INDIAN BENCHMARKS open on a subdued note
and will eye the PM’s speech. India Services PMI data is also due today.
UCO Bank
has put 100 non-performing accounts with outstanding balance of Rs19bn on the
block.
FURTHER, Vodafone is in
talks with the Tata Group to buy its controlling stake in Tata Teleservices for
India's largest telco by subscribers. Maldives is in talks with GMR whose over
US$500mn Male airport project was scrapped, for an out-of-court settlement and
not through arbitration.
Trend in FII flows: The FIIs
were net buyers of Rs. 674cr in the cash segment on Thursday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 189cr, as per the provisional figures released by the NSE.
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