Page 206 - Russia
Three TCPL shares for every 10 of Tata Coffee, merger in 12-14 months
The merger of Tata Coffee Ltd with Tata Consumer Products Ltd (TCPL) will be completed in 12-14 months and the companies are in the early stages of filing the regulatory process, an official said. Tata Coffee Ltd officials do not foresee any roadblocks in the process of merger. "It would take about 12 to 14 months. So that's what the timeline is," Tata Coffee Ltd ED & CFO K Venkataramanan told analysts at an investors meet. TCPL has announced the merger of all businesses of Tata Coffee with itself or its subsidiaries as part of a reorganisation plan in line with its strategic priority of unlocking synergies and efficiencies. Under the scheme, shareholders of Tata Coffee will receive an aggregate of 3 equity shares of TCPL for every 10 equity shares held by them. Speaking about the demand scenario under the ongoing geopolitical crisis, the management said that the demand remains firm, even for Russia and Europe. "Tata Coffee have got a healthy order book and customers are asking .
 "Three TCPL shares for every 10 of Tata Coffee, merger in 12-14 months")
Fire at Russian military site in Belgorod near Ukraine injures one
Images posted to social media showed a large funnel of smoke rising above the ground
 "Fire at Russian military site in Belgorod near Ukraine injures one")
India calls for end to conflict in Ukraine ahead of PM Modi's Europe trip
On his first trip abroad this year, Modi will embark on a three-day visit to Germany, Denmark and France beginning Monday amid the ongoing crisis in Ukraine
 "India calls for end to conflict in Ukraine ahead of PM Modi's Europe trip")
Egypt's Suez Canal chief says April revenues hit all-time record at $629 mn
The unprecedented income came as the Suez Canal in March increased transit fees for ships passing through the waterway
 "Egypt's Suez Canal chief says April revenues hit all-time record at $629 mn")
Firefighting helicopter crashes in Russia, one killed, six hurt
Earlier in the day, the regional ministry of health told Sputnik that one person died and five were injured in the crash
 "Firefighting helicopter crashes in Russia, one killed, six hurt")
Live: Putin going for surgery, ex-KGB boss takes over for now, says report
Latest news update LIVE: Catch all the live updates from across the globe here
 "Live: Putin going for surgery, ex-KGB boss takes over for now, says report")
Despite payment, investors brace for Russia to default on its debts
Prices for Russian credit default swaps fell sharply overnight after Moscow used its precious foreign currency reserves to make a last minute debt payment.
 "Despite payment, investors brace for Russia to default on its debts")
Ukrainians plead for Mariupol rescue; Russian military advance crawls
Ukrainian forces fought village by village Saturday to hold back a Russian advance through the country's east
 "Ukrainians plead for Mariupol rescue; Russian military advance crawls")
Russia to quit International Space Station over Ukraine invasion sanctions
Rogozin earlier this month threatened to end Russia's mission unless the U.S., European Union and Canada lifted sanctions against enterprises involved in the Russian space industry.
 "Russia to quit International Space Station over Ukraine invasion sanctions")
Russia says risks of nuclear war must be kept to minimum
Vladimir Yermakov, the foreign ministry's head of nuclear non-proliferation, said all nuclear powers must stick to the logic laid out in official documents aimed at preventing nuclear war
Live news: Ukraine says Russia pounding Donbas, failing to take targets
Live news updates: Russian Foreign Minister says lifting Western sanctions on Russia was part of peace talks.
 "Live news: Ukraine says Russia pounding Donbas, failing to take targets")
Central bank of Russia lowers key interest rate by 300 basis points to 14%
"With price and financial stability risks no longer on the rise, conditions have allowed for the key rate reduction," Xinhua news agency quoted the bank as saying on Friday
 "Central bank of Russia lowers key interest rate by 300 basis points to 14%")
Russia makes last-minute bond payment using dollar reserve to avoid default
At that time, tightened sanctions imposed for Russia's invasion of Ukraine prevented the payment from being accepted, so Moscow attempted to make the debt payment in rubles
 "Russia makes last-minute bond payment using dollar reserve to avoid default")
Exxon profits surge despite $3.4B hit after exit from Russia over war
The oil giant took a huge hit as it abandoned its Russian operations due to the war, writing down USD 3.4 billion
 "Exxon profits surge despite $3.4B hit after exit from Russia over war")
Wimbledon's double fault
In football, FIFA and UEFA have banned the Russian national football team and those from the Russian Premier League
 "Wimbledon's double fault")
Russian evolution
Three books offer a succinct picture of Putin's Russia and its problematic relationship with Ukraine
 "Russian evolution")
New gas pipeline boosts Europe's bid to ease Russian supply
The pipeline connection will give the country access to ports in neighbouring Greece that are importing liquefied natural gas, or LNG
 "New gas pipeline boosts Europe's bid to ease Russian supply")
Russia makes last-gasp dollar bond payments in bid to avoid default
Russia's finance ministry said it had managed to pay $564.8 million on a 2022 Eurobond and $84.4 million on a 2042 bond in dollars
 "Russia makes last-gasp dollar bond payments in bid to avoid default")
Russian central bank lowers key rate to 14%, warns of more cuts
The central bank met after it unexpectedly cut the key rate to 17% earlier in April
 "Russian central bank lowers key rate to 14%, warns of more cuts")
Russia says it struck production buildings at defence factory in Kyiv
Russian Defence Ministry spokesman Igor Konashenkov said Friday that Russia used high-precision, long-range weaponry to hit the Artem factory in the Ukrainian capital
 "Russia says it struck production buildings at defence factory in Kyiv")