Business

Flipkart owner Sachin Bansal sells out the maximum shares to Walmart

Flipkart owner Sachin Bansal sells out the maximum shares to Walmart

Subject to regulatory approval in India, Walmart will pay approximately $16 billion for an initial stake of approximately 77% in Flipkart , formally Flipkart Private Limited. According to information, SoftBank is expected to make at least $4 billion from selling more than 20 per cent stake in the company. Naspers Naspers, the South African tech and media conglomerate, gets $2.2 billion for $600 million it invested over several rounds starting in 2012.


Incarcerated Lalu granted three day parole to attend son's marriage

Incarcerated Lalu granted three day parole to attend son's marriage

Lalu, who is in judicial custody following his sentencing in several fodder scam cases, had applied for five-day parole to attend the ceremony and bless the couple. Earlier on Wednesday, the medical board of the Rajendra Institute of Medical Sciences (RIMS) in Ranchi , where Prasad is admitted on health ground, declared his condition as stable for granting parole to him.


Teenagers killed in fire after Tesla crashes, battery bursts into flames

Teenagers killed in fire after Tesla crashes, battery bursts into flames

After a fatal Model X accident in March that involved the vehicle's battery catching fire, Tesla said the batteries in its vehicles are created to decrease the rate at which a fire can spread. The National Transportation Safety Board is investigating the crash. This is the second time in the past two months the NTSB has investigated a Tesla fire.


Two Stocks To Trade Now: Marathon Petroleum Corporation (MPC), Nevro Corp. (NVRO)

Two Stocks To Trade Now: Marathon Petroleum Corporation (MPC), Nevro Corp. (NVRO)

For Marathon Oil Corporation , specifically, the RSI metric has reached 78.36. MRO underperformed the S&P500 by 4.30%. During Q4 2017 the big money sentiment decreased to 0.88. On Tuesday, December 5 the company was upgraded by Atlantic Securities. The firm has "Buy" rating given on Friday, April 13 by RBC Capital Markets. The market capitalization of the corporation settled $17.39B whereas it's P/B Ratio was 1.45.


Nestle takes over sales of Starbucks in the grocery aisle

Nestle takes over sales of Starbucks in the grocery aisle

Earlier this year the company sold its USA candy business to Ferrero for $2.8 billion as part of a move toward more healthful products. As part of this perpetual global license agreement, Starbucks will lead in sourcing, roasting and Starbucks global brand management for the alliance, while the two companies will work closely together on innovation and go-to-market strategies to deliver its coffee products to a variety of markets.



Gramercy Property Trust (GPT) Issues Earnings Results

The real estate investment trust reported $0.16 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.50 by ($0.34). This continues to be an interesting story, and we look forward to updating it again soon on Gramercy Property Trust . The company's ATR (Average True Range) is 0.46.