Markets

Post-GST, tax collection in Goa drops 22 per cent

The council reduced tax rates on 27 items of mass consumption, gave relief from filing monthly tax returns to small and medium businesses and nearly exempted exporters from paying tax till March 2018. Certificate of GST payment can then be provided to service-provider in the manner TDS certificates are given in Income Tax Act. The registered buyers from such small taxpayers would be eligible to avail input tax credit on a monthly basis. Read More

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Ongoing Uber Power Struggle Is Still Ongoing

Ongoing Uber Power Struggle Is Still Ongoing

More importantly, the board agreed to strip "super-voting" rights of certain investors that held multiple votes per share , and institute a new "one share, one vote" standard for all investors. However, after corporate governance proposals were presented last week , he made a decision to exercise his right to appoint Burns and Thain. The governance proposal, written with the help of Goldman Sachs Group Inc., would shift Uber shareholders to one share, one vote. Read More

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Clashes As 'Rebels' Storm Indian Base In Kashmir

Clashes As 'Rebels' Storm Indian Base In Kashmir

Suicide attackers of the Pakistan-based JeM terror group stormed a BSF camp with guns and explosives near the Srinagar airport on Tuesday morning, leading to battles that left all three attackers and a trooper dead. However, IGP Kashmir Munir Khan said security forces were looking for six to seven terrorists."We need to neutralise them very fast", he added. A suspected militant attack killed three people in Tral last month , while an Indian policeman was lynched in Srinagar in June . Read More

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Roku Prices Shares at $14, Valuing Company at $1.3 Billion

Roku Prices Shares at $14, Valuing Company at $1.3 Billion

Roku announced that it had generated revenue of just over $199.6 million during the six-month period ending on June 30. But it also burned more cash than the year before, reporting a net loss of $42.6 million for the year. (NASDAQ: AMZN)'s Fire TV and Apple Inc . Even though CEO Wood isn't anxious about his company's ability to compete, investors will have to decide if Roku's market share and option-oriented platform are enough to set the streaming device maker apart. Read More

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U.S. dollar strengthens after Fed moves

With hurricanes Harvey and Irma clouding some economic data - temporarily raising gas prices, likely restraining hiring and potentially depressing growth in the July-September quarter - some analysts assumed the bank wouldn't have enough information by December to assess whether the economy had rebounded from the storms. Read More

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Amazon Blamed for Toys R Us Bankruptcy

Amazon Blamed for Toys R Us Bankruptcy

Dave Brandon, chairman and CEO of Toys "R" Us , wrote a statement on the company's website saying that the bankruptcy filing signifies the beginning of a new chapter for the company in effectively handling its financial problems. Toys "R" Us hopes to restructure its debt, get a new growth plan and reorganize its stores. "Oh my God, they are very important, and people don't understand", Isaac Larian, founder and chief executive officer of MGA, said of the toy chain. Read More

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Apple shows new Apple TV that supports sharper TV shows and movies

Apple shows new Apple TV that supports sharper TV shows and movies

The most comforting news for all potential buyers is that Apple are bringing Amazon Prime Video to Apple TV , enabling users to enjoy Amazon Originals in their glorious 4K format, provided you're subscribed to Amazon Prime of course. The 5th-gen lower-tier Apple TV model should be priced at $99, but it won't be. The Apple TV can now be used to control your HomePod device. As expected Apple announced availability of 4K and HDR-enabled iTunes videos. Read More

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American household income finally topped 1999 peak previous year

American household income finally topped 1999 peak previous year

In a stark reminder of the damage done by the Great Recession and of the modest recovery that followed, the median American household past year finally earned more than it did in 1999. Nevertheless, the Census data indicates that the most recent income gains have pushed household income close to where it stood in 2007. The income gains reflect mostly a rise in the number of Americans with jobs and in people working full time, the agency said. Read More

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16th Anniversary: 20 Pictures We'll Never Forget

16th Anniversary: 20 Pictures We'll Never Forget

Almost 3,000 people were killed in 2001 when hijackers flew commercial airplanes into New York's World Trade Center , the Pentagon and a field near Shanksville, Pennsylvania. At 9:03 a.m. a plane crashed into the second tower of the World Trade Center. Following are some of the tributes posted on social media by people, including celebrities and politicians, using the hashtag "Never Forget" and "September 11". Read More

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China Tightens Cryptocurrency Crackdown

China Tightens Cryptocurrency Crackdown

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, after banning initial coin offerings last week ( See: China bans ICOs in crackdown on cryptocurrency ). Given that the Chinese government and its financial regulators had not released any abrupt regulations on bitcoin, Ethereum and the cryptocurrency market in general, bitcoin price was on an ideal trajectory towards achieving the interim targets of various prominent financial analysts ... Read More

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Death toll mounts to 61 after Mexico's deadliest natural disaster

Death toll mounts to 61 after Mexico's deadliest natural disaster

As a result of the quake, the Pacific Tsunami Warning Center warned of tsunami waves more than 10 feet high hitting some coasts of Mexico . An quake of 8.1 magnitude caused extensive damage in southern Mexico Thursday evening. Japan's weather agency has said quake-induced tsunamis may cause slight sea-level changes on Japan's Pacific coast early Saturday, with no damaging waves expected. Read More

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Piyush Goyal reiterates focus on railway safety

