• Axis Bank Q1 net falls 16%

    Axis Bank Q1 net falls 16%

    Economy

    The bank's growth was affected by higher provisions, increased credit costs and lower operating income , reported the Economic Times . The bank's net interest income grew by 2% on year to Rs. Darpin Shah, senior vice president, institutional research, HDFC Securities, told DNA Money, "Net retail slippages were Rs 758 crore which were seasonal in nature and also had an effect from the farm loan waivers".
  • Hyundai posts 48% drop in Q2 net profit on China snub

    Hyundai posts 48% drop in Q2 net profit on China snub

    Economy

    Revenue rose 1.4 per cent to 47.67 trillion won in the cited period, but net income sank 34.3 per cent to 2.32 trillion won. Earlier on Wednesday, Hyundai Motor said its second-quarter net profit halved from a year ago to 817 billion won ($729.14 million) - its 14th straight year-on-year fall and the smallest since the first quarter of 2012.
  • UK GDP grows 0.3% in second quarter, first half lacklustre

    UK GDP grows 0.3% in second quarter, first half lacklustre

    Economy

    GDP grew by 0.3% in the quarter, the ONS said, while annual growth was 1.7%. Production and construction were a drag, and agriculture had zero impact. The modest rise in growth will add to expectations that the Bank of England will keep interest rates at their current record low next week. The latest figures come only days after the International Monetary Fund said it expects the United Kingdom economy to grow by 1.7% this year, compared with the 2% it forecast in April, while growth ...
  • Indigenous Musician Dr G. Yunupingu Dies, Aged 46

    Indigenous Musician Dr G. Yunupingu Dies, Aged 46

    Economy

    Too young, so much left to give. "Heart goes out to family", he wrote on Twitter. Meanwhile, prominent Australians have spoken out about Dr. Yunupingu's impact on the country, with Prime Minister Malcolm Turnbull describing him as a "remarkable Australian", while Labor leader Bill Shorten adding that he "helped Australians see the wonder of the world's oldest living culture".
  • RBI Stops Printing Rs 2000 Notes

    RBI Stops Printing Rs 2000 Notes

    Economy

    As per one of the people close to the RBI, there are now 3.7 billion notes of Rs 2000 denomination in the market, which amounts to Rs 7.4 trillion. Top sources from the North Block have confirmed to India Today TV that the Reserve Bank of India will release the new note as soon as next month.
  • Electric Mini Hardtop confirmed for 2019

    Electric Mini Hardtop confirmed for 2019

    Economy

    By 2025, the BMW Group is expecting electrified vehicles to account for between 15-25 percent of its sales. BMW has given Britain's vehicle industry a "vote of confidence" by deciding to build its all-electric version Mini at its Crowley plant in Oxford, says the Daily Telegraph .
  • Kite Realty Group Trust Earnings Ahead: Quick Glance

    Kite Realty Group Trust Earnings Ahead: Quick Glance

    Economy

    Capstone Asset Mngmt reported 0.01% in Education Realty Trust, Inc. Dimensional Fund Advisors LP now owns 1,005,653 shares of the real estate investment trust's stock worth $32,864,000 after buying an additional 70,100 shares during the period.
  • Gold rally stalls, bucks weaker-dollar boost, ahead of Fed update

    Gold rally stalls, bucks weaker-dollar boost, ahead of Fed update

    Economy

    Oil rose while the yen erased earlier declines. Wall Street indexes ended Friday flat to about 0.15 percent lower, as disappointing earnings from General Electric and energy shares weighed. They were also influenced by strong German economic data and Greece's first return to capital markets since 2014. The Fed is expected to make no change to policy tomorrow with investors and economists parsing the statement for clues on how officials plan to proceed in reducing their massive portfolio.
  • Israeli deaths part of Palestinian status quo | Letters

    Economy

    Palestinians say any security checks at the mosque humiliate Muslims and accuse Israel of trying to seize control of the third holiest place in Islam. In January 2016, head of the PA's security forces Majed Faraj said his forces, working with Israeli security services, managed to foil hundreds of attacks against Israelis in less than a year.
  • Disney splits with YouTube star Jake Paul after TV report

    Disney splits with YouTube star Jake Paul after TV report

    Economy

    Just days after a popular Youtuber and Disney star jumped on a news truck, Jake Paul told his social media following his days as Dirk on Disney's show " Bizaardvark " are over. He has nearly nine million subscribers on YouTube, and recently released his first single, "It's Everyday Bro ", which debuted at no2 on iTunes and garnered more than 27m views on YouTube within a week.
  • Prominent Anti-Israel Activists Prevented From Boarding Tel Aviv-Bound Flight

    Prominent Anti-Israel Activists Prevented From Boarding Tel Aviv-Bound Flight

    Economy

    But queer activists who protest the country over its problematic LGBTQ rights record could soon find themselves in prison if legislators pass a proposed bipartisan bill to make boycotting Israel a felony. When the group attempted to check in for a Lufthansa flight to Tel Aviv at Dulles International Airport, they were informed the Israeli government had ordered they not be allowed to board.