India's Motherson Sumi buys Finland's PKC Group for $619 million
Indian auto parts maker Motherson Sumi Systems Ltd (MSSL) said on Monday it had completed the buyout of Finland's PKC Group for 571 million euros ($619.4 million).
NEW DELHI India's cabinet gave the go-ahead on Wednesday for state-run Indian Oil Corp to sell a 24 percent stake in a joint venture to its U.S.-based partner Lubrizol Corp, a government statement said.
IOC held a 50 percent stake in the joint venture, Lubrizol India Pvt Ltd, according to the company's 2015-16 annual report. The joint venture makes chemical additives for lubricants.
(Reporting by Nidhi Verma; editing by Susan Thomas)
TOKYO Bank of Japan board members said easy monetary policy will be in place for some time because consumer price growth is still distant from the central bank's 2 percent inflation target, a summary of opinions from their March 15-16 meeting showed on Monday.
Wall Street fell on Monday, dragged down by financial shares, but rebounded from steeper initial losses as investors assessed how the defeat of President Donald Trump's first major legislative action would impact the rest of his agenda.