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Lawyer asks Wadia to withdraw his allegations against Tata Sons

Wadia , who is independent Director on the Boards of Tata Steel and Tata Chemicals, also demanded an "independent investigation" into the allegations made by Tata Sons. "It is denied that anything stated in our Special Notice was meant to or has caused damage to your reputation as a professional or has caused irreparable injury, as alleged or otherwise", the letter stated.

Business

Withdraw legal threats, they are defamatory: Tata Sons lawyer to Nusli Wadia

In a statement filed with the stock exchanges, Tata Steel said, "The board of directors through circular resolutions dated November 25, 2016 passed by majority consent, has made a decision to replace Cyrus P Mistry as chairman of the board with immediate effect and elected O P Bhatt, an independent director as the chairman of the board".

Business

Eden Hazard says Man City and Liverpool are Chelsea's title rivals

A point now separates the Reds from Chelsea at the league's summit and Hazard concedes that the Anfield club can not be discounted from contention. "If we want to be there at the end, then we have to finish above them", Hazard told British media when asked which teams Chelsea will need to be most wary of in the title race.

Business

Rosberg still needs to up his level to be among F1 greats

Hamilton, the first driver to win 10 races without taking the title, was left facing unimpressed bosses despite securing the team's record 19th win in 21 grands prix. Hamilton stood in the corner sipping water as Vettel himself a four-time F1 champion smiled and congratulated Rosberg. The tactic did not work as Hamilton fell five points short, despite winning the race with Rosberg second, and he now faces censure from Wolff, who is weighing up his next move.

Business

Rosberg didn't think Hamilton would back him up

Dutch teenager Max Verstappen spins out after a slight bump, temporarily dropping the Red Bull driver into last. The frosty atmosphere between the Mercedes pair as they waited for the podium ceremony spoke volumes, with Rosberg hoisting the sport's 86-year-old commercial supremo Bernie Ecclestone into the air but ignoring Hamilton.

Business

Oklahomans show support for Small Business Saturday

One business owner in OR says Small Business Saturday makes up a majority of sales for the year. "It's always nice to be able to support the local businesses and then get out and talk to people and sell your book", said Paul Shea, an author participating in the Country Bookshelf book signings on Small Business Saturday.

Business

Britain cuts economic growth forecasts

Hammond said the Office for Budget Responsibility forecast growth of 1.4% in 2017, down from the previous figure of 2.2%. Britain's economy has so far largely withstood the shock of the Brexit vote, wrong-footing the Bank of England and nearly all private economists who expected a bigger immediate hit.

Business

US Black Friday: More shoppers but less spent per head

Some reasons, Field said, are fewer store openings on Thanksgiving Day and online shopping. The federation's survey seems to reflect that: About 23 percent of respondents said they hadn't started their holiday shopping yet, compared with 19 percent past year.

Business

Samsung Electronics Shareholders have backed Elliott plans of split and manage

The board at Samsung said last month that it would "carefully review" the shareholder's proposal - the company has now scheduled a conference call for 9.30am local time on 29 November. While neither Samsung or the Lee family that owns a major stake in the Samsung Group have commented on restructuring plans, the conglomerate has revived reorganisation plans after Jay Y Lee took over the reins from his father and Samsung patriarch Lee Kun-hee, who was incapacitated following a May 2014 heart ...

Business

What to know about the future of Obamacare

Jim Welch, D-West Springfield, co-chair of the Legislature's Joint Committee on Health Care Financing, said similarly, "My belief is that MA will continue on the path that we're on, even if there are changes on the federal level". In public opinion polls , majorities, including about half of self-identified Republicans, favor expanding Medicaid and subsidizing private health insurance for those who can not afford it, two of the major underpinnings of health reform.

Business

Trade body says Boeing was offered illegal tax breaks

An incentive cutting a state levy on gross receipts by 40 percent is a prohibited subsidy that must be removed, a three-judge panel found Monday. Bob Novick, an outside counsel representing Boeing , criticized the rationale behind the decision to strike down the Washington state Business and Occupancy (B&O) tax rate as wrongly concluding that the law favored the domestic manufacturing of goods because Boeing had not imported the wing for the 777x as it had for the 787 plane.

Business

Trump to Scrap TPP on First Day in Office

He duly promised this week to declare a withdrawal from the TPP - a vast, arduously negotiated agreement between 12 countries that does not include China - on his first day in office. "What I can say with confidence is that we in Chile will not remain passive". According to Reuters , Shinzo Abe, the Japanese Prime Minister, said TPP "would be meaningless without the United States".

