Finance

Finance Axis Bank acquires FreeCharge for Rs 385cr
Author: 0 Axis Bank acquires FreeCharge for Rs 385cr

On the BSE , 6.28 lakh shares were traded on the counter so far as against the average daily volumes of 2.47 lakh shares in the past one quarter. Notably, the Axis-FreeCharge deal size is significantly lower from the $400 million (Rs 2,500 crore approx) that Snapdeal had paid to acquire the payments firm in 2015 in what was then the largest startup deal in India.

Finance RBI has STOPPED printing Rs 2000 notes! Here's why
Author: 0 RBI has STOPPED printing Rs 2000 notes! Here's why

RBI data shows that currency in circulation stood at Rs 15.22 trillion as on 14 July, eight months after demonetization. According to sources privy to the matter, 2000 rupee notes of total value Rs 7.4 trillion have been printed. According to SBI chief economist Soumya Kanti Ghosh, RBI is possibly keeping the supply of INR 2,000 bank notes low so that the central bank gets to balance the flow of various currency notes in the market and have a right mix.

Finance Samsung profits top estimates due to semiconductors and Galaxy S8
Author: 0 Samsung profits top estimates due to semiconductors and Galaxy S8

Companies are adding server memory capacity to expand new server platforms and cloud services and handle artificial intelligence and other emerging services. The world's biggest maker of memory chips, smartphones, and TVs is now set to smash its annual profit record after better-than-forecast performance in its mobile business lifted April-June profit slightly above its early-July guidance, analysts said.

Finance Owner Of Russia's Largest BTC Exchange Arrested - Money May Be Lost
Author: 0 Owner Of Russia's Largest BTC Exchange Arrested - Money May Be Lost

Police seized mobile phones, two laptops, and five tablets from Alexander Vinnik's hotel room. Vinnik allegedly operated a website used by many criminals to convert dirty cash into bitcoin . "We won't beat around the bush with it: Vinnik is our chief suspect for involvement in the MtGox theft (or the laundering of the proceeds thereof)".

Finance Amazon officially enters Southeast Asia, launches Prime Now in Singapore
Author: 0 Amazon officially enters Southeast Asia, launches Prime Now in Singapore

Amazon launched its Prime Now service in NY in December 2014 and has since expanded to 50 cities worldwide. As for the pricing, it is still unclear at this point. "Amazon is now late to Asia and will have to work very hard to convince online shoppers to switch with a superior customer experience", Lee said. The Singapore launch is Amazon's first entry in South-east Asia and is set to challenge the likes of Lazada and RedMart in the local market.

Finance Dollar index near 13-month low
Author: 0 Dollar index near 13-month low

The greenback briefly climbed to around ¥111.10 in the afternoon, backed partly by a rise in long-term U.S. Treasury bond yields in off-hours trading. MSCI's index of stock markets across the world .MIWD00000PUS was up 0.2 percent, while European shares .FTEU3 rose 0.5 percent. The Federal Reserve's rate announcement pushes the euro to the $1.16 mark; this figure is just around the corners of the two-year high but the euro settles on the 23-month high yestreday.

Finance Oil jumps late on bullish inventory report
Author: 0 Oil jumps late on bullish inventory report

Analysts were expecting a 2.6 million-barrel decrease. So we see that OPEC and non-OPEC cuts do matter. Consensus forecasts were for a decline of 2.7 million barrels, although the larger than expected draw in the API data overnight raised expectations of a larger decline.

Finance Tech moguls butt heads over the future of artificial intelligence
Author: 0 Tech moguls butt heads over the future of artificial intelligence

Musk, who is also the CEO of SpaceX and Tesla (: TXL-CA), came up with the idea of the Boring Company in December after he tweeted that traffic was driving him "nuts". Zuckerberg said AI could result in better diagnoses of diseases and the elimination of vehicle wrecks, and he said he did not see how "in good conscience" people could want to slow down the development of AI through regulation.

