Asian markets open higher on Tuesday. Photo: Hemant Mishra/Mint
US stocks end higher, Asian markets follow suit
US stocks ended sharply higher Monday, regaining roughly half of their correction-level losses amid stabilization in Treasury rates.
Markets in Asia advanced on Tuesday, tracking the rally on Wall Street which saw stocks close with gains of more than 1%.
PNB fraud amount could be Rs1,300 crore more, says bank
Amid the multi-agency probe into the Punjab National Bank (PNB) scam, the state-run bank said the amount of fraudulent transactions could be Rs1,300 crore more than the current estimate of about Rs11,400 crore.
ACC, Ambuja Cements put merger on hold over mines hurdle
ACC Ltd and Ambuja Cements Ltd, both controlled by LafargeHolcim Ltd, said they were putting on hold their proposed merger, citing constraints related to transfer of mines under current laws.
Trai begins consultation to fix service quality norms for LTE calls
Telecom regulator Trai has begun an industry-wide consultation to fix service quality norms for voice calls on Long Term Evolution (LTE) networks.
Daiichi Ranbaxy row: Delhi HC orders attachment of assets of Singh brothers’ firms
The Delhi high court has ordered the attachment of all unencumbered assets of two holding companies of former promoters of India’s Ranbaxy Laboratories Ltd to execute the Rs3,500 crore arbitral award won by Japanese pharma major Daiichi Sankyo.
Aster DM Healthcare shares fall 4% on stock market debut
Shares of Aster DM Healthcare Ltd made stock market debut on a tepid note. The stock was listed at Rs182.10, down from its issue price of Rs190 per share.
HG Infra IPO 11% subscription on Day 1
The initial public offering (IPO) of HG Infra Engineering saw 11% subscription on the first day of bidding on Monday. Read more
