Deal Financial News

Environmental activists are praising President Joe Biden's New Deal-style American Climate Corps

(Reuters) — Auto workers at Ford Motor (NYSE:F)'s Canadian facilities will start voting on a tentative three-year deal on Saturday, a spokesperson for the Unifor union said on Wednesday.

Indian Navy has moved a mega proposal to the government for building the second aircraft carrier to be constructed by the Cochin Shipyard Limited. A proposal has been received by the Defence Ministry for building and acquiring the second indigenous aircraft carrier which would be known as the Indigenous Aircraft Carrier-2, defence officials told ANI. The Defence Ministry would be shortly discussing the proposal moved by the Indian Navy as one of the biggest programmes under Prime Minister Narendra Modi's Aatmanirbharta (self reliance) programme in defence sector, they said. The programme will create several thousand direct and manifold indirect jobs through the Cochin Shipyard Limited in Kerala when the work on the IAC-2 is approved by the government. The first indigenous aircraft carrier INS Vikrant was commissioned by Prime Minister Modi in Kochi in September last year where the expertise developed by Cochin Shipyard Limited (CSL) in building such large size ships was applauded. The Indian Navy has been pressing for three aircraft carriers to maintain at least one carrier on each coast with one in refit. With three aircraft carriers, the Indian Navy would also be keeping pace with all the navies deployed in the Indo-Pacific region, officials said. The Indian Navy is also going to get 26 new Rafale fighter aircraft for the INS Vikrant and also looking to buy the indigenous Twin engine Deck L-based Fighter aircraft which are now expected to be produced in large numbers to be deployed on the three carriers. Admiral R Hari Kumar had recently stated that INS Vikrant, the indigenously built aircraft carrier, will be based in Visakhapatnam.

acquisition of about 11 per cent stake in TVS Credit Services Ltd by PI Opportunities Fund-I Scheme-II (PIOF-II) and certain individuals.

Danish pharmaceutical company Novo Nordisk has signed a deal with South Africa’s Aspen Pharmacare to produce human insulin specifically for diabetes patients in Africa where there is a dire need for the life-saving treatment

Unifor says it has reached a tentative deal with Ford Motor Co. that could avoid workers going on strike.

G20 leaders in India, UN Secretary General Antonio Guterres on Tuesday underscored that it is time for a «global compromise» as he told Heads of State and Government here that the world needs statesmanship and not gamesmanship to deal with current challenges. «Divides are widening within countries. Democracy is under threat. Authoritarianism is on the march.

Two cargo ships have arrived in one of Ukraine’s ports this weekend, using a temporary Black Sea corridor established by the government

Biden administration is pressing ahead with a concerted effort to strike a «grand bargain» in the Middle East that includes normalization of relations between Israel and Saudi Arabia, calculating that the U.S. could reap big rewards if it can overcome steep obstacles. President Joe Biden's aides have made this diplomatic push a foreign policy priority despite varying degrees of skepticism by experts on whether the timing, conditions and current regional leadership are right for a mega-deal that could reshape the geopolitics of the Middle East. This marks a dramatic reversal for a president who had spent much of his term shying away from deeper diplomatic involvement in the region's troubles, raising questions about why he has committed to such a challenging goal, what he stands to gain and whether he might end up paying too high a price. A bid to broker relations between longtime foes Israel and Saudi Arabia is the centerpiece of complex negotiations that involve discussions of U.S.

Viridios’ $55 million capital raise is bearing fruits. Eddie Listorti’s Australian-based carbon offset investor snapped up a majority stake in climate change consultancy Pangolin Associates on Monday, Street Talk can reveal.

Analysts at most brokerages have raised their price targets on Tata Steel shares in reaction to the company's joint investment plan with the UK government to build the country's largest steelworks in Wales. The move, which is estimated to reduce the steel maker's losses from Europe, has removed an overhang for the stock, said analysts. «We believe the recent developments related to Tata Steel UK will serve as a favourable catalyst for the stock price as it eliminates a key overhang for Tata to provide cash support from India operations to TSUK (Tata Steel UK) in the long term,» said Ravi Sodah, analyst at Elara Capital. Tata Steel shares, which gained 12% in the last month, ended 1.5% lower at ₹130.4 on Monday. While Tata Steel and the UK will invest £1.25 billion — including a government grant of £500 million — to build an Electric Arc Furnace (EAF) steel plant at Port Talbot — a town in Wales, the existing facility, which is nearing the end of its operational life, will be restructured.

By Heekyong Yang

(Reuters) — DirecTV said on Monday it had reached a multi-year deal with Nexstar Media Group (NASDAQ:NXST) that would return the local broadcaster's content to the AT&T-controlled distributor's network after a more than two-month blackout.

(Reuters) -Gold miner Newmont Corp said on Monday it has received a clearance from Australia's Foreign Investment Review Board to proceed with its proposed A$26.2 billion ($16.86 billion) takeover of Australia's Newcrest Mining (OTC:NCMGF).

₹1,770 crore. The MMLP will be spread across 400 acre at Muddelinganahalli in Bengaluru rural. The project is poised to become the first and largest MMLP ever implemented in the country under the PM GatiShakti National Master Plan.

By Davit Kirakosyan

Tata Steel share price touched a new 52-week high on Monday's trading session, following the announcement of a joint agreement between the company and the UK government on a proposal to invest in cutting-edge Electric Arc Furnace steelmaking at the Port Talbot site with a capital cost of £1.25 billion, inclusive of a grant from the UK Government of up to £500 million. Tata Steel stock price touched intraday high of ₹134.85 and low of ₹131.85.

The Jerusalem Post citing the report, Riyadh has communicated through the United States that the "extremist" character of Israel's right-wing government, led by Prime Minister Benjamin Netanyahu, is obstructing any potential improvement in relations with the Palestinians, consequently affecting ties with Saudi Arabia. The report also mentioned that Saudi Arabia was discouraged from pursuing a potential peace agreement because of Netanyahu's willingness to accommodate the demands of individuals like National Security Minister Itamar Ben-Gvir and Finance Minister Bezalel Smotrich, whom the Saudis perceive as being from the "far-right" political spectrum.

By David Morgan

Zee Entertainment Enterprises Ltd. The non-bank lender moved the National Company Law Appellate Tribunal (NCLAT) on 14 September against NCLT’s 10 August order approving the deal. “The adjudicating authority (NCLT) has failed to appreciate that the scheme is ex-facie illegal, unfair and unjust," said Axis Finance’s 43-page petition, a copy of which was seen by Mint.

(Reuters) -SoftBank is looking for deals in artificial intelligence (AI), including a potential investment in OpenAI, after the blockbuster listing of its Arm unit, the Financial Times reported on Saturday.