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Stocks In News

 

JSW Steel Limited


May bid for Arcelor-Mittal's Romanian plant

ASTRAZENECA PHARMA

Gets DCGI's  marketing nod for key cancer drug 

HCL TECH

Inks 5-year I.T. Infra deal with Nokia

BANK OF MAHARASHTRA


To raise Rs 3,000 Crore equity capital

TATA MOTORS:

Plans to launch 50 cvs this fiscal

ET REPORTS

JSW STEEL

Company may bid for Arcelormittal's Romanian plantco

Proposes investment of $500 Mn to upgrade steel manufacturing unit at Ohio, USA

Integrated steel manufacturing unit in Ohio, with potential capacity of 3 MTPA

ASTRAZENECA PHARMA

Company gets marketing nod for Durvalumab drug from DCGI

Durvalumab is a patented product of AstraZeneca Global

Permission significant for patients with limited treatment options

HCL TECH

Nokia signs 5-year global I.T. Infra & application services deal with company

Company will transition services from four incumbent vendors

Will build on strong existing engineering-centric partnership with this deal worth $500 Mn

BANK OF MAHARASHTRA

Gets shareholders' nod for raising equity capital upto Rs 3,000 Cr

Bank union requests govt to intervene in bank's arrests

AIBEA writes to DFS secy to step-in to save bank's reputation

ICICI BANK

May have rotating chairman till full time chairman is appointed

U.S. Investors of bank want Kochhar to quit

Investors will be confident if external candidate is appointed as CEO: Macquarie

TOI & ET REPORTS

  • SENSEX

    35,689.60 257.21   (0.73 %)
  • NIFTY

    10,821.85 80.75   (0.75 %)
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DRUNKEN MONKEY : The Story So far

News In Brief

 

    Iraq bombs meeting of Islamic State leaders in Syria: Military

    Baghdad: Iraq has conducted an air strike on three houses in the Syrian town of Hajin where Islamic State leaders were meeting, killing 45 members of the militant group, its military said on Saturday. 

    “Iraqi F-16 jets carried out a successful air strike that targeted a meeting of Daesh leaders ... in the Hajin area within Syrian territory. The operation resulted in the complete destruction of the targets, and the killing of around 45 terrorists,” the military’s joint operations command said. Daesh is an Arabic acronym for Islamic State. Iraqi jets hit three houses connected by a trench, the military said, adding that those killed included the group’s “deputy war minister”, one of its “media emirs”, its leader Abu Bakr al-Baghdadi’s personal courier and its chief of police.

    (Reuters)

    EU to respond to any US auto tariff move: Report

    Paris: European Union authorities will respond to any U.S. move to raise tariffs on cars made in the bloc, EU Commission Vice President Jyrki Katainen told French newspaper Le Monde.

    US President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all imports of EU-assembled cars. “If they decide to raise their import tariffs, we’ll have no choice, again, but to react,” Katainen told Le Monde, in a report published on Saturday. “We don’t want to fight (over trade) in public via Twitter. We should end the escalation.”

    (Reuters)

    Champions Trophy: India humiliate below par Pakistan

    Breda (Holland): India thrashed arch-rivals Pakistan 4-0 in the inaugural match of the Champions Trophy hockey tournament here on Saturday. 

    Ramandeep Singh, Dilpreet Singh, Mandeep Singh and Lalit Upadhyay scored for the men in blue who complete dominated their opponents throughout. 

    India will now take on Argentina in their second match on Sunday.

    (IANS) 

    Ethiopian prime minister says "a few people" killed in blast at rally

    Addis Ababa: Ethiopian Prime Minister Abiy Ahmed said “a few people” were killed and others were injured in a blast on Saturday during a political rally in the capital. 

    In a televised addressed after the explosion, Abiy described the incident as “an unsuccessful attempt by forces who do not want to see Ethiopia united.” The rally was being held in support of the new prime minister. One rally organizer said the blast was caused by a grenade.

    (Reuters)

    Saudi energy minister says OPEC invites Russia to join as observer

    Vienna:  Saudi Energy Minister Khalid al-Falih said on Saturday that OPEC had invited Russia to join the oil producer group as an observer.

