Finance

Dena Bank, Vijaya Bank, BoB to merge

Dena Bank, Vijaya Bank, BoB to merge

FM Arun Jaitley says merger will not only strengthen the banks, but also increase their lending ability. Notably, this would be the second big merger in the banking sector after the merger of SBI ...

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London mayor Sadiq Khan pitches for second referendum on Brexit

London mayor Sadiq Khan pitches for second referendum on Brexit

In the interview, to be fully aired as part of the BBC " s "Panorama' programme on Monday night in the United Kingdom, the premier also issues an ultimatum to critics who have questioned her strateg...

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IDBI officials knew of losses at Kingfisher, claims Mallya's lawyer

IDBI officials knew of losses at Kingfisher, claims Mallya's lawyer

Soon after Jaitley's rebuttal, Mallya appeared to tone down the seriousness of his claim , saying it was not a "formal meeting" and he only "happened to meet" the minister, when he told him he was go...

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BA says notified customers as soon as possible after data breach

BA says notified customers as soon as possible after data breach

It is noted that the stolen data includes only information on non-cash settlements, hackers are unable to access your passport or flight information British Airways ' customers. Some customers have co...

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Friends prank McDonalds with poster kept up for 51 days

They saw a blank wall in June and decided it was the ideal place to put a picture of themselves. " If you haven't noticed there isn't a lot of Asians represented in media and hopefully, some day, I ca...

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Amazon hits $1 trillion market value milestone

Amazon hits $1 trillion market value milestone

Amazon has impressed investors by successfully diversifying its business into virtually every corner of the retail industry, altering how consumers buy products and putting major pressure on many bric...

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Ayanna Pressley defeats Dem Rep. Michael Capuano in upset primary victory

Ayanna Pressley defeats Dem Rep. Michael Capuano in upset primary victory

Ocasio-Cortez endorsed Pressley, sending her media attention in the final leg of her campaign. A survivor of sexual assault at Boston University and during her childhood, Pressley has been a vocal...

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Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

Fuel prices hit all-time high, petrol Rs 86.56 per litre in Mumbai

On that day, the rate in Mumbai was Rs 86.24 per litre. The prices of CNG and piped natural gas (PNG) were also hiked in metro cities since the price of gas procured by city distributors is most...

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China supports Africa jointly building Belt and Road

China supports Africa jointly building Belt and Road

According to the government, Zimbabwe will require about 11 000 megawatts of electricity to achieve its vision of becoming a middle-income country by 2030 and hence the huge demand for power presents ...

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This full-size LEGO Bugatti Chiron actually runs and drives

This full-size LEGO Bugatti Chiron actually runs and drives

Those attending the Grand Prix Formula 1 event in Monza, Italy today will be able to see the mind-blowing creation in person. The recent Lego Hogwarts Castle for example, or the Technic Bugatti C...

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Canada's auto-parts makers are riding high amid NAFTA tension

Canada's auto-parts makers are riding high amid NAFTA tension

Trump said he would exclude Canada from a new trade deal if it didn't sign onto the agreement he reached with Mexico, but Lighthizer has made clear he wants Canada to be part of the final agreement...

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Over 99% of demonetised notes were returned: RBI

Over 99% of demonetised notes were returned: RBI

Banks received Rs 15.31 lakh crore or 99.3% of the Rs 15.41 lakh crore worth Rs 500 and Rs 1,000 notes that were in circulation on November 8, 2016 - the day when the note ban was announced, accordi...

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United States relations with Mexico improving, big bilateral trade deal coming

United States relations with Mexico improving, big bilateral trade deal coming

Freeland said Friday it's important for Canada to continue to do its work around the world - even with signs of progress in the bilateral NAFTA negotiations between the USA and Mexico. "Nothing i...

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PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

PepsiCo buys fizzy drinks maker SodaStream for $3.2bn

PepsiCo said it is acquiring all SodaStream's outstanding shares at $144 per share, a 32pc premium to the 30-day volume weighted average price . SodaStream's product allows people to make their own ...

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Shots fired at gate of US Embassy in Turkey; no one hurt

Shots fired at gate of US Embassy in Turkey; no one hurt

The report said the embassy was set to be closed this week for Eid al-Adha festival. The US embassy spokesman David Gainer confirmed to Agence France-Presse that a "security incident" had taken plac...

