Economy

Sensex shot up by 301.09 pts

Sensex shot up by 301.09 pts Meanwhile, the Nifty was trading higher by 51.30 points or 0.50% at 10,218.00 with 46 components gaining. Participants sensed value-buying opportunities after the equities' recent lacklustre run, making stock valuations attractive, according to market participants. [Full Article...]

Airline Profits to Keep Rising in 2018

Airline Profits to Keep Rising in 2018 She highlighted examples such as for the last mile for small parcel deliveries, transporting goods to remote or isolated areas and on routes which are not economically viable for larger aircraft. The IATA said the higher revenues are due in part to more passengers and more cargo. The Iata chief said the industry also faces longer-term challenges. [Full Article...]

Rangers make a West Coast swing to meet Shohei Ohtani

Rangers make a West Coast swing to meet Shohei Ohtani Several teams said Sunday they were told they had been eliminated, and the seven remaining were also confirmed Monday to AP by a pair of people familiar with the choices. ". I wish him the best of luck". Ohtani is limited to a minor league contract because of restrictions imposed by the MLB collective bargaining agreement. [Full Article...]

Apple to Pay Ireland Billions in Back Taxes

Apple to Pay Ireland Billions in Back Taxes Since then though, it seems that Apple has reached an agreement with Ireland to pay back €13 billion in back taxes. To view the full article, register now. "The Commission's case against Ireland has never been about how much Apple pays in taxes, it's about which government gets the money", the firm said in a statement . [Full Article...]

Twins who sued Facebook have become Bitcoin billionaires

Twins who sued Facebook have become Bitcoin billionaires They received a hefty payout and invested $11 million to buy Bitcoin . The digital currency hit a new high of $11,826.76 per coin on Sunday, according to data from Markets Insider , surpassing its previous high of around $11,300. "Still, the twins" early comments about bitcoin appear to have been prescient. Winklevii tried to create an ETF or an Exchange Traded Fund for the cryptocurrency , w... [Full Article...]

Amazon Has Launched Down Under And Aussies Aren't Impressed

Amazon Has Launched Down Under And Aussies Aren't Impressed The giant e-tailer is promising one-day deliveries in most capital cities and 30% discounts on big-brand toys and clothing. Its keenly anticipated entry into Australia's $300 billion retail market comes as traditional bricks and mortar retailers brace themselves for the impact of Amazon's arrival. [Full Article...]

Elon Musk's massive battery is up and running in South Australia

Elon Musk's massive battery is up and running in South Australia World's largest lithium-ion battery is now up and running in South Australia , and it's all thanks to Musk and Tesla. But, can a Li-ion battery power an entire town or towns? Weatherill came under fire previous year after the entire state went black following a major storm, and raced to shore up the state's grid with a A$510 million ($385 million) plan, including ordering the big battery and ... [Full Article...]

India has standardised itself for 7-8 pc growth rate: Jaitley

India has standardised itself for 7-8 pc growth rate: Jaitley We should wait for the growth rates over the next 3-4 quarters before we can reach a definite conclusion. According to the finance minister, India managed 7% to 8% growth at a time the world was moving slowly. " Manufacturing growth has been one of the main reasons for the encouraging growth rate figure of 6.3 per cent for 2nd Quarter", he added. He said, this growth happened on the back of... [Full Article...]

Oil prices tumble amid U.S. inventory data

Oil prices tumble amid U.S. inventory data Analysts on average forecast a decrease in oil reserves by 3 million barrels, as well as an increase in distillate stocks by only 160,000 barrels. Inventories at the closely watched Cushing, Oklahoma delivery hub fell by 2.9 million barrels to 58.3 million barrels last week, its biggest weekly draw since Sept 2009. [Full Article...]

Uber admits that 2.7 million Brits were affected by 2016 mega-hack

Uber admits that 2.7 million Brits were affected by 2016 mega-hack A joint lawsuit was filed on behalf of IL and the city of Chicago on Monday, seeking to hold the ride sharing company accountable for a 2016 breach that exposed the data of 57 million customers and drivers worldwide. "Consumers expect and deserve protection from disclosure of their personal information". Ferguson's lawsuit is the first from a state, although attorneys general in New York, Missou... [Full Article...]

