Apr 13, 2018 04:33 PM IST | Source: Moneycontrol.com
News Live: Qatar raises record $12 billion in first bond sale since 2016
This blog will keep track of key global and local developments impacting business and markets through the day. Important local and global political developments will also find resonance here.
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highlights
Qatar raises record $12 bn in first bond sale since 2016
Syria fears, OPEC compliance propping up oil price: IEA
Rahul to PM: India waiting for you to speak up on violence against women
HC declines to stay plastic ban in Maharashtra
Time ripe to nationalise private sector banks: Unions
HC asks MCA how it will arrange water for IPL matches in Pune
Lok Sabha polls will see 'Islam vs Bhagwan', 'Pak vs India', says BJP MLA
HDFC Bank plans to raise Rs 50,000 cr via bonds in FY'19
India should take steps to ensure privacy in biometric identification programmes: IMF
National Awards: Newton receives best hindi picture
U.S. reviewing trade preferences for India, Indonesia, Kazakhstan
SC to examine Shanti Bhushan's PIL on allocation of cases
Unnao rape: CBI takes over probe in 3 cases, detains BJP MLA for questioning
Pak SC bars Nawaz Sharif from holding govt office for life
Sridevi posthumously wins National award
Catch Moneycontrol's Anchal Pathak with headlines @ 12:30
SC refuses to allow out-of-court settlement with Binani Cement
US has a global campaign plan for China: Pentagon
UNSC must prevent Syria spiralling out of control: UN chief
Need to revive global economic cooperation to defeat trade protectionism: WTO official
Massive gas plant resumes operations after severe PNG quake
Head of Nobel-awarding Swedish Academy steps down after criticism
Taliban, Haqqani enjoy safe havens in Pakistan: Pentagon
China's first-quarter trade surplus with U.S. rises 19.4 percent
Warren Buffett’s tells students not to borrow money like Donald Trump
JSW Steel's bids have stood the test of scrutiny, unlike ArcelorMittal's: Seshagiri Rao
Battle for control of Fortis intensifies as Munjal of Hero and Burmans of Dabur enter fray
Retail inflation cools off marginally to 4.28% in March
India's factory output expands at 7.1% in Feb vs 7.4% in Jan
CBI registers 3 cases in Unnao gangrape case; MLA being questioned
Indian athletes sent home after needle found in room
US eyes 8 possible targets in Syria, Trump says decision coming 'fairly soon'
Qatar raises record $12 bn in first bond sale since 2016
Qatar raised USD 12 billion in its first dollar bond sale in two years and it is the biggest dollar bond from an emerging-market nation this year, according to Bloomberg. Yesterday's sale eclipsed Saudi Arabia's USD 11 billion bond issued earlier this week and received more than USD 53 billion in bids.
Syria fears, OPEC compliance propping up oil price: IEA
Fears of fresh escalation in Syria's brutal war coupled with compliance with a pledge by the OPEC cartel and Russia to limit production are keeping oil prices at current high levels, the International Energy Agency said today.
Rahul to PM: India waiting for you to speak up on violence against women
Congress president Rahul Gandhi today hit out at Prime Minister Narendra Modi over his silence on violence against women and children, saying it was "unacceptable" and India was waiting for him to speak up.The Congress chief's comments come a day after he led a midnight march to India Gate to protest the Kathua and Unnao minor rape cases and said it was time for Modi to walk the talk on 'beti bachao' (save the girl child).
China poses strategic challenge to US: CIA director tells senators
China poses a strategic challenge to the US, CIA Director Mike Pompeo said today, as top American Senators flagged concern over Beijing's assertive behaviour in both the strategic and trade domain.Pompeo, 54, made the remarks during his confirmation hearing for Secretary of State before the Senate Foreign Relations Committee. If confirmed, he would replace Rex Tillerson, who was fired by US President Donald Trump last month, to lead the State Department.
