Business

Telco war: Jio, incumbent players to meet TRAI on Friday

Telco war: Jio, incumbent players to meet TRAI on Friday

The plans ranging from Rs 499-4,999 includes unlimited night usage, free unlimited local/STD SMS along with Jio app subscription worth Rs 1,250. "Rising competition will lead to downward pressure on data tariffs at a time when capital expenditure will have to increase to support rising data consumption as cheaper 4G handsets become available", Fitch said.


Applications for unemployment benefits slipped last week

Applications for unemployment benefits slipped last week

The modest drop in claims came as a surprise to economists, who had expected initial jobless claims to inch up to 264,000. The department also said there were no special factors impacting the latest data. The dollar touched a two-week low against the euro after European Central Bank President Mario Draghi said an extension of the ECB's asset-purchase program was not discussed at Thursday's meeting.



FTSE 100 Index closes higher over Micro Focus-HPE mega

The move comes after the breakup of computer giant Hewlett Packard a year ago into two companies: software and services HPE and computer and printer maker HP Inc . Abbott went on to tell CBR that HPE used a similar cash-and-equity structure when it span its services business to CSC - meaning HPE have made this bet twice.


Philip Hammond to give Autumn Statement on November 23

Philip Hammond to give Autumn Statement on November 23

He said: "The Autumn Statement will set out the government's economic and fiscal plans based on the latest forecasts from the Office for Budget Responsibility". Chancellor Philip Hammond said he understands "the scale of the potential impact leaving the European Union could have for parts of the financial services industry" and will listen to what the industry has to say on key issues, like access to the single market.


Fir Tree adds Walgreens Boots Alliance Inc (WBA) to its portfolio

Fir Tree adds Walgreens Boots Alliance Inc (WBA) to its portfolio

The trading activity of 3.32 Million shares climbed down over an average volume of 4.78 Million shares. Now the company has earned "Buy" from 6 equity analysts. The stock was sold at an average price of $81.03, for a total transaction of $2,406,185.85. The Stock has received recommendations from WSJ analysts.



Ash Carter: Russia sowing seeds of global instability

Their discussions last weekend, on the sidelines of an economic summit in China, failed to produce a nationwide cease-fire in Syria or a U.S. "That has contributed to what President [Barack] Obama this weekend called the "gaps of trust" that exist between our two countries".