Page 2599 - Business Finance
Apple says proposed tariffs to hit a range of products
(Reuters) - Apple Inc said on Friday the proposed tariffs by President Donald Trump covers a wide range of its products, including Apple Watch and AirPods, but did not name iPhones.
Wall Street ends lower on tariff worries
NEW YORK (Reuters) - Wall Street's major indexes fell on Friday as U.S. President Donald Trump raised the possibility of additional tariffs on imports of Chinese goods and reports suggested that products from Apple Inc could be subjected to those levies.
Wall Street drops after Trump threatens further China tariffs
NEW YORK (Reuters) - Wall Street's major indexes moved lower on Friday after U.S. President Donald Trump said he had tariffs ready to impose on an additional $267 billion worth of Chinese imports, though stocks pared losses late in the afternoon.
Global Markets: World stock markets fall, trade fears and rate hikes worries weigh
NEW YORK (Reuters) - World share indexes limped towards their worst week in almost six months on Friday and trading was volatile as investors weighed solid economic data against expectations for interest rate hikes and escalating U.S.-China trade tensions.
Wall Street Week Ahead: Strong U.S. sales could ease profit worries into 2019
NEW YORK (Reuters) - A healthy outlook for U.S. revenue growth stands to soothe stock investors worried about the effect on corporate profits from tax cuts wearing off next year.
Noida RWAs discuss civic issues with MP Mahesh Sharma, MLA Pankaj Singh
Gautam Buddh Nagar MP Mahesh Sharma and Noida MLA Pankaj Singh Friday held a meeting with Noida Authority officials and representatives of all RWAs during which a nod was given for the construction of a habitat centre in Sector 94. The Noida Authority would be providing the resident welfare associations (RWAs) in five sectors 75 per cent of the total funds which should be used by the RWAs for ensuring sanitation and other services in their areas, according an official statement. "Fifty per cent of the revenue generated from the 'baraat ghars' in each sector would be given to the RWAs so that they can take care of small repairs and maintenance works in their area," the statement issued by the Noida Authority said. In the meeting, the representatives of RWAs from all sectors had put up their issues, mostly related to water supply, cleanliness of drains and installation of street lights. Sharma, who is also a Union Minister, asked the authority officials, including the chief executive ...
Exclusive: Cenovus inks deal to move more crude on Canadian National Railway - source
VANCOUVER/WINNIPEG (Reuters) - Cenovus Energy Inc , a major Canadian oil producer, has signed a deal to move more crude with the Canadian National Railway Co , a source with direct knowledge of the matter told Reuters.
U.S. job growth surges; annual wage gain largest since 2009
WASHINGTON (Reuters) - U.S. job growth accelerated in August and wages notched their largest annual increase in more than nine years, the clearest signs that the economy was so far weathering the Trump administration's escalating trade war with China.
India's forex reserves down $1.19 bn
India's foreign exchange (forex) reserves declined by $1.19 billion during the week ended August 31, official data showed on Friday.
Maruti Suzuki commences fleet testing of EVs in India
Automobile major Maruti Suzuki on Friday said that it has commenced nationwide fleet testing of electric vehicles (EVs).
Air India seeks Rs 500 cr short-term loans
National passenger carrier Air India has invited bids from banks for Rs 500-crore government guarantee-backed "Short Term Loans (STLs)".
RBI slaps Rs 1 cr penalty each on three public sector banks
The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore each on three public sector banks for non-compliance with its directions on "Fraud - Classification and Reporting".
Walmart unit asked to explain India business model after Flipkart buy
(Reuters) - India's National Company Law Appellate Tribunal (NCLAT), a local semi-judicial body, has asked a Walmart Inc unit to explain its business model in India, following an objection raised by a traders body against its $16 billion acquisition of e-commerce firm Flipkart.
Sebi bars three directors of Surana Corporation from capital market for 5 years
Sebi Friday barred three directors of Surana Corporation from the securities market and also restrained them from holding any position in any listed company for five years for misrepresentation of financial results of the firm. The regulator also ordered a director, K E Devarajan, to ensure that internal records of Surana Corporation reflect the correct data and publish forthcoming quarterly filings showing the changes. The directors -- Vijayraj Surana, S Guruswamy and K E Devarajan -- were non-independent directors of Surana Corporation Ltd (SCL) during the period of investigation (2013-15), the Securities and Exchange Board of India (Sebi) said. During the examination, Sebi found that directors were responsible for falsification of gold purchases and sales in the accounts of the company and were involved in accounting manipulations thereby created a misleading picture to influence the decision of investors dealing in the securities of Surana. The manipulation of accounts was ...
