BRIEF-Jindal Photo to sell 7 mln shares in Jindal India Powertech to Jindal Poly Investment & Finance Co
March 24 (Reuters) – Jindal Photo Ltd: * Approved to sell 7 million shares held by co in JindalIndia Powertech Ltd for up to 35 million rupees to Jindal PolyInvestment and Finance CoSource text: (http://bit.ly/2ndsZSj)Further company coverage:
Samsung Elec rejects calls for holding company structure, for now
By Se Young Lee SEOUL (Reuters) – Samsung Electronics Co Ltd on Friday said it will not adopt a holding company structure for now, rejecting demands from U.S. activist hedge fund Elliott Management and putting off a long-anticipated restructuring. Investors had expected the global leader in smartphones and memory chips to adopt a holding company […]
Uber grounds self-driving cars after accident
Author: Agence France PresseSun, 2017-03-26ID: 1490507332488179800 WASHINGTON: Uber has grounded its fleet of self-driving cars pending an investigation into the crash of an Uber autonomous vehicle in Arizona, a spokesperson for the car-hailing service said Sunday. No one was seriously injured in the accident which occurred Friday in Tempe, Arizona while the vehicle — a Volvo SUV […]
Britain’s poorest, excluded from banking, turn to high-cost credit: Report
Author: ReutersSun, 2017-03-26ID: 1490465141173094300LONDON: Poorer people in Britain are being excluded from the financial system and forced to rely on expensive and substandard banking products, according to a report by British lawmakers published on Saturday. There are 1.7 million adults in the country that do not have access to a bank account, the report said, raising the […]
World equities wobble as Trump health bill vote canceled
Author: AFPSun, 2017-03-26ID: 1490465141213094900NEW YORK: World equity markets wobbled Friday, with US stocks finishing mostly lower, as investors monitored a swirl of negotiations surrounding President Donald Trump’s health care replacement bill, before the surprise decision to cancel the vote in Congress.The fate of the repeal of former President Barack Obama’s signature legislation has been seen by the […]
How a border tax could divide Boeing and its suppliers
Author: Alwyn ScottSun, 2017-03-26ID: 1490465141193094600SEATTLE: A US tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co. and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.US automakers and other manufacturers that rely on imported components also would be affected by the proposals, […]
EU recommends suspending drugs tested by Indian firm
Author: ReutersSun, 2017-03-26ID: 1490465141153094000LONDON: Europe’s medicines regulator has recommended the suspension of more than 300 generic drug approvals and drug applications due to “unreliable” tests conducted by Indian contract research firm Micro Therapeutic Research Labs (MTR).The decision, announced by the European Medicines Agency (EMA) on its website, is the latest blow to India’s drug-testing industry, which has […]
India’s Reliance Industries penalized for alleged fraud
Author: The Associated PressSun, 2017-03-26ID: 1490464627633013200NEW DELHI: India’s markets regulator has barred Reliance Industries and 12 others from trading in equity derivatives for a year for alleged fraudulent trades made 10 years ago.The multibillion-dollar Reliance Industries rejected the ruling by the Securities and Exchange Board of India (SEBI) and said it would appeal the order.In its ruling […]
Renewed debate over benefits of Keystone pipeline
Author: The Associated PressSun, 2017-03-26ID: 1490464627623013000 WASHINGTON: President Donald Trump is calling his administration’s approval of the Keystone XL pipeline a new era for American energy policy. As expected, the State Department reversed a decision by the Obama administration and favored energy development over environmentalists’ objections to the pipeline, which will carry thick Canadian crude oil to […]
US business spending picking up
Author: ReutersSun, 2017-03-26ID: 1490464627583012700WASHINGTON: New orders for US-made capital goods unexpectedly fell in February, but a surge in shipments amid demand for machinery and electrical equipment supported expectations for an acceleration in business investment in the first quarter. Manufacturing is recovering from a prolonged slump, driven by the energy sector, bucking a slowdown in the broader economy. […]
