US stocks rebound; Asian markets open
mixed
The Dow Jones industrial average rebounded more than 300
points Friday, paring deep losses for investors in what still amounted to the
worst week in two years.
Asian markets were mixed early on Monday, while oil prices
edged up after recording six straight days of declines.
SGX looks to bypass curbs placed by
Indian bourses
The Singapore Stock Exchange (SGX) said it will develop new
products to provide investors with access to Indian securities after exchanges
in the country abruptly decided to end licensing their products and data to
overseas bourses.
ONGC Videsh-led consortium picks up
10% stake in UAE’s Zakum oilfield
A consortium of Indian companies led by state-owned Oil and
Natural Gas Corp. Ltd (ONGC)’s overseas arm, ONGC Videsh Ltd, has bought a 10%
stake in the UAE’s offshore oil and gas field Zakum, as India pursues overseas
hydrocarbon assets, while oil-rich nations resort to ways of reducing risk and
balancing their budget deficits.
Wipro Consumer Care set to cross $1
billion in revenue by next month
Wipro Consumer Care and Lighting will reach the $1 billion
revenue mark by March 2018, as the company’s China bets in particular continueto pay off and key brands in India perform well.
Aditya Birla Capital to launch ARC
business this quarter
Aditya Birla Capital Ltd (ABCL), the financial services
business of the $50 billion Aditya Birla Group, will begin investing in its
asset reconstruction company (ARC) and start business this quarter, reports
Mint.
Tata Motors to leverage group
strength on future of mobility: MD Guenter Butschek
As the auto industry goes through disruptions brought by new
technologies, Tata Motors is banking on group strength, particularly on
software major TCS, in its bid to position itself as a mobility solutionsprovider, according to its MD and CEO Guenter Butschek.
Atria Convergence hires investment
banks for IPO
Atria Convergence Technologies Pvt. Ltd (ACT), a broadband
services provider controlled by private equity firms TA Associates and True
North, has hired investment banks to help it raise Rs1,500-2,000 crore through
an initial public offering (IPO).
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