Opening Bell | Power demand forecast cut; RIL, UltraTech in focus


Global equities mixed

Asian markets opened slightly lower. According to Reuters, investors are awaiting cues from central bank meetings in the US and Japan this week. Over the weekend, US marketsclosed mixed . While S&P 500 was unchanged, losses in technology shares drove the Nasdaq Composite lower.

Parliament set for stormy session

The ruling National Democratic Alliance (NDA) and the opposition led by the Congress are sharpening knives as the second half of the budget session begins on Monday, raising doubts over the fate of several pending bills, reportsMint .

Power demand forecast cut

The Union power ministry estimates India’s electricity demand in the 2017-22 period to be 20% less than what was originally estimated, thanks to new energy efficiency targets and power-saving devices.

RIL takes impairment charge on shale gas investments

Reliance Industries Ltd (RIL) took Rs.3,261 crore impairment charge related to its shale gas assets in the US, which include three production ventures with Chevron Corp., Pioneer Natural Resources and Carrizo Oil & Gas Inc. Read more .

R-Com, R-Jio spectrum deal approved

The department of telecommunications has approved a spectrum-sharing deal between Reliance Communications Ltd (R-Com) and Reliance Jio Infocomm Ltd. In anotherreport , the department of telecom notified spectrum liberalisation guidelines.

Blackstone to buy retail space from L&T Realty

Blackstone Group Lp is set to buy a million sq.ft of retail space in L&T Realty Ltd’s Seawoods project in Navi Mumbai for Rs.1,450 crore, reports Mint . L&T Realty is the real estate arm of Larsen and Toubro Ltd.

UltraTech, ABB India results today

ABB India Ltd, Indiabulls Real Estate Ltd, Tata Sponge Iron Ltd, Welspun India Ltd and UltraTech Cement Ltd are some of the companies that will release their earnings for the March quarter today.