 "MFs caught on the wrong foot with L&T, Adani Ports")
Markets are likely to see a cautious opening as Asian equities are trading mixed on Tuesday morning. However, as the likelihood of Brexit fades and the progress of monsson is witnessed, some fresh buying can be experienced across the board later during the session.
GLOBAL MARKETS
Asian shares are trading cautiously as investors take a breather after a rally triggered by growing expectations that British voters will opt to remain in the European Union in this week's referendum.
Two of the latest polls released over the weekend showed the "Remain" camp in the lead, reversing a recent rise in support for pulling out and prompting a rally in global equities and the pound on Monday.
Japan’s Nikkei and China’s Shanghai Composite and Hong Kong’s Hang Seng are trading 0.4% while Singapore’s Straits Times has lost 0.2%.
CORPORATE NEWS
CLP India, one of the largest foreign investors in the Indian power sector, announced on Monday it was buying a 49% stake in a Suzlon Group company.
Mahindra First Choice Services (MFCS), a wholly-owned subsidiary of Mahindra and Mahindra plans to take the numebr of its service outlets to 400 this financial year at an investment of about Rs 350 crore.
Competition Commission of India (CCI) has cleared private equity major Blackstone's multi-billion dollar deal to buy over 50% stake in Mphasis from HP Enterprise.
RIL along with Indian Institute of Petroleum (IIP) at Dehradun, has developed a technology which restricts benzene content in the gasoline pool to address the health and environmental concerns.
TCS on Monday formed a strategic partnership with Sernova Financial to deliver its next generation cloud-based derivative post trade processing service to enable banks to effectively maintain compliance with the changing global regulatory environment while reducing risk.
Essar Steel (ESIL) has introduced bullet proof steel and become the first dedicated Indian company with this specialised steel.
Mid-cap technology solutions and services company Rolta's rating was further downgraded by global rating firm. S&P Global Ratings said today that it had lowered its long-term corporate credit rating on Rolta India to 'D' (default) from 'SD' (selective default).
Yes Bank that is set to be the latest entrant in the credit card space in the country is looking at open sourcing of customers in order to make quick inroads into the segment.
Apollo Hospitals Group and Hainan Ecological Smart City Group (HESCG), a Chinese infrastructure company on Monday signed an MoU to jointly develop an integrated modern health care services facility and systems in Hainan province, where a Smart City is being developed in China's largest special economic zone.