HC declines to stay plastic ban in Maharashtra
The Bombay High Court declined today to stay the implementation of the Maharashtra government's decision to ban plastic materials, but protected citizens from prosecution for their possession for a period of three months.The court, while giving an interim ruling on a bunch of petitions opposing the ban, maintained it cannot overlook the adverse impact of plastic waste on the environment.
Time ripe to nationalise private sector banks: Unions
Employees unions of public sector banks have made a strong pitch for nationalisation of private sector lenders amid allegation of corporate governance lapses and concealing of information.Various allegations and imposition of fines for violation of guidelines raise a serious question mark on their ability to deal with the public money, unions said, adding that the recent events has also punctured their claims of being most efficient banks.
HC asks MCA how it will arrange water for IPL matches in Pune
The Bombay High Court has issued notice to the Maharashtra Cricket Association seeking reply on how it will arrange water for maintaining the ground for Indian Premier League matches in Pune. Six of Chennai Super King's 'home' matches have been moved to Pune over Cauvery water issue protests.
Lok Sabha polls will see 'Islam vs Bhagwan', 'Pak vs India', says BJP MLA
The 2019 Lok Sabha elections would be fought on the lines of ‘Islam versus Bhagwan’ and ‘Pakistan versus India’, BJP UP MLA Surendra Singh has said, days after he defended his colleague accused of raping a teenage girl, reports PTI.
HDFC Bank plans to raise Rs 50,000 cr via bonds in FY'19
HDFC Bank today said it plans to raise Rs 50,000 crore through bonds in the next 12 months to fund business expansion.The decision to this effect will be taken in the board meeting on April 21, 2018, HDFC Bank said in a regulatory filing.
India should take steps to ensure privacy in biometric identification programmes: IMF
The IMF has said India should take necessary measures to ensure privacy and security controls while implementing large identification programmes like the Aadhaar, as the global financial body identified India as a leader in the biometric identification system.
Catch Moneycontrol's Anchal Pathak with headlines @ 2:30
National Awards: Newton receives best hindi picture
"Newton" was named the best Hindi film while S S Rajamauli's "Baahubali: The Conclusion" was the best popular film providing wholesome entertainment.The late Vinod Khanna is this year's Dadasaheb Phalke Award winner and the late Sridevi the best actress for her role in "Mom", the National Awards film jury announced today. The best actor recognition went to Riddhi Sen for the Bengali film "Nagarkirtan".
Catch Moneycontrol's Sakshi Batra with headlines @ 1:30
U.S. reviewing trade preferences for India, Indonesia, Kazakhstan
The United States is reviewing the eligibility of India, Indonesia and Kazakhstan for U.S. trade preferences, the U.S. Trade Representative’s Office said on Thursday.
SC to examine Shanti Bhushan's PIL on allocation of cases
The Supreme Court today decided to examine a PIL filed by former law minister Shanti Bhushan challenging the existing roster practice of allocation of cases by the Chief Justice of India (CJI).A bench comprising Justices A K Sikri and Ashok Bhushan sought the assistance of Attorney General K K Venugopal and Additional Solicitor General Tushar Mehta in dealing with the PIL stating that the CJI cannot exercise arbitrary power in allocation of cases.
Unnao rape: CBI takes over probe in 3 cases, detains BJP MLA for questioning
The CBI has taken over investigation in three cases related to the alleged rape of a 17-year-old girl by BJP MLA Kuldeep Singh Sengar and detained him today for questioning, officials said today.
Pak SC bars Nawaz Sharif from holding govt office for life
Pakistan's ousted prime minister Nawaz Sharif has been barred from holding office for life, after the Supreme Court ruled unanimously that disqualification of a lawmaker under the Constitution is for life.
Sridevi posthumously wins National award
Actress Sridevi was posthumously awarded a national award for her role in the thriller film MOM. Sridevi died in February from drowning in a hotel bathroom in Dubai and was cremated with state honours in Mumbai later.
