A jump in retroactive Islamic tax liabilities faced by Saudi banks is creating concern about damage to their earnings and the government’s motives in demanding the money.
Wyndham Worldwide Corp will sell its European vacation rental business to private equity firm Platinum Equity for about $1.3 billion (923.82 million pounds).
The budgeted fiscal deficit is in line with expectations but there are some risks of slippage in financial yr 2018-19, unless economic activities formalise at rapid pace.
Goldman Sachs Group, Barclays and Societe Generale SA are interested in buying the Equities, Markets and Commodities division of Germany’s Commerzbank AG .
Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a major stake in its Brazilian operations.
Trading revenue was down significantly across the industry during the fourth quarter, wrapping up a year in which clients around the globe sat idle.
Goldman Sachs expects more M&A deals in digital payments this year and on Thursday identified Wirecard and Ingenico as potential targets.
The Federal Reserve fined five large US banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.
Britain’s PM May will meet executives from major finance companies to give them a clearer idea of what Britain’s European Union exit will mean for them.
JPMorgan and Goldman Sachs paid their top bankers in Britain an average of $1.5 million each in 2016, compared with $1 million for local rivals HSBC and Barclays.
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