DSIJ Mindshare

The board of directors of the company approved the proposal for buyback of up to 36,90,000 equity shares at a price of Rs. 65 each.

Car producers in China are facing the brunt of trade war tension between the two biggest economies of the world. Car sales in China slipped 2.8 per cent in 2018 due to a slowdown in the economy resulting in sluggish demand.

TV18 Broadcast announced its results for the quarter ended December 31, 2018. On a consolidated quarterly basis, the company’s operating revenue surged 22 per cent YoY to Rs. 1,475 crore in Q3FY19 from Rs. 1,211 crore in Q3FY18. Operating EBITDA increased to Rs. 115 crore in Q3FY19 from Rs. 82 crore in Q3FY18, thereby rising 41 per cent YoY.

Indian Oil Corporation Limited (IOC) has launched international bonds for US$ 900 million carrying a coupon of 4.75 per cent. The notes will be settled by January 16, 2019.