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Economy

This also boosted its market capitalisation, which moved up by ₹41,301 crore to ₹6.52 lakh crore, which is nearly $99 billion, a whisker away from the $100-billion mark. Led by the sharp gains in these stocks, the BSE IT index gained 4.80 per cent to end at 13,335.13. TCS reported a 4.4 per cent increase in its net profit at Rs 6,904 crore during the quarter that ended on March 31.
  • International Monetary Fund says global economy will slow after 2019

    International Monetary Fund says global economy will slow after 2019

    Economy

    The global financial watchdog also said the Bank of England needs to raise interest rates to stave off inflation because the economy is running at its speed limit, even at the present depressed levels. "The forecasts are broadly unchanged relative to the October WEO". For the eurozone , the International Monetary Fund revised up its 2018 economic growth estimate by 0.2 point to 2.4 percent, reflecting a recovery in consumption.
  • NASA to launch its TESS Exoplanet Mission in a SpaceX Falcon 9

    NASA to launch its TESS Exoplanet Mission in a SpaceX Falcon 9

    Economy

    Orbiting between the Earth and the moon, TESS will survey almost the entire sky for comparatively brighter and closer stars - some dozens to hundreds of light years away - than Kepler saw. But many were too distant and dim to study further. TESS' four wide-field telescopic cameras will survey an area hundreds of times as wide, adding up to 85 percent of the entire sky.
  • 'A clear message:' Alberta proposes legislation to limit oil shipment

    'A clear message:' Alberta proposes legislation to limit oil shipment

    Economy

    Notley said the province was considering restricting shipments of refined products through the existing Trans Mountain pipeline, so that only diluted bitumen flowed to Burnaby, B.C. "Any concern that British Columbians have that a bill that preferentially punishes British Columbia from the Alberta perspective and tries to drive up gas prices would be unconstitutional, we would take action immediately to address that", he explained.
  • Alert over 'malicious' Russian cyber attack

    Alert over 'malicious' Russian cyber attack

    Economy

    Officials said the activity had been under observation for "some time" and was not directly related to missile strikes on Syria. "The attribution of this malicious activity sends a clear message to Russian Federation - we know what you are doing and you will not succeed".
  • Russian Federation says West only interested in overthrowing Syria's Assad

    Russian Federation says West only interested in overthrowing Syria's Assad

    Economy

    President Donald Trump on Thursday put off a final decision on possible military strikes against Syria after tweeting earlier that they could happen "very soon or not so soon at all". Get ready Russian Federation, because they will be coming, nice and new and "smart!", he threatened. Mattis disclosed that the US had not yet confirmed that the Douma attack - the most recent suspected Syrian chemical weapons attack, on April 7 - included the use of sarin gas.
  • Family Of Man Killed In Tesla Model X Autopilot Crash Lawyers Up

    Family Of Man Killed In Tesla Model X Autopilot Crash Lawyers Up

    Economy

    Fiery Tesla crash kills driver in Mountain View Despite his long hours at EA Games and then Apple starting last November, 38-year-old Walter Huang found time for his family. Tesla's statements have highlighted the need for drivers to keep their hands on the wheel and pay attention to the road at all times while Autopilot is engaged.
  • Bitcoin has biggest one-day surge since December

    Bitcoin has biggest one-day surge since December

    Economy

    Investors seeking to trade Super Bitcoin must first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase . The Reddit community for STK is /r/STKToken and the currency's Github account can be viewed here. Bitcoin Plus' official website is www.bitcoinplus.org.
  • Amid Trump's threats, Xi pledges to slash tariffs, open China's markets

    Amid Trump's threats, Xi pledges to slash tariffs, open China's markets

    Economy

    Mr Xis' speech comes amid rising trade tensions between China and the United States following a week of escalating tariff threats sparked by US frustration with China's trade and intellectual property policies. Levine, of BNY Mellon, said the tariffs the US and China have proposed won't stop the growth of the USA economy, but they could cause real pain for some industries and investors sold stocks in response to that.
  • Trump Threatens Possible Missile Strike In Syria

    Trump Threatens Possible Missile Strike In Syria

    Economy

    He scoffed at Russia's claim that it will shoot down any USA missiles launched at Syria. Only one #kilo class submarine remained. Since Trump's warning, the Syrian military has moved assets around in an attempt to shield them from U.S.
  • Saudi Aramco signs deal with Indian refiners

    Saudi Aramco signs deal with Indian refiners

    Economy

    The coming weeks will show how many other discussions have been underway between Aramco and the world's oil majors, as the kingdom's energy giant extends its global reach-while preparing for the IPO. As per the agreement, Aramco and the consortium companies would pick up equal share in the JV at 50 per cent each. "From Indian consumers' point of view, I will be more than happy if the price is around US$50 a barrel".