BANK OF AMERICA MERRILL LYNCH
DMart plans Rs 6,200 crore QIP to meet Sebi holding norm
Avenue Supermarts promoter Damani has to pare his 80.21% stake to comply with the SEBI’s minimum public shareholding rule for listed companies. This stipulates that promoters cannot own more than 75%.
Bank of America beats on bond trading boost, loan growth
Bank of America reported a 25% rise in bond trading revenue, although that was far s...
Time for a rethink on monetary policy: Has inflation targeting failed?
CPI climbing to a 64-month high has brought back the question: is mone...
Goldman Sachs profit misses estimates on higher costs, weak M&A
The bank's net earnings applicable to common shareholders fell to $1.72 billion in the quarter ended Dec. 31 from $2.32 billion a year earlier.
After Iran, UCO Bank may be chosen to pay Russia
India is set to change the bank it uses to make payments for Russian arms and is likely to route the money through UCO Bank, which is also being used to carry out trade with Iran.
Airtel kicks off $3-billion fundraiser for AGR dues
In a statement to stock exchanges on Wednesday, the telco said it plans to raise $2 billion through a qualified institutional placement (QIP) of equity shares, and $1 billion via foreign currency convertible bonds (FCCBs), including a $250 million ‘upsize’ option.
Bharti Airtel launches QIP to raise $2 billion, FCCB of $1 billion
The fundraising has come at a time when the company has to pay Rs 35K cr of statuary dues.
Stocks in the news: YES Bank, Asian Paints, Tata Global and Bharti Airtel
Australia’s Paradice Global sold 33.88 lakh shares of Tata Global through a bulk deal
Boeing document dump shows 'disturbing' picture on 737 MAX: Official
Boeing had decided to brush off safety concerns and to keep flying the 737 MAX after the first crash.
Why being a part of the global value chain matters for India
Global value chains create more and better jobs, accelerate economic growth and reduce poverty.
Buy growth, ditch defensives in 2020: Deven R Choksey
In April 2018, Sebi classified stocks into smallcaps, midcaps and largecaps. They should do away with that.
Growth in India projected to 'decelerate' to 5% in 2019-2020: World Bank
India's GDP growth is seen dipping to an 11-year low of 5 per cent in the current fiscal, mainly due to poor showing by manufacturing and construction sectors, government data showed. It said tighter credit conditions in the non-banking sector are contributing to a substantial weakening of the domestic demand in India.
Wall Street battles upstarts in hunt for Silicon Valley rich
Fourteen San Francisco-area companies that began trading publicly last year have raised more than $15 billion, led by Uber Inc.’s $8.1 billion and Lyft Inc.’s $2.3 billion. Expand that to include the 16 other Bay Area firms that have gone public and the amount jumps to more than $20 billion.
SoftBank in talks to sell majority stake in India renewables JV
It is considering various options, ranging from an outright sale of its 70% stake to a majority stake sale.
RBI to cut rates by 40 bps by Feb despite high inflation
The consumer price inflation fastened to 4.62 per cent for October.
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