    “We have invited Russia to join as an observer ...We believe they are considering it,” Falih told a news conference. “I can assure that the entire membership of OPEC would welcome Russia,” he said.

    (Reuters)

    Attack on rally in Ethiopian capital kills one person, wounds 132: Health minister

    Addis Ababa: One person has been killed and 132 wounded in a grenade attack during a rally in support of newly-elected prime minister Abiy Ahmed in Addis Ababa, Ethiopia’s health minister said on Saturday.

    “One person has passed away at Black Lion Hospital. I would like to pass my condolences to the family and Ethiopian people,” Amir Aman said on Twitter. “What happened is so sad. But it will never break our unity.”

    (Reuters)

    Iraq conducts air strike on Islamic State position in Syria

    Baghdad: Iraq has conducted an air strike on three houses in the Syrian town of Hajin where Islamic State leaders were meeting, killing 45 members of the militant group, its military said on Saturday. 

    “Iraqi F-16 jets carried out a successful air strike that targeted a meeting of Daesh leaders ... in the Hajin area within Syrian territory. The operation resulted in the complete destruction of the targets, and the killing of around 45 terrorists,” the military’s joint operations command said. Daesh is an Arabic acronym for Islamic State. Iraqi jets hit three houses connected by a trench, the military said, adding that those killed included the group’s “deputy war minister”, one of its “media emirs”, its leader Abu Bakr al-Baghdadi’s personal courier and its chief of police.

    (Reuters)

    European authorities will react to any US auto tariff move: Le Monde

    Paris: European Union authorities will respond to any U.S. move to raise tariffs on cars made in the bloc, EU Commission Vice President Jyrki Katainen told French newspaper Le Monde.

    U.S. President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all imports of EU-assembled cars. “If they decide to raise their import tariffs, we’ll have no choice, again, but to react,” Katainen told Le Monde, in a report published on Saturday. “We don’t want to fight (over trade) in public via Twitter. We should end the escalation.”

    (Reuters)

     

    Britain's IWG confirms evaluating possible Terra Firma bid

    London: British serviced office provider IWG (IWG.L) said on Saturday that it is evaluating a possible cash offer for the company from private equity firm Terra Firma. 

    “The board is evaluating the Terra Firma offer with its financial advisers and shareholders will be updated in due course,” IWG, owner of Regus, said in a statement confirming a Reuters report on Friday.

    (Reuters)

    Eritrea condemns attack at Ethiopia rally: Eritrean envoy to Japan

    Addis Ababa: Eritrea condemned a grenade attack at a rally in Addis Ababa attended by Ethiopian Prime Minister Abiy Ahmed, Eritrea’s ambassador to Japan wrote on Twitter.  “#Eritrea strongly condemns the attempt to incite violence, in today’s AA demonstration for peace, 1st of its kind in history of #Ethiopia.”

    Ambassador Estifanos Afeworki said on Twitter. Ethiopia and Eritrea have long been at loggerheads over a border dispute. But Abiy stunned Ethiopians this month by saying he was ready to fully implement a peace deal with Eritrea that was signed in 2000 after a two-year war and which Addis Ababa had previously refused to implement without further talks.

    (Reuters)

    Ethiopia rally attack injures at least 83, no deaths reported: PM's office

    Addis Ababa: An attack during a political rally in Addis Ababa has injured at least 83 people, with 6 in a critical condition, but no deaths reported, Fitsum Arega, Prime Minister’s Abiy Ahmed’s chief of staff, said on Twitter on Saturday. 

    Abiy said in a televised address shortly after the explosion that, “a few people ... lost their lives.” Girma Kassa, deputy head of Addis Ababa’s police commission, told the state-affiliated Fana Broadcasting Corporation that 100 people had been injured in the attack, 15 of them “severely”.

    (Reuters)

    Iran says OPEC, allies to increase oil output by 500,000 bpd

    Vienna: Iran’s oil minister Bijan Zanganeh said on Saturday that OPEC and its allies will increase oil output by close to 500,000 barrels per day after agreeing a new production deal on Friday.

    OPEC agreed to a modest rise in oil production from next month but the group gave no clear targets, leaving traders guessing how much more it will actually pump. Saudi Arabia said the increase would amount to less than 1 million bpd, while Iraq said it would be around 770,000 bpd.

