Univision scraps IPO, leaving billionaires without exit plan

Univision scraps IPO, leaving billionaires without exit plan

Univision considered and rejected a $13 billion plus merger offer from Discovery Communications Inc. last year. Photo: iStockphoto New York: Univision Holdings Inc. scrapped plans for an initial public offering (IPO), leaving the company’s billionaire backers without an exit strategy 11...
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Fiscal Consolidation Plan Likely To Continue: Report

Fiscal Consolidation Plan Likely To Continue: Report

The government is likely to stick to the medium-term fiscal consolidation plan by targeting 2018-19 fiscal deficit at 3 per cent of GDP, a Deutsche Bank report says. According to the global financial services major, the fiscal deficit target for...
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Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Insurer Aviva India Turns To PSU Banks On Recapitalisation Plan Boost

Aviva Plc’s India life insurance joint venture is raising its exposure to the country’s state-run banks as it bets the government’s $32 billion plan to rescue lenders burdened with record bad loans will boost their prospects. The insurer also...
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EESL firms up £100 million investment plan to buy heat, power utility in UK

EESL firms up £100 million investment plan to buy heat, power utility in UK

New Delhi: State-run Energy Efficiency Services Ltd (EESL) is firming up a £100 million investment plan for buying a combined heat and power utility in the UK, and investing in firms that are setting up fast-charging electric vehicle (EV) infrastructure and....
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Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Modi govt’s Rs 2 trillion recapitalisation plan spurs bank stocks

Key benchmark indices Sensex and Nifty were trading higher by up to 1% in late morning trade, pulling back from their life-time highs, as select banking, IT, auto and pharma stocks gained. The government on Tuesday announced various measures to spur...
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Wall Street giants Warren Buffett, Larry Fink criticise Trump’s tax reform plan

Wall Street giants Warren Buffett, Larry Fink criticise Trump’s tax reform plan

President Donald Trump’s tax reform plan came under new criticism on Tuesday from two towering Wall Street figures, including billionaire investor Warren Buffett, who called into question a Republican drive to slash the US corporate rate. With the White Hou...
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