Industry

 

Dropbox files for IPO of up to $500 million

Feb 24 2018 | 2 hrs ago

Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission.

Citigroup Inc discloses credit card rate issues

Feb 23 2018

Citigroup Inc (C.N) said that it had found problems with how it figures credit card interest rates and that it will provide “remediation” to affected customers.

VW 2017 profit nearly doubles amid luxury sales surge, brand cuts

Feb 23 2018

Volkswagen said full-year profit nearly doubled last year, helped by record sales of luxury Audi and Porsche models and cost cuts at its VW mass-market brand.

Jubilant Life Sciences' promoters sell stake worth Rs 455 cr

Feb 23 2018

Two promoters of drug firm Jubilant Life Sciences sold 3 percent stake in the company for over Rs 455 crore, through open market transactions.

LIC trims stake in Tata Global Beverages to 3.62 pc

Feb 23 2018

State-owned LIC of India has reduced its share holding in FMCG firm Tata Global Beverages Ltd (TGBL) to 3.62 percent by selling 2.05 percent stake in open market.

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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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