Business

From Jefferies to Edelweiss, here’s how brokerages interpret HUL – GSK deal

[ad_1] A day after Hindustan Unilever (HUL) said it was merging GlaxoSmithKline (GSK) Consumer Healthcare with itself in a transaction worth Rs 317 billion that triggered a rally in both counters on Monday, HUL and GSK Consumer gave up some of the gains on Tuesday. While HUL slipped nearly a per cent lower at Rs 1,811 levels on the NSE, GSK Consumer Healthcare, too, is trading marginally
Business

Victoria Memorial to become fully user-friendly for people with disabilities by April 2019

[ad_1] Victoria Memorial The iconic Victoria Memorial will become fully user-friendly for persons with disabilities by April next year after the completion of the ongoing renovation work, Curator of the museum, Jayanta Sengupta has said. There will be signage in Braille for 50 prime exhibits which will enable people with impairments to tour the galleries where the objects are placed, on their own, Sengupta told PTI here Monday. He was
Business

Venezuela’s Maduro says on his way to Russia to meet with Putin By Reuters

[ad_1] © Reuters. FILE PHOTO - Venezuela's President Nicolas Maduro speaks during a meeting with ministers at Miraflores Palace in Caracas MOSCOW (Reuters) - Venezuelan President Nicolas Maduro said late on Monday he was on his way to Russia to meet with Russian counterpart Vladimir Putin. Maduro wrote on his official Twitter page he was headed to an "important work meeting" with Putin. Disclaimer: Fusion Media would like to remind
Business

Which Had the Best Lithium Results in Q2?

[ad_1] We're going to compare how the lithium businesses of the three big producers that trade on a major U.S. stock exchange -- Albemarle (NYSE: ALB), Sociedad Quimica y Minera de Chile (NYSE: SQM), or SQM, and FMC Corp. (NYSE: FMC). -- performed in the second quarter.First, keep in mind these caveats: None of these companies are lithium pure plays, so their results will depend on how all their businesses perform, and qualitative
Business

China nationalism unleashes boom in Confucian schooling

[ad_1] On a misty morning in the city of Chengdu, pre-schoolers at the Wan Hui School dutifully copy Chinese characters as a teacher identifies the origins of each symbol.“We aim to cultivate global students with Chinese qualities,” said Lan Jihong, the principal and co-founder of the school and part of a vanguard of educators behind guoxue, or Chinese “national studies”, which emphasise classical Confucian teachings. “Our responsibility is to lay a
Business

Congress Lets Domestic Abuse Law Lapse in Budget Extension

[ad_1] The Violence Against Women Act first passed in 1994 and will lapse on Dec. 7 for the second time since its passage. The law would have expired Sept. 30, but an extension appeared in the stop-gap funding bill that kept the federal government operating at full capacity, according to Roll Call. The federal government’s partial shutdown may be delayed by two weeks in a bipartisan short-term compromise. The law
Business

Future of auto industry lies in car sharing, Chinese executives say

[ad_1] Without giving much detail on a plan, Feng said he favored a strategy of entering — rather than avoiding — the car sharing economy, which he said can still generate a lot of income for a company. However, such a rapid change in consumer tastes could give start-ups an advantage. Shen, formerly a director at Fiat Chrysler and Chinese automaker Geely, said traditional automakers are too focused on selling
Business

Getting health insurance through work now costs nearly $20,000

[ad_1] Although premiums have increased fairly modestly in recent years, the growth has far outpaced workers' raises over time. The average family premium has increased 55% since 2008, twice as fast as workers' wages and three times as fast as inflation, Kaiser's Employer Health Benefits Survey found. Companies pick up most of the tab, shelling out $14,100 a year, on average. Still, workers have to pay an average of $5,550,
Business

Economic chill dulls Chinese appetite for some luxury brands

[ad_1] BEIJING — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.That is jolting brands such as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods. The industry already is facing pressure to keep up as China’s big spenders, mainstays for American
Business