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As Musk admits to job stress, Tesla’s board may have to act

As Musk admits to job stress, Tesla’s board may have to act

Musk has also said on multiple occasions that Tesla would become profitable by the end of this year and would not need to raise additional funds, despite its increased cash-burn rate in recent ...

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Review of worldwide retaliation against US-initiated global trade battle

Review of worldwide retaliation against US-initiated global trade battle

The White House announced plans for "safeguard tariffs " over four years in January, starting at 30 per cent and incrementally falling to 15 per cent. WTO complaints begin with negotiations between t...

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United States prepared to add sanctions on Turkey if pastor not released

United States prepared to add sanctions on Turkey if pastor not released

The United States warned Turkey on Thursday to expect more economic sanctions unless it hands over detained American pastor Andrew Brunson , as relations between the two countries took a furthe...

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Turkey doubles tariffs on some USA imports over economy 'attacks'

Turkey doubles tariffs on some USA imports over economy 'attacks'

Some analysts said that US tax cuts passed previous year by Congress which are boosting corporate earnings and economic growth have reinforced the reasons for raising interest rates. The US has alread...

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Turkey issues retaliatory tariffs on U.S. imports

Turkey issues retaliatory tariffs on U.S. imports

Despite a call from Turkish business groups for President Recep Tayyip Erdogan to mend ties with Washington, the leader was defiant on Tuesday, calling for a boycott of United States electronic equi...

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Oil prices decline on rising USA stockpiles

Oil prices decline on rising USA stockpiles

In another worrying sign, USA energy companies added the most oil rigs since May last week, pointing to indications of US output growth. The bulls have gained the upper hand in oil markets of late, ...

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Turkey doubles tariffs on some USA goods amid rising tensions

Turkey doubles tariffs on some USA goods amid rising tensions

Washington began to apply economic pressure on Ankara after the detention of American pastor Andrew Brunson in Turkey. On Tuesday, he said Turkey would boycott USA electronic products. Turkey'...

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Firefighter killed battling largest blaze in California history

Firefighter killed battling largest blaze in California history

There were few details on how the firefighter died in the Mendocino Complex Fire , northeast of Ukiah, California. Three personnel assisting in the firefighting effort have been killed by the fir...

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Tesla CEO Musk accused of defrauding shareholders, sued by investors

Tesla CEO Musk accused of defrauding shareholders, sued by investors

On Tuesday, Musk tweeted that he was considering taking the electric vehicle company private and that he had secured funding, valuing the company at $420 a share. Musk's August 7 tweets, including w...

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Turkish senior official warns of perception operation | Turkey

Turkish senior official warns of perception operation | Turkey

Bayer plunged 11 percent in Frankfurt after a shock US ruling against its subsidiary Monsanto. The drastic rise in tariffs represents a significant economic blow and threatens the jobs of thousands of...

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Turkey has solid, strong economic dynamics, President Erdoğan says

Turkey has solid, strong economic dynamics, President Erdoğan says

US President Donald Trump has offered talks on a "more comprehensive deal" but Iran has baulked at negotiating under the pressure of sanctions and has instead leant on its increasingly close ties ...

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Saudi Arabia looks to invest big in Tesla

Saudi Arabia looks to invest big in Tesla

According to a Bloomberg report , published Sunday, part of the financing for taking Tesla private might come from Saudi Arabia's Public Investment Fund (PIF). Musk has also said he would be lo...

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Elon Musk: a private Tesla would be an 'enormous opportunity'

Elon Musk: a private Tesla would be an 'enormous opportunity'

Many major Wall Street bankers contacted by Reuters said on condition of anonymity that they were not aware of Musk's plans ahead of his tweets , and several expressed scepticism that a leveraged b...

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Facebook Wants Access to Your Banking Data

Facebook Wants Access to Your Banking Data

In response to the Journal's reporting, critics of corporate power used the word "dystopian" to describe the push by Facebook, Google, and Amazon for ever-greater access to users' personal informati...

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July 2018 Jobs Report: Payroll Growth Slows

July 2018 Jobs Report: Payroll Growth Slows

USA employers slowed their hiring in July, adding 157,000 jobs, a solid gain but below the healthy pace they maintained in the first half of this year. "There's no evidence that businesses are changin...

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