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In a year Delhi will look like London, promises Arvind Kejriwal

The budget is likely to have an outlay similar to previous year, when the approved kitty was estimated at Rs 46,600 crore. "Our aim is to make the entire system online so no one has to visit the offices at all", he said. "Firstly, I want to clarify it that I didn't say that I will make Delhi like London". During his address, Baijal said for inclusive development, his government has identified education as one of the key sectors and that construction of 20 new school buildings has been taken ...

Business

PSA Peugeot-Citroen confirms €2.2bn deal to buy Vauxhall

The move lets GM exit the European market. Analysts, however, say a combination between PSA Groupe and Opel only makes sense if there are job cuts. Mary Barra, GM boss, added: "We are very pleased that together, GM, our valued colleagues at Opel/Vauxhall and PSA have created a new opportunity to enhance the long-term performance of our respective companies by building on the success of our prior alliance".

Business

'Pessimistic' Vince Cable casts post-Brexit GLOOM over Peugeot takeover of Vauxhall

While Holden has been able to effect changes to the engineering of next year's Germany-sourced Commodore replacement, its ongoing place within General Motors may make it harder to collaborate with European designers and engineers. The unions said they have reached a commitment from PSA that all Opel businesses will be "put under one Opel entity". "Opel has been making red ink for 10 years, and burning approximately US$1 billion in cash every year", Tavares said.

Business

Average OKC Gas Prices Barely Fall, Still Lower Than Nation

But prices remain much higher than they were a year ago when the average price for a gallon of regular stood at $1.66. Prices continue to fluctuate up and down across Maryland with Salisbury experiencing the most significant change with a five cents increase over last week.

Business

Charge on cash deposit: Why blame the banks when RBI approved move

As of now, monthly average balance (MAB) for a savings bank account is Rs 500 without facility of cheque book and Rs 1,000 with cheque book across the country. The account holder will be charged Rs 20 after the three transactions from other bank ATMs and will be charged Rs 10 for withdrawals from SBI ATMs.

Business

Flight disruption expected due to strike action in France

More than 1,000 flights could be cancelled and severe delays caused to other journeys over five days starting from this morning and ending on Friday night. "Unfortunately in addition to cancelling some flights to and from France, other short-haul flights may also experience some disruption, given how many flights would normally use French airspace".

Business

Echuca will be on the CG baton relay route

It is claimed a total of 3,800 Batonbearers across Australia are needed to "share the dream of the friendly Games" as part of the Relay. The Queen's Baton Relay as it stopped in at the Gold Coast ahead of the last Commonwealth Games in New Delhi.

Business

Vauxhall workers wait for Peugeot buyout

Regardless of the details, PSA will have its work cut out with Opel that not only has many products competing with its own brands, but also comes with low profit margins making cars in countries with high labor costs, including Germany, the United Kingdom and Spain, as well as a surplus of production.

Business

Dreamers Disheartened As Trump Keeps Calling Undocumented Immigrants Criminals

Ms Cantrill cautioned that while the speech had been received positively by USA markets, it did not alter the fact that policymaking in the United States remains a complicated process. Even if Trump's policies displease world leaders, at least he isn't walking into a room with world leaders throwing around derogatory statements about their countries.

Business

PSA reaches deal to buy Opel from GM, wins board approval

The same company insider who preferred to remain unnamed told journalists that Peugeot-Citroen would announce the transaction early on Monday, but spokespersons from General Motors and PSA Groupe have refused to comment the inquiries made by Automotive News .

Business

Admiral Group plc (ADM) Given Neutral Rating at JPMorgan Chase & Co

The company's market capitalization is GBX 90.36 billion. The most recently updated broker updates which include ratings and price targets for STV Group (LON:STVG) from a range of analyst research notes can be found below. This represents a yield of 1.97%. This is a positive change from National Express Group PLC's previous dividend of $3.87. The original version of this report can be accessed at ...

Business

Trump supporters declare pride in president, slam opponents

St. Paul police detained at least five people for lighting fireworks to disrupt a weekend pro-Trump rally at the State Capitol. As the rally kicked off with a prayer, a group of counter protesters wearing all black crowded the bottom of the hill.

