Play this video BTVI

Stocks In News



Blackstone to buy 80% in Pune mall for Rs 310 Cr 

Blackstone Group is set to buy an 80% majority stake in Nitesh Hub

Remaining stake in the mall will remain with Nitesh Estates

Mint Reports


Eyes palm oil business and may join race to acquire Ruchi Soya

Godrej Agrovet is yet to formally approach Ruchi Soya on the same

ITC , Patanjali Ayurved and Emami are other cos which have shown interest

Mint Reports


SC upholds sale of hotel property of Blue Coast Hotels by co

Earlier, Bombay HC had set aside the sale

SC sets aside Bombay HC ruling

SC allows IFCI to retain sale proceeds of Rs 515.4 cr


Gets USFDA nod for ANDA for Metformin Extended Release tablets

Gets approvals for drugs of strength 500 mg, 750 mg

Approved ANDA bioequivalent of Glucophage XR of Bristol Myers Squibb

Co eyes to commercialise product soon


Gets Shareholders' Nod for sale of equity shares of unit Hypercity Retail

FPI limit under Portfolio Investment Scheme increased from 24% to 49%


    33,025.16 102.04   (0.31 %)

    10,137.15 42.90   (0.42 %)
Play this video BTVI
Relief for Gitanjali's independent directors

News In Brief


    Kremlin says Trump's failure to congratulate Putin not 'unfriendly act'

    Moscow: Moscow does not regard as an unfriendly act U.S. President Donald Trump’s failure to congratulate Russian President Vladimir Putin on his victory in Sunday’s presidential elections, the Kremlin said on Tuesday. 

    “We don’t consider this an unfriendly act. As you know, President Putin is open to normalising relations,” Kremlin spokesman Dmitry Peskov said on a phone call with reporters.


    UN calls for Turkey to revoke emergency decree, halt violations

    Geneva: The United Nations called on Turkey on Tuesday to end the state of emergency that it said had led to massive human rights violations including the arrest of 160,000 people and dismissal of nearly the same number of civil servants, often arbitrarily. 

    President Tayyip Erdogan declared the emergency after a failed July 2016 coup and issued more than 20 decrees which have often led to torture of detainees, impunity and interference with the judiciary, the U.N. human rights office said. Turkey should “promptly end the state of emergency and restore the normal functioning of institutions and the rule of law,” it said in a report.


    Russia says 65 percent of Syria's eastern Ghouta is free of rebels: RIA

    Moscow: Russian Defence Minister Sergei Shoigu said on Tuesday that 65 percent of territory in Syria’s eastern Ghouta had been “liberated from terrorists,” the RIA news agency reported. 

    His ministry said earlier on Tuesday that the total number of civilians, mostly children, who had been evacuated from the district since the start of a humanitarian operation has risen to 79,702.


    Saudi Prince Alwaleed says in talks with government on local co-investments: Bloomberg TV

    Dubai: Saudi Prince Alwaleed bin Talal, the chairman of Kingdom Holding 4280.SE, is in talks with the government’s Public Investment Fund about co-investments inside the kingdom, he told Bloomberg TV in an interview that was aired on Tuesday. 

    Prince Alwaleed said the talks had begun before his detention at Riyadh’s Ritz-Carlton in an anti-corruption drive, and focused around putting his Four Seasons hotel in the fund’s Red Sea Project and entertainment district outside Riyadh. The prince also said Kingdom Holding was on the verge of getting between $1 billion and $2 billion in financing facilities for new investments.


    BOJ new deputy gov Amamiya: not in deflation but price goal still distant

    Tokyo: Japan is no longer in deflation but consumer prices still have not reached the Bank of Japan’s 2 percent inflation target, one of the Bank of Japan’s two new deputy governors said on Tuesday.

    Masayoshi Amamiya, newly appointed as deputy governor to the BOJ, also told reporters that he wanted to measure both the benefits and side-effects of the BOJ’s quantitative easing. The new deputy governors were approved last week in parliament, where Prime Minister Shinzo Abe’s ruling coalition holds a comfortable majority in the both chambers.


    UK investigating Facebook's response to alleged data breach

    London: Britain’s data protection authority is investigating whether Facebook responded robustly to reports that political consultancy Cambridge Analytica improperly gained access to data on 50 million of its users.

    Britain’s Information Commissioner Elizabeth Denham is seeking a warrant to search the offices on Tuesday of the London-based firm as part of a wider probe into the use of personal data. “We are looking at whether or not Facebook secured and safeguarded personal information on the platform and whether when they found out about the loss of the data they acted robustly and whether or not people were informed,” she told BBC Radio.


    BOJ new deputy gov Wakatabe: to ease further if necessary

    Tokyo: One of the Bank of Japan’s two new deputy governors, Masazumi Wakatabe, said on Tuesday that the central bank must avoid making a premature shift in policy but should ease further without hesitation if it became necessary. 

    Wakatabe said he would steadily pursue policy to achieve the BOJ’s 2 percent inflation target in a stable manner. Wakatabe is an academic known as vocal advocate of aggressive monetary stimulus. He and career central banker Masayoshi Amamiya were approved for the deputy posts last week in parliament.


