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Stocks In News



Blackstone to buy 80% in Pune mall for Rs 310 Cr 

Blackstone Group is set to buy an 80% majority stake in Nitesh Hub

Remaining stake in the mall will remain with Nitesh Estates

Mint Reports


Eyes palm oil business and may join race to acquire Ruchi Soya

Godrej Agrovet is yet to formally approach Ruchi Soya on the same

ITC , Patanjali Ayurved and Emami are other cos which have shown interest

Mint Reports


SC upholds sale of hotel property of Blue Coast Hotels by co

Earlier, Bombay HC had set aside the sale

SC sets aside Bombay HC ruling

SC allows IFCI to retain sale proceeds of Rs 515.4 cr


Gets USFDA nod for ANDA for Metformin Extended Release tablets

Gets approvals for drugs of strength 500 mg, 750 mg

Approved ANDA bioequivalent of Glucophage XR of Bristol Myers Squibb

Co eyes to commercialise product soon


Gets Shareholders' Nod for sale of equity shares of unit Hypercity Retail

FPI limit under Portfolio Investment Scheme increased from 24% to 49%


    32,996.76 73.64   (0.22 %)

    10,124.35 30.10   (0.30 %)
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Binani Cement moves NCLT

News In Brief


    Facebook to brief US lawmakers' aides on Wednesday: Congressional staff

    Washington: Facebook Inc will brief U.S. Senate and House aides on Wednesday, congressional staff said on Tuesday amid growing pressure on the social media company to answer questions over the use of its users’ data. 

    A House Energy and Commerce Committee spokeswoman confirmed the briefing would take place as did a Senate aide. The briefing comes amid some calls from lawmakers for Facebook chief executive Mark Zuckerberg to appear before Congress.


    White House official says US Congress to pass spending bill by Friday

    Washington: The White House is confident the U.S. Congress will pass a spending bill by the end of this week that supports the military and infrastructure spending, and helps the government avert shutting down its operations, Deputy Press Secretary Raj Shah told Fox News Channel on Monday. 

    “There are a number of issues that are being worked out by Congress, but we remain confident that by the end of the week we’re going to have a funding bill that funds this White House and this president’s priorities,” Shah said. “Right now we’re looking at a package that is going to present over $700 billion in funding for the military for this year and a little more for next year.”


    US to give $2.5 million to help Venezuelans in Colombia: USAID

    Washington: The United States said on Tuesday it would provide $2.5 million in humanitarian aid to help support Venezuelans who have fled to neighboring Colombia.

    “In partnership with Colombia, this initial, and immediate commitment of $2.5 million will provide emergency food and health assistance for vulnerable Venezuelans and the Colombian communities who are hosting them,” Mark Green, administrator of the U.S. Agency for International Development, said in a statement.


    US rejects EU alternatives to solar safeguard tariffs: WTO filing

    Geneva: The United States has rejected European Union proposals for an alternative to U.S. safeguard tariffs imposed on solar power goods, the two trading powers said in a joint filing published by the World Trade Organization on Tuesday. 

    They also said they had not reached any agreement on U.S. compensation for its tariffs, but they would monitor the impact on trade flows and continue discussions.


    House Speaker Ryan says assured Trump won't fire Mueller

    Washington: U.S. House Speaker Paul Ryan on Tuesday said he has been assured that fellow Republican President Donald Trump is not considering firing U.S. Special Counsel Robert Mueller. 

    “The special counsel should be free to follow through his investigation to completion without interference, absolutely,” Ryan said at a news conference. “I am confident that he’ll be able to do that. I’ve received assurances that his firing is not even under consideration.” Ryan, who has supported the special counsel probe of Russian election meddling, did not elaborate on the assurances.


    FTC to investigate Facebook over use of personal data: Bloomberg News

    Washington: The U.S. Federal Trade Commission is investigating Facebook Inc (FB.O) over its use of personal data, Bloomberg News reported on Tuesday, amid reports that a London-based political consultancy had improperly accessed information on 50 million Facebook users. 

    Bloomberg, citing a person familiar with the matter, said the probe would look into whether the social media company allowed Cambridge Analytica to receive some Facebook user data in violation of its policies. Representatives for the FTC did not immediately respond to a request for comment.


