Taking a cue from global markets, the key Indian equity market indices opened higher.
Dow Jones was down more than 300 points at the open after Asian and European markets fell sharply earlier
UK shares fell on a global selloff prompted by fears of a full-blown trade war between the U.S. and China, and disappointing domestic corporate news including a profit warning by Debenhams.
UK shares fell on Tuesday as a global sell-off prompted by fears of a full-blown trade war between the U.S. and China took its toll and disappointing news on the corporate front.
Britain’s top stock index fell as trade tensions between the United States and China kept the pressure on equity markets across Europe.
European shares dipped in early trading as worries over a trade war between United States and China kept investors on the edge, Nexans plummeted after a profit warning.
MSCI’s gauge of stocks across the globe shed 0.48 percent, while the pan-European FTSEurofirst 300 index lost 1.00 percent.
The FTSE 100 .FTSE ended the day down 1.7 percent, resulting in a 0.6 percent loss on the week.
Rolls-Royce was the bright spot on a falling FTSE 100 as energy and banking stocks tumbled, while UK’s index remained on track for a strong week thanks to a dovish ECB.
The FTSE 100 .FTSE climbed 0.8 percent to a three-week high, having fallen as much as 0.7 percent earlier.
ICICI BANK
I-T department probing acquisition of Chanda Kochhars Mumbai Residence
I-T department looking into acquisition of the residence by Deepak Kochhar
Acquisition of residence said to be linked to firms of Videocon group
Indian Express Reports
BANK OF MAHARASHTRA
3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune
Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers
Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr
IPO UPDATE
RITES IPO subscribed 0.6x on day 1
Fine organic industries IPO subscribed 0.12x on day 1
IDBI BANK
SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank
B Sriram is the longest serving PSB MD
B Sriram Has Experience In Managing Stressed Assets
INDIAN HOTELS
Wins bid for Connaught Place in Delhi
Taj Group wins 33-year lease for Connaught Hotel in E-auction
Offered to share 31.8% of annual revenue earned with civic body
INDIGO CLARIFIES
Have not received any notice from ED on FEMA violations
WELSPUN CORP
U.S. to levy tariff on Indian welded pipes
U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India
China, South Korea, & Turkey to also face duties from U.S.
U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017
U.S. International Trade Commission scheduled to make a final decision By Dec 20
@BTVI