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Star Health Insurance stake sale draws interest from PremjiInvest, Temasek, 10 others

2017-11-23 livemint
Mumbai: Star Health and Allied Insurance Co. Ltd has received as many as 12 bids from interested parties, including financial as well as strategic investors, to acquire the business from private equity investors, two people aware of the development said. (30-0)

News Live: India Inc may need to change rating agencies every 3 years, says report

2017-11-23 moneycontrol
Companies tapping the debt market regularly may soon have to get their securities rated by a different credit rating agency every three years, reports The Economic Times. The Securities and Exchange Board of India (Sebi) plans to bring in new rules mandating rotation of credit rating agencies after market participants sought an overhaul of governance requirements and levels of accountability for this industry. (37-0)

Thomas Cook to sell stakes in Quess Corp to retire from long-term debt

2017-11-23 freepressjournal.in
Mumbai : Integrated travel and travel related financial services player Thomas Cook India said its board approved a fund raising plan of Rs 600 crore by divesting 5.42 per cent stake in its subsidiary Quess Corp. (9-0)

Quess Corp drops 8% as offer for sale opens; Thomas Cook to dilute stake in company

2017-11-23 moneycontrol
Quess Corp share price fell as much as 8 percent on Thursday as Thomas Cook is reducing its stake in the company through offer for sale that opened today. Thomas Cook share price, however, rallied 6 percent. (9-0)

News Live: OMCs to invest over Rs 80K cr on upgrading refineries to BS-VI, says report

2017-11-23 moneycontrol
To meet the National Capital Region’s (NCR) demand for cleaner fuel by April 2018, oil marketing companies (OMCs) have decided to hasten the process of upgrading their refineries, two senior officials from the refiners told Mint. The officials said that with less than six months left to meet the Bharat Stage-VI (BS-VI, comparable to Euro-VI) emission standard, the process could throw up some challenges but given that fuel has to be supplied only to Delhi-NCR, it could be done. (37-0)

News Live: India cuts funding for crucial National Health Mission by $5bn

2017-11-23 moneycontrol
India has approved a three-year budget for its flagship public health programme almost 20% lower than what the Health Ministry said was needed, according to sources and previously unreported government documents reviewed by Reuters. The Finance Ministry in August renewed the National Health Mission with $20 billion of funding between 2017 and 2020 as against the Health Ministry’s estimated requirement of $25 billion, the documents showed. (37-0)

Thomas Cook to raise over ₹600 cr via stake dilution in Quess Corp

2017-11-22 thehindubusinessline
Thomas Cook has obtained board approval to divest a 5.42 per cent stake in its subsidiary Quess Corp, which would bring down its shareholding to 51.56 per cent. (9-0)

Thomas Cook to sell 5.42% in Quess Corp to raise Rs600 crore

2017-11-22 livemint
Mumbai: Integrated travel and travel related financial services player Thomas Cook India on Wednesday said its board approved a fund raising plan of Rs600 crore by divesting 5.42% stake in its subsidiary Quess Corp. (9-0)

Thomas Cook to sell 5.42% in Quess Corp to raise Rs 600 cr

2017-11-22 moneycontrol
Integrated travel and travel related financial services player Thomas Cook India today said its board approved a fund raising plan of Rs 600 crore by divesting 5.42 percent stake in its subsidiary Quess Corp. (9-0)

Deals Buzz: Quess Corp buys Tata Business Support Services for Rs153 crore

2017-11-21 livemint
Mumbai: Mint brings to you your daily dose of top deals reported by newsrooms across the country. (90-0)

'Never a dull moment': Lawsuit, NAFTA claim, Fairfax partnership spur optimism, tension in Churchill

2017-11-19 cbc.ca
The future of the rail line to Churchill remains uncertain after a week that involved a lawsuit, an international trade challenge and the entry of a new, powerful player into the picture. (9-0)

Fairfax Financial gets on board with Churchill port, northern rail bid

2017-11-17 cbc.ca
CBC News has learned that Toronto-based investment company Fairfax Financial Holdings will partner with two Manitoba ownership groups to attempt a purchase of Omnitrax's assets in the province. (9-0)

New hope stirs in northern Manitoba after Fairfax joins groups to buy Churchill railway

2017-11-17 cbc.ca
Communities along the flood-damaged railway to Churchill have renewed hope after it was announced a Toronto-based investment company will partner with two Manitoba groups in an effort to buy Omnitrax's assets. (9-0)

Fairfax Financial Holdings interested in broken Churchill rail line: government

2017-11-17 ctvnews.ca
An undated image provided by OmniTRAX shows flood damage along the railway line to Churchill, Man. (9-0)

Tower shares at record low on concern new capital may be eroded by ongoing quake claims

2017-11-14 nzherald.co.nz
Tower shares fell to a record low as investors weigh up whether the $70.8 million of new capital they're being asked to provide will provide enough of a buffer against lingering Canterbury earthquake claims that have repeatedly surprised the insurer. (9-0)

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