Business

Crude oil losing positions before OPEC meeting

In fact many such as Libya and Nigeria are seeking to actually increase production from where it is now. Iranian Oil Minister Bijan Namdar Zanganeh will leave Tehran for Vienna on November 29 to participate in the 171st session of the Organization of the Petroleum Exporting Countries (OPEC), SHANA news agency reported.

Business

Stocks Fall After Record Run as Consumer Companies Slip

Oil prices slip on doubts on production cut deal this week * USA bond yields, dollar fall from highs * Battered emerging markets win reprieve * Italian banking shares drop 3 pct on political worries * Graphic: World FX rates in 2016 By Marc Jones LONDON , Nov 28 ( Reuters ) - The dollar saw its biggest drop in nearly a month on Monday as a bashing for oil prices on doubts about an OPEC output cut this week left investors reversing "Trumpflation" trades that have gripped markets since the us ...

Business

Oil Prices End Near Flat On Uncertain Outcome From OPEC Meeting

The contract gained 0.5 percent to $49.12 on Tuesday. IEA Director Fatih Birol told Reuters yesterday that even if production is cut, higher prices could prompt USA shale oil drillers to massively increase their own output. Futures were little changed after preliminary talks in Vienna ended Tuesday without finalizing whether OPEC's second- and third-largest producers will participate in production cuts .

Business

Pope Francis Sends Condolences over 'Sad News' of Castro's Death

Castro, whose 1959 revolution toppled a dictatorship with the promise of bringing justice and equality to his Caribbean island, was a major 20th century figure. Trump could easily review such measures. And last week, he named Cuba hard-liner and sanctions advocate Mauricio Claver-Carone to lead his transition team at the Treasury department.

Business

GB Energy Supply collapses Customers face rising gas and electricity bills

Energy regulator Ofgem will oversee the appointment of a new energy company to take on GB Energy's estimated 160,000 customers. Rachel Fletcher, Ofgem's Senior Partner for Consumers and Competition, says: "In any competitive market companies will fail, this is why we have procedures in place to ensure customers' energy supplies are always secure".

Business

Samsung considering split into two companies, share buyback

Elliott first proposed the split in October with the aim of boosting shareholder value. Calls for Samsung to split originated from Elliott Management, a USA hedge fund that has a 0.6 percent stake in the company. So far, Samsung's keeping mum about its intentions, but according to an unidentified source speaking to The Seoul Economic Daily , the company is considering it.

Business

Oil prices gyrate as OPEC heavyweights head to Vien

ANALYST'S TAKE: The latest developments suggest "cartel members may fail to agree on production cuts", said Nicholas Teo of KGI in a report. With only a few days to go before the Organization of the Petroleum Exporting Countries' (OPEC) Vienna meeting to ratify its oil cutback deal, and amid disturbing developments such as Saudi Arabia on Friday saying it will not attend a pre-meeting of non-OPEC members, the cartel is understood to have been focusing its diplomatic efforts on Russian ...

Business

Elliott discloses stake in Cognizant, urges changes

TEANECK, NJ - JANUARY 14: Francisco D'Souza is the president and CEO of Cognizant and was part of the team that founded the Nasdaq-100 company in 1994. He holds Accenture out as a model performer for Cognizant to target. The company had Year Ago Sales of 3.23 Billion. The current assessment forCognizant Technology Solutions Corporation (NASDAQ:CTSH) Business Software & Services on its PE ratio displays a value of 20.83 with a Forward PE of 14.56.

Business

Numis Securities Ltd Reiterates "Buy" Rating for Mothercare plc (MTC)

The legal version of this piece of content can be read at http://sportsperspectives.com/2016/11/28/3i-group-plc-iii-price-target-raised-to-gbx-795/. The firm presently has a "hold" rating on the stock. This represents a yield of 0.94%. If you are reading this news story on another website, it was stolen and republished in violation of global copyright and trademark law.

Business

Hoosier drivers enjoying fourth straight year of lower gas prices

The lowest gas in the state can be found in the Benton Harbor area at around $2 per gallon, and the highest in the Marquette area at $2.14 per gallon. After three straight weeks of declines, gas prices are starting to inch higher. The continuing price drop is tied to the sliding price of oil. The only increase was 5 cents per gallon in 2013, Laskoski said.

Business

Clinton joining vote recount appears to test fragile truce with Trump

The number "45" on the side is likely a nod to Trump's forthcoming inauguration as America's 45th president. In none of the tweets did Trump point to any evidence of voter fraud to account for his claim and no other evidence of his assertion has emerged since the election.

