Transfin.
HomeNewsGuidesReadsPodcastsVideosTech
  1. News
  2. Explained

Fortis Board Opts For Munjal-Burman Deal et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
May 11, 2018 1:44 PM 1 min read
Editorial

End of Day Wrap-up (Friday / May 11, 2018) #Munjal #Burman #Fortis #healthcare #Reliance #Eicher #Trump #tax #China #EV #electric #Transfin

Editor's comment: Majority of Fortis Healthcare Board (5-3) opt for Munjals-Burmans offer, citing liquidity and certainty. Fortis Board asks Singh brothers to step down from the board of SRL Diagnostics.

 

Reliance Jio introduces sharp discount in postpaid offering, threatening to push down avg revenue per user for telecom peers.

 

March IIP grows by 4.4%, slowest in five months, driven by fall in capital goods production and reduced mining activity.

 

Eicher Motors demonstrates strong growth in truck sales in March quarter. Royal Enfield slows to 23% yoy vs. 38% an year back.

 

Countries accept hard limits or quotas on shipments as they strike deals with Trump administration to avoid tariffs. Temporary exemptions include 25% tariff on steel and 10% tariff on aluminium. South Korea is the first country to reach such a deal.

 

China’s auto sales rise 11.5% last month vs last year on back of EV friendly policies from Beijing, including incentives on electric purchases and restrictions on gasoline-car purchases.