, Hong Kong’s Hang Seng gained 1.8% and Japan’s Nikkei Stock Average was up 0.9%.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite gained between 0.4% and 0.9% each, reports MarketWatch.

DLF to sell 40% stake in rental arm

Promoters of DLF Ltd will sell 40% stake in a subsidiary that owns the company’s rent-generating assets and a few land assets to institutional and third-party investors. The move will help DLF reduce debt, read more.

Demand for homes to pick up

Demand for affordable houses and home loans may pick up with the Reserve Bank of India (RBI) increasing the amount banks can advance for property purchase, by allowing a loan-to-value ratio of up to 90% for home loans for Rs30 lakh or less.

Accenture Plc on a hiring spree in FY16

IT shares will be in focus following an Economic Times report that Accenture Plc plans to hire about 100,000 people in FY16 and spend as much as $1 billion on acquisitions, as it invests in new technologies at a scale that far outstrips its Indian rivals.

Cipla ties up with Serum Institute to sell vaccines in South Africa

Cipla Ltd shares will be in focus as it has tied up with Serum Institute of India to supply vaccines to South Africa, adding a new market to their partnership in India and Europe, read more.

Bombay HC rules in favour of Vodafone

The Bombay high court has ruled in favour of the Indian arm of Vodafone Group Plc. in a Rs8,500 crore transfer pricing tax dispute. The verdict augurs well for other foreign companies locked in similar disputes with the Indian tax department.

Finally Modi breaks his silence

Finally, Prime Minister Narendra Modi broke his silence and called for communal harmony and brotherhood in the country about a week after a mob killed a Muslim man rumoured to have slaughtered a cow, read more.

3.6 Crore Indians visited in a single day choosing us as India's undisputed platform for General Election Results. Explore the latest updates here!

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: 09 Oct 2015, 08:19 AM IST
Next Story footLogo
Recommended For You