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Economy

Officials said that the bank sanctioned a loan amounting to Rs 148.60 crore in 2011 to the private company for financing individuals, Joint Liability Groups and Self-Help Groups under the tie-up arrangement under the RBI Scheme to 5,762 sugarcane farmers supplying sugar produce to said private company during the period from January 25 to March 13, 2012.
  • Uber CEO wants the 'love back' after rough 2017

    Uber CEO wants the 'love back' after rough 2017

    Economy

    Ride-hailing app firm Uber saw its losses spiral by 61% to $4.5bn (£3.2bn) in 2017, up from $2.8bn in 2016 - despite an 85% increase in revenue to $37bn. To make matters worse, Khosrowshahi discovered that Uber had covered up a computer break-in that stole personal information about millions of riders and drivers.
  • SEC blocks Chinese-led takeover of Chicago Stock Exchange

    SEC blocks Chinese-led takeover of Chicago Stock Exchange

    Economy

    The tie-up was initially approved by the Committee on Foreign Investment in the United States, pending further approval by the Securities and Exchange Commission (SEC). While the investment got an initial vote of approval by SEC staff in August 2017, the commission ultimately ruled that the deal did not meet the rules that govern U.S.
  • Investment Doubling Stocks: The Kraft Heinz Company (NASDAQ:KHC)

    Investment Doubling Stocks: The Kraft Heinz Company (NASDAQ:KHC)

    Economy

    The stock of The Kraft Heinz Company (NASDAQ: KHC ) hit a new 52-week low and has $65.74 target or 5.00 % below today's $69.20 share price. Comerica Securities Inc. Kraft Heinz, the company behind Jell-O and Heinz baked beans, on Friday reported a decrease in fourth-quarter organic sales as demand weakened in the US.
  • 'It isn't easy admitting you were one of Barry Bennell's boys'

    'It isn't easy admitting you were one of Barry Bennell's boys'

    Economy

    Almost 800 victims have come forward against more than 100 coaches, leading to accusations that some of the game's most famous and loved clubs covered up allegations of abuse of boys in their care. "How can it be that no one realized something was wrong?" He regularly drove some of his victims to the club's then Maine Road stadium and Platt Lane training ground - although there was no evidence that abuse took place at either location.
  • Google Switches On Its Chrome Ad-Blocking Filter

    Google Switches On Its Chrome Ad-Blocking Filter

    Economy

    Depending on how many instances occur, they achieve a status of Passing, Warning, or Failing. They are reportedly anxious that the responses gathered and other research conducted will apply neither to typical Google ads, nor to specific ones that run on its popular subsidiary YouTube.
  • Celebrate National Pizza Day with deals and steals

    Celebrate National Pizza Day with deals and steals

    Economy

    Across more than 90 locations, Pizza Patron is offering any specialty pizza for just $5.99. Get two medium 2-topping pizzas for $5.99, plus Hut Rewards members get 30 percent off menu-priced pizzas. Pizza Hut has two medium any-topping pizzas for $6.99 each. Current specials start at a package of a medium, one-topping pizza, two soft drinks and 25 play points for $19.99.
  • Yields rise as stocks pare losses, on hawkish BoE

    Yields rise as stocks pare losses, on hawkish BoE

    Economy

    USA stocks resumed their slide and oil touched its lowest level of the year. However, on Monday, the Treasury bond yields saw buying as investors fled to safe-haven instruments leading to fall in U.S. central bank is not behind the inflation curve. When bond prices go lower, their yield increases. Analysts at Mizuho point out that the two-year Treasury yield is now higher than the S&P 500's forward dividend yield, which prompts a "psychological test" for investors.
  • LL Bean tightens unlimited return policy

    LL Bean tightens unlimited return policy

    Economy

    Bean's wonderful, lifetime return policy - even though I had purchased many items from them over the years, including a backpack, a compass and many turtlenecks. Shoppers may still return products for any reason prior to the one-year limit. "After seeing a customer trying to return boots that no longer fit her growing daughter and another customer "returning" a bag of clothes from goodwill within 10 minutes of each other at Christmas, I say 'great move Beans!' Loyal customers know your ...
  • Dems Guilty of 'Treason' for Not Cheering My Lies

    Dems Guilty of 'Treason' for Not Cheering My Lies

    Economy

    Some suggest that President Trump is diverting us from bad economic news by his preposterous claim of treason . "History is not on our side", Trump acknowledged, assuring that, traditionally, the voters of the party that has won the presidency in the previous elections "become complacent" and reduce their participation in the following legislative elections, which benefits to the opposition.
  • Marking 100 years since (some) women won the vote

    Marking 100 years since (some) women won the vote

    Economy

    A bundle of these posters, delivered to Cambridge, survived to be rediscovered 106 years later in 2016. The conversation has re-emerged as we arrive at the 100 year anniversary of the Representation of the People Act , giving women over 30 and "of property" the right to vote.
  • Oil drops as volatility concern counters reported inventory draw

    Oil drops as volatility concern counters reported inventory draw

    Economy

    The American Petroleum Institute ( API ) reported a draw of 1.050 million barrels of U.S. crude oil inventories for the week ending January 30, according to the API data. The purchases of USA oil aren't likely to continue, given the U.A.E.'s own supply, Lipow said. China, the second-largest economy in the world behind the United States, reported in January that gross domestic product expanded 6.9 percent from 2016, beating expectations by about 0.2 percent.
  • Wells Fargo to stop growth after compliance concerns with Fed

    Wells Fargo to stop growth after compliance concerns with Fed

    Economy

    Until the Fed determines that the bank's practices have improved, the bank can not increase its assets beyond $1.95 trillion, where they stood at the end of 2017. The company kept coming under fire after revealing that auto-loan clients were forced to pay for unwanted vehicle insurance and that mortgage customers were improperly charged fees.
  • Bitcoin sinking like a stone with cryptocurrency market in freefall

    Bitcoin sinking like a stone with cryptocurrency market in freefall

    Economy

    Ethereum meanwhile, which hit an all-time high of $1,432.88 on January 13, traded around $577 on Tuesday, marking a near 60 percent decline in a few weeks, according to Coinmarketcap .com data. British bank Lloyds Banking Group said on Sunday it was banning customers from using credit cards to buy bitcoins It joined USA banking giants JPMorgan Chase & Co and Citigroup, which announced similar bans on concerns the lenders could be held liable when the volatile currencies plunge in value.