BUSINESS
Symbolic RBI rate hike to have adverse implications for equity markets
This is even more likely because the RBI views inflation as primarily a monetary phenomenon requiring monetary policy action to control inflation, irrespective of whether it is supply or demand sided.
Nepal requests India to provide rice, sugar
The request was made last week through the Ministry of Foreign Affairs to the Indian side.
Intel cancels $5.4 bn acquisition of Tower Semiconductor, to pay $353 mn as fine
"In accordance with the terms of the merger agreement and in connection with its termination, Intel will pay a termination fee of $353 million to Tower," Intel said.
India's home-grown defence technologies come of age, grab spotlight at Russian military expo
India’s Defence Research and Development Organisation (DRDO), along with several defence Public Sector Undertakings (PSUs) like Bharat Electronics Limited (BEL), Goa Shipyard Limited (GSL) and Bharat Earth Movers Limited (BEML), have displayed their state-of-the-art products at the ninth edition of the forum.
Nifty ends in green after recovering sharply
At close, Nifty was up 0.06 per cent or 12.4 points at 19,446.9, while the BSE Sensex climbed 137.50 points or 0.21 per cent to settle at 65,539.42.
BSE seeks clarification on spurt in volume from Garden Reach Shipbuilders
The company in its reply to BSE said: “We would like to submit that the Company is regularly intimating all the events, information etc. that have a bearing on the operation/performance of the company which include all price sensitive information, etc. to the Stock Exchanges, as per Regulation 30 of the SEBI (LODR) Regulations, 2015.
Indian banks' operating environment stronger, but structural issues continue to affect: Fitch Ratings
Fitch also said other structural issues like lengthy legal process, 'bad bank’ not playing a meaningful role hamper the OE.
Top film financier TSG sues Disney for depriving it of millions of dollars
According to the Wall Street Journal, TSG Entertainment, which also helped finance 'Deadpool' franchise for Twentieth Century Fox, is suing the studio and its parent company Disney pointing alleged breach of contract. TSG said in the lawsuit that people at Disney "have tried to use nearly every trick in the Hollywood accounting book" to hold onto cash that TSG thinks it owed.
Indian markets face strong headwinds
Global headwinds are from the rising dollar index at 103.23 and spiking U.S. bond yields, he said. Consequently, FIIs are selling, taking their cash market sell figure in August, till 15th, to Rs 9,867 crore. Domestically, the major headwind is the rising inflation, V.K. Vijayakumar said.
Infosys inks 5-year, 1.5bn euros deal with Liberty Global
In a regulatory filing, Infosys said the contract has an option to extend to eight years and when extended the total order value will be 2.3 billion euros.
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