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Opening bell: Asian markets open mixed; Ambuja Cements, Ceat in focus

LiveMint logoLiveMint 28-04-2017 Harsha Jethmalani

US equities end higher; Asian markets open mixed

US stocks closed higher on Thursday ahead of major tech company earnings.

Asian markets traded sideways early Friday, following higher tech earnings in the US after the closing bell and the European Central Bank’s (ECB) decision to hold rates.

Maruti Suzuki to pay record dividend as Q4 profit jumps

Suzuki Motor Corp.’s India unit will pay a record dividend after the country’s top-selling automaker posted its highest-ever net income, buoyed by the sale of more expensive models.

TVS Motor Q4 profit falls about 7% to Rs127 crore

India’s TVS Motor Co. Ltd’s net profit fell nearly 7% in the fourth quarter hurt by lower motorcycle sales at home, but beat analysts’ estimates.

HDFC Bank crosses Rs4 trillion in market cap

India’s most valued bank HDFC Bank Ltd crossed Rs4 trillion market capitalisation for the first time, making it only the third Indian company to achieve this milestone.

S Chand IPO fully subscribed on Day 2

The initial public offering of textbook publisher S Chand and Company was subscribed 1.96 times on the second day of the offer on Thursday.

Real estate sector to receive $7 billion investment this year: CBRE report

Indian real estate is expected to witness an investment of $7 billion this year on likely revival in the sector, according to property consultant CBRE.

Tata Safari Storme joins Indian Army replacing Maruti Gypsy

Tata Motors Ltd said it had signed a contract for supply of 3,192 units of the Safari Storme 4x4 to the Indian armed forces under a new category of vehicles called General Service 800.

Earnings corner

Ambuja Cement, Ceat Ltd, Federal Bank, IDFC and Raymond are among the companies that will be announcing their March quarter earnings on Friday.

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