Page 1674 - Business Finance
Marriott's Starwood database hacked, 500 million may be affected
(Reuters) - Marriott International Inc said on Friday that hackers accessed about 500 million records in its Starwood Hotels reservation system in an attack that began four years ago, exposing personal data of customers including some payment card numbers.
Massive, extended data breach within Marriott's hotel empire
A security breach inside Marriott's worldwide hotel empire has compromised the information of as many as 500 million guests, exposing in some cases credit card numbers, passport numbers and birthdates, the company said Friday. Alarming security analysts, Marriott said that unauthorized access to data within its Starwood network has been taking place since 2014 in what may be among the largest data breaches on record. Marriott acquired Starwood in 2016 and the process of merging its computer system with Starwood computers has been marred by technical glitches. The company said credit card numbers and expiration dates of some guests may have been taken. For as many as two-thirds of those affected, data exposed could include mailing address, phone number, email address, passport number, Starwood Preferred Guest account information, date of birth, gender, arrival and departure information, reservation date and communication preferences. For some guests, the information was limited to name
Exclusive: EU to probe deeper into Vodafone, Liberty Global deal: source
BRUSSELS (Reuters) - EU antitrust regulators are likely to launch a full-scale investigation into Vodafone's $21.8 billion purchase of Liberty Global's assets in Germany and eastern Europe, a person familiar with the matter said.
India's April-October fiscal deficit crosses 103% of target
India's budgetary fiscal deficit for the April-October period at Rs 6.49 lakh crore has exceeded the target for the full fiscal, accounting for 103.9 per cent of the budgeted target of Rs 6.24 lakh crore, mainly owing to slow revenue growth during the period under consideration, official data showed on Friday.
Massive, extended data breach at Marriott's Starwood hotels
The information of as many as 500 million guests at Starwood hotels has been compromised and Marriott said that it's discovered that unauthorised access within its Starwood network has been taking place since 2014. The company said Friday that credit card numbers and expiration dates of some guests may have been taken. For as many as two-thirds of those affected data exposed could include mailing address, phone number, email address, passport number, Starwood Preferred Guest account information, date of birth, gender, arrival and departure information, reservation date and communication preferences. For some guests, the information was limited to name and sometimes other data such as mailing address, email address or other information. "We fell short of what our guests deserve and what we expect of ourselves," CE0 Arne Sorenson said in a prepared statement. "We are doing everything we can to support our guests, and using lessons learned to be better moving forward." Email ...
Gold dips as dollar firms; palladium breaches $1,200/oz mark
BENGALURU (Reuters) - Gold fell on Friday as the dollar strengthened ahead of the trade talks between the U.S. and Chinese leaders at the G20 summit, while palladium prices crossed the key $1,200 per ounce mark for the first time.
Vodafone-Idea AGM on Dec 22 to ratify appointment of CEO, other directors
The first shareholder meeting of recently-merged Vodafone-Idea will be held on December 22 that among other things will ratify the appointment of Balesh Sharma as its chief executive for a monthly salary of up to Rs 31.8 lakh. In a regulatory filing on Friday, the company said that its 23rd Annual General Meeting (AGM) will be held on December 22, to seek shareholders' nod on appointment of Balesh Sharma as the Chief Executive Officer of the company for a period of five years with effect from August 31, 2018. Besides remuneration of Rs 31.8 lakh that includes basic salary and flexible allowance, Sharma would also be entitled to benefits and perks, annual incentive plan and long term incentive plan. Other resolutions pertain to appointment of D Bhattacharya, Ravinder Takkar, Thomas Reisten, Vivek Badrinath as non executive directors. Vodafone-Idea, the new entity that emerged from the amalgamation of India operations of the UK's Vodafone plc and Idea Cellular, is now the largest ...
FPIs put in Rs 10,925 cr in equity, debt instruments in Nov: Garg
Foreign investors have put in Rs 10,925 crore in equity and debt instruments in November, Economic Affairs Secretary Subhash Chandra Garg said Friday. "Foreign Portfolio Investors have returned to invest in equity and debt quite strongly in November. FPIs investment at (Rs) 4,786 crore in equity and (Rs) 6,139 crore in debt, together at (Rs) 10,925 crore, is the highest during the financial year," Garg tweeted. He hoped that stronger flow will continue in the coming months. The recent inflows come after a net outflow of more than Rs 38,900 crore in October, which was the steepest withdrawal in nearly two years. FPIs pulled out over Rs 21,000 crore from capital markets (both equity and debt) in September. Before that, they had put in Rs 7,500 crore in July and August.
Jet Airways to launch direct Pune-Singapore flight from Dec 1
Private carrier Jet Airways Friday said it will start a direct flight to Singapore from Pune starting Saturday, which is expected to further boost growth in traffic between the Maharashtra city and the neighbouring areas to the island country. With the launch of the daily service on the new route, Jet Airways will become the largest domestic carrier with nine daily services to and from the island city-state, airline chief executive officer (CEO) Vinay Dube said here. "Jet Airways is the first and the only carrier to provide direct connectivity between Pune and Singapore. With our existing six daily services over our hubs in Mumbai, Delhi and Bengaluru, we will soon launch additional frequencies over the next week," Dube said in a statement. It will help increase Jet Airways reach into Singapore with nine daily direct services - making Jet Airways the largest Indian operator of flights to and from Singapore, he said. Jet Airways also announced special 'introductory' ...
