Page 1239 - Business Finance

Tata Motors launches SUV 'Harrier'

Automobile major Tata Motors has launched its new SUV "Harrier" at a starting price of Rs 12.69 lakh, ex-showroom Mumbai.

Wall St mixed as shutdown, trade tensions dampen upbeat earnings

(Reuters) - Wall Street struggled for direction on Wednesday, as early gains driven by a spate of upbeat earnings were offset by concerns about a potential economic downturn, trade tensions and longest government shutdown in U.S. history.

Oil down on U.S. stock market weakness, rising U.S. supply

NEW YORK (Reuters) - Oil prices fell on Wednesday, following most U.S. stock markets lower, on concerns about global economic weakness, forecasts for record U.S. shale production and declining U.S. gasoline prices.

Unwinding a Big Short: Sterling finds even keel as Brexit endgame plays out

LONDON (Reuters) - Selling pounds has been a favourite game of the $5.1 trillion-a-day global currency market for over two years. But as the Brexit endgame plays out and 'worst case' scenarios ebb, market metrics and dynamics show sterling may have weathered the storm.

Indian Navy organises workshop to encourage MSMEs as part of Make in India

A workshop on industrial support for Indian Naval Ships based at Karwar was conducted on Tuesday at the Naval base here.Organised by Headquarters Karnataka Naval Area and chaired by Rear Admiral KJ Kumar VSM, Flag Officer Commanding Karnataka Naval Area, the workshop was attended by a total of 150 delegates from all over the country which also included Senior Officers from Naval Headquarters and Western Naval Command, read a statement.The aim of the workshop was to broaden the horizon of industries based in and around Karwar, by way of providing an opportunity to participate in repairs and maintenance of shipborne equipment.As a part of this workshop, a series of presentations were shown to the delegates which covered diverse nature of equipment fitted onboard Indian Naval ships and bringing out the opportunities for their repair and maintenance were highlighted, the statement further read.During the workshop, all the delegates were explained the procedure for vendor registration with

SA Minister visits India to strengthen tourism ties

South African Minister of Tourism Derek Hanekom visited India along with Chief Executive Officer of South African Tourism, Sisa Ntshona, to engage with key representatives of the travel and tourism ecosystem in an ongoing effort to strengthen tourism ties between the two nations.Hanekom was accompanied by Consul General of South Africa, Maropene L Ramokgopa.He reiterated his commitment to enhance destination marketing support in India, which has consistently been among the top 10 source markets for South Africa.According to a press release, the delegation shared a positive outlook for the Indian market, noting that as of June 2018, total spend by Indian travellers in South Africa had increased by 20 per cent and that there was an upswing in the average length of stay (+7.7 per cent) and total bednights (+4per cent)."We want 2019 to be the year of the great leapfrog for tourism from India. The growth in total spend and the average length of stay signifies that Indians travelling to ...

Railways begin mega recruitment process, 10 % vacancies reserved for EWS

In line with the mega recruitment process for 1,51,548 employees initiated 14 months ago, Indian Railways will initiate fresh recruitments of 2,30,000 more employees under various cadres of Indian Railways, over the next two years in two phases.In line with the vision of Prime Minister Narendra Modi, Indian Railways is consistently expanding its workforce to match the manpower requirements of new projects and increase the overall efficiency of the entire railway network.These recruitment drives will fix long-standing issues of overtime work, delay in project implementation, low efficiency, and constraints on upgradation. With the increase in investment in Railways being threefold since 2014, recruitment needs have also increased, which will lead to job-led growth and expansion of Indian Railways.Presently, Indian Railways has a sanctioned strength of 15,06,598 employees. Out of these, 12,23,622 personnel are on roll. The remaining 2,82,976 are vacant posts. Recruitment for 1,51,548 ...

Japan Airlines announces non-stop Tokyo-Bangalore flights

Japan Airlines (JAL) on Wednesday announced the launch of a new non-stop service between Narita airport in Tokyo and Bangalore, during the summer of 2020.According to a press release from JAL, as direct flights are currently not in service from Japan, the launch of this route will provide customers from North America a new option when traveling to the southern region of India. Through the expansion of JAL's international network, the carrier is looking to contributing to the further development and economic growth in both countries."In order to realize the JAL Vision1, as introduced in the JAL Group Medium Term Management Plan, the carrier will continue expanding its network in order to become the world's most valued and preferred airline," the press release stated.

