Opening Bell | Asian markets open lower; Wipro, FTIL in news

Equities lose steam on earnings, global economy

Global equities lost steam after a recent rally as investors worried about earnings and economic growth, reportsReuters . Overnight, the US markets closed mixed on weak quarterly results from Netflix Inc. S&P 500 at 2,163 points is down 0.14%. Tracking the cues, Asian markets opened lower.

Govt to infuse Rs.22,915 crore in 13 PSU banks

State Bank of India Ltd and 12 other state-run lenders, struggling with rising bad loans and losses, are set to getRs.22,915 crore in capital as the government seeks to boost loan growth in Asia’s third-largest economy, reports Mint .

Six telcos get notice for revenue under-reporting

The department of telecommunications (DoT) has started issuing notices to six telecom operators for under-reporting revenues during 2008-09, reports Business Standard .

FTIL assets worth Rs.2,000 crore attached

Mumbai police’s Economic Offences Wing seized Rs.2,000 crore of assets belonging to the former Financial Technologies (India) Ltd (FTIL), a week after the arrest of its founder Jignesh Shah in a money laundering case. Read more .

Wipro follows peers with weak June quarter results

Wipro Ltd reported first-quarter earnings and sales that missed analysts estimates and offered a lacklustre forecast, reports Mint .

Reliance Jio to go for Rs.15,000 crore rights issue

Reliance Industries Ltd (RIL) will invest an additionalRs.15,000 crore in telecom unit Reliance Jio Infocomm Ltd to expand its wireless network, reports Mint .

JSW Energy in talks to buy more assets

JSW Energy Ltd is evaluating various opportunities as part of its growth strategy amid reports that it is in talks to buy JP stake in JP Powergrid, reports PTI . The company on Monday announced acquisition of Jaiprakash Power Ventures thermal power plant.

Exide to invest Rs.1,400 crore for new technology

Exide Industries Ltd plans to invest Rs.1,400 crore over the next two years to introduce more durable automotive batteries in India, reports Business Standard . According to the report, the amount will be spent for acquiring new technology and machinery.

Ricoh India admits accounting violations

Ricoh India Ltd, a subsidiary of Japanese imaging and electronics firm Ricoh, has admitted that some of its companies violated accounting principles and are responsible for falsification in the books of accounts, reports Business Standard .

Dewan Housing, Hindustan Zinc earnings today

Dewan Housing Finance Corp. Ltd, Gammon India Ltd and Hindustan Zinc Ltd are some of the companies that will release their earnings for the June quarter today.

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