Page 20 - Video Gallery

US is set to steal oil market share from OPEC over next 5 years, says International Energy Agency

New Delhi, Mar 06 (ANI): The International Energy Agency says the U.S. will steal oil market share from OPEC producers and get closer to becoming self sufficient as a result of scaled up shale production. Fred Katayama reports. The U.S. is set to steal oil market share from OPEC over the next five years. The International Energy Agency says the surge in U.S. shale oil production will help what was once the world's top oil importer get closer to becoming self sufficient. What's more, the agency says that by 2023, the U.S. will become by far the world's top producer of oil liquids.

Insurer AXA buys Bermuda-based XL Group for over $15 billion

New Delhi, Mar 06 (ANI): Europe's second biggest insurer, AXA says it's buying the Bermuda-based XL Group -for over $15 billion. Financing the deal with debt, cash and the proceeds of the IPO of its U.S. business. The move is one of the latest M and A's in the insurance market. Last month American International Group said it's buying reinsurer Validus for around $5.6 billion. A sign insurers are trying to strengthen their businesses, in the face of tighter regulation and falling returns. AXA is offering just over $57 for each XL share -a 33 percent premium to Friday's closing price.

India will maintain rapid growth rate, says FM Jaitley

New Delhi, March 05 (ANI): Union Finance Minister Arun Jaitley on Sunday said that India will most definitely retain its position of a 'fast growing economy' in the coming decades. "We (India) are looked at as one of the bright spots in the world and over the next one or two decades our potential to retain that position of a fast growing economy, as China did in the last three decades," Jaitley said while addressing students at the 17th convocation of Jammu University. Jaitley also said that the economy today is market-determined and this trend is likely to grow. "If you actually see the nature of the world economy or Indian economy and you look at the largest companies today, compare it with the list of companies which existed prior to 1991; (prior to 1991), it was more regulatory, and post 1991, it is market determined. This nature of economy globally and also in India is going to expand further," he said. He also appreciated the efforts by the state government and Jammu University t

Relax deadline for linking Aadhar with bank accounts, recommends ASSOCHAM

New Delhi, Mar 04 (ANI): Industry body Associated Chambers of Commerce and Industry of India, ASSOCHAM, on Sunday urged the Government to extend deadline for linking bank accounts with Aadhar cards. The body specified to extend linking especially in Public Sector Banks (PSBs) post-PNB Scam. ASSOCHAM said that economy has just come out of the impact of Demonetisation and GST, and there are challenges in linking accounts. The deadline for linking bank accounts with Aadhar is March 31.

Uber Co-Founder to launch new cryptocurrency

New Delhi, March 04 (ANI): Garrett Camp, Co-Founder of ridesharing, food delivery and transportation network company Uber has announced to launch his own cryptocurrency- Eco. Camp wants Eco to be elevated as a digital global currency and used as a payment tool around the world for daily use transactions. He is also the founder of the accelerator fund Expa. Initially, out of one trillion tokens for Eco issued, half will be given away to the first one billion verified humans that sign up. Camp, along with some partners affiliated with Expa, will also donate USD 10 million to seed the foundation with an operating budget.

Tariffs could hurt US producers and jobs, experts warn

New Delhi, Mar 03 (ANI): Some CEOs and economists say the import tariffs on steel and aluminum that President Trump vows to impose could hurt the U.S. economy by raising prices and destroying jobs. The tariffs on imported steel and aluminum that President Donald Trump vows to impose could offer relief for those US industries. But some CEOs and economists say they'll hurt the U.S. economy by raising prices and inviting retaliation against U.S. exporters. And some experts say tariffs will destroy more jobs than the import curbs create. Companies may have to pay higher prices for those metals. Construction and car makers are the heaviest users of steel. The American International Auto Dealers Association warns, consumers could end up paying more for cars and trucks. Construction equipment maker Caterpillar says most of the steel it uses is domestic. But it fears the tariffs could push up domestic steel prices along with prices of imported steel. That, the company says, would put it at a d

