Money

India's Ola said to raise $2 billion from SoftBank, Tencent

India's Ola said to raise $2 billion from SoftBank, Tencent In fact, it has just reached the second level. As per a report by Business Standard , apart from all the other funding that Ola can receive, the UC-RNT Fund, a born of a partnership between former Tata Sons chief Ratan Tata and the University of California's investment arm, could plough $50 million into Ola. [Full Article...]

Berkshire Hathaway Buys Stake in Pilot Flying J Travel Centers

Haslam's brother, Bill, also a billionaire who used to be the company's president, is not governor of Tennessee. In a statement , Buffett praised the company's "smart growth strategy". "So it's not unusual for us to take a partner on". Investing icon Warren Buffett told CNBC on Tuesday that his Berkshire Hathaway empire is holding off on selling to see how the tax reform situation pla... [Full Article...]

New Equifax CEO could get $3 million payday

New Equifax CEO could get $3 million payday But late yesterday, Equifax disclosed that an additional 2.5 million Americans are potentially affected by the massive breach, bringing the company's revised estimate to 145.5 million USA consumers. "I understand that your company has to sustain business, has to make money, but it would seem to me that you might pay a little bit more attention to security if you had to pay every account that g... [Full Article...]

Arizona Cardinals: Offense can't settle for field goals

Arizona Cardinals: Offense can't settle for field goals Carlos Hyde followed with a catch all the way to the Cardinals 5-yard line . The people who are protesting (peacefully, as it is very important to keep in mind) do not do so out of malevolence for America, but rather out of a vision for her future - a vision where we are all afforded equal rights and no one faces discrimination because of the way they were born. [Full Article...]

Walmart Acquires New York Delivery Company Parcel

Walmart Acquires New York Delivery Company Parcel What's more, same-day delivery is a way for Walmart to get more business from New York City customers, a market of 8.5 million people that doesn't have a single Walmart location. Nate Faust, svp/U.S. e-commerce supply chain, Walmart, stated that delivery is a top and increasingly important consideration for today's online shoppers, demanding speed, flexibility, and reliability. [Full Article...]

New Uber boss to hold crunch talks with TfL in licence dispute

New Uber boss to hold crunch talks with TfL in licence dispute Uber chief executive Dara Khosrowshahi is meeting with Mike Brown, the head honcho at Transport for London ( TfL ), to talk about London's decision not to renew Uber's licence to operate in the nation's capital. Uber has already apologised for some of its practices, and Khosrowshahi is reported to be willing to offer concessions if its licence were to be renewed. [Full Article...]

Tata Motors bags contract to provide 10000 electric cars to EESL

Tata Motors bags contract to provide 10000 electric cars to EESL EESL said Tata Motors quoted the lowest price of Rs 10.16 lakh, exclusive of GST in the competitive bidding. Tata, M&M and Nissan Motor Company had bid for the large order. EESL, which offers consulting and financing for energy-reduction projects, is a joint venture between India's Ministry of Power and state-backed companies in the power industry such as NTPC Ltd., Rural Electrification Corp., P... [Full Article...]

Vijay Mallya arrested in London, granted bail

Vijay Mallya arrested in London, granted bail It was said that more charges were expected to be added against Mallya by the Westminster Magistrates' Court, where an extradition case is going on at India's request. India's capital markets regulator has barred Mallya from participating in the securities market for having allegedly diverted funds from whisky maker United Spirits. [Full Article...]

Latest strike affecting Southern trains today

Latest strike affecting Southern trains today The Rail Union RMT confirmed on 28 September that its members on Greater Anglia are striking because of "the potential extension of Driver Only Operation, and the clear threat to passenger safety, following the company's continuing refusal to give a guarantee on the role of the guard throughout the length of the franchise". [Full Article...]