Business

15 millions Britons set to head online for Cyber Monday bargains

According to Adobe, about $1.2 billion of that spending was made via mobile devices. In what has been predicted as the last blowout before inflation takes its toll on the retail sector, spend on Black Friday was expected to beat all previous records with 14 million shoppers dishing out £1.97 billion.

Business

James Harden Torches Portland With 38 Points and 10 Assists

Led by James Harden's 28.3 ppg (5 in the NBA), five players are averaging in double figures for the Houston Rockets. They finished the night with 17. There was no update on the status update for Al-Farouq Aminu, who has a strained left calf. Ed Davis started in his place against the Rockets. McCollum led all scorers in the first half with 19 points and the Blazers led 66-57.

Business

US Thanksgiving, Black Friday store sales fall, online rises

In-store visits dropped a combined 1 per cent during the two days from a year earlier, said ShopperTrak, a retail data provider, in a separate statement. This year the calendar means December 17 is the big contender, says Craig Johnson, president of Customer Growth Partners. Online was bigger than expected on the Wednesday before Thanksgiving.

Business

Philip Morris International, (NYSE:PM), Square, (NYSE:SQ)

The growth estimate for MetLife, Inc. These analysts also forecasted Growth Estimates for the Current Quarter for PM to be 42%. For the current quarter the stock has a lowest EPS estimates of $1.1 and high estimate of $1.19. With price target of $103.56 and a 8.54% rebound from 52-week low, Philip Morris International, Inc . has plenty of upside potential, making it a hold with a view buy.

Business

Cuba's strides under Castro offset by decades of repression

Government sources on Sunday night said that no Minister was likely to travel for the funeral, but that Ireland would be represented by the Ambassador to Mexico, Sonja Hyland, who is also accredited to Cuba. Conway blasted him as a dictator responsible for "60 years of oppression". Trump, during his election campaign, did little to flesh out the rather vague contours of his Cuba policy.

Business

Throngs to pay homage to Cuba's Fidel Castro

As of Sunday, though, the White House had not said whether anyone from the USA government would attend. Ted Cruz (Texas) and Marco Rubio (Fla.). All across Havana on Saturday night and Sunday morning, Cubans seemed quieter, more cautious, less certain of what the future might hold.

Business

Asian stocks mixed ahead of OPEC meeting

Japan's Nikkei 225 closed down 0.1% and Australia's S&P/ASX 200 was off 0.8%, while Hong Kong's Hang Seng Index finished up 0.5%, largely thanks to news over the weekend of the imminent launch of a trading link with Shenzhen. The US currency was down 1.3 per cent at 111.650 yen following a rise to an 8-month high of 113.900 last week. Currencies will also have Friday's U.S.

Business

Pay 50% Tax On Unaccounted Deposits, Or 85% If Caught, Says Government

With the introduction of an Income Tax Amendment bill in Parliament today, the government has proposed a new income disclosure scheme under the name of the Pradhan Mantri Garib Kalyan Yojana 2016 and simultaneously proposed plugging certain loopholes in the Income Tax Act which could have been exploited by black money holders.

Business

Reader's view: Robinson still doesn't get why Trump won election

But heavy lifts remain. This contrasts with the 1990s, when a group of party activists consciously rebuilt the party to appeal to middle-class Americans. There was no way a Republican presidential nominee would get behind one. They aren't planning all-out partisan war, at least not yet. Since they were unable to regain the majority in the U.S.

Business

Tata Steel nearing £100 million sale of Speciality Steels business

The company has put an enterprise value of 100 million pounds ($124.3 million) on the speciality operations, which employ about 1,700 people and include sites in Britain and China, it said in Monday's statement announcing the agreement to hold exclusive talks.

Business

Oil slips as OPEC fails to resolve Iran, Iraq production levels

Brent for January settlement dropped 32 cents, or 0.7%, to $48.80 a barrel on the London-based ICE Futures Europe exchange, a $1.16 premium to WTI. The deal's success hinges on an agreement from Iraq and Iran, which may not give a full backing, three OPEC sources said Tuesday.

Business

Ravindra Jadeja, Jayant Yadav Help India Build Healthy Lead in 3rd Test

Shami had Rashid caught behind and then trapped Gareth Batty lbw. Marais Erasmus turned the appeal down. His innings was studded with eight fours off 81 balls. He did not field during India's innings, but batted in the nets on three occasions on Monday. The script looked a lot different earlier in the final session.


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