Business


BA travelers face third day of delays, cancellations

British Airways said Sunday it was recovering from a technology failure, but the carrier was still hobbled by the cancellation and delays of hundreds flights at London's airports during a holiday weekend flights. British Airways staff told customers to find hotels on their own for reimbursement later by the airline. The cost of compensating passengers, refunds, additional staffing and lost revenue could total between £80 million ($102 million) to £100 million ($138 million), according to ...


Analysts Take on Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

Analysts Take on Fiat Chrysler Automobiles N.V. (NYSE:FCAU)

Fiat Chrysler Automobiles NV had a net margin of 1.63% and a return on equity of 14.89%. The business's quarterly revenue was up 4.3% compared to the same quarter a year ago. These ratios are important while doing valuation of the company or the shares of the company. AQR Capital Management LLC boosted its position in Fiat Chrysler Automobiles NV by 56.9% in the first quarter.



Sensex, Nifty Hit New Highs; FMCG, Metal Stocks Soar

Valuations may remain high in short term, they feel. The scrip closed 12 per cent down at Rs 379 apiece. Tech Mahindra shares declined to Rs 356.65 on the National Stock Exchange (Rs 357.60 on BSE), and are now at Rs 382.50, down almost 11% from previous closing price.



Euro zone, International Monetary Fund to seek compromise on Greek debt deal

Tzanakopoulos said Athens and "several" of its eurozone partners turned down a proposed deal late Monday that was deemed "incompatible" with its targets. A deal would not give certainty that Greece would be included in QE, which remains a decision for the European Central Bank. However, ministers concluded that Athens still had to take some further measures.



OPEC, Non-OPEC oil producers extend oil output cut by 9 months

That means US shale may emerge as the deal's biggest beneficiary, a reality that highlights the pressure on the two massive players, Saudi Arabia and Russian Federation, to extend their output agreement-even though so far it hasn't significantly lifted prices or drained a global oversupply of petroleum.