Uber is blocking us from disclosing its troubling practices: Ex-employees

[ad_1] Four former employees on Uber Technologies Inc.’s security team are claiming in court that the company is trying to block them from disclosing “a number of deeply troubling practices at Uber that have not been publicly revealed." The ex-employees didn’t substantiate their claim in a filing Friday in state court in San Francisco. They were responding to last week’s complaint by the ride-hailing giant accusing
Business

Rajasthan election LIVE Updates: PM Modi to address mega rally, hold roadshow in Jaipur today

[ad_1] Rajasthan election LIVE Updates: PM Modi to address mega rally, hold roadshow in Jaipur today Rajasthan election 2018 LIVE Updates: With two days left for campaigning for Rajasthan Assembly elections, campaigning has intensified further with both BJP and Congress deploying its heavyweights. On Tuesday, Prime Minister Narendra Modi will address an election rally in Jaipur. Modi will address a joint rally of 13 Assembly segments of Jaipur district at
Business

US, India defence ministers reaffirm strong security ties

[ad_1] US Secretary of Defence James Mattis met with Indian Minister of Defence Nirmala Sitharaman at Pentagon on Monday, highlighting security cooperation between Washington and New Delhi. The US and India have made meaningful progress advancing bilateral defence cooperation over the past year, Mattis said in a statement issued by Pentagon, reports Xinhua news agency. Mattis stressed the inaugural US-India "2+2" Ministerial Dialogue, which was held in September in New
Business

NZ ramps up diplomatic presence in Pacific where China influence rising By Reuters

[ad_1] NZ ramps up diplomatic presence in Pacific where China influence rising WELLINGTON (Reuters) - New Zealand will send 14 new diplomats to the Pacific region next year, Foreign Minister Winston Peters said on Tuesday, the latest move by Western governments to counter China's growing influence in the strategic region. The additional staff will be based in Samoa, Tonga, Fiji, Vanuatu, Papua New Guinea, Solomon Islands, Kiribati, and the U.S.
Business

How companies are helping with Florence recovery

[ad_1] Early estimates show that Hurricane Florence has left a $22 billion path of devastation in its wake, with $2.5 billion in insured losses so far. At least 33 people have died in storm-related incidents. Hundreds of thousands of people are still without power in North Carolina, and flooding remains at dangerous levels.Corporations have stepped up to stem the pain and are donating tens of millions of dollars to the
Business

Brussels sets out plans for euro to challenge dollar dominance

[ad_1] Brussels is to set out plans to increase the use of the euro in “strategic sectors” such as energy, commodities and aircraft manufacturing, in a bid to challenge the dominance of the US dollar as the world’s reserve currency.The European Commission will on Wednesday publish a blueprint to promote a “stronger international role” for the euro, saying policies pursued by Donald Trump have underlined the need to increase the
Business

Blood Pressure Drug Recall: Losartan, Valsartan, Amlopidine

[ad_1] If it seems like there have been a lot of blood pressure medicine recalls, well, that’s because there have been. The United States Food and Drug Administration (FDA) has been keeping track of blood pressure drugs recalled voluntarily, and so has Fortune. Among the hypertension medication names consumers need to know are losartan, valsartan, amlopidine, irbesartan, and hydrochlorothiazide. By now, the list has grown to more than half a
Business

Quora says hackers stole information on as many as 100 million users

[ad_1] Quora, the popular question-and-answer website, said Monday evening that hackers broke into one of its systems and compromised information from approximately 100 million users. CEO Adam D'Angelo said in a blog post the company discovered last week that a malicious third party had gained unauthorized access to one of its systems. Account information, including names, email addresses and encrypted passwords, may have been illegally accessed, according to the post.
Business

