The Bank of Canada is raising its trend setting interest rate as the resilient economy hums along and a big source of trade uncertainty is finally out of the way.
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Chinese tech stocks traded in the US are set to take hit Thursday as both tech stocks and Chinese stocks have been punished overnight.Thursday's sell off comes after the Dow Jones industrial average tanked 831 points, or 3.15%, on Wednesday as traders grappled with global growth concerns, trade fears, and the possibility of more Federal Reserve interest rate hikes. The tech sector took a beating on Wednesday when the FAANG companies lost a collective $172 billion in value.
RRB Group D admit cards will be released for only those candidates who have successfully completed his her application. The exam will be of 90 minutes consisting of 100 questions 25 from Mathematics, 30 from General Intelligence and Reasoning, 25 from General Science and 20 from General Awareness and Current Affairs.Now, Indian Railways has announced a good news for a section of candidates who have applied for RRB Group D exam. Those candidates who have somehow failed to appear in the September 26 Computer Based Test (CBT) due to West Bengal Bandh can appear in the exam again. This certainly includes the candidates who had reached late at their exam centre due to unforeseen circumstances.
Two Wall Street analysts on Tuesday raised their price targets on Microsoft (MSFT) stock ahead of the company's fiscal fourth quarter earnings report, due after the market close Thursday.Raymond James analyst Michael Turits reiterated his strong buy rating on Microsoft and upped his price target to 124 from 110. Piper Jaffray analyst Alex Zukin maintained his overweight rating on Microsoft and raised his target to 123 from 115.
The Centre has increased the import duty on crude and refined soft edible oils such as soy oil, sunflower oil and rapeseed on Thursday. Duty on crude soft edible oils has been hiked to 35 per cent and on and soft oils to 45 per cent.
The BSE Sensex rose almost 184 points to an intra day high of 35,877.41 points on Wednesday, while the Nifty50 surged close to 50 points to a high of 10,888.90 points. The Bank Nifty was trading higher by 0.25 per cent on the NSE. Sun Pharma, TCS, Wipro, Infosys and Yes Bank were the top gainers on the BSE. Among the losers were Bharti Airtel, HUL, ONGC, Kotak Bank and HDFC. Healthcare stocks Lupin, Sun Pharma and Cipla shone on the NSE.On Wednesday, Asian shares slipped as investors shifted focus from the historic U.S. North Korea summit in Singapore to the Federal Reserve policy decision later in the day which may hint at future rate hikes, Reuters reported. Erasing the slim gains made a day before, MSCI 's broadest index of Asia Pacific shares outside Japan dropped 0.5 percent. Technology shares continued to lead the rally on the Wall Street, with the Nasdaq Composite adding 0.57 percent to finish at record high of 7,703.
Shares of Tata Steel, TCS, NTPC, Infosys, Yes Bank, Bharti Airtel, HDFC Bank, Dr Reddy;s emerged as the top gainers while shares of ITC, SBI and Sun Pharma were the top laggards among the BSE Sensex components on Friday.Following the uptick in India 's stock market, the domestic currency also strengthened against the US dollar in morning trades. The Indian rupee regained about 14 paise to 68.2 against the US dollar at the interbank foreign exchange market on Friday. Besides increased selling of the US dollar by exporters as well as banks, a higher opening in the domestic equity market supported the rupee, PTI reported citing unidentified forex dealers. Earlier yesterday, the rupee recoiled back from 18 month lows and closed 8 paise higher at 68.34 against the US dollar after minutes of the Federal Reserve committee revealed a relatively dovish stance over interest rate hikes. The Reserve Bank of India fixed a reference rate of 68.2139 against the US dollar on Thursday.
This came after a committee constituted by the Delhi High Court examined the records of 1,169 private schools in order to implement the recommendations of 6th Central Pay Commission, reported PTI. The schools are directed to refund the fees within seven days and ensure disbursal of pending payment of salaries if any, said an order released by the Directorate of Education.On May 10, the Delhi government directed two private schools to roll back fee hikes and sent a de recognition notice to another private school over violation of rules after parents approached Chief Minister Arvind Kejriwal.
Video captured by Canita Adams shows the Saraland Police Department officers arresting Chikesia Clemons at a Waffle House at 2 am on Sunday, Aprill 22, 2018. During the arrest, Ms. Clemons top slides down exposing her breasts.
Trump said on Thursday that he had directed US trade officials to identify tariffs on $100 billion worth additional Chinese imports, escalating the dispute between the world s two largest economies. Asia shares ex Japan slipped 0.13 per cent, while US stock futures fell more than 1 percent. Global markets have been volatile this week amid the back and forth of the US China trade conflict.Losses may however get capped by positive sentiment created by RBI monetary policy which sounded dovish and triggered a sharp rally in the previous session. "The RBI has left the repo rate unchanged at 6% as was widely expected. However, the policy undertone was more neutral this time versus the hawkish stance in the previous policy. Specifically, CPI projection for FY19 has been marked down by 30 40bps to 4.6%, reflecting the downward surprise in the incoming data in recent months. Still, the RBI feels that the risks are tilted to the upside given uncertainty around MSP hikes, fiscal slippage and crude oil prices. Meanwhile, the policymakers see the growth momentum picking up helped by early signs of capex revival and improving global demand, although GDP forecast for FY19 has been retained at 7.4%. Overall, it was a status quo policy review with neutral bias. We continue to expect a pause in the rates going forward as well," said Edelweiss Securities.
