Page 2621 - Business Finance
Bharti Infratel and Indus Towers receive exit notices for 27,447 co-locations
Consolidated service revenue likely to reduce by Rs 60-65 cr per month
Blackstone ups ante in bidding war for Australia's Investa
SYDNEY (Reuters) - Buyout giant Blackstone Group LP said it was willing to lift its bid for Australian landlord Investa Office Fund to A$3.3 billion ($2.4 billion) on Thursday, to beat a rival offer from Canada's Oxford Properties Group.
HUDCO jumps after robust Q1 results
Housing and Urban Development Corporation rose 8.27% to Rs 60.25 at 10:23 IST on BSE after net profit rose 105.31% to Rs 333.38 crore on 73.42% increase in total income to Rs 1614.09 crore in Q1 June 2018 over Q1 June 2017.
Pharma shares gain
Key benchmark indices nudged higher in morning trade after seeing volatility in early trade. At 10:21 IST, the barometer index, the S&P BSE Sensex, was up 113.57 points or 0.3% at 38,131.88. The Nifty 50 index was up 20.90 points or 0.18% at 11,497.85. Pharma shares gained.
Tesla bond hits record low, stock slips as investor worry deepens
SAN FRANCISCO (Reuters) - Tesla's stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker.
Faced with trade war risk, yuan to manage only modest rise: Reuters poll
BENGALURU (Reuters) - The Chinese yuan will trim only some of its recent losses against the dollar over the coming year, with the People's Bank of China increasingly likely to intervene to support the currency against a still-rampant dollar, a Reuters poll found.
Silver rises 0.25% in futures trade on firm global cues
Tracking a firm trend in precious metals overseas, silver prices rose Rs 91 to Rs 37,126 per kg in futures trade Thursday as speculators widened their bets. At the Multi Commodity Exchange, silver for delivery in December contracts shot up by Rs 91, or 0.25 per cent, to Rs 37,126 per kg in a business turnover of 508 lots. Market analysts said speculative position created by participants, driven by firm global trend as weakness in the dollar raised demand for the precious metals as a safe haven investment, influenced silver futures prices here. Globally, silver traded higher at USD 14.27 an ounce in Singapore today.
Gold rises 0.46% on positive global cues
Gold prices went up by Rs 142 to Rs 30,682 per 10 grams in futures trade today as speculators raised bets amid a firm global trend. The December contract of gold was up by Rs 142, or 0.46 per cent, to Rs 30,682 per ten grams in a business volume of 32 lots in futures trade at the Multi Commodity Exchange. Gold for delivery in October was trading higher by Rs 139, or 0.46 per cent, to Rs 30,454 per 10 grams in a business turnover of 545 lots. Market analysts attributed rise in gold futures to widening of positions by participants, taking positive leads from global marker on dollar weakness amid the US-China trade conflict. Gold rose by 0.05 per cent to USD 1,196.90 an ounce in Singapore today.
Nandan Denim spurts after receiving sanction of subsidy
Nandan Denim rose 15.57% to Rs 89.80 at 10:03 IST on BSE after the company announced that its application for sanction of various incentives under Gujarat State Textile Policy, 2012 has been approved.
Aurobindo to acquire dermatology and oral solids businesses from Sandoz Inc., USA
Aurobindo and Sandoz will enter into a transitional services agreement to support the ongoing growth plans of the businesses being acquired by Aurobindo. The transaction will be an all cash transaction which Aurobindo will finance through a fully committed debt facility.
RBI likely sold dollars to keep rupee from reaching 72 per dollar - dealers
MUMBAI (Reuters) - The Reserve Bank of India is supporting the rupee from falling to 72 to the dollar mark, said two dealers on Thursday, citing spurts of dollars sales at the 71.95 level likely by the central bank.
Starbucks' Italian dream comes true, but it is not cheap
MILAN (Reuters) - Starbucks, the world's biggest coffee chain, will realise its chairman's dream on Friday when it opens an upmarket roastery and cafe in Milan, but the test will be to convince coffee-obsessed Italians to pay more for their daily espresso.
Hong Kong Market falls on trade war woes
Trade-related concerns weighed on the market, with the U.S. and Canada set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement. Bilateral trade discussions have been tense at times, with President Donald Trump threatening over the Labor Day weekend to move forward without Canada if terms can't be agreed upon. On Tuesday, Canadian Prime Minister Justin Trudeau reiterated the country's view that no Nafta is better than a bad Nafta deal for Canadians, and that's what we are going to stay with.
China Stocks mixed
Trade-related concerns weighed on the market, with the ongoing trade war between the U.S. and China could intensify this week, with President Donald Trump reportedly saying over the weekend that he is ready to impose tariffs on an additional $200 billion worth of Chinese imports as soon as the public comment period ends on Thursday.
Japan Nikkei extends losses
The northern Japanese island of Hokkaido has suffered a powerful earthquake just two days after Typhoon Jebi wreaked havoc across the country. A 6.6 magnitude earthquake struck 27 kilometres east of the city of Tomakomai on Hokkaido triggering widespread landslides that covered houses, blocked roads and left people trapped. An aftershock measuring 5.3 rocked the area moments later and smaller aftershocks followed throughout the night.
Australia Market extends losses on trade worries
Trade-related concerns weighed on the market, with the U.S. and Canada set to restart high-stakes efforts to resolve differences as they work toward recasting the North American Free Trade Agreement. Bilateral trade discussions have been tense at times, with President Donald Trump threatening over the Labor Day weekend to move forward without Canada if terms can't be agreed upon. On Tuesday, Canadian Prime Minister Justin Trudeau reiterated the country's view that no Nafta is better than a bad Nafta deal for Canadians, and that's what we are going to stay with.
Aurobindo Pharma jumps on acquiring certain assets from US-based Sandoz Inc
Aurobindo Pharma rose 3.89% to Rs 723.15 at 9:45 IST on BSE after the company announced the signing of a definitive agreement to acquire certain assets from Sandoz Inc., US.
Kolkata best city for 4G availability in India: OpenSignal
As 4G penetration increases in India, Kolkata has emerged as the top city with a 4G availability score of an impressive over 90 per cent, London-based wireless coverage mapping company OpenSignal said on Thursday.
Aurobindo Pharma inks pact with Sandoz for dermatology, oral
Aurobindo Pharma Thursday said its US subsidiary has entered into an agreement to acquire commercial operations and three manufacturing facilities in the US from Sandoz Inc, USA, a Novartis Division, for USD 900 million. According to a regulatory filing with stock exchanges, this business has been carved out by the management of Sandoz for sale and is consisting of dermatology and oral solids businesses. The acquisition will add approximately 300 products including projects in development as well as commercial and manufacturing capabilities in the US, complementing and expanding the group's portfolio and pipeline. "The portfolio being divested generated sales of USD 0.6 billion in HI 2018 for Sandoz. After expiration of certain in-licensed product contracts, and rationalisations of acquired products that will not negatively impact profitability (but before the impact of any potential FTC-led divestments) the portfolio is expected to generate over $0.9 billion in sales ..