Bumble to expand to India with the help of actress Priyanka Chopra

[ad_1] Bumble, which requires women to make the first move, announced Wednesday plans to launch in India later this year. Indian celebrity Priyanka Chopra, a new investor in the company, will advise on the expansion.The news comes less than a week after rival Tinder launched a My Move feature in India that gives women the option to prevent men from initiating a conversation.But Bumble's efforts for an expansion in India
Business

Economic chill dulls Chinese appetite for some luxury brands

[ad_1] BEIJING — The designer boutiques of Manhattan and Paris are feeling the chill of a Chinese economic slowdown that has hammered automakers and other industries.That is jolting brands such as Louis Vuitton and Burberry that increasingly rely on Chinese customers who spend $90 billion a year on jewelry, clothes and other high-end goods. The industry already is facing pressure to keep up as China’s big spenders, mainstays for American
Business

Quora hit by security breach, hackers steal up to 100 million users’ data

[ad_1] About 100 million users of Quora were affected by unauthorized access to one of its systems by a "malicious third party," the knowledge-sharing website said on Monday. Account information, including name, email address, encrypted password and data imported from linked networks when authorized by users may have been compromised, it said. The company said it is logging out all Quora
Business

Modi govt kickstarts process of making Budget 2019, the last one before crucial Lok Sabha elections

[ad_1] The BJP-led NDA government on Monday officially kickstarted the making of the Union budget, the last one before the general elections next year. (Photo from PTI) The BJP-led NDA government on Monday officially kickstarted the making of the Union budget, the last one before the general elections next year. This budget, which will be an interim one, is crucial for the government as it offers one last opportunity to
Business

Rahul Gandhi suffers from memory loss: Narendra Modi

[ad_1] HYDERABAD: Mocking Rahul Gandhi as a person suffering from memory loss, Prime Minister Narendra Modi said the Congress president had campaigned during the Karnataka elections that the Janata Dal(S) was acting as the B team of the BJP, but later joined hands with the same party to form the government there. “The problem with this Naamdhar (Rahul Gandhi) is that he doesn’t remember what he said yesterday, what, where
Business

Yamana Gold, other Canadian miners, lag in Shareholders Gold Council study – Barrick Gold Corporation (NYSE:ABX)

[ad_1] Yamana Gold (NYSE:AUY) posted a negative 73% total shareholder return in the past five years, the worst among 17 large companies analyzed in the first report issued by Shareholders Gold Council, a group formed this year by John Paulson and other large investors who are upset with gold miners’ share prices. The group wants management to invest alongside shareholders, and believes the ownership to compensation ratio for either CEOs
Business

Red Wings’ Bertuzzi suspended two games By Reuters

[ad_1] © Reuters. FILE PHOTO: NHL: Detroit Red Wings at Boston Bruins Detroit Red Wings forward Tyler Bertuzzi was suspended two games by the NHL for roughing and unsportsmanlike conduct, the league's Department of Player Safety announced Monday. Bertuzzi delivered a punch to the face of Colorado forward Matt Calvert when the latter was tangled up near the Detroit bench during Sunday's game between the Avalanche and Red Wings. Calvert
Business

Will Amazon’s New Sub Sink Sonos?

[ad_1] Amazon.com (NASDAQ: AMZN) appears to be beefing up the sonic experience of its Echo line of digital assistants and smart speakers, giving Sonos (NASDAQ: SONO) and its investors something else to worry about. The Verge is reporting that Amazon has leaked a new subwoofer on its U.K. website, giving its Echo products greater versatility as a stereo or home theater appliance. The new Echo Sub can be wirelessly paired up with
Business

Trump’s top economic adviser raises hopes on China trade talks

[ad_1] Donald Trump’s top economic adviser has raised hopes of rapid progress with China on trade talks, saying he was seeing “tremendous urgency”. But beneath his bullish assessment lay a host of unanswered questions. Larry Kudlow said in a briefing with reporters on Monday that a formal process would soon be set up between the two countries following a truce announced by President Trump and his Chinese counterpart Xi Jinping,
Business

