Asian markets open higher on Friday. Photo: Hindustan TimesAsian stocks track US market gainsAsian markets opened higher, tracking the gains in the US stocks. Crompton Greaves leads race to buy Videocon-owned KenstarCrompton Greaves and PE fund Everstone Capital are competing to acquire home appliances brand Kenstar, reports The Economic Times. According to the report, both the firms have submitted offers and are in negotiations to enter into exclusive talks. Future Retail buys HyperCity for Rs655 croreFuture Retail Ltd has announced the Rs655 crore acquisition of HyperCity Retail India Ltd.

Source: Mint October 06, 2017 02:03 UTC