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Business

Fintech Megadeal: Alibaba Unit to Invest $200 Million in Korea's Kakao Pay

The combination of Ant Financial's global payment platform Alipay and numerous financial and commerce service networks and Kakao's platform capabilities will result in more effective and convenient financial solutions for both businesses and consumers .

Business

RBI to Soon Launch New Design of Rs 1000 Notes

It is not clear when the new notes will be introduced, but the RBI has already started production. The upcoming influx of Rs 1,000 notes are set to replace the demonetised notes which were worth a total of Rs 15.44 lakh crore. Other measures to ease the cash flow constriction include an increasing the upper limit of cash withdrawals from banks. The government had then introduced new Rs 500 and Rs 2,000 notes.

Business

Cash withdrawal limit for savings account increases to Rs 50000 per week

The RBI's announcement of increasing weekly cash withdrawal limit for savings accounts to Rs 50,000 a week came into effect Monday, but without much relief to the public as most ATMs across the country are still dry after over 100 days of demonetisation.

Business

BMC Elections 2017: Varun Dhawan's name goes MISSING from the voting list

On Twitter, Varun was rebuked by some followers for apparently having said he voted in "Rajya Sabha elections" previous year. Later India Today (watch below) quoted him as saying, "In fact, past year I had voted for the Rajya Sabha. The first instalment " Humpty Sharma Ki Dulhania " was loved by the audience and was a big hit at the Box Office. BFF goals, relationship goals and we really don't know what all goals have been revamped by Varun Dhawan and Alia Bhatt, who are coming back ...

Business

Ranveer, Anushka cast vote for civic body polls

The actress has also requested her fans to go out and vote on social media. Also, veteran actor Rekha made a rare public appearance when she cast her vote. #Vote to earn the right to question! He wrote alongside, "Cast your vote.I cast mine!" John Abraham was the latest B-town celeb to reach the Bandra poll booth and cast his vote.

Business

Home Depot beats quarterly earnings and revenue forecasts

Several other analysts have also commented on HD. Paragon Capital Management LLC boosted its position in Home Depot , Inc. Revenue climbed 5.8 percent to $22.2 billion in the fourth quarter, which ended January 31, surpassing analysts' $21.8 billion projection.

Business

Euro-Zone February Composite PMI Index Hits 70-Month High At 56.0

This data is good news for policymakers in Frankfurt: "The ECB will be cheered by the signs of stronger growth and further upturn in price pressures, though will no doubt remain concerned that elections and Brexit could disrupt the business environment this year".

Business

Bovis Homes Group PLC retained as Buy By Beaufort Securities

HOUSING giant Bovis is to make a one-off compensation payment of £7 million to its customers as a result of "high level customer service issues", the firm announced today. The Group generated total revenue of 1.05 billion pounds, an increase of 11% on the previous year. Chairman Ian Tyler said: "Despite the difficulties of 2016, the board remains confident in the group's abilities to deliver improved returns to shareholders".

Business

BHP Billiton plc 44.3% Potential Decrease Indicated by Liberum Capital

Looking at the past 52 week period, the stock price is up at 64.56%. Ahead of the results announcement, BHP shares in Australian trading closed almost one per cent higher, at $26.73 each. Morgan Stanley restated a "buy" rating on shares of BHP Billiton Limited in a research report on Saturday, January 21st. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/02/21/liberum-capital-reiterates-sell-rating-for-bhp-billiton-plc-blt.html.

Business

Amazon Free Shipping Minimum Lowered

With free shipping, your order will be delivered 5-8 business days after all your items are available to ship, including pre-order items. Amazon (amzn) confirmed the change on its shipping guidelines and options page , designating which items and regions for delivery are eligible for free shipping.

Business

Bengaluru: Air hostess allegedly sexually assaulted by motorcyclist, no arrest made yet

The man wearing a full-face helmet started manhandling the victim and tore up her top. On February 12, the victim had gone to 99 varieties dosa at HRBR Layout when a bike-borne miscreant pulled her shirt and escaped. The 22-year-old woman and her friend had made a decision to take a walk after eating at "99 Dose" restaurant on the night of February 12, 2017. According to Banaswadi police, a case under section 354 of the Indian Penal Code has been registered against the unidentified biker.

Business

HSBC sees 82% profit slump after 'unexpected' world events

USA bank JP Morgan is expected to shift 4,000 employees away from its offices in the United Kingdom, according to a recent report on CNN Money. Operating costs rose 3 percent to $8.4 billion, compared with the $8.3 billion average estimate of the six analysts surveyed.

