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The mechanics of India's high-value banknote exchange programme

The ATMs resumed functioning from today but there is a limit of withdrawl of Rs 2,000 per day which is expected to be increased in coming week. In a major step to check black money, Prime Minister of India Narendra Modi has announced that the currency of Rs 500 and Rs 1,000 will cease to be a legal tender from midnight on Tuesday, 8th November.

Business

Volkswagen Plans to Cut 30000 Jobs Worldwide

The company is hoping to boost its bottom line by 3.9 billion dollars a year from 2020. Europe's largest automaker is trying to cut costs after reaching a deal with USA authorities to pay over $15 billion in fines. Matthias Müller, the chief executive, said this was the "biggest reform package in the history of our core brand". "With the pact for the future, Volkswagen will be taking a major step forwards", said VW brand boss Herbert Diess in a statement.

Business

Trump's grandfather pleaded to stay in Germany

If not for Prince Regent Luitpold of Bavaria, Donald Trump might never have become president of the United States. His pleadings to stay were described by the royal ruler of the day as "subservient" and he was sent packing. Twenty years later, in 1905, he wrote a letter to the Bavarian Prince Regent Luitpold asking permission to repatriate to his hometown for good. "That's why the authorities denied him repatriation in 1905".

Business

Ruling stocks in today's market: Ross Stores Inc. (NASDAQ:ROST)

The apparel retailer reported $0.62 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $0.06. The Return on Assets stands at 21.1%, Return on Equity shows 42.1% and Return on Investment value is 36%. had its "buy" rating reiterated by analysts at MKM Partners. Ross Stores's dividend payout ratio is presently 19.85%. In other Ross Stores news, insider James S.

Business

NuTonomy to test self-driving cars in Boston

NuTonomy , an autonomous vehicle software startup that's been testing its technology in Singapore , announced that it had signed an agreement with officials in Boston to bring its self-driving cars to that city's streets. This represents a bit of a homecoming for nuTonomy , which was spun out from MIT in 2013 but has only been testing its self-driving cars overseas.

Business

Comprehensive Stock Analysis of: Diana Containerships Inc. (NASDAQ:DCIX)

The analysts estimated mean EPS at -1.1 while the high and low EPS estimate stand at -1.1 and -1.1 respectively. The stock has earnings growth of -995.90% yoy and showed a high EPS growth of 11.80% over the past five years. Diana Containerships Inc. (NASDAQ: DCIX ) now has a High Price Target of $8. The analysts believe that the company stock price could grow as high as $8.

Business

Fed Chief Yellen Says a Rate Hike is Near

Holdings in bullion-backed exchange-traded funds dropped 8.5 metric tons to 1,940.6 tons as of Thursday, the lowest since July, according to data compiled by Bloomberg . Many believe that the economic growth and rising inflation will lead to an increase in interest rates. In the run-up to it, benchmark USA crude rebounded, rising 67 cents to $46.26 a barrel in electronic trading on the New York Mercantile Exchange.

Business

Internet & dress part 2: What color are these flip-flops?

Anyway, if you are now living in a climate warm enough to wear these flip-flops outside I hate you no matter what color you think they are. The post was welcomed with confusion after users were trying to figure out what colour the flip flops were.

Business

Gold price around 6-mth lows as dollar marches higher

The Nasdaq hit a record high earlier in the session, helped by a rise in Microsoft MSFT.O and other big tech stocks. The Dow Jones industrial average slid 18 points, or 0.1 percent, to 18,886 as of 3:23 p.m. Yields have been on an uptrend since last week's United States election, amid speculation that the Trump administration will embark on inflationary policies.

Business

Mike Rogers resigns from Trump's transition team amid purge claims

Former Congressman Mike Rogers, who was considered for the post of CIA Director, was among those ousted from the presidential transition team's national security unit. Eliot A. Cohen, a former State Department official who had criticized Trump during the campaign but said after his election that he would keep an open mind about advising him, said Tuesday on Twitter that he had changed his opinion.

Business

Landslide kills 13 as diggers invade Freeport mine in Congo - governor

On Wednesday, February 3 the stock rating was downgraded by Argus Research to "Hold". Vetr upgraded shares of Freeport-McMoRan from a "strong sell" rating to a "sell" rating and set a $13.50 price target on the stock in a report on Tuesday, November 15th.

