Business

Business Vijay Mallya Arrested In UK In Money Laundering Case
Author: 0 Vijay Mallya Arrested In UK In Money Laundering Case

Mallya has repeatedly refused to appear before courts and investigators in India since he secretly fled to Britain in March, 2016 , after defaulting on loan payments to state-owned banks and allegedly misusing the funds. MLAT in criminal matters does not cover the subject to bring back persons under investigation. 'Prime Minister Narendra Modi had raised the matter with British Prime Minister (Theresa May) during their meeting on the sidelines of G-20, ' Baglay said.

Business Latest strike affecting Southern trains today
Author: 0 Latest strike affecting Southern trains today

We've trained up a significant number of backroom staff to do the conductor role. Meanwhile, in London, members of the drivers' union Aslef will strike on Thursday in a row over working conditions. Transport for London says it is putting more buses on key routes but has urged people to walk if possible as services "will be exceptionally busy".

Business Equifax Inc. (EFX) Says Hack Even Worse Than Originally Thought
Author: 0 Equifax Inc. (EFX) Says Hack Even Worse Than Originally Thought

Want to see what other hedge funds are holding EFX? J P Morgan Chase & Co reiterated a "buy" rating on shares of Equifax in a report on Friday, September 8th. Equities analysts forecast that Equifax will post $5.98 earnings per share for the current fiscal year. Finally, BidaskClub upgraded shares of Equifax from a "hold" rating to a "buy" rating in a research report on Saturday, June 17th.

Business Ola raises $2B to take the good fight to Uber in India
Author: 0 Ola raises $2B to take the good fight to Uber in India

According to other reports , Ola has raised $2 billion from investors like Tencent and Soft-Bank, besides financial investors from US.Chinese internet conglomerate Tencent has finalised its $400-million investment in ride-hailing major Ola, valuing the Bengaluru-based startup at over $3.8 billion.

Business Wells Fargo may face new penalties over improper charges
Author: 0 Wells Fargo may face new penalties over improper charges

This repurchase authorization allows the financial services provider to buy up to 4.2% of its stock through open market purchases. Looking further out we can see that the stock has moved 24.04% over the year to date . Investors sentiment increased to 1 in Q2 2017. Its down 0.02, from 0.67 in 2017Q1. It increased, as 85 investors sold WFC shares while 685 reduced holdings.

Business Goldman Sachs mulls cryptocurrency services
Author: 0 Goldman Sachs mulls cryptocurrency services

The institutional investor owned 90,742 shares of the investment management company's stock after selling 1,000 shares during the period. (The) by 0.3% in the first quarter. The stock has an average rating of "Hold" and a consensus target price of $237.04. Instinet downgraded the shares of GS in report on Tuesday, November 29 to "Neutral" rating.

Business Oracle Launches Self-driving Autonomous Database
Author: 0 Oracle Launches Self-driving Autonomous Database

The crowd of 60,000 who descended on San Francisco this week arrived eager to learn about the new innovations the Redwood City, Calif. -based company would unveil, as well as to hear the snarky remarks Ellison inevitably makes about the competition.

Business Tesla Model 3 slow off the mark due to
Author: 0 Tesla Model 3 slow off the mark due to "production bottlenecks"

During the Model 3's roll-out, Musk told the massive crowd of employees, media and company officials that Tesla was about to enter "production Hell". Given that 30 were delivered in July , that implied a weekly run rate of at least 170 by the end of September - and actually more than that, if production was truly following an S-curve, as per Tesla's guidance.

Business GM Lays Out Plan for 20 Electric Models by 2023
Author: 0 GM Lays Out Plan for 20 Electric Models by 2023

The two new cars will be based on technology derived from the company's Bolt EV, the 238-mile-range electric sedan that Chevrolet introduced late past year. California is also considering a measure to end sales of gasoline and diesel powered vehicles by 2040. In recent years it has emerged as the top market globally for EVs and plug-in hybrid vehicles, mostly low-price cars from Chinese brands.

Business Sisters suspends operations at United Kingdom poultry plant
Author: 0 Sisters suspends operations at United Kingdom poultry plant

The 2 Sisters Food Group said staff at its site in the West Midlands will need to be "appropriately retrained" before it starts resupplying customers. In a statement, 2 Sisters Food Group said: "We remain committed to ensuring that we operate to the highest standards of hygiene and food safety, and we act with honesty and integrity at all times".

Business Nissan Recalls 1.2 Million Cars In Japan
Author: 0 Nissan Recalls 1.2 Million Cars In Japan

He estimated the recalls and re-inspections would cost Nissan about 25 billion yen ($222 million), but stressed final costs were still unclear. "A team that includes an independent third party is now investigating the causes and measures to prevent recurrence", it said.

Author: 0 Next Weeks Broker Price Targets For Marvell Technology Group Ltd. (NASDAQ:MRVL)

Needham & Company LLC reaffirmed their buy rating on shares of Marvell Technology Group Ltd . (NASDAQ: MRVL ) in a report released on Tuesday. Tower Research Capital LLC TRC now owns 7,969 shares of the semiconductor company's stock worth $122,000 after acquiring an additional 7,536 shares in the last quarter.

Business Canaccord Genuity Reaffirms Buy Rating for Polar Capital Holdings plc (POLR)
Author: 0 Canaccord Genuity Reaffirms Buy Rating for Polar Capital Holdings plc (POLR)

The company has market cap of 599.36 million GBP. The Company's divisions include Upstream, Downstream, Rosneft, and Other businesses and corporate. Therefore 48% are positive. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock.

Business Analyst Research and Ratings: Digital Realty Trust, Inc. (DLR), XBiotech Inc. (XBIT)
Author: 0 Analyst Research and Ratings: Digital Realty Trust, Inc. (DLR), XBiotech Inc. (XBIT)

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 2.11, and a price to sales ratio of 0. Earnings Per Share (EPS) is the earnings made by a company divided by their number of shares. SunTrust maintained the shares of VNO in report on Thursday, September 3 with "Neutral" rating. Checking in on some valuation rankings, Vornado Realty Trust (NYSE:VNO) has a Value Composite score of 49.

Business Pound Falls As UK Factory PMI Rises Less-than-expected
Author: 0 Pound Falls As UK Factory PMI Rises Less-than-expected

The Nikkei Malaysia Manufacturing Purchasing Managers' Index, or PMI, fell back into contraction at 49.9 in September, down from 50.4 in August. Commenting on the Malaysian Manufacturing PMI survey data, Aashna Dodhia, economist at IHS Markit , which compiles the survey, said "The underlying indicators that signalled some signs of recovery in the manufacturing sector in August proved to be transitory as operating conditions were broadly unchanged in September".

Business Blow for Reliance Communications after Aircel merger called off
Author: 0 Blow for Reliance Communications after Aircel merger called off

The National Company Law Tribunal is hearing a petition to admit an insolvency plea filed by Ericsson. "As part of the ongoing transformation and in order to enhance value for all stakeholders, the RCom board reaffirmed the focus on these stable, capital light B2B businesses which have sustained and predictable revenues and profits, with vast growth potential", the company said.