Business

  • Around 70,000 Crore Spent By Tata Group For Acquisitions

    Around 70,000 Crore Spent By Tata Group For Acquisitions

    The Tata Group spent more than Rs 70,000 Crore in 2018 to partially honor and restructure its business, consolidating its cross-shareholdings, acquiring strategic assets and introducing the necessary capital. In a message to officials later this year, N Chandrasekaran, Tata Sons Chairman also warned that 2019 would bring a series of macroeconomic challenges. As the business cycle matures in well-established…

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  • Tough Times Ahead For Media Companies, Says LionTree CEO

    Tough Times Ahead For Media Companies, Says LionTree CEO

    LionTree’s Founder and CEO of investment bank, Aryeh Bourkoff has asked the media companies to buckle up and come with profit tactics and innovative ideas to remain in the market since in the coming years investors would be strict and less tolerant about companies giving average performance. Since the rising of the interest rates, deal making would be difficult and…

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  • Oversupply Will Keep Oil Prices Under Pressure At The Beginning Of 2019

    Oversupply Will Keep Oil Prices Under Pressure At The Beginning Of 2019

    An energy information provider, Argus Media stated that an oversupply of oil will ensure the prices are under intense pressure even after entering the New Year. However, with the passing time, the cuts of the producers will ensure the crude prices are boosted. This condition refers to the scenario in which the balance between the supply and demand will be…

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  • China Considering A Law To Restrain Forced Technology Transfers

    China Considering A Law To Restrain Forced Technology Transfers

    Reportedly, China is considering a new rule on foreign investment that will focus on the illegality of forced technology transfers, the process of which has been the main complaint from Washington between the current tariffs spat between the two largest economies globally. Multiple regional outlets reported on the under debate law, and Chinese news agency Caixin stated that the present…

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  • Retailers On Buying Spree As The US–China Trade War Ensues

    Retailers On Buying Spree As The US–China Trade War Ensues

    Amy Magnus, the head of the National Customs Brokers & Forwarders Association of America, has been in the genre of trade for the past 40 years but has never experienced such an inventory by the retailers hoarding. In the United States, the warehouses are spread all over the country at a record quantity with every kind of Chinese imports like…

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  • Economists Hopeful Even As Wall Street Bleeds

    Economists Hopeful Even As Wall Street Bleeds

    Stock markets in US seem to be under the grip of bear market conditions as Dow has fallen down by 4000 points and Nasdaq is no better and crude oil is in free-fall mode. Though investors are behaving as if recession is already here economists don’t seen an imminent depression around the corner. The excellent growth phase of 2018 is…

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  • Amid Brexit Worries, Banks Lower Growth Estimates

    Amid Brexit Worries, Banks Lower Growth Estimates

    Bank of England has announced that uncertainty over Brexit is affecting Britain’s economy in a negative manner so it has no other option but to cut national growth forecast. Due to weak global growth the Monetary Policy Committee (MPC) has voted to keep interest rates at 0.75 %and said that economy will grow by 0.2 %in last quarter of 2018…

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  • Blackberry’s Focus On Software For Automated Cars Pays Off

    Blackberry’s Focus On Software For Automated Cars Pays Off

    After suffering quite a downfall in the smartphone market, Blackberry is now attempting to lead in autonomous vehicles software market and the world of cyber security. Compared to the stock of the rest of the market, Blackberry is nailing it by an increase of 2%. This has made the brand top the forecasts of Wall Street. Both the sales and…

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  • Oil Market Faces Oversupply Problems but Expects Correction

    Oil Market Faces Oversupply Problems but Expects Correction

    The oil market faces oversupply problems again which are impacting prices. Oil prices are not strong enough and see a weakness early this week on Monday. Brent crude was trading lower by 10 cents at $60.18, while WTI crude was trading at $51.15, which was a decrease of 5 cents. Though the OPEC countries along with Russia have planned to…

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  • Obamacare 'Unconstitutional' Rules Court

    Obamacare ‘Unconstitutional’ Rules Court

    Texas state federal judge has ruled that essential parts of Obamacare which is also called Affordable Care Act (ACA) is unconstitutional as twenty states in the US had argued that the law had become invalid due to new tax rules that were brought in last year. The new law eliminated penalty for not owning health insurance as President Trump had…

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