Cracks appear in credit funds as investors head for the exitOverall, $14.1 billion was pulled from debt funds, with $10.9 billion taken from high-yield bonds alone.
Dollar skeptics defy rally as $1 trillion fund prefers euroThe dollar isn’t going anywhere in a hurry, according to analysts’ forecasts.
Schneider, Eaton frontrunners to buy L&T’s electrical businessSchneider has teamed up with Temasek, the Singapore's state investment company for the buyout, while Eaton has re-engaged after their 2011 ...
What changed your market while you were sleepingA sharp rally in late trade pushed the Nifty50 above the 9, 800-9,820 range on Wednesday.
Samsung may emerge as the largest recruiter from IITs this yearThe South Korean mobile phone and electronics major is leading the race in terms of making maximum offers in at least three Indian Institut...
Sunil Mittal-led Bharti Airtel rakes in over $1.3 billion from Africa tower salesBharti Airtel had reportedly signed deals to sell 12,500 of its towers in Africa to companies including American Tower Corp and IHS.
Airtel's tower sale pact with Helios falls throughThe company on July 9 last year signed a deal with Helios Towers Africa (HTA) to divest approximately 3,100 towers to the latter HTA.
Bharti Airtel to sell 3,100 towers in 4 African nations to Helios Towers AfricaIt is believed that the size of the 3,100 tower deal is worth close to $400 million (Rs 2,400 crore) and the towers are based in Tanzania, ...
Bharti Airtel to sell Africa towers to kill debt, deal could rake in $3 billionThe company has been refinancing large parts of its debt pile by issuing overseas bonds, helping it to lower its net finance payouts.
- L&T revives plans to sell stake in electrical & electronics business
The company will sell 49% stake through an auction process and the sale is expected to be completed in this financial year.
- L&T to hive off electrical & automation business; stock down
Larsen & Toubro will hive off its electrical and automation business as a part of its restructuring, the company said on Tuesday.
- L&T to hive off electrical & automation business
Larsen & Toubro will hive off its electrical and automation business as a part of its restructuring, the company said on Tuesday.
- Schneider, Eaton Corp in race to buy L&T’s Electrical and Electronics business
Larsen & Toubro is looking to sell off its Electrical and Electronics business as part of the ongoing restructuring plans.
- Eaton Corp looks at Asia Pacific to push growth
Expecting revenues to grow by 12-14% over the next five years, Eaton Corporation is looking at the Asia Pacific region as its key growth dr...
- Production, home starts to show US expansion on track
The manufacturing rebound probably accelerated in January and homebuilding bounced back, adding to evidence the US expansion began the new ...
- US to grow 3.5% next year, best since 2004
The US economy next year will turn in its best performance since 2004, as spending perks up and cos increase investment and hiring. World's...
- Eaton signs distribution pact with Redington India
Power management firm Eaton Corp today said it has signed a nationwide distribution pact with Redington India to deliver its single phase u...