Business

Kashmir trade bodies to boycott meeting Rajnath

Mr. Singh, who is accompanied by Home Secretary Rajiv Mehrishi, will review the situation in Kashmir, where as many as 66 people have been killed and over 8,000 injured in clashes between protesters and security forces that broke out in the wake of killing of Hizb-ul-Mujahideen leader Burhan Wani in an encounter.

Loonie drops half a cent as TSX makes modest gains

On the TSX, the materials group, which includes precious and base metals miners and fertilizer companies, lost 2.9 per cent. Oil prices were also volatile following a report that showed higher than expected US inventories of crude and gasoline.

Tesla wins USA antitrust approval to buy SolarCity

Tesla hopes to pair SolarCity's panels with the auto maker's in-house battery packs to capture additional renewable power. Musk is set to buy the $65 million of bonds of the San Mateo, California-headquartered SolarCity as stated in the filing on Tuesday.

Global stocks, oil turn lower ahead of Fed meeting

Investors are largely in wait-and-see mode ahead of Yellen's speech on Friday in Jackson Hole, Wyoming, which could clarify the USA central bank's thinking on whether it plans to hike interest rates for the first time this year at its September meeting or continue to hold off.

Speedo USA, Ralph Lauren drop Lochte after Rio incident

The apology was not Lochte's first to try to correct the record of what happened the night he had initially said he was robbed at gunpoint. Swimsuit maker Speedo USA and mattress maker Airweave announced that they are dropping Lochte days after the 12-time Olympic swimming medalist apologized for his actions, which resulted in two teammates with him in the altercation to be pulled from a flight back to the United States to be interviewed by local police.

J.K. Rowling to release 3 Harry Potter-based short story collections

HARRY POTTER fans have a lot to dive into this year with the recently released play, "Harry Potter and the Cursed Child", now on shelves and the upcoming FANTASTIC BEASTS AND WHERE TO FIND THEM hitting cinemas in November. " Pottermore Presents is meant to supplement the Harry Potter book series with short-form content that is entertaining and thematically curated by the Pottermore editorial team".

Donald Trump's deportation plans 'to be determined,' Kellyanne Conway says

Conway said, "So what Donald Trump said in the meeting differed very little from what he said publicly including in his convention speech last month in Cleveland". "If you start pivoting, you're not being honest with people". He wants to double down on letting Donald Trump be Donald Trump , that's why he's brought in to run his campaign someone who wrote - or ran a so-called news organization, Breitbart News , which has peddled some of the worst conspiracy theories around.

Wall Street set to open higher on strong data, earnings

A loss of 37.39 points or 0.20% closing at 18,495.66 from the Dow Jones Industrial Average while the Standard and Poor's closed at 2,175.49, 500 lower and a loss of 6.25 points or 0.29%. Crude oil for September delivery fell 2.5% to settle at $41.71 a barrel Wednesday. " I'm a bit surprised to see us hitting record highs again ", said Randy Frederick, managing director of trading and derivatives for Charles Schwab in Austin.

Urjit Patel appointed new RBI Governor to succeed Raghuram Rajan

Urjit Patel will take over the charge from Rajan after he demits the office on September 4. His predecessor, Raghuram Rajan , announced in June that he would step down as RBI governor, setting off a wave of speculation over the circumstances of his departure and the future of India's economy.

Cisco Announces Layoffs as Revenue Slips

In recent months, Cisco has been making active investments in new products. The investment will help Cisco offset the impact the spending by telecom carriers and businesses on its network switches and routers. The networking giant said the cuts would reduce its costs while allowing the company to invest in faster growing tech segments, such as cloud computing and security.

Washington Tightens Fuel Economy Standards for Trucks

The new rules mandate 25 percent lower carbon emissions and fuel consumption for tractor-trailer rigs, delivery trucks , school buses and similar vehicles. The new Phase 2 rules also include certain "EPA-specific provisions" relating to controlling emissions relating to the use of diesel-powered auxiliary power units (APUs) installed in new tractors as well as non-GHG pollutants from light-duty motor vehicles, marine diesel engines, and other non-road engines and equipment.

Ankara's convergence with Moscow may dramatically estrange Turkey from West

Erdogan said the shot down of the plane on November 24, 2015 cast a dark shadow on the fruitful relations with Russian Federation. Putin was one of the first foreign leaders to phone Erdogan offering support after the coup attempt and shares none of the concerns of European Union leaders about the ensuing crackdown.

Ruby Tuesday Closing 95 Restaurants Nationwide

Ruby Tuesday announced almost 100 restaurants nationwide will shut its doors in September. According to the company's press release, the under-performing locations will stop operations by September. "While the decision to close restaurants has been extremely hard, it is a necessary step as we take aggressive actions to strengthen our organization".

Mom of U.S. Military Member Booed by Pro-Trump Crowd

Rather than rallying behind the Republican nominee in the dispute, several party leaders backed the Khan family, including Republican party Chairman Reince Priebus, who said Gold Star families should be "off limits". Donald Trump continues to make comments about the Khan family that only seem to make the situation worse. The term Gold Star families originated during World War I.

Elon Musk confirms two new Tesla vehicles will be revealed in 2017

In the latest earnings call, Tesla performed far lower than the expectations as its losses jumped to $293 million at $1.06 per share. Elon Musk's electric vehicle giant Tesla Motors reported lower-than-expected second quarter results, driven by a dip in the number of cars delivered as it ramped up production.

Timely GST roll out challenge; inflation impact limited: RBI

Mumbai: In his swansong monetary policy , RBI Governor Raghuram Rajan on Tuesday lambasted banks for passing on rate-cut benefits "only modestly" to borrowers on one pretext or other - the latest being dollar deposit outflows - even as he chose to stay put on inflation-control as priority.

Trump Would Be Most Reckless President In US History: GOP Security Experts

Republicans, in turn, say the administration has not spent money that has already been provided and it's the Democrats who are playing politics in an election year. In a June Quinnipiac Poll of CT voters, 36 percent said the economy would get better under Trump, 43 percent said it would get worse and 17 percent said it would remain the same.

Oil Prices Rise On Fresh Calls For Production Freeze

Al-Sada noted that beginning from February of this year, oil prices showed steady growth in the background of decreasing production, irregular supply of raw materials from some countries and rising global demand. Brent crude, the global benchmark, rose 1.26 per cent to $44.83 per barrel this morning. OPEC on Monday sounded an optimistic tone about the oil market, saying that higher demand is expected in the third and fourth quarters.

China Fires Warning At UK Over Hinkley Deal

China has issued a strong indication that relations between China and the United Kingdom could be threatened over the decision on the Hinkley Point nuclear project. He describes ties as at a "crucial historical juncture" and stresses the importance of " mutual trust " to the two countries' relationship. He also pointed out that because of the relationship, Chinese investment in the United Kingdom had been greater in the last five years than in France, Germany and Italy combined.

Facebook to start showing ads to adblocker users on desktop

Facebook has a message for the roughly 200 million people who use ad-blocking software around the world: Your plugin's no good here. "We also think that connecting people with products and organizations that may be meaningful to them is a core part of the Facebook experience , and people would lose that if they didn't see ads".