Markets

CBI did not name any of these officials. The searches were held at the residences of the promoters of the company, two of their factories and corporate office in Vadodara. During 2011, DPIL had projected a turnover of Rs 2,197.60 crore for the year 2012, whereas the actual turnover was Rs 1,267.60 crore only for the year 2011, the FIR said.
  • Asian shares lower after Trump's latest China tariff threat

    Asian shares lower after Trump's latest China tariff threat

    Markets

    WALL STREET: U.S. stock markets finished higher on Wednesday after a sharp plunge in the previous session. The Nasdaq composite added 0.5 per cent to 7,076.55. Optimists also argued that the global economy is now running so strong that it could cope with the impact of the proposed tariffs, which cover a fraction of the world's trade.
  • Washington to consider imposing tariffs on additional $100 bln in China imports

    Washington to consider imposing tariffs on additional $100 bln in China imports

    Markets

    Zhu warned against expecting Beijing to back down. Washington's attempts at reducing its trade deficit by engaging in a trade war were compounding its mistakes, it added. Also on the list were American beef, whiskey, passenger vehicles and industrial chemicals. U.S. President Donald Trump slapped a steep tariff on imported washing machines and solar panels in February to protect American manufacturers, prompting a fierce backlash from South Korea and China .
  • Monsanto (NYSE:MON) 2Q18 earnings preview

    Monsanto (NYSE:MON) 2Q18 earnings preview

    Markets

    The firm had revenue of $5.02 billion during the quarter, compared to analysts' expectations of $5.34 billion. Monsanto Company (NYSE: MON ) posted a 0.34% after which it closed the day' session at $117.00 and sees an average of 3.29M shares trade hands in each session while it's while its relative trading volume is 4.38.
  • Soft drinks prices set to spike

    Soft drinks prices set to spike

    Markets

    Drinks containing five grammes of sugar per 100 ml will face a lower rate of 18 pence ($0.25, 0.21 euros) per litre, whereas those with more than eight grammes per 100 ml will face a rate of 24 pence per litre. Fruit or milk-based drinks are also unaffected. Milky drinks such as milkshakes have also been excluded because they tend to be high in calcium. All age groups are consuming too much sugar, with teenagers the worst offenders.
  • IndiGo not to take part in AI's divestment

    IndiGo not to take part in AI's divestment

    Markets

    In a major setback to the government's plan to disinvest Air India , the country's largest private carrier IndiGo has walked out of the race to acquire the public sector airline. At the same time, others have called it a "wheat separated from the chaff moment" in the Air India divestment process. Billionaire owners Rahul Bhatia and Rakesh Gangwal had said earlier that they would not buy Air India if that involves a partnership with the government.
  • Shares in Alibaba Group (BABA) Acquired by Avestar Capital LLC

    Shares in Alibaba Group (BABA) Acquired by Avestar Capital LLC

    Markets

    Flowering Tree Investment Management Pte Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be less bullish one the $442.13B market cap company. Citigroup Inc. increased their price target on shares of Alibaba Group Holding to $104.00 and gave the stock a "buy" rating in a research report on Sunday, August 7th.
  • President Trump Visiting Southern West Virginia Today

    President Trump Visiting Southern West Virginia Today

    Markets

    He repeated his unfounded and unsubstantiated claim that "millions and millions of people" voted illegally in 2016. . "You're not getting that help right now", Trump said. As he often does , the president called on other people seated at the table to lavish compliments on him. "He does other things that I don't like", Trump said.
  • Longfin Corp. (LFIN) ended its day with the change of -30.89%

    Longfin Corp. (LFIN) ended its day with the change of -30.89%

    Markets

    US stocks rebounded on Tuesday after a heavy sell-off in the previous session, as shareholders were monitoring the developments of trade relations between China and the United States . The RSI provides signals that tell investors to buy when the currency oversold and to sell when it is overbought. The relative strength index (RSI)'s recent value positioned at 30.88.
  • BHP Billiton (LON:BLT) Given Overweight Rating at Morgan Stanley

    BHP Billiton (LON:BLT) Given Overweight Rating at Morgan Stanley

    Markets

    US stocks rebounded on Tuesday after a heavy sell-off in the previous session, as shareholders were monitoring the developments of trade relations between China and the United States. It also reduced its holding in Comcast Corp New (NASDAQ:CMCSA) by 84,401 shares in the quarter, leaving it with 5,478 shares, and cut its stake in Starbucks Corp (NASDAQ:SBUX).
  • Last orders: Conviviality has officially fallen into administration

    Last orders: Conviviality has officially fallen into administration

    Markets

    In a statement, Conviviality said the deal provided continuity of supply for customers as well as "continuity of employment" for the 1,900 workers across the company's wholesale operations. The deal puts Matthew Clark and Bibendum, both major suppliers of wine to the United Kingdom trade into the hands of beer-focused companies C&C, which ownsMagners cider and AB InBev, the world's largest brewer.
  • Deadspin video shows Sinclair stations echoing Trump-style media attacks

    Deadspin video shows Sinclair stations echoing Trump-style media attacks

    Markets

    Sinclair Broadcast Group has been thrust into the spotlight by a viral video showing anchors from its news stations nationwide reading a company-mandated promotional announcement warning against media bias and "false news". SBGI has been the subject of several other research reports. The promos have prompted a heap of debate online about the role of local news, prompting Sinclair to publish a statement responding to "unfounded media criticism on Monday".
  • Traders Alert: Apple Inc. (NASDAQ:AAPL)

    Traders Alert: Apple Inc. (NASDAQ:AAPL)

    Markets

    Princeton Portfolio Strategies Group Llc who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $687.36 billion market cap company. The stock has "Neutral" rating by Longbow on Wednesday , January 17. The rating was maintained by Robert W. Baird with "Buy" on Monday, March 5. During the same quarter in the previous year, the firm posted $3.36 earnings per share.
  • Trump's Attack on Amazon Sends Stock Plunging

    Trump's Attack on Amazon Sends Stock Plunging

    Markets

    Courage Miller Ltd holds 0.26% in Amazon .com, Inc. The Standard & Poor's 500-stock index and tech-heavy Nasdaq finished up 1.16 percent and 1.45 percent respectively, both erasing a sharp morning downturn. Price to earnings ratio (P/E) for AMZN stock is recorded at $308.19. It has outperformed by 65.23% the S&P500. Shares of Dick's Sporting Goods, Inc.
  • Twitter claims more progress on squeezing terrorist content

    Twitter claims more progress on squeezing terrorist content

    Markets

    While that may be a staggering number, things are starting to look up. Only a quarter of reports of abusive behaviour submitted by government representatives were acted upon by Twitter , compared with 98% of reports related to the promotion of terrorism .
  • Scoot flight returns to Singapore after bomb threat

    Scoot flight returns to Singapore after bomb threat

    Markets

    One of the two Republic of Singapore Air Force fighter jets departing Changi Airport after escorting the Scoot aircraft. In addition, officers are investigating a call a police dispatcher received about 7:15 p.m. Scoot Airlines added: "We're working closely with the authorities for necessary follow-up to ensure the safety of our guests". The airline also confirmed that the aircraft was declared safe "after investigations and associated procedures were concluded".