Page 26 - Video Gallery

Sears Holdings Corporation's shares soar as loss narrows, sales continue to drop

New Delhi, Dec 01 (ANI): Sears Holdings Corporation suffered a third-quarter loss as the ailing department-store faces a critical test during the holiday shopping season. The iconic department store chain shut down many of Kmart and Sears stores and lowered its operating costs. Though shares of Sears surged on the news, but they've dropped more than 50 percent this year. Once the largest U.S. retailer, Sears warned earlier in March that it could file for bankruptcy. The American holding company has not been able kept up with online competitors like Amazon. Sears' sales have been falling for years, with third quarter numbers marking its 24th straight decline.

NSDC, Arvind Ltd. to train around 20,000 youth under Pradhan Mantri Kaushal Vikas Yojana

New Delhi, Nov 30 (ANI): The National Skill Development Corporation (NSDC) on Thursday announced its collaboration with Arvind Limited to train around 20,000 youth under the Pradhan Mantri Kaushal Vikas Yojana (PMKVY) by 2020. Committed to empower the youth with employable skills, Ministry of Skill Development and Entrepreneurship (MSDE) through its implementation agency, however began its first batch in Bangalore. Under this collaboration, Arvind Limited (Arvind Mills), a leading exporter, supplier and manufacturer of ready-made garments will be the training provider and will offer its infrastructure, space, training facilities and machinery for the skill training. The admissions would be open to all skill training seekers, especially the unemployed youth in the age group of 18 to 35 years. An integrated skill development program under PMKVY, the association entails skill training and further placements being facilitated by Arvind Limited through its nine training centres in Karnataka

Watch: FM Arun Jaitley speaks on GDP

New Delhi, Nov 30 (ANI): Union Finance Minister, Arun Jaitley on Thursday said that this quarter's positive result has been impacted significantly by the growth in 'manufacturing'. The Union Minister, who was addressing a press conference in the national capital, added that last five quarters witnessed a downward trend, which marks reversal of that trend.

GDP to grow upwards in 3rd, 4th quarters: FM Arun Jaitley pins hope

New Delhi, Nov 30 (ANI): Union Finance Minister, Arun Jaitley, on Thursday pinned hope that the GDP's growth movement will be 'upwards' in the upcoming third and fourth quarters, by all trends. The Union Minister was addressing a press conference on the declining GDP in the Indian economy.

Tech stocks drag down Nasdaq

New Delhi, Nov 30 (ANI): Investors fled high-flying tech stocks and shifted to banks, pulling down the Nasdaq Composite Index and driving the Dow to a record high on Wednesday. Bank stocks and strong economic data lifted the Dow to record territory. But a drop in tech stocks dragged down the S and P and Nasdaq. Bitcoin topped $11,000. The crypto currency gained more than $1,000 in just 12 hours, stoking concerns of a bubble. British stocks fell on reports of a breakthrough in Brexit talks, but other European markets rebounded slightly.

No country except India has women heading 40 % of banking sector: Chanda Kochhar

Hyderabad, Nov 28 (ANI): ICICI Bank CEO, Chanda Kochhar, on Wednesday said that barring India, there is no country where 40 percent of the banking sector is headed by women. "There is no other country in the world other than India where 40% of the banking sector is headed by women", Kochhar asserted. She was addressing a gathering during the Global Entrepreneurship Summit 2017 being held in Hyderabad. ICICI Bank is India's largest private sector bank.

Banks lead Wall St to a high, helped by Powell comments

New Delhi, Nov 29 (ANI): The Wall Street hit new records on Tuesday led by bank stocks as investors seized on strong consumer confidence data and comments from United States President Donald Trump's nominee to lead the Federal Reserve, Jerome Powell. Bank stocks like JP Morgan Chase and Bank of America were fuelled by his comments on interest rates and deregulation. The Conference Board's consumer confidence index also surged to a near 17-year high in November. The shares of the restaurant chain, Buffalo Wild Wings, flew higher after the owner of Arby's, Roark Capital bought it for about USD 2.4 billion. European shares were boosted by gains in Royal Dutch Shell and online retailer Ocado.

Meredith Corporation to buy Time Inc. for nearly $3 billion

New Delhi, Nov 28 (ANI): The U.S. media company Meredith Corporation is all set to purchase Time Inc. for nearly $3 billion. New York-based Time Inc. publishes some of the most popular magazines, including Time, People and Sports Illustrated. The deal was made possible by a $650 million injection from billionaire brothers Charles and David Koch. According to Meredith, the Kochs will neither have a seat on its board nor will they have any influence on editorial or managerial operations.

October GST collections slip to Rs 83,346 crore from Rs 92,000 crore in Sep

New Delhi, Nov 28 (ANI): The latest GST collections figures show a significant 10 percent decline in India's goods and services tax collections. The GST collections in October fell to Rs 83,346 crore from more than Rs 92,000 crore September. "95.9 lakh taxpayers have been registered under GST so far, of which 15.1 lakh are composition dealers who are required to file returns every quarter," the government said in a release. "50.1 lakh returns have been filed for the month of October till 26th November 2017." The Centre held several factors responsible for the drop, including additional Integrated GST (IGST) collections in July, August, and September. Other factors include the reduction in tax rates on some items and lower compliance. With more wide-ranging rate reductions to be implemented in November, collections may decline further in the coming months.

Bitcoin rockets to new high at record $10,000 in sight

New Delhi, Nov 28 (ANI): Cryptocurrency bitcoin has soared record high and is just a few percent away from the 10,000 dollar mark. Bitcoin's seemingly unstoppable ascent continues, gaining more than a fifth in value over the past three days alone. The digital currency has seen an eye-watering tenfold increase in its value since the start of the year. Bitcoin surged 4.5 percent on Monday to trade at $9,687 on the Luxembourg-based Bitstamp exchange. Its price has been helped in recent months by the announcement that the world's biggest derivatives exchange operator CME Group will start offering bitcoin futures.

