Markets
SBI slides 4% after first quarterly earnings loss in 17 years
- February 15, 2018
For the nine month period ending December 31, 2017 total income of the bank surged to Rs 14,565.27 crore from Rs 13,649.22 crore registered during year ago period. The bank's provisions for non-performing assets rose 95 per cent to Rs 964.07 crore as against Rs 494.52 crore. In all, it has to make Rs 394.13 crore of additional provisioning, of which Rs 262.75 crore is to be provided for during 2017-18. (more...)
- February 15, 2018
For the nine month period ending December 31, 2017 total income of the bank surged to Rs 14,565.27 crore from Rs 13,649.22 crore registered during year ago period. The bank's provisions for non-performing assets rose 95 per cent to Rs 964.07 crore as against Rs 494.52 crore. In all, it has to make Rs 394.13 crore of additional provisioning, of which Rs 262.75 crore is to be provided for during 2017-18. (more...)
Sensex Up 140 Points In Early Trade; Nifty Nears 10550
- February 15, 2018
Around 1.20 p.m., the wider Nifty50 of the National Stock Exchange edged higher by 71.45 points or 0.68 per cent at 10,572.35 points. Among the Nifty Bank Index stocks, the nine stocks that closed down were: PNB (10.39 per cent), Canara Bank (5.96 per cent), YES Bank (4.79 per cent), State Bank of India (4.59 per cent), Axis Bank (3.97 per cent), Bank of Baroda (2.82 per cent), ICICI Bank (2.64 per cent), Kotak Bank (0.39 per cent) and IndusInd Bank (0.34 per cent). (more...)
- February 15, 2018
Around 1.20 p.m., the wider Nifty50 of the National Stock Exchange edged higher by 71.45 points or 0.68 per cent at 10,572.35 points. Among the Nifty Bank Index stocks, the nine stocks that closed down were: PNB (10.39 per cent), Canara Bank (5.96 per cent), YES Bank (4.79 per cent), State Bank of India (4.59 per cent), Axis Bank (3.97 per cent), Bank of Baroda (2.82 per cent), ICICI Bank (2.64 per cent), Kotak Bank (0.39 per cent) and IndusInd Bank (0.34 per cent). (more...)
Saudi Arabia seeks to further reduce oil stockpiles next month
- February 15, 2018
The move is aimed at strengthening energy ties between the two major oil producers. "We will see how the IPO process progresses but we see significant interest to invest in the Aramco IPO, from Russian Federation, from China". Kirill Dmitriev, the sovereign wealth fund's head, has already said that Russian pension funds are considering participation in the Saudi Aramco IPO, which is potentially the world's biggest, valuing the group at up to €2 trillion and raising more than €100bn. (more...)
- February 15, 2018
The move is aimed at strengthening energy ties between the two major oil producers. "We will see how the IPO process progresses but we see significant interest to invest in the Aramco IPO, from Russian Federation, from China". Kirill Dmitriev, the sovereign wealth fund's head, has already said that Russian pension funds are considering participation in the Saudi Aramco IPO, which is potentially the world's biggest, valuing the group at up to €2 trillion and raising more than €100bn. (more...)
Nokia 6 launched in India for Rs 16999
- February 15, 2018
The device is priced at Rs 16 ,999 and will go on sale starting February 20, via Flipkart . The new 4GB RAM variant of the Nokia 6 will be available only on Flipkart. Overall, the Nokia 6 doesn't inspire confidence when it comes to specifications, but HMD is doing what it has been doing since its entry to the Indian market. (more...)
- February 15, 2018
The device is priced at Rs 16 ,999 and will go on sale starting February 20, via Flipkart . The new 4GB RAM variant of the Nokia 6 will be available only on Flipkart. Overall, the Nokia 6 doesn't inspire confidence when it comes to specifications, but HMD is doing what it has been doing since its entry to the Indian market. (more...)
Black boxes and 800 body parts found at Moscow jet crash site
- February 15, 2018
The plane's operator, Saratov Airlines, said in a statement on Monday it was temporarily grounding its fleet of AN-148 planes until investigators had established what happened. President Vladimir Putin also offered his condolences to the loved ones of those killed. The aircraft only had one crash back in March 2011, which was a result of an in-flight break-up during a test flight. (more...)
