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Acquired New ship to enhance capacity in West Coast of India for Rs 48.8cr

TCI Seaways already has an existing capacity of 5 ships with a DWT @37360

The new ship is with a DWT 26262 and can hold 766 containers

Each container will be carrying capacity of 30 tonnes


QIP Opens Today; Floor Price Set At Rs 227.15/Share


Infra to bid for Rs 190 bn UP road project

A total of 12 firms are eligible for bidding

According to sources, the financial bid of these companies would be opened next week, probably on March 28

Reliance, PNC Infratech, NCC), L&T, BSCPL Infrastructure (formerly B Seenaiah & Company (Projects)), Sadbhav Engineering, Oriental Structural Engineers, Ashoka Buildcon, KNR Constructions, Apco Infratech, Gayatri Projects, Afcons Infrastructure have been found eligible for financial bids

A consortium led by State Bank of India (SBI) would give a credit line of Rs 150 billion for the project

Business Standard Reports 


Lowest bidder for 2 Projects in NH 753J worth Rs 448 Cr


IndiGo- Qatar to make joint bid for Air India

Indigo said its first priority would be to buy the overseas flights of Air India

Acquiring Air India will lead to a majority market share of more than 50%

Financial Express Reports


    33,135.24 138.48   (0.42 %)

    10,154.75 30.40   (0.30 %)
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Overseas borrowing to derail Bhushan bids?

News In Brief


    Israeli minister says 2007 strike on suspected Syrian reactor a message to Iran

    Jerusalem: Israel’s 2007 bombing of a suspected Syrian nuclear reactor was a message to Iran that Israel would not allow it to obtain nuclear weaponry, the Israeli intelligence minister said on Wednesday. 

    “The operation and its success made clear that Israel will never allow nuclear weaponry to be in the hands of those who threaten its existence - Syria then, and Iran today,” Minister Israel Katz said on Twitter after Israel officially admitted for the first time that it carried out a 2007 air strike on the Al-Kubar site in Deir al-Zor.


    Suicide bomber kills at least 26 in Kabul: Official

    Kabul: At least 26 people were killed and 18 wounded when a suicide bomber blew himself up in the Afghan capital, Kabul, on Wednesday, an interior ministry spokesman said. 

    The explosion, near a Shi’ite shrine in the west of Kabul, came as the city was celebrating the Nawruz holiday marking the start of the Persian new year.


    Deutsche Bank narrows price range of DWS IPO, valuing unit up to 6.6 billion euros

    Frankfurt: Deutsche Bank (DBKGn.DE) narrowed the price range of the initial public offering of its asset management unit, DWS, valuing it at as much as 6.6 billion euros ($8.10 billion), a bookrunner said on Wednesday.

    The new price range is between 32 and 33 euros per share, compared with an initial price range of 30 to 36 euros per share that would have valued DWS at as much as 7.2 billion euros.


    RBI sets rupee reference rate at 65.2162 against US dollar

    Mumbai: The Reserve Bank of India today fixed the reference rate of the rupee at 65.2162 against the US dollar and 79.9616 for the euro. The corresponding rates were 65.1993 and 80.4625 yesterday.

    The according to an RBI statement, the exchange rates for the pound and the yen against the rupee were 91.3288 and 61.28 per 100 yens, respectively, based on reference rates for the dollar and cross-currency quotes at noon. The SDR-rupee figure will be based on this rate, the statement added.


    China names CBRC chief Guo as head of new banking, insurance regulator: Caixin

    Beijing: China has named Guo Shuqing as the head of the newly formed regulator for the banking and insurance sectors, financial publication Caixin reported on Wednesday without citing a direct source.

    Guo had been the head of the China Banking Regulatory Commission, which was merged with the China Insurance Regulatory Commission as part of a broader government reshuffle approved by parliament last week.


    Explosion heard in Afghan capital Kabul: Reuters witnesses

    Kabul: An explosion was heard in Kabul on Wednesday, Reuters witnesses said, as the Afghan capital celebrated the Nawruz holiday marking the start of the Persian new year.  There was no immediate word on the cause of the blast or any damage or casualties.


    Russia's Rosatom says committed to start Turkish Akkuyu plant in 2023

    Moscow: Russian state nuclear company Rosatom plans to launch the Akkuyu nuclear plant in Turkey in 2023, it told Reuters, adding that the talks with potential new investors are not expected to affect the construction timetable. 

    “Rosatom categorically rejects speculation that any changes to the composition of the local ownership structure in the Akkuyu project have any bearing on the timetable of its implementation,” Rosatom said in a statement.“We are doing our utmost to speed up the first unit’s construction based on following the strictest safety regulations and the request of the Turkish Party to achieve physical start-up of the first unit of the NPP (nuclear plant) in 2023”.


    Shell sees downstream annual organic free cash flow of $6 billion to $7 billion by 2020

    Oil major Royal Dutch Shell (RDSa.L) said it expects to generate $6 billion (£4.3 billion) to $7 billion annual organic free cash flow by 2020 for its downstream business.

    The Anglo-Dutch company said it plans to invest $7 billion to $9 billion a year across the business and expects to deliver a return on average capital employed of more than 15 percent.  


    Fed approves Charles Schwab bid to acquire Nevada's Charles Schwab Trust Bank

    Washington: The Federal Reserve said on Tuesday it approved an application of Charles Schwab Corp to acquire Charles Schwab Trust Bank of Henderson, Nevada. 

    The state-chartered bank is a newly formed “de novo” bank, created by Schwab in an effort to expand its banking presence in the Las Vegas market. The Fed board approved the acquisition by a vote of 3-0.


    No change in foodgrain prices

    Chennai: Prices of all commodities remained unchanged on the third 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.


    Former PBOC government: China will continue to adopt proactive fiscal, neutral monetary policies

    Beijing: China will continue to adopt a proactive fiscal policy and prudent and neutral monetary policy, the country’s former central bank governor said during the meeting of the Group of 20 finance ministers and central banks. 

    The People’s Bank of China (PBOC) published a statement on Wednesday carrying the remarks by Zhou Xiaochuan, who attended the G20 meetings in Argentina. China’s parliament on Monday appointed Yi Gang, who had been serving as a PBOC vice governor, to replace Zhou.The PBOC’s statement on Wednesday still referred to Zhou as the central bank’s governor.



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