    Ryanair expands in Germany, Austria with Laudamotion stake buy

    Berlin: Ryanair plans to buy a stake in new Austrian leisure carrier Laudamotion, helping Niki Lauda to get the airline up and running and giving Ryanair a bigger foothold in Germany and Austria.

    Ryanair has agreed to buy an initial 24.9 percent stake in Laudamotion, formed out of the insolvent Niki carrier that was part of Air Berlin, and plans for that to rise to 75 percent “as soon as possible”, subject to EU approval. The Irish low cost carrier will invest under 50 mn euros ($61.7 mn) in the purchase, though will also provide an additional 50 million euros in funding for start-up and operating costs in the first year.


    N Korea denuclearisation not on agenda in Helsinki talks: Finnish foreign min

    Helsinki: Denuclearisation is not on the agenda in the meeting with North Korean, South Korean and American delegations taking place in Helsinki, Finnish foreign minister Timo Soini said on Tuesday.

    “This is a so-called 1.5 track meeting with academics and officials, with Finland only a facilitator ... But since we talk about 1.5 track, I think there will be no talk about nuclear weapons," Soini said.


    Videocon Industries exits insurance business

    India’s Videocon Industries Ltd said on Tuesday it sold its entire stake in its joint venture with U.S.-based Liberty Mutual Insurance Group to Diamond Dealtrade Ltd and Enam Securities Pvt Ltd.

    Videocon, which had a 51.32 percent stake in the venture, Liberty Videocon General Insurance Company Ltd, sold 26 percent stake to DP Jindal Group’s Diamond Dealtrade and the remaining to Enam Securities. The JV will change its name to Liberty General Insurance Company Ltd.


    Steinhoff says considering all options to help cut debt

    Johannesburg: Crisis-hit South African retailer Steinhoff (SNHJ.J) (SNHG.DE) said on Tuesday it is considering “all of its options” in order to support its liquidity after a report on Monday that the retailer could sell a stake in its African unit.

    The sale of shares in Steinhoff Africa Retail (SRRJ.J), in which Steinhoff owns a 77 percent stake, would come through an accelerated bookbuild, Bloomberg said, quoting unnamed sources familiar with the matter.


    DUP not concerned by Brexit transition deal - source

    Belfast: Northern Ireland’s Democratic Unionist Party is not concerned by the British government’s commitment on Monday to a “backstop” solution to avoid a hard post-Brexit border as no final agreement has been made, a party source said.

    “There is nothing from today’s announcement to concern us. The border issue has not been resolved at this stage and we didn’t expect it to be,” the source said.


    Rajya Sabha adjourned for the day

    New Delhi: The Rajya Sabha was adjourned for the day on Tuesday amid pandemonium created by the opposition parties over different issues soon after Chairman M. Venkaiah Naidu took up Zero Hour.


    Wood Group sees modest growth in core profit this year

    Oilfield services company John Wood Group Plc (WG.L), which bought smaller rival Amec Foster Wheeler last year, forecast modest growth in core profit for 2018 after reporting an 11.1 percent fall in full-year earnings.

    The company said earnings before interest, tax and amortization fell to $598 million, from $673 million a year earlier, on a pro forma basis, as its core oil and gas business remained challenging.  Revenue fell 12 percent to $9.9 billion on a pro forma basis.


    Russia says 79,702 civilians evacuated from Syria's eastern Ghouta

    Moscow: The total number of civilians, mostly children, who have been evacuated from Syria’s besieged eastern Ghouta district since the start of a humanitarian operation has risen to 79,702, Russian defence ministry said on Tuesday.

    It said in a statement posted on its website that on Monday, 6,046 civilians left the district via humanitarian corridors.


    No change in foodgrain prices

    Chennai: Prices of all commodities remained unchanged on the second day 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 7,200, Urad Dal Rs 6,700, Moong Dal Rs 7,200, Gram Dal Rs 4,900, Sugar Rs 3,500, Wheat Rs 2,700, Maida (90 kg) Rs 2,600 and Sooji (90 kg) Rs 3,000. 



    South Africa appoints acting commissioner for revenue service

    Johannesburg: South Africa on Tuesday appointed Mark Kingon as acting Commissioner for its revenue service following the suspension of Tom Moyane, the Treasury said in a statement.

    President Cyril Ramaphosa suspended Moyane on Monday pending disciplinary action, citing a deterioration in public confidence in the South African Revenue Service.


    Prince Alwaleed's Kingdom Holding likely to spin off assets: Bloomberg

    Dubai: Saudi Arabian investment firm Kingdom Holding is likely to split its $13 billion of assets through a spin-off of domestic property and other holdings, its billionaire chairman Prince Alwaleed bin Talal said. 

    Prince Alwaleed also told Bloomberg in a television interview that he was working with advisors, including Goldman Sachs, to look for investments as large as $3 billion for Kingdom.



Global Markets


twitter @BTVI