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Opening bell: Asian markets subdued; Infosys, telecom stocks in news

LiveMint logoLiveMint 23-02-2017 R. Sree Ram

US markets close mixed; Asian markets open subdued

US stocks closed mixed. S&P 500 lost 0.11% to 2,362 points, minutes from the US Federal Reserve hinted at a rate hike. Tracking the cues, Asian markets opened subdued.

Demonetisation to pull down India GDP growth rate: IMF

Demonetisation drive may have a larger-than-anticipated negative impact on the economy in the near term through weaker private consumption, but will likely curb tax evasion, the International Monetary Fund (IMF) said. Read more.

Realty firms may miss 2016-17 sales targets

Top real estate firms may fail to meet their sales guidance for 2016-17, clobbered by demonetisation just as they were beginning to emerge from a prolonged slowdown, reports Mint.

Scrappage scheme can boost commercial vehicle sales

A voluntary vehicle modernization programme unveiled by the ministry of road transport and highways could boost commercial vehicle sales by a cumulative 65% between fiscal years 2018 and 2020, Crisil Research said, reports Mint.

NSE, BSE seek clarification from Infosys

The NSE Ltd and BSE Ltd have sought clarifications from Infosys Ltd on claims made in two anonymous emails against the management and the board of the company.

Airtel buys stake in fintech start-up Seynse

Bharti Airtel Ltd has acquired a strategic equity stake in financial technology (fintech) start-up Seynse Technologies Pvt. Ltd for an undisclosed amount, reports PTI.

Softbank may buy stake in Vodafone-Idea combine

Masayoshi Son’s Softbank could emerge as a new investor in the proposed Idea-Vodafone combine, reports The Economic Times. According to the report, Softbank is in talks with Vodafone Plc. to buy minority stake in its Indian unit which is considering a merger with Idea Cellular Ltd.

Vijay Mallya sees no grounds for extradition to India

Vijay Mallya has said Indian authorities had no grounds to extradite him from Britain and he would not be leaving, reports Reuters.

Bayer hints at delay in Monsanto takeover

Lastly, Bayer AG signalled that its takeover of Monsanto Co. may face delays, with regulators pressing for more information, reports Bloomberg.

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