Barclays cuts U.S. first quarter GDP growth view to 2.5 percent

NEW YORK (Reuters) - Barclays economists said on Wednesday they reduced their outlook on U.S. economic growth in the first quarter to an annualised rate of 2.5 percent from an earlier projection of 3.0 percent as a result of the historically long federal government shutdown.

ANA to expand India routes with addition of Chennai Flight

All Nippon Airways (ANA) is taking steps to meet growing demand in Asia by expanding its routes to include the first direct flight from Japan to Chennai, India.Set to begin in winter 2019, the flight will mark a decisive move towards Asia-Oceania for ANA as the airline looks to capitalise on massive growth across the region. The addition of Chennai brings the total number of ANA destinations to 46."ANA projects international passenger flights to be a large driver of revenue in 2019 and beyond and has selected key cities for its latest routes. Both cities represent vibrant economic hubs that were previously under-serviced by Japanese carriers. While prospects are good in the short term, future growth projections offer a reason to hope for even greater returns. By building an early base of support, ANA aims to retain market share as these cities grow and become more important on the global stage," a press release stated.ANA General Manager India, Yasuo Taki said, "Our strategic vision ..

Petrobras rejects latest EIG-backed bid for oilfields: sources

RIO DE JANEIRO (Reuters) - Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process.

P&G bets on demand for high-end fabric, skin-care products

(Reuters) - Procter & Gamble Co raised its sales forecast for the year on Wednesday after quarterly results topped Wall Street expectations, boosted by price hikes and strong demand for premium fabric and skin care products.

Gold edges lower as China stimulus hopes rekindle risk appetite

(Reuters) - Gold eased slightly on Wednesday, as a recovery in stocks driven by hopes of further stimulus measures from China provided respite to investors concerned about a slowdown in the global economy.

China says it can achieve sustainable economic growth

DAVOS, Switzerland (Reuters) - China's economy can maintain sustainable rates of growth despite global uncertainties, Vice President Wang Qishan said on Wednesday, days after the world's second-largest economy posted its weakest expansion in nearly three decades.

United Spirits net up 42% in third quarter

United Spirits Ltd on Wednesday reported Rs 192 crore standalone net profit for the third quarter of fiscal 2018-19, registering 42 per cent annual growth from Rs 135 crore in the same period a year ago.

World failed to eliminate tax havens post 2008 crisis: Spain PM

The world failed to eliminate tax havens as it set its sights lower after the danger of the 2008 financial crisis had passed, Spanish Prime Minister Pedro Sanchez said Wednesday. In a special address at the World Economic Forum Annual Meeting here, he warned that the world is in danger of forgetting the lessons that were learnt from the financial crisis of 2008. "Once the danger had passed, we set our sights lower," he said, citing the failure to eliminate tax havens as an example. Sanchez became Spain's prime minister in June 2018. Meanwhile, Spain is set to topple Japan from its top spot in the longest life expectancy charts. By 2040, Spaniards can expect to live to an average age of 85.8 years, with many people attributing this to a healthy diet rich in fish and olive oil.

Analysis: Why Davos is talking about the fight between two absentees

DAVOS, Switzerland (Reuters) - The two most powerful men in the world are not in Davos this year, but they remain impossible to escape.

Infosys to turn enterprises digital on HPE model

Global software major Infosys would speed up digital makeover of enterprises using the HPE's consumption-based IT model, said the tech behemoth on Wednesday.

Global Markets: Stocks turn lower on U.S. shutdown, growth, trade worries

LONDON, Jan 23 (Reuters) - A global index of stock markets turned negative on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports. The U.S. dollar and oil prices also declined.

Emerging markets have 20 pc youths without job, education or training: Lagarde

An average of 20 per cent young people in emerging markets neither have access to education, nor a job or training, IMF Managing Director Christine Lagarde said Wednesday. Speaking at a session on 'Finding future jobs' at the World Economic Forum Annual Meeting here, she also cited the example of India to drive home a point that a huge rush for job openings at railways showed that a big pool of talent is available at some places. "In emerging countries we find 20 per cent of young people neither have access to education nor employment nor training. Besides, 18 per cent are unemployed," she said citing data. "Indian Railways announced 60,000 jobs and 20 million applied. That gives an idea of the magnitude of the pool of talent that is available. "It doesn't mean all of them would have been unemployed as there might be people looking for a change or better job opportunities. And we are not talking about a country that is growing very slow, as India is a country that is expected to grow .