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Finance

A deal has not been finalized yet, with talks between Walmart, Flipkart and its investors ongoing. While Flipkart's early investors like Tiger Global, Accel and Naspers are likely to sell their entire stakes in Flipkart to Walmart if a deal is reached, the newest investor will reportedly not follow suit.
  • Crude oil price surge creates confusion

    Finance

    Prices have since then moved more or less in tandem with global rates barring a few exceptions like the period before a crucial election. In the past, the prices were revised on a fortnightly basis. The BJP-led government had raised excise duty nine times between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October past year by Rs 2 a litre.
  • Gas Prices on the Rise

    Gas Prices on the Rise

    Finance

    Because a barrel of oil contains 42 gallons, each dollar per barrel (b) of sustained price change in crude oil and gasoline wholesale margins translates to an average 2.4-cent-per-gallon change in petroleum product prices. Domestic crude production also hit a record high 10.5 million barrels a day last week, which contributed to the USA shipping more oil to other countries.
  • Nigeria's Inflation Moderates to 13.34% in March 2018-NBS

    Nigeria's Inflation Moderates to 13.34% in March 2018-NBS

    Finance

    Overall, inflation in the food basket was 2.81 per cent, lower than 3.26 per cent in February. Last week, RBI lowered its April-September retail inflation projection to 4.7 percent to 5.1 percent, from a previous range of 5.1 percent to 5.6 percent released in February.
  • Risky factor of Delta Air Lines, Inc. (DAL) is observed at 1.08

    Risky factor of Delta Air Lines, Inc. (DAL) is observed at 1.08

    Finance

    The advantage of this technique is that it ignores near term flucuations and accounts for the overarching direction of Delta Air Lines's earnings trajectory over time, which may be more relevant for long term investors. Delta Air Lines had a net margin of 8.67% and a return on equity of 26.27%. Revenue rose to $9.97 billion from $9.1 billion. The company provided earnings per share (EPS) guidance of $1.80-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.93.
  • Bitcoin Planet (BTPL) raised 8.92% in less than 24 hours

    Bitcoin Planet (BTPL) raised 8.92% in less than 24 hours

    Finance

    Over the last seven days, Terracoin has traded 27.4% lower against the dollar. TRON (TRX) traded down 6.7% against the dollar and now trades at $0.0352 or 0.00000522 BTC. Mothership's official Twitter account is @MothershipCX . The Reddit community for Matchpool is /r/Matchpool and the currency's Github account can be viewed here.
  • British Airways owner IAG mullls Norwegian takeover bid

    British Airways owner IAG mullls Norwegian takeover bid

    Finance

    International Airlines Group (IAG .L, BAIRY.PK, BAY.L) said the Group is not in any discussions regarding an offer for Norwegian Air Shuttle ASA. Shares in Norwegian took off this morning, soaring 20 per cent by late morning. Shares of Norwegian Air soared as much as 26 percent, the most in its history, before trading was halted in Oslo, boosting its market value to about 8.2 billion kroner ($1.05 billion).
  • UK Takeover panel sets Disney/Sky conditions

    UK Takeover panel sets Disney/Sky conditions

    Finance

    In the UK on Thursday 12 April, a takeover panel ruled that Disney will have to buy up pay TV provider Sky UK - if Fox's takeover of the unit stalls. The offer is required to be made by Disney within 28 days of completion of the acquisition unless before that time Fox has acquired the remaining 61% of Sky, giving it 100% of the ordinary shares, or if Comcast, or any other third party, has acquired more than 50% of Sky shares.
  • Warmest of 2018 before rain and storms reload for the weekend!

    Warmest of 2018 before rain and storms reload for the weekend!

    Finance

    Expect the return of sunshine during the afternoon with highs in the 60s. Most of Friday will be warm and breezy ahead of the actual cold front that will track through by Friday night. During this time, tornado sirens and NOAA weather radios will activate, Meteorologist Bob Lindmeier will break into regularly scheduled programming on WKOW and the Emergency Alert System will be heard over the radio.
  • Carpetright to close 92 outlets, shedding hundreds of jobs

    Carpetright to close 92 outlets, shedding hundreds of jobs

    Finance

    The approval of the CVA will depend on the company raising £60m to help cut debt and pay for the restructuring plan. The beleaguered retailer, which employs 2,700 people in the United Kingdom, said 11 of the sites earmarked for closure had already stopped trading.
  • Request for BC environmental suggestions for Trans Mountain unanswered