Amazon CEO Jeff Bezos' net worth surpasses 100 billion dollars

New Delhi, Nov 27 (ANI): Chief Executive Officer of Amazon, Jeff Bezos net worth surpassed whopping 100 billion after a great bump in stock price of one of the biggest e-commerce planet in the planet. Amazon CEO was dubbed as the richest man on the planet this year. The sudden jump in the price of Amazon on Black Friday helped Jeff Bezos to surpass the 12-figure mark. He is second on the list to surpass the list, earlier, Microsoft and co-founder Bill Gates hit the mark in 1999.

China-based company WaliMai develops smart label to beat counterfeiters

New Delhi, Nov 26 (ANI): China-based company WaliMai has developed smart labels to beat the counterfeiters selling brand replicas at lower rates. These RFID-based anti-counterfeit labels are fixed to a product and indicated that the product is genuine. Counterfeiting is a big business in China creating trouble for genuine brands and buyers. From designer handbags to cosmetics, from food to medicines, these counterfeiters provide almost all kinds of products. There is 'banking-level' security inside the label that has embedded RFID chip with a re-writable memory. This formula is thought to make it virtually impossible to counterfeit. Each label is single use; and is destroyed when the product is opened. These WaliMai's smart labels will soon be used on alcohol bottles. The company hopes the technology could one day help tackle the huge global problem of counterfeit pharmaceuticals.

Uber to disclose price on SoftBank deal early next week

New Delhi, Nov 26 (ANI): Uber Technologies Inc plans to move ahead with a deal to bring in Japanese technology company SoftBank Group Corporation as a major investor by disclosing the pricing early next week in formal tender offers to the ride-hailing service's investors. Investors will have 20 business days, or about a month, to respond to emails and letters to be sent early next week. SoftBank and Dragoneer Investment Group agreed on Nov. 12 to lead a group that would invest as much as $10 billion in Uber. Selling shareholders must be accredited investors as defined by U.S. regulations and hold at least 10,000 shares of the firm.

GST continues to impact small and medium diamentaires in Surat

Surat (Gujarat), Nov 26 (ANI): The diamentaires and GJEMC (Gem and Jewellery Export Promotion Council) in Surat claim that implementation of Goods and Services Tax (GST) has brought problems for the middlemen and traders involved in internal businesses related to diamonds trade, such as polishing. Dinesh Navadiya, Chairman of GJEPC claims that there is lack of infrastructure and digitalization on the ground level in the diamond trade channel to support GST.

Finance Secretary Adhia requests companies to pass on GST rate cut benefits to consumers

New Delhi, Nov 25 (ANI): Finance Secretary Hasmukh Adhia, on Saturday, requested companies to pass on the benefits of Goods and Services Tax (GST) rate cut to the consumers. He asked the companies to paste stickers of the revised rate of MRP on their products.

Online Black Friday sales top $1.52 billion, less frenzy at U.S. stores

New Delhi, Nov 25 (ANI): It was not even Black Friday yet and already Americans had spent over 1.5 billion dollars online by Thanksgiving evening a 16.8 % jump over the same period last year. After two weak holiday seasons, many retailers opened their doors early on the eve of the shopping holiday, like Macy's flagship store in New York City. But on Friday, the crowds were tame at stores across the United States. Still, plenty of bargain hunters lined up - swarming into Best Buy stores. Good deals were also found at home. Surging online sales have thinned crowds typically seen at stores on Thanksgiving evening and Black Friday, although analysts say this year a strong labor market, rising home prices and stock markets at record highs have improved shopper appetite.

Amazon workers stage 'Black Friday' strike in Germany, Italy

New Delhi, Nov 25 (ANI): Workers at a half dozen Amazon distribution centers in Germany and Italy staged protest "Black Friday" strike to demand better wages from the American online giant. The German union has been leading a push since 2013 for higher pay for some 12,000 workers in Germany, arguing Amazon employees receive lower wages than others in retail and mail-order jobs. Germany is Amazon's second-biggest market after the United States. The strikes in Germany are expected to end Saturday. The Italian strike was called for permanent workers. The unions advised workers who are on short-term, work-on-demand contracts to stay on the job, so they wouldn't risk losing future gigs.

Textile industry yet to recover from GST jolt, claim traders

Surat (Gujarat), Nov 24 (ANI): Textile traders in poll-bound Gujarat said that the industry is yet to recover from the jolt of implementation of Goods and Services Tax (GST), country's biggest tax reform in 70-year history. India rolled a uniform tax that replaced more than a dozen federal and state in July. Under the new levy, tax of five percent was imposed on fabric and garment, but 18 percent was charged on synthetic fibre and yarn. Traders said the new tax nearly halved the production of cloth in the city. The traders also said they have been urging the government to reconsider the rates, but to no avail.

Shoppers bundle up for 'Black Friday' deals

New York (United States), Nov 24 (ANI): Bargain hunters in New York poured into Macy's Department Store, as the retail giant opened its doors for Black Friday sales. The store opened it's doors and shoppers, who had lined up for hours, quickly began to pour in. Black Friday, as the day after Thanksgiving is called, has traditionally started the holiday shopping season in the United States and was the day when retailers turned a profit, thus going from "being in the red" to "in the black."

BrahMos missile on Su-30 fighter: A formidable strike system with pinpoint accuracy

India created history on Wednesday after it successfully flight-tested the world's fastest supersonic cruise missile from front-line fighter aircraft Sukhoi-30MKI