US stocks end higher; Asian shares surge in early trade
Stocks traded higher on Wednesday, following the release of stronger-than-expected quarterly results from some of the biggest US companies.
Stock indices in Asia on Thursday bounced back from declines in the last session, tracking substantial overnight gains on Wall Street. Investors also awaited a raft of China data, as well as interest rate decisions from South Korea’s and Indonesia’s central banks due later in the day.
Newgen Software IPO gets 70% subscription on Day 2
The initial public offering (IPO) of IT firm Newgen Software Technologies was subscribed 70% on the second day of the share sale on Wednesday.
Amber Enterprises IPO fully subscribed on Day 1
The Rs600-crore initial share public offering (IPO) of Amber Enterprises was fully subscribed on the first day of its bidding.
Puravankara to invest Rs600 crore on low-cost housing project
Realty firm Puravankara Ltd said it will invest Rs600 crore to construct an affordable housing project in Bengaluru.
Amalgamation scheme: Tata Power shareholders’ meet on 19 February
Tata Power said it will convene shareholders’ meeting on 19 February to seek approval for the proposed amalgamation of four group entities with the company.
HUL Q3 profit rises 28% to Rs1,326 crore
Hindustan Unilever Ltd posted a 28% rise in its third-quarter profit, underpinned by higher sales from its personal care business.
Earnings corner
Adani Power, Bharti Airtel, Hindustan Zinc, Mastek, Yes Bank and UltraTech Cement are among the companies that will be announcing their December quarter earnings on Thursday.
Stock indices in Asia on Thursday bounced back from declines in the last session, tracking substantial overnight gains on Wall Street. Investors also awaited a raft of China data, as well as interest rate decisions from South Korea’s and Indonesia’s central banks due later in the day.
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