Finance

Finance Liquor baron Vijay Mallya arrested in London in money laundering case
Author: 0 Liquor baron Vijay Mallya arrested in London in money laundering case

Mallya was arrested for the second time in the United Kingdom in 2017, in a case of money laundering. He was arrested by Scotland Yard on an extradition warrant on 18 April and is now out on bail. He was, however, released on conditional bail immediately after he provided a bail bond of 650,000 pounds. With the fresh allegations, Mallya may find the going tough when his extradition case comes up for hearing in December.

Finance Ola raises $2B from SoftBank, Tencent, and others
Author: 0 Ola raises $2B from SoftBank, Tencent, and others

According to some sources, the funding round is not yet complete and the amount could change in the coming weeks. A report by Bloomberg mentioned that the funding is backed by venture capital fund jointly run by industrialist Ratan Tata, the University of California's investment arm and USA institutional investors.

Finance Ford Motor Company (NYSE:F) Traded 5.3% Above Its 50 Day Average
Author: 0 Ford Motor Company (NYSE:F) Traded 5.3% Above Its 50 Day Average

RBC Capital Markets has "Sector Perform" rating and $15 target. Norinchukin Bank The's holdings in General Motors were valued $5,797,000 during the latest fiscal quarter. The difference between the expected and actual EPS was $0.13/share, which represents an Earnings surprise of 30.2%. EPS Estimate for the next Quarter is 1.14.

Finance Tata Motors wins India's ₹1120 crore electric vehicle tender
Author: 0 Tata Motors wins India's ₹1120 crore electric vehicle tender

The first phase with 500 EVs in November 2017 and 9,500 electric vehicles in the second phase. At present, the company rolls out the conventional version of the compact sedan, hatchback Tiago and entry-level vehicle Nano from the Sanand plant, which has an annual capacity of 2.5 lakh units.

Finance Amit Shah: Pinarayi Vijayan responsible for violence in Kerala
Author: 0 Amit Shah: Pinarayi Vijayan responsible for violence in Kerala

Surendran, Sobha Surendran, A. N. Radhakrishnan, and M. T. Ramesh will take part in the campaign. Earlier in the day, the BJP chief offered prayers at the famous Rajarajeswara Temple in Taliparamba near Kannur . Shah targeted Community Party saying they should introspect why they have been wiped off from the entire world and now getting wiped in the country too.

Finance Grows Holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS)
Author: 0 Grows Holdings in Goldman Sachs Group, Inc. (The) (NYSE:GS)

Wells Fargo & Company began coverage on shares of Goldman Sachs Group, Inc . (The) by 1.8% in the 1st quarter. (The) by 73.5% during the 1st quarter. The company has market cap of $26.03 billion. Menora Mivtachim Holdings Ltd who had been investing in Goldman Sachs Group Inc for a number of months, seems to be less bullish one the $92.58 billion market cap company.

Finance Oracle announces the Autonomous Database Cloud
Author: 0 Oracle announces the Autonomous Database Cloud

Multinational computer technology giant Oracle has announced the launch of Oracle Blockchain Cloud Service - an advanced, enterprise-grade distributed ledger cloud platform with industry-leading resiliency, scalability, and security. Oracle Data Cloud integrates that data with more than 200 media and adtech partners. "I hope they're going to open up the black box around the algorithms to make it incredibly transparent and make it tailorable for customers to adjust as the algorithms ...

Finance Equifax says 2.5M additional individuals potentially victimized during data breach
Author: 0 Equifax says 2.5M additional individuals potentially victimized during data breach

Massachusetts Financial Services Co. Airain ltd grew its holdings in Equifax by 166.0% in the 2nd quarter. Baird Financial Group, Inc. controls 314,420 shares worth $43,208,000. Amid the topmost stocks in today's market is Equifax Inc. Rodolfo Ploder, president of Equifax's Workforce Solutions business, sold $250,000 worth of stock on August 2.

