Economy

Patanjali doubles turnover to Rs10,561 crore, to double sales in FY18

Patanjali doubles turnover to Rs10,561 crore, to double sales in FY18

Baba Ramdev's Patanjali has registered staggering growth since previous year. For the just-concluded financial year, which ended on March 31 this year, Haridwar-based FMCG company Patanjali Ayurved clocked a turnover of Rs 10,561 crore. Patanjali has strong and big product line consisting of biscuits, shampoos, noodles and dairy products and much more. The customers can expect to see new product launches from Patanjali, which will further heat up competition in the FMCG space. Read More

Continue Reading »

Japan, ASEAN countries mull ways to counter financial crises

Japan, ASEAN countries mull ways to counter financial crises

While the specific reasons for Xiao's absence were not clear, his non-attendance casts doubt over the outlook for regional cooperation among the northeast Asian powers at an event that was supposed to build deeper economic ties. Aso was referring to a proposal Japan made earlier in the day to launch bilateral foreign exchange swap arrangements with Southeast Asian nations, enabling Tokyo to provide yen funds to these countries in times of financial stress. Read More

Continue Reading »

Congress passes 1-week funding extension to avoid govt shutdown

Congress passes 1-week funding extension to avoid govt shutdown

The federal government is now funded through midnight Friday, and without a new bill government operations would partially shut down for the first time since 2013. Lawmakers have been battling over $1 trillion in spending priorities for months. While the worst possible outcome was prevented, this ongoing struggle with one of Congress's most basic functions illustrates several challenges facing the Republican Congress. Read More

Continue Reading »

4 'de-escalation' zones in Syria, says Russia

4 'de-escalation' zones in Syria, says Russia

Turkey and Russian Federation are deeply entangled in the war in Syria, including each having troops on the ground there Ankara supporting various Syrian opposition factions and Moscow backing President Bashar Assad's forces. But Syria's opposition delegation at the peace talks in Astana , Kazakhstan, where the memorandum was signed, has rejected the proposal . "Nevertheless, we will work further in this direction and try to convince them so that the countries could somehow change their ... Read More

Continue Reading »

National Football League draft: Cancer survivor James Conner stays home, drafted by Steelers

National Football League draft: Cancer survivor James Conner stays home, drafted by Steelers

The Steelers needed a backup for Le'Veon Bell and Conner can fill that role and more. Derek Watt , a 24-year-old fullback, appeared in all 16 games last season with the San Diego Chargers. He had a total of 21 catches after hauling in only nine in the three combined years before that. Smith-Schuster also likes to block, a trait that endeared him to the Pittsburgh coaching staff, though he didn't know it. Read More

Continue Reading »

Rivers start to drop, but flood crisis isn't over yet

Rivers start to drop, but flood crisis isn't over yet

Heavy rains have swollen many rivers to re. "We are trying to hold waters back as we approach the flood's crest and even more rain and storms are heading our way". At Memphis, Tennessee, while only minor flooding is forecast, the Mississippi River may remain above flood stage from the middle of next week to beyond the middle of the month. Read More

Continue Reading »

Republicans Literally Run Away When Asked If They Read Healthcare Bill

Republicans Literally Run Away When Asked If They Read Healthcare Bill

The reality is, Obamacare failed to deliver on these promises. Considering the insurance industry's history, do you trust them not to? The problems facing American families are real. President Trump congratulates jubilant House Republicans after they voted to repeal major parts of Obamacare. They tell us they're so smart and they're so good at this stuff and we're so incapable that they need to work on it, and I agree with them they need to work on it. Read More

Continue Reading »

Russia Exceeds Assigned Quota For Production Cut

United States crude output rose to 9.29 million barrels a day, the highest level since August 2015, according to the Energy Information Administration. Brent crude prices have rallied somewhat after plunging to below $47 a barrel this morning. Brent tumbled back below US$50 in the previous session and is its lowest since Jan 14. Read More

Continue Reading »

Oil pinned near 5-month low as global oversupply weighs

Oil pinned near 5-month low as global oversupply weighs

The break below $50 a barrel will likely prove temporary given that OPEC is widely expected to extend its supply deal at its meeting on May 25 beyond the June expiry date, but analysts say more price weakness can not be ruled out. The Organization of the Petroleum Exporting Countries, together with major rivals such as Russian Federation and Oman, announced on November 30 that they would cut oil output for the first six months of this year to eat into a vast global overhang of unused crude. Read More

Continue Reading »

Marks & Spencer appoints former Asda boss as new chairman

Marks & Spencer appoints former Asda boss as new chairman

In 2016 he was appointed by the Department for Business, Energy and Industrial Strategy as its lead non-executive board member. M&S in late April said it would open 34 new Food stores, and two new Clothing, Home and Food stores. He became the only FTSE 100 chief to sit as an MP after winning the Tunbridge Wells seat for the Conservatives in 1997 and quit Asda after its sale to Wal-Mart in 1999. Read More

Continue Reading »

Flynn lawyer says docs show he was forthcoming

Flynn lawyer says docs show he was forthcoming

Jason Chaffetz of Utah and the chairman of the House Oversight Committee, reported CNN . Navy Capt. Jeff Davis, a Pentagon spokesman, said then that the Defense Department was reviewing the issue. "I thank the Department of Defense for providing us with unclassified versions of these documents". President Donald Trump told Fox News on Friday that Michael Flynn was "already approved by the Obama administration at the highest level" when he was hired to serve as national security adviser ... Read More

Continue Reading »