- February 15, 2018
The plane's operator, Saratov Airlines, said in a statement on Monday it was temporarily grounding its fleet of AN-148 planes until investigators had established what happened. President Vladimir Putin also offered his condolences to the loved ones of those killed. The aircraft only had one crash back in March 2011, which was a result of an in-flight break-up during a test flight. (more...)
Genie Bouchard returns as 2018 Sports Illustrated swimsuit model
- February 15, 2018
The magazine is making history in another way with their latest issue featuring Danielle Herrington as this year's cover model for the highly coveted swimsuit issue . 13). However, she joins an impressive pair of women who also boast the accolade: Beyonce appeared on the cover in 2007, while supermodel Tyra Banks was the cover star in both 1996 and 1997. (more...)
- February 15, 2018
The magazine is making history in another way with their latest issue featuring Danielle Herrington as this year's cover model for the highly coveted swimsuit issue . 13). However, she joins an impressive pair of women who also boast the accolade: Beyonce appeared on the cover in 2007, while supermodel Tyra Banks was the cover star in both 1996 and 1997. (more...)
Banks seek clarity from RBI on new NPA norms
- February 15, 2018
According to data compiled by ICRA for around 50 large borrowers having banking exposure of Rs 2,000 crore or more and will need resolution. The first such weekly report shall be submitted for the week ended February 23. All stressed asset cases above Rs 2,000 crore needs to be resolved within a period of 180 days. It said banks have to come together to work out a resolution plan as soon as a default happens and if not done within 180 days, the account should be referred to the bankruptcy ... (more...)
- February 15, 2018
According to data compiled by ICRA for around 50 large borrowers having banking exposure of Rs 2,000 crore or more and will need resolution. The first such weekly report shall be submitted for the week ended February 23. All stressed asset cases above Rs 2,000 crore needs to be resolved within a period of 180 days. It said banks have to come together to work out a resolution plan as soon as a default happens and if not done within 180 days, the account should be referred to the bankruptcy ... (more...)
Crude halts decline as demand seen burning through shale output
- February 15, 2018
The IEA said oil prices , which briefly touched a high of $71 a barrel in January, could be supported even if United States production rises, provided global growth remains strong, or if unplanned supply outages persist. Crude markets began to steady yesterday, settling little changed on the day as global equities began to recoup some losses from their biggest one-week decline in two years. (more...)
- February 15, 2018
The IEA said oil prices , which briefly touched a high of $71 a barrel in January, could be supported even if United States production rises, provided global growth remains strong, or if unplanned supply outages persist. Crude markets began to steady yesterday, settling little changed on the day as global equities began to recoup some losses from their biggest one-week decline in two years. (more...)
Stocks lift off, as investors strap in for more volatility
- February 15, 2018
Technology companies and banks, some of the biggest winners over the past year, rose up the most. Those worries have been amplified by increasing Treasury bond yields. OIL: Benchmark U.S. crude fell 29 cents to $59.00 per barrel in electronic trading on the New York Mercantile Exchange. The Dow industrials were up 270 points, or 1.1 percent, to 24,461. (more...)
- February 15, 2018
Technology companies and banks, some of the biggest winners over the past year, rose up the most. Those worries have been amplified by increasing Treasury bond yields. OIL: Benchmark U.S. crude fell 29 cents to $59.00 per barrel in electronic trading on the New York Mercantile Exchange. The Dow industrials were up 270 points, or 1.1 percent, to 24,461. (more...)
The Just Eat PLC (LON:JE) Price Target Raised to GBX 825
- February 15, 2018
Cornercap Invest Counsel Inc invested 0.12% in Good Energy Group PLC (LON:GOOD). Liberum Capital assumed coverage on shares of Just Eat in a report on Wednesday, November 8th. Numis Securities maintained Diurnal Group plc (LON:DNL) on Monday, March 20 with "Buy" rating. Cantor Fitzgerald maintained Good Energy Group PLC (LON:GOOD) rating on Tuesday, March 21. (more...)