    Russia hopes Putin re-election win to help thaw US-Russia ties: RIA

    Moscow: Russian Deputy Foreign Minister Sergei Ryabkov said on Tuesday he hoped President Vladimir Putin’s landslide re-election victory would pave the way for a thaw in battered U.S.-Russia relations, the RIA news agency reported. 

    Ryabkov was cited as saying he hoped the win would convince some U.S. politicians to drop their obsession with isolating Russia and said Moscow was open to dialogue with Washington.


    Danish ambulance group Falck cuts 570 jobs

    Copenhagen: Danish emergency services group Falck has decided to outsource transportation of non-acute patients to external providers and lay off 570 employees in its home market, it said on Tuesday. 

    The former head of Novo Nordisk’s (NOVOb.CO) North American operations, Jacob Riis, took over as chief executive of Falck a year ago. Falck runs the world’s largest ambulance fleet and has more than 37,000 employees in 35 countries.


    BMW searched by German prosecutors over suspicious emission software

    Frankfurt/Munich: German public prosecutors on Tuesday said they searched BMW premises at the carmaker’s Munich headquarters and in Austria, investigating suspected defeat devices capable of manipulating exhaust emissions.

    In a separate statement, BMW confirmed the raids, saying prosecutors were looking into “erroneously allocated” software in about 11,400 vehicles of the BMW 750d and BMW M550d luxury models. BMW last month recalled 11,700 cars to fix engine management software, saying it discovered that the wrong programming had been installed.


    Paul Ryan eyes completion of spending bill

    Washington: U.S. House Speaker Paul Ryan said he expected to finalize a giant federal government spending bill later on Tuesday that would providing funding through the end of September. 

    Separately, U.S. Senate Democratic Leader Chuck Schumer said he hoped a deal can be reached this week on the funding measure, which Congress must pass by midnight Friday to prevent government shutdown.


    Uber to appeal any court decision to suspend ride sharing licenses in Egypt: Source

    Dubai: Uber Technologies intends to appeal any court decision to suspend ride sharing licenses in Egypt, a source familiar with the matter said on Tuesday. 

    Earlier, an Egyptian court ordered the suspension of licences for ride-hailing companies Uber and Careem, Reuters reported, citing judicial sources. A source familiar with the matter said Uber had not been officially informed of the court ruling, but that the company would appeal any suspension to ensure its business runs as usual.


    UK will always consider ways to improve data laws: PM May's spokesman

    London: Britain will consider any suggestions to give the body in charge of upholding data privacy laws more powers, Prime Minister Theresa May’s spokesman said on Tuesday, responding to concerns about whether Facebook had adequately protected users’ data. 

    “If proposals are put forward for further powers, we can consider them as the bill passes through parliament,” the spokesman told reporters, referring to data protection legislation already passing through parliament. Britain is investigating whether Facebook did enough to protect data after a whistleblower said a London-based political consultancy hired by Donald Trump improperly accessed information on 50 million Facebook users to sway public opinion.


    Wall Street opens higher as financials gain

    Bengaluru: Wall Street’s main indexes opened higher on Tuesday, led by gains in financial stocks ahead of a near-certain interest rate hike by the Federal Reserve, but declines in Facebook and Oracle weighed on technology shares. 

    The Dow Jones Industrial Average .DJI rose 98.75 points, or 0.4 percent, to 24,709.66. The S&P 500 .SPX gained 7.04 points, or 0.26 percent, to 2,719.96. The Nasdaq Composite .IXIC added 11.33 points, or 0.15 percent, to 7,355.57.


    Germany chooses Ulm for new proposed NATO logistics command

    Berlin: A proposed new NATO logistics command would be based in the southern German city of Ulm, the German Defence Ministry told lawmakers on Tuesday. 

    It said a broad plan for the new Joint Support and Enabling Command (JSEC) would be completed by mid-April, with a formal decision by NATO expected at a meeting of NATO defense ministers from June 7-8. “As a framework nation for the JSEC, we can make a significant contribution to burden-sharing in the alliance,” State Secretary in the defense ministry Peter Tauber told lawmakers in the letter.


