INFOSYS, SPICE JET AND ICICI BANK ON FOCUS TODAY

Indian stock market opened lower on Tuesday, sensex and nifty is trading volatile today.

Infosys: Infosys shares fell about 4 percent at open, before recovering some lost ground to trade 3.4 percent lower,

ICICI Bank : has announced sale of its Russian banking subsidiary, which has assets of $114 million to Sovcombank in Russia. Transaction price will be determined on the completion of the deal.

State Bank of India: is planning to raise $300 million through a bond issue. The bonds will be issued by its London branch and will carry a coupon of 3.95 per cent, payable semi-annually.

SpiceJet: Its board is meeting today to take up recapitalization plan of the company and payment of dues to different vendors. The aviation regulator has asked the airline to submit a payment plan by December 15 to clear over Rs 1,500 crore dues to various vendors.

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