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Indian shares gain tracking strong Asia; Auto stocks rally

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Stocks gradually marched ahead later during the session. On Wednesday, the equity markets opened on a sedate footing as the Street awaits key policy rates' announcement by the Reserve Bank of India (RBI) later in the day. Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 per cent. Read More »

Historic factory site could lose Robinsons and Colman's brands

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Britvic has announced a proposal to close one of its production sites in the United Kingdom, as it looks to improve efficiency. In a double blow for the city, Unilever has launched a review of its operations at the same site, putting a further 113 jobs at risk at its unit which produces Colman's Mustard. Read More »

Aguero out for six weeks, says Argentina doctor

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The striker was speaking to his national team's doctor because he was due to play in Argentina's World Cup qualifiers this week. The forward is said to have hoped for involvement in Argentina's World Cup qualifying matches over the global break, and there were suggestions of him being fit enough to play through the injury and face Stoke City as well when domestic action resumed. Read More »

Market moves with caution, RBI rate call takes centre-stage

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This was the fourth bi-monthly policy review by RBI's Monetary Policy Committee that was formed a year ago on the lines of Federal Open Market Committee in the US. Apart from inflation concerns, the prospect of the Federal Reserve gearing up to start unwinding some of its massive monetary stimulus later this year also kept the RBI cautious, analysts say. Read More »

Toyota ends vehicle production in Australia

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Mr Noonan said the Andrews Government had been preparing for the closure for a long time, and had provided grants to 60 businesses to help create new jobs suitable for auto workers. "It is not so hard to find a job". Mr Smith said only about half of Ford's workers, who lost their jobs when the plants shut down a year ago, had found permanent, full-time work. Read More »

RBI To Print Soon New Rs 100 Notes?

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While most of us have had a love and hate relationship with the changing face of currency notes in the country, the Reserve Bank of India (RBI) is gearing up for yet another move. Till date, the list of redesigned notes apart from the introduction of newer denominations include Rs 500 and Rs. 50 notes. The report further elaborated that of the four cassettes, or boxes, in an ATM, only one is used for Rs 100 notes. Read More »

Tesco restores dividend as sales soar

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That compares with 596 million pounds in the same period previous year and analyst forecasts of about 700 million pounds. The company on Wednesday reported a 27.3 per cent rise in profits for the first half of its financial year and a seventh consecutive year of underlying sales growth in its United Kingdom market. Read More »

Campaigners' joy at Scotland fracking ban

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Shale gas is now processed in Scotland at a site in Grangemouth, having been shipped in from overseas, but can not be extracted from beneath Scottish soil under the current moratorium, which is enforced through planning regulations. Holyrood had previously voted to support an outright ban on fracking, although SNP members abstained from the non-binding vote - with Labour also launching a members bill which had the same aim. Read More »

Former Chico business owner killed in Las Vegas mass shooting

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One of her two sons, Jeff Rees sent a message to Orsua saying, "Our mother was such a strong attractive and happy woman who made a difference to the lives of everyone she knew". He spent more than 18 hours trying to find her, searching every hospital in the city. Authorities had trouble identifying her since Etcheber had his wife's cell phone and identification card at the time of the shooting. Read More »

California law enforcement officers wounded in Las Vegas

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City News Service reports that one of the Sheriff's Department employees is in critical condition, while the second "is displaying stable vital signs". Jeff Higbee. The officer is a 7-year veteran of the department and now works at the LAPD's Foothill Division, Cuedo said. Los Angeles Fire Department Chief Ralph M. Read More »

Government Cuts Excise Duty On Petrol, Diesel By Rs 2 Per Litre

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For diesel, the selling price of Rs 58.84 per litre contained central taxes of Rs 17.89 and state taxes of Rs 8.69. Prices of petrol and diesel will be reduced by the amount of duty cut with effect from Wednesday. In September, the price of petrol rose by 67 cents. The state Value-Added Tax on diesel is more than 20 percent in 15 states, highest being in Andhra Pradesh with 31.06 percent. Read More »

GM and Ford announce major electric vehicle plans

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Ford plans to introduce 13 new electrics and hybrids over the next five years, including a small electric SUV coming in 2020. Associates say Mr. Hackett , a former longtime CEO of Michigan-based Steelcase Inc., is likely to place big bets and push for quick action. Read More »

