Industry

 

AirAsia reintroduces Chennai-Bengaluru flights

Feb 24 2018 | 1 hrs ago

Budget carrier AirAsia has resumed its service in the Chennai-Bengaluru sector more than two years after it suspended operations in this route.

Google partners with OEMs to bring AR service to China

Feb 24 2018 | 1 hrs ago

To make further inroads in China, Google has partnered with three Chinese Original Equipment Manufacturers (OEMs) to bring its Augmented Reality service to the country.

Twitter tweaks its Direct Message feature for businesses

Feb 24 2018 | 1 hrs ago

Twitter has relaxed the rules for customer service Direct Messages (DMs) and introduced a new feature that makes sure businesses can always respond to the customers DMs.

Microsoft, Xiaomi to make AI-powered speakers, smartphones

Feb 24 2018 | 1 hrs ago

Taking on Apple and Google, Microsoft and Chinese electronics major Xiaomi have signed MoU to develop Artificial Intelligence powered budget speakers and smartphones.

Nordstrom family group finalizing take-private offer: Sources

Feb 24 2018 | 2 hrs ago

Nordstrom Inc’s founding family group is finalizing plans to submit an offer to take the U.S. department store operator private, people familiar with the matter said.

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Global Markets

 

Stocks In News

 

ULTRATECH CEMENT

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

IRB INFRA

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

BALAJI AMINES

Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide

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

ADANI TRANSMISSION

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

FORTIS HEALTHCARE

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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