Amit Shah launches 15-day long Jana Raksha Yatra in Kerela

Amit Shah launches 15-day long Jana Raksha Yatra in Kerela It is doing murder politics in its desperation and people, including from the CPM, are joining the BJP. The party President is on a three-day visit to the state, during his visit he will launch the "Jan Raksha Yatra" (people's protection march) on 3 Oct and will be holding two public meetings on 4 and 5 October. [Full Article...]

Equifax hack even worse than predicted

Equifax hack even worse than predicted Smith's prepared remarks were released Monday in advance of his appearance at the House Energy and Commerce Committee on Tuesday. What's more, the terms of service online tool meant to let consumers find out if they were affected contained a mandatory arbitration clause that could have blocked consumers from joining class actions against Equifax, which Smith said was unintentional. [Full Article...]

Attack on BSF camp near Srinagar worldwide airport, 1 militant killed

Attack on BSF camp near Srinagar worldwide airport, 1 militant killed Meanwhile, airport operations have been suspended as the security forces were engaged with the remaining terrorists holed-up in a nearby building. Officials said that the militants who attacked the BSF camp belonged to an outfit called 'Afzal Guru Squad'. [Full Article...]

Active Stock You Need to Watch: Rite Aid Corp (RAD)

Active Stock You Need to Watch: Rite Aid Corp (RAD) A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that RAD is a Strong sell, which implies that RAD is expected to underperform the market based on prior trading patterns. [Full Article...]

Nissan Recalls 1.2 Million Cars In Japan

Nissan Recalls 1.2 Million Cars In Japan Hiroto Saikawa, the automaker's CEO, said that the oversight occurred at all six of Nissan's plants in Japan. The affected vehicles were produced for the domestic market in the past three years between October 2014 and September 2017 and will now undergo re-inspection. [Full Article...]

ISM Manufacturing PMI beats with 60.8 - United States dollars looks good

ISM Manufacturing PMI beats with 60.8 - United States dollars looks good September's reading indicates the thirteenth consecutive month of expansion in manufacturing, as readings over 50 points denote expansion. Growth's also indicated for the United Kingdom manufacturing despite the PMI index slipping to 55.9 in September from 56.7 in the previous month, paced by strong increases in output, new orders and employment. [Full Article...]

GM To Build At Least 20 New EV Models By 2023

GM To Build At Least 20 New EV Models By 2023 Fletcher said GM is planning to introduce the new vehicles in key, hot-selling segments such as crossovers and SUVs. General Motors Company ( NYSE:GM ) is intent on being a big part of the electric vehicle (EV) revolution in the United States, today unveiling plans to develop over 20 new electric vehicle models over the next six years alone. [Full Article...]

NY's old Kosciuszko Bridge brought down in demolition

NY's old Kosciuszko Bridge brought down in demolition The new span is slated to be fully completed by 2019. It was the first instance of a new bridge opening in the city in five decades. An estimated 22 million pounds of steel will be recycled as scrap metal from the bridge by the end of the process. [Full Article...]

Weak sterling hits manufacturing PMI

Weak sterling hits manufacturing PMI The business activity index rose marginally to 56.8 points in September 2017, indicating growth for the sixth consecutive month. Sales have increased to Europe, China, the USA and South America. "There were also reports of rising cost inflation affecting production levels", added Aw. "The weak peso continued to pose a problem for manufacturers". [Full Article...]

Top Executive of Uber UK to quit

Top Executive of Uber UK to quit It can operate during the appeal, a process that could last months. Transport for London (TfL) chose to refrain from issuing Uber with a private hire operator licence last week which means it will no longer be able to operate legally in London . [Full Article...]

Tensions Arising on How UK Should Exit EU

Tensions Arising on How UK Should Exit EU It also comes after six months of Brexit negotiations in which there has been no significant breakthrough. Mr Hammond affirmed his "100% support" for the Prime Minister and denied reports that he had sent a 4am text to Mr Johnson on the night of the general election offering him his support for the leadership. [Full Article...]


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