Opening bell by ripples Advisory: Asian markets open lower; Wipro, Ultratech, Yes Bank in news
UltraTech Cement hikes bid for Binani Cement to $1 billion, while Yes Bank acquires 17.31% stake in Fortis Healthcare
US stocks end lower, Asian markets see negative opening
The Dow Jones industrial average fell Wednesday as Boeing shares pulled back on worries the US could engage China in a trade war.
Asian markets edged slightly lower on Thursday, with regional stock indices recording slight losses after the Wall Street declined amid concerns over heightened trade tensions.
World Bank forecasts India GDP growth rate at 7.3% in 2018-19
The World Bank said while India’s GDP growth rate will return to 7.5% in two years’ time, to sustain an 8% GDP growth rate, India requires a decisive structural reform momentum that succeeds in stimulating investment and export growth while maintaining macroeconomic stability.
BJP suffers electoral jolt in Uttar Pradesh and Bihar
The Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) suffered a rude electoral shock in the three Lok Sabha bypolls in Uttar Pradesh (UP) and Bihar.
Wipro to sell hosted data centre business to Ensono Holdings for $405 million
IT firm Wipro Ltd said that it has signed a definitive agreement to sell its hosted data centre services business to US-based hybrid IT services provider Ensono Holdings for $405 million, the company said in a stock exchange filing.
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