JSW Steel plans to bid for ArcelorMittal's Romanian plant, will compete with Ukraine’s Metinvest and Italy’s Marcegaglia
ArcelorMittal had to put 6 European assets up for sale to get approval from European competition authorities for its purchase of Italy’s giant Ilva plant.
RBI may cut key lending rate by 25 bps in August policy review as inflation in January peaks off: BofAML
BofAML expect RBI MPC to look through the jump in inflation to 5.4 percent in April-June, as it is driven by base effects
The group has named Morgan Stanley, Bank of America Merrill Lynch and Deutsche Bank as joint global coordinators for a bond offering
"We have grown more confident of our call for a 25 bps RBI rate cut on 2 August with CPI inflation falling to 2.2 percent in May from 3 percent in April," Bank of America Merrill Lynch (BofAML) said in a note
Amazon could be the second biggest player after Flipkart in the online retail market by 2019, says a new Bank of America Merrill Lynch report.
According to the global financial services major, normal rains are pushing up sowing and river waters would douse agricultural inflation (agflation) going forward
Both investment banking firms have cited prospects of good monsoon and slowing inflation numbers for their optimism towards the likely rate cuts
Banks in India are expected to cut lending rates by up to 50 basis points by September as there is sufficient liquidity in the system, says a Bank of America Merrill Lynch report.
According to a new report by CB Insights and KPMG, venture capital investments in India's start-ups nearly halved to $1.5 billion in fourth-quarter 2015 from July-September
Baidu declined to comment on possible investment amounts or time frames.
Global crude benchmark Brent was at $36.46 per barrel, up over $2 from yesterday's 11-year low level
Ministers might consider raising the ceiling to 31 million bpd to accommodate Indonesia, which pumps about 900,000 bpd and is rejoining OPEC after a seven-year break, delegates say.
According to Bank of America Merrill Lynch reforms will continue to be "calibrated", especially after the Bihar poll result, and this may disappoint some segments of the markets.
Lodha had appointed Bank of America Merrill Lynch and JP Morgan as bankers for the bonds, which would be issued by its subsidiary Lodha Developers International, Mauritius, with Lodha Developers International Holdings and another subsidiary, Palava Dwellers, as guarantors.
Slowdown in inflation has given room for RBI cut policy rates by 50 basis points in the first half of this year, experts believe.
IOB reported a net loss of Rs 516.03 crore for the quarter ended December 2014 due to higher provisions for bad loans.
The ECB announcement of monthly bond buying of €60 billion will help offset the impact caused by a likely tightening by the US Fed, the report said.
This is the "lowest coupon ever achieved by an Asia ex Japan corporate issuer in the BBB category for a 10 year issuance with a size of $1 billion or more" the company said in a statement.
For RIL, a revision in natural gas prices was due on April 1, 2014, when the $4.2 per million British thermal unit rate fixed for first five years of production expired.<br />