Asia mixed, US markets close little changed
Asian markets opened mixed. According to Reuters, retreat in crude oil and other commodities prices are weighing on sentiments. Overnight, US stock markets closed little changed. S&P 500 at 2,389 is slightly up 0.06%.
US House passes healthcare bill
The US House of Representatives approved a bill to repeal major parts of Obamacare and replace it with a Republican healthcare plan, handing President Donald Trump his biggest legislative victory. Read more.
CBI arrests REI Agro chairman, promoter in loan fraud case
The Central Bureau of Investigation (CBI) arrested the chairman of REI Agro Ltd along with a promoter of the company in connection with an alleged bank loan fraud of Rs3,871 crore, reports PTI.
Bank of Maharashtra Q4 net loss at Rs455.45 crore
Bank of Maharashtra reported a net loss of Rs455.45 crore in the March quarter on steep increase in bad loan provisions. Read more.
Jaiprakash Associates defaults on interest payment on NCDs
Jaiprakash Associates Ltd defaulted on interest payments in respect of 12.40% non-convertible debentures (NCDs) for more than three months as of 4 May, reports Mint.
Coal India considering listing on London Stock Exchange
Coal India Ltd is considering a listing on the London Stock Exchange (LSE) and has had early discussions with the LSE, reports Reuters.
Wockhardt gets board nod to raise up to Rs2,200 crore
Wockhardt Ltd has received board approval to raise up to Rs2,200 crore through equity and debt instruments. The company is likely to use the funds for research and development activities, and capital expenditure.
Small, mid-size Indian IT cos to step up US local hiring
India’s small and mid-sized IT services companies are also planning to increase local talent mix in the US like their major peer Infosys Ltd, reports Business Standard.
State power discoms lower losses in 2015-16
Operational performance of the state power distribution firms improved with a decline in commercial losses of electricity in 2015-16, reports The Economic Times citing a report from Power Finance Corp.
Shoppers Stop, Eicher Motors earnings today
It will be a results heavy day. Shoppers Stop Ltd, Monsanto Ltd, Eicher Motors Ltd, Blue Dart Express Ltd, Apollo Tyres Ltd, and Sanofi India Ltd are some of the companies that will release their earnings for the March quarter on Friday.