Page 14 - Data Room News Today : Breaking News, Live Updates & Top Stories | Vimarsana

I. What’s the issue? The London Interbank Offered Rate (“LIBOR”) is the most widely used interest rate benchmark in the world, referenced in some $373 trillion notional value of financial transactions of all types.  But in light of the various price-fixing scandals surrounding LIBOR and the limited activity in the London interbank market, the U.K. Financial Conduct Authority (“FCA”) announced in 2017 that it will no longer sustain the publication of LIBOR as a reference rate by the end of 2021.  LIBOR’s administrator now plans to retire 3-, 6-, and 12-month U.S. dollar LIBOR in...

Centre invites financial bids for Air India to complete sale by September The Centre is set to invite financial bids for Air India as it looks to complete the sale of the troubled national carrier by September, reports The Telegraph. After its assessment of the preliminary bids, the government has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders, which include the Tatas and a consortium led by SpiceJet. The expression of Pawan Ruia has apparently been tossed out along with the overtures by th...

Date Time Property confidence stages remarkable comeback The latest results from the ANZ/Property Council Survey reveal surging confidence levels in Queensland’s property sector, despite the slower than anticipated return of workers to major business precincts. Property industry sentiment in Queensland bounced from 124 points in the December 2020 quarter, to 144 index points in the March 2021 quarter. The result shows that industry confidence has nearly tripled since the height of the COVID pandemic, when a low of 58 index points was recorded during the March 2020 quarter. A score of 100 is...

April 13, 2021 Interested players given access to data room; bidding process to end by Sept Tata group and Ajay Singh, the promoter of SpiceJet, have been invited to place a financial bid for Air India once they complete their review of the airline’s data room. “The access to data room has been given to interested players and once that process is over they will be asked to submit financial bids,” said a top official adding “The entire process is expected to be completed by September” . The government plans to sell 100 per cent of its equity share capital in the state-owned airline...

QLD_CM_BIZ_PEPSICO_18NOV19 Business by Gerard Cockburn 17th Mar 2021 3:07 PM Global drinks giant PepsiCo is rumoured to be flirting with the idea of selling off its Australian snack business that includes brands such as Smith's Chips and Nobby's nuts. The Australian's Data Room has reported the major drinks producer is looking to place its local snacks assets on the market for a potential new buyer. It has been reported PepsiCo has been scoping out consultants to look at the potential demerger of its Australian food operatio...