APThe Dow Jones Industrial Average rose 49.76 points, or 0.15%, at the open to 34,338.59.
The S&P 500 opened higher by 8.89 points, or 0.20%, at 4,396.44, while the Nasdaq Composite gained 26.56 points, or 0.20%, to 13,532.43 at the opening bell.
More to come....
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Torrent Joins Fray for Hamied Family Stake in CiplaTorrent Pharma has joined the race to buy out the Hamied family’s stake in Cipla, said people aware of the matter, in what could be the biggest pharma deal since 2014.
CaratLane Contests ED Notice on Alleged FEMA ViolationCaratLane Trading, now majority owned by the Tata Group’s Titan, has challenged a show-cause notice (SCN) from the Directorate of Enforcement (ED) alleging that it had violated rules between 2011 and 2014 by receiving foreign direct investment (FDI), said people with knowledge of the matter. This predates Titan’s investment in CaratLane.
Economy Likely Grew 7.8% in Q1: EconomistsIndia’s economy likely expanded 7.8% in the June quarter, according to the median forecast of an ET poll of 20 economists. Resilient domestic demand, government capital expenditure and a nascent revival in private investment supported growth in the quarter amid a global slowdown.
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