- February 15, 2018
Cornercap Invest Counsel Inc invested 0.12% in Good Energy Group PLC (LON:GOOD). Liberum Capital assumed coverage on shares of Just Eat in a report on Wednesday, November 8th. Numis Securities maintained Diurnal Group plc (LON:DNL) on Monday, March 20 with "Buy" rating. Cantor Fitzgerald maintained Good Energy Group PLC (LON:GOOD) rating on Tuesday, March 21. (more...)
Glenview Trust Co Trims Holdings in Walgreens Boots Alliance Inc (WBA)
- February 15, 2018
The purchase would limit costs in the drug supply chain, increase appeal with pharmacy benefit managers and insurers and strengthen it against rivals like Amazon .com, Inc. In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of the company's stock in a transaction that occurred on Monday, January 15th. (more...)
- February 15, 2018
The purchase would limit costs in the drug supply chain, increase appeal with pharmacy benefit managers and insurers and strengthen it against rivals like Amazon .com, Inc. In other Walgreens Boots Alliance news, insider Stefano Pessina acquired 98,858 shares of the company's stock in a transaction that occurred on Monday, January 15th. (more...)
Average US gas price jumps 7 cents to $2.65 for regular
- February 15, 2018
Prices averaged $2.78 around the metro. Average retail gasoline prices in Minnesota have fallen 2.5 cents in the past week, averaging $2.55 per gallon Sunday , according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota. The New YorksState average is $2.76, down two cents from last week. Finally, gas prices are starting to drop. Patrick Dehaan senior petroleum analyst for GasBuddy said there is a number of factors that may cause for gas prices to go up 60 cents by the ... (more...)
- February 15, 2018
Prices averaged $2.78 around the metro. Average retail gasoline prices in Minnesota have fallen 2.5 cents in the past week, averaging $2.55 per gallon Sunday , according to GasBuddy's daily survey of 2,856 gas outlets in Minnesota. The New YorksState average is $2.76, down two cents from last week. Finally, gas prices are starting to drop. Patrick Dehaan senior petroleum analyst for GasBuddy said there is a number of factors that may cause for gas prices to go up 60 cents by the ... (more...)
Ford expands 'Do Not Drive' warning to 33000 additional pickup trucks -- statement
- February 15, 2018
Ford and Mazda have replacement airbag inflators available now and will tow vehicles to a dealership for fix, and provide loaner vehicles free of charge, the companies and agency said. Ford's Weigandt said the small pickups already were under recalls for driver and passenger inflators. The fix will provide a permanent repair to the faulty Takata airbag inflators, at no cost to the customer. (more...)
- February 15, 2018
Ford and Mazda have replacement airbag inflators available now and will tow vehicles to a dealership for fix, and provide loaner vehicles free of charge, the companies and agency said. Ford's Weigandt said the small pickups already were under recalls for driver and passenger inflators. The fix will provide a permanent repair to the faulty Takata airbag inflators, at no cost to the customer. (more...)
'Shipping with Amazon' to disrupt delivery sector
- February 15, 2018
As per the report , the third-party delivery service will be called "Shipping with Amazon" and it will be launched in the coming weeks. The news sent FedEX and UPS shares down a bit when announced Friday. UPS reported 8 percent revenue growth in 2017, very strong revenue per piece, and average annual price improvement of 2.9 percent, which was at the higher end of its 2-3 percent guidance range, Zaccara pointed out. (more...)
- February 15, 2018
As per the report , the third-party delivery service will be called "Shipping with Amazon" and it will be launched in the coming weeks. The news sent FedEX and UPS shares down a bit when announced Friday. UPS reported 8 percent revenue growth in 2017, very strong revenue per piece, and average annual price improvement of 2.9 percent, which was at the higher end of its 2-3 percent guidance range, Zaccara pointed out. (more...)
