Markets
Pandora is being purchased by SiriusXM for $3.5 billion
Its combined revenue with Pandora will go up to $7 billion and the userbase will be at almost 100 million (36 million SiriusXM subscribers and over 70 million monthly Pandora users). "Sirius can merge Pandora's radio business into its satellite subscription business, and can also begin to offer on-demand to its large installed base of satellite subscribers". [Full Article...]
Sensex plunges 536 points, Nifty breaches 11,000 mark
The gauge has lost 1,249.04 points in the previous four sessions. MSCI's broadest index of Asia-Pacific shares outside Japan fell nearly 1 per cent. Weaker rupee also added to the Street's woes, with the currency trading around 72.64 per United States dollar. Foreign portfolio investors (FPIs) bought shares worth a net of Rs 760.70 crore, while domestic institutional investors (DIIs) made purc... [Full Article...]
Petrol Price Crosses 90 Rupees In Mumbai, Cheapest In Delhi Among Metros
Fuel prices rose on Monday between 5 paise and 12 paise across the four metro cities in line with global oil prices and a weakening rupee. The Karnataka government also announced on Monday that petrol and diesel would be cheaper by Rs 2 per litre each across the state from Tuesday following the reduction in cess on these fuels. [Full Article...]
Saudi energy minister rips Trump tweet: 'I do not influence oil prices'
Agreed in June of this year, the Vienna deal saw major oil producers agree to boost crude oil output by one million barrels-per-day, as part of a compromise deal to ease oil prices and tackle supply issues caused by a fall in output from Iran and Venezuela . [Full Article...]
Petrol price crosses Rs 90 per litre mark in Mumbai
A litre of petrol was being sold in Mumbai at the rate of Rs 90.08, according to the website of International Olympic Committee, the largest fuel retailer of the country. Latest available data from the Organisation of Petroleum Exporting Countries ( OPEC ) shows that its basket of crude oils sold at $77.13 per barrel on Thursday. [Full Article...]
Porsche to stop making diesel cars
Porsche will not make diesel cars in the future, the automaker's Chief Executive Oliver Blume said in an interview with Germany's Bild am Sonntag newspaper. Earlier this year, reports that the automaker would end sales of diesel-powered vehicles surfaced , although company officials initially indicated that no final decision had been made. [Full Article...]
ABC sacks Michelle Guthrie as Managing Director
Her appointment as the first woman to run the ABC was criticised because she had no journalism or public broadcasting experience . He added the directors felt the ABC "would do better under different leadership" but that she had "done a good job". [Full Article...]
Could you stay 30 hours in a coffin?
Six coffin dwellers will be chosen as part of Missouri Six Flags' Fright Fest. During Freight Fest operating hours, coffin dwellers can have a friend to support them, however Six Flags says "they must fearless the non-operating hours alone", although they will have staff on-site to monitor the contest. [Full Article...]