India to provide incentives for chickpea exports

Mar 22 2018

India will offer incentives for chickpea exports for three months, as prices have plunged in the past six months on expectations of a record production this year.

CBA says AUSTRAC proceeding to move to mediation as per court orders

Mar 22 2018

CBA said the Federal Court of Australia has referred civil penalty proceedings initiated by AUSTRAC against the bank for mediation at the request of both the parties.

Rio Tinto to sell Queensland coal asset to Whitehaven for $200 mn

Mar 22 2018

Rio Tinto agreed to sell its 75% stake to Whitehaven for $200 million, as part of a strategic decision to exit coal and focus on growth in iron ore.

Australian banking inquiry hears Westpac mis-sold auto-finance

Mar 21 2018

Westpac auto-finance business approved applications that contained no expense information, an inquiry into Australia’s financial sector heard.

Israel's Elbit Systems sees more acquisitions after IMI

Mar 20 2018

Israeli defence firm Elbit Systems, which is in the final stages of buying state-owned rival IMI Systems, is already on the hunt for more acquisitions, its CEO said.

CBA in widespread insurance mis-selling, inquiry finds

Mar 19 2018

CBA sold credit card insurance to about 64,000 customers who were not eligible to claim against it, an inquiry into Australia’s financial sector heard.

Southeast Asia says gravely concerned about North Korea weapons

Mar 18 2018

Association of Southeast Asian Nations and Australia said they held “grave concerns” about escalating tensions caused by North Korea’s nuclear and missile programmes.

ASEAN, Australia reject protectionism amid fears of Trump trade w

Mar 16 2018

“You don’t grow stronger by closing the door to other markets. Protectionism is a dead end," Turnbull said.

USD climbs against most major currencies after economic data

Mar 16 2018

The US dollar rose to 0.9516 Swiss franc from 0.9448 Swiss franc, and it was up to 1.3057 Canadian dollars from 1.2941 Canadian dollars.

Australia's NAB says incentives 'root cause' of fraud

Mar 14 2018

NAB system of bonuses and incentives encouraged bankers to engage in fraudulent lending practices to boost their incomes.

Indian Markets


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Global Markets


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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