Uber Is Setting New Limits to Help Prevent Accidents From Drowsy Driving
- February 15, 2018
These restrictions, meant to prevent accidents caused by drowsy driving, are already in place in some USA cities, per local regulations. Virginia regulations, for example, allow 13 hours of driving over a 24-hour period. "This not only highlights the importance of outreach and education to help raise public awareness, but also the need for strategies that promote sleep health and safety". (more...)
- February 15, 2018
These restrictions, meant to prevent accidents caused by drowsy driving, are already in place in some USA cities, per local regulations. Virginia regulations, for example, allow 13 hours of driving over a 24-hour period. "This not only highlights the importance of outreach and education to help raise public awareness, but also the need for strategies that promote sleep health and safety". (more...)
Air collision averted, Vistara flight comes close to Air India plane
- February 15, 2018
The Times of India on Monday reported air traffic controllers handling the Vistara and Air India flights that came dangerously close in Mumbai airspace last Wednesday (Feb 7) have been suspended. The aircrafts were barely seconds away from colliding, said a source. The pilot immediately switched off both the engines and the Airbus A321 aircraft was towed to chokes, a source at the Chhatrapati Shivaji International Airport (CSIA) said. (more...)
- February 15, 2018
The Times of India on Monday reported air traffic controllers handling the Vistara and Air India flights that came dangerously close in Mumbai airspace last Wednesday (Feb 7) have been suspended. The aircrafts were barely seconds away from colliding, said a source. The pilot immediately switched off both the engines and the Airbus A321 aircraft was towed to chokes, a source at the Chhatrapati Shivaji International Airport (CSIA) said. (more...)
PM Yıldırım to meet with Chancellor Merkel during visit to Germany
- February 15, 2018
If members reject the coalition pact , a new German election looks the most likely option. On Tuesday, Mr Schulz said he hoped his decision to resign would result in party members focusing on the coalition treaty rather than personnel issues. (more...)
- February 15, 2018
If members reject the coalition pact , a new German election looks the most likely option. On Tuesday, Mr Schulz said he hoped his decision to resign would result in party members focusing on the coalition treaty rather than personnel issues. (more...)
Amazon to Cut Hundreds of Jobs at Its Seattle Headquarters
- February 15, 2018
Amazon is laying off employees in the "low hundreds" in an effort to shift head count allocation to businesses that are growing, reports this week said. While Amazon has performed cutbacks in some areas, the company has continued hiring in others. The company said it would consider those affected for other roles, adding it was still hiring aggressively in other areas. (more...)
- February 15, 2018
Amazon is laying off employees in the "low hundreds" in an effort to shift head count allocation to businesses that are growing, reports this week said. While Amazon has performed cutbacks in some areas, the company has continued hiring in others. The company said it would consider those affected for other roles, adding it was still hiring aggressively in other areas. (more...)
John Horgan & Rachel Notley To Skip NDP Convention
- February 15, 2018
When asked whether she thinks anything will change Horgan's mind, Notley said he was elected not on a platform of stopping the $7.4-billion Trans Mountain pipeline expansion, but on using all the tools at his disposal to try to do so. United Conservative Party Leader Jason Kenney has applauded Notley's retaliation against B.C. and called for further actions, including imposing tolls on natural gas that flows to the United States through Alberta. (more...)
- February 15, 2018
When asked whether she thinks anything will change Horgan's mind, Notley said he was elected not on a platform of stopping the $7.4-billion Trans Mountain pipeline expansion, but on using all the tools at his disposal to try to do so. United Conservative Party Leader Jason Kenney has applauded Notley's retaliation against B.C. and called for further actions, including imposing tolls on natural gas that flows to the United States through Alberta. (more...)
Meet Boston Dynamics' four-legged robot which can open doors
- February 15, 2018
Now the firm, owned by Japan's Softbank Group, has released new footage showing two SpotMinis combining to help one another through a closed door. It extends its "neck" then uses a gripper on the end to twist the handle and swing the door open. (more...)
- February 15, 2018
Now the firm, owned by Japan's Softbank Group, has released new footage showing two SpotMinis combining to help one another through a closed door. It extends its "neck" then uses a gripper on the end to twist the handle and swing the door open. (more...)
Latest news
Government scraps plug-in auto grant for hybrids