Overview

• Benchmark indices eased, with the Nifty 50 down 0.18% at 24,580 and the Sensex lower by 0.26% at 80,158 in the latest session.
• Tata Consultancy Services signed a seven-year, €550 million agreement with Scandinavian insurer Tryg to streamline operations across Denmark, Sweden and Norway.
• The Competition Commission of India approved Sumitomo Mitsui Banking Corporation’s plan to increase its shareholding in Yes Bank, following earlier RBI consent to go up to 24.99%.
• Indus Towers’ board cleared an international expansion, starting with entries into Nigeria, Uganda and Zambia.
• Waaree Energies approved acquiring 64% of transformer maker Kotson’s for Rs 192 crore and buying 100% of Impactgrid Renewables from its wholly owned unit.