Oil prices rose by 1 percent, recovering at least some of last week’s steep losses as Asian stock markets found their footing after days of chaotic trading.
She did not give details of the reforms she wanted to see beyond saying authorities needed to move to regulation of activities, not entities.
The yen rose to within sight of a four-month high against the dollar on safe-haven buying as a slump in global stock markets rolled across Asia.
The correction will continue to take place until equity returns balance out with bond yields. That should imply a sustained downward trend in the stock markets.
Asia’s factories got off to a strong start in 2018, with manufacturing activity in many countries gaining momentum and hitting multi-year highs as global demand.
The Economic Survey tabled in Par said that "sustaining" current stock valuations in India requires "future earnings performance to rise to meet still high expectations".
Oil prices hit fresh two-and-a-half year highs and were at levels last seen at the start of the commodity slump in 2014/2015, with markets tightening.
RBI eased rules for short-selling in govt bonds, allowing traders to deliver securities from their own portfolio against short sales in exceptional situations.
With US stock markets climbing to new highs in October, global investors raised US equity holdings to seven-month highs.
Global stock markets hit a record high with investors in exuberant mood in the United States overnight and in Asia later, but sentiment in Europe was soured.
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