Business

Goldberg Wins WWE Universal Championship

The Oklahoman is now headed for another battle for Lesnar, the man he downed at WrestleMania XX in 2004, and in under two minutes at Survivor Series last November. Jinder Mahal and Rusev brawled after ending their short-lived tag team, before Mahal was downed by Cesaro and Rusev was crushed by Big Show in impromptu matches sanctioned by Mick Foley.

Business

Treasury chief's war chest being assembled as Britain prepares to leave EU

In response however, Hammond insisted that the United Kingdom was a "a nation that honours its obligations and if we do have any bills that fall to be paid we will obviously deal with them in the proper way". Mr Hammond told the BBC's Andrew Marr that Britain would "do whatever we need to do" including striking deals and building alliances with the rest of the world, to protect and drive the British economy if it were forced to face a future without a trade agreement with the EU.

Business

In Chicago, Fed Chair Signals Bump In Interest Rate

This expectation partly underlies our view that gradual increases in the federal funds rate will likely be appropriate in the months and years ahead: "Those increases would keep the economy from significantly overheating, thereby sustaining the expansion and maintaining price stability", Yellen said.

Business

Sushma Swaraj Reacts to Attacks on Indians in the US

A 39-year-old Sikh man in the U.S. was injured when an unidentified person shot him outside his home and allegedly shouted "go back to your own country" on Saturday night. External Affairs Minister Sushma Swaraj tweeted on Sunday that the Indian Consulate in the United States "has spoken to the father of the deceased in MA".

Business

Huskies' John Ross Runs a 4.22 40-yard dash

It was from Redskins wide receiver DeSean Jackson, his mostly physical equivalent, who invited him down to Los Angeles to train for a few days on a whim. However, Ross was wearing Nike cleats, so no island for him, unfortunately. "I'm obviously behind the 8-ball so I'm here to prove not only to myself but to every organization that if they take me, they're going to get the best player here".

Business

The row over Jeff Sessions' links to Russian Federation explained

Trump but that he was part of a committee that advised the campaign. "I have been called a surrogate at a time or two in that campaign and I did not have communications with the Russians and I'm unable to comment on it", Sessions responded.

Business

From Reddit To Trump's Twitter

Writing on Twitter, Mr Schumer said he would "happily talk" under oath about his meeting with Mr Putin, which took place "in full view of press and public ". President Trump got to work exacting revenge Friday on top Democratic lawmakers for demanding his attorney general's resignation over past meetings with Russia's ambassador - after pictures emerged of the same lawmakers in similar meetings, exposing them to "hypocrisy" charges.

Business

Deutsche Bank Plans $8.5 Billion Capital Increase

It's also studying management changes, including a new role for chief financial officer Marcus Schenck, some of the people said. "Our decisions are a significant step forward on the path to creating a simpler, stronger and growing bank", Deusche Bank's chief executive John Cryan said.

Business

Cadence Bank NA Has $4423000 Stake in Chevron Co. (CVX)

Chevron (NYSE:CVX) has insider ownership of 0.40% and institutional ownership of 62.50%. Accredited Investors Inc. boosted its position in Chevron by 15.1% in the second quarter. Many analysts have provided their estimated foresights on Chevron Corporation Earnings, with 17 analysts believing the company would generate an Average Estimate of $0.89.

Business

(BBT) Insider Sells $135172.84 in Stock

TLP Group LLC bought a new stake in BB&T Corporation during the third quarter worth approximately $126,000. United States of America based company, BB&T Corporation (BBT)'s latest closing price was 21.16% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 3.84% and 2.61% compared with the 20 Day Moving Average.

Business

Aberdeen Asset Management and Standard Life confirm £11bn merger

As the bigger firm Standard Life is in the driving seat with its shareholders set to own just over two-thirds of the equity in the combined group. Standard Life said in a statement: "The boards of Standard Life and Aberdeen confirm that they are in discussions in relation to a possible all-share merger of Standard Life and Aberdeen".

