Germany's biggest lender Deutsche Bank said that Donald Trump's tax reforms in the US pushed it into the red in 2017.
Deutsche Bank posted its third consecutive annual loss in 2017, taking a hit from challenging markets, a drop in investment bank revenue and a US tax reform.
Harley-Davidson fell short of its targets for motorcycle shipments in 2017 and forecast a drop in numbers for this yr, sending the Milwaukee-based company’s shares down.
Pfizer Inc beat analysts’ estimate for adjusted profit helped by strong demand, while also reporting an $11 billion gain from the new tax law.
IMF chief Christine Lagarde said all major developed and developing economies are doing well and let's celebrate but not forget risks facing global economy.
US industrial conglomerate Honeywell International Inc reported a better-than-expected quarterly profit and raised its 2018 earnings forecast, citing lower tax rates.
Lenovo Group Ltd said it expected to make a one-off charge of $400 million for nine months ended in December due to a reassessment of U.S. deferred tax assets.
The Bank of Canada raised interest rates, as expected, but said that while more rate hikes are probably warranted.
Industry body Ficci urged the government to lower the corporate tax rate to 28 percent from 30 percent in the forthcoming Budget.
Goldman Sachs is going to lose on the swings but gain on the roundabouts as a result of President Donald Trump’s tax reforms.
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