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Finance

As per media reports, the government had in December ordered a safeguard duty probe on surging solar cell imports to protect domestic manufacturers after the domestic industry approached the Directorate General of Safeguards. A complaint had been filed by the Indian Solar Manufacturer's Association (ISMA) on behalf of five Indian producers-Mundra Solar PV, Indosolar, Jupiter Solar Power , Websol Energy Systems and Helios Photo Voltaic-alleging that their market share has remained stagnant ...
  • 'Explosion' at Swedish metro station

    'Explosion' at Swedish metro station

    Finance

    Islanders evacuated as volcano returns to life Sydney Some 600 residents of the small island of Kadovar off Papua... The Varby Gard station was cleared on Sunday and the Stockholm subway was partially shut, with replacement buses serving part of the route on the affected line.
  • Mothercare shares tumble on profits warning after poor Christmas

    Mothercare shares tumble on profits warning after poor Christmas

    Finance

    The retailer said it had reduced its total number of stores and discounted heavily in its end-of-season sale. Net debt at the end of the current financial year is expected to be roughly £50mln, which Newton-Jones said would leave the group with sufficient liquidity and covenant headroom within its existing banking facilities.
  • All-electric concept vehicle to debut at CES 2018

    All-electric concept vehicle to debut at CES 2018

    Finance

    Kia's best-selling model in overseas markets was the Sportage compact SUV with 415,558 units sold. Several displays are set up so that punters can get first hand experience of new in-car gesture control commands that are able to control infotainment, heating and air-conditioning features by a simple swipe of the hand.
  • Regulators In Bitcoin's Top Market Is Doing This To Curb Speculation

    Regulators In Bitcoin's Top Market Is Doing This To Curb Speculation

    Finance

    Its market capitalization hit more than $ 100bn at the start of 2018. Telegram is attempting to raise as much as $500 million in the pre-ICO sale, a round where tokens - otherwise known as currency - are offloaded to big investors at a reduced rate, at a potential total token value in the range of $3 billion to $5 billion.
  • Samsung Electronics Expects Another Record Quarter

    Samsung Electronics Expects Another Record Quarter

    Finance

    The company estimated operating profits of 15.1 trillion won ($14.1 billion) in the October to December period, an all-time high for quarterly profits and almost double the 9.2 trillion won posted a year earlier. It's expected to reveal those details later this month in its finalized report, but analysts say that the semiconductor sector's continuing boom is likely to be the main driver of strong sales.
  • Pfizer to Stop Looking for New Alzheimer's Drugs

    Pfizer to Stop Looking for New Alzheimer's Drugs

    Finance

    In total the company is cutting 300 positions, primarily from their locations in Andover, Cambridge, and Groton, Connecticut . "Any decision impacting colleagues is hard", reads a statement issued by the company on January 6. The drugmaker halted development of an experimental Alzheimer's drug in 2012 after patients showed little improvement in second round clinical trials, according to Reuters .
  • Portland No Pants MAX Ride 2018

    Portland No Pants MAX Ride 2018

    Finance

    To be notified of calls for participation for next year's No Pants Subway Ride and similar events, join our mailing list . Hundreds of them rode without trousers even after the city received more than a foot of snow a few days ago. The rules include: "Willing to take pants off on the Tube and able to keep a straight face about it". However, another participant did explain about the event, the report stated.
  • Aishwarya Rai Bachchan to play a surrogate mother in 'Jasmine'?

    Aishwarya Rai Bachchan to play a surrogate mother in 'Jasmine'?

    Finance

    While Aishwarya is not allowed to talk about the role, a source close to the actress revealed, "She plays a popular singer in the film and a fan of Lata". The upcoming movie also features Anil Kapoor and Rajkummar Rao. Looks like Aishwarya will rule the screens this year! The plot supposedly revolves around an aspiring singer, played by Anil Kapoor, his relationship with his daughter and how their lives change when Aishwarya Rai comes into their lives.