First quarter GDP shows sharp slowdown in economic growth

Gross domestic product, the broadest measure of goods and services produced in the us, rose 0.7%, at a seasonally adjusted annual rate, in January through March, the Commerce Department said Friday. Residential spending increased at a 13.7 percent annualized rate, the most since the second quarter of 2015, compared with the prior quarter's advance of 9.6 percent. Read More

Continue Reading »

Jean-Marine Le Pen criticizes Marine for laid-back campaigning

Jean-Marine Le Pen criticizes Marine for laid-back campaigning

France's center-right party, seeking to rebound after the defeat of its presidential candidate, said on Wednesday it could share power with Emmanuel Macron if he is elected, as pollsters predict, on May 7. Le Pen, 48, was first out of the blocks after the first round of voting on Sunday, hitting the campaign trail and accusing the pro-EU centrist Macron of representing "runaway globalisation" and lacking love for his country. Read More

Continue Reading »

The New York Times fumbles photo comparison of Patriots White House visits

The New York Times fumbles photo comparison of Patriots White House visits

Another tweet from the team account adds, "the last time the Patriots won two Super Bowls in three years, 36 players visited the White House". The newspaper's post showed an Associated Press photo of the Super Bowl champions standing behind Obama on the south side of the White House from two years ago in which stairs on either side of the main group were filled with members of the National Football League organization. Read More

Continue Reading »

U.S. opens criminal investigation into Uber

U.S. opens criminal investigation into Uber

Portland authorities reported that Uber's Greyball was used to evade 16 Portland Bureau of Transportation officials and denied them dozens of rides back in December 2014, before Uber was legally approved in the city. The New York Times first revealed Uber's practice this March, leading the tech giant days later to say it would not use the system - originally created to detect fraud - to avoid scrutiny. Read More

Continue Reading »

DOJ rules not to charge officers in shooting of Alton Sterling

Landry said he has asked the Justice Department to turn over its findings to the Louisiana State Police "in order to ensure this matter is investigated by the agency with the most expertise in officer-involved shootings". The state's Attorney General says there will now be a criminal investigation by the Louisiana State Police. Civil rights activists are watching closely for clues to how the Trump administration's Justice Department intends to handle racially charged shootings by police. Read More

Continue Reading »

Puerto Rico turns to courts for debt protection

Frustrated with the Puerto Rican government, hedge funds and the Control Board tasked with sorting out the island's debt crisis, some Puerto Ricans on the US mainland protested on Monday the best way they knew how: with music and dance. Almost a year later, the law - PROMESA, signed by then-President Barack Obama on June 30, 2016 - is still plodding its way through the labyrinth of implementation. Read More

Continue Reading »

U.S. economy expands at slowest pace in Q1 since 2014

U.S. economy expands at slowest pace in Q1 since 2014

The economy stumbled at the start of 2017, expanding at its slowest pace in two years in a demonstration of the difficulty President Donald Trump will have in boosting growth to a much stronger sustained level. Government spending fell at a 1.7 percent rate as defense outlays declined at a 4.0 percent pace, the biggest drop since the fourth quarter of 2014. Read More

Continue Reading »

US oil stocks fall slightly, gasoline inventories up

The American Petroleum Institute released data that assessed USA oil inventories and displayed late Tuesday that crude stocks had fallen last week by 4.2 million barrels, nearly double the anticipated drop by analysts at Reuters . Analysts said investors were anxious that oil nations would fail to ease supply fears at a meeting later in May. Benchmark Brent crude oil LCOc1 was up 30 cents at $51.82 a barrel by 1230 GMT (8.30 a.m. Read More

Continue Reading »

Analysts Expect New York Community Bancorp, Inc

Analysts Expect New York Community Bancorp, Inc

Credit Suisse downgraded Tractor Supply Company (NASDAQ:TSCO) on Thursday, September 8 to "Neutral" rating. The stock touched 52-week High of $17.48 on 12/20/16 and 52-week Low of $13.05 on 04/26/17. The firm also recently announced a quarterly dividend, which will be paid on Friday, May 19th. Shareholders of record on Monday, May 8th will be issued a dividend of $0.17 per share. Read More

Continue Reading »

Southcross Energy Partners, L.P. (NYSE:SXE) Valuation According To Analysts

Southcross Energy Partners, L.P. (NYSE:SXE) Valuation According To Analysts

BMO Capital Markets assumed coverage on Enbridge Energy Partners, L.P.in a research report on Monday, March 6th. On 10/22/2015 Holly Energy Partners, L.P. Us National Bank & Trust De reported 0% in EV Energy Partners, L.P. (NASDAQ:EVEP). Enbridge Energy Partners, L.P. ( NYSE: EEP ) ( EEP or the Partnership) declared recently that it has concluded its planned review and taken several comprehensive actions to strengthen the Partnership's financial position and outlook. Read More

Continue Reading »

China compiles its own 'Wikipedia,' but public can't edit it

China compiles its own 'Wikipedia,' but public can't edit it

The inaugural digital version of the Chinese Encyclopaedia will, in effect, be the country's first online book of "everything". It will be made by scholars from state-run universities. China is always known for producing and promoting counter products and services and the news comes as no surprise since Wikipedia is used worldwide. "So, this initiative is to attract more users towards the state-approved content", said Taha Yasseri, a research fellow at the Oxford Internet Institute. Read More

Continue Reading »

Yum Brands shares rise after earnings beat

Yum Brands shares rise after earnings beat

Brands, Inc. shares while 286 reduced holdings. Its quick ratio for most recent quarter is 1.40 along with current ratio for most recent quarter of 1.60. That value represents a market adjusting for revenues that have been growing by 5.05 % on a quarterly year/year basis as of the company's last quarterly report. Read More

Continue Reading »