Day: September 9, 2020

LVMH Says It Won’t Move Ahead With Tiffany Acquisition

PARIS — The engagement between Tiffany and LVMH Moët Hennessy Louis Vuitton seems to be off.

The French luxury giant said it likely won’t be able to complete its planned $16.2 billion acquisition of the American jeweler after France’s Minister for Europe and Foreign Affairs asked LVMH to defer the transaction beyond Jan. 6, 2021. The request was made in the wake of a U.S. threat to slap taxes on a range of French products.

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LVMH noted that its original acquisition agreement called for a deadline of Nov. 24 to complete the transaction.

“As it stands, the

Finmin clarification: ‘We haven’t delayed payments of Rs 7 lakh crore’

The power ministry proactively conceptualised Rs 90,000 cr worth of liquidity infusion scheme to ease the liquidity position of the above -mentioned generators in two equal tranches.

In response to the news report ‘Forget the stimulus, just clear your dues’, written by Prasanta Sahu which appeared in the edition dated September 8, the finance ministry has responded with the following:

169 arbitration cases involving claims of contractors of Rs 74,227 crore as on Dec 2019
Comments: Out of Rs 74,227 crore, majority of the claims (Rs 52,945 crore) pertain to 4 contractors, who are not participating now in the highways

Xbox Series S arrives on November 10 with ray tracing, 512GB SSD and 120fps playback

Hours after revealing its first look and price, Microsoft has shared the launch date and some key hardware details of its second upcoming console, aka Xbox Series S. The Xbox Series S arrives on November 10 with ray tracing, 512GB SSD, 120fps playback, and more. The higher-end Xbox Series X is also expected to launch on the same date.

With the Xbox Series S, Microsoft is promising next-generation performance packed inside a smaller package. While we do not know exactly what that entails, we now know that the Xbox Series S is 60% smaller than the Xbox Series X. Microsoft