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Finance

The RBI also banned with immediate effect issuance of letters of comfort which, like LoUs, are used by importers to fund their overseas purchases. The RBI notification further said that Letters of Credit and Bank Guarantees for trade credits for imports into India may continue to be issued subject to compliance with the provisions.
  • Website for millennial railcard crashes

    Website for millennial railcard crashes

    Finance

    Unfortunately, only 10,000 railcards are on sale now because the initiative is still only being trialled. The trial of the 26-30 railcard is part of the rail industry's long-term plan to change, improve and boost communities by enabling more people to travel by train.
  • Volkswagen shares rise as vehicle maker announces expansions of electric auto production

    Volkswagen shares rise as vehicle maker announces expansions of electric auto production

    Finance

    And for China, whose regulations will require perhaps the steepest production increase in plug-in electric vehicles , it has concluded a deal with Contemporary Amperex Technology Ltd., or CATL. It is a Golf-sized compact vehicle with the interior room of a mid-size auto due to the long cabin permitted by its electric powertrain. Perhaps the most rapturously received electric concept, though was the Volkswagen ID Buzz, a modern-day all-electric interpretation of the classic Microbus, or ...
  • Affordable 3D-printed housing model debuts at SXSW

    Affordable 3D-printed housing model debuts at SXSW

    Finance

    It was teamed up with global housing solutions nonprofit New Story for this project. The cost: Right now, a house built using the firm's Vulcan 3-D printer costs $10,000. "3D printing had been our on radar but it wasn't until we got connected to ICON that we felt it would be a feasible possibility". However, the technology for suspending concrete as it prints is not feasible yet.
  • Should You Hold Rite Aid Corporation (NYSE:RAD)

    Finance

    It has underperformed by 71.88% the S&P500. Toronto Dominion Bank increased its stake in Vf Corp (VFC) by 14.32% based on its latest 2017Q3 regulatory filing with the SEC. Wg Shaheen And Dba Whitney And reported 30,100 shares. Rite Aid earned a media sentiment score of 0.11 on Accern's scale. Lincoln National holds 19,283 shares or 0% of its portfolio.
  • Kitty Hawk is testing electric self-flying taxis in New Zealand

    Kitty Hawk is testing electric self-flying taxis in New Zealand

    Finance

    Kitty Hawk and other companies now pursuing autonomous electric taxi services still face significant regulatory hurdles in the U.S. before the unique business models can become a reality. It's been testing the vehicles through a local operator called Zephyr Airworks , and Cora has an "experimental airworthiness certificate" from both New Zealand and United States aviation authorities.
  • Active Volume Stock: The Coca-Cola Company (NYSE:KO)

    Active Volume Stock: The Coca-Cola Company (NYSE:KO)

    Finance

    The Coca-Cola Company (NYSE:KO) closed its last session at $44.53. About 13,180 shares traded. De C.V. (KOF) as shares are moving today on volatility -0.55% or -0.38 from the open. 1,902 are held by Symphony Asset Management Ltd Liability. Stevens First Principles Invest reported 0.47% of its portfolio in The Coca-Cola Company (NYSE:KO).
  • The Devon Energy (NYSE:DVN) Given Media Impact Score of 0.18

    Finance

    About 12.18 million shares traded or 81.72% up from the average. Devon Energy's dividend payout ratio is now 13.95%. It has underperformed by 31.25% the S&P500. This represents a $0.32 dividend on an annualized basis and a yield of 0.98%. Devon Energy Corporation (DVN ) surged 4.65% yesterday to close its trading session at $32.39.
  • Glencore (LON:GLEN) Rating Reiterated by Shore Capital

    Finance

    The company has market cap of $879.74 million. The firm is involved in the acquisition and development of land primarily for residential purposes; and the construction of housing on such land. The stock increased 0.32% or GBX 4 during the last trading session, reaching GBX 1266. About 414,335 shares traded or 73.63% up from the average. Greggs plc (LON:GRG) has 0.00% since March 13, 2017 and is.
  • Chancellor Philip Hammond to unveil spring statement

    Chancellor Philip Hammond to unveil spring statement

    Finance

    He is set to unveil consultations on a single-use plastics tax and a possible tax on the profits of digital giants like Facebook and Google. And after the Chancellor compared Labour to gloomy cartoon character Eeyore and himself to the more optimistic Tigger, shadow communities secretary Andrew Gwynne joked that Mr Hammond was "talking Pooh".
  • Crude Oil Lower Ahead Of Inflation

    Crude Oil Lower Ahead Of Inflation

    Finance

    Last week's U.S.jobs data, as well as an easing of fears over a global trade war, boosted stocks across the world. Unlike Middle Eastern nations such as Saudi Arabia , which wants high crude prices to boost the value of its IPO of state-run Aramco , Iran expressed its concern over steadily-rising US production by stating it wants to work with the Organization of the Petroleum Exporting Countries (OPEC) to keep prices at $60 and curtail the output.
  • Contactless payment to be rolled out to Sydney light rail

    Contactless payment to be rolled out to Sydney light rail

    Finance

    But from this week, not all parts of the system will require the Opal card. Any American Express , Mastercard or Visa card with contactless technology enabled can now be used to tap on and off on select public transport in Sydney, after being trialled exclusively with Mastercard payments on the Manly Ferry in January .