    General Dynamics ups offer in battle for CSRA

    Bengaluru: U.S. defense contractor General Dynamics (GD.N) said on Tuesday it had raised its offer for smaller sector peer CSRA Inc (CSRA.N) to $9.7 billion, including $2.8 billion in debt, as it strives to top CACI International Inc’s (CACI.N) offer. 

    General Dynamics’ raised offer under a merger agreement with CSRA’s board, includes $41.25 per share in cash, an increase from the prior $40.75 per share, valued at $6.8 billion.  CACI has offered $44 per share in cash and stock.


    Shooting reported at Maryland high school: Local media

    New York: A shooting was reported at a high school in Maryland on Tuesday morning, the county sheriff said, adding that the incident had since been “contained,” ABC7 News reported.

    The shooting took place at Great Mills High School, and it was not clear whether there were injuries.


    Egypt court orders suspension of Uber, Careem licences: Judicial sources

    Cairo: An Egyptian court on Tuesday ordered the suspension of licences for ride-hailing companies Uber and Careem pending a lawsuit calling for them to halt services in Egypt, judicial sources said. 

    The case was initially filed by Egyptian taxi drivers. Tuesday’s decision can be appealed within 60 days, the sources said.


    US dollar edges up against rupee

    Mumbai: The US dollar edged higher against the rupee at 65.20/21 per dollar but the pound sterling finished lower at 91.33/35 per pound at the close of the Interbank Foreign Exchange (forex) market here today.

    Following are the Interbank forex and RBI rates : (In Rs per unit) Unit Interbank RBI Reference US Dollar 65.20/21US Dollar RS 65.1993 Pound Sterling 91.33/35EURO RS 80.4625 Euro 80.18/20 Japanese Yen (100) 61.21/23.


    WDM witnesses trade worth Rs 1,854.25 cr on NSE

    Mumbai: Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 1,854.25 crore in 45 trades.

    Top securities (nn-repo) traded at the WDM:  The 7.59 per cent Government security maturing in CG2026 traded value of Rs 250.00 crore at weighted yield of 7.84 per cent, the 8.24 per cent Government security maturing in CG2027 traded value of Rs 225.00 crore at weighted yield of 7.89 per cent and 7.17 per cent Government security maturing in CG2028 traded value of Rs 100.00 crore at weighted yield of 7.61 per cent, an NSE release said.


    FedEx to add 500 new locations in Walmart stores in 2 yrs

    FedEx Corp’s (FDX.N) unit said on Tuesday it would add 500 new locations within select Walmart Inc (WMT.N) stores across the United States in the next 24 months.

    The announcement comes after FedEx Office completed a pilot program spanning 47 locations within Walmart stores across six states. FedEx Office provides document and business services and retail access to the company’s package transportation businesses.


    Riyadh Arab Summit to take place April 15: Arab League chief

    Cairo: An Arab Summit in Riyadh where states will seek to prevent Israel from gaining a rotating seat on the UNSC will take place on April 15, the Arab League chief said in a statement on Tuesday.

    The summit was postponed from March because the original date clashed with Egypt’s upcoming presidential election, the Arab League said last month. Winning a Security Council seat requires a two-thirds majority in the 193-nation General Assembly. Candidates are proposed by the 5 regional groups but election to the council is voted on by the full assembly.


    China's Xi says ready to enhance communication with India

    Beijing: China is willing to keep up the good momentum of two-way cooperation with India, President Xi Jinping told Indian Prime Minister Narendra Modi in a telephone call on Tuesday, state news agency Xinhua said.

    China is ready to enhance communication with Modi on long-term, strategic bilateral issues to promote political mutual trust, Xi added.


    US safety agencies probing fatal self-driving Uber car crash

    Washington: The U.S. National Highway Traffic Safety Administration and the National Transportation Safety Board said Monday they are sending teams to Tempe, Arizona, to investigate an accident involving a self-driving Uber vehicle that killed a pedestrian. 

    Uber Technologies Inc said it had suspended its autonomous vehicle program across the United States and Canada. The NHTSA said in a statement it is “in contact with Uber, Volvo, federal, state and local authorities regarding the incident” and will take appropriate action. The safety board said in a statement on Twitter that it was also sending a team to probe the crash.