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It has also reduced 1GB data rate to Rs 4 for a 1 day validity plan. The company will also offer 20 per cent more data to users of Rs 399 plan by enhancing its validity by two weeks under its Happy New Year 2018 offer, sources added. Now with this latest announcement, Rs 199, Rs 399, Rs 459 and Rs 499 plans will cost Rs 50 less.Jio 's Rs 198, Rs 398, Rs 448 and Rs 498 plan will offer 1.5 GB of 4G data per day and have validity of 28 days, 70 days, 84 days and 91 days, respectively. All Jio plans will continue to offer free unlimited calling and SMSes within India even during roaming. The company had last month announced two plans priced at Rs 199 and Rs 299 with with 28 days validity offering 1.2 GB and 2 GB data per day, respectively.
This doesn 't mean the Trump administration and current Republican congress haven 't been able to change health care in the US, though. The former has cut funds for Obamacare enrollment outreach and passed regulations that chip away at reproductive health coverage provisions of the Affordable Care Act, while the latter just voted to approve a new tax bill that would end the ACA 's individual mandate, and likely result in rapid insurance premium hikes.The government doesn 't seem too concerned about children 's health either, based on its failure to renew federal funding for the Children 's Health Insurance Program (CHIP). Since it passed in 1997, CHIP has been instrumental in ensuring the health care coverage of children in US families that aren 't poor enough to qualify for Medicaid, but cannot afford any other form of insurance. Depending on the state, that includes families with incomes ranging from 300% to 200% of the federal poverty line. There are 8.9 million children currently enrolled.
Bharti Airtel has ramped up capital spending on its Indian 4G network to 250 billion rupees ( euro;3.32 billion) from INR200 billion for the current financial year.The Economic Times reported this week that the India based telco has also revealed plans to shut down its 3G network and refarm spectrum in the 2 hellip;Bharti Airtel has ramped up capital spending on its Indian 4G network to 250 billion rupees ( euro;3.32 billion) from INR200 billion for the current financial year.The Economic Times reported this week that the India based telco has also revealed plans to shut down its 3G network and refarm spectrum in the 2.1 GHz band for 4G.Gopal Vittal, CEO of Bharti Airtel's India and South Asia division, said during the company's results call on Wednesday that the money will be used to improve RAN coverage and add capacity to Airtel's fibre backhaul networks, in a bid to stave off intense competition. "When pricing stays low, capex is required to deliver a better customer experience, especially as we are seeing a massive growth in data throughput and data demand, " he explained, according to the report.Bharti Airtel also plans to reuse its 2.1 GHz spectrum ndash; currently used for 3G services ndash; for 4G. Ergo, the telco plans to wind down its 3G network over the next three to four years to free up the frequencies. Meanwhile, its 2G network will be maintained for the foreseeable future, because 50% of phones shipped to India are still basic feature phones, Vittal said. "We are likely to see the 3G network actually shut down faster than the 2G network, " he said.The comments were made alongside the publication of Bharti Airtel's fiscal second quarter results.Group revenue for the three months to 30 September fell to INR217.77 billion from INR246.52 billion a year ago, driven by a double digit decline in India, which is still reeling from the damaging price war. Net income plunged 76.5% to INR3.43 billion from INR14.61 billion.In a statement, Vittal said he expects further downward pressure following the Telecom Regulatory Authority of India (TRAI)'s decision to reduce the interconnection usage charge (IUC) to INR0.06 per minute from INR0.14 from the beginning of October. "This will eventually force operator consolidation and exits as we have witnessed in the recent past, " he warned.Bharti Airtel ended September with 366.06 million mobile customers, up from 346.89 million a year ago. Its domestic business saw customers increase to 282.05 million from 259.94 million, while customers at its Africa division grew to 81.93 million from 78.15 million.
To begin with, chipmaker Qualcomm announced the new Snapdragon 636 SoC for mid range smartphones. An upgrade over Snapdragon 630 SoC that was launched earlier this year in May, the new chipset brings significant improvements across areas such as performance, gaming and displays.Then, came in a report that claimed that Reliance Jio is likely to increase its tariffs by 24 percent in the coming few days. We expect Jio to raise tariffs by 24% on its most popular plan (Rs 399) in the next few days, based on the pattern of its recent price hikes. We already expect Jio to take away promotions altogether by end of FY18 and any such move in the near term would be viewed positively by investors, Goldman Sachs said in an analyst report.