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New NAFTA talks aim to clear pathway to toughest issues

Feb 25 2018 | 20 mins ago

Mexico, Canada aim to finish reworking less contentious chapters of the NAFTA trade deal with the United States in new talks beginning.

Delta, United Airlines become latest companies to cut NRA ties

Feb 25 2018 | 2 hrs ago

Delta, United Airlines became the latest major corporations to sever marketing ties with the National Rifle Association as the fallout from massacre at a Florida school.

US preparing for massive cyber war, says North Korea

Feb 25 2018 | 6 hrs ago

North Korea has accused the US of secretly making preparations to wage a large-scale cyber war on Pyongyang prior to a military attack.

UN Security Council approves Syria ceasefire resolution

Feb 25 2018 | 7 hrs ago

The UN Security Council has unanimously approved a resolution demanding a 30-day ceasefire in Syria.

Jaitley to address Jammu university convocation next month

Feb 24 2018

Union Finance Minister Arun Jaitley will deliver the 17th convocation address at the University of Jammu next month, a varsity official said.

Shops to be open till midnight on March 8 as protest against sealing

Feb 24 2018

The Confederation of All India Traders (CAIT) said markets in the national capital will remain open till midnight on March 8 as a mark of protest against sealing drive.

Rupee cracks to fresh multi-month low on capital flight fears

Feb 24 2018

The rupee took a severe beating against the US dollar to end at a fresh three-month low of 64.73 as capital flight fears.

China exports barely any fuel to North Korea in January: Customs

Feb 24 2018

China exported barely any fuel to North Korea in January, deepening months-long cuts in trade with North Korea amid growing tensions over nuclear and missile program.

Shell to shut Convent gasoline unit in June for overhaul: Sources

Feb 24 2018

Royal Dutch Shell Plc plans to shut the gasoline-producing unit at its 227,586 barrel-per-day (bpd) Convent, Louisiana, refinery for a planned overhaul.

GE says it may face US action over subprime mortgage operations

Feb 24 2018

GE faces potential action over allegations that its GE Capital unit and now defunct WMC Mortgage Corp unit violated U.S. law in connection with subprime mortgages.

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Global Markets

 

Stocks In News

 

ULTRATECH CEMENT

Ultratech Cement leads race to take over Binani Cement

Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors

Dalmia Bharat offers Rs 6,300 Cr

Dalmia seen to lose as UltraTech offering equity stake to creditors

Final decision on winner to be ratified by NCLT

Business Standard Reporst

IRB INFRA

4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model

Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray

NHAI hopes to generate more than Rs 6000 cr Under TOT model

auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km

Successful bidder to get toll collection rights for 30 years

BALAJI AMINES

Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide

Recommend duty for 5 Yrs on DMAC originating from China and Turkey

ADANI TRANSMISSION

Co bags Rajasthan Project

Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan

Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation

With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets

On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation

Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations

FORTIS HEALTHCARE

To be out of F&O if it does not declare quarterly results by March 1

All existing F&O contracts will expire on March 28

No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1

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