SBI approves plan to raise up to $2.3 billion in capital

Mar 15 2017

SBI said its board had approved a plan to raise up to 150 bn rupees ($2.3 bn) from capital markets in the next fiscal year.

Govt attacked over farmers' suicides, demonetisation

Mar 15 2017

Participating in a debate on Demand for Grants for Agriculture, the opposition members demanded debt waiver to help stressed farmers.

Snap shares hit new low in choppy trading

Mar 15 2017

Snap has raised some eyebrows on Wall St, with analysts flagging the company's slowing user growth and widening losses.

Cabinet okays sale of IOC's 24 pc stake in Lubrizol India

Mar 15 2017

The Cabinet approved sale of Indian Oil's 24% stake in Lubrizol India Pvt Ltd to Lubrizol Corp, USA for an undisclosed sum.

US retail sales weakest in six months; inflation firming

Mar 15 2017

US retail sales recorded their smallest increase in six months in Feb as households cut back on motor vehicle purchases.

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Stocks In News



Acquires Cynosure Inc and Cynosure Interface Solutions for $31mn and Rs13cr respectively

To add platform capabilities in the insurance segment which contributes 15% of total business

The Acquisition is expected to close within the next 3 months


Sells Essar Steel loan to Deutsche Bank

Has sold its $385 mn Foreign currency loan extended to Essar Steel

Bank has taken a 38% haircut

Rs 1600 cr is expected earnings to the bank from the deal

Economic Times Reports


To Sell 50% stake in prime Mumbai office assets to Blackstone for $1.3bn

The co is also in discussions to sell its residential and commercial projects in Chennai

To convene shareholder’s meet on 23rd March in regard to the proposed divestment

Mint Reports


Gets Order Worth Rs 230 Cr From NTPC

To perform the pressure part metallurgy upgradation for 3 660MW super critical steam generators

Will help NTPC commission the 3x 660MW plant started 12years


Declared L1 bidder for EPC Project in UP worth Rs 677cr from NHAI

The completion period for the project is 30 months

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