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To Consider Fund Raising Via Shares, Bonds On May 24


Adani-Wilmar JV Competes Patanjali To Buy Entire Stake Of Co

Deal Valued At Around Rs 5,000 Cr

Economic Times Reports


Fortis Faces MCA Probe ahead of EGM

Director General to look into mismanagement charges

3 Directors nominated by promoters to quit the Board on May 22

Govt may take over the co if mismanagement reported

Business Standard Reports


Bharti's Cedar Svcs May Sell Stake Of 9.23% In Future Retail & Ent

Deal Size Valued At Rs 2,500 Cr

Economic Times Reports


Acquires Foodworld Supermarkets At Rs 40 Cr

Foodworld OSouthern India

Expects acquisition to be completed within 10-12 weeks


    34,638.96 22.83   (0.07 %)

    10,528.85 12.15   (0.12 %)
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SBI likely to post loss in Q4

News In Brief


    Venezuela foreign minister says new US sanctions are illegal

    Caracas: Venezuela on Monday said new U.S. sanctions restricting its ability to liquidate state assets and debt in the United States were “illegal measures.” “(The sanctions) are madness, barbaric, and in absolute contradiction to international law,” Foreign Minister Jorge Arreaza said in a short statement at the Miraflores presidential palace. 

    In response to Venezuelan President Nicolas Maduro’s re-election on Sunday, U.S. President Donald Trump issued an executive order, the latest in a series of sanctions that seeks to choke off financing for the already cash-strapped government.


    BOJ deputy governor Wakatabe: May need to shift policy depending on economic changes

    Tokyo: Bank of Japan Deputy Governor Masazumi Wakatabe said on Tuesday the central bank may need to shift monetary policy if changes in the economic environment make its current policy inappropriate.

    “My feeling now is that we can achieve our inflation target with the current policy,” Wakatabe, a former academic known as a vocal advocate of aggressive easing, told parliament.  “But that’s my view now. If conditions change and our current policy becomes inappropriate, we may need to change policy,” he said.


    Sberbank to sell stake in Denizbank to Emirates NBD for $3.2 billion

    Moscow: Russia’s Sberbank said on Tuesday it had signed a definitive agreement on selling its 99.85 percent stake in Turkey’s Denizbank (DENIZ.IS) to Emirates NBD for 14.6 billion Turkish lira ($3.2 billion). 

    The closing of the transaction is subject to regulatory approval in Turkey, Russia, the United Arab Emirates and other relevant jurisdictions where Denizbank operates. The transaction is expected to close in 2018. Sberbank also said Emirates NBD will pay interest on theconsideration for the period between Oct. 31, 2017 and the transaction closing date.


    BOJ Kuroda: Will telegraph exit plan if prospects for hitting price goal heighten

    Tokyo: Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank will telegraph to markets how it plans to exit from its ultra-easy policy when prospects for hitting its price goal heighten. 

    But he said conditions are not rife yet for the BOJ to debate a specific timing for whittling down its massive stimulus programme.  “The BOJ won’t end the ultra-easy policy before inflation reaches 2 percent,” Kuroda told parliament.


    Magnitude 5.6 quake strikes near Guam: USGS

    A Magnitude 5.6 quake struck close to the U.S. territory of Guam in the Pacific Ocean on Monday morning, the U.S. Geological Survey said.

    The quake, initially reported as a magnitude 6.0, struck at 10:26 a.m. (8:26 EDT/0026 GMT) some 54 miles (87 km) southeast of the island of Guam.


    US, China nearing deal to remove US sales ban against ZTE: Sources

    Beijing: Washington and Beijing are nearing a deal that will remove an existing order banning U.S. firms from supplying telecommunications firm ZTE Corp, two people briefed on the talks said.

    The sources, who declined to be identified because the negotiations were confidential, also told Reuters the deal could include China removing tariffs on imported U.S. agricultural products as well as buying more of them.



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