Markets
Reliance Jio's current debt at over Rs 49000 crore
- January 17, 2017
Standalone profit for the December quarter was up 10 per cent at Rs 8,022 crore. Reliance Jio, which earlier said it invested $20 billion in telecom networks and spectrum, will make an additional investment of Rs 30,000 crore or $441 million to enhance its 4G network's coverage and capacity in the country. (more...)
- January 17, 2017
Standalone profit for the December quarter was up 10 per cent at Rs 8,022 crore. Reliance Jio, which earlier said it invested $20 billion in telecom networks and spectrum, will make an additional investment of Rs 30,000 crore or $441 million to enhance its 4G network's coverage and capacity in the country. (more...)
Search for Malaysia Airlines plane MH370 abandoned
- January 17, 2017
As such, the underwater search for MH-370 has been suspended. It can be read in full here . The JACC has been leading the MH370 search operation alongside Malaysia and China. "We again take this opportunity to honour the memory of those who have lost their lives and acknowledge the enormous loss felt by their loved ones", the statement said. (more...)
- January 17, 2017
As such, the underwater search for MH-370 has been suspended. It can be read in full here . The JACC has been leading the MH370 search operation alongside Malaysia and China. "We again take this opportunity to honour the memory of those who have lost their lives and acknowledge the enormous loss felt by their loved ones", the statement said. (more...)
GM to announce $1B investment in USA factories, jobs
- January 17, 2017
GM general counsel Craig Glidden said on Monday that any investment that would be announced from his company would be because it was planned since a long time. The automaker did import Cruze sedans from Mexico a year ago, but all sedans are now made stateside, according to GM spokesperson Patrick Morrissey. (more...)
- January 17, 2017
GM general counsel Craig Glidden said on Monday that any investment that would be announced from his company would be because it was planned since a long time. The automaker did import Cruze sedans from Mexico a year ago, but all sedans are now made stateside, according to GM spokesperson Patrick Morrissey. (more...)
Almost Third of Russian Companies' CEOs Confident in Business Growth in 2017
- January 17, 2017
Protectionism is on the minds of almost 60% of global businesses leaders, who are concerned about the phenomenon. Creativity and innovation, leadership, and emotional intelligence were the most sought after skills, PwC found, while over half of CEOs had issues recruiting workers with digital and STEM (science, technology, engineering and mathematics) skills. (more...)
- January 17, 2017
Protectionism is on the minds of almost 60% of global businesses leaders, who are concerned about the phenomenon. Creativity and innovation, leadership, and emotional intelligence were the most sought after skills, PwC found, while over half of CEOs had issues recruiting workers with digital and STEM (science, technology, engineering and mathematics) skills. (more...)
Tata, Mistry counsel spar at contempt plea hearing
- January 17, 2017
Mistry's legal team argued that the decision to call the EGM (on Feb 6) was against the spirit of the December 22 order, which meant to avoid multiplicity of proceedings and unnecessary delays. Singhvi also explained the reason behind the urgency to remove Mistry from Tata Sons board. Following Mistry's removal from the chairmanship of Tata Sons on October 24, the two sides have been involved in a bitter battle that started in the board room but is now out in the courts. (more...)
- January 17, 2017
Mistry's legal team argued that the decision to call the EGM (on Feb 6) was against the spirit of the December 22 order, which meant to avoid multiplicity of proceedings and unnecessary delays. Singhvi also explained the reason behind the urgency to remove Mistry from Tata Sons board. Following Mistry's removal from the chairmanship of Tata Sons on October 24, the two sides have been involved in a bitter battle that started in the board room but is now out in the courts. (more...)
Wenger eases Sanchez concerns after Swansea victory
- January 17, 2017
Coach Arsene Wenger was delighted with Alex Iwobi's impact during Arsenal's 4-0 win over Swansea on Saturday and insists there is much more to come from the academy graduate. He said: "We had some problems to get going but Swansea played very well in the first half. All my players want to play for every minute but for me this is not a story". (more...)
- January 17, 2017
Coach Arsene Wenger was delighted with Alex Iwobi's impact during Arsenal's 4-0 win over Swansea on Saturday and insists there is much more to come from the academy graduate. He said: "We had some problems to get going but Swansea played very well in the first half. All my players want to play for every minute but for me this is not a story". (more...)
Oil edges higher on Saudi commitment
- January 17, 2017
Under the agreement, OPEC, Russia, and other non-OPEC producers have pledged to cut oil output by almost 1.8 million barrels per day (bpd), initially for six months, in order to bring supplies back in line with consumption. "You put on your shoulders the task of achieving market stability", said Barkindo. Kuwait is chairing a monitoring committee that will oversee OPEC's cut implementation. (more...)