    China's Xi says ready to enhance communication with India

    Beijing: China is willing to keep up the good momentum of two-way cooperation with India, President Xi Jinping told Indian Prime Minister Narendra Modi in a telephone call on Tuesday, state news agency Xinhua said. 

    China is ready to enhance communication with Modi on long-term, strategic bilateral issues to promote political mutual trust, Xi added.


    Irish regulator 'following up' with Facebook on third party data use

    Dublin: Ireland’s Data Protection Commissioner, the lead regulator for Facebook in Europe, is “following up” with the U.S. internet giant to ensure its oversight of app developers using its data is effective, it said on Tuesday. 

    Britain is investigating whether Facebook did enough to secure data after reports that a political consultancy hired by Donald Trump improperly accessed information about 50 million Facebook users. “The Irish DPC is following up with Facebook Ireland in relation to what forms of active oversight of app developers and third parties that utilise their platform is in place with a view to ensuring it is effective,” the Data Protection Commissioner said in a statement.


    RBS Chief McEwan hopes to resolve Justice Department case in 2018

    London: Royal Bank of Scotland (RBS.L) hopes to reach a settlement with the U.S. Justice Department over alleged mis-selling of toxic mortgage-backed securities this year, its chief executive said on Tuesday, although it has no news on the timing of any deal. 

    “I’ve got the timing of this completely wrong for the last 15 months, I thought we would’ve had it tidied by end-2017... all I’d say (is) it will be in hopefully in 2018,” Ross McEwan said at the Morgan Stanley European Financials conference in London. The expected multi-billion-dollar settlement would be a key milestone for the state-owned lender, allowing it to resume paying dividends to shareholders and paving the way for the British government to resume selling its shares in the lender.


    Turkey condemns UN report on its state of emergency

    Istanbul: Turkey on Tuesday slammed a United Nations rights report on its state of emegency as rife with unfounded allegations and said the criticism chimed with propaganda efforts of terrorist organisations. 

    The report called on Turkey to end the state of emergency in place since July 2016, saying it had led to “massive and serious” human rights violations in the largely Kurdish southeast, including killings and torture. The report “contains unfounded allegations matching up perfectly with the propaganda efforts of terrorist organisations,” Turkey’s foreign ministry said in a statement.


    Slovakia's president to make statement, meet protesters on Tuesday

    Bratislava: President Andrej Kiska will make a statement on the country’s political situation at 11:45 a.m. (6.45 a.m. ET) on Tuesday, his office said, after demonstrations following the murder of an investigative journalist forced a government reshuffle. 

    Kiska is also due to meet organisers on Tuesday at 3:00 p.m (10 a.m. ET) of the country-wide protests, the biggest in Slovakia since the 1989 anti-communist rallies. Robert Fico, head of the ruling Smer party and prime minister for 10 of the last 12 years, resigned last week to try to keep his three-party coalition in power. To replace him, he has proposed deputy prime minister Peter Pellegrini, who submitted his cabinet nominations to the president on Monday.


    Three buses leave Russian embassy in London as expelled diplomats head to Moscow

    London: Three buses with diplomatic number plates left the Russian embassy in London on Tuesday as 23 diplomats who were expelled by Prime Minister Theresa May over a military-grade nerve toxin attack headed back to Moscow. 

    Russian embassy workers waved to the leaving diplomats and their families as the buses pulled away, a Reuters photographer at the scene said. Last Wednesday, after the first known offensive use of such a nerve agent on European soil since World War Two, May gave 23 Russians she said were spies working under diplomatic cover at the embassy a week to leave.


    Germany's economic outlook remains 'largely positive' despite risks: ZEW

    Berlin: German investors are still upbeat about the growth outlook for the German economy despite growing uncertainty linked to U.S. President Donald Trump’s trade threats, the ZEW institute said on Tuesday after its sentiment index plunged in March. 

    “Concerns over an U.S.-led global trade conflict have made the experts more cautious in their prognoses,” ZEW President researcher Achim Wambach said.Wambach said the stronger euro was also hampering the business outlook for German exporters, but he added that the outlook for the economy as a whole remained “largely positive”.