Business

Volkswagen to slash 30000 from workforce in Dieselgate fallout

The turnaround plan revealed on Friday will result in 3.7 billion euros ($3.9 billion) in annual savings by 2020 and raise the Volkswagen's operating margin to 4 percent that year, from an anticipated 2 percent this year. The overhaul comes as Volkswagen is still trying to move past an emissions-cheating scandal that has cost it almost $ 20 billion so far to settle lawsuits and recall almost 11 million tainted diesel-powered vehicles world-wide.

Business

Are pre-Black Friday deals any good?

Black Friday is the single best day of the year to buy a TV and you will see increased 4K tv sales this year. Numerous best deals will be offered during the " Turkey 5 " days starting on Thanksgiving Day through Cyber Monday . Time with your family should be more important than getting a good price on an appliance. Don't forget about Cyber Monday! . Consumer publication Which? found less than one in ten of the products they looked at was cheaper on Black Friday than on ...

Business

Nigerian recession deepens in Q3, oil output falls

Economists had expected a slightly shallower 2 per cent contraction in the third quarter, according to a Bloomberg poll. According to the NBS Nigeria's third quarter 2016 (Q3'16) real GDP shrunk by 2.24 per cent year-on-year (YoY), relative to a shrinking by 2.06 per cent and 0.36 per cent YoY recorded in the second quarter and first quarter 2016 respectively.

Business

France Republican primary: Ex-President Sarkozy defeated

But the Front National chief has been buoyed by the anti-establishment victories of Brexit in the United Kingdom, and the election of Donald Trump in the United States. During his campaign, Fillon, an admirer of late British Prime Minister Margaret Thatcher, presented the most radical pro-business reform program - vowing to cut a staggering 500,000 public sector jobs over five years.

Business

Coronated-Paul Ryan Nominated 'Unanimously' by Voice Vote

He will now face a floor vote in January in front of all 435 members of the House. Republicans held a large majority in the House before the 2016 election and will hold a minimum of 239 seats in the House with the possibility to pick up more from California and Louisiana, more than enough to hold a majority over the Democrats.

Business

Buckle Up: Black Friday Shaping Up Strong

The retailer is also bringing back its popular store mapswhich were accessed by millions of customers a year ago. starting November 17. On Black Friday itself, they will be joined by hundreds of head office workers helping out on the shop floor.

Business

Oil pipeline protester says dozens injured

The clash came as protesters sought to push past a bridge on a state highway that had been blockaded since late October, according to the Morton County Sheriff's Office. Others, he said, needed medical treatment after being hit with tear gas. The company has said the pipeline is largely complete except for the section under Lake Oahe, a Missouri River reservoir in southern North Dakota.

Business

India all out for 204, England need 405 to win

Batting fourth after losing the toss was always going to be a hard task for England with the wicket offering vicious turn and uneven bounce at a venue hosting its first Test. Ashwin, the leading Test wicket-taker this year, once again turned on the heat against the English batsmen who resumed their chase at 87 for two but lost their last eight wickets for just 71 runs.

Business

Asian stocks rebound sharply as markets digest Trump win

Though uncertainty remains over Trump's trade, immigration and geopolitical policies and what his victory means for the future of globalization, investors appeared somewhat calmed by his victory speech, in which he praised Clinton and urged Americans to "come together as one united people" after a divisive campaign.

Business

Chancellor admits to 'unprecedented uncertainty' after Brexit vote

On Sunday, he appeared to reject Labour calls to reverse former chancellor George Osborne's cuts to the universal credit (UC) welfare system. 'Obviously as we look at the negotiation we want to get the arrangement that is going to work best for the United Kingdom and the arrangement that is going to work best for business in the United Kingdom'.

Business

How to differentiate deals from duds on Black Friday

Even though Amazon is the king of Black Friday sales, there are other sales and promotions going on that are worth your time , too. Does it start the week before Thanksgiving? Yes! By 'early bird, ' I'm not talking about being the first one through the doors on Thanksgiving or Black Friday .

Business

AK Steel Holding Corp. (AKS) Upgraded to "Sell" by Vetr Inc

Analyst's mean target price for the firm is $6.00 while analysts mean recommendation is 2.00. On Sep 16 United States Steel Corp. X has been the topic of a number of other research reports. The firm earned $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th.

Business

Western Digital Corporation (NASDAQ:WDC)

On average, equities research analysts predict that Western Digital Corp . will post $6.62 earnings per share for the current year. The stock of Western Digital Corp (NASDAQ:WDC) earned "Buy" rating by Jefferies on Friday, May 27. Inc. now owns 5,486 shares of the data storage provider's stock valued at $321,000 after buying an additional 42 shares during the last quarter. The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th.

