Business

SoftBank opens up wallet for Paytm; infuses Rs 9K crore

SoftBank opens up wallet for Paytm; infuses Rs 9K crore

Paytm founder and CEO Vijay Shekhar Sharma said: "This investment by SoftBank and support of the incredible entrepreneur Masa Son is a great endorsement of our team's execution and vision". New businesses like online commerce, movie ticketing, travel and hotels will get a significant share of the fresh capital, Sharma said. Paytm has recently announced that the operations of it payment bank will be starting from May 23.


GST to convert entire country into one market: Naveen Patnaik

GST to convert entire country into one market: Naveen Patnaik

The GST Council on Thursday approved seven rules of the goods and services tax (GST) and the remaining two rules relating to transition and return are being vetted by the legal committee, Union Finance Minister Arun Jaitley said. "The GST will bring about comprehensive reform of the indirect tax regime of the country". The cess will be used to compensate the states for revenue loss arising out of the GST implementation in first five years.



OPEC wants 'collective efforts' to counter USA oil output

Oil prices gave up early gains yesterday, as the market weighed news from Opec and other producers about prolonging output cuts against data showing the recovery in United States drilling had extended for a year. International Brent crude futures were at $50.46 a barrel at 4.38am GMT on Thursday, up 24c, or 0.5%, from their last close. Oil prices had already been trading higher on a report that Saudi Arabia was cutting exports to the key Asian market and on earlier industry data pointing ...



G7 ministers take aim at cybercrime

That divergence augurs for potential disagreements when the nations' leaders gather in Sicily later this month - an event which marks Trump's first major worldwide summit as U.S. Since taking office, his administration has issued a report that names two G-7 countries, Germany and Japan, for special monitoring due to their large trade surpluses with the US and has sparked a trade battle with Canada, another G-7 country, by imposing higher tariffs on imports of Canadian softwood lumber.



Cyanconnode Holdings PLC (CYAN) Stock Rating Reaffirmed by Beaufort Securities

Halfords Group plc is a retailer of automotive and cycling products. On Tuesday, January 12 the stock rating was downgraded by Citigroup to "Neutral". Centaur Media Plc now has an average rating of Buy and a consensus price target of GBX 55.75 ($0.72). Wetherspoon J D PLC had 111 analyst reports since July 24, 2015 according to SRatingsIntel.



Sirius XM Holdings Inc. (SIRI) Receives Outperform Rating from Macquarie

The original version of this story can be viewed at https://www.thecerbatgem.com/2017/05/18/xact-kapitalforvaltning-ab-maintains-stake-in-sirius-xm-holdings-inc-siri.html. Finally, Macquarie reaffirmed an "outperform" rating and set a $5.85 price target on shares of Sirius XM Holdings in a report on Thursday, April 13th.