Business
IRFC Initial Public Offering of About Rs 4,600 Crore May Hit Markets This Month
The company, the dedicated financing arm of the Indian Railways, will be going for the anchor investment also. “The government is planning to have anchor investors in place for this IPO,” he added.
Six of Top-10 Most Valued Firms Add Cumulative Rs 91,629 Cr in M-cap; ICICI Bank, TCS Lead Gainers
TCS m-cap zoomed by Rs 17,579.92 crore to Rs 10,22,900.07 crore, followed by Bharti Airtel which witnessed Rs 16,694.01 crore jump in valuation at Rs 2,69,449.98 crore.
France Picks Zone Off Normandy Coast For New 1GW Windfarm
France has identified a zone off the coast of Normandy for the construction of a 1 Gigawatt (GW) windfarm and launched the tender process for its development, Environment Minister Barbara Pompili said on Saturday.
UK, EU Fail To Reach Deal, Trade Talks Paused
Britain and the European Union failed on Friday to secure a trade agreement, saying talks would be paused so negotiators could talk to politicians to get better guidance on where to go next.
Europe Set To Tiptoe Into SPAC-land As Shell Company Deal Pipeline Builds
After watching from the sidelines as a boom in the listing of special purpose acquisition companies (SPACs) reshaped U.S. capital markets, Europe is preparing to play catch up next year with around 10 such deals said to already be in the pipeline.
Airports Reject Vaccine Requirement As Travel Debate Intensifies
Aviation industry opposition to requiring mandatory COVID19 vaccination for passengers has intensified as impending drug approvals trigger a debate over their role in air travel.
U.S. In Talks With Huawei CFO Meng On Resolving Criminal Charges - Source
The U.S. Department of Justice is discussing a deal with lawyers for Huawei finance chief Meng Wanzhou that would let her return to China from Canada, a person familiar with the matter said.
PG&E's Household Customers Facing 8% Increase In Power Bills
Pacific Gas & Electric's household customers will be hit with an average rate increase of 8% to help the oncebankrupt utility pay for improvements designed to reduce the risks that its outdated equipment will ignite deadly wildfires in its Northern Califo...
Business Events Scheduled For The Coming Week.
Business events and economic reports scheduled for the coming week.
Canadian Banks Diverge On FY2021 Views After Better-than-expected Quarter
TorontoDominion Bank and Canadian Imperial Bank of Commerce wrapped up a forecastbeating fourth quarter by Canadian lenders on Thursday, but diverged on their expectations for next year amid uncertainty about the economic outlook.
Israel Aerospace To Service Gulf Air Planes While In Israel
Stateowned defence contractor Israel Aerospace Industries (IAI) said on Thursday it will service planes from Bahraini airliner Gulf Air that land in Israel.
US Service Sector Expansion Slows In November
The U.S. services sector, where most Americans work, registered its sixth consecutive month of expansion in November.
Palm Oil Demand Seen Limited In 2021 By Higher Prices - Analyst Mistry
Palm oil demand next year may be restrained by higher prices, leading palm analyst Dorab Mistry told a virtual conference on Thursday.
Nestle To Invest 3.2 Billion Swiss Francs To Cut Carbon Emissions
Nestle said on Thursday it plans to invest 3.2 billion Swiss francs ($3.58 billion) over the next five years to reduce its climate impact and help it get to net zero emissions by 2050.
Platts Proposes To Include U.S. WTI In Oil Benchmark Dated Brent
S&P Global Platts said on Thursday it would open a consultation with oil market participants on the possible inclusion of the U.S. crude grade WTI in its dated Brent oil price assessment, which forms the basis of the Brent benchmark.
EU Envoys Hope For A Brexit Trade Deal In Days, UK Sees Progress
European Union diplomats said on Thursday they hoped a Brexit trade deal with Britain could be agreed by Friday or at the weekend, and EU officials said negotiators were likely to review progress in the next two days.