Finance Reliance Communications stock tanks 9% after Aircel merger deal falls through
Author: 0 Reliance Communications stock tanks 9% after Aircel merger deal falls through

While the merger included transfer of Rs 14,000 crore of RCom's debt to the new entity, the tower deal would have fetched Rs 11,000 crore (for 51 per cent stake), collectively knocking off Rs 25,000 crore of debt. Mukesh Ambani, the brother of Anil Ambani , promotes Reliance Jio. The acquisition of the mobile business of Sistema Shyam Teleservices (SSTL) is expected to be completed this month.

Finance Takes Position in Rite Aid Corporation (NYSE:RAD)
Author: 0 Takes Position in Rite Aid Corporation (NYSE:RAD)

Shares saw a steep increase in trading volume of 451.69% over the normal average daily volume. 06/30/2017 - Rite Aid Corporation had its "outperform" rating reiterated by analysts at Cowen. They now have a United States dollars 2 price target on the stock. The Stock now has a Weekly Volatility of 4.42% and Monthly Volatility of 5.22%.

Finance NY bridge is demolished to make way for new one
Author: 0 NY bridge is demolished to make way for new one

With the old bridge gone, a new span of bridge is due to open by 2020. The 78-year-old Kosciuszko Bridge was demolished in a controlled explosion early on Sunday morning to make way for the expansion of a new bridge over Newtown Creek. "I think it's a new politically correct term for implosion". The process used strategically-placed explosives to bring down the 22 million pounds of steel.

Finance Peel Hunt Reaffirms
Author: 0 Peel Hunt Reaffirms "Buy" Rating for Card Factory PLC (LON:CARD)

Hsbc Holdings Public Limited Com holds 0.15% of its portfolio in Prudential plc (LON:PRU) for 779,317 shares. Punch & Associate Inv Mngmt Incorporated owns 895,000 shares or 0.34% of their USA portfolio. As per Friday, January 15, the company rating was maintained by Jefferies. The firm has "Neutral" rating by Citigroup given on Thursday, August 10. In related news, insider Lance Burn sold 67,500 shares of IG Design Group PLC stock in a transaction that occurred on Friday, September 29th.

Finance Nissan recalling 1.2 mil cars in Japan
Author: 0 Nissan recalling 1.2 mil cars in Japan

Among the 1.2m cars subject to the recall will be the company's electric auto model Leaf , the newest version of which it launched last month . Japan's second-biggest auto maker said the recall would cost it around 25 billion yen ($222 million) to re-inspect vehicles produced for the domestic market from October 2014 to September 2017, that include leading sellers the Serena minivan and the Note compact hatchback.

Finance The future is all-electric — GM
Author: 0 The future is all-electric — GM

Vehicles powered either by batteries or hydrogen fuel cells will ultimately represent GM's entire global lineup, Mark Reuss, product development chief, said Monday, USA Today reported . "Although that future won't happen overnight, GM is committed to driving increased usage and acceptance of electric vehicles". The Bolt, the automaker's first long-range electric model, will be joined by two other BEVs within the next 18 months, GM also confirmed Monday.

Finance UK Manufacturing Growth Moderates In September
Author: 0 UK Manufacturing Growth Moderates In September

Data compiler IHS Markit said its final purchasing managers' index rose to 56.1 in September from 55.8 in August, up marginally from a preliminary reading of 56.0. This contributed to a sharp rise in manufacturing output prices. The growth of new export business remained among the best registered over the past six-and-a-half years.

Finance Uber's CEO will meet with United Kingdom transport authorities
Author: 0 Uber's CEO will meet with United Kingdom transport authorities

Premium auto service Addison Lee plans to increase driver numbers in London by up to a quarter, it said on Friday, just as rival Uber is set to lose its license in Britain's capital. Khosrowshahi apologised on Monday "for the mistakes we've made" and insisted "we will appeal this decision on behalf of millions of Londoners, but we do so with the knowledge that we must also change".