Day: May 22, 2018

Today’s M & A Deals_May 22, 2018

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M & A Deals :

  • Harsha Raghavan quits Fairfax, to float investment firm
  • UltraTech to acquire cement business of Century Textiles
  • E-tailer Infibeam buys UAE-based digital payments firm
  • State-run Rail Vikas Nigam gets nod for IPO
  • IndoStar Capital pares gains after listing at 5% premium
  • Former TaxiForSure execs’ startup Rocketium gets seed funding

 

Image result for infibeam

 

Morning Business News Round Up_May 22, 2018

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  •   India to achieve 9 per cent growth rate by 2022
  •   China to buy large amounts of US farm exports: Trump
  •  Related image Rising crude may stretch CAD to 2.5 pc of GDP in FY19
  •   CBI charge-sheets Rotomac promoters
  •   US issues steep list of demands for treaty with Iran
  •   SBI and PNB just got a $5.2 bn breather, but it may not last
  •   Google may face $4.3 bn claim in iPhone privacy case
  •   Fortis faces MCA probe for mismanagement, EGM to seal takeover    on Tuesday
  •   NCLAT hope for L&T, firm to argue case on Tuesday for Bhushan      Steel dues
  •   Two consecutive years of better monsoon, MSP hike lift rural              demand
  •   Markets drop for fifth straight session on rising crude oil prices
  •   Canada, US, Mexico to renegotiate new NAFTA deal, bring it to conclusion
  •   Foreign investments in Indian start-ups doubled to $16,728 million in 2017
  •   Set sugarcane pricing free: Industry body ISMA to Govt
  •   At 33.26 mt, wheat purchases exceed target by 4%
  •   Rail Vikas Nigam gets SEBI’s nod to launch IPO
  •   L&T’s hydrocarbon arm bags Rs 3,800-cr worth orders
  •   Colgate Palmolive profit rises 25%
  •   India’s Q4 GDP growth likely at 7.4%: Icra
  •   UAE to allow 100% business ownership to foreign investors
  •   NSE to delist Kingfisher Airlines, 17 others from 30 May
  •   Glenmark gets USFDA nod for generic version of Welchol tablets
  •   Moody’s downgrades PNB on impact of Nirav Modi fraud
  •  Sensex ends down 232 points as 1970 BSE stocks drop; PSU banks surge on mega resolution
  •   Income Tax department to file pleas in NCLT to extract tax due from shell firms
  •   Finmin ties up with 40 entities to extend funding under Mudra scheme
  •   Government to step up coal supply to power plants from May 19 -June 30
  •   FinMin rules out raising equity investment limit for pension funds
  •   Airlines may get nod to tap ECB window for low-cost funds
  •   Banks have tapped just a third of credit-worthy consumers: Report
  •   CAIT to move CCI against Flipkart-Walmart deal
  •   Gems & jewellery exports dip 22% in April