Healthcare takes centre-stage in policy narrative: Niti Aayog
Healthcare has taken centre-stage of the policy narrative, and there is a need for breaking silos between various stakeholders in the health space, Niti Aayog Vice Chairman Rajiv Kumar said Friday. Kumar, while addressing Niti Aayog's 'Dialogue on Health System for New India', further said that POSHAN Abhiyan and Ayushman Bharat can be an innovative model to view integrated health systems. Speaking at the same event, Niti Aayog CEO Amitabh Kant said it is time to bring the patient to the centre of healthcare narrative. The time has come to evolve a world-class health system, which is transformative and uniquely Indian, Kant added. "It is estimated that if the required decisions in terms of creating a functioning health system are taken then it shall reduce adult deaths by up to 16 per cent by 2030, thereby increasing economic growth up to 32 per cent," an official statement said. It is also estimated that breaking programmatic silos and integration of various schemes within a systems .
SC asks DoT to give NoC to RCom on Rs 1,400 cr corporate guarantee
The Supreme Court Friday asked the Department of Telecom to give a no-objection certificate (NoC) to Reliance Communications to sell its spectrum to Reliance Jio, provided a corporate guarantee of Rs 1,400 crore is furnished by its group firm in favour of government by December 2. A bench headed by Justice R F Nariman said the NoC would be given to Reliance Communications Ltd (RCom), a Anil Ambani group firm, by the DoT if Reliance Realty furnishes the corporate guarantee within two days. After the corporate guarantee is furnished, the DoT would grant NoC within seven days thereafter, it said. The order came on a petition filed by the DoT against the order of Telecom Disputes Settlement and Appellate Tribunal (TDSAT) which had allowed RCom to sell spectrum to Reliance Jio without providing the bank guarantee of around Rs 2,900 crore to the DoT. The TDSAT, in its last month order, had rejected DoT's plea seeking bank guarantee of around Rs 2,900 crore before it permits sale of RCom ...
SC orders DoT to clear RCOM's spectrum trade deal; RCOM shares up 12%
The Supreme Court on Friday ordered the Department of Telecommunications to grant a no-objection certificate to Reliance Communications's (RCOM) spectrum trading deal within seven days.
Wall Street treads water ahead of high-stakes U.S.-China trade meeting
(Reuters) - U.S. stocks treaded water on Friday heading into a U.S.-China trade meeting on the sidelines of the G20 Summit, whose outcome would decide the fate of the ongoing trade dispute that has roiled financial markets.
High oil prices, higher base led to lower growth rate: FinMin
The government on Friday attributed the slowdown in India's GDP growth rate during the second quarter of 2018-19 to a higher base effect, higher import bill on account of oil prices and weakening of the rupee.
Improving compliance, tax-GDP ratio to be priority: New Revenue Secretary
Ajay Bhushan Pandey, who took over as Revenue Secretary on Friday, said his priority would be to improve tax-to-GDP ratio in the country and to simplify laws and procedures to improve compliance.
Don't undermine EU trade stance, Merkel ally warns German car chiefs
BERLIN (Reuters) - A top ally of Chancellor Angela Merkel warned German car bosses on Friday not to undermine the European Union's united negotiating stance on U.S. trade tariffs when they meet senior officials in Washington next week.
Wall Street Week Ahead: Trump-Xi meeting puts stock market on edge
NEW YORK (Reuters) - Trade tensions that have clouded Wall Street's outlook for more than eight months will come to a head this weekend at a global political summit, with investors bracing for a range of outcomes that stand to influence stocks for the rest of the year.
Chidambaram mocks new GDP estimates, says UPA years best
Ridiculing the official back-series estimates for India's GDP as a "puzzle", former Union Finance Minister P Chidambaram on Friday wondered how growth during the Narendra Modi government is pegged higher when all other economic parameters pointed downwards.
Philippines finds interest in jackfruits of Jharkhand
Philippines on Friday evinced interest in collaborating with Jharkhand in the trade of jackfruit, which the state produces in abundance. Philippines is famous for producing coconut, pineapple, banana, rice and sugar cane and also developing cocoa and coffee, Deputy Chief of the country's embassy, Arvin R D Leon, said. "Jharkhand produces jackfruit in huge quantity. Jackfruit is very popular in Philippines also. The supply falls short of demand. This could be one area of collaboration and cooperation," Leon said. Leon is speaking on the concluding day of the two-day Global Agriculture & Food Summit. Philippines is one of the five partner countries of the summit. Mongolian Aambassador Gonchig Gambold stressed on cooperation with India in the sectors of information and communication technology. "Mongolia is a small country but it is surrounded by big markets and it has short route to both Europe and Asia, so it also has a huge market for agriculture and food industry,"
India's GDP rate disappoints, down from 8.2% in Q1 to 7.1% in Q2
India's latest Gross Domestic Product (GDP) growth figures came as a disappointment after it came down from 8.2%, registered in the first quarter (April-June) of the year 2018, to 7.1% in the second quarter (July-September). The present GDP figures do not meet the market expectations even though the union government said that 7.1% represents a sizable jump from last year's Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India's economic growth."The growth rate estimates of GDP at Constant Prices for July-September 2018 stand at 7.1%. These estimates represent a sizable jump from last year's Q2 growth rate estimates of 6.3%, indicating sustained acceleration in India's economic growth," the Central Statistics Office (CSO), Ministry of Statistics and Programme Implementation said on Friday.It added that the CSO estimates state that GDP at constant prices was Rs. 33.98 lakh crores for Q2, 2018-19, which is a marked increase from of Rs. 31.72 lakh crores and Rs. ...