- January 17, 2017
Under the agreement, OPEC, Russia, and other non-OPEC producers have pledged to cut oil output by almost 1.8 million barrels per day (bpd), initially for six months, in order to bring supplies back in line with consumption. "You put on your shoulders the task of achieving market stability", said Barkindo. Kuwait is chairing a monitoring committee that will oversee OPEC's cut implementation. (more...)
Galaxy J3 Emerge Up For Pre-order From Samsung & Sprint
- January 17, 2017
A few months back, Samsung had to call back millions of Note 7 handsets as part of one of the largest recalls to date. It concluded at first that the problem was with batteries from its sister company (Samsung SDI), and that phones from another supplier (ATL) were fine. (more...)
- January 17, 2017
A few months back, Samsung had to call back millions of Note 7 handsets as part of one of the largest recalls to date. It concluded at first that the problem was with batteries from its sister company (Samsung SDI), and that phones from another supplier (ATL) were fine. (more...)
Airbus' Self-Driving Flying Taxi Aims for Takeoff This Year
- January 17, 2017
The Airbus CEO at the DLD digital tech conference in Munich today. Airbus recently formed a division to research the idea and other mobility technology, known as Urban Air Mobility . While on-demand self-flying cars sound like a pipedream, Enders said the technology would be beneficial in the long term as it would mean city infrastructure planners "don't need to pour billions into concrete bridges and roads". (more...)
- January 17, 2017
The Airbus CEO at the DLD digital tech conference in Munich today. Airbus recently formed a division to research the idea and other mobility technology, known as Urban Air Mobility . While on-demand self-flying cars sound like a pipedream, Enders said the technology would be beneficial in the long term as it would mean city infrastructure planners "don't need to pour billions into concrete bridges and roads". (more...)
Rolls-Royce settles bribery probes in UK, US and Brazil
- January 17, 2017
The proposed DPA is subject to final judicial approval and the SFO and Rolls-Royce will appear at court on January 17 to seek this approval. The firm has agreed to make payments to the DoJ totalling 169 million United States dollars (£140 million) and to the MPF totalling 25.6 million USA dollars (£21.2 million). (more...)
- January 17, 2017
The proposed DPA is subject to final judicial approval and the SFO and Rolls-Royce will appear at court on January 17 to seek this approval. The firm has agreed to make payments to the DoJ totalling 169 million United States dollars (£140 million) and to the MPF totalling 25.6 million USA dollars (£21.2 million). (more...)
Biden Says Russian Sanctions Should Stay After Trump Takes Over
- January 17, 2017
A Kremlin spokesman said it was too early to comment.Biden has been the front man for US policy towards Ukraine, visiting Kiev five times since the change in power and maintaining such regular telephone contact with Ukrainian officials that he has joked he talks to them more than his wife.As Biden left the room, a journalist asked if he thought the Trump administration would give Ukraine the same priority as he had. (more...)
- January 17, 2017
A Kremlin spokesman said it was too early to comment.Biden has been the front man for US policy towards Ukraine, visiting Kiev five times since the change in power and maintaining such regular telephone contact with Ukrainian officials that he has joked he talks to them more than his wife.As Biden left the room, a journalist asked if he thought the Trump administration would give Ukraine the same priority as he had. (more...)
Scholars urge Trump to commit to One-China policy
- January 16, 2017
The U.S. president-elect took a phone call from Taiwan's Tsai Ing-wen several days after his election victory in November, transgressing the protocol in China-U.S. "For that worldwide environment, the key is the relationship with the USA", he said . "You would expect them to say that". -The 3,000 acres of artificial land China has built on reefs and shoals in the South China Sea are no longer mere piles of sand. (more...)
- January 16, 2017
The U.S. president-elect took a phone call from Taiwan's Tsai Ing-wen several days after his election victory in November, transgressing the protocol in China-U.S. "For that worldwide environment, the key is the relationship with the USA", he said . "You would expect them to say that". -The 3,000 acres of artificial land China has built on reefs and shoals in the South China Sea are no longer mere piles of sand. (more...)
Round I of Saudi Arabia's renewables programme coming in weeks
- January 16, 2017
On Jan.21-22, there will be the first meeting of the monitoring committee in Vienna and JP Morgan expects the focus of the meeting will be to assess what additional measures of oversight are needed, and or possible, to supplement reporting by national governments, rather than assessing the actual level of production. (more...)
- January 16, 2017
On Jan.21-22, there will be the first meeting of the monitoring committee in Vienna and JP Morgan expects the focus of the meeting will be to assess what additional measures of oversight are needed, and or possible, to supplement reporting by national governments, rather than assessing the actual level of production. (more...)
