Page 2558 - Business Finance
Comcast says Sky shareholders have until October 6 to accept offer
(Reuters) - Comcast Corp's bid of 14.75 pounds for each Sky share will now remain open for acceptance until early October, the U.S. cable giant said on Wednesday, adding that it has received valid acceptances for shares representing 0.29 percent of Sky Plc to date.
Fuel prices unchanged on Wednesday, down Re 1 in Kolkata
Transport fuel prices were kept unchanged on Wednesday after breaching record levels continuously for over a week, except in Kolkata where rates actually fell following the state government's decision of an excise cut.
Brent reaches $80 a barrel after U.S. crude stock draw
NEW YORK (Reuters) - Oil futures rose on Wednesday, with Brent reaching $80 a barrel, after a larger-than-expected drop in U.S. crude inventories and as U.S. sanctions on Iran added to concerns over global oil supply.
Investor Education and Promotion Fund unveils new logo
The Investor Education and Promotion Fund (IEPF) Authority on Wednesday unveiled its new logo symbolising its focus on using technology to provide time-bound services.
August inflation down at 3.69%, July industrial output eases (Roundup)
Lower food prices eased India's August retail inflation to 3.69 per cent from 4.17 per cent in July, while industrial output in July slowed with a lower rise of 6.6 per cent compared with 6.87 per cent in June, official data showed on Wednesday.
Tech stocks pressure Wall Street; Apple down ahead of event
(Reuters) - The Nasdaq fell on Wednesday, weighed down by a drop in Apple on fears of further regulation, while a rise in energy stocks and a report of fresh U.S.-China trade talks helped keep the S&P afloat and boost Dow Industrials.
Exclusive: Deutsche Bank weighs overhaul that could make deals easier - sources
FRANKFURT (Reuters) - Deutsche Bank is considering an overhaul to loosen the bond between its retail and investment banks, according to three people with knowledge of the matter, a move that could make it easier to merge some or all of the group with rivals.
L'affaire Kochhar dominates ICICI Bank annual general meeting
The saga of Chanda Kochhar dominated the annual general meeting of ICICI Bank here Wednesday, with shareholders seeking clarity on the allegations of impropriety against the CEO even as she was absent. Kochhar is on an indefinite leave since June amid allegations of impropriety and 'quid pro quo' involving her and family members with respect to a loan extended to Videocon Industries by the lender. Some shareholders, who spoke at the 24th AGM, also questioned the corporate governance practices and standards at the bank, while some rallied in support saying it is just a phase which shall pass. Kochhar has been away from office following an enquiry initiated under the retired Supreme Court judge BN Srikrishna late May, but continues to hold onto her position as the Managing Director and Chief Executive Officer. She did not attend the AGM. Government nominee on the board Lok Ranjan was also absent at the hour-long AGM chaired by newly-appointed chairman GC Chaturvedi. Last month's ...
S Chand Group partners S korea's Sigong Media for pre-school content
Book publishing house S Chand and Company said Wednesday it has entered into a strategic partnership with South Korea-based Sigong Media to make a foray into the pre-school child education system. It would introduce Sigong Media's teaching materials and tools under NuriNori brand here. The Delhi-based company would have a dedicated curriculum and sales team and would localise the contents within one year. S Chand Group would introduce learning programmes for over three years and four years age group as the company is eyeing the fast growing pre-school market valued at USD 2.18 billion in 2016. According to the company, this pre school market is expected to grow to USD 3.4 billion by 2020. "There are about 56 million children in the age group of 2-4 years in India," the company said in a presentation adding "about 15 per cent of the urban child between 2 to 4 years age are going to pre school, whereas penetration in tier 2 & 3 is lower." Education is the second highest expenditure .
Bengal Minister questions Centre on strategic oil reserves
Questioning the Centre over strengthening of Indian strategic oil reserves, West Bengal Finance Minister Amit Mitra on Wednesday said that fuel price stabilisation fund could be useful to counter soaring petroleum prices.
Exclusive: Deutsche Bank weighs overhaul of group structure - sources
FRANKFURT (Reuters) - Deutsche Bank's management is considering converting the German lender into a holding company, according to three people with knowledge of the matter, a move that could make it easier for its businesses to merge with rivals.
Gold slips amid U.S.-China trade war concerns
LONDON (Reuters) - Gold fell on Wednesday, but remained stuck in a narrow trading range as investors worry about a simmering trade war between the United States and China.
U.S. producer prices post first drop in 1-1/2 years
WASHINGTON (Reuters) - U.S. producer prices unexpectedly fell in August, recording their first drop in 1-1/2 years, as declines in the prices of food and a range of trade services offset an increase in the cost of energy products.
Mediaset working on big deal in European TV sector: CEO
ROME (Reuters) - Italy's biggest private broadcaster Mediaset is working on a large merger or acquisition in Europe's TV sector, its chief executive said on Wednesday.
Cabinet nod for incentivising projects to improve oil recovery
In a move to boost domestic production of hydrocarbons, the cabinet on Wednesday approved a policy to incentivise improved recovery of oil and gas from aging fields.
Pakistani government to present mini-budget
The newly-elected Pakistani government has decided to present a mini-budget for the remaining nine months of the fiscal year of 2018-19 on Friday.
Vietnamese Mobiistar enters West Bengal market
Vietnamese smartphone company Mobiistar Wednesday announced its foray into West Bengal offline market with a range of handsets targeted at first-time users. Mobiistar CEO, Global and India, Carl Ngo said the company was betting on offline mode as it believes there are enough opportunities in the Indian physical market. "Recently the company has got an update that online smartphone retail account for about 30 per cent, 32 per cent to be precise. So still about 70 per cent of the market is still offline," he explained. Ngo said a lot of consumers in Tier II and III cities search for information on the internet but go to offline stores to purchase the handset. The company has already launched products in Punjab, Pune, Hyderabad, Ahmedabad and Lucknow.
Trade optimism, energy stocks lift Dow; tech slide hits Nasdaq
(Reuters) - The Nasdaq fell on Wednesday, weighed down by a drop in Apple and other companies on fears of further regulation, while a rise in energy stocks and a report of fresh U.S.-China trade talks helped keep the S&P afloat and boosted the Dow Industrials.
SIDBI signs deal to enhance credit to micro enterprises
The Small Industries Development Bank of India (SIDBI) signed a deal with Shri Kshetra Dharmasthala Rural Development Project (SKDRDP) to enhance credit delivery, the Finance Ministry said in a statement on Wednesday.
Gopichand Katragadda resigns from Tata Communications board
Tata Communications said Wednesday Gopichand Katragadda has resigned from its board. Katragadda was former chief technology officer of Tata Sons. He resigned from Tata Sons in the first week of August. Katragadda had joined Tata Sons when Cyrus Mistry was heading the group as Chairman. "Dr Gopichand Katragadda has, in a letter dated September 11, 2018, tendered his resignation as Director from the board of Tata Communications Limited, with immediate effect," Tata Communicatons said on Thursday. Before joining Tata Group, Katragadda served as the chairman and managing director of GE India Technology Centre.