Oregon May Vote in 2020 to Legalize Psychedelic Mushrooms

[ad_1] Oregon’s Secretary of State this month approved language for a ballot initiative that would make psychedelic mushrooms legal among licensed therapists. The ballot initiative would make it legal for licensed people to produce, administer, and possess psilocybin mushrooms. It would also reduce criminal penalties for possessing it. Psilocybin is a Schedule I drug, defined as one with no medical use and the high potential for abuse. Possession of psilocybin
Business

Salesforce co-CEO Keith Block was skeptical of MuleSoft deal

[ad_1] Keith Block, the co-CEO of Salesforce, said on Monday that he had "some healthy skepticism" about buying MuleSoft before his company acquired the software business for $6.5 billion in March, its largest deal ever. MuleSoft's technology helps companies connect data that's stored in disparate systems, some in the cloud and some in legacy on-premises software. It's a very different market from Salesforce's core business of providing customer relationship management
Business

The internet industry is suing California over its net neutrality law

[ad_1] The internet industry is suing the state of California over its days-old net neutrality law. The lawsuit, filed on Wednesday by major trade groups representing broadband companies, is the second major lawsuit filed against the state over the law — the first was brought by the Justice Department. On Sunday evening, California Governor Jerry Brown signed what is considered to be the strictest net neutrality law in the country.
Business

A CMI Solar Receiver Will Equip the World’s Tallest Solar Tower in Dubai

[ad_1] SERAING, Belgium — After its commercial success in China for the design and supply of a thermal solar receiver at Haixi, CMI has just been awarded a new contract for engineering and supplying a receiver for the Mohammed bin Rashid al Maktoum solar park (Dubai). This huge concentrated solar power (CSP) project named after the Emir of Dubai, is the centerpiece of Dubai’s ambitious goal of generating 75% of
Business

Crisis-hit IL&FS will create new non-performing loans, says Moody’s

[ad_1] Rating agency Moody's said the default by IL&FS and its group entities would result in new non-performing loans (NPLs) for lenders. The operating firms are expected to have smaller losses, given the default on average, compared to those at the holding company. This is because lenders to operating companies have the first right to cash flows from operating assets. A majority of public sector banks have
Business

Dubai clears decks for Agusta middleman’s extradition

[ad_1] NEW DELHI: The Ministry of Justice of Dubai has completed the formalities to effect the extradition of Christian Michel, the alleged middleman in the VVIP chopper scandal. With Dubai’s highest court turning down Michel’s appeal against his extradition last month, the Indian government has upped the ante in bringing Michel to India, said people with direct knowledge of the matter. They indicated that Michel is likely to be brought
Business

China’s central bank chief says will keep monetary policy flexible By Reuters

[ad_1] © Reuters. China's Central Bank Governor Yi Gang speaks during a conference in Budapest SHANGHAI (Reuters) - China's central bank will keep its monetary policy flexible and appropriately adjust it according to changes in the country's economic situation, bank governor Yi Gang said in a magazine article published late on Monday. Yi said that tools he described as a "slow release of air" and "soft landing" must be used
Business

A $10 billion marijuana producer just spun off its venture arm in the hopes it will become the ‘Google Ventures of cannabis’ (RIV)

[ad_1] Blair Gable/ReutersCanopy Rivers, the venture-capital arm of Canopy Growth, made its debut on the Toronto Stock Exchange Thursday morning at $10.75 per share — sinking 18% in trading to close at $8.75. The company, which makes minority investments in burgeoning marijuana companies, in an attempt to become the "Google Ventures of cannabis," found its way onto the exchange via a reverse takeover with a company formerly known as AIM2 Ventures.Canopy
Business

