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Finance

Minister of State for Finance, SP Shukla told ANI that the cash shortage was due to some states having low currency reserves in comparison to others. Citing RBI data, the Times of India reported that currency in circulation as on April 6 was Rs 18.17 lakh crore, which is close to the number at the time of demonetisation .
  • Retail sales see varying gains in March, says Commerce and NRF data

    Retail sales see varying gains in March, says Commerce and NRF data

    Finance

    This was borne out in the "control group" used in calculating GDP, which excludes gasoline, autos, building materials, and food services, and was up a sound 0.4 percent on the month, matching market projections. A solid March result helps in setting the second quarter up for a healthy rebound with consumer spending expected to expand by around 3 percent, stated TD Economics.
  • A Star Wars Story

    A Star Wars Story

    Finance

    In the Network the representatives of Disney and Lucasfilm has released a new teaser for the continuation of the popular Saga " Star wars ". But in a new TV spot, we get to see even more of this classic duo bonding on the Millenium Falcon.
  • CELG) — Celgene Corporation (NASDAQ

    Finance

    The stock increased 0.62% or $0.55 during the last trading session, reaching $89.95. About 501 shares traded. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 25.57% since April 16, 2017 and is uptrending. (NYSE:A) on Friday, August 14 with "Buy" rating. Wall Street is only getting more bullish on the stock, with 16 of analysts who cover CELG having a buy-equivalent rating.
  • Wholesale inflation eases marginally to 2.47% in March'18

    Wholesale inflation eases marginally to 2.47% in March'18

    Finance

    Primary articles inflation was came at 0.24% in March as compared to 0.79% in the previous month. Inflation data for January was revised upwards to 3.02 percent from the provisional estimate of 2.84 percent. In monthly terms, it was the first month that recorded deflation after eight months in a row of CPI growth and only the third time in the past 12 months that consumer prices shrank.
  • Gas prices inch up

    Gas prices inch up

    Finance

    Last November, a 12-cent increase in the base gasoline excise tax went into effect statewide, pushing the base from 18 cents a gallon to 30 cents. According to GasBuddy , states where prices moved most last week were: MI (up 12 cents); Utah (up nine cents); Idaho and Nebraska (up eight cents); and Georgia, Illinois, West Virginia, Missouri, Texas and Tennessee (up seven cents).
  • Bank of America reports strong Q1 results on deposit and loan growth

    Bank of America reports strong Q1 results on deposit and loan growth

    Finance

    The second-largest USA bank by assets said net income attributable to shareholders rose to $6.49 billion in the three months ended March 31 from $4.84 billion a year earlier. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds acquired holdings and 585 increased holdings. Capital Advantage Inc.
  • Servier to buy Shire's oncology business for $2.4bn

    Servier to buy Shire's oncology business for $2.4bn

    Finance

    Citing anonymous sources, Bloomberg News reported earlier this month that Takeda had approached Sumitomo Mitsui Financial Group and Mitsubishi UFJ Financial Group, among other lenders, about financing the proposed acquisition. In a prepared statement, Shire CEO Flemming Ornskov said that though the cancer business-which includes two marketed drugs-was profitable, the company concluded it is not core to Shire's long-term strategy.
  • 200 million eggs have been recalled from salmonella concerns

    200 million eggs have been recalled from salmonella concerns

    Finance

    The eggs were sold through retail stores and restaurants. Diarrhea, fever, and abdominal cramps, about 12 to 72 hours after infection. The recall is the largest of eggs in the U.S. The eggs all come from Rose Acre Farms in Indiana. The eggs were sold under the brands Country Daybreak, Sunshine Farms, Coburn Farms, Crystal Farms, Glenview and Great Value.
  • Woolworths hit by nationwide technical outage

    Woolworths hit by nationwide technical outage

    Finance

    By 5pm, Woolworths tweeted that all registers were back online and apologised for the outage. Trolleys abandoned at the Caneland Woolworths registers. It's the busiest time of the day for Woolworths , but stores around the country shut their doors on Monday afternoon after a nationwide technical issue completely halted sales.
  • Don't Worry, You Have Extra Time to File Your Income Tax

    Don't Worry, You Have Extra Time to File Your Income Tax

    Finance

    The agency has information here about what you need to do to file for a tax extension. If you plan to submit an extension form to the IRS , you must submit form 4868 . Any tax liability is still due by the April 17 deadline. The most popular planned use of tax refunds, coming in at 43%, is adding the money to their savings.
  • Japan asks China to work together toward N. Korea denuclearization

    Japan asks China to work together toward N. Korea denuclearization

    Finance

    Chinese Foreign Minister Wang Yi will meet with his Japanese counterpart today in what will be the first high-level economic dialogue between the two countries in almost a decade. Japanese Foreign Affairs Minister Taro Kono and his Chinese counterpart have pledged to improve ties between their nations and affirmed a commitment to stick with U.N.