Samsung Group dismantles corporate strategy office

 Samsung, in a statement, said top group executives including Vice Chairman Choi Gee-sung and President Chang Choong-ki had resigned and that its affiliates would manage themselves independently through cooperation between individual firms' chief executives and the boards of directors.Samsung Group dismantles corporate strategy office South Korea's Samsung Group on Tuesday said it has dismantled its corporate strategy office, the nerve centre of operations for the sprawling conglomerate, following its chief's arrest amid a graft scandal that could bring down President Park Geun-hye. Samsung, in a statement, said top group executives including Vice Chairman Choi Gee-sung and President Chang Choong-ki had resigned and that its affiliates would manage themselves independently through cooperation between individual firms' chief executives and the boards of directors.

FPIs net inflow at Rs 14,600 cr in February 

Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation. Overseas investors have pumped in over Rs 14,600 crore into the Indian capital markets this month so far, enthused by clarity on FPI taxation. The latest inflow followed a net pullout of Rs 80,310 crore from equity and debt together in the past four months (October-January). Prior to that, FPIs had invested over Rs 20,000 crore in the capital market in September 2016. According to depository data, foreign portfolio investors (FPIs) infused a net sum of Rs 9,359 crore in equities during February 1-23 and another Rs 5,279 crore in the debt segment, translating into a total inflow of Rs 14,638 crore. The net inflow may increase further as two trading sessions are still left in this month, experts believe. "After being net sellers in January 2017, FPIs pumped in funds post-Budget, especially after they received clarity on capital gains taxation as well as tax on indirect transfers," Vidya Bala Head Mutual Fund Research at Fundsindia.com said. "Also, the demonetisation fears did not reflect much in the earnings numbers which could also be one more reason for FPIs to repose faith in the Indian markets.

China FX regulator says strengthening supervision of forex mkt 

Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the weakening yuan currency, while trying to attract more foreign investment. China's FX regulator said on Monday that it will strengthen supervision of the foreign exchange market in 2017, while improving policy transparency and promoting the further opening of financial markets. Chinese authorities have taken a raft of steps in recent months to curb capital flight from the country to support the weakening yuan currency, while trying to attract more foreign investment. Pan Gonsheng, head of the State Administration of Foreign Exchange (SAFE) said that China's foreign exchange market is relatively stable and cross-border capital flows are becoming more balanced, according to a statement posted on its website. The SAFE recently uncovered a underground bank in the southern Chinese city of Shenzhen involving 50 billion yuan (USD 7.27 billion), and cases of firms' using fake documents and fake trade deals to transfer foreign exchange overseas. 

SoftBank set to invest more than $3 billion in WeWork

 The investment being discussed is a USD 2 billion primary tranche of funding, followed by a secondary round worth more than USD 1 billion. SoftBank may increase the size of the secondary investment to nearly USD 2 billion, the source said, for a total investment of nearly USD 4 billion in the shared space real estate startup. SoftBank is close to finalizing an investment in WeWork, a source close to the transaction tells CNBC. The deal is expected to be worth over USD 3 billion. The investment being discussed is a USD 2 billion primary tranche of funding, followed by a secondary round worth more than USD 1 billion. SoftBank may increase the size of the secondary investment to nearly USD 2 billion, the source said, for a total investment of nearly USD 4 billion in the shared space real estate startup. For WeWork insiders, there is a tender offer on the table at around USD 44.10 per internal share. If the deal closes, WeWork would be valued at more than USD 20 billion. 

Budget 2017: 7 new rail line projects sanctioned for 

Maharashtra Seven new lines, covering 3,123 kilometres and several other projects, have been sanctioned by the government for Maharashtra, in the Union Budget 2017-18 presented by finance minister Arun Jaitley. This year, the Railway Budget R Seven new lines, covering 3,123 kilometres and several other projects, have been sanctioned by the government for Maharashtra, in the Union Budget 2017-18 presented by finance minister Arun Jaitley. This year, the Railway Budget was incorporated in the general budget after a gap of over 90 years. According to officials, Maharashtra has got budgetary allocations to the tune of Rs 5,958 crores for upcoming fiscal years, which is 408% higher than the average allocation of last five years. Railway officials welcomed the budget, saying the allocations made for new projects were ‘unprecedented’ and ‘more than expected’. The Pink Book of the Railway Budget put up on the Ministry of Railways’ website, provides the detailed list of projects. 

Onion farmers get another train to transport bumper crop

 The new rake will further enhance the carrying capacity of onions by 30 percent and will be in addition to the existing three freight trains operated by Central Railways to carry the bulbs from Nashik. |  Railways have stepped in to quickly transport the bumper harvest of the famed red Nashik onions by operating an additional freight train from today. The new rake will further enhance the carrying capacity of onions by 30 percent and will be in addition to the existing three freight trains operated by Central Railways to carry the bulbs from Nashik. Onion farmers of Nashik, which produces almost 30 percent of the total onions produced in the country, have been staring at a loss as they have failed to recover cost of farming due to falling prices of the kitchen staple.

Infra firm Montecarlo plans to go public 

Its restructuring will involve a plan to create a separate entity for its real estate business while merging all its engineering, procurement and construction (EPC) operations into the parent company to simplify the company's structure. Infrastructure company, Montecarlo, is planning to restructure its business to get listed on BSE next year, reports Mint . Its restructuring will involve a plan to create a separate entity for its real estate business while merging all its engineering, procurement and construction (EPC) operations into the parent company to simplify the company's structure.