China vulnerable in war with US over computer chips

[ad_1] Xi Jinping, the Chinese president, visited a memory chip plant in the city of Wuhan earlier this year. In a white lab coat, he made an unexpectedly sentimental remark, comparing a computer chip to a human heart: “No matter how big a person is, he or she can never be strong without a sound and strong heart”.China’s ambitions to be a leader in next-generation technology, such as artificial intelligence,
Business

Judge Approves Subpoenas in Trump Hotel Lawsuit

[ad_1] U.S. District Court Judge Peter J. Messitte on Monday approved subpoenas filed by the attorneys general of Washington D.C. and Maryland in a case alleging President Donald Trump profited off of the presidency, the Associated Press reports. The records that are scheduled to be seized in discovery stand to offer a more clear picture of the finances for Trump’s D.C. hotel, according to the AP. The two attorneys general
Business

Luka Modric just won the Ballon d’Or, beating out Cristiano Ronaldo

[ad_1] In July, the world watched in awe as Croatia battled their way through the 2018 FIFA World Cup and made it to country's first ever championship. Though Croatia lost to France in the finals, the team's accomplishments were widely celebrated, and much of the team's success can be attributed to the nation's "Golden Generation," a group of powerhouse players like Barcelona midfielder Ivan Rakitic, Juventus striker Mario Mandzukic and
Business

Barnes & Noble stock soars 20% as it explores a sale Barnes & Noble stock soars 20% as it explores a sale

[ad_1] The board said Wednesday it had appointed a special committee to review offers. One came from longtime Barnes & Noble chairman Len Riggio. He is the company's largest shareholder, controlling close to 20%.Barnes & Noble (BKS) also disclosed that a shareholder it could not identify had rapidly built up a stake in the company. To block a hostile takeover, Barnes & Noble's board of directors approved what's known as
Business

Back from the dead: Notley’s oil cut sends Canadian crude prices, energy stocks skyrocketing

[ad_1] Alberta Premier Rachel Notley’s announcement that her province would be cutting crude production by 325,000 barrels per day sparked a rally in Canadian oil prices Monday, giving energy investors a reprieve after months of pain.Notley said on Sunday that Alberta would be cutting crude production by 8.7 per cent beginning in January in an attempt to deal with the massive oversupply that led to Canadian oil being traded at
Business

Navy encashes bank guarantees as Reliance Naval fails to deliver vessels

[ad_1] Chief of Naval Staff Admiral Sunil Lanba revealed on Monday that the Navy has encashed bank guarantees provided by Reliance Naval and Engineering (RNaval), after the latter failed to deliver even the first of five naval offshore patrol vessels (NOPVs), which were supposed to be delivered between November 2014 and November 2016. Answering a question from the press in New Delhi about preferential treatment to
Business

IT’s all about ideas – The Financial Express

[ad_1] Over the years the competition has thrown up some hidden gems; small start-ups that could one day become unicorns. From TCS and Infosys, Google to Microsoft and Flipkart to Paytm, they’ve all been part of the Express IT awards. This time around in what is the sixth edition of the competition, the entries once again poured in from all corners of India Inc. From heavyweights to minnows, more than
Business

To hire US graduates, Indian IT firms go straight to source

[ad_1] PUNE: With Indian IT firms doubling down on hiring fresh graduates in the US, the location of engineering colleges they want to hire from has become an important factor in determining where they set up their facilities. For instance, Persistent Systems chief executive Anand Deshpande said: “Access to universities like NC State, Duke and UNC was important when setting up our centres in Morrisville, North Carolina and Columbus, Ohio.”
Business

Amazon just accidentally leaked details about 2 new Alexa devices ahead of an event today

[ad_1] Listings for an Amazon Echo Sub subwoofer and an Amazon Smart Plug were leaked ahead of a company event on Thursday.The subwoofer is designed to work with Amazon's Echo speakers, which would also get stereo sound functionality, according to the leaked listings on Amazon UK first spotted by the website Pocket-lint.The Amazon Smart Plug would give basic Alexa functionality to devices plugged into it.The devices could become available on