China’s Nio has hired 8 banks including Morgan Stanley and Goldman Sachs to work on a planned US stock market listing this year worth up to $2 billion.
BASF was aiming for a gain of up to 10% in group operating profit this year as it bets on a rebound in specialty chemicals to offset an expected weaker performance.
BSE Sensex gained over 132 points to 34,578.39 in early trade today, rising for the third straight session today on buying by DIIs amid strong global cues.
Inflation is expected to trend higher and though RBI may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a UBS report.
India's economic recovery is expected to have gathered momentum and GDP growth for the Dec quarter is likely to have accelerated to 7%, says a report.
Monetary Policy Committee's next move will likely be a rate hike but this will not be taken up immediately as a recovery is still at nascent stage, says Morgan Stanley.
PNB, will need to honour the “bonafide” transactions that have occurred through the bank’s platform, a finance ministry official said.
The Reserve Bank is expected to be in wait-and-watch mode in the near term, and is likely to maintain status quo, through the first half of this year, says a report.
Citigroup Inc raised CEO Michael Corbat’s annual compensation by 48 percent to $23 million for 2017, a year in which the bank made more money from operations.
Goldman Sachs Group Inc’s trading division was caught “wrongfooted” last year, bracing for a return of volatility that did not materialise on financial markets.
Provident Housing Ltd enters Goa with Adora de Goa an Integrated Resort distric
Project is expected to deliver a Sales Volume of close to Rs 1000 cr over the next 5 years
Group is entering into a management contract with The Park Hotels
Rare Enterprises Buys 3 Cr Shares At Rs 18.37/Sh
Attracts 26 bidders for 51% stake quoting bids between Rs 8000-10,000 Cr
Firms such as ITC, Patanjali Ayurved, Emami Group and Aion Cap are among the bidders
Bidders are bullish on the sector after Govt raise import duties on certain vegetable oils
The govt announced in the budget a hike in import duty to 30-35%
TPG Cap and Manipal Health are eyeing controlling stake in the co
Likely to lead to 2 simultaneous open offers leasing to premium offers to attract investors
Will have to buy at least 26% stake through Voluntary open offer as part of takeover code
A 26% shareholding will automatically trigger the mandatory open offer for additional 20%
Business Standard Reports
TRAI issues show-cause notice to co
Seeks details of non-transparent, discriminatory tariffs to consumers
Have to respond till Mar 25
Action to depend on if tariff reported to regulator or not
Notice first one after TRAI issued tariff order on predatory pricing
Economic Times Reports