Business

Business Cabinet approves Rs 8,500 cr bailout package for sugar industry
Author: 0 Cabinet approves Rs 8,500 cr bailout package for sugar industry

Days after the ruling BJP suffered an electoral setback, primarily in the sugarcane-growing belt of western Uttar Pradesh, and with farmers in parts of the country stopping supplies of essential commodities to protect price fall, the Centre is expected to announce a fresh package of nearly Rs 80 billion to bail out the sugar sector.

Business Chris Grayling Delays Meetings On Timetable Chaos Due To… Timetable Chaos
Author: 0 Chris Grayling Delays Meetings On Timetable Chaos Due To… Timetable Chaos

There is no confidence in Chris Grayling , her bungling Transport Secretary, and this was self-evident in the Commons on Monday when he came under fire from MPs of all parties and from all parts of the country. He added that officials in the transport department have been working "around the clock". This will look at if the operator had sufficient resources and skills to deliver the new timetable and what contingency plans were in place.

Business RBI hikes repo rate by 25 basis points to 6.25%
Author: 0 RBI hikes repo rate by 25 basis points to 6.25%

The repo rate is pegged at 6.25% from the earlier 6% and the reverse repo rate has been raised to 6% from the earlier 5.75%, in the June bi-monthly meet. A rate hike complicates the growth outlook in an economy that's showing early signs of an uneven recovery. The rate hike was important to stabilise a weak rupee.

Business Yamaha organizes activities to create awareness on plastic pollution
Author: 0 Yamaha organizes activities to create awareness on plastic pollution

And like every year, the United Nations Environment council has taken up a new cause. "This year's theme is totally in line with the Yamaha Motor Group Environmental Plan 2020, which aims to promote environment protection through green product development, operations with minimum environmental impact", said Motofumi Shitara , Chairman, YMIG .

Business Nicaragua violence leaves 15 dead
Author: 0 Nicaragua violence leaves 15 dead

Nicaragua's Catholic bishops have tried to broker a peaceful solution to the unrest but the dialogue broke down when the bishops withdrew from their role as mediators, citing "a lack of consensus among the parties". Rights group Amnesty International , which had a delegation accompanying the march, said it "witnessed the chaos caused by the detonation of firearms", and accused police and pro-government groups, known as "Sandinista mobs", of carrying out attacks.

Business Buffalo Wild Wings apologizes after Twitter account hacked
Author: 0 Buffalo Wild Wings apologizes after Twitter account hacked

As the uncharacteristic tweets rolled in from the company's account, people on Twitter joked about the incident. One post was directed at film producer Tariq Nasheed and used the n-word. The company later issued a statement regarding the hack. Buffalo Wild Wings is a restaurant and sports bar chain best known for its chicken wings, which it serves with a variety of sauces.

Business Brent crude gains after touching one-month low amid supply concerns
Author: 0 Brent crude gains after touching one-month low amid supply concerns

U.S. West Texas Intermediate (WTI) crude futures were at $65.05 a barrel up 0.46 percent, while Brent crude futures, the global benchmark for oil prices, were up 0.09 percent, at $75.36 a barrel, according to Interfax. Last week , the week after Memorial Day, the USA contract lost about 3 percent after a decline of almost 5 percent the previous week. OPEC is in the midst of a supply-cutting deal with Russian Federation and other non-members.

Business Undertaker returning to the ring for WWE next month
Author: 0 Undertaker returning to the ring for WWE next month

Then, he showed up at the event and essentially squashed Cena in a short match to leave WrestleMania victorious and riding high once again. The Undertaker hasn't been seen in Madison Square Garden since back on September 25, 2010, according to Wrestling Inc .

Business Tesla: Why It's 'All About' Model 3 Production
Author: 0 Tesla: Why It's 'All About' Model 3 Production

A shareholder had proposed that the company replace Musk , who has served as the chairman of Tesla's board of directors since 2004 and its CEO since 2008, with an independent chairman. An individual shareholder had also put forth a proposal that would have required an independent chairman, which was backed by proxy advisers Institutional Shareholder Services and Glass Lewis, but was ultimately voted down.