    UK rent-to-own firm to pay 2.1 million sterling redress package

    London: PerfectHome, a British rent-to-own company, has agreed a 2.1 million pound redress package that includes cash payments and write-offs for 37,000 customers, the Financial Conduct Authority (FCA) said on Tuesday. 

    The markets watchdog said the company’s affordability assessments did not adequately take into account customer circumstances, which led to customers being issued with loans they could not afford. PerfectHome, a trading name of Temple Finance Limited, provides household goods to customers on hire purchase agreements.


    Niki Lauda says still in talks with Lufthansa for wet lease

    Duesseldorf: Laudamotion is still in talks to lease crewed planes to Lufthansa’s (LHAG.DE) Eurowings, despite a deal for Ryanair (RYA.I) to buy into the Austrian leisure carrier, its CEO said on Tuesday.

    “The Eurowings and Lufthansa talks are continuing as planned,” Niki Lauda told journalists, adding he was also in talks over a block space deal that would see joint marketing of flights.


    Canada's Trudeau says will discuss US steel tariffs at Group of 7 meeting: Seoul

    Seoul: Canada’s Prime Minister Justin Trudeau said steel tariffs will be discussed at the upcoming Group of 7 summit in June, South Korea’s presidential office said on Tuesday after Trudeau had a phone call with South Korean President Moon Jae-in. 

    Trudeau was cited as saying Canada had been granted a temporary waiver on U.S. steel import tariffs and does not believe trade issues involving the United States have been resolved yet, the Blue House said.


    German investor morale plunges on US trade fears

    Berlin: The mood among German investors deteriorated further in March, a survey showed on Tuesday, reflecting growing uncertainty about the possible damage any U.S. import tariffs could inflict on Europe’s largest economy.   

    The ZEW research institute said its monthly survey showed economic sentiment among investors dropped to 5.1 from 17.8 in the previous month. This compared with the Reuters consensus forecast for a reading of 13.0. A separate gauge measuring investors’ assessment of the economy’s current conditions edged down to 90.7 from 92.3 last month. The Reuters consensus forecast was for a reading of 90.0.


    Buses pull up at Russian embassy as expelled diplomats prepare to leave London

    London: Two buses with diplomatic number plates arrived at the Russian embassy in London on Tuesday after Prime Minister Theresa May ordered 23 diplomats leave Britain in the wake of a military-grade nerve toxin attack on English soil. 

    A Reuters photographer outside the Russian embassy in London saw two buses arrive. Russian diplomats and children disembarked but have not left the embassy yet, the photographer said. After the first known offensive use of such a nerve agent on European soil since World War Two, May last Wednesday gave 23 Russians she said were spies working under diplomatic cover at the embassy a week to leave.


    RBI sets rupee reference rate at 65.1993 against US dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 65.1993 against the US dollar and 80.4625 for the euro. The corresponding rates were 65.0375 and 79.7750 yesterday.

    According to an RBI statement, the exchange rates for the pound and the yen against the rupee were 91.4942 and 61.33 per 100 yens, respectively, based on reference rates for
    the dollar and cross-currency quotes at noon.


    Demand for pizzas in Russia, Turkey lifts DP Eurasia's profit

    DP Eurasia, which operates the Domino’s Pizza brand in Turkey and Russia, reported 28.9 percent growth in annual core earnings on Tuesday helped by the expansion of its store network and rising like-for-like sales. 

    The company, which is Domino's fifth-largest master franchise, reported adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) of 96.8 million Turkish lira ($24.61 million) for the full year, compared with 75.1 million lira a year before. Its adjusted net profit, however, fell 39.4 percent to 21.7 million lira, driven by foreign exchange losses of 11.7 million lira, DP Eurasia said.


    Kremlin says Trump's failure to congratulate Putin not 'unfriendly act'

    Moscow: Moscow does not regard as an unfriendly act U.S. President Donald Trump’s failure to congratulate Russian President Vladimir Putin on his victory in Sunday’s presidential elections, the Kremlin said on Tuesday. 

    “We don’t consider this an unfriendly act. As you know, President Putin is open to normalising relations,” Kremlin spokesman Dmitry Peskov said on a phone call with reporters.


