NHAI awards Rs 3,269.46 cr highway contracts in Karnataka

Mar 22 2018

The National Highways Authority of India (NHAI) has awarded contracts worth Rs 3,269.46 crore for development of a stretch on NH 206 in Karnataka, the government said.

Suspended Cambridge Analytica CEO recalled by British parl committee

Mar 22 2018

A British parliamentary committee has recalled the suspended CEO of Cambridge Analytica to face further questions over his role in the harvesting of Facebook data.

Rajnath for special mechanism to reduce recruitment delays in forces

Mar 22 2018

Union Home Minister Rajnath Singh called for initiation of special mechanisms for reducing delays and fast-tracking recruitment process in the paramilitary forces.

US weekly jobless claims increase slightly

Mar 22 2018

The number of Americans filing for unemployment benefits unexpectedly rose last week, suggesting strong job growth in March that should underpin consumer spending.

Blast at Czech refiner Unipetrol plant kills six, injures others

Mar 22 2018

Six people were killed in an explosion at a plant of Czech refinery and chemicals group Unipetrol on Thursday, and others were seriously injured.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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