Finance Australia's headline inflation falls to 1.9 pct
Author: 0 Australia's headline inflation falls to 1.9 pct

Australia's annual rate of inflation has fallen by 0.2 percent on Wednesday, while the Consumer Price Index (CPI) rose by a mere 0.2 percent for the June quarter. "So the Reserve Bank can stay on the interest rate sidelines". "We see further scope for the AUD/USD to correct lower - out short-term regression model implies a further 2% correction lower would be justified".

Finance Pakistan fuel tanker owners end strike
Author: 0 Pakistan fuel tanker owners end strike

Oil Tankers Association has called off strike after successful negotiations with OGRA and the ministry of petroleum and natural resources. He said the oil supply will be started by four pm. The report exposed that a fake fitness certificate of the oil tanker was used by the company, and the tragedy could have been averted had the tanker been examined before departure.

Finance Burt Wealth Advisors Cuts Stake in Coca-Cola Company (The) (KO)
Author: 0 Burt Wealth Advisors Cuts Stake in Coca-Cola Company (The) (KO)

Analysts on a consensus basis have a 3.00 recommendation on this stock. Woodstock has 0.6% invested in The Coca-Cola Co (NYSE:KO). Brave Asset Management Inc owns 1.02% invested in The Coca-Cola Co (NYSE:KO) for 38,320 shares. The Company owns and markets a range of non-alcoholic sparkling beverage brands, including Coca-Cola, Diet Coke, Fanta and Sprite. The ex-dividend date was set for Tuesday the 2nd of May 2017.

Finance ITV reports slump in advertising
Author: 0 ITV reports slump in advertising

However, that fall was offset by good growth at ITV studios, which makes The Voice and Poldark . As of 08:36 BST, ITV's share price had added 2.02 percent to 180.25p, outperforming the broader United Kingdom market, with the benchmark FTSE 100 index now standing 0.44 percent higher at 7,467.18 points.

Finance Drake Get New Tattoo Lil Wayne's Face on His Arm
Author: 0 Drake Get New Tattoo Lil Wayne's Face on His Arm

He added a tattoo of his mother's face next to it, and his father's mugshot. The latest tattoo is one of many that Drake has across his body, including portraits of other artists such as Aaliyah , Sade and Skepta . He also got a matching camouflage shark tattoo with Rihanna . It was Lil Wayne who gave Drake his big break by signing him to his Young Money label back in 2009.

Finance Hyundai Kona sales to exceed 10000 units in July
Author: 0 Hyundai Kona sales to exceed 10000 units in July

The South Korean firm - which together with affiliate Kia Motors is the world's number five vehicle maker - has been betting on a gradual earnings recovery, but the plan has hit a roadblock as China's backlash over Seoul's decision to deploy an anti-missile system shows no signs of abating.

Finance Virat Kohli, Ravi Shastri bromance on test in Galle
Author: 0 Virat Kohli, Ravi Shastri bromance on test in Galle

Adds ITW Consulting director M.S. Muralidharan: "At ITW, we have ensured that we bring in some latest and most innovative in-stadia technologies in cricket and other sports to ensure fans are engaged throughout the match with a crowd facing interactive display system".

Finance UK GDP: Britain's economy expanded by 0.3% in second quarter of 2017
Author: 0 UK GDP: Britain's economy expanded by 0.3% in second quarter of 2017

The UK economy grew in line with expectations in the second three months of the year, according to official figures released on Wednesday (26 July). Meanwhile average weekly earnings grew by only 1.8 per cent. It has revised its United Kingdom forecast to 1.7 per cent from 2 per cent, while it has downgraded its USA forecast to 2.1 per cent from 2.3 per cent based.

Finance Sunny Leone gets intimate with Emraan Hashmi in 'Baadshaho' song 'Piya More'
Author: 0 Sunny Leone gets intimate with Emraan Hashmi in 'Baadshaho' song 'Piya More'

Talking about shooting for the song, Sunny Leone says, "I have been working on it with Omung (Kumar) sir and Ganesh sir". Rehearsals have already started. The film is set in the backdrop of 1975 during the emergency in India. "I'm glad that it eventually is this song that we're doing together". Sunny's look as a Rajasthani girl might have worked wonders if the song had a better theme and better dance movements.