The domestic stock markets are likely to open sharply lower after RBI governor Urjit Patel’s exit and ahead of the crucial state elections outcome. Mr. Urjit Patel’s resignation as RBI’s Governor may create temporary flutter in the markets that are waiting expectantly to know which way the citizens of 3 crucial Hindi Heartland States have voted, Ajay Bodke of Prabhudas Lilladher said in a note.

The chief executive officer of Alphabet Inc’s Google on Monday defended the integrity of the company’s products a day ahead of a congressional hearing where he is expected to face tough questions from U.S. lawmakers. The technology company has been under fire on Capitol Hill over issues including why it delayed disclosing vulnerabilities with its Google+ social network, whether it will restart its search engine in China and if it is biased against Republicans.

IT firm Wipro Tuesday said it has taken over the strategic design consulting team at Syfte, an Australian agency that uses design thinking to solve client challenges. Syfte’s team of designers will be absorbed within Designit — one of Wipro’s strategic arms — further strengthening its design and innovation capabilities, Wipro said in a statement.

State-owned insurance behemoth Life Insurance Corporation of India (LIC) posted a jump in gross non-performing assets (NPAs) at 6.23 per cent in FY18 over 4.73 per cent in the previous financial year. However, it made higher provisions for bad loans, leading to a marginal decline its net NPAs from 1.96 per cent in financial year 2016-17 (FY17) to 1.82 per cent in FY18.

Dr Reddy s Laboratories Tuesday said it has launched Omeprazole delayed-release tablets, used to treat frequent heartburn, in the US market.

"Dr Reddy's Laboratories has launched Omeprazole delayed-release tablets in the strength of 20 mg, an over-the-counter (OTC) store-brand equivalent of Prilosec tablets, in the US," the company said in a BSE filing.

SWIFT India Monday said it has appointed ex-SBI chief Arundhati Bhattacharya as the new chairman of its board. SWIFT India is a joint venture of top Indian public and private sector banks and SWIFT (Society for Worldwide Interbank Financial Telecommunication). Bhattacharya will succeed former banker M V Nair, who is stepping down after completing five years with the company, SWIFT India said in a statement.

Global wholesales of all passenger vehicles in November were at 66,429 units, lower by 7 per cent from the year-ago month, Tata Motors said in a statement.

JLR sales were at 49,312 units.

PPrivate lender Kotak Mahindra Bank has filed a writ petition with the Bombay High Court after the Reserve Bank of India (RBI) turned down the bank’s proposal to reduce promoter stake by issuing perpetual non-convertible preference shares (PNCPs).

Mumbai: A liquidity crunch and concerns over asset quality is expected to weigh on the second attempt by the National Highways Authority of India (NHAI) to privatize operations on toll roads.

Industry experts said response to the second round of toll-operate-transfer (TOT) auctions will be subdued compared to the robust first round.

Maruti Suzuki India Ltd’s announcement of a price hike across its vehicles from 1 January did not go down well with investors. The stock reacted negatively on Thursday, although it recovered some the next day.

That a routine price hike done by auto firms in January to pass increases in costs onto consumers should worry is strange. The reason is that investors perceive the hike this time around would hit demand.

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