Finance

Mistry ousted as TCS director

Of the 1.55 crore shares polled, 1.21 crore voted against the resolution while 34.24 lakh supported his removal. "A reported 78 per cent of the votes cast by retail investors was against the resolution to remove me and almost 43 per cent of the votes cast by institutional investors were against the resolution to remove me". Read More

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Rs 33 lakh cash in 2000 rupee notes seized; 5 held

Rs 33 lakh cash in 2000 rupee notes seized; 5 held

On Wednesday, new currency worth Rs 2.25 crore was seized during raids in Bengaluru and over Rs 3 crore in banned currency were found in a hotel in Delhi this morning. This is considered to be the busiest time for income tax officials as post demonetisation as the government is actively checking the details of those depositing big amounts ahead of the December 30 deadline. Read More

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WPI inflation eases to 3.15% in November

The demonetization exercise kicked off on November 8 has led to an acute cash crunch and weakening of demand. Wholesale price inflation in India fell during the month of November, at the slowest pace in five months. The Reserve Bank of India, in its monetary policy commentary statement, also highlighted its fear of a further rise in import costs of petroleum products that may adversely impact its inflation target. Read More

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Salvation Army Says Volunteers Badly Needed For Kettle Campaign

Salvation Army Says Volunteers Badly Needed For Kettle Campaign

An anonymous donor has left valuable gold peso coins in a Salvation Army kettle for the third straight year. "We are kind of the last opportunity for folks who are in need", said Peters. On a frigid Monday night, as Christmas shoppers sought refuge at the Walmart, Ruiz rang the bell for three hours. The shelter has two rooms - one for men, one for women - they can both hold 30 shelter seekers. Read More

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Boeing And Iran Air Sign Jetliner Contract Worth $16.6 Billion

The Boeing-Iran Air agreement would be the largest deal with a USA company since the 1979 Iranian revolution. Congressional Republicans are trying to counter last year's nuclear accord , with the US House of Representatives passing a bill last month seeking to restrict financial transactions by US banks in an effort to block the sale of Western passenger jets to Iran. Read More

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OPEC, oil-producing nations strike deal to cut output

OPEC, oil-producing nations strike deal to cut output

The December 10 deal came after OPEC members on November 30 agreed to cut their own production by 1.2 million barrels a day. Still, it's unclear whether the historic deal will suffice to drain the oil stockpiles that have accumulated. Among the non-Opec countries attending the meeting were Azerbaijan, Oman, Mexico, Malaysia, Sudan, South Sudan and Bahrain. "We do not expect the outcome of this meeting to play a significant role in rebalancing the oil market", Vienna-based analyst group ... Read More

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Sensex, Nifty open with tepid gains amid strong global cues

Sensex, Nifty open with tepid gains amid strong global cues

The Sensex has touched a high of 26,502.43 points and a low of 26,393.99 points during the intra-day trade so far. This is the highest closing since November 11 when the closing figure stood at 26,818.82. Most Asian markets remained firm, with Japan's Nikkei rising 1.23 per cent and Shanghai Composite Index up 0.54 per cent. Hong Kong's Hang Seng fell 0.44% though. Read More

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Chuck Jones vs. Donald Trump: A window on future union relations?

Chuck Jones vs. Donald Trump: A window on future union relations?

He has celebrated the deal, which came with $7 million in tax breaks, while reiterating his campaign pledge to impose 35 percent tariffs on companies that move jobs out of the country. And though workers were not brought to the table during the deal announced last week, Chuck and so many others in the labor movement have gone to great lengths to keep these jobs - all of them - in IN because they work for workers every single day. Read More

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Autumn Statement: Government set to borrow more as economy slows down

Autumn Statement: Government set to borrow more as economy slows down

He said the slower economic growth, coupled with higher inflation and lower tax receipts, meant the country could no longer balance the budget by 2020 - a key target of former Prime Minister David Cameron's government. The OBR also predicts that growth will be 2.4 percentage points lower than it would otherwise have been because of Brexit. But his overall message was not radically different from Osborne's as he promised to get rid of the overall budget deficit as quickly as possible in the ... Read More

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BoC holds rate at 0.5% amid 'significant economic slack'

BoC holds rate at 0.5% amid 'significant economic slack'

Although there have been on-going gains in employment, a significant amount of economic slack remains in Canada, in contrast to the U.S. position. Douglas Porter, chief economist at BMO, said the overall tone of the Bank's statement was downbeat and serves "as a stark reminder that Canadian short-term rates in no way, shape or form will follow the US lead higher". Read More

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Steelers defense playing important role in turnaround

Manning insisted NY is "good enough to compete" against teams such as the Cowboys and Steelers, saying, "It's a matter of a couple of plays or, today, a couple of inches". The Giants finally scored their second touchdown with 26 seconds remaining on a 1-yard pass from Manning to rookie Sterling Shepard , but it was too little, too late. Read More

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5 more victims' names released in Gatlinburg wildfires

5 more victims' names released in Gatlinburg wildfires

Although an emergency management system sent out an alert, the Tennessee Emergency Management Agency said that alert never went to all local mobile devices because of the constraints of the system. 1, 2016, in Gatlinburg, Tenn . Waters spoke as business owners and home owners were returning to the city of Gatlinburg for the first time since the wildfires began damaging the area Monday. Read More

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