Sherborne acquires 5 percent voting rights in Barclays

Mar 19 2018

Sherborne has acquired voting rights of 5.16 percent in Barclays’ issued share capital, sending the British bank’s shares up more than 3 percent.

Barclays Kenya launches mobile app, eyes 5 mn new customers

Mar 16 2018

Barclays Kenya launched an app to allow customers to borrow up to 150,000 shillings ($1,484) for 30 days using their phones.

NTPC raises $400 million from international markets

Mar 14 2018

NTPC said it has raised USD 400 mn through issuance of medium term note in the international markets on March 12.

Five banks open up trillion dollar gold club

Mar 08 2018

The 5 banks that settle every transaction in London’s $6.8 tn a year gold market are changing the rules of their clearing house to make it easier for newcomers to join.

India will be in step with world on 5G: Sunil Bharti Mittal

Feb 28 2018

"India will be in step with the world, as world starts to roll out 5G technology in commercial sense, most likely in 2020 is the time," Mittal told reporters.

Reliance Jio, Cisco to deploy multi-access edge computing

Feb 27 2018

Cisco and Reliance Jio announced that both the companies are working together to leverage the power of multi-access edge computing.

Vodafone group CEO terms Trai predatory pricing rule as 'unfair'

Feb 26 2018

Vodafone termed Trai's new rule on predatory pricing as "unfair" and said the company has to fight the competition "with hands tied at the back".

Sony pins hopes on 4K video to revive smartphone sales

Feb 26 2018

Sony is turning its focus to 4K high-definition video recording in its new Xperia XZ2 smartphone to differentiate itself from rivals that have caught up in camera tech.

Airtel joins 'Seamless Alliance' to bring in-flight connectivity

Feb 26 2018

Airtel has joined the 'Seamless Alliance', which would empower mobile operators and airlines to extend their services into airline cabins, a company statement said here.

Earnings and ex-divs blight UK's FTSE; Barclays a bright spot

Feb 22 2018

Disappointing results, big stocks going ex-dividend and concerns over rising bond yields hit Britain’s top share index on Thursday, pulling it to a one-week low.

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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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