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Page 3539 - Business Finance

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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST
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Updated On : 14 Jun 2018 | 4:04 PM IST

NSE expects to get listed by FY19

The National Stock Exchange of India Limited (NSE) is hoping to launch its initial public offer in the current fiscal after resolving all related issues, an official said here on Thursday.

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Updated On : 14 Jun 2018 | 4:00 PM IST

PE deal values dip 50 pc in May : Thornton

Private equity (PE) investments saw 50 per cent decline in value terms in May at USD 1,180 million amid fall in big-ticket deals and cautious investor approach, says a report. According to assurance, tax and advisory firm Grant Thornton, 53 PE deals worth USD 1,180 million were announced in May this year, while the year-ago month saw 68 transactions worth USD 2,363 million. Compared to April 2018, May witnessed a declining trend in deal values (down 48 per cent) and deal volumes (down 34 per cent). "Slowdown in PE/VC deals may be attributed to the wait-and-watch approach by PE/VCs, cautious approach on ongoing transactions resulting in lengthening of the deal life cycle or absence of large ticket transactions," Grant Thornton India LLP Director Pankaj Chopda said. Canada Pension Plan Investment Board (CPPIB) and Allianz Capital Partners' 55 per cent stake acquisition in India infrastructure trust IndInfravit Trust for USD 280 million was the top PE deal. Other top deals announced ...

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Updated On : 14 Jun 2018 | 4:00 PM IST

HDFC Bank welcomes government's approval to raise Rs 24,000 crore

HDFC Bank on Thursday welcomed the government's approval of Rs 24,000 crore foreign direct investment (FDI) into the bank.

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Updated On : 14 Jun 2018 | 3:50 PM IST

Sensex snaps 3-day winning run as Fed raises rate

The BSE Sensex tumbled over 139 points today following three straight sessions of gains after the US Federal Reserve raised interest rates and struck a more hawkish stance. Wholesale inflation rising to a 14-month high of 4.43 per cent in May also dented trading sentiment, brokers said. The Sensex saw a slightly better start and advanced to a high of 35,749.88, but soon turned lower in line with a weak trend at other Asian markets. It finally finished 139.34 points, or 0.39 per cent, lower at 35,599.82. The gauge had risen by 295.49 points in the past three sessions. Likewise, the broader NSE Nifty dropped by 48.65 points, or 0.45 per cent to 10,808.05 after shuttling between 10,773.55 and 10,833.70. Caution prevailed after the US Fed raised its key interest rate by 0.25 per cent yesterday, the second increase of the year, and signalled two more hikes in 2018 and four in 2019. Investors are also awaiting European Central Bank's policy rate decision. Meanwhile, foreign portfolio ...

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Updated On : 14 Jun 2018 | 3:50 PM IST

Japan: Stocks drops 1% on profit booking

Powered by Capital Market - Live News

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Updated On : 14 Jun 2018 | 3:50 PM IST

Sensex, Nifty drop after Fed rate hike

Domestic stocks logged modest losses weighed by negative global cues after the US Federal Reserve raised interest rates and struck a hawkish tone in its latest policy statement. The barometer index, the S&P BSE Sensex, lost 139.34 points or 0.39% at 35,599.82, as per the provisional closing data. The Nifty 50 index fell 47.45 points or 0.44% at 10,809.25, as per the provisional closing data.

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Updated On : 14 Jun 2018 | 3:50 PM IST

Import of Vegetable Oils down by 7% in May 2018

The overall import of vegetable oils during November 2017 to May 2018 is reported at 8,604,535 tons compared to 8,522,704 tons i.e. Up by 1%.

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Updated On : 14 Jun 2018 | 3:50 PM IST

Merc reserves order on RInfra-Adani deal

The Maharashtra Electricity Regulatory Commission (Merc) today concluded its hearing on the proposed sale of Reliance Infrastructure's Mumbai power distribution business to Adani Transmission for an estimated Rs 18,800 crore. The regulator, however, reserved its order on the matter, which is expected to be delivered in the next few weeks, Reliance Infrastructure (RInfra) said in a statement. The Anil Ambani group-run company has already received approvals from the Competition Commission of India (CCI) and the shareholders for the 100 per cent stake sale in Reliance Energy, which it now expects to close by next month. RInfra and the Adanis had signed definitive agreement for sale last December for a consideration of Rs 18,800 crore, the company said, adding it will use the proceeds from sale to retire its entire debt and become a Rs 3,000-crore cash surplus entity. RInfra's Mumbai power business, known as Reliance Energy, is one of the largest private sector integrated ...

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Updated On : 14 Jun 2018 | 3:46 PM IST