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PM Modi Heads For The UK To Conclude Potential Trade and Investment Deals et al.

Professor of Financial Economics and Part-time Value Investor, Transfin.
Apr 16, 2018 12:21 PM 1 min read
Editorial

End of Day Wrap-up (Monday / April 16, 2018) #Fortis #PM #Modi #Ola #EV #electricvehicles #CEO #WPP #Pharma #Transfin

Editor's comment: Met department forecast normal southwest monsoons, predicting rains at 97% long period average (LPA). Rural economy expected to benefit in run up to 2019 General Elections. 

 

Fortis Board to meet this week to assess all options for its sale, in light of new offers coming to light last week. Bidders include TPG-Manipal Group, IHH Healthcare, Hero-Burman Group.  

 

Ola plans to roll out 10,000 electric three-wheelers within a year and a million EVs by 2021. The company wants to build out of its existing pilot project ongoing in Nagpur.  

 

PM Modi heads for the UK via Sweden to conclude potential trade and investment deals with both nations. The closing of a potential trade deal with UK may be on the cards in light of ongoing Brexit negotiations.  

 

Martin Sorrell abruptly quits as CEO of global advertising giant WPP, putting the company at risk of a break-up. Sorrell was the Founder of the 200,000 employee corporation which was a network of over 400 ad agencies worldwide. He quit amidst allegations of personal misconduct and misuse of company assets.   

 

Shire plc to sell its oncology business to French drugmaker Servier for $2.4bn, discouraging Japanese company Takeda Pharma from bidding for the former.