Piyush Goyal reiterates focus on railway safety

The new minister said his predecessor was his mentor with whom he had worked on earlier occasions. Prime Minister Narendra Modi has revamp his cabinet. Later, Goyal held a meeting with the Railway Board Members. "For this, the country will be indebted to him, the ministry is indebted to him. My colleagues and I will continue to run on those tracks", Goyal said. Read More

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Japan's Princess Mako Announces She Is Engaged To Her University Boyfriend

Japan's Princess Mako Announces She Is Engaged To Her University Boyfriend

After receiving approval from the emperor, the princess has formally announced her engagement to a commoner, and, in doing so, has signaled the forfeiture of her royal status. But due to the unfortunate torrential rain that flooded northern Kyushu that month, the royal family chose to postpone the announcement. Like all female imperial family members, Mako, who is Emperor Akihito's eldest granddaughter, forfeits her status upon marriage to a commoner under a controversial tradition. Read More

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Brokenshire in Stormont talks with five main NI parties

Brokenshire in Stormont talks with five main NI parties

Sinn Fein was responding to DUP leader Arlene Foster's appeal late Thursday to rejoin the devolved government while the two sides continue negotiations "in parallel" to resolve long-term differences. "We have no red lines". Addressing her party executive for the first time since the General Election, she dismissed claims that the DUP did not want a return to devolution because of "the unprecedented position" it now finds itself in Westminster. Read More

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Prince William, Duchess Catherine Expecting 3rd Child: Palace

The news was announced as the royal couple were preparing to send their eldest child, Prince George , off to school for the first time. "The Queen and members of both families are delighted with the news", the palace said. It was not immediately clear when the baby is due although betting agencies were beginning to offer odds on possible names for the soon-to-be-born child in the House of Windsor. Read More

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Extreme Heat, Fire Grips Calif. Ahead of Holiday Weekend

Extreme Heat, Fire Grips Calif. Ahead of Holiday Weekend

High temperatures today will be 105 to 110 in Riverside and Lake Elsinore, 92 to 99 in the mountains, 109 to 114 in the San Gorgonio Pass and 109 to 114 in the Coachella Valley. Because of the blazes, air quality has been rated unhealthy across the region. The National Weather Service in Portland noted that if the current forecast verifies it will be the hottest Labor Day weekend on record there. Read More

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Societe Generale Analysts Give Crh Plc (CRH) a GBX 3400 Price Target

Societe Generale Analysts Give Crh Plc (CRH) a GBX 3400 Price Target

Peel Hunt maintained Playtech PLC (LON:PTEC) rating on Thursday, February 25. The stock has "Buy" rating by Piper Jaffray on Wednesday, June 28. Numis Securities maintained Whitbread plc (LON:WTB) on Monday, January 30 with "Hold" rating. It has underperformed by 16.70% the S&P500. The Firm is a multichannel retailer. The company has market cap of 9.25 billion GBP. The Firm is engaged in variety retailing in the United Kingdom and Germany. Read More

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Democratic Senator Urges Trump To Sell Oil In Strategic Reserves

Democratic Senator Urges Trump To Sell Oil In Strategic Reserves

Higher gasoline prices could affect consumer spending nationally, but the impact "should be small and temporary as production and refining come back on line", according to Ryan Sweet of Moody's Analytics. The U.S. Department of the Interior's Bureau of Safety and Environmental Enforcement said that about 13.5 percent of oil production in the Gulf of Mexico was shut in on Thursday due to the storm. Read More

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Area gas prices up 14 cents in recent days

Area gas prices up 14 cents in recent days

Canadian suppliers trying to re-up are having to buy gas nine to 14 cents more expensive than previous. Maybe with all the money you're not paying at the pump, you can afford to provide a financial helping hand. It is not clear how much damage these refineries sustained or how soon they will reopen. He said the worst thing you can do is try to come buy gas when you don't need it. Read More

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Pacemaker patched... one year after critical flaws reported

Pacemaker patched... one year after critical flaws reported

RECOMMENDATIONS: The firmware update requires an in-person patient visit with a health care provider - it can not be done from home via Merlin.net. The FDA notes that on August 23, it approved the firmware update "that is now available and is intended as a recall , specifically a corrective action, to reduce the risk of patient harm due to potential exploitation of cybersecurity vulnerabilities for certain Abbott pacemakers". Read More

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Oil prices dip on refinery shutdown

Oil prices dip on refinery shutdown

At the same time, U.S. gasoline prices spiked to their highest level since the middle of 2015 after the storm knocked out almost a quarter of USA refineries. Brent's front-month finished up $0.11, or 0.2%, at $52 a barrel on London's Intercontinental Exchange. However, the assessment does not include the impact of storm Harvey . Read More

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Ahead of the Bell: Economy-GDP

Ahead of the Bell: Economy-GDP

Goods exports increased by 2.3 percent in the second quarter, with goods imports up by 1.6 percent. "If not for the uncertain impact of Harvey, we would be tempted to raise our current 2.4% estimate for Q3 GDP growth", he says in an economics update . Read More

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Beyonce, Dwayne Johnson and more help Hurricane Harvey relief efforts

Beyonce, Dwayne Johnson and more help Hurricane Harvey relief efforts

A young boy sleeps at the George R. Brown Convention Center that has been set up as a shelter for evacuees escaping the floodwaters from Tropical Storm Harvey in Houston, Texas, Tuesday, Aug. His video came a day after he posted his original challenge , asking fellow artists to donate at least $25,000 to his hurricane relief fund . MileagePlus members who give to the American Red Cross , AmeriCares , Airlink or Operation USA through United's fundraising page can receive up to ... Read More

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