Business

Chennai Test in balance after Jayalalithaa 's death

Chennai Test in balance after Jayalalithaa 's death

The apex court also asked the board to release Rs 25 lakh each for the 3 ODIs and 3 T20 matches against the Eoin Morgan-led side. England, 2-0 down in the series, must win both matches to draw the series. "This has resulted in various affairs of the BCCI having come to a grinding halt causing defaults on the part of BCCI, and have tremendously hurt Indian cricket and the goodwill and image of the BCCI", Thakur said.


After 74-day struggle, Jayalalithaa loses battle with life

After 74-day struggle, Jayalalithaa loses battle with life

Defining her as a mass leader, Modi said: "Jayalalithaaji's connect with citizens, concern for welfare of the poor, the women and marginalised will always be a source of inspiration". Ministers and legislators were among those who paid tributes. State authorities ordered seven days of mourning, schools were shut and thousands of police deployed to prevent her supporters from creating public disorder or from harming themselves in grief.



Sensex reverses two day gains, loses 156 points over RBI's unexpected decision

The sensitive index of the BSE which was ruling at around 26,334.79 points just ahead of the announcement, slipped to 26,255.88 points - down 136.88 points or 0.52 per cent. Banking stocks tumbled with ICICI Bank, Axis Bank, HDFC Bank and State Bank of India all down 1-2%. The RBI has kept its repo rate - the rate at which the central bank lends to commercial banks - unchanged.



FCA's crackdown on use of CFDs in retail market

Shares in Britain's major financial betting firms lost more than a quarter of their value on Tuesday and lawyers said the FCA proposals were much tougher than expected. IG said it would respond to the FCA consultation by its deadline of March, saying it believed in "robust and proportionate regulatory oversight of the CFD sector in the United Kingdom and Europe".


Starbucks brews up five-year expansion plan to open 12000 more stores

Starbucks brews up five-year expansion plan to open 12000 more stores

Starbucks has also announced plans to expand its new Starbucks Reserve Roastery internationally, opening a branch in Shanghai in 2017, Tokyo and New York City in 2018, and a fifth location in Europe to be announced early next year. With its strong retail foundation and operational excellence, Starbucks is bringing Roastery-inspired innovations like this to market more rapidly than ever before, creating further distinction from competitors.


Trump takes aim at drugmakers and pharma, biotech stocks fall

Trump takes aim at drugmakers and pharma, biotech stocks fall

The broad-based S&P 500 lost 0.2 percent at 2,209.02, while the tech-rich Nasdaq Composite Index fell 0.5 percent to 5,307.44. The Nasdaq Biotechnology Index was down 3.5 percent at 10:44 a.m.in NY on Wednesday. Trump's comments to Time suggest that this may not have been idle campaign rhetoric. Yet drug costs could also be an area of common ground in Washington.