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Economy

SoftBank , which was looking to acquire a stake in Flipkart through the planned merger, said in a statement that it "respects the decision to steer the company in a different direction". In the letter, they have said that with the ongoing streamlining of costs and sale of some of the assets, such as Freecharge, "we are financially self sufficient as a company and don't need to raise additional capital to reach profitability'".
  • Sky Sports confirms Mayweather v McGregor PPV prices

    Sky Sports confirms Mayweather v McGregor PPV prices

    Economy

    The "Billion Dollar Fight" may be just that, but it seems few people are prepared to shell out watch it. because tickets are so expensive. Showtime will broadcast the fight in the U.S. However Sky prevailed, with promoter Eddie Hearn previously discussing how Mayweather-McGregor is all but certain to secure more PPV buys than the outstanding middleweight clash between Gennady Golovkin and Canelo Alvarez on September 16.
  • Discovery and Scripps seek union in $12 billion TV deal

    Discovery and Scripps seek union in $12 billion TV deal

    Economy

    In other news, Director Paul A. Gould sold 8,832 shares of Discovery Communications stock in a transaction dated Wednesday, May 10th. Our business is about great storytelling, authentic characters and passionate super fans. On an investor call Monday, Zaslav said the merger provides the combined company with more ways to reach consumers and marketers apart from the traditional route of cable and satellite TV, a business model he called "the terminal value tunnel".
  • Jeep Compass drives in with ₹14.95 lakh starting price

    Jeep Compass drives in with ₹14.95 lakh starting price

    Economy

    Jeep Compass 2017 Price In India: Are you feeling bored in the driving of the same auto? This is the base petrol variant's price. Kevin Flynn - President and Managing Director, FCA India said, "Due to the overwhelming public response to the Jeep Compass, coupled with a significant number of pre-bookings and enquiries we chose to advance the price announcement so that potential customers can finalize their purchase decisions".
  • Police officer helps 4-year-old

    Police officer helps 4-year-old "monster-proof" her new house

    Economy

    Although Bonday reportedly had never been on a monster hunt before, he agreed to assist in the investigation. "They understand that they can have a good trust of the police and that we're here even for the monsters, even if it's just something like monsters in the house", Bonday told The Denver Channel.
  • Snapdeal to go solo as acquisition talks with Flipkart collapses

    Snapdeal to go solo as acquisition talks with Flipkart collapses

    Economy

    Snapdeal Flipkart USD 900-950 Million Merger May Fall Apart Snapdeal-Flipkart USD 900-950 Million Merger May Fall Apart?: After an important meeting between the two parties was canceled, the USD 900-950 million Snapdeal-Flipkart merger which has been making headlines lately, may fall apart.
  • Eurozone unemployment hits lowest level in eight years

    Eurozone unemployment hits lowest level in eight years

    Economy

    Harmonised consumer prices accelerated at a 1.3% annual pace in July, Eurostat said in its "flash" estimate, a figure that was largely in-line with economists' forecasts and unchanged from final reading in June. The ECB wants inflation to be close to 2 per cent, a level it estimates is healthiest for the economy. "Moreover, measures of underlying inflation remain overall at subdued levels", Draghi told reporters in Frankfurt after the Bank's regular interest rate setting meeting on July 20.
  • Barcelona star Neymar involved in training field scuffle with teammate

    Barcelona star Neymar involved in training field scuffle with teammate

    Economy

    Things were later brought under control by Barca defender Javier Mascherano , who calmed things down between the two with Semedo being the first in responding as he went back to his playing position. "For those of us who are training however, it's nothing". Neymar made an appearance at a Nike shop in Miami on Friday afternoon to celebrate the release of his new boots.
  • HSBC sees half-year profits rise by 5% — BBCI

    HSBC sees half-year profits rise by 5% — BBCI

    Economy

    HSBC is carrying out a sweeping overhaul to increase profitability. The latest share buyback, of up to $2 billion, comes as HSBC uses excess capital to offset the dilutive effect of shares paid out as dividends. Revenue for the first half was marked at $26.2 billion, the bank said, down 11% from a year ago " primarily due to currency translation differences, the absence of fair value movements on our own debt and revenue from the operations in Brazil that we sold", HSBC said.
  • Lightning strikes kill 11 as Odisha continues to battle floods

    Lightning strikes kill 11 as Odisha continues to battle floods

    Economy

    Another eight people were injured after lightning struck the Bhadrak, Balasore and Kendrapara districts. Though the water level has come down in Subarnarekha river at Jamsolaghat and Rajghat, the flood water continued to stand at 5 feet in above 80 villages of Balasore district.
  • Airport worker allegedly punches passenger holding a baby

    Airport worker allegedly punches passenger holding a baby

    Economy

    Arkwright, who said her husband held on to the attacker while they waited for police to arrive, implied the airline was at least indirectly to blame for the incident saying passengers had to endure a long delay without much information about what was going on.