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Stocks In News

 

SCRAP POLICY

Steel Ministry To Announce Scrap Policy This Year

Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs

Steel Secy Arun Sharma Says Policy Will Be Out By December 2018

Scheme Will Come In Effect From April 2020

Mint Reports

BHARTI AIRTEL

Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit

Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval

Economic Times Reports

ESSAR STEEL

Lenders To Meet Today To Decide On Essar Steel

CoC May Give Time To Arcelor And Numetal To Rectify Bids

Business Standard Reports

ICICI SECURITIES

IPO under SEBI scanner

SEBI has sought details of investment made by ICICI Prudential MF

Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr

A large chunk was bought by ICICI MF

ICICI MF is ICICI Securities largest public shareholder with 3.82% stake

Mint Reports

THOMAS COOK

Board approves proposal for corporate restructuring

Move aimed at simplifying & clarifying structure & holdings

To focus on travel, forex, destination mgmt & portfolio investments

Restructuring will consolidate HR services into Quess Corp

Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co

  • SENSEX

    34,560.65 109.88   (0.32 %)
  • NIFTY

    10,594.50 9.80   (0.09 %)
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Dosti-Suraksha to bid higher for Jaypee Infra

News In Brief

 

    Quake in southeast Turkey injures 13: state news agency

    Istanbul: An earthquake struck Turkey’s southeastern province of Adiyaman early on Tuesday, injuring 13 people and causing damage to buildings, state-run Anadolu news agency said. The United States Geological Survey (USGS) said the earthquake, which struck at 0034 GMT, had a magnitude of 5.2 and occurred at a depth of 10 kilometers (6.21 miles). 

    Anadolu said the 13 injured were transferred to hospitals but were not in serious condition. Images posted on social media showed serious damage to numerous houses. The quake was followed by eight small aftershocks, Anadolu said. 

    (Reuters)

    CityFibre agrees $750 million takeover by new consortium

    London: British fibre broadband company CityFibre (CITYC.L) said on Tuesday it had agreed to be acquired for 538 million pounds in cash by a consortium formed by Antin and West Street Infrastructure Partners. 

    The consortium will pay 81 pence for each CityFibre share, a 93 percent premium to the closing price of 42 pence a share on Monday, CityFibre said.

    (Reuters) 

    St. James's Place first quarter assets down 0.9 percent, hit by weaker markets

    London: British wealth manager St. James’s Place (SJP.L) said total assets fell 0.9 percent in the first quarter, hit by the impact of weaker markets, although it continued to take in net flows of new client money. 

    Group funds under management at the end of March were 89.9 billion pounds, it said in a statement on Tuesday, down from 90.8 billion at the end of the prior quarter. Net inflows during the period were 2.6 billion pounds, it added.

    (Reuters) 

    Poland's BZ WBK first quarter net profit falls 3 percent year-on-year

    Warsaw: Poland’s Bank Zachodni WBK (BZW.WA) reported on Tuesday a 3 percent fall in first quarter net profit, as higher payment for a bank resolution fund weighed on performance. 

    Poland’s third largest bank by assets and a unit of Spain’s Banco Santander (SAN.MC) said its net profit fell to 439 million zloty (91.54 million pounds), broadly in line with analysts’ expectations of 432 million zloty.

     (Reuters)

    Swedbank first-quarter net profit beats forecast

    Stockholm: Swedish banking group Swedbank (SWEDa.ST) reported first-quarter net earnings above market expectations on Tuesday and said it saw signs that the Swedish housing market is stabilising.

    Net profit fell to 5.03 billion Swedish crowns (423.9 million pounds), above a mean forecast for 4.68 billion in a Reuters poll of analysts and compared with 5.12 billion in the year-ago period.

    (Reuters) 

    Dutch employment agency Randstad's first quarter earnings rise on strong Europe growth

    Amsterdam: Randstad (RAND.AS), the world’s second-largest staffing company, said on Tuesday its core earnings rose 4 percent in the first quarter of 2018, lifted by strong growth across Europe. 

    Earnings before interest, taxation and amortisation (EBITA) rose to 217 million euros (190.2 million pounds) from a year earlier.

    (Reuters) 

    Suspects in Toronto van attack identified: CBC TV

    Toronto: The suspect in the Toronto van attack that killed nine people and injured 16 others is a 25-year-old man named Alek Minassian, the Canadian Broadcasting Corporation said on Monday. 

    CBC TV did not cite sources. A driver in a white van ploughed into a crowd in north Toronto, according to police and hospital officials. The driver was in custody, police said.

    (Reuters) 

    Japan finance minister Aso says he's not considering resigning

    Tokyo: Japanese Finance Minister Taro Aso said on Tuesday he was not considering resigning over recent scandals involving his ministry, including alleged sexual harassment by a top official and document alterations related to a controversial sale of public land.

    Aso was speaking to reporters after a regular cabinet meeting.

     (Reuters) 

     

     

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