Toxic gases from Indonesian volcano send 30 to hospital

Mar 22 2018

An Indonesian volcano belched thick clouds of sulphuric gas, sending 30 people to hospital and prompting the closure of the popular tourist and mining site.

Rupee, rupiah seen vulnerable to US rates, tantrums not expected

Mar 22 2018

Rising US interest rates are considered likely to undermine the high-yielding Indian rupee and Indonesian rupiah.

'Democracy retreating in SE Asia, India must play bigger role'

Feb 26 2018

India, which is increasing linkages with the region, must play a greater role to shore up democracy in Southeast Asia.

Go-Jek raises $1.5 bn as ride-hailing market heats up: sources

Feb 26 2018

Go-Jek has raised a higher than targeted $1.5 bn in a fundraising round from a dozen investors including BlackRock, Google, as the ride-hailing firm builds its war chest

IMF calls on Indonesia to boost growth rate to absorb workers

Feb 26 2018

Lagarde called on Indonesia to boost its potential growth rate and channel revenues to more development spending to help create jobs for its growing labor force.

Hindi support coming to Google Assistant soon soon

Feb 24 2018

Google Assistant is set to get smarter as the company makes it ready to be multilingual and be available in more than 30 languages, including Hindi, by end of this year.

Indonesian president nominates Perry Warjiyo to head central bank

Feb 24 2018

Indonesian President Joko Widodo has nominated Perry Warjiyo, a deputy governor at Bank Indonesia (BI), as his nomination for central bank governor.

Train shortage, power demand to drive resurgence in India coal imports

Feb 22 2018

Caught between logistical bottlenecks and surging demand from power plants, India will likely increase coal imports in 2018, industry executives said.

Indonesia landslide on Java island kills five, over a dozen missing

Feb 22 2018

A landslide on Indonesia’s heavily populated island of Java killed five people and left more than 15 people missing, an official at the country’s disaster agency said.

India's medium-term potential growth above 7 percent: UBS

Feb 21 2018

India's medium-term potential growth is likely to be above 7%, backed by policy reforms, higher investments and stable global growth environment, says an UBS report.

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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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