Latvian bank ABLV seeks 480 mn euro loan to reopen its doors

Feb 22 2018

One of Latvia’s largest banks has asked for a 480 mn euro loan from the country’s central bank as part of efforts to reopen for business.

Nippon Life CIO: 'Goldilocks' scenario near end, plans to sell stocks

Feb 22 2018

Nippon Life is likely to sell shares when they rise further, as the rally in risk assets driven by expectations of a “Goldilocks” scenario continuing is nearing an end.

Euro, yield rise not unwarranted tightening: ECB's Vasiliauskas

Feb 21 2018

ECB’s Vitas Vasiliauskas said a rise in euro zone bond yields and the value of the euro currency is a natural reaction to the bloc’s strong economic performance.

It is not certain the next ECB chief will be Germany's Weidmann

Feb 21 2018

Italian Economy Minister Pier Carlo Padoan said that it should not be taken for granted that Germany’s Jens Weidmann will be the next European Central Bank governor.

Euro zone yields up as ECB speculation mounts

Feb 21 2018

Euro zone govt bond yields edged up as market speculation swirled over the next ECB chief at a time when monetary policy is the main threat for bond markets.

European Central Bank halts all payments by ABLV Bank amid probe

Feb 19 2018

European Central Bank has stopped all payments by ABLV Bank, Latvia’s third biggest lender, as it’s facing accusations of money laundering, the ECB said in a statement.

Rupee extends gains, hits two-week high of 63.91 vs US dollar

Feb 15 2018

Extending gains for the 3rd straight session, the rupee advanced by 18 paise to close at 63.91 per dollar on sustained selling of the US currency by exporters and banks.

Cash is king no more in Germany as plastic money gains ground

Feb 14 2018

Cash is king no more in Germany, denting a historical supremacy over other means of payments rooted in the country’s longing for privacy and freedom.

Equity holdings in biggest one-month fall in two-years: BAML survey

Feb 13 2018

Global investors cut equity holdings by the most in 2-years in Feb, a Bank of America Merrill Lynch survey showed, as world shares had their worst week since early 2016.

Rupee slips to near 2-month low on capital outflow fears

Feb 09 2018

The rupee fell 14 paise against the greenback to end at a near two-month low of 64.40 on bouts of dollar demand from importers and banks.

Indian Markets


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Global Markets


Stocks In News



Ultratech Cement leads race to take over Binani Cement

Offers around Rs 6,200 cr, 20% stake in co to unsecured financial creditors

Dalmia Bharat offers Rs 6,300 Cr

Dalmia seen to lose as UltraTech offering equity stake to creditors

Final decision on winner to be ratified by NCLT

Business Standard Reporst


4 companies put in bids for 9 operational national highways under ‘toll-operate-transfer’ model

Brookfield Asset mgmt, Macquarie, IRB Infra and Roadis- NIIF are cos in fray

NHAI hopes to generate more than Rs 6000 cr Under TOT model

auction will involve five highways running across Andhra Pradesh and four in Gujarat
total length of these highways is just under 700 km

Successful bidder to get toll collection rights for 30 years


Ministry of Commerce recommended Central Govt Anti dumping duty on Dimethylacetamide

Recommend duty for 5 Yrs on DMAC originating from China and Turkey


Co bags Rajasthan Project

Received a LOI to construct, own, operate and maintain Fatehgarh-Bhadla transmission project in Rajasthan

Received LOI from PFC Consulting Ltd, an arm of Power Finance Corporation

With this project, ATL will strengthen its existing presence in Rajasthan with 2 operational transmission projects and 4 under construction assets

On completion of this acquisition cumulative transmission network will reach 12000 ckt kms, out of which ~9000 ckt kms under operation

Transformation capacity of ATL will also increase to 19,300 MVA from 35 substations


To be out of F&O if it does not declare quarterly results by March 1

All existing F&O contracts will expire on March 28

No fresh contracts will be available if the firm fails to submit results for quarters ended September and December 2017 by March 1

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