Economy

Petrol Selling at Rs 81.93 in Mumbai; Diesel at All-time High

Petrol Selling at Rs 81.93 in Mumbai; Diesel at All-time High The previous highs in these cities were Rs 78.03 (Kolkata, August 2014), Rs 82.07 (Mumbai, March 2014) and Rs 76.93 (Chennai, July 2014). Former finance minister P Chidambaram slammed the Prime Minister Narendra Modi-led government in a series of tweets over the skyrocketing diesel and petrol prices. [Full Article...]

India Set To Get Its First 100 Billion Dollar Company In TCS

India Set To Get Its First 100 Billion Dollar Company In TCS Stating that fiscal 2017-18 has been a "sobering year" on slower revenue growth, the nation's largest software exporter TCS yesterday reported a 4.4 per cent rise in March quarter net profit at Rs 6,904 crore. The software major said that all industry verticals - with the exception of BFSI - grew above the company average, with three verticals growing in double digits. [Full Article...]

Cash crunch brings back demonetisation worries, govt allays fears

Cash crunch brings back demonetisation worries, govt allays fears After reviewing the cash situation and the measures to replenish starved zones for the second time in a week, he tweeted, "Have reviewed the currency situation in the country". "Rs 2000 notes are circulating but of late we have noticed there has been lesser inflow coming back in the circulation". "The Government of India would like to assure that there has been an adequate supply of currency not... [Full Article...]

Expert Analysts Consensus Opinions for: Wells Fargo & Company

Expert Analysts Consensus Opinions for: Wells Fargo & Company Sheets Smith Wealth Management who had been investing in Celgene Corp for a number of months, seems to be less bullish one the $67.70B market cap company. The fund owned 174,699 shares of the financial services provider's stock after selling 4,070 shares during the period. 405,166 were reported by Cullen Frost Bankers. [Full Article...]

Ramaphosa cuts short United Kingdom visit to resolve Mahikeng chaos

Ramaphosa cuts short United Kingdom visit to resolve Mahikeng chaos Mahumapelo is a supporter of Jacob Zuma, who Ramaphosa ousted as the nation's president in February. "The president will return to Pretoria today, Thursday", the president's office said in a statement. It was understood that protesters, who lit a tyre on the bridge over the road, had allowed vehicles to drive through if they paid R20. "While there are often genuine service delivery protests, w... [Full Article...]

$0.35 EPS Expected for Dominion Energy Midstream Partners, LP (DM)

The stock decreased 1.40% or $0.57 during the last trading session, reaching $40.05. Based on an average daily volume of 96,380 shares, the short-interest ratio is now 0.3 days. Analysts await Magellan Midstream Partners, L.P. (NYSE: MMP ) to report earnings on May, 3 before the open. ValuEngine cut shares of EnLink Midstream Partners from a "hold" rating to a "sell" rating in a report on Friday... [Full Article...]

Alibaba Group Holding (BABA) Shareholder Newport Asia LLC Has Decreased Its Holding

It has underperformed by 55.53% the S&P500. Jabre Capital Partners Sa increased Alibaba Group Hldg Ltd ( BABA ) stake by 127.53% reported in 2017Q4 SEC filing. The stock of Alibaba Group Holding Limited (NYSE: BABA ) earned "Buy" rating by Needham on Friday, April 15. Therefore 58% are positive. SCANA had 34 analyst reports since August 15, 2015 according to SRatingsIntel. [Full Article...]

India's reforms bearing fruits, make case for more steps

The International Monetary Fund predicted the world economy's strongest upswing since 2011 will continue for the next two years, but warned the seeds of its demise may have already been planted. Beijing has promised to retaliate with reciprocal tariffs, while USA trading partners and foreign companies have been lobbying Trump for waivers from the levies. [Full Article...]

People waste almost a pound of food daily

People waste almost a pound of food daily Yes, Americans waste an astounding 150,000 tons of food each day - about one pound per person - and it turns out that the biggest culprits are healthy eaters. Soup, fruits and vegetables and mixed dishes, and other foods and dishes had the highest waste rate, at approximately 30 percent each. Data from various US Government sources also allowed the researchers to estimate the amount of agricultu... [Full Article...]

Barclays boss Jes Staley fined for whistleblower scandal

Barclays boss Jes Staley fined for whistleblower scandal It also pointed out the regulators did not allege he acted with a lack of integrity or lack of fitness to perform his role as group CEO. Previous year the bank flagged to regulators Mr. Then, early in 2017, an employee complained to the Barclays board about its whistle-blowing procedures, pointing out Mr. Staley's reaction to the anonymous letter writer the prior summer. [Full Article...]

