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Friday, 6 July 2018


CapitalStars Investment Adviser

US-China trade war update : US-China trade war update: US imposes tariff on ~$34bn of Chinese imports

US-China trade war updatUS-China trade war update: US imposes tariff on ~$34bn of Chinese importse:
The global economy moves closer to a global trade war, as the US has announced that it is implementing import tariffs on ~$34bn of Chinese imports. China has stated that they are retaliating with import tariffs on US goods (mostly agricultural goods). The main motive behind the import tariffs have been accusations that – (1) China has stolen US intellectual property on numerous occasions, (2) Chinese manufacturers have not only reduced manufacturing jobs in the US but have also taken advantage of free trade to expand America’s trade deficit with China to ~$336bn. US imposes tariff on ~$34bn of Chinese imports

Indiabulls Real Estate to sell 100% stake in Chennai commercial asset to Blackstone
Indiabulls Real Estate Ltd (IBR), a Mumbai-based realty company, has inked a pact with global PE fund Blackstone Group LP to divest 100% stake in its commercial assets at Ambattur, Chennai, for a gross value of Rs850cr.
In a statement to the stock exchanges on Friday, IBR said that it has authorized the execution of definitive transaction document(s) with the entities controlled by the Blackstone Group, by which the company will divest its 100% stake in the business of commercial assets at Ambattur, Chennai. This is expected to realize a gross value of approximately Rs850cr, subject to adjustments, if any. The deal will be completed in tranches by September 30, 2019, subject to certain closing conditions.

Plans to integrate food business not concrete; looking at growing domestic market – 
Tata Group Chairman, N Chandrasekaran, stated that there is no concrete plan for the restructuring of its food and beverages segment, at the AGM of Tata Global Beverages (TGBL), as per media reports. There were speculations that Tata Group is mulling options to integrate its food and beverage businesses into a single company (Read here). This has led to spike in the Tata stocks, TGBL, Tata Coffee and Tata chemicals.

Sobha Developers jumps 6% on strong sales booking in Q1FY19
Sobha Developers Ltd’s sales bookings for the first quarter of FY19 increased by 22% to Rs762.4cr as compared to corresponding quarter last year on higher volumes. Shares of the company jumped over 6%.
In a statement to the stock exchanges post market hours on Thursday, Sobha said that it sold 0.96mn sq.ft area during the Apr-Jun quarter, up 18% from 0.81mn sq.ft. in the corresponding quarter last fiscal. Meanwhile, Sobha’s average price realization rose 3.8% yoy to Rs7,941 per sq.ft during the period under review 

Glenmark partners with Seqirus to commercialize Ryaltris in Australia and New Zealand
Glenmark Pharma, through its subsidiary Glenmark Specialty, has entered into an exclusive licensing agreement with Seqirus Pty to commercialize Ryaltris in Australia and New Zealand. Seqirus Pty is a part of Australia-based specialty biotechnology company CSL Ltd.
Under the terms of the agreement, Glenmark will be responsible for product supply, while Seqirus will be responsible for regulatory filing and commercialization of the product in Australia and New Zealand. Glenmark will receive an upfront payment and regulatory and commercial milestone payments from Seqirus.


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