Peru political crisis thrusts engineer-turned-diplomat into power

Mar 24 2018 | 12 hrs ago

Until this week, Martin Vizcarra led a quiet life as Peru’s ambassador to Canada, overseeing the two nations’ friendly relations from Ottawa, the Canadian capital.

Barrick Gold cuts 2017 compensation for top two executives

Mar 24 2018 | 12 hrs ago

Barrick Gold Corp cut the 2017 compensation for its top two executives to reflect a challenging “shareholder experience” and operations at some mines.

End to Boeing trade case good news for aerospace: Bombardier

Mar 23 2018

Boeing Co’s decision to end its trade case over the sale of Bombardier CSeries jets to U.S. carriers is good news for the aerospace industry and the public.

Trump temporarily excludes EU, six other allies from steel tariffs

Mar 23 2018

Trump has temporarily excluded six countries, including Canada and Mexico, and EU states from higher US import duties on steel and aluminium meant to come into effect.

Boeing will not appeal trade case against Bombardier: spokesman

Mar 23 2018

Boeing will not appeal against the US trade commission ruling that allows Canada’s Bombardier Inc to sell its newest jets to U.S. airlines without heavy duties.

Little sign of trade war panic in European equities

Mar 22 2018

As Trump’s trade agenda turns from steel imports to Asian tech and intellectual property, a global trade war is now seen as the most serious risk for global investors.

BlackBerry to provide software for Jaguar Land Rover EVs

Mar 22 2018

BlackBerry, Jaguar Land Rover said they reached a licensing agreement to use the Canadian company’s software in the luxury car brand’s next-generation electric vehicles.

US drops auto-content proposal in NAFTA talks: The Globe and Mail

Mar 21 2018

US govt has dropped a demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50% US content, The Globe and Mail reported.

WTO members say US actions threaten trade body's credibility

Mar 20 2018

Nearly 50 countries expressed concern about “serious threat” to WTO posed by unilateral trade actions, a pointed reference to US tariffs that have caused a global outcry.

UAE seeks exemption from US tariffs on steel, aluminum

Mar 20 2018

The United Arab Emirates is asking Washington to exempt it from new US tariffs on aluminum and steel and believes it has a strong case, a senior government official said.

Indian Markets


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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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