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UK-based online fashion player Koovs plc has raised 10.9 million pounds (about Rs 92 crore) from existing and new shareholders, including 3.9 million pounds from the Times of India Group.
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Its constant currency guidance is expected to be lower to 8.5-10 percent from 10.5-12 percent. Infosys had already lowered guidance to 10.5 percent-12 percent in constant currency from 11.5-13.5 percent in last quarter.
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The partnership will explore natural variations of cereals and basic research in model plants to deliver new varieties of cereals with enhanced nitrogen use efficiency, according to a release from city-based ICRISAT (International Crops Research Institute for Semi Arid Tropics).
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JP Morgan is overweight on the stock with a target price of Rs 485 on a recovering economic environment in India and believes JLR will continue to benefit from new model launches in the near term – particularly at Jaguar.
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According to CLSA import tariffs may apply on both legs post-Brexit, which would adversely impact JLR as it derives 24 percent of its volumes and sources 35-40 percent of its components from Europe.
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CFTC - Commitments of Traders: Speculators More Bullish on Oil, Gold, JPY; More Bearish on EUR, GBP
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Swiss-based and London-listed Glencore earlier this month raised USD 2.5 billion through a share placement, part of a wider plan to cut its net debt by a third by the end of 2016.
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The acquisition will be funded via new debt facilities and a fully underwritten rights issue of 562,281,811 shares at an issue price of 133 pence per share, raising about 748 million pounds (USD 1.15 billion), the company said on Wednesday.
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The F-Pace Sports Utility Vehicle (SUV) launched at the Frankfurt Motor Show has been dubbed the "ultimate practical sports car", which embodies the spirit of the iconic British luxury car brand with modern technology.
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Under takeover rules, Carlyle has until September 25 to make a firm offer for Innovation or announce it does not intend to make an offer.
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The Pentagon's Defence Security Cooperation Agency (DSCA), which oversees foreign arms sales, notified US lawmakers on Wednesday about the possible sale, which would include 110 T-700-GE-701D engines built by General Electric Co, and a variety of acquisition sights, sensors and radar equipment.
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The jobs are expected to go mainly at Llanwern in Newport, where its mills will stop running. Tata Steel in a statement said it needs to "reduce costs and focus on manufacturing higher-value products".
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A growing number of Japan's central bankers are privately voicing concern that the problems behind China's currency move will hit Asian demand harder than expected, threatening a Japanese export rebound they hope will stave off the need for another splurge of monetary easing.
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The company also said Ahmet Bozer, another Coke veteran who had been widely seen as a possible successor to Chief Executive Officer Muhtar Kent, will retire. Bozer, executive vice president and president of Coca-Cola International, will stay on as an adviser until March of 2016, the company said.
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The economy in China, a big market for Tata Motors' luxury arm Jaguar Land Rover, has slowed to its slackest pace in 25 years and low consumer confidence is affecting car sales in that country.
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Aviva India is a joint venture between Dabur Invest Corp (DIC) and Aviva with the latter currently holding a 26 percent stake in the venture. Current paid up capital amounts to Rs 2,004.9 crore.
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Barclays Bank has provided the necessary funding support, Delhi-based Tenon group said in a statement. Tenon announced "the 100 per cent acquisition of Office & General Group Ltd (O&G), UK's leading independent facility management service company, for 6.5 million pounds (approx Rs 65 crore), in cash and equity deal".
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The bank made an attributable profit of 293 million pounds (USD 457 million), up 27 percent on the same period last year. Analysts had expected a loss of 260 million pounds, according a range of forecasts provided by the bank.
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The company, which follows a buy-improve-sell strategy akin to private equity firms, said it would return 2 billion pounds to shareholders after the sale.
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The move comes on the heels of Pearson's sale of the Financial Times newspaper to Japanese media group Nikkei, announced this week as its focuses on its education business.
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Global steel giant Tata Steel on Thursday said it is planning to cut up to 720 jobs, mainly at its UK facility, and will refocus on high-value segments like aerospace, as it tries to rebuild its business strategy to come out of the red.
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CFTC - Commitments of Traders: speculators more bearish on S&P 500, CAD, AUD, GBP
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The Bank of England has told banks they must set up a boundary around their branch operations to protect taxpayers from any repetition of the multi billion-pound bailouts required during the financial crisis of 2007 to 2009.
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The company also reported a decline in like-for-like sales, which exclude petrol costs and sales taxes, in key Asian markets due to "external conditions".
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CFTC - Commitments of Traders: speculators less bearish on EUR, JPY, S&P 500, AUD, GBP, CAD, NZD
