Australia's Woolworths, BP abandon petrol station deal

Jun 21 2018 | 7 mins ago

 Woolworths Group cancelled a A$1.8 billion sale of its petrol stations to BP Plc, after it was blocked by Australia’s antitrust regulator.

SNB says UBS, Credit Suisse must work on TBTF rules

Jun 21 2018 | 9 mins ago

UBS and Credit Suisse, have more work to do on emergency planning to meet new too-big-to-fail rules by the end of 2019, the Swiss National Bank said.

Australia $106-bn income tax cuts seen boosting PM re-election bid

Jun 21 2018 | 11 mins ago

Australia passed a A$144 billion package of income tax cuts after Hanson backed the legislation, potentially boosting the re-election prospects of the centre-right govt.

Carlyle raises $6.55 billion for new Asia fund

Jun 21 2018 | 13 mins ago

Carlyle said it had raised $6.55 billion for its Asia private equity fund, which will seek buyout and strategic investment opportunities across a wide range of sectors.

Hammond to reassure bankers in speech he will protect them in Brexit

Jun 21 2018 | 15 mins ago

Chancellor will try to reassure bankers that he will protect their interests as London leaves the EU, with a major speech emphasising open trade and financial services.

Indian Markets


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Stocks In News



I-T department probing acquisition of Chanda Kochhars Mumbai Residence

I-T department looking into acquisition of the residence by Deepak Kochhar

Acquisition of residence said to be linked to firms of Videocon group

Indian Express Reports


3 officials including MD & CEO RP Marathe, ED RK Gupta arrested in Pune

Arrests are in connection to fraudulent loans sanctioned to Kulkarni Developers

Outstanding exposure to DS Kulkarni Developers at Rs 94.52 Cr


RITES IPO subscribed 0.6x on day 1

Fine organic industries IPO subscribed 0.12x on day 1


SBI's B Sriram takes additional charge as MD & CEO of IDBI Bank

B Sriram is the longest serving PSB MD

B Sriram Has Experience In Managing Stressed Assets


Wins bid for Connaught Place in Delhi

Taj Group wins 33-year lease for Connaught Hotel in E-auction

Offered to share 31.8% of annual revenue earned with civic body


Have not received any notice from ED on FEMA violations


U.S. to levy tariff on Indian welded pipes

U.S. imposes anti-subsidy duties of upto 500% on welded pipes from India

China, South Korea, & Turkey to also face duties from U.S.

U.S. imported large-diameter welded pipes worth $294.7 Mn from India in 2017

U.S. International Trade Commission scheduled to make a final decision By Dec 20

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