Page 2 - Sterling

Global investors led by Arpwood buy majority stake in Sterling Hospitals

According to Arpwood Partners, the consortium will now invest in high-calibre clinical talent, infrastructure upgrade and patient service experience, and deliver quality medical care to patients

Surprise rate hike lifts Swiss franc, sterling tumbles before BoE

As Swiss National Banking increased its policy interest rates, the franc took a jump against the US Dollar and Euro, which is a first in almost 15 years, say reports.

Dollar index hits 20-year high, sterling tumbles on dovish Bank of England

Stocks tumbled on Thursday as investors fretted the Fed might need to take more drastic action to bring inflation under control

Euro tests support as Russia-Ukraine crisis threatens economic growth

The common currency briefly fell below support to touch a 21-month low of $1.1090 overnight, before recovering a slightly to last trade at $1.1114

Currency markets try to regain footing in Ukraine crisis, NZ dollar jumps

Away from the threat of a full-scale Russian invasion of Ukraine, the New Zealand dollar jumped 0.52% after Reserve Bank of New Zealand raised ROI, stating more tightening could be necessary.

Sterling Accuris to raise Rs 250 crore from fund managed by Morgan Stanley

Diagnostic lab chain Sterling Accuris Wellness on Monday said it has inked a pact to raise Rs 250 crore from a fund managed by Morgan Stanley Pvt Equity Asia in order to expand operations. Sterling, which started operations in 2016, has over 1,000 employees and operates around 150 labs and collection centers in Gujarat, Delhi, Rajasthan and Madhya Pradesh. The company is aiming a revenue of around Rs 250 crore in the current fiscal year. As diseases become more complex, the need for their quick and accurate diagnosis through testing will become more critical," Sterling Accuris Chairman Girish Patel said in a statement. This will lead to increased customer preference towards organised pathology lab networks, he added. "Over the last five years, Sterling Accuris have built a strong business in the markets we operate in and the growth capital infusion from a seasoned investor like Morgan Stanley will help the team accelerate the execution of our expansion plan," Patel noted. During

NHRC seeks more time to file counter in 2018 Sterlite firing case

The National Human Rights Commission on Monday sought more time to file its counter in response to a PIL from a human rights activist seeking to reopen the 2018 police firing case in Tuticorin

Sterling Gtake E-mobility bags Rs 60 cr order from electric 2W maker

Sterling Gtake E-mobility, a manufacturer of motor control units for electric vehicles bagged an order worth Rs 60 crore from a leading electric two-wheeler maker

Sterling hits $1.40 for first time in nearly 3 years on vaccine hopes

At 0857 GMT, the pound was at $1.4005 against the dollar

Sterling hits 3-year high as vaccinations fuel hopes for end of lockdown

The currency has been a key gainer against a struggling greenback this month as the aggressive rollout of the Covid-19 vaccination programme in the UK raised hopes that its economy will recover

US-China trade talks: European stocks slump, sterling extends dollar-rally

Sterling hit an eight-month high at $1.3190, one day after reaching a 2.5-year peak versus the euro

Shapoorji Pallonji may sell Forbes stake to pay back Sterling Wilson

Shapoorji Pallonji Group, the promoter of Sterling Wilson Solar, is exploring several options, including making Eureka Forbes public or selling stake in its engineering firm Forbes & Company to pay back the inter-company loans the group had taken from the solar company, sources said.

No impact of repayment delay on working capital: Sterling & Wilson Solar

Promoters aim to reduce outstanding loan by Rs 1,000 crore from listing date, by December 31

Sterling hit by 'flash crash' in biggest fall since Brexit

Comments from French President Francois Hollande calling for tough negotiations with Britain over its exit were also cited

Sterling falls below $1.27 for first time since 1985

Fears of a hard Brexit from the EU also pushing the currency to a five-year trough against a broadly stronger euro