Black Friday indeed: for retail the pain is just starting

Black Friday indeed: for retail the pain is just starting Online sales were reported at $ 5 billion on Black Friday, which is up 16.9% versus the same shopping day past year. Many retailers launch their Black Friday discounting campaigns in advance of the day itself, extending the peak activity over a longer period. [Full Article...]

WNIJ's Gas Price Monday

WNIJ's Gas Price Monday Rockford's average gas price is $2.54 per gallon. Travel club AAA says all eyes are on Thursday's scheduled OPEC meeting and whether the oil-producing nations extend their agreement to cut daily production by 1.8 million barrels through the end of 2018. [Full Article...]

Pakistan calls in army to end anti-blasphemy protests

Pakistan calls in army to end anti-blasphemy protests Local media reported that one police officer had been killed in the clashes, but a spokesman for Islamabad police, Naeem Iqbal, denied the accounts. Since Nov. 8500 police and paramilitary rangers and frontier corps were deployed to clear the demonstrators. Karachi Police said almost 200 protesters blocked a major road in the southern port. [Full Article...]

Dish Network gets CBS back after brief service blackout

Dish Network gets CBS back after brief service blackout If you're a customer in Chicago, Dish wants you to get in touch with businesses like Pizzeria Bebu, and Ahimsa Yoga Studio in order to help get CBS back on your TV. Dish Network sports aficionados can now catch Friday's Missouri-Arkansas college football game, Saturday's highly anticipated Iron Bowl game between No. [Full Article...]

Sensex goes up 102 points, Nifty above 10370

Sensex goes up 102 points, Nifty above 10370 Market breadth was in the favour of gainers, with about 2 stocks advancing to every 1 stock that declined. "Major Asian markets ended on a positive note while European indices like CAC 40 and DAX traded higher", Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS. [Full Article...]

United States arrests ex-Hong Kong and Senegal officials in bribery case

United States arrests ex-Hong Kong and Senegal officials in bribery case Chi-Ping Patrick Ho of Hong Kong was arrested on Saturday, while Cheikh Gadio, the former foreign minister of Senegal, was arrested in NY on Friday. On Oct. 19, 2014, Ho met Kutesa at the United Nations. Two months later, Ho pledged a $2 million bribe to Deby on behalf of the energy company in exchange for obtaining lucrative oil rights from the Chadian government. [Full Article...]

Robinho sentenced to nine years in prison for sexual assault

Robinho sentenced to nine years in prison for sexual assault Former Milan and Manchester City striker Robinho has been found guilty of rape in a Milanese disco in 2013 and given a nine-year sentence. Five other men were also found guilty along with the player, who now represents Atlético Mineiro. [Full Article...]

Uber is buying thousands of self-driving cars from Volvo

Uber is buying thousands of self-driving cars from Volvo As a part of the agreement, Uber plans to buy as many as 24,000 autonomous vehicles from Volvo by 2019, once the technology is production-ready. Not to forget Uber has had fights with its driver community and this interesting deal with Volvo could help Uber to take a new turn in future. [Full Article...]

Volvo signs agreement to supply Uber with 24000 self-driving vehicles

Volvo signs agreement to supply Uber with 24000 self-driving vehicles The deal is based on an alliance Volvo announced with Uber past year when the two companies said they would collaborate on developing self-driving cars, pledging to invest a combined $300 million to the project. Uber has been offering autonomous auto rides in Ford Fusion and other vehicles for over a year in Pittsburgh. Uber first tested its driverless taxi service in Pittsburgh, and it also t... [Full Article...]

Moody's ups ratings of SBI, HDFC Bank, EXIM India and IRFC

Moody's ups ratings of SBI, HDFC Bank, EXIM India and IRFC In his comment, Bank of America Merrill Lynch (BofAML) Economist and Co-Head of India Research Indranil Sen Gupta said the rating upgrade supports its call that risks in India's government securities (G-sec) markets are overdone. The second quarter's numbers would be out by the end of this month. While GST and demonetisation have undermined growth over the near term, real GDP growth will rise ... [Full Article...]


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