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Finance

At 1:50 pm, the Sensex was trading at 33,393, down 292 points, while the broader Nifty50 was ruling at 10,262, down 90 points. Japan's Nikkei too down 0.24%. Among other Asian markets, Hong Kong's Hang Seng and Japan's Nikkei was down by nearly a quarter of one percent. The news came just days after following the recent departure of two key officials, former Secretary of State Rex Tillerson and top economic advisor Gary Cohn, from the Trump administration .
  • Tesla Inc (TSLA) Employees Say Flawed Parts Are Affecting Production

    Tesla Inc (TSLA) Employees Say Flawed Parts Are Affecting Production

    Finance

    CNBC reports that multiple former and current employees at electric auto manufacturer Tesla have alleged that the company is producing a high ratio of flawed parts which has led to costly rework on components. "Like other automakers, Tesla remanufactures parts because doing so uses fewer materials and less energy than building a new part from scratch", said the Tesla spokesperson, who added that at the end of the day, the company wants the ideal auto to roll off its assembly line every time.
  • Theranos and its CEO settle 'massive fraud' charges

    Theranos and its CEO settle 'massive fraud' charges

    Finance

    As part of the settlement announced March 14, Holmes will also surrender 19 million shares and isn't allowed to be an officer or director of a public company for 10 years. Punishing the startup would further harm investors the SEC is aiming to protect, he said. Theranos also misrepresented its dealings with the U.S. Department of Defense, the SEC said, falsely telling investors that Theranos technology had been used by the USA military on the battlefield in Afghanistan and in medevac ...
  • CBI registers another case of fraud at PNB

    CBI registers another case of fraud at PNB

    Finance

    Ltd and its directors-Aditya Rasiwasia and Ishwardas Agarwal-in the FIR. The CBI filed an FIR on March 9 and also carried out searches at several locations, say reports. The banks, in such cases, act as guarantors to loans availed by the LoU bearer from any bank or financial institution. The RBI issued the directive on LoUs and LoCs on Tuesday, about a month after it was discovered that diamond merchants Nirav Modi and Mehul Choksi had misused LoUs issued by PNB to defraud the bank of ...
  • Uganda: Emirates Crew Staff 'Jumps Off' Plane At Entebbe Airport

    Uganda: Emirates Crew Staff 'Jumps Off' Plane At Entebbe Airport

    Finance

    According to BBC , the woman was rushed to hospital from the airport after falling from the doorway on Wednesday. " The circumstances leading to the incident are being investigated by the relevant authorities ". The airline has yet to reply to a request for comment from Newsweek , but an Emirates spokesperson confirmed the incident to the Khaleej Times .
  • The Silver Lining In Walmart Inc. (WMT), Target Corporation (TGT)

    The Silver Lining In Walmart Inc. (WMT), Target Corporation (TGT)

    Finance

    V F Corp now has $29.75B valuation. The stock increased 0.19% or $0.24 during the last trading session, reaching $123.45. About 11.04 million shares traded. A number of analysts have weighed in on WMT shares. 265.93 million shares or 0.75% less from 267.93 million shares in 2017Q2 were reported. Ionic Cap Management Limited Liability invested in 7,000 shares.
  • HSBC reveals big gender pay gap

    HSBC reveals big gender pay gap

    Finance

    Women are paid a staggering 59% less than men, on average, according to the difference in hourly pay in 2017. (The median pay gap in the United Kingdom was 9.1% a year ago, according to the Office for National Statistics .) At HSBC, the disparity between the mean and median pay gaps is further evidence of how few women there are in higher paid positions.
  • Egg hunts: Easter Bunny busy in Greater Sudbury this month

    Egg hunts: Easter Bunny busy in Greater Sudbury this month

    Finance

    In other words-it's an idyllic spot to hunt for eggs. Participants will enjoy pictures with the Easter Bunny, pet vendors, an Easter parade, and at 2:00 p.m. You'll want to get there early in order to ensure your kids get to meet the Easter Bunny. Reservations for Breakfast with the Bunny must be made by calling Chaney's at 270-843-5567 or via chaneysdairybarn.com .
  • Carmakers should pay for air pollution, say MPs

    Carmakers should pay for air pollution, say MPs

    Finance

    Ministers announced in July 2017 that sales of new diesel and petrol vehicles would be banned from 2040, but a joint committee report has accused the Government of failing to take adequate measures to reduce air pollution . Paris has said it will ban both petrol and diesel cars by 2030, while Rome has outlined plans to stop diesel cars from entering the city centre by 2024.
  • Barclays Reiterates $45.00 Price Target for The Coca-Cola (KO)

    Barclays Reiterates $45.00 Price Target for The Coca-Cola (KO)

    Finance

    Nli International Inc who had been investing in Coca Cola Co for a number of months, seems to be bullish on the $186.70 billion market cap company. The counter witnessed a trading volume of 18.68 million shares versus an average volume of 14.71 million shares during last trading session.
  • India's GDP will grow at 7.3% in 2018-'19, says World Bank

    India's GDP will grow at 7.3% in 2018-'19, says World Bank

    Finance

    India's economic growth rate is estimated at 6.5% in the current fiscal. "High compliance costs are also arising because the prevalence of multiple tax rates implies a need to classify inputs and outputs based on the applicable tax rate". "However, the policy will take time to be effective in cleaning the balance sheets and ultimately changing the credit discipline in the country, and is unlikely to improve capital adequacy of banks on its own", it added.
  • Powerball jackpot jumps to $455M for St. Patrick's Day

    Powerball jackpot jumps to $455M for St. Patrick's Day

    Finance

    That means the drawing on Saturday, Mar. 17 will be worth $455 million with a cash option of $269.4 million. Powerball is offered in 44 States, Washington D.C., Puerto Rico, and the Virgin Islands. Drawings take place at 10:59 p.m. on Wednesday and Saturday. Tickets cost $2 each. Classic Lotto draws at 7:05 p.m. on Mondays, Wednesdays and Saturdays.