    UN calls for Turkey to revoke emergency decree, halt violations

    Geneva: The United Nations called on Turkey on Tuesday to end the state of emergency that it said had led to massive human rights violations including the arrest of 160,000 people and dismissal of nearly the same number of civil servants, often arbitrarily. 

    President Tayyip Erdogan declared the emergency after a failed July 2016 coup and issued more than 20 decrees which have often led to torture of detainees, impunity and interference with the judiciary, the U.N. human rights office said. Turkey should “promptly end the state of emergency and restore the normal functioning of institutions and the rule of law,” it said in a report.


    Russia says 65 percent of Syria's eastern Ghouta is free of rebels: RIA

    Moscow: Russian Defence Minister Sergei Shoigu said on Tuesday that 65 percent of territory in Syria’s eastern Ghouta had been “liberated from terrorists,” the RIA news agency reported. 

    His ministry said earlier on Tuesday that the total number of civilians, mostly children, who had been evacuated from the district since the start of a humanitarian operation has risen to 79,702.


    Saudi Prince Alwaleed says in talks with government on local co-investments: Bloomberg TV

    Dubai: Saudi Prince Alwaleed bin Talal, the chairman of Kingdom Holding 4280.SE, is in talks with the government’s Public Investment Fund about co-investments inside the kingdom, he told Bloomberg TV in an interview that was aired on Tuesday. 

    Prince Alwaleed said the talks had begun before his detention at Riyadh’s Ritz-Carlton in an anti-corruption drive, and focused around putting his Four Seasons hotel in the fund’s Red Sea Project and entertainment district outside Riyadh. The prince also said Kingdom Holding was on the verge of getting between $1 billion and $2 billion in financing facilities for new investments.


    BOJ new deputy gov Amamiya: not in deflation but price goal still distant

    Tokyo: Japan is no longer in deflation but consumer prices still have not reached the Bank of Japan’s 2 percent inflation target, one of the Bank of Japan’s two new deputy governors said on Tuesday.

    Masayoshi Amamiya, newly appointed as deputy governor to the BOJ, also told reporters that he wanted to measure both the benefits and side-effects of the BOJ’s quantitative easing. The new deputy governors were approved last week in parliament, where Prime Minister Shinzo Abe’s ruling coalition holds a comfortable majority in the both chambers.


    UK investigating Facebook's response to alleged data breach

    London: Britain’s data protection authority is investigating whether Facebook responded robustly to reports that political consultancy Cambridge Analytica improperly gained access to data on 50 million of its users.

    Britain’s Information Commissioner Elizabeth Denham is seeking a warrant to search the offices on Tuesday of the London-based firm as part of a wider probe into the use of personal data. “We are looking at whether or not Facebook secured and safeguarded personal information on the platform and whether when they found out about the loss of the data they acted robustly and whether or not people were informed,” she told BBC Radio.


    BOJ new deputy gov Wakatabe: to ease further if necessary

    Tokyo: One of the Bank of Japan’s two new deputy governors, Masazumi Wakatabe, said on Tuesday that the central bank must avoid making a premature shift in policy but should ease further without hesitation if it became necessary. 

    Wakatabe said he would steadily pursue policy to achieve the BOJ’s 2 percent inflation target in a stable manner. Wakatabe is an academic known as vocal advocate of aggressive monetary stimulus. He and career central banker Masayoshi Amamiya were approved for the deputy posts last week in parliament.


    Ryanair expands in Germany, Austria with Laudamotion stake buy

    Berlin: Ryanair plans to buy a stake in new Austrian leisure carrier Laudamotion, helping Niki Lauda to get the airline up and running and giving Ryanair a bigger foothold in Germany and Austria.

    Ryanair has agreed to buy an initial 24.9 percent stake in Laudamotion, formed out of the insolvent Niki carrier that was part of Air Berlin, and plans for that to rise to 75 percent “as soon as possible”, subject to EU approval. The Irish low cost carrier will invest under 50 mn euros ($61.7 mn) in the purchase, though will also provide an additional 50 million euros in funding for start-up and operating costs in the first year.


