News

UBS On Reliance

The Government of India has appointed global investment banking firm Goldman Sachs as the sole transaction advisor for the stake sale in four public sector banks (PSBs)—UCO Bank, Central Bank of India, Punjab & Sind Bank, and Indian Overseas Bank (IOB).

JPMorgan On Anthem Bio

Shares of Vodafone Idea Ltd., having gained as much as 20% in the last six trading sessions, of which they gained in five, will be in focus on Tuesday, August 26, as Minister of State for Communications Chandra S Pemmasani ruled out any further relief to the debt-laden telecom operator.

Jefferies On Autos

CLSA On Autos

President Donald Trump moved to remove Federal Reserve Governor Lisa Cook from her post at the US central bank in the wake of allegations that she falsified documents on mortgage applications.

The Donald Trump administration has notified the imposition of an additional 25% tariff on imports from India, which will take effect from 12:01 AM on August 27 Eastern Daylight Time.

Oil steadied after a four-day advance as investors waited for clearer signals on supplies, with the US poised to double a tariff on all Indian imports to penalise the country for buying Russian crude.

Brent traded below $69 a barrel after closing at a three-week high, while West Texas Intermediate was near $65.

Shares of HDFC Bank Ltd., India’s largest private lender, will begin trading adjusted for their bonus share issue from Tuesday, August 26.

TRADE SET UP

Wall Street was back to reality on Monday as major indices began the week on a negative note. The Dow Jones fell 350 points on the first day of the week, giving up nearly 50% of the 800-point rally that the index saw on Friday, towards a record high.

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