Markets

IDBI Bank asks Supreme Court to restore insolvency proceedings against Jaypee Infra

IDBI Bank asks Supreme Court to restore insolvency proceedings against Jaypee Infra Thus the stay of August 9 order of the Allahabad bench of National Company Law Tribunal has come as a relief for a large number of home buyers as NCLT by its now stayed order had prohibited the institution of suits or continuation of pending suit or proceedings against the Jaypee Infratech . [Full Article...]

KFC Has Made the World's First Store Where You Pay by Face

KFC Has Made the World's First Store Where You Pay by Face Ant Financial's Alipay service is the largest mobile payment service in China , processing an unbelievable $1.7 trillion in payments in 2016 . While now the payments involve tapping your phone on a receiver machine, Alibaba has eliminated the need for a smartphone entirely. [Full Article...]

Sensex drops 294 points, Nifty below 9900

Sensex drops 294 points, Nifty below 9900 Nifty50 index was trading 78 points lower at 9,897, while the 30-share Sensex was 231 points down at 31,661 around 1.10 pm (IST). Among good performers, Coal India is up by 2.1%, Reliance is up by 0.88%, while Tata Motors is up at 0.69%. [Full Article...]

United States shoots down medium-range ballistic missile in Hawaii test

United States shoots down medium-range ballistic missile in Hawaii test North Korea fired an intermediate-range ballistic missile early Tuesday that flew over Japan, escalating tensions between Washington and Pyongyang. He had recently claimed , after a lull of more than three weeks in such tests, that Kim Jong-un "is starting to respect us". The launch was condemned by the United Nations as an "outrageous" act. [Full Article...]

Novartis AG (NVS): A Detailed Look at its Institutional Ownership

As of quarter end Next Financial Group, Inc had disposed of 101 shares trimming its holdings by 1.2%. Finally, TheStreet upgraded Novartis AG from a "c+" rating to a "b" rating in a report on Friday, June 2nd. Convergence Inv Ltd reported 322,452 shares. North Star Investment Management Corp. now owns 1,526 shares of the company's stock valued at $113,000 after buying an additional 511 shares in t... [Full Article...]

Trump, Abe agree to strengthen pressure on North Korea

Trump, Abe agree to strengthen pressure on North Korea Secretary of Defense Jim Mattis has just directly contradicted the Commander-in-Chief on what the US response to North Korea's nuclear threat should be. military was ready with military options if the aggression continues. "The current situation on the Korean peninsula is not a screenplay, it's not a computer game". [Full Article...]

Hurricane Harvey blows gas prices way up

Hurricane Harvey blows gas prices way up In the bay area, prices have risen 8 cents from last week. The average price was under $2 a gallon late in July. "Not as significantly in the Upper Midwest where we do get our refinery fuel from places like Coates, Minnesota and Joliet, Illinois", said Weinholzer. [Full Article...]

AAA: Gas prices expected to keep rising in Florida

AAA: Gas prices expected to keep rising in Florida Nationally, the price has increased by 20 cents per gallon to $2.56 in one week, according to the survey. The average cost of a gallon of regular unleaded gasoline Friday was $2.28 in Lauderdale County and $2.32 in Colbert County, according to GasBuddy.com, which provides daily updates for counties across the nation. [Full Article...]

Gas Prices On The Rise As Labor Day Travelers Hit The Road

Gas Prices On The Rise As Labor Day Travelers Hit The Road According to GasBuddy.com, which tracks fuel prices nationally, the average price of gasoline in the US was $2.55 a gallon Friday. The average price was under $2 a gallon late in July. That's why we're seeing the impact not just regionally in Texas, Lousiana and Georgia, but across the country. "It's going to have a big increase with this hurricane hitting-a big, big increase". [Full Article...]

Fuel prices will rise heading into Labor Day

Fuel prices will rise heading into Labor Day Hurricane Harvey, which wiped out almost a quarter of US gas-refining capacity when it inundated parts of Texas and Louisiana, is sending gas prices up across the U.S. National auto group AAA expects to see the price at the pump statewide rise a minimum of 5 to 15 cents, reaching the highest seasonal prices since 2014. [Full Article...]