    N Korea denuclearisation not on agenda in Helsinki talks: Finnish foreign min

    Helsinki: Denuclearisation is not on the agenda in the meeting with North Korean, South Korean and American delegations taking place in Helsinki, Finnish foreign minister Timo Soini said on Tuesday.

    “This is a so-called 1.5 track meeting with academics and officials, with Finland only a facilitator ... But since we talk about 1.5 track, I think there will be no talk about nuclear weapons," Soini said.


    Videocon Industries exits insurance business

    India’s Videocon Industries Ltd said on Tuesday it sold its entire stake in its joint venture with U.S.-based Liberty Mutual Insurance Group to Diamond Dealtrade Ltd and Enam Securities Pvt Ltd.

    Videocon, which had a 51.32 percent stake in the venture, Liberty Videocon General Insurance Company Ltd, sold 26 percent stake to DP Jindal Group’s Diamond Dealtrade and the remaining to Enam Securities. The JV will change its name to Liberty General Insurance Company Ltd.


    Steinhoff says considering all options to help cut debt

    Johannesburg: Crisis-hit South African retailer Steinhoff (SNHJ.J) (SNHG.DE) said on Tuesday it is considering “all of its options” in order to support its liquidity after a report on Monday that the retailer could sell a stake in its African unit.

    The sale of shares in Steinhoff Africa Retail (SRRJ.J), in which Steinhoff owns a 77 percent stake, would come through an accelerated bookbuild, Bloomberg said, quoting unnamed sources familiar with the matter.


    DUP not concerned by Brexit transition deal - source

    Belfast: Northern Ireland’s Democratic Unionist Party is not concerned by the British government’s commitment on Monday to a “backstop” solution to avoid a hard post-Brexit border as no final agreement has been made, a party source said.

    “There is nothing from today’s announcement to concern us. The border issue has not been resolved at this stage and we didn’t expect it to be,” the source said.


    Rajya Sabha adjourned for the day

    New Delhi: The Rajya Sabha was adjourned for the day on Tuesday amid pandemonium created by the opposition parties over different issues soon after Chairman M. Venkaiah Naidu took up Zero Hour.


    Wood Group sees modest growth in core profit this year

    Oilfield services company John Wood Group Plc (WG.L), which bought smaller rival Amec Foster Wheeler last year, forecast modest growth in core profit for 2018 after reporting an 11.1 percent fall in full-year earnings.

    The company said earnings before interest, tax and amortization fell to $598 million, from $673 million a year earlier, on a pro forma basis, as its core oil and gas business remained challenging.  Revenue fell 12 percent to $9.9 billion on a pro forma basis.


    Russia says 79,702 civilians evacuated from Syria's eastern Ghouta

    Moscow: The total number of civilians, mostly children, who have been evacuated from Syria’s besieged eastern Ghouta district since the start of a humanitarian operation has risen to 79,702, Russian defence ministry said on Tuesday.

    It said in a statement posted on its website that on Monday, 6,046 civilians left the district via humanitarian corridors.


    No change in foodgrain prices

    Chennai: Prices of all commodities remained unchanged on the second day in the wholesale foodgrain market here today.

    Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise):Thoor Dal Rs 7,200, Urad Dal Rs 6,700, Moong Dal Rs 7,200, Gram Dal Rs 4,900, Sugar Rs 3,500, Wheat Rs 2,700, Maida (90 kg) Rs 2,600 and Sooji (90 kg) Rs 3,000. 



    South Africa appoints acting commissioner for revenue service

    Johannesburg: South Africa on Tuesday appointed Mark Kingon as acting Commissioner for its revenue service following the suspension of Tom Moyane, the Treasury said in a statement.

    President Cyril Ramaphosa suspended Moyane on Monday pending disciplinary action, citing a deterioration in public confidence in the South African Revenue Service.


    Prince Alwaleed's Kingdom Holding likely to spin off assets: Bloomberg

    Dubai: Saudi Arabian investment firm Kingdom Holding is likely to split its $13 billion of assets through a spin-off of domestic property and other holdings, its billionaire chairman Prince Alwaleed bin Talal said. 

    Prince Alwaleed also told Bloomberg in a television interview that he was working with advisors, including Goldman Sachs, to look for investments as large as $3 billion for Kingdom.



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