J&J chairman to step down, Joaquin Duato is new CEO

Washington

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Johnson & Johnson will replace Chairman and CEO Alex Gorsky with another veteran company executive starting next year. It said Joaquin Duato will become CEO and a member of the company’s Board of directors on January 3. AP

Mumbai
Markets caught in global selloff; Sensex dips 300 pts
Equity indices spiralled lower on Friday, mirroring a global selloff amid rising Delta cases and fears of Fed tapering. The Sensex slumped 300.17 points to close at 55,329.32 while the Nifty tumbled 118.35 points to end at 16,450.50. PTI

New Delhi
CarTrade Tech makes tepid debut on Dalal Street
CarTrade Tech made a muted market debut on Friday, closing with a discount of nearly 8% against its issue price of Rs 1,618. It listed at Rs 1,600, falling 1.11% from the issue price on the BSE, tumbled 8.77% to Rs 1,476 during the day and then ended at Rs 1,500.10, lower by 7.28%. PTI

New Delhi
Investment via P-notes hits 40-month high in July
Investments in the capital markets through participatory notes (P-notes) rose to Rs 1.02 lakh crore till July-end, making it the highest level in last 40 months. This also marks the fourth consecutive monthly growth. pti

Mumbai
Forex reserves decline $2.10 bn to $619.36 bn
India’s foreign exchange reserves fell by $2.09 billion to $619.36 billion for the week ended August 13 due to a fall in core currency assets and gold, RBI said on Friday. PTI