Tesla tumbles as new exits raise fresh concerns
Shares of Tesla Motors tumbled Friday as a pair of executive departures raised fresh concerns for the electric automaker already in turmoil over the erratic behavior of its mercurial chief executive Elon Musk. Tesla shares sank 7.0 per cent to USD 26.34 in mid-morning trading after chief accounting officer Dave Morton announced his exit after only a month on the job, citing the company's frenetic pace. Separately, human resources chief Gabrielle Toledano told Bloomberg she planned to exit the company, not returning from a leave of absence. Morton's departure further roiled the company which has been under heightened scrutiny since Musk's chaotic announcement on August 7 on Twitter that he was considering taking Tesla private, a plan that was reversed two weeks later. The ill-fated effort has prompted a US securities investigation and a class-action lawsuit alleging Musk was trying to punish investors who bet against the company. Morton's brief tenure with the company coincided with ...
Truckers to stage protests against spiralling fuel prices
Truckers would stage demonstrations across districts to protest against rising diesel and petrol prices, apex transporters' body AIMTC said Friday. There has been a steep hike in diesel and petrol prices in the last seven days and ever spiralling prices is utterly disappointing, the All India Motor Transport Congress (AIMTC) said in a statement. Seeking the government's immediate intervention, the body said its units have decided to stage protests across districts. Demanding rollback of the increase in prices, the AIMTC said it was hitting them adversely while the Centre has become a mute spectator. Petrol and diesel prices were Friday hiked by about 50 paise per litre each -- the steepest increase in rates since daily price revision came into effect over 14 months back -- to push rates to their highest ever. Petrol price was hiked by 48 paisa per litre and diesel by 47 a litre, according to price notification issued by state fuel retailers. A litre of petrol in Delhi now costs Rs ...
GTA urges govt for use of more jute in foodgrain packaging
The Gunny Traders Association on Friday urged the Centre to promote the usage of more jute in packaging foodgrains instead of plastics. "The association requests the Ministry of Textiles to do whatever they can do to enforce the JPMA Act 1987 in toto and bring more foodgrain items under its ambit," GTA president Amal Prashad Kshettry said here at the 93rd AGM. There is a constant "threat" of dilution of packaging order from the jute industry, which engages "some 2 lakh workers", and "four lakh farmers" survive on jute farming. The association members said gunny traders are faced with dwindling business, and owing to the Goods and Services Tax, several such small traders are forced to take an exit from the trade.
Campaign to run down electric vehicles sad: Goyal
Some companies in India are engaged in a campaign to run down electric vehicles in order to promote their hybrid cars in the country, Railway Minister Piyush Goyal said on Friday, adding that it is sad that hybrid cars are being promoted at the expense of electric cars.
Spicejet CMD calls for cut in taxes on jet fuel to boost growth
The aviation sector will witness a great growth if the government reduces taxes on the jet fuel, Spicejet Chairman and Managing Director Ajay Singh said Friday. Speaking at the Global Mobility Summit 'MOVE', Singh pointed out that India was the fastest growing aviation market in the world. "The government is trying to increase capacity in existing airports ... But if the government reduces taxes on aviation turbine fuel (ATF), then the aviation sector will witness a great growth," he said. ATF constitutes approximately 35-40 per cent of operational cost of an airline in India. Participating in the thematic session on Comprehensive Electrification & Alternative Fuels, Renault India Private Limited CEO Sumit Sawhney said that the urban mobilisation in India will grow at 9 per cent. Also participating in the debate, Niti Aayog member V K Saraswat said, "We have to be careful when we adopt lithium-ion battery technology in electric vehicles in Indian condition as temperature in some ..
Cong to bring adjournment motion in Hry assembly on rising fuel prices
Claiming that the "skyrocketing" fuel prices have broken the back of the common man, Senior Congress leader Randeep Singh Surjewala Friday said his party would bring an adjournment motion on it in the ongoing Haryana assembly session. "The Congress will bring an adjournment motion on the rising fuel prices in the assembly," Kaithal MLA Surjewala told reporters here on the sidelines of the assembly's monsoon session, which began Friday. He said the petrol and diesel prices have shot up to an all-time high and the common people, including the middle class, the farmers, transporters and small and medium class businesses men are bearing its burnt. "Diesel and petrol prices have skyrocketed. The Modi government has repeatedly increased the fuel prices over the past four-and-a-half years and earned Rs 11 lakh crore as excise duty," he said. "Similarly, the Khattar government in Haryana too has hiked VAT on petrol and diesel and earned an additional revenue of Rs 16,000," he said. He said ..