Business

'Foreign interference' has China spending 1tn yuan on military

China for years has tried to reduce its reliance on manufacturing, which creates fast growth, and instead expand its services sector and innovation-based industries. Wang Hongguang, former deputy commander of Nanjing military area command, also expressed concerns about Trump's potential impact on relations with China, and is watching closely whether the reasonably smooth talks between the U.S.

Business

Why the IRS Just Raided Caterpillar's Peoria Headquarters

A report by the Senate Permanent Subcommittee on Investigations found that Caterpillar's US operations had bought parts from suppliers and resold them to independent dealers overseas. The Trump administration's apparent crackdown on United States firms shifting profits to lower tax countries is another blow for Switzerland, which is struggling to adapt its tax laws to meet global standards.

Business

What Technical Indicators Say About American Airlines Group Inc. (AAL)

The stock's 50 day moving average is 46.48 and its 200 day moving average is 42.70. Finally, Everence Capital Management Inc. acquired a new position in American Airlines Group during the third quarter valued at about $209,000. American Airlines Group (NASDAQ:AAL) opened at 45.72 on Wednesday. Following the EPS trend, pool of analysts gave current quarter Per-Share Earnings estimates trends of $1.30 for the UPS while maintaining high price target of 127 and average of 112.68, as declared by WSJ.

Business

Active Volume Stock: Cobalt International Energy, Inc. (NYSE:CIE)

Analysts are speculating a 604.23% move, based on the high target price ($5) for the shares that is set to reach in the next 12 months. Financial Times data shows, Dividend information is not available for Cobalt International Energy Inc.

Business

Arsenal boss Wenger: Alexis benching backfired

Wenger explained his decision as a purely tactical one and claimed he did not regret his selection. " The thinking was that we had to go more direct and I wanted to play two players who were strong in the air and after that to bring on Alexis Sanchez in the second half".

Business

Oil Down For 3rd Day on Record High Inventories

Oil prices edged lower on the news , erasing gains to trade flat. Oil slid for a third day as record-high U.S. crude stockpiles were seen jeopardizing the Organization of the Petroleum Exporting Countries's (Opec) efforts to drain a global surplus.

Business

Snap stock to debut Thursday after better-than-expected IPO

The company says it has 158 million users daily with 2.5 billion snaps sent each day. The school made millions of dollars from the Snap Inc IPO, the parent company of photo messaging application Snapchat. When they're first offered, IPO stock is priced to sell : The goal is to name a price that investors will find attractive (i.e., one that's "low" enough).

Business

Important Analyst's Ratings to Watch: PDL BioPharma, Inc. (NASDAQ:PDLI)

The company is expected to grow by 14 percent over the next five years. Over the past five trading sessions it is -8.93%; -7.27% for the month; -10.92% for the last quarter; -30.61% for the past six-months; and -33.44% for the last 12 months.

Business

Silicon Valley school scores $23M in Snap IPO

The IPO was oversubscribed by more than ten-times which means the shares could have been priced at as much as $19. For every investor snapping up IPO shares, about ten times that number were ready to buy, according to Recode and other media reports .

Business

At $17 a share, Snap hopes to raise $3.4 bn in IPO

San Francisco-based software startup AppDynamics had been poised to take that title with a $156 million IPO in January, but instead sold to Cisco for $3.7 billion two days before the IPO was set to price. The company has been in dire need of cash after posting a net loss of $372.9 million in 2015 and $514.6 million the following year. The value of Snapchat's owner has soared on its New York Stock Exchange debut after a flotation that valued the company at an initial $24bn (£19bn).

Business

California high school makes $24 million from Snapchat IPO

The majority of stock sold went into mutual funds, where they are supposed to remain in the long term. The feature, which was previously unique to Snapchat, plays photos and videos shared by users in a loop for 24 hours before they disappear.

Business

Snap prices IPO at $17, above the range

The Wednesday pricing makes Snap's IPO the largest in the USA since Alibaba went public in 2014 and could give the recently slow market for technology IPOs a boost. The flotation valued the company at $17 a share, or $24bn in all, although Snap has never made a profit. Leonid Bershidsky said that out of 20 tech companies that went public in the USA in the last decade, nine are trading below the issue (IPO) price.


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