Catch Moneycontrol's Anchal Pathak with headlines @ 12:30
SC refuses to allow out-of-court settlement with Binani Cement
The Supreme Court has disallowed the possibility of an settlement outside of court for the beleagured Binani cement, according to a CNBC-TV 18 report. The verdict may set a precedent for cases that come under the ambit of the Insolvency and Bankruptcy code (IBC). Rajendra Chitale, Advisor for Chitale Legal said that this will allow for the competitive bidding for these stressed assets to take place.
US has a global campaign plan for China: Pentagon
The Pentagon has developed a global campaign plan against China, a top American military leader today told US lawmakers, who identified the Asian giant as "one of the central challenges" to their national security. "We have a global campaign plan for China. Each one of the combatant commanders addresses China in the context of that global campaign plan," General Joseph Dunford, Chairman of the US Joint Chiefs of Staff told members of the House Armed Services Committee during a congressional hearing.
UNSC must prevent Syria spiralling out of control: UN chief
UN Secretary-General Antonio Guterres has appealed to the five permanent members of the Security Council to break the current deadlock on reported use of chemical weapons in Syria and prevent the situation spiralling out of control in the war-torn country.
Catch Moneycontrol's Sakshi Batra with the top headlines @ 11
Need to revive global economic cooperation to defeat trade protectionism: WTO official
The world needs to unite and revive global economic cooperation, liberalisation and growth to defeat trade protectionism and the rising threat of a trade war, a World Trade Organisation (WTO) said."No issue is more urgent today than reviving global economic cooperation, liberalisation and growth," Yonov Frederick Agah, the deputy director general of WTO told delegates at the Annual Investment Meeting (AIM) being held at the Dubai World Trade Centre.
Massive gas plant resumes operations after severe PNG quake
ExxonMobil's massive gas project has resumed operations in Papua New Guinea after a major earthquake damaged the plant, the US energy giant said today, in a boost for the Pacific nation as it rebuilds after the devastation. More than 125 people were killed and many more injured after the 7.5-magnitude tremor hit the country's mountainous interior on February 26, cutting off villages and knocking out power.
Head of Nobel-awarding Swedish Academy steps down after criticism
The head of the Swedish Academy stepped down on Thursday after criticism of how the institution, which picks the winner of the Nobel Prize for Literature, handled a probe into allegations of sexual misconduct by a man married to one of its members.Shortly afterwards, the Academy announced that the man's wife had decided to quit her post on the board.Three members of the Academy withdrew last week over the issue,
Taliban, Haqqani enjoy safe havens in Pakistan: Pentagon
Asserting that the Taliban and the Haqqani network enjoy safe havens in the border regions of Pakistan, a top US Army General today told the lawmakers that it was very difficult to contain insurgency in war-torn Afghanistan if Islamabad continues to harbour terrorists on its soil.
China's first-quarter trade surplus with U.S. rises 19.4 percent
China's trade surplus with the United States rose 19.4 percent in the first quarter to USD 58.25 billion from the same period a year earlier, customs said on Friday.The data follows weeks of tit-for-tat tariff threats by Washington and Beijing, sparked by U.S. frustration with China's massive bilateral trade surplus and intellectual property policies, which have fueled fears of a global trade war.
Warren Buffett’s tells students not to borrow money like Donald Trump
Warren Buffett warned students about the perils of using debt and leverage decades ago, using Donald Trump as a negative case study, reports CNBC. He cautioned students to avoid borrowed money during a question-and-answer session at Notre Dame in 1991. Buffett used Donald Trump's troubled casino investments to explain the life lesson. "I've seen more people fail because of liquor and leverage – leverage being borrowed money. Donald Trump failed because of leverage. He simply got infatuated with how much money he could borrow, and he did not give enough thought to how much money he could pay back," Buffett said.
JSW Steel's bids have stood the test of scrutiny, unlike ArcelorMittal's: Seshagiri Rao
Responding to ArcelorMittal's allegation of making ‘mockery’ of the Insolvency and Bankruptcy Code, JSW Steel said it is bid has stood the test of eligibility, unlike the world's largest steelmaker’s, reports Moneycontrol News' Prince Mathews Thomas.