Wall Street pares losses from tariff threat

New Delhi, Mar 03 (ANI): The S and P 500 bounced back from a 30 point deficit on March 2 after initially plunging on fears of a global trade war. The indexes suffered losses for the week. President Donald Trump tweeted Friday that trade wars are "good, and easy to win," showing defiance as he faced global criticism for vowing to slap import tariffs on steel and aluminum. Global Markets Advisory Group senior market strategist Peter Kenny says the S and P needs to fall more to test a key technical level: Investors sought safety, bidding up gold, the Japanese yen and government bonds. They also bought defensive stocks like telecom, utility consumer staples stocks. J.C. Penney shares plunged. The department store chain's quarterly sales at established stores rose but fell short of analysts' estimates. Footlocker stumbled. Traffic at its U.S. stores was flat, and same-store sales fell more deeply than expected. Trump threatened a 25 percent tariff on steel imports and 10 percent on aluminum

World's 500 richest lose USD 107 billion combined

New Delhi, Mar 03 (ANI): In a massive week of disappointment to world's richest 500 incurred $107 billion in combined this week. Facebook's CEO Mark Zuckerberg was the top on the list after losing $ 3.2 billion as large cap stocks disappointed for a fourth straight day, according to Bloomberg Billionaires Index was followed by Spain's Amancio Ortega and Mexico's Carlos Slim, both facing set back of $ 2.4 billion. Chinese tycoons saw a loss of $ 16 billion.

US to impose steel, aluminum tariffs

New Delhi, Mar 02 (ANI): U.S. President Donald Trump said the United States will impose tariffs on steel and aluminum imports from next week. For steel, it's a 25 percent tax. For aluminum, ten percent. Trump said the tariffs will protect U.S. industry. But critics said they will only raise costs without adding jobs. Steel stocks rose on the news. But industrials, including Boeing and Caterpillar, took a beating on fears that tariffs could hit profits. The sector took the rest of Wall Street along for the ride. The tariffs will likely increase tensions with China. The country already indicated it could retaliate by targeting U.S. agricultural imports, such as soybeans.

Railway tickets to get cheaper

New Delhi, Mar 02 (ANI): Indian Railway tickets will get slightly cheaper as Merchant Discount Rate (MDR) charges will not be levied on passengers booking tickets through debit cards up to Rs. one lakh. The move by the Government will benefit passengers booking train berth from counter as well as Indian Railway Catering and Tourism Corporation (IRCTC) website. The instructions have been issued to Department of Financial Services. The move is to promote digital and cashless transactions, according to railway officials.

Harley-Davidson invests in electric motorbike maker Alta Motors

New Delhi, Mar 02 (ANI): Famous American motorcycle manufactures Harley-Davidson has invested and became a stake-holder in Alta Motors, a light vehicle EV drivetrain maker based in Brisbane, California. The investment by Harley comes ahead of launching its first electric-bike scheduled in 2019. The collaboration between two manufacturers will focus in producing electric urban motorcycles. Alta specializes in making off-road light weight electric motorbikes.

FM Jaitley launches GPF module for government employees

New Delhi, Mar 01 (ANI): Finance Minister Arun Jaitley on Thursday launched a centralised General Provident Fund (GPF) module on the occasion of 42nd Civil Accounts Day. The electronic Pension Payment Order (ePPO) includes integration of the BHAVISHYA application of Department of Pension and Pensioners' Welfare and the Pension Authorization Retrieval and Accounting System (PARAS) application of Central Pension Accounting Office (CPAO) with Public Financial Management System (PFMS) for seamless processing of pension cases thereby eliminating delays and errors.

UClean launches Mint Clean to provide door-to-door cleaning solutions

New Delhi, Feb 28 (ANI): UClean, an integrated laundry, and cleaning solutions company announced the launch of Mint Clean, an on-demand direct-to-home (DTH) cleaning and home health company, which will offer door-to-door cleaning solutions through a "man and van" model. The company also raised an initial funding of USD 1 Million from Franchise India, a franchising and licensing solutions company and a US-based angel investor, Anubhav Chopra. The funds would primarily be deployed towards creating a solid technical platform to facilitate this business, which is predominantly B2B2B and B2B2C in nature. The funds would also be utilised to recruit suitable franchises and then support them with leads through marketing. The brand was officially launched in January this year and has commenced pilot operations from Delhi NCR.

