The Board of Directors of KDDL Limited has approved the acquisition of Estima AG, a Swiss watch hands manufacturing company through its subsidiaries Pylania SA and special purpose vehicle Kamla International Holdings SA.

Urjit Patel becomes the first Governor after 1960 to resign from his post and quit before completing his term. Check headlines of major media houses worldwide.

The RBI Governor Urjit Patel tended his resignation on Monday ahead of the crucial board meeting scheduled for Friday, December 14. Also, the state election results will bring more volatility to the Indian equity markets.

The level of 10,360 is likely to act as a strong support for the index as it is 61.8 per cent retracement level. Stocks in news: Wipro, Lupin, Zensar Technologies, Titagarh Wagons, KDDL, GMR Infrastructure, Cox & Kings, ICICI Bank and SBI.

Indian markets stares at a major gap-down start on Tuesday as in a surprise move, the RBI governor Dr Urjit Patel submitted his resignation with immediate effect. Dr Patel has cited personal reasons for his resignation, but market participants are not buying that argument as the negative reaction to the news is evident with the SGX Nifty trading lower by 175 points and indicating Nifty opening below the 10,350 mark. Going ahead, market participants will keep a close eye on counting of five state election results.  

The stock markets will witness action-packed trading tomorrow as the RBI governor Urjit Patel has stepped down with immediate effect. The RBI governor's move coincides with the state elections results tomorrow.

The stocks most likely to witness significant movement on the bourses on December 11 are Lupin, Tata Motors, Kotak Mahindra Bank, Zensar Technologies and Titagarh Wagons.

Private banker Kotak Mahindra Bank has filed an appeal with the Bombay High Court against the Reserve Bank of India, contesting the regulator's decision on reduction of the bank's promoter shareholding.

Lupin has received tentative approval from USFDA to market Apixaban Tablets, 2.5 mg and 5 mg. The tablet is indicated to treat several ailments including reducing the risk of stroke and systemic embolism.

Tata Motors Group's global wholesales for the month was at 1,04,964 units in November, lower by 7 per cent on a YoY basis. This include Tata Motors passenger vehicles, Tata Motors commercial vehicles and Jaguar Land Rover.