Hedge fund D.E. Shaw raises pressure on Emerson, calls for breakup
(Reuters) - Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than $20 billion worth of shareholder value.…
Whale Cloud targets order book of $100 million in India next year
The company is currently providing software solution to BSNL and Vodafone Idea.Alibaba group software firm Whale Cloud on Tuesday said it is targeting to have an order book of around USD 100 million by the end of next year in India.The…
Outreach by banks: Loans of Rs 82,000 cr disbursed in just 9 days, says FM Sitharaman
After a meeting with chiefs of PSBs and top government officials, finance minister Nirmala Sitharaman said the drive saw disbursement to all critical segments of the economy ahead of the Durga Puja festival.Loans to the tune of `81,781…
India asks OPEC not to cut oil production; seeks better commercial terms
Pradhan said the voice of India, the world’s third-largest energy consumer behind the US and China, is now being heard and OPEC Secretary-General has been taking its views to the meetings of the producers.Battling a slowing economy,…
Buffett’s Berkshire seeks Fed leeway to boost BofA bet: Bloomberg
FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4,…
Airtel to waive rental charges of select users in Jammu and Kashmir for service suspension phase
As per the guidelines of the authorities, Airtel has resumed postpaid mobile services in Jammu & Kashmir.Bharti Airtel on Tuesday said it has resumed postpaid mobile services in Jammu & Kashmir and will waive postpaid plan rental…
PMC Bank scam: Union wants cooperative banks under full control of RBI
The RBI only regulates and supervises their banking functions and thus has less control on management and carries out on-site inspections and off-site surveillance on them.In the wake of the scam at Punjab & Maharashtra Cooperative…
IMF cuts India’s growth HIGHLIGHTS: India’s growth projection revised to 6.1 per cent in…
The International Monetary Fund (IMF) on Tuesday cut India’s GDP growth projection for the year 2019 to 6.1 per cent, which is 1.2 per cent down from its April projections. The global institution in April said India will grow at 7.3 per…