Steel industry: Outlook turning positive for players
India’s steel demand has likely been flat/down YTD. Steel prices fell below the anti-dumping floor briefly in Oct19.Expecting global steel prices to rise on greater likelihood of China easing and potential demand upside in ROW and India,…
SoftBank’s $3 billion WeWork financing talks stall with Japan banks, say sources
One option is to use some of SoftBank’s 26% stake in Chinese e-commerce major Alibaba Group Holding Ltd as collateral, the people said. (Reuters)SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have…
Sensex turns volatile in early trade; Titan top gainer, RIL top loser
Image: PTIEquity benchmark BSE Sensex turned volatile on Monday, dropping over 150 points in opening session amid stock-specific action after a rejig of its constituents. Yes Bank, Vedanta, Tata Motorsand Tata Motors DVR have exited the…
L&T Technology Services bags multi-million-dollar project in Europe
The expansion project will be implemented at the customer’s brownfield plant in Germany over 30 months.L&T Technology Services on Monday said it has bagged a multi-million-dollar engineering, procurement and construction management…
Credit Suisse confirms second spying case
The new investigation also did not find indications that Thiam or others in the board or management “had any knowledge of the observation of Peter Goerke until media reported on it,” the statement said. (Reuters)An internal Credit Suisse…
Rupee falls 5 paise against US dollar in early trade
The Indian rupee on Friday had closed at 71.12 against the US dollar. Meanwhile, brent crude futures, the global oil benchmark, fell 0.32 per cent to USD 65.93 per barrel.The Indian rupeeopened on a flat note and fell 5 paise to 71.17…
Masayoshi Son’s 19th-century die-hard capitalist tactics in 21st-century investment era
Investors are starting to get the feeling that whatever Masayoshi Son brings to the public is troubled. Photographer: Akio Kon/BloombergThis is the year that brought a $100 billion venture capitalist to his knees. In January, SoftBank…