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Porsche to launch electric vehicle in India in early 2020

Feb 25 2018 | 38 mins ago

Luxury car maker Porsche, part of the Volkswagen group, will launch an electric vehicle (EV) in India in the beginning of 2020, a company official said.

Bank of America Corp takes aim at gun-making clients

Feb 25 2018 | 48 mins ago

Bank of America became the latest financial heavyweight to take aim at gunmakers, it would ask clients who make assault rifles how they can help end mass shootings.

PNB scam, global cues spur Rs10,000 cr FPI sell-off in Feb

Feb 25 2018 | 1 hrs ago

Foreign investors have pulled out nearly Rs 10,000 crore from the Indian stock market so far this month primarily due to PNB fraud jitters coupled with global cues.

Cambodia votes in Senate election, PM's party expected to win

Feb 25 2018 | 2 hrs ago

Voting got under way in Cambodia in a Senate election that the ruling party of Prime Minister Hun Sen was expected to sweep following a crackdown on opposition.

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.

PM flags off first flight from Daman & Diu to Ahmedabad

Feb 24 2018

Narendra Modi flagged off the first flight connecting the Union Territory of Daman and Diu with Ahmedabad under the Udaan Scheme besides projects worth Rs 1,000 crore.

PM Modi launches subsidised 'Amma' two-wheeler scheme in TN

Feb 24 2018

Prime Minister Narendra Modi launched the subsidised scooter scheme for working women on the 70th birth anniversary celebrations of late leader Jayalalithaa.

Chidambaram moves SC for protection of fundamental rights

Feb 24 2018

Senior Congress leader P Chidambaram has approached the Supreme Court seeking protection of his fundamental rights, including the right to privacy.

Modi launches Rs 1000-cr development schemes for Daman & Diu

Feb 24 2018

PM Modi launched development schemes worth Rs 1,000 crore for Daman and Diu, and also inaugurated a flight connecting Ahmedabad to coastal town of Diu.

Fix accountability within 60 days in bank frauds case: Cong to PM

Feb 24 2018

The Congress said the PM should assure the nation that accountability of finance ministry, the RBI and the management of defaulting banks would be fixed within 60 days.

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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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