Business

Kraft Heinz ditches Unilever takeover plans

It has been less than two years since a href="http://www.foodbev.com/news/heinz-and-kraft-foods-announce-merger/" Kraft Foods and HJ Heinz merged /a to form a joint entity. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6 (c) of the Code. Unilever's UK-listed shares fell more then 8 per cent to £34.86 when markets opened on Monday morning, having risen 13.4 per cent to £37.97 by the end of last week, making its equity worth £114bn.

Business

TCS announces G16K crore share buyback

Information technology service provider Tata Consultancy Services Ltd. (TCS) on Monday announced the appointment of V Ramakrishnan as the new chief financial officer of the company, it said in a media statement. The buyback will be made from shareholders under Tender Offer Route . This is first share buyback by TCS since its listing in 2004. Wipro - which had a gross cash position at Rs 33,155.3 crore (USD 4.9 billion) as on December 31, 2016 - completed a buyback worth Rs 2,500 crore past ...

Business

Unilever shares slide after Kraft Heinz withdraws its $143-billion bid

Plus, it said , it "sees no merit, either financial or strategic, for Unilever's shareholders". Unilever disclosed that Kraft Heinz offered a mix of cash and stock and US$50 (AU$65) a share for the company. One person who has spoken with 3G's managing partners said recently the group has been looking at the possibility of setting up a "new platform", which meant it could opt to acquire a company without rolling it up into Kraft Heinz.

Business

Paytm to invest Rs 600 crore in QR

HDFC bank, in a bid to get benefitted by the government's push to cashless economy, has drawn up ambitious plans for QR code based payments - a model popularised by Paytm - as IndiaQR kicks off. Consumers use the medium to pay at kirana stores, toll booths, food courts, hospitals and large retail outlets, among others. OR code system is used widely in China, and Alipay, one of the China's leaders in the online payment business, is also a major investor in One97-owned Paytm .

Business

Neymar, Barca, Santos to stand trial after losing appeals

Barcelona had previously appealed the case and requested it be dropped as it considered the investigation that led to the charges "does not prove the existence of a criminal act", a claim the court rebutted. Barcelona had agreed it made an error in what it called the fiscal planning for the former Brazil captain's transfer. Prosecutors are also aiming to collect fines of $9 million from Barcelona and $7 million from Santos .

Business

Snapchat Spectacles are now available to buy online, priced at $129.99

Snapchat's video and photo-capturing spectacles are no longer restricted to those who can hunt down its colorful vending machines. They had previously only been available to purchase from vending machines dropped at surprise locations around the U.S., sparking nationwide fervor to track them down.

Business

In a first, Saudi Arabia appoints women to head stock exchange, newspaper

Prior to joining NCB Capital, Al-Suhaimi worked as chief investment officer at Jadwa Investment and senior portfolio manager at Samba Financial Group. While other Saudi women have already assumed corporate leadership positions, their rise comes against some of the world's tightest restrictions on women.

Business

Alibaba forms partnership with supermarket operator Bailian Group

Alibaba's Tmall and Taobao e-commerce platforms are already integrated with brick-and-mortar stores, through acquisitions, such as last month's buyout of Chinese shopping mall operator, Intime Retail. The companies will also partner on logistics to boost efficiencies in deliveries, as well as research and develop new retail-related technologies in AI, big data and the Internet of Things.

Business

Tube Strike February 2017: Night Tube Workers Ballot For Strike Action

Peter McNaught, London Underground operations director, said: "Night Tube services have been running since August previous year in line with agreements reached with the unions". And the Victoria line will be much busier than usual, particularly Walthamstow Central, as will the Jubilee line between London Bridge and Waterloo.

Business

Analyst Stock Ratings: Advanced Micro Devices, Inc. (AMD), Pfizer Inc. (PFE)

Over the same time span, the stock marked US$14.27 as its best level and the lowest price reached was US$1.83. The share price of Advanced Micro Devices, Inc . CIBC World Markets Inc. purchased a new position in shares of Advanced Micro Devices during the second quarter worth $631,000. Credit Suisse Group restated a "neutral" rating and issued a $10.50 price target (up from $7.00) on shares of Advanced Micro Devices in a research note on Thursday, February 2nd.

