Markets
Sensex, Nifty To Open Flat As Investors Digest Inflation Data
Not sure which way to move, the Sensex changed its course many a time during the day, before it settled at 32,941.87 - a three-week low, down 91.69 points, or 0.28 per cent. In terms of the broader markets, the BSE mid-cap closed lower by 0.22 per cent and the small-cap index by 0.18 per cent. The Indian rupee opened higher by 9 paise at 65.33 per dollar on Tuesday versus 65.42 on Monday. [Full Article...]
OPEC likely to extend supply cuts
Indeed, the IEA also suggests that demand for oil will remain supported by lower prices, going forward. Earlier this month, Russia's Energy Minister Alexander Novak hinted that the decision may be announced later, depending on what the latest market data says about oil's fundamentals. [Full Article...]
Amazon to Sell Its China Cloud-Computing Business
Laws that came into effect in June require firms to store data locally. "Sinnet is responsible for ensuring that its customers in China comply with local laws and their notice was meant to remind customers of their obligations", an Amazon spokeswoman said via email at the time . [Full Article...]
Star Hero's 1.3 Crore Children's Day Gift To Son
Well, Kareena Kapoor Khan and Saif Ali Khan's 11 month old baby Taimur Ali Khan seems to be the lucky one for he just got a swanky new jeep with an additional "baby seat" as his first Children's Day gift! The Chef star's first co-passenger will not be his actress wife Kareena Kapoor Khan (who just wrapped a Veere Di Wedding schedule in Phuket) but his nearly one-year-old son Taimur. [Full Article...]
Tyson Foods tops profit estimates as low-priced feed provides boost
Current price level places the company's stock about -1.12% from the 52-week high and 87.85% away from the 52-week low. Washington Trust Bank now owns 1,431 shares of the company's stock valued at $107,000 after buying an additional 31 shares during the period. [Full Article...]
Home Depot Lifts FY17 View Again As Q3 Tops Estimates
It has underperformed by 23.16% the S&P500. Atlantic Securities downgraded Home Depot Inc (NYSE:HD) on Thursday, May 11 to "Neutral" rating. Shaker Financial Services Llc sold 46,351 shares as Central Secs Corp (CET)'s stock rose 6.56%. sold $4.86 million worth of Home Depot Inc (NYSE:HD) or 31,239 shares. Among 30 analysts covering The Home Depot Inc. Two investment analysts have rated the st... [Full Article...]
United Kingdom competition watchdog clears Tesco's £3.7bn Booker purchase
Tesco shares were up 4.5 per cent by 8.30am on the back of the CMA's ruling. "That worry is compounded by a tough consumer environment, changing shopping habits and fierce levels of industry competition". "The CMA opened its phase one investigation into the merger in May". Tesco is the UK's biggest supermarket chain and Booker the largest wholesaler, supplying 5,400 stores operating under the... [Full Article...]
Amazon might soon offer a free, ad-supported version of Prime Video
This could be huge news, as a video service that's free in any form could be a significant disruption to the current streaming status quo. There is likely to be one stark difference between the two, however. It's not just about getting ads in front of customers, however. According to reports, Amazon would sharing audience information with advertisers, allowing them to better target their produ... [Full Article...]