Philadelphia's top cop apologizes to black men arrested at Starbucks

Philadelphia's top cop apologizes to black men arrested at Starbucks Ross went on to say the department is enacting a new policy for officers to "deal with similar situations". One reason, he said, is so that officers will not be manipulated by businesses. No charges were filed. "My community. So in that moment, I'm trying to process what's going on because it didn't really hit me what was going on, that it was real until I'm being double locked with my hands behin... [Full Article...]

National Football League schedule release: Top 10 games to watch in 2018

National Football League schedule release: Top 10 games to watch in 2018 ET. The Atlanta Falcons kick off their 2018 schedule with a rematch against the Super Bowl champion Philadelphia Eagles on 11Alive and NBC. The NFL launched the International Series in 2007, with a regular season game between Miami and the New York Giants at Wembley Stadium. [Full Article...]

Target Stores Offer Drive-Up Service In Texas, Florida

Target Stores Offer Drive-Up Service In Texas, Florida Target now offers free two-day shipping on hundreds of thousands of items on Target.com-thanks to the high volume of online orders delivered from stores. Customers will park in a designated drive-in spot and orders will be brought to the auto and loaded within 2 minutes, the company said in a press release. [Full Article...]

General Electric (GE) Stake Boosted by Commerzbank Aktiengesellschaft FI

Goldcorp Inc. (NYSE:GG) has declined 14.21% since April 19, 2017 and is downtrending. GE underperformed the S&P500 by 65.90%. The company's 3-months average volume stands at 85.53 million. Gemmer Asset Ltd Liability Company stated it has 15,514 shares or 0.09% of all its holdings. Pension Serv reported 0.15% stake. Shares of General Electric stock opened at $13.66 on Thursday. [Full Article...]

Philip Morris International (PM) Position Lifted by RBO & Co. LLC

Philip Morris International (PM) Position Lifted by RBO & Co. LLC About 33.86M shares traded or 514.20% up from the average. Alibaba Group Holding Limited ( NYSE :BABA) has risen 68.29% since April 19, 2017 and is uptrending. ( NYSE :PM) rating on Friday, October 20. The firm has "Buy" rating by Jefferies given on Thursday, November 16. The firm earned "Hold" rating on Friday, October 20 by Jefferies. [Full Article...]

The next mega merger could be a $60 billion drug deal

The next mega merger could be a $60 billion drug deal Botox-maker Allergan confirmed on Thursday it was considering an offer for Shire after Reuters reported on its interest, sending its shares down 7 percent. The firm has said it could become acquisitive and is looking at strategic options. "We think that Takeda's recently expressed interest in Shire may flush out other potential bidders, most likely among the USA pharma heavyweights includi... [Full Article...]

Bon-Ton Stores, Inc. Announces Going out of Business Sales

Bon-Ton Stores, Inc. Announces Going out of Business Sales The Bon-Ton Stores was operating 260 stores in 24 states, largely in the Northeast and Midwest, when it filed for bankruptcy in January. The move impacts several local employees, who learned of the closure on Tuesday. More recently, the company also received a letter of intent and not a formal bid from an investor group of two mall owners and a NY investment firm including Namdar Realty Group, W... [Full Article...]

'Fearless Girl' moving to new home in front of the NYSE

'Fearless Girl' moving to new home in front of the NYSE The relocation to the stock exchange, three blocks away, would bring the bull back to its original place where it was delivered on a forklift truck as guerrilla art during the night in December 1989 to express financial survival after the stock market collapse. [Full Article...]

Attempts to Regain Footing? Delta Air Lines, Inc. (DAL)

Attempts to Regain Footing? Delta Air Lines, Inc. (DAL) Bowling Portfolio Management Llc decreased its stake in Delta Air Lines Inc ( DAL ) by 46.8% based on its latest 2017Q4 regulatory filing with the SEC. Inc. boosted its stake in Delta Air Lines by 2.9% in the third quarter. (NYSE: DAL ). Rothschild Invest Il holds 32,980 shares. Peak6 Invs Lp reported 0% stake. [Full Article...]

India takes USA to WTOs safeguard committee on steel, aluminium duties

India takes USA to WTOs safeguard committee on steel, aluminium duties But she insisted the bloc would not discuss USA trade issues "under pressure, under threat", adding the tariffs were in breach of WTO rules. On March 23, the U.S. According to estimates, India exports steel and aluminium goods worth about $1.6 billion a year to America. Commerce ministry officials said the decision to approach the WTO was taken after India's attempts to sort out the matter bil... [Full Article...]


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