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Brookfield’s management has started discussions with various investment bankers and a formal mandate will be issued in a week. The formal sale process is expected to be launched by the middle of October, the people said. Brookfield is among the world’s largest asset managers.
Asia shares set for choppy session after Wall Street hits record highOn Wall Street, the Dow Jones Industrial Average rose 0.17% to 33,503.57, the S&P 500 gained 0.42% to 4,097.17 and the Nasdaq Composite added 1.03% to 13,829.31.
from Stocks-Markets-Economic Times https://ift.tt/3d2f9xF
… Read MoreQ4 may see highest revenue growth in 8 quarters for India IncA report by Edelweiss also noted that larger companies would lead this recovery. For the Nifty 50 companies, low base and strong earnings momentum are likely to propel earnings growth to a record 100%-plus rate on a yearly ba… Read MoreAxis as promoter brings stability: Max Life Axis Bank becoming a promoter of Max Life has reduced pressure on the life insurance company to diversify its distribution channel. The private lender accounts for 55-60% of the insurer’s sales and this was creating pressure… Read MoreStocks in the news: Vodafone Idea, Tata Power, Vedanta, NBCC, FRL and Elantas BeckTata Power said its total outstanding borrowing stood at Rs 16,504.41 crore at the end of March 31.
from Stocks-Markets-Economic Times https://ift.tt/2PFBWXj
… Read MoreSGX Nifty down 15 points; here's what changed for market while you were sleepingAsian markets were largely mixed on Friday after technology stocks lifted the S&P500 index to a new record even as investors weighed an unexpected rise in the number of Americans filing new claims for unemployment benefit… Read More
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