PremiumIndian indices may witness a choppy start on Monday, Meanwhile, Asian peers exhibited a steady start after US jobs data showed recovery but missed expectations. In a sinificant development the Group of Seven rich nations secured a landmark deal that could help countries collect more taxes from big firms and enable governments to impose levies on US tech giants.
Anil Ambani’s Reliance Infrastructure Ltd (RInfra) on Sunday said that its board has approved raising a sum of ₹550.56 crore by preferential allotment of up to 88.8 million shares and/or warrants convertible into shares of the company to promoter group and VFSI Holdings Pte. Ltd, an affiliate of Värde Investment Partners LP.
The funds raised would be utilized for long-term resources, for general corporate purposes, and to fund growth as well as to reduce debt, the company said in a statement. (Read here)
One97 Communications Ltd, the operator of the Paytm online payments app, is set to extend ₹743 crore funding to two companies owned by founder Vijay Shekhar Sharma ahead of its $3 billion initial share sale planned this year. (Read here)
Asian stocks were steady early Monday after their US peers climbed toward a record, aided by an American jobs report that eased some fears about the economy running too hot and stoking troublesome inflation.Shares fluctuated in Japan and edged up in South Korea and Australia. US equity contracts were slightly lower. The S&P 500 advanced and the dollar fell with Treasury yields Friday, after a report showed U.S. job growth picked up in May but missed estimates. The dollar held the drop, while yields ticked upward.
S&P 500 futures dipped 0.1% as of 9:29 am in Tokyo. The index rose 0.9% Friday
Nasdaq 100 futures fell 0.1%. The gauge climbed 1.8%
Japan’s Topix index rose 0.1%
Australia’s S&P/ASX 200 Index added 0.1%
South Korea’s Kospi index increased 0.2%
Hong Kong’s Hang Seng Index futures gained 0.6% earlier
The SGX Nifty was down 0.33%
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