Deutsche Bank-led group a step closer to Jindal India deal
The sector has been hit hard by oversupply in recent years, a consequence of a costly push to bridge India’s once chronic power deficit and expand reach to under-supplied rural areas. Power generators form a significant chunk of India’s $130 billion bad loan pile.
Crypto trading legitimate biz, lobby group tells Apex court
Advocate Ashim Sood argued that crypto currencies were more like commodities rath...
ZEE clears air on share pledge, but clarity on growth tougher
The company’s business fundamentals appear to be more or less intact over the p...
Arbitration tribunal restrains Bidvest from selling its stake in MIAL until further order
The arbitration tribunal was hearing the case after the Supreme Court in December had directed it to take a call on the sale of Bidvest’s 13.5% stake in Mumbai International Airport (MIAL).
Australia shares extend gains; miners shine on metal prices
The S&P/ASX 200 index touched a fresh peak of 7,092.50 points before paring some gains to finish at 7,079.50, a new record closing high.
Brokerages find TCS valuations expensive post Q3 results; stock falls 2%
Kotak Institutional Equities maintained ‘Reduce’ rating on TCS with a fair value of Rs 2020. However, it said that TCS is a must have in the portfolio at the right valuation. Edelweiss Securities maintained ‘Hold’ rating on the stock with a target price of Rs 2,175. “The stock’s expensive valuation (22.9x FY21E EPS) compels us to retain ‘Hold’,” the brokerage house said.
Retail stocks set for re-rating as consumer spends improve
Growth in the retail sector is expected to pick up in the first half of fiscal 2021.
Dalio, Dimon and 117 other billionaires set to descend on Davos
The event retains its enduring status as the premier networking hub for the world’s wealthiest
Eros Group to invest Rs 250 crore on new housing project in Faridabad
New Delhi, Jan 15 () Realty firm Eros Group said it will invest Rs 250 crore to develop a new luxury housing project in Faridabad, Haryana.
Transport ministry to help states set up vehicle tracking system
This comes after states made little progress in setting up these centres, which was to be done following a Supreme Court ruling that mandated all public transport vehicles to have vehicle tracking systems and emergency buttons. The features were mandated from January 1, 2019.
Sikhs to be counted as separate ethnic group in US census for first time
President of the Sikh Society of San Diego Baljeet Singh said the Sikh community's efforts have come to fruition. "This has paved the way forward nationally not only for the Sikh community but also for other ethnicities in the United States," he said.
Gold firm but hemmed in tight range; set for worst week in 2 months
US gold futures rose 0.4 per cent to $1,556.90.
CK Birla group firm NEI acquires Slovakia-based Kinex Bearings
The company, a leading bearing manufacturer in the country, has acquired Kinex through its Europe-based subsidiary. Size of the deal was however not disclosed by NEI. The transaction is in line with the company's strategy to augment its product portfolio, expand geographic footprint as well as serve the existing customers better and acquire new ones.
Steve Smith makes hundred as Australia set India 287-run target to win series
Apart from Smith, who raised his ninth ODI hundred, young Marnus Labuschagne (54) also batted well after the visitors opted to bat. Down the order, Alex Carey contributed 35 runs though he could not make the most of his start. For India, pacer Mohammed Shami (4/63) and spin all-rounder Ravindra Jadeja (2/44) shared six wickets between them.
Rane Engine posts Q3 net loss at Rs 5 crore
The total net revenue for the nine-month period ending December 31, 2019 stood at Rs 281.6 crore
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service