Axis Bank asks sellers of Snapdeal to quickly settle dues; Stock up more than 1%
Axis Bank has reportedly directed sellers of the trouble online marketplace Snapdeal to clear their outstanding dues with the bank at once, and that it would recall loans and suspend overdraft facilities if they failed to do so.The All India Online Vendors Association has stated that the e-commerce company has dues of about Rs 300 […]
Indian soyoil futures fall, tracking overseas cues
March 9 (Reuters) – Indian soyoil futures fell on Thursday,tracking the soyoil contract on the Chicago Board of Trade(CBOT) and palm oil on the Bursa Malaysia Derivatives Exchange. Soybean oil on the Chicago Board of Trade was down 1percent, while Malaysian palm closed 1.3 percentlower. As of 1226 GMT, March soyoil futures were down 1.2percent […]
US STOCKS-Futures slip as U.S. crude falls below $50
* Futures down: Dow 25 pts, S&P 2 pts, Nasdaq 3.75 pts By Yashaswini Swamynathan March 9 (Reuters) – U.S. stock index futures dipped slightlyon Thursday as U.S. crude prices fell below $50 and investorsremained cautious ahead of Friday’s nonfarm payrolls data thatcould move the needle on an interest rate hike next week. * Also […]
'India's current account deficit to touch $ 30 billion in 2018'
Chennai – India’s current account deficit is expected to increase by $10 billion to $30 billion in the 2017-18 fiscal due to higher oil and gold imports, credit rating agency ICRA said on Thursday.However, the pressure related to the financing of a larger current account deficit would abate with the resumption of Non-Resident Indian (NRI) […]
RBI to issue new Rs 10 notes, old ones to remain valid
Mumbai – The Reserve Bank of India (RBI) on Thursday said it will shortly issue new Rs 10 denomination currency notes, while clarifying that the old Rs 10 notes will also remain valid.”The Reserve Bank of India will shortly issue Rs 10 denomination banknotes in the Mahatma Gandhi Series-2005 with inset letter ‘L’ in both […]
BMW earnings hit by 5 Series ramp-up costs, leasing
By Laurence Frost and Arno Schuetze PARIS/FRANKFURT (Reuters) – Startup costs for BMW’s new 5 Series model contributed to lower-than-expected 2016 operating earnings at the German luxury carmaker, which knocked its shares on Thursday. BMW, whose namesake brand ceded the luxury sales crown to Mercedes-Benz last year, said accounting changes partly reflecting leased vehicle resale […]
BRIEF-Tata motors says Feb group global wholesales at 103,064 units
March 9 (Reuters) – Tata Motors Ltd * Says Tata Motors Group global wholesales at 103,064 inFebruary 2017 * Says cumulative wholesales for the fiscal were 1,025,301nos., higher by 9%, over FY15-16. * Says global wholesales for Jaguar Land Rover were 54,576vehicles in FebSource text: (http://bit.ly/2m2HRk2)Further company coverage:
One-off supercars: when rare just isn't exclusive enough
Geneva: Supercars are famed for their exclusivity, but they don’t get much rarer than the 800 horsepower SCG 0003S being shown off by American Ferrari collector Jim Glickenhaus at the Geneva car show this year. Only 10 will be built.The 66 year-old is one of a new breed of automotive entrepreneurs to take advantage of […]
INTERVIEW – Merkel ally warns protectionism would hurt U.S. consumers
By Andreas Rinke BERLIN (Reuters) – It is as hard to imagine how the U.S. government could force American consumers to stop buying German cars as it is to conceive of the German government persuading Germans to buy U.S.-made cars, a key ally of Chancellor Angela Merkel said. Juergen Hardt, the German government’s coordinator for […]
Uber works to mend relationship with regulators
SAN FRANCISCO – Uber Technologies Inc is working to mend its relationship with regulators as pressure mounts for the company to improve its business practices and temper Chief Executive Travis Kalanick’s aggressive leadership style.Uber on Wednesday obtained the necessary permit to put its self-driving cars back on California streets, conceding to the state’s rules after […]
