AgenciesThe pan-European STOXX 600 index was flat at 459.78 points. In the previous session, the index dropped as data pointing to tepid U.S. business activity sparked profit-taking following gains in the prior week.
Hawkish comments from European Central Bank (ECB) President Christine Lagarde and Bundesbank President Joachim Nagel on Monday cemented expectations for further rate hikes from the central bank in June.
These comments come even as the U.S. money markets bet on the Federal Reserve skipping on rate hikes this month.
Rate-sensitive technology stocks fell 0.8%, leading sectoral losses for the day, while defensive healthcare stocks added 0.6%.
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Go First Seeks DGCA Nod to Restart Ops with 22 AircraftWadia Group-owned airline Go First has sought approval to restart flights with 22 planes for the next five months. The Directorate General of Civil Aviation (DGCA) had asked for a resumption plan last week after meeting the Go First management.
Titan Plan to Buy Out CaratLane Hits Valuation HurdleDifferences have emerged between the Tata Group and the founders of CaratLane over the valuation of the residual stake held by the founders, leading to a months-long deadlock, said people aware of the matter. India’s largest omni-channel jewellery brand is majority owned by Tata Group company Titan.
Baring, Blackstone, 3 Others in Fray to Acquire Indira IVFBaring PE Asia EQT, Blackstone, Bain Capital, Advent International and TPG Capital have submitted non-binding bids to acquire a majority stake in India’s largest fertility clinic chain, Indira IVF, said people with knowledge of the matter. The deal is expected to value the chain at ₹8,000-10,000 crore ($1-1.2 billion).
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