August 1, 2019

L&T gets shareholders’ nod to raise Rs 4,000 crore via securities

NEW DELHI: Engineering major Larsen & Toubro Thursday said it has got shareholders' approval to raise up to Rs 4,000 crore or USD 600 million by issuance of different modes of securities. The proposal to fund raising was approved by the requisite majority of shareholders at its annual general meeting held on August 1, 2019, according to a BSE filing. The company has proposed to raise funds through issue of convertible bonds and/or equity shares through depository receipts and including by way of qualified institutional placement to qualified institutional buyers for an amount not exceeding Rs 4,000 crore or USD 600 million.
August 1, 2019

Talwalkar’s group defaults on Rs 3.44 crore interest payment

Mumbai: Talwalkar’s group defaulted on interest payment of Rs 3.44 crore on Thursday, and said Care Ratings had downgraded their credit rating. Talwalkar’s Better Value Fitness defaulted on interest payment worth Rs 94 lakhs, which was due on July 31. Talwalkar’s Healthclubs defaulted on payment of loan interest worth Rs 2.5 crore, which was due on July 31. Care revised its rating on long-term securities to ‘B’ from ‘A+’, from a stable outlook to under credit watch with negative implications for both companies. The group said it is in discussion with bankers for restructuring of debt obligations.
August 1, 2019

Negative-yielding debt hits record $14 trillion

By Samuel Potter On the day Jerome Powell attempted to moderate market expectations for further easing, the world’s stockpile of negative-yielding bonds notched another remarkable record. The Federal Reserve’s rate cut helped swell the total of all debt with sub-zero yields to more than $14 trillion for the first time. The market value of the Bloomberg Barclays Global Negative Yielding Debt Index closed at $14.1 trillion on Wednesday, after the biggest one-day jump in a month. Policy makers in the world’s largest economy cut interest rates by a quarter point, in a move widely anticipated by markets. In a press conference, Chairman Powell left open the possibility of further moves but said he didn’t necessarily see Wednesday’s action as the start of an extended easing cycle. All the same, the Fed’s surprise decision to stop shrinking its balance sheet early, alongside the cut, spurred a rally in 10-year Treasuries with the yield closing at the lowest in four weeks. They retraced th..
August 1, 2019

Tata Power posts Rs 230 crore Q1 profit

New Delhi: Tata Power's consolidated net profit declined by 86 per cent to Rs 230.80 crore in the April-June quarter of 2019-20 mainly due to exceptional gains in the same quarter of last year, according to a regulatory filing. The company had posted a consolidated net profit of Rs 1,735.12 crore for the quarter ended on June 30, 2018, boosted exceptional gains of Rs 1,897.24 crore from the sale of non-core investment. Tata Power said that the consolidated net profit before exceptional items stood at Rs 254 crore in the June quarter against Rs 252 crore in the year-ago period due to lower losses in Mundra on account of lower price of coal, new capacity addition in renewables, favourable regulatory order in Maithon and steady operational performance across all segments. Total income during the April-June quarter rose to Rs 7,874.64 crore from Rs 7,404.97 crore in the year-ago quarter. During April-June 2019, its expenses were at Rs 7,228.49 crore as compared to Rs 7,145.55 cror..
August 1, 2019

Early crypto investor Novogratz likens Beyond Meat’s surge to the bitcoin bubble

Bitcoin bull Michael Novogratz is seeing the same rush of enthusiasm toward Beyond Meat that came at the height of the crypto bubble. The former Fortress hedge fund manager said while big ideas — like new alternatives to animal meat and money — capture people's attention, they can also become drastically over bought. "Beyond Meat reminds me a little bit of crypto in 2017," Novogratz told CNBC's "Squawk Box " Thursday. "You get great bubbles on big ideas. This is a great bubble." The plant-based meat maker has been on a tear since its IPO in May. Last week, shares hit an all-time high of $208.48, a 720% rally since the IPO. But the hot streak snapped this week after posting mixed second-quarter earnings. Shares continued to stumble Thursday after the company announced a secondary stock offering at $160 — an 18.6% discount from Wednesday's closing price. Beyond Meat plans to sell an additional 3.25 million shares with 3 million coming from investors and 250,000 from the ..
August 1, 2019

The EU has new people in charge. And it’s not good news for US tech firms

Facebook CEO Mark Zuckerberg.Getty ImagesNew officials at the heart of the EU will likely keep America's big tech firms under close scrutiny, experts have told CNBC. The European Commission — the EU's executive arm — has fined companies such as Google for disrespecting its competition rules, it's asked Ireland to collect unpaid taxes from Apple and is currently investigating Amazon. It has also proposed different laws that seek to limit online content and there's little evidence that anything will change under the EU's new leadership. Dexter Thillien, a senior industry analyst at Fitch Solutions, told CNBC via telephone Wednesday that Europe is keen to continue to be seen as the global leading force in tech regulation. Thillien explained that Europe saw a loophole in global tech regulation and felt the need to act. "Europeans have all the negatives but none of the positives," he said, referring to the fact that Europe has not created any large tech firms but ha..
August 1, 2019

Clinicians are using an app to speed up detection of a ‘silent killer’

Technology is transforming the way patients are cared for.
August 1, 2019

Bank of England slashes growth forecasts amid no-deal Brexit fears

VIDEO3:2003:20BOE's Carney: UK financial conditions are likely to remain volatileBank of EnglandThe Bank of England (BOE) pushed back against calls to cut interest rates on Thursday, leaving borrowing costs unchanged amid an intensifying risk of a no-deal departure from the European Union. With less than 100 days to go before the country is set to leave the bloc, the BOE's nine-member Monetary Policy Committee (MPC), led by Mark Carney, unanimously voted to hold interest rates at 0.75%. The central bank also cut its growth forecasts for the U.K. economy, amid worries about Brexit and a slowing global economy. The BOE, which assumes Britain will avoid a Brexit shock, said it now expects to see growth of 1.3% both this year and next, down from 1.5% and 1.6% respectively in its May forecast. The decision comes at a time of growing uncertainty over the terms of Britain's departure from the EU. Newly elected Prime Minister Boris Johnson, who officially entered Downing Street ..
August 1, 2019

Weekly Briefing: Johnson has increased pressure on both the EU and Parliament to confront possibility of No Deal

Weekly Briefing: Johnson has increased pressure on both the EU and Parliament to confront possibility of No DealThis is the first of a series of weekly briefings Open Europe will publish analysing key Brexit, UK and EU developments. The post Weekly Briefing: Johnson has increased pressure on both the EU and Parliament to confront possibility of No Deal appeared first on Open Europe.

Ten sang chanh o nha cho be 2017-2018free vector for designbest game android 2017 free download apkDownload theme wordpress free 2017Co Embed reviewsCo Embed reviewsMy Bikini Belly Program Reviews