The threat of a global trade war sent stock markets sliding and investors rushing for the safety of currencies like the yen and government bonds.
Mounting fears of a global trade war after the US slapped tariffs on imports from China sent British stocks to a fresh 15-month low.
Steve Wynn, has disposed his entire 11.8 percent stake in the firm for $2.1 billion in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago.
The world is facing serious challenges as the US is taking protectionist measures and India needs to explore ways to boost exports, Commerce Minister Suresh Prabhu said.
Huawei may launch a smartphone with a whopping 512GB internal storage. A model with this specification has been spotted on China's regulatory body website TENAA.
Rio Tinto expects the global iron ore market to stay balanced through 2019 despite a likely moderation in steel demand growth in China, world’s biggest steel consumer.
European shares fell with tech, basic resources stocks and banks bearing the brunt of a wide sell-off triggered by worries that US tariffs could escalate into trade war.
Naspers has raised $9.8 bn from the sale of a 2% stake in Tencent to strengthen its balance sheet and fund growth in its e-commerce businesses, it said on Friday.
Nissan said it planned to sell 1 million electric vehicles annually by 2022, including all-battery EVs and cars powered by its “e-Power” gasoline hybrid technology.
Sensex and Nifty dived more than 1%, in line with global markets as heated rhetoric between the US and China over import tariffs led to global trade war fears.
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
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