Sun Life eyes bigger stake in India insurance venture - CEO| Reuters
Aug 07, 2015 at 00:45 | Source:
TORONTO Canadian insurer Sun Life Financial Inc (SLF.TO) is interested in raising its stake in its Birla Sun Life Insurance joint venture in India as it weighs several acquisition opportunities in Asia and North America, its top executive said on Thu...
EPFO takes ETF route to enter bourses, plans further investments in future
Aug 06, 2015 at 18:56 | Source:
Mumbai: Marking its maiden entry into stock market, retirement fund body EPFO today announced its first equity investment through Exchange Traded Funds benchmarked to key indices Sensex and Nifty and promised to invest more than the current limit of ...
Health insurer Anthem to buy Cigna in $54.2 bln deal| Reuters
Jul 25, 2015 at 01:30 | Source:
REUTERS - Anthem Inc said on Friday it would buy Cigna Corp in a deal valued at $54.2 billion, creating the largest U.S. health insurer by membership.Anthem said it will pay $103.40 in cash and 0.5152 of its shares for every Cigna share held. The dea...
Nasdaq rebounds but weak results weigh on Dow, S&P| Reuters
Jul 24, 2015 at 00:45 | Source:
REUTERS - The Nasdaq composite edged up on Thursday after two days of losses, while the S&P 500 and Dow were lower on weak earnings from bellwethers such as 3M (MMM.N) and Caterpillar (CAT.N). The two stocks, together with American Express (AXP.N...
Vedanta says its Cairn India buyout offer is fair| Reuters
Jul 24, 2015 at 00:30 | Source:
MUMBAI Mining and energy group Vedanta Limited (VDAN.NS) said on Thursday its offer to buy out minority investors in Cairn India (CAIL.NS) was fair, dismissing reports that opposition from some small shareholders, including former owner Cairn Energy ...
Anthem set to announce deal for Cigna this week - source| Reuters
Jul 23, 2015 at 06:15 | Source:
U.S. health insurer Anthem Inc (ANTM.N) is close to finalising negotiations to acquire peer Cigna Inc (CI.N) and could announce a roughly $48 billion deal as early as this week, according to a person familiar with the matter.The deal would follow Aet...
Health insurer Anthem nears $48 billion deal to buy Cigna - WSJ| Reuters
Jul 23, 2015 at 05:15 | Source:
Health insurer Anthem Inc (ANTM.N) is nearing a deal to buy smaller rival Cigna Inc (CI.N) for more than $48 billion, the Wall Street Journal reported on Wednesday.Cigna shares jumped 6.5 percent in after-hours trading to $161 while Anthem's shares w...
Health specialists call for $2 billion global fund for vaccines| Reuters
Jul 23, 2015 at 03:30 | Source:
LONDON, July 22 - Global health experts called on Wednesday for the creation of a $2 billion vaccine development fund to feed a pipeline of potential new shots against priority killer diseases like Ebola, MERS and the West Nile virus.The fund would h...
Cairn Energy set to vote against Vedanta-Cairn India merger - FT| Reuters
Jul 22, 2015 at 23:30 | Source:
MUMBAI Britain's Cairn Energy Plc is set to vote against Vedanta Ltd's $2.3 billion buyout offer for Cairn India's minority shareholders, the Financial Times said on Wednesday, citing people familiar with the situation. Cairn Energy's objections were...
Mumbai turns to Australia legend Jeff Thompson to bring back glory days
Jul 10, 2015 at 08:39 | Source:
Mumbai cricket has been going through a tough phase of late. There used to be a time when Mumbai churned out major talents and wasa major supplier for Indian cricket. However, while, the supply has still been there in the batting department, it's the...
Insight: U.S investors not bailing on China stocks yet | Reuters
Jul 10, 2015 at 01:30 | Source:
NEW YORK Some U.S. investors say China's efforts to prop up its stock market had the opposite effect, though the sell-off now offers buying opportunities at what they say are panic-driven prices.Following a three-week market slide, stocks rose on Thu...