Page 2580 - Business Finance
Japan's Renesas to buy U.S. chipmaker IDT for $6.7 billion
TOKYO (Reuters) - Japanese chipmaker Renesas Electronics Corp said on Tuesday it had agreed to buy U.S. peer Integrated Device Technology Inc for about $6.7 billion, aiming to boost its expertise in self-driving car technologies.
Boeing ups forecast Chinese new plane purchases over 20 years by 6.2 percent
BEIJING (Reuters) - Chinese airlines will buy 7,690 new planes worth $1.2 trillion over the next two decades to keep pace with booming consumer and business demand for air travel, Boeing Co said on Tuesday, raising a previous forecast.
Evaluating market for more SUV models: Honda Cars
Japanese auto major Honda Cars is evaluating the Indian market to introduce more SUV models going ahead, a top company official said Tuesday. The company, which is set to bolster its sport utility vehicle (SUV) portfolio by introducing the next generation CR-V next month, has already committed to launch six models in the country over the next three years. "The Indian market is diversifying, not only hatchbacks but sedans also. The SUV market is growing, so ofcourse as Honda philosophy we always try to study from the customer... what kind of vehicle will be appreciated," Honda Cars India Ltd (HCIL) President and CEO Gaku Nakanishi told PTI, replying to a query about company's plans to launch more SUV models. Elaborating further, HCIL Senior Vice President and Director (Sales and Marketing) Rajesh Goel said the shift towards SUVs is a global phenomenon. "India also has a similar trend and going forward one has to keep looking at the most optimum product which can be launched... to ...
Global Markets: Asian shares can't shake trade stress, pound up on Brexit talk
SYDNEY (Reuters) - Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a Sino-U.S. trade war haunted investors, while the pound perched near a five-week top on hints a Brexit deal might be nearer.
Global cues subdue equity indices
Broadly negative global cues subdued the key Indian equity indices during the morning traded session on Tuesday.
Tata Communications' Chief Customer Officer resigns
Vinod Kumar, the Company's MD & CEO, will assume oversight of the sales organisation effective immediately and continue to steer the business forward as a global digital infrastructure provider.
Container Corporation of India and Central Warehousing Corporation sign agreement
To operate CFS facility of Central Warehousing Corporation located at Pipavav Port
UltraTech Cement reaffirms commitment to energy productivity
Becoming a member of EP100 reaffirms UltraTech's commitment to driving sustainability across its value chain and accelerating business growth. By becoming a member of EP100, UltraTech has committed to double its energy productivity. Improvement of energy performance is one of the critical levers for UltraTech to reduce the carbon intensity of its operations. This will also provide a strategic boost to UltraTech's low carbon growth target of reducing carbon intensity by 25% by 2021 (2005 baseline).
Sun Pharma gains after buying stake in Israeli startup Tarsius
Sun Pharmaceutical Industries rose 1.14% to Rs 646.80 at 9:35 IST on BSE after the company said that one of its wholly-owned subsidiaries has agreed to acquire 18.75% stake in Israel-based Tarsius Pharma for $3 million.
Gold prices ease as U.S. rate hike views, trade tensions boost dollar
BENGALURU (Reuters) - Gold prices inched lower on Tuesday as the dollar was boosted by expectations U.S. interest rate will rise this month and by worries the Sino-U.S. trade war could escalate.
Asia shares can't shake trade stress, pound up on Brexit talk
SYDNEY (Reuters) - Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the spectre of a Sino-U.S. trade war haunted investors, while the pound perched near a five-week top on hints a Brexit deal might be nearer.
Benchmarks trade with small losses
Key benchmark indices were trading lower in early trade. At 9:23 IST, the barometer index, the S&P BSE Sensex, was down 41.55 points or 0.11% at 37,880.62. The Nifty 50 index was down 7.85 points or 0.07% at 11,430.25.
Mixed finish for US stocks
Nike remains the best Dow performer of the day
Yes Bank raises USD 400 million through Syndicated Loan Facility
The Bank had also recently raised USD 400 million through two Syndicated loan transactions in Taiwan and Japan, comprising of USD 250 million from Taiwanese banks and JPY 16.5 billion (~USD 150 million) from Japan in November, 2017 followed by a USD 300 million syndicated loan transaction completed in July 2018 which saw subscription from eight banks.
Sun Pharma in focus on buying stake in Israeli startup Tarsius
Sun Pharmaceutical Industries said that one of its wholly-owned subsidiaries has agreed to acquire 18.75% stake in Israel-based Tarsius Pharma for $3 million. The company is an early-stage research and development company focusing on development of drug candidates in the field of ophthalmology. The announcement was made after trading hours yesterday, 10 September 2018.
Shares may extend losses
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 12.50 points at the opening bell.
Market may slide on weak Asian cues
Negative cues from the global market may put pressure on domestic stocks. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 50.50 points at the opening bell.
Fuel prices continue the upward march
Despite Opposition's 'Bharat Bandh', fuel prices continued its northward march on Tuesday with petrol being sold at Rs 80.87 and diesel at Rs 72.97 per litre in the national capital.Both the petrol and diesel prices saw hike of 14 paise per litre in Delhi. Meanwhile, in Mumbai, petrol and diesel have touched a new high of Rs 88.26 and Rs 77.47 per litre respectively.The Congress party along with other Opposition parties called a nationwide strike across the country on Monday to protest against the rising prices of petrol and diesel and the falling value of the rupee against the US dollar.As many as 21 opposition parties, both regional and national, extended their support to the countrywide strike.
Pak likely to review CPEC deals
The Imran Khan-led Pakistan government is mulling over reviewing the agreements under the China-Pakistan Economic Corridor (CPEC) project.Citing a report from the UK-based Financial Times, top officials said that the Pakistan Tehreek-e-Insaf (PTI)-led government would be looking to review the deals of the Belt and Road Initiative (BRI) and renegotiate a trade pact signed with Beijing a decade ago. The agreement "gives undue advantages to Chinese companies." Khan has established a nine-member committee to analyse the USD 62 billion project, The Express Tribune reported.Abdul Razak Dawood, an industrialist, who is a part of the committee, was quoted by The Financial Times as saying, "The previous government did a bad job negotiating with China on CPEC - they didn't do their homework correctly and didn't negotiate correctly so they gave away a lot.""Chinese companies received tax breaks, many breaks and have an undue advantage in Pakistan; this is one of the things we're looking at ...
Oil firm as Iran sanctions loom, but US seeks to prevent supply shortfall
SINGAPORE (Reuters) - Oil was steady on Tuesday, supported by looming U.S. sanctions against Iran's petroleum industry.