Business

Mark Clattenburg to ref more Prem games before Saudi move

It was recently revealed that Clattenburg was quitting the Premier League to take up a post as Saudi Arabia's new refereeing chief with immediate effect. The County Durham official, who became an assistant referee in the Northern League at 18, has reportedly grown unhappy with the level of public support officials are given by PGMOL and he has been linked with various lucrative moves overseas.

Business

Area gasoline prices continue to drop

In the spring of 2016, with oil prices climbing, both Kansas and Missouri saw gas prices spike about 75 cents a gallon, but McTeague doesn't expect that steep of a climb this year. A year ago at this time, gas was selling for $1.691 per gallon. State of Tennessee- $2.05, flat from last week's $2.05. This time previous year, the average was $1.69.

Business

President Donald Trump campaign rally in Florida

As the man climbed up, the President addressed security concerns by saying to the crowd, and perhaps to Secret Service agents, "I'm not anxious about him". After Donald Trump spoke about protesters being given publicity, he went on to talk about his supporters , including one man named Gene Huber , who the President let up on stage with him.

Business

Oil prices witness limited gain amid increasing U.S. oil drilling

Brent futures were down 5 cents at $55.75 a barrel at 2.45am Irish time, while US West Texas Intermediate crude was unchanged at $53.40. But evidence of rising output in the United States has tempered money managers' appetite to push prices higher.

Business

Kareena Kapoor on 'Veere Di Wedding'

I normally don't go for trailers and Saif was surprised too. The tape would reveal and all of it although they needed me to place tape across the body. Unlike the roast master Karan, she didn't speak in condescending tone but did made some revelations about the industry and her rapport with her contemporaries.

Business

Virat Kohli's Rs 110 Crore Deal With Puma Has Everyone Swooning

Bulk of the endorsement deal, estimated between Rs 12 to 14 crore annually, is locked up in fixed payout, the report said. Signing a Rs 100 cr deal with a single brand has happened for the first time in India for any sports person. Kohli took to various social media platforms and posted a picture endorsing the brand. Virat Kohli is world cricket's biggest thing at the moment and it was expected that big names would pursue him to sign as their brand ambassador.

Business

Greece repays €2bn loan ahead of crunch bailout talks

Euro zone finance ministers were to meet later on Monday in Brussels to assess Greece's progress in fulfilling the conditions of its bailout.[DATA/]. While the ministry hears of "good progress" in talks within the group of creditors as well as between them and Greece, it's unclear when the institutions' mission chiefs will return to Athens to build on progress that's been made, Tiesenhausen said.

Business

Stop Trump group aims for biggest protests in United Kingdom history

An opposing petition arguing that Trump should be offered a state visit also passed the threshold, garnering more than 310,000 signatures. "We want to give a clear message to Theresa May that it's not acceptable for her to cosy up to a leader like Donald Trump ".

Business

Iraqi Forces Signal Assault On West Mosul With Leaflet Drop

The assault marks a new phase in the broad operation launched on October 17 to retake Mosul, Iraq's second city and the terrorists' last major stronghold in the country. ISIL fighters defending Mosul's west bank have no choice but to protect their bastion. Any plan is likely to depend on United States and coalition troops working with and through the local forces in both countries.

Business

Kraft calls off £115bn pursuit of Unilever after 55 hours

Kraft reportedly withdrew its offer because it felt it was too hard to negotiate a deal following the public disclosure of its bid so soon after its approach to Unilever . The Pot Noodle maker said it saw "no merit, either financial or strategic, for Unilever's shareholders". " Kraft Heinz's interest was made public at an extremely early stage", Mullen said.

Business

Markets extend gains; Nifty closes at 8879

Telecom stocks rallied after several merger-related reports. Shares of Bharti Airtel also ended 1.19% higher. It gained 1,434.25 points four weeks. At 11.44 a.m, the Sensex was trading up 65.27 points or 0.23% at 28,534.02 with 17 components gaining.

Business

Saif Ali Khan talks about daughter Sara Ali Khan's debut in Bollywood

Kangana was also announced the victor of the Rapid Fire Round, which Kangana jokingly said is perhaps Karan's attempt to "redeem" himself. In one of the segments, Karan made fun of Zoya, who in spite of being Javed Akhtar's daughter, failed to come up with the meanings of some Urdu words.

Business

Belfast has most congested road in United Kingdom outside London

London was the UK's most congested city, according to the study, with drivers spending an average of 73 hours stuck in gridlock during peak hours. All the other cities on the so-called Global Traffic Scorecard were either in North or South America, except for London in seventh place and Paris in ninth.


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