Walmart announces $20 million to Harvey relief effort, customer campaign

Walmart announces $20 million to Harvey relief effort, customer campaign Watt has received massive donations from all over the place as Titans owner Amy Adams Strunk donated $1 million, talk show host Ellen Degeneres donated $1 million in conjunction with Wal-Mart, and Arnold Schwarzenegger donated $100,000. "It's not a one-day, it's not a one-week, not a one-year project", Watt said . "To see the inspiring stories of everybody helping out, of neighbors helping neighb... [Full Article...]

Rajiv Pratap Rudy says his resignation was Centre's 'decision, prerogative'

Rajiv Pratap Rudy says his resignation was Centre's 'decision, prerogative' The ministers who have so far resigned include Rajiv Pratap Rudy , minister of state for skill development, Mahendra Lal Pandey, HRD minister of state, and Sanjiv Baliyan, MoS for water resources, river development and Ganga rejuvenation. Even during the last reshuffle in July past year, sources said, ministers were asked to submit their resignations to the party leadership first. Transport and... [Full Article...]

AAA: Harvey likely to impact gas prices in the Lowcountry

AAA: Harvey likely to impact gas prices in the Lowcountry The Trump administration tapped into the emergency Strategic Petroleum Reserve Thursday in response to the major refinery outages on the U.S. Gulf Coast caused by Hurricane Harvey . That assumes they didn't suffer serious damage, which is still unknown. Analysts said Harvey has had tragic effects on Texas and further heavy rain and floods could increase refining outrages, tightening pro... [Full Article...]

Oil Falls as Flooding Roils US

Oil Falls as Flooding Roils US The latest update from AAA shows a more than five-cent jump in the national average in just the past few days. To help alleviate the tight and potential shortage of supply, the Environmental Protection Agency (EPA) announced over the weekend that it will waive environmental standards on gasoline for select counties in Texas . [Full Article...]

Global fuel prices rise as Harvey's effects ripple beyond US Gulf

Global fuel prices rise as Harvey's effects ripple beyond US Gulf The recovery from Harvey will mimic the storm's path from west to east. Flint Hill Resources' refinery in Corpus Christi, where Harvey made landfall as a Category 4 hurricane, could begin to restart - a process that takes days - as early as Wednesday. [Full Article...]

Spain move towards World Cup spot with win over Italy

Spain move towards World Cup spot with win over Italy According to our predictions, team Italy will win tonight based on their recent performance and the past stats against Spain national football team . I want to help any way possible. "I realised yesterday that I'd get criticised whatever I did". "We have an idea, but there are always doubts that we will clear up between tomorrow and the next day", Lopetegui told COPE radio on Wednesday. [Full Article...]

Bond denied for 3 teens accused of killing South Florida MMA fighter

Bond denied for 3 teens accused of killing South Florida MMA fighter Jud Church said she was driving her daughter to school Friday morning when six unmarked Sheriff's vehicles pulled her over, and pulled her daughter Summer from the auto. The three defendants could face the death penalty if convicted of the heinous crime, MMA Mania reported. An argument broke out and at least one shot was sacked before the suspects drove off, the sheriff's office said. [Full Article...]

Massive Time Warner Cable customer data leak blamed on engineers

Massive Time Warner Cable customer data leak blamed on engineers According to Time Warner Cable parent Charter Communications , "There is some nonfinancial information of TWC customers, especially for those who used the MyTWC app, which may be visible to external individuals". Publication of the breach, which Kromtech detailed on its website Friday, was delayed so that BroadSoft could privately alert its customers. The S3 buckets were accidentally configured... [Full Article...]

Cabinet reshuffle: Dark horse Nirmala takes over Defence reins

Cabinet reshuffle: Dark horse Nirmala takes over Defence reins Charge of Defence was now with Finance Minister Arun Jaitley. Indira Gandhi , as then Prime Minister, had also held the portfolio in the seventies. As the third Cabinet reshuffle concluded on Sunday, the new cabinet sees 4 new Ministers in the list. Sitharamans stunning elevation from commerce ministry to Defence grabbed the lions share of attraction in the latest round of reshuffle. [Full Article...]

Never favoured demonetisation, suggested alternatives: Raghuram Rajan

Never favoured demonetisation, suggested alternatives: Raghuram Rajan Rajan now teaches economics at the University of Chicago Booth School of Business. "Although there might be long-term benefits, I felt the likely shot-term economic costs would outweigh them", Rajan wrote. Days after the demonetisation, the former RBI governor had said: "My sense is the clever find ways around it". Instead of holding its ground and seeking reasonable time to deliberate on the no... [Full Article...]


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