Business

Mumbai faces more rain after record downpour

Mumbai faces more rain after record downpour

Though the intensity of the rain reduced on Wednesday, many low lying areas such as Hind Mata, Dadar, Lower Parel remained flooded as the water could not recede due to choked storm water drains. Its official account also warned people of a high tide which was expected to hit the city in the late afternoon. Traffic snarls have been reported from Andheri, Wakola, Film City junction, Santacruz and Worli Sea Link.


Harvey shuts 24% of refining capacity in US; Brent down

Harvey shuts 24% of refining capacity in US; Brent down

The Valero Houston Refinery is threatened by the swelling waters of the Buffalo Bayou after Hurricane Harvey inundated the Texas Gulf coast with rain, in Houston, Texas, U.S. Flint Hill Resources' refinery in Corpus Christi, where Harvey made landfall as a Category 4 hurricane, could begin to restart - a process that takes days - as early as Wednesday.


Cong seeks PM's apology on noteban; 'Shame on RBI':Chidambaram

Cong seeks PM's apology on noteban; 'Shame on RBI':Chidambaram

That is 1 percent. In July, the RBI told a parliamentary committee that ending the counterfeit currency menace was one of the reasons for accepting the govenrment's demonetisaton move. "India can never forgive Modi government for this anti-national act", Yechury said on Twitter. Two months after the rollout of GST, Prime Minister Narendra Modi today said apprehensions with regard to the indirect tax regime have been proven to be unfounded and a smooth transition has happened.


Apple Joins Group In $18.2 Billion Offer For Toshiba Chip Unit

Apple Joins Group In $18.2 Billion Offer For Toshiba Chip Unit

The board of the embattled Japanese conglomerate met earlier in the day to review a $17 billion offer by a consortium led by Western Digital , as well as bids from groups led by Bain Capital and by Taiwan's Foxconn. "There are supply shortages of that type of memory", Michael Walkley, an analyst with Canaccord Genuity. The Western Digital group includes KKR ( KKR ), two Japanese government-backed funds and the Development Bank of Japan.


The Chevron Corporation (CVX) PT Set at $130.00 by Jefferies Group LLC

The Chevron Corporation (CVX) PT Set at $130.00 by Jefferies Group LLC

Shares of Chevron Corporation (NYSE:CVX) traded down 0.42% during midday trading on Wednesday, hitting $107.41. Also, the company announced dividend for the quarter, expected to be paid on early Mon, Sep 11th. Daiwa SB Investments has an ownership of 1,400 stocks of the oil and gas firms shares valued at $146,000 after scooping up an extra 1,140 shares through out the quarter.