France’s finance minister said he was confident the govt and construction group Vinci would agree on compensation after the govt scrapped plans to build a new airport.
France and Germany will make joint proposals to regulate the bitcoin cryptocurrency at the next summit of the G20 group of major economies in Argentina in March.
The euro zone must take its first steps towards reforming its economic regulations and institutions by the start of 2019 at the latest, French Min Bruno Le Maire said.
Bruno Le Maire said France plans to expand a law protecting its "strategic" industries from foreign takeovers by adding technologies such as AI to the list.
French gross domestic product growth will probably exceed the government’s forecast of 1.7% for this year, Finance Minister Bruno Le Maire said.
Germany and France will try to inject new momentum into their stalled EU reform efforts this week when their finance ministers meet in Paris.
Emmanuel Macron’s finance minister said there would be no new taxes during the president’s five-year mandate, which runs until 2022.
French govt aims to broaden its powers to block foreign takeovers of French companies deemed as strategic, to also include firms involved in data protection and AI.
Finance Minister Bruno Le Maire said France welcomes long-term investments from China, but only after screening deals to ensure French assets are not “looted”.
The French govt is planning a privatization bill as part of its program of asset sales, PM said in an interview that the state could cede control of some companies.
Completes acquisition of 49% stake in the projects from MBL Group
Total consideration of Rs 2,300 Cr
Projects involve 4-laning of sections of NH-72A & NH-73
Sets Rights Ratio Of 4 Fully Paid Shares For 25 Held
To issue up to 15.5 cr fully paid-up shares for up to Rs 8,000 cr
Sets Rights Issue Price At Rs 510/Fully Paid Share
To issue up to 7.8 cr partly paid-up shares for up to Rs 4,800 cr
Sets Rights Issue Price At Rs 615/Partly Paid Share
Gets 2 new orders worth Rs 205 Cr from Public Utilities Corp, Seychelles
Projects in waste water sector
Projects funded by European Investment Bank
Cos order backlog increases to Rs 2,200 cr, which is an all-time high
J KUMAR INFRAPROJECTS
Gets LOA for 2 projects from Delhi Metro Rail Corp
Work includes finishing works of 8 stations of Mumbai Metro Rail Project
Cost of Contracts stands at nearly Rs 57 cr
To acquire entire equity share capital of arm Travel News Services
Deal amounts to Rs 85 cr, with additional consideration of Rs 15 cr
Post acquisition, TNSI Retail to become step-down arm of co
TNSI JV Welcome Retail Private Limited to become step-down arm
Deal likely to be completed in 12-16 weeks
Note: Travel News Services (TNSI)
Effect of acquisition
Consolidation of retail business of FRL
To help FRL expand its presence at Airports, Metro Stations, Universities
Will have access to retail brand WH Smith", license for which is held by co
Note: Future Retail (FRL)