Business


Technical Watch - Wells Fargo & Company (WFC) -9.12% off from One Year High

The Primecap Management Company holds 18.58M shares with $1.03 billion value, up from 18.45M last quarter. The fund owned 151,774 shares of the financial services provider's stock after selling 2,631 shares during the period. Grimes & Communication has invested 0.04% in Wells Fargo & Co (NYSE:WFC). Mawer Mngmt Limited holds 4.67M shares or 2.39% of its portfolio. Harris Limited Partnership holds 25.68 million shares or 2.56% of its portfolio.


Advertising Standards tightens rules around broadband speed claims

Advertising Standards tightens rules around broadband speed claims

The Committees of Advertising Practice (CAP) is toughening up the standards following research which found they are now likely to mislead consumers. The ASA said that it received virtually unanimous backing for some form of change to the previous standards in the responses to the consultation, which came from major ISPs, trade associations, consumer advocacy groups, think-tanks, and comms regulator Ofcom.


Here is a Shocking News For Ajith Kumar Fans !!!

Here is a Shocking News For Ajith Kumar Fans !!!

The financier who has political contacts had lent money to Kumar and had been pressurising and threatening him from the past couple of days. Who can I go to for help? Following his suicide actor Vishal while addressing a press meet recently said , "As the head of TamilNadu Film Producers' Council I tell this - In case if we come across any such incident, where a financier harasses a film producer, we will take stringent action".


Tesla has completed its massive battery project in Australia

Tesla has completed its massive battery project in Australia

Connected to Neoen's Hornsdale Wind Farm near Jamestown, three hours' drive from Adelaide, the Powerpack system is an attempt to alleviate some of the state's severe energy issues. Australia's energy market operator has warned that power supply will be tight this summer, particularly in South Australia and neighbouring Victoria, where one of the market's biggest coal-fired power plants was shut in March.


Uber hit with 2 lawsuits over big 2016 data breach

Uber hit with 2 lawsuits over big 2016 data breach

A British law firm says the ride-hailing firm Uber could now face legal claims after a data breach that saw hackers steal the personal information of some 57 million people around the world. "The scope of this breach is something the Uber board should have been briefed about and consulted on at the very least", said Cynthia Clark, an associate professor of management at Bentley University.


Insolvency And Bankruptcy Law Amended: Finance Ministry

Insolvency And Bankruptcy Law Amended: Finance Ministry

According to a report in the Times of India , the ordinance will indeed have the provision to bar bidding by wilful defaulters. Currently, there is no bar in the law to check promoters to bid and regain control of companies facing insolvency proceedings .