Indonesian president nominates Perry Warjiyo to head central bank

Feb 24 2018 | 1 hrs ago

Indonesian President Joko Widodo has nominated Perry Warjiyo, a deputy governor at Bank Indonesia (BI), as his nomination for central bank governor.

ECB pulls the plug on Latvia's failing ABLV Bank

Feb 24 2018 | 2 hrs ago

Latvian lender ABLV Bank is failing or likely to fail and will be wound up as saving it is not in the public interest, the EU’s Single Resolution Board and the ECB said.

US banks set for M&A wave as Trump cuts red tape

Feb 23 2018

An easing of financial rules will soon unleash pent-up mergers and acquisitions among mid-sized U.S. banks, according to deal bankers, analysts and bank executives.

India Inc's overseas investment down 70% at $ 866 mn in Jan

Feb 23 2018

Overseas investment by Indian companies fell by nearly 70 percent to USD 866 million in January this year, as per data showed by Reserve Bank.

Rupee rebounds 31 paise to 64.73 on positive global cues

Feb 23 2018

The rupee regained strength to close at 64.73 a dollar, advancing by a good 31 paise, amid indication that the US Federal Reserve may go slow on rate hikes.

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Stocks In News



Ultratech Cement leads race to take over Binani Cement

Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors

Dalmia Bharat offers Rs 6,300 Cr

Dalmia seen to lose as UltraTech offering equity stake to creditors

Final decision on winner to be ratified by NCLT

Business Standard Reporst


4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model

Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray

NHAI hopes to generate more than Rs 6000 cr Under TOT model

auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km

Successful bidder to get toll collection rights for 30 years


Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide

Recommend duty for 5 Yrs on DMAC originating from China and Turkey


Co bags Rajasthan Project

Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan

Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation

With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets

On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation

Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations


To be out of F&O if it does not declare quarterly results by March 1

All existing F&O contracts will expire on March 28

No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1

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