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Closing Bell: Sensex ends on a flat note, Nifty below 10,400; midcaps take a hit

2h moneycontrol
3:30 pm Market at Close: After trading in the red for the greater part of the day, benchmark indices have ended the day on a flat note. (16-0)

Market Live: Sensex erases huge chunk of losses, Nifty eyes 10,400; pharma stocks gain

4h moneycontrol
2:10 pm Stock view: Shares of Dish TV jumped 2.3 percent intraday on Thursday as research firm Citi maintained a buy on the stock. However, the house has cut target of the stock to Rs 90 from Rs 100. The firm is of the view that though current EBITDA is far worse than its peers, it expects better trends in FY19. (16-0)

Market Live: Sensex down over 100 pts, Nifty hovers around 10,350; BPCL, DRL decline

5h moneycontrol
12:45 pm Buzzing Stock: Shares of Escorts gained around 2 percent intraday after Credit Suisse maintained its outperform rating on the stock with a target of Rs 1,040. (16-0)

Bid for Bhushan Power rejected, Liberty House to approach NCLT

5h moneycontrol
Reacting sharply to the rejection of its bid for Bhushan Steel & Power on Wednesday, Liberty House said it will approach the National Company Law Tribunal (NCLT) so that its proposal is considered. (11-0)

Privatising PSU banks: The time is now!

6h moneycontrol
As the fraud at PNB dominates headlines, more and more experts are arguing that keeping so many banks in the public sector is actually a disservice to the nation. Shekhar Gupta in his National Interest column strongly advised the PM to “shut it, sell it & forget it”. Uday Kotak and Vallabh Bhansali hinted at the same as did Prof Raghu Sundaram, the dean of NYU Stern Business School, who said that it is time the discipline of the market was imposed on public sector banks. (8-0)

Liberty House moves out of race to acquire Bhushan Power and Steel

8h freepressjournal.in
New Delhi : The Committee of Creditors has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a source said. (11-0)

Creditors reject Liberty House bid for Bhushan Power and Steel

18h business-standard
The Committee of Creditors has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Ltd, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a source said. "Committee of creditors (COC) in a meeting today has rejected the bids of Liberty House (of the UK) because the company submitted the bids after the last date of submission date which was February 8," a source privy to the development said. (12-0)

Creditors reject Liberty House bid for Bhushan Power and Steel

22h livemint
New Delhi: The committee of creditors (COC) has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Ltd, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a person in the know said. (12-0)

Creditors reject Liberty House bid for Bhushan Power and Steel

22h moneycontrol
The Committee of Creditors has rejected the bid of UK-based Liberty House to acquire Bhushan Power and Steel Ltd, leaving Tata Steel and JSW Steel in the race for taking over the assets of the bankrupt firm, a source said. (11-0)

Chandra wants to bring back the crown for Tata Steel

2018-02-21 moneycontrol
Tata Steel’s aggressive bid for Anglo-Dutch steel maker Corus Steel, over a decade ago, had surprised industry watchers at the time. Just when Tata Steel thought it had Corus in the bag, Brazil’s CSN Steel gatecrashed the party, and a fierce bidding ensued. Tata Steel eventually won what in hindsight turned out to be a pyrrhic victory. (11-0)

Q4 margin will be better than earlier: Tata Metaliks

2018-02-21 moneycontrol
In an interview to CNBC-TV18, Sandeep Kumar, MD of Tata Metaliks spoke about the latest happenings in the company and the sector. (8-0)

N Chandrasekaran#39;s one year at Tata Sons: A job well begun

2018-02-21 moneycontrol
Running is not easy. It’s as physical as it is psychological and often, the sport is a lonely one. But that didn’t deter Natarajan Chandrasekaran, who took up the sport at 44. The day after consulting his doctor on ‘some health concerns’ and encouraged by his wife, Chandrasekaran bought a new pair of shoes and hit the ground running. Within eight months, he had run his first marathon. (15-0)

Factbox: GFG Alliance to maintain rapid pace of expansion

2018-02-21 in.reuters
MELBOURNE (Reuters) - British tycoon Sanjeev Gupta’s GFG Alliance has expanded rapidly in recent years, spending up big on distressed steel and aluminium assets, and sees no let-up in the pace of growth. (27-0)

Global research firms tag #39;Outperform#39; rating on Tata Steel, expect up to 32% return

2018-02-21 moneycontrol
Global research firm Credit Suisse has maintained an outperform rating on Tata Steel with a target of Rs 860. The house is of the view that the Bhushan Steel bid implies EV at 6x adjusted EBITDA adding that the valuation is not cheap, but with steel cycle picking up, the deal can be EPS accretive. The firm also said that minor working capital plus capex would be needed for the asset. (9-0)

How Tata group’s changing under N. Chandrasekaran

2018-02-21 livemint
On Wednesday, N. Chandrasekaran will complete one year at the helm of Tata Sons Ltd, the holding company of the salt-to-software conglomerate. (11-0)