    Request for BC environmental suggestions for Trans Mountain unanswered

    Finance

    Finance Minister Bill Morneau updates the media on the talks involving plans for the Trans Mountain pipeline extension during a briefing in Toronto on Wednesday. Iain Black, a former provincial Liberal cabinet minister in B.C. and now president of the Vancouver Board of Trade, said he is not surprised or disappointed there was nothing concrete out of cabinet.
  • Zuckerberg's Personal Data Also Leaked In Cambridge Analytica Scandal

    Zuckerberg's Personal Data Also Leaked In Cambridge Analytica Scandal

    Finance

    Outrage ensued after it was revealed that close to 87 million users' personal data was accessed by British consulting firm Cambridge Analytica without their consent. Mr Zuckerberg paused for a full eight seconds, chuckled, grimaced, and ultimately demurred. Edward Markey of MA on Tuesday. Europe has lead the way in regulating data and digital advertising; its General Data Protection Regulation set to take effect next month.
  • US, Russia clash at UN over Syria

    US, Russia clash at UN over Syria

    Finance

    The tweet comes after Russian Federation threatened the us that it will attack the United States over a potential airstrike after Syria attacked its own citizens with chemical gas weapons that killed up to 70 people over the weekend, including women and children.
  • Fed Minutes to Give Clues on Officials' View of Economy, Rate Path

    Fed Minutes to Give Clues on Officials' View of Economy, Rate Path

    Finance

    In March, the Fed lifted the federal funds rate to a range of 1.5% to 1.75%. USA stocks, Treasuries and the dollar were little changed following their publication. The minutes showed US central bankers wrestling to match a policy to an economy that is receiving a boost from tax cuts and government spending at a time when unemployment is low and growth, by their estimate, is above its long-run speed limit.
  • Katrina Kaif's bridal avatar will stun you!

    Katrina Kaif's bridal avatar will stun you!

    Finance

    Yet again Katrina Kaif posted some drop dead gorgeous snaps on social media, wherein a handsome 'Kaanjeevaram' pink and gold saree, with kamarpatta and maangtikka , she looked mesmerizingly attractive. Talking about the same, Katrina had earlier told Hindustan Times, "I play an actress in the film, but I don't play myself". The actors of Zero have kept us updated with all the fun they are having while shooting.
  • Third-party fix services will not void your warranty — FTC

    Third-party fix services will not void your warranty — FTC

    Finance

    While no rulings have been made just yet, the FTC has sent letters out to "six major companies", including those that sell cars, gaming systems and mobile devices. Remember those stickers that will void your warranty if they were removed? FTC staff has requested that each company review its promotional and warranty materials to ensure that such materials do not state or imply that warranty coverage is conditioned on the use of specific parts of services.
  • Dispatchers honored during National Public Safety Telecommunications Week

    Dispatchers honored during National Public Safety Telecommunications Week

    Finance

    In a joint proclamation, Montgomery County Mayor Jim Durrett and City of Clarksville Mayor Kim McMillan announced that the week of April 8-14, 2018 is National Public Safety Telecommunicators Week . It helps them stay motivated to do the job that can sometimes be overlooked. "I'm dependent on them to keep me safe", Long said. Carrillo said on a busy day she answers up to 30 calls an hour, including life saving calls like helping someone perform CPR.
  • Franklin Resources (BEN) Rating Lowered to Neutral at Bank of America

    Finance

    About 956,917 shares traded. Franklin Resources, Inc. (NYSE:BEN) has the Market Capitalization of 18.71 Billion. BEN underperformed by 20.02% the S&P 500. This is an increase from Franklin Resources's previous quarterly dividend of $0.18. Its down 0.09, from 1.03 in 2017Q3. It is positive, as 34 investors sold BEN shares while 195 reduced holdings.
  • Uber wants to do it all: ride-share, car-share, train tickets

    Uber wants to do it all: ride-share, car-share, train tickets

    Finance

    Today, Uber CEO Dara Khosrowshahi announced that the company would soon allow customers to buy public transit tickets and rent a auto in Uber's app, via a series of partnerships. On the data front, Khosrowshahi introduced a new pilot program in D.C.to look at curb usage data. Uber is officially entering the dockless bike-sharing space.
  • Earnings Review for Fiat Chrysler Automobiles NV (NYSE:FCAU)

    Finance

    The biggest boost came from a 2.2 percent gain in the technology sector. 44 funds opened positions while 67 raised stakes. The trading company has the Market Cap of $34758.13 (this value is in millions, otherwise mentioned), which is an indicator that can be used by the financial organization to rank the size of companies in the stock exchange market.