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Opening bell: Asian markets open higher; ICICI Prudential Life, Wipro in focus

LiveMint logoLiveMint 25-04-2017 Harsha Jethmalani

US stock end higher, Asian markets follow suit

US equities soared on Monday as investors cheered the results of the first round in the French presidential election.

Equities in Asia were higher in early Tuesday trade following the global relief rally, but regional investors are keeping a close eye on the Korean Peninsula.

RIL reports higher Q4 profit, refining margins but also debt

Energy giant Reliance Industries Ltd (RIL) reported a 12.3% increase in its consolidated March quarter profit, boosted by higher refining margins and better earnings from its petrochemical unit.

UltraTech Cement Q4 net profit falls 11.3% to Rs726 crore

UltraTech Cement Ltd said its consolidated net profit for the March quarter fell 11.3% from a year ago due to higher total cost and tax expenses.

HCL Technologies to acquire US’s Urban Fulfillment Services for $30 million

Software services firm HCL Technologies Ltd said it has agreed to buy US-based mortgage business process outsourcing (BPO) company Urban Fulfillment Services Llc (UFS) for around $30 million.

Indiabulls Real Estate shares gain 100% in last one month

Shares of Indiabulls Real Estate Ltd surged over 100% in the last one month. The stock price started rallying after its board approved restructuring of its leasing and commercial operations into a separate entity.

Maruti Suzuki unveils all-new Dzire

Maruti Suzuki India Ltd unveiled the all-new Dzire in an attempt to revive growth in the compact sedan segment of the country’s car market.

Why Cyrus Mistry’s NCLT petition was rejected

Investment firms controlled by ousted Tata Sons Ltd chairman Cyrus Mistry failed to make a case of mismanagement and oppression of minority shareholders in its court battle with the Tata Group, the National Company Law Tribunal (NCLT) ruled.

Earnings corner

ICICI Prudential Life Insurance Co. Ltd, IDFC Bank Ltd, LIC Housing Finance, Welspun India and Wipro are among the companies that will be announcing their March quarter earnings on Tuesday.

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