Revenues in Credit Suisse’s Global Markets trading division have fallen since mid-February, CEO Tidjane Thiam said, helping spur a drop in the Swiss bank’s shares.
Daniel Ek, the CEO of Spotify, is eligible to sell up to 15.8 mn shares of the company worth up to $2 billion in its direct listing, the company disclosed in a filing.
China’s Nio has hired 8 banks including Morgan Stanley and Goldman Sachs to work on a planned US stock market listing this year worth up to $2 billion.
BASF was aiming for a gain of up to 10% in group operating profit this year as it bets on a rebound in specialty chemicals to offset an expected weaker performance.
BSE Sensex gained over 132 points to 34,578.39 in early trade today, rising for the third straight session today on buying by DIIs amid strong global cues.
Inflation is expected to trend higher and though RBI may keep policy rates on hold in 2018-19, there are also increasing chances of a rate hike, says a UBS report.
India's economic recovery is expected to have gathered momentum and GDP growth for the Dec quarter is likely to have accelerated to 7%, says a report.
Monetary Policy Committee's next move will likely be a rate hike but this will not be taken up immediately as a recovery is still at nascent stage, says Morgan Stanley.
PNB, will need to honour the “bonafide” transactions that have occurred through the bank’s platform, a finance ministry official said.
The Reserve Bank is expected to be in wait-and-watch mode in the near term, and is likely to maintain status quo, through the first half of this year, says a report.
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