Business

University Lawsuit Settled So He Can Focus On US Presidency

Students had claimed they were they were lured by false promises into paying up to $35,000 to learn Trump's real estate investing secrets from his hand-picked instructors. "I could have settled this case numerous times, but I don't want to settle cases when we're right". I don't believe in it. 'Do you know that nearly everybody in the lawsuit has signed a letter saying how great the school was? In 2013, my office sued Donald Trump for swindling thousands of innocent Americans out of ...

Business

Nusli Wadia Cries Defamation, Puts Tata Sons' Board On Notice

TCS board of directors met on November 17 to hold an EGM in a bid to remove Cyrus Mistry as the director of the company, which means the embattled ex-chairman could lose voting powers and attending shareholders meetings of the group companies.

Business

RBI allows 250000 rupee wedding cash withdrawals after notes ban

The cash withdrawals will be allowed out of the balance in the account as of close of business on November 8, the Reserve Bank of India said in a statement . Proof of identity will have to be shown while buying the seeds, the government said. It was decided that MPs of these 10 parties will stage a sit-in near Mahatma Gandhi's statue in the Parliament complex on Wednesday.

Business

Wal-Mart Kicks off Cyber Monday on Friday

For smaller version of disc player you can go for Sanyo Blu-Ray Disc Player available at $39 after dropping $11.47 from the regular price. Over the past few years, retailers such as Wal-Mart, Macy's and Target have started the deals earlier into Thanksgiving.

Business

Monday Briefing: Chicago Airport Strike Could Hit Thanksgiving Travel

The workers include baggage handlers, cabin cleaners, janitors, and wheelchair attendants who are employed by contractors for the airlines at O'Hare. While the workers voted on Thursday, the exact dates for the strike have not been decided by the nearly 500 workers who committed to the strike.

Business

O'Hare International Airport workers threaten to strike

The workers, employed by private contractors, said they are fighting for $15 an hour wages. "They don't expect to shut the airport down". Workers including aircraft cabin cleaners and janitors at the nation's second-busiest airport last week voted to take industrial action over wages and working conditions, probably over the busy Thanksgiving travel period.

Business

Barclays plans contactless ATMs but only for Android smartphones

A Barclays spokesman says the Contactless Cash service will launch on existing in-branch machines rather than high-street ATMs. It'll be tried out in the North of England, before launching in 180 Barclays branches across the UK. Contactless chips can be embedded in anything from conventional debit cards to wearables, stickers or even items of clothing like this bPay contactless jacket.

Business

Trump says he wants to keep parts of ObamaCare

Trump drew outrage previous year when he called for a "shutdown" of Muslim immigration to the US. Her chemotherapy treatments are all that are keeping her alive, but they make her so sick she can't work. "I told him I will look at his suggestions, and out of respect, I will do that", he told the publication. During a debate in Texas back in February, Trump discussed how he would like to keep healthcare for preexisting conditions.

Business

Sarkozy concedes in French conservative presidential primary

Bruno Le Maire, seen as having come fourth in the contest, threw his weight behind Fillon, who was prime minister under Sarkozy, saying he would cast his vote for him next Sunday. One Socialist voter, a sports teacher in his fifties who identified himself only as Eric, told AFP he had taken part to vote "against Sarkozy". Fillon has enjoyed a strong boost in popularity in recent weeks thanks to his image of authority and seriousness compared to Sarkozy's more brazen demeanor.

Business

Brad Wall slams Ottawa's 'disingenuous' approach amid coal phase-out plan

Environment Minister Kathleen McKenna said Monday that the goal is to make sure 90 percent of Canada's electricity comes from sustainable sources by that time - up from 80 percent today. By speeding up the timeline for closing coal-fired plants, which spew more pollution than most other fossil fuels, the country expects to reduce its carbon emissions by 5 megatons, or the equivalent taking of 1.3 million cars off the road.

Business

Oil drilling in red-hot Permian Basin matches rest of U.S.

A study reveals billions of potential barrels of oil in the Midland Basin of the Wolfcamp Shale . The fracking production, led by Permian Basin, Bakken formation and Eagle Ford, also in Texas, caused oil prices to tumble - making the $100 barrel ancient history - to as low as $25 a barrel early this year.


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