    (Reuters)

    India summons Pak's Deputy HC

    New Delhi: India summons Pak's Deputy HC, lodges protest over denial of access to its envoy to visit Gurdwara Panja Sahib and meet Indian pilgrims. 

    (PTI)

    Grenade attack caused blast at rally for Ethiopian prime minister: Chief of staff

    Addis Ababa: Unidentified assailants launched a grenade attack at a political rally in support of the Ethiopian Prime Minister Abiy Ahmed in the capital on Saturday that killed several people, the premier’s chief of staff said. 

    “Some whose heart is filled with hate attempted a grenade attack. HE PM Abiy is safe. All the casualties are martyrs of love & peace. HE PM sends his condolences to the victims. The perpetrators will be brought to justice,” Fitsum Arega said on his Twitter account.  He did not identify any suspects behind the attack.

    (Reuters)

    Ethiopian prime minister says "a few people" killed in blast at rally

    Addis Ababa: Ethiopian Prime Minister Abiy Ahmed said “a few people” were killed and others were injured in a blast on Saturday during a political rally in the capital. 

    In a televised addressed after the explosion, Abiy described the incident as “an unsuccessful attempt by forces who do not want to see Ethiopia united.” The rally was being held in support of the new prime minister. One rally organizer said the blast was caused by a grenade.

    (Reuters)

    PM Modi launches Mohanpura Irrigation Project in MP

    New Delhi: Prime Minister Narendra Modi launches Mohanpura Irrigation Project in Madhya Pradesh's Rajgarh district.

    (PTI)

    Blast at Addis Ababa rally for new Ethiopian prime minister: Reuters witness

    Addis Ababa: A blast was heard at a rally in Ethiopia’s capital Addis Ababa on Saturday following a speech by the country’s new Prime Minister Abiy Ahmed, a Reuters witness said.

    The rally was being held in support of the 41-year-old leader, who took office in April. “It was a grenade. Someone tried to hurl it to the stage where the prime minister was in,” Seyoum Teshome, a member of the organizing committee, said.

    (Reuters)

    Foodgrain prices ruled steady

    Chennai: Prices of all commodities ruled steady in the wholesale foodgrain market here today.

    Following are the wholesale rates of various agri-commodities (rates in rupees per quintal, unless stated otherwise): Thoor Dal Rs 6,700, Urad Dal Rs 6,700, Moong Dal Rs 6,900, Gram Dal Rs 4,500, Sugar Rs 3,600, Wheat Rs 2,900, Maida (90 kg) Rs 2,500 and Sooji (90 kg) Rs 3,000.

    (PTI) 

    UN's Guterres demands immediate end to military escalation in southwestern Syria

    United Nations: U.N. Secretary-General Antonio Guterres called for an immediate end to the military escalation in southwestern Syria, his spokesman said on Friday, after government forces this week ramped up their assault on opposition areas. 

    “The attacks have resulted in the displacement of thousands of civilians, the majority of whom are moving towards the Jordanian border. The Secretary-General is also concerned at the significant risks these offensives pose to regional security,” Stephane Dujarric, Guterres’ spokesman, said in a statement.

    (Reuters)

    China January-May trade with North Korea $887.4 million, down 56.8 percent: Customs data

    Beijing: China’s trade with North Korea in the first five months of 2018 fell 56.8 percent from a year earlier to $887.4 million, customs data showed on Saturday. 

    Imports from North Korea fell 87 percent to $94.3 million in January-May. China’s May total trade with North Korea was $230.87 million, compared with $173.7 million in the previous month. China’s exports to North Korea were $217.2 mln million in May while imports from North Korea were $13.65 million, the data showed.

    (Reuters)

    Quake jolts Himachal

    Shimla: Himachal Pradesh was again jolted by a low intensity earthquake on Saturday, the third within a fortnight, an official said. There were, however, no reports of damage. 

    The earthquake measuring three on the Richter scale was recorded at 2.37 a.m., the meteorological office told IANS. The epicentre of the quake was Chamba region, bordering Jammu and Kashmir. Earlier, the epicentres of the quakes were Shimla and Chamba regions and occurred on June 17 and June 14, respectively.

    (IANS) 

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