Gun Regulation Becomes Heavy Topic In Wake Of Las Vegas Shooting

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After a mass shooting , we hear somber statements from the president and members of Congress, someone calls for a change in gun laws, then someone else responds with "How dare you politicize this bad tragedy". The President later posted a series of tweets condemning her comments and saying she had been influenced by the "fake news media". Police said 23 guns were found in the room where Paddock killed himself, some of them assault-style rifles with scopes and some that appeared to ... Read More »

Amazon facing hefty European Union tax bill

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Such a move by the European Commission (EC) would be similar to a 13bn euros (£11.5bn) bill it levied against United States technology giant Apple past year for Irish back taxes, the Financial Times said. The commission is also continuing to investigate Luxembourg's tax treatment of McDonald's Corp. and Engie SA. Collecting the tax in the country where a product is sold would eliminate that fraud. Read More »

Ford to slash $14 billion in costs

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Part of the $7 billion capital reallocation includes reintroducing the Ranger pickup truck and Bronco SUV in North America and moving production of its next-generation Focus small auto to China, plans that were previously disclosed. - Ford Chief Executive Jim Hackett on October 3 unveiled his strategy for the automaker at an event in New York City . Since Hackett took over in May, he's partnered with companies on electric vehicles in China and India and teamed up with Lyft Inc. Read More »

RBA Pours Cold Water Over Rate Moves

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There hasn't been a rate hike now for nearly seven years. Commenting on the RBA's decision, Callam Pickering, an economist with global job site Indeed, said the key to a future rate hike was wage growth - and as yet, a significant improvement was not on the horizon. Read More »

Yahoo Says 3 Billion User Accounts Were Hacked, Upping Previous Estimate

Yahoo said it is sending out email notifications to the remaining user accounts that did not receive a notification in 2016 when the hack was first revealed by Yahoo. The company says the hack released personal information such as phone numbers, birth dates, and security questions. "Our investment in Yahoo is allowing that team to continue to take significant steps to enhance their security, as well as benefit from Verizon's experience and resources". Read More »

Kaufman Adaptive Moving Average Trending Higher for Ashtead Group Plc (AHT.L)

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The Firm is engaged in the business of Retailing and associated activities (Retail) and Retail banking and insurance services. The company has market cap of $1.37 billion. 03/27/2017 - Pearson, Plc had its "underperform" rating reiterated by analysts at Jefferies. On Monday, March 14 the stock rating was maintained by Bernstein with "Outperform". Read More »

Wells Fargo boss makes case for his own dismissal

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His performance should prompt incoming Chair Betsy Duke to find a leader who can turn the page. WASHINGTON - Wells Fargo's chief executive Timothy J. "I think the reason I am the right person to run this company today, notwithstanding your criticisms, is because I have been making change at this company for 30 years ", Sloan said. Read More »

Oracle Unveils First Autonomous Database

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While Amazon , Microsoft , and other companies that got into the cloud computing market before Oracle have been trying to pick off those customers. The company also yesterday revealed new AI-based apps for finance, HR, supply chain, manufacturing, commerce, customer service, marketing and sales professionals. Read More »

Berkshire Hathaway Invests in Pilot Flying J

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In building his conglomerate, Buffett has always been attracted to stable industries with cash flows he can predict far out into the future. That trial is likely to generate headlines that could be damaging to the entire Haslam family, including Gov. Read More »

Walmart buys same-day delivery company Parcel

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The discounter announced on Tuesday that it has acquired Parcel , a last-mile delivery startup that specializes in delivery of perishable items and general merchandise to customers in New York City . The company will still offer delivery services to other companies aside from Walmart and its brands. Walmart said it hopes to utilize the startup's network and unique technology to expand deliveries for Jet and Walmart.com throughout NYC. Read More »

This common bank fee has soared 55% over the past decade

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The New York metro area has the second-highest average out-of-network ATM fee at $5.14 according to a Bankrate .com survey. In the US overall, the average overdraft fee hit a new high this year at $33.38, bouncing back up from a one-year drop in 2016. Read More »

Uber boss to hold talks with TfL on London licence

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Ms Bertram has been with the company for four years and oversaw its major expansion in London . Transport for London has said it will take Uber several weeks to win back its trust after a "constructive" meeting between the company's new chief executive and senior officials. Read More »