Kerry criticizes Trump for remarks on German refugee policy
- January 16, 2017
Asked who he trusts more - Merkel or Putin -Trump said: "I start off trusting both, but let's see how long that lasts". US President-elect Trump criticized Merkel over her migration policy and his praise for UK's "smart" decision to "get out" of the European Union in his interview with the Times and Bild newspapers. (more...)
- January 16, 2017
Asked who he trusts more - Merkel or Putin -Trump said: "I start off trusting both, but let's see how long that lasts". US President-elect Trump criticized Merkel over her migration policy and his praise for UK's "smart" decision to "get out" of the European Union in his interview with the Times and Bild newspapers. (more...)
Obamacare: US House of Representatives votes to begin repealing health insurance law
- January 16, 2017
Early Thursday morning the Senate voted 51-48 to pass a budget that marks the first step to repealing the Affordable Care Act. Democratic leader Nancy Pelosi rebuked Republicans for their actions against the healthcare reform law, as well as their lack of planning for what is expected to come next. (more...)
- January 16, 2017
Early Thursday morning the Senate voted 51-48 to pass a budget that marks the first step to repealing the Affordable Care Act. Democratic leader Nancy Pelosi rebuked Republicans for their actions against the healthcare reform law, as well as their lack of planning for what is expected to come next. (more...)
Oh great, Trump will keep tweeting from his personal account as president
- January 16, 2017
Donald Trump will continue tweeting from his personal account as President, he has said. Following Trump's victory, many speculated as to whether or not the social media platform would continue to serve as a key platform for the president-elect. (more...)
- January 16, 2017
Donald Trump will continue tweeting from his personal account as President, he has said. Following Trump's victory, many speculated as to whether or not the social media platform would continue to serve as a key platform for the president-elect. (more...)
Vatican focuses on Jerusalem amid U.S. embassy controversy
- January 16, 2017
Prime Minister Benjamin Netanyahu has repeatedly rejected the French initiative, saying that such moves allow the Palestinians to avoid direct negotiations, thereby making peace more remote. Security Council condemning Israel for its settlements in Palestinian territory. "I must say that this conference is among the last twitches of yesterday's world", Netanyahu said. (more...)
- January 16, 2017
Prime Minister Benjamin Netanyahu has repeatedly rejected the French initiative, saying that such moves allow the Palestinians to avoid direct negotiations, thereby making peace more remote. Security Council condemning Israel for its settlements in Palestinian territory. "I must say that this conference is among the last twitches of yesterday's world", Netanyahu said. (more...)
This Airline Is Introducing Women-Only Seats On Flights
- January 16, 2017
The two untoward incidents prompted the airline to keep handcuffs onboard their domestic flights to tame unruly passengers. Whilst many are pleased that Air India is acknowledging the troubling problem, it has been suggested that they should consider designing better seating, or berating the perpetrator by having them move in the case of an incident. (more...)
- January 16, 2017
The two untoward incidents prompted the airline to keep handcuffs onboard their domestic flights to tame unruly passengers. Whilst many are pleased that Air India is acknowledging the troubling problem, it has been suggested that they should consider designing better seating, or berating the perpetrator by having them move in the case of an incident. (more...)
Hong Kong tycoon Li to buy Australian energy firm Duet
- January 16, 2017
Li's takeover bid will also need approval from the federal government, which a year ago blocked his efforts to buy Australia's largest electricity network, AusGrid. Duet chairman Doug Halley said in a statement to the Australian Stock Exchange. Buying Duet pipeline and energy distribution businesses is the latest attempt by Mr Li to bolster his Australian business. (more...)
- January 16, 2017
Li's takeover bid will also need approval from the federal government, which a year ago blocked his efforts to buy Australia's largest electricity network, AusGrid. Duet chairman Doug Halley said in a statement to the Australian Stock Exchange. Buying Duet pipeline and energy distribution businesses is the latest attempt by Mr Li to bolster his Australian business. (more...)
BMW Pushes Back After Trump Threatens Tariffs on Its Mexico Cars
- January 16, 2017
Gabriel - who as vice-chancellor, is seen as deputy to German leader Angela Merkel - responded by saying the USA should focus on building more attractive auto models, rather than penalizing competition. The automaker's latest state-of-the-art plant will produce the next-generation 3-series sedan beginning 2019 and intends to market the rear-wheel-drive vehicles worldwide. (more...)
- January 16, 2017
Gabriel - who as vice-chancellor, is seen as deputy to German leader Angela Merkel - responded by saying the USA should focus on building more attractive auto models, rather than penalizing competition. The automaker's latest state-of-the-art plant will produce the next-generation 3-series sedan beginning 2019 and intends to market the rear-wheel-drive vehicles worldwide. (more...)
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Oil trades at three-week low amid rising shale output