Opening bell: Asian markets open higher; RIL, ITC, HDFC Bank earnings in focus

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US stocks end lower; Asian markets open higher

The Dow Jones industrial average fell on Thursday as investors assessed the possibility of the government shutting down at the end of the week.

Major indices in Asia were mostly higher on Friday although the Australian benchmark tracked lower. Wall Street, for its part, closed its Thursday session with slight losses amid political concerns.

GST rate cut for more items, returns filing to be made simpler

The Goods and Services Tax Council (GST Council) cut tax rates on 29 products and 54 services at its 25th meeting and agreed to make the process of filing tax returns simpler.

Airtel profit plunges 39% in Q3 as IUC cut, Reliance Jio price war take their toll

Bharti Airtel Ltd’s quarterly profit plunged 39%, missing analysts’ estimates, as India’s telecom regulator more than halved interconnection fees and a pricing war triggered by the entry of Reliance Jio Infocomm Ltd continued unabated.

Maruti Suzuki’s new Swift to launch at Auto Expo 2018, bookings open

Maruti Suzuki India Ltd, India’s largest carmaker, will launch the all new Swift at the upcoming Auto Expo 2018.

Newgen IPO subscribed 8.16 times on last day

The Rs424.6 crore initial public offering (IPO) of software products maker Newgen Software Technologies Ltd was subscribed 8.16 times, the last day of the share sale.

Adani Ports Q3 net profit rises 19.5% to Rs1,001 crore

Adani Ports and Special Economic Zone (APSEZ), India’s largest port operator, reported a 19.5% rise in fiscal-third quarter profit.

Earnings corner

HCL Technologies, HDFC Bank, ITC, Reliance Industries, Kansai Nerolac and Wipro are among the companies that will be announcing their December quarter earnings on Friday.