Business Hack of DNA Website Exposes Data From 92 Million Accounts
Author: 0 Hack of DNA Website Exposes Data From 92 Million Accounts

Nevertheless, the mysterious hacker behind the breach had about seven months to exploit the stolen data before MyHeritage noticed. Because the passwords were hashed, the actual passwords weren't exposed - hackers only got access to a scrambled string of text compiled by crytogaphic algorithms.

Business Trump wants separate trade deals with Canada, Mexico, says adviser Kudlow
Author: 0 Trump wants separate trade deals with Canada, Mexico, says adviser Kudlow

Trump has announced tariffs on China, Canada, Mexico and the European Union in the name of national security, bringing threats of tit-for-tat tariffs aimed at farm goods and other US products. Kudlow says Trump "hates multilateral" treaties. Trump on Friday had publicly floated the idea of having individual agreements to replace NAFTA, which he again called "a awful deal".

Business Lord & Taylor to close storied flagship on Fifth Avenue
Author: 0 Lord & Taylor to close storied flagship on Fifth Avenue

The combined company, which will be named Rue Gilt Groupe, "will serve over 20 million members with a focus on young, affluent, fashion and brand-conscious consumers", Rue La La said in a statement. She said she reorganized management there to have experienced executives run different regions and report directly to her. She said some of the troubles in Europe were the result of an overall weak market but also the retailer's "own missteps".

Business Petrol prices are set to drop around the country
Author: 0 Petrol prices are set to drop around the country

Diesel price in Delhi was Rs 68.88 per liter and Rs 73.33 in Mumbai. The RAC said a "punitive combination" of higher crude oil prices and a weaker pound was to blame for the increases. The organisation of the petroleum exporting countries are slated to meet formally in Vienna on June 22 to decide whether the group and non-OPEC members will raise production to ease concerns over potential supply shortfalls from Iran and Venezuela.

Business American Airlines flight makes emergency landing due to severe storm
Author: 0 American Airlines flight makes emergency landing due to severe storm

An American Airlines plane diverted to El Paso Sunday due to a cracked windshield, the FAA said. Scariest flight of my life, ' one passenger tweeted of the ordeal. In April, a window onboard Southwest Airlines Flight 1380 blew out after being damaged by debris from an explosive engine failure. The aircraft, an Airbus A319 with 130 passengers and a crew of five, landed safely at 8:03 p.m.

Business Google won’t renew Pentagon AI project after employees protest
Author: 0 Google won’t renew Pentagon AI project after employees protest

The reports said Google Cloud business head Diane Greene told employees of the decision not to renew the 18-month deal past the end of 2019, when the current contract ends. Google, meanwhile, defended its work on Project Maven , with senior executives noting that the contract is of relatively little value and that its contribution amounts merely to providing the Defense Department with open-source software.

Business He Said, She Said on UK Prime Minister, Trump Phone Call
Author: 0 He Said, She Said on UK Prime Minister, Trump Phone Call

Cranberries made the list, as did USA apples, with a 20% duty. In mid-May, a number of reports emerged claiming that Mnuchin and White House economic adviser Peter Navarro got into "a profanity-laced screaming match" during the last round of U.S.

Business Here's Everything Coming With iOS 12
Author: 0 Here's Everything Coming With iOS 12

This file format will also work throughout iOS 12 in apps such as Safari , Mail, Messages , and the Files app. Apple has unveiled digital wellbeing tools to help people reduce the time they spend glued to their screens . Top new features of macOSMojave include a new Dark Mode, Desktop and Finder for app organising, Group FaceTime , and all new Mac App Store. Apple faced a backlash late a year ago when it emerged that the company slowed down some older iPhones with flagging ...

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