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Stocks In News

 

CADILA HEALTH

To Consider Fund Raising Via Shares, Bonds On May 24

RUCHI SOYA

Adani-Wilmar JV Competes Patanjali To Buy Entire Stake Of Co

Deal Valued At Around Rs 5,000 Cr

Economic Times Reports

FORTIS HEALTH

Fortis Faces MCA Probe ahead of EGM

Director General to look into mismanagement charges

3 Directors nominated by promoters to quit the Board on May 22

Govt may take over the co if mismanagement reported

Business Standard Reports

BHARTI AIRTEL

Bharti's Cedar Svcs May Sell Stake Of 9.23% In Future Retail & Ent

Deal Size Valued At Rs 2,500 Cr

Economic Times Reports

FUTURE RETAIL

Acquires Foodworld Supermarkets At Rs 40 Cr

Foodworld OSouthern India

Expects acquisition to be completed within 10-12 weeks

  • SENSEX

    34,522.40 177.49   (0.52 %)
  • NIFTY

    10,466.30 35.95   (0.34 %)
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4 years of Modi government: Hits & misses

News In Brief

 

    Russia to deliver 10 Su-35 fighter jets to China this year: Ifax

    Moscow: Russia’s state conglomerate Rostec will supply China with 10 Su-35 fighter jets this year, Interfax news agency reported on Thursday, citing Rostec. 

    The corporation said China would buy 24 fighter jets in total in a deal worth around $2.5 billion, according to Interfax. It had already supplied China with 14 Su-35 fighter jets in 2016 and 2017, the agency said.

    (Reuters) 

    Deutsche Bank to cut staff to well below 90,000 from current 97,000

    Frankfurt: Deutsche Bank (DBKGn.DE) said on Thursday that it would shrink global staff to well below 90,000 from the current 97,000, as part of a broad restructuring move to reduce costs and restore profitability.

    The bank said that it would cut headcount by 25 percent in its equities sales and trading business following a review of the business.

     (Reuters) 

    Yemen appoints new minister of foreign affairs: SABA

    Dubai: Yemeni President Abd-Rabbu Mansour Hadi has appointed Khaled al-Yamani as foreign minister, replacing Abdel-Malek al-Mekhlafi, according to a statement posted on Thursday by state news agency SABA. 

    Mekhlafi will become an adviser to the president, the statement said. Yemeni ambassador to the United States Ahmed Awadh bin Mubarak will take up Yamani’s position as Yemen’s representative to the United Nations while also remaining in his current role.

     (Reuters) 

    China's CCCC says has not received notification of Aecon deal rejection from Canada

    Shanghai: China Communications Construction Co (CCCC) (601800.SS)(1800.HK) has yet to receive documents from the Canadian government on its rejection of the Aecon Group (ARE.TO) deal, an official in the firm’s investor relations team told Reuters. 

    Canada on Wednesday blocked a proposed takeover of the construction company by a CCCC unit. The CCCC official said that it will issue a statement once it receives the documents.CCCC International Holding Ltd, the overseas investment and financing arm of China Communications, had offered to buy Aecon for C$1.51 billion (884 million pounds) in October.

     (Reuters) 

    China says has good potential in cooperation with Germany in new energy cars, AI

    Beijing: China’s commerce ministry said on Thursday that the nation has good potential in cooperation with Germany in sectors such as digitalization, new energy cars, artificial intelligence and driverless cars. 

    The comments were made by ministry spokesman Gao Feng at a regular briefing in Beijing.

    (Reuters)

    China says hopes to work with Japan, South Korea on FTA as soon as possible

    Beijing: China hopes to work with Japan and South Korea to reach a mutually beneficial free trade agreement as soon as possible, the Chinese commerce ministry’s spokesman said on Thursday.

    China and South Korea will complete the second phase of their free trade agreement negotiations as soon as possible to boost trade, the ministry’s spokesman, Gao Feng, said at a regular news briefing.

    (Reuters) 

    Germany's Merkel says China's investments in Germany are in order

    Beijing: China’s investments in Germany are in order and favourable to Germans, German Chancellor Angela Merkel said on Thursday at Beijing’s Great Hall of the People during a two-day visit to China.

    Merkel made the comment in a joint news briefing with China’s Premier Li Keqiang.

    (Reuters) 

    China's Premier Li says China and Germany uphold free trade

    Beijing: China’s Premier Li Keqiang said on Thursday China has always supported a unified and prosperous Europe and that China and Germany uphold free trade.

    Li said at a joint news briefing at Beijing’s Great Hall of the People with visiting German Chancellor Angela Merkel there was huge potential for cooperation between China and Germany.

    (Reuters) 

     

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