MakeMyTrip, OYO to partner for seamless bookings

New Delhi, Feb 27 (ANI): Popular online travel company MakeMyTrip Ltd. and budget hospitality provider OYO have announced their partnership whereby the latter's chain of hotels across India, Malaysia and Nepal will be listed and available for booking on MakeMyTrip across its popular OTA brands, MakeMyTrip and Goibibo. The partnership also aims to add momentum to India's rapidly growing travel sector by bringing together OYO's base of economy, mid-segment and vacation rentals assets and the online travel customer-base served by MakeMyTrip, Goibibo and RedBus.

Be safe before buying car insurance

New Delhi, Feb 26 (ANI): Buying a car is not only costly but also involves emotional value. It is important to choose the right car insurance. Here are some tips to keep in mind before buying car insurance: A comprehensive car insurance policy covers third party liability along with the personal accident or self-vehicle damage and theft. Therefore, it is better to buy a comprehensive insurance plan. The best mode of purchasing a car insurance policy is buying it online. This allows one to get a better deal for a similar type of plan, as compared to buying it offline. An insurance policy that offers cashless facility will save one from making several rounds of follow-ups, e-mails, and visits to the insurance company for reimbursement. Choose a brand that is known for their customer service and 24x7 customer support. It is important to look for a company's No Claim Bonus (NCB) policy.

Indian businesses must realise habit of ethical business: FM Jaitley

New Delhi, Feb 24 (ANI): Union Finance Minister Arun Jaitley attended Global Summit 2018 on Saturday. While addressing the gathering, FM Jaitley emphasised on the habit of doing ethical business instead of ease of business. "Cases of willful default is something which is much more than a business failure and also bank frauds." He added that if these incidents occur periodically, then the entire effort of ease of doing business goes to background and these scars on the economy take the front sea.

If elections are held every 5 years, India will see comfortable governance: Arun Jaitley

New Delhi, Feb 24 (ANI): In an interactive session at Global Summit 2018, Union Finance Minister Arun Jaitley on Saturday said India will see comfortable governance at the Centre and state if elections are held every five years. "From both governance and expenditure point of view to have 2-3 elections every year is a serious challenge. At least if elections are held every five years India will see comfortable governance at the Centre and state, and policy formulation beside lesser expenditure", he added.

Unfortunately, in Indian system we politicians are accountable but regulators are not: Arun Jaitley

Mumbai (Maharashtra), Feb 24 (ANI): After playing onscreen characters like Alauddin Khilji and Peshwa Baji Rao in Sanjay Leela Bhansali's 'Padmaavat' and 'Bajirao Mastani' respectively, it's clearly obvious that there is nothing that Ranveer Singh cannot do. The actor has the ability to pull off any role with complete ease. Recently at the Football Movement Conference, he was asked if he wishes to play the character of any footballer in a Bollywood movie then which one it would be. While asking for suggestions from the audience, Ranveer agreed that he can pull off Dutch footballer, Stefan De Vrij.

Uber to invest aggressively in Southeast Asia

New Delhi, Feb 23 (ANI): Uber is set to invest aggressively in Southeast Asia. The growth planning includes India, one of Uber's fastest-growing international markets, but also one of the places where Uber faces fierce competitors, some of which have a backing from Uber's new investor, SoftBank.

Now, pre-order your meals with 'Swiggy Scheduled'

New Delhi, Feb 23 (ANI): Food ordering and delivery platform Swiggy has announced the launch of its brand-new offering, 'Swiggy Scheduled,' allowing users to plan and order their meals in advance. With Swiggy Scheduled, users can now place their orders in slots of 30 minutes, a minimum of two hours and maximum of 48 hours in advance. This convenience does not come at an additional cost as there will be no delivery charges on the service. In case of cancellation, the users can do so on the app itself, any time before the order becomes live.