Category: Finance News

Jul 8

In fresh plea before SC, Uddhav camp challenges Governor’s invitation to Eknath Shinde to form govt

Firing a fresh salvo against the newly formed Maharashtra government, the Uddhav Thackeray-led faction of the Shiv Sena on Friday moved a fresh plea before the Supreme Court, challenging Governor Bhagat Singh Koshyari’s decision to invite Eknath Shinde to form government, as well as the election of the Assembly Speaker. Thackeray group leader Subhash Desai […]
Jul 8

ICICI Lombard share price may rally 10%, Credit Suisse initiates coverage with ‘Outperform’ rating

ICICI Lombard General Insurance’s share price has tumbled more than 9% so far this year, largely in line with the headline indices. The stock has de-rated with growth deceleration, rising competition, and lower ROEs, said analysts at Credit Suisse. The global brokerage firm has initiated the coverage of ICICI Lombard General Insurance and is bullish […]
Jul 8

China Developer Shimao Gets Holders’ Nod to Extend Local Bond Payment

Chinese property developer Shimao Group Holdings Ltd. narrowly avoided a domestic bond default just days after failing tor epay a $1 billion dollar note. Meanwhile, A China Huarong Asset Management Co. perpetual dollar bond is set for its biggest drop since the company spooked investors about its financial health last year. Rebecca Choong Wilkins reports on Bloomberg Television.
Jul 8

Anji Khad Bridge: India’s first cable-stayed rail bridge 50% complete, work on in full swing

Indian Railways has completed over 50% work on the Anji Khad Bridge under the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project. The Union Ministry of Railways posted several pictures of the under-construction bridge while sharing the progress report on Twitter. “Overcoming the daunting geographical conditions, the construction is going on in full swing,” the ministry said in […]