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Reuters
July 19, 2018
Amazon.com's stock market value reached $900 billion on Wednesday for the first time, marking a major milestone in its 21-year trajectory as a publicly listed company and threatening to dislodge Apple as Wall Street's most valuable jewel.


BusinessToday.In
July 13, 2018
While the Sensex closed 6 points lower to 36,541 level, the Nifty fell just 4 points to 11,018 level. The Sensex gained 282.48 points on Thursday and closed at a record high of 36,283.25 after crude oil prices posted their biggest one-day drop in two years and robust start of the earnings season.


Aseem Thapliyal
July 12, 2018
The Nifty ended above 11, 000 level for the first time since February 1 and is now 2% away from record highs. Sensex hit all-time high of 36,699 intra day after opening at 36,424 level.


Reuters
July 11, 2018
The Trump administration raised the stakes in its trade dispute with China, threatening 10 percent tariffs on a list of $200 billion worth of Chinese imports, sending stocks lower and prompting Beijing to warn it would be forced to respond.


BusinessToday.In
July 5, 2018
\"Investors are more circumspect about everything. Trade war-related issues can possibly pose nasty surprises if they are not reined in properly,\" said Deven Choksey, founder, KR Choksey Investment Managers.


BusinessToday.in
New Delhi, July 4, 2018
WhatsApp suggests changes to check the spread of fake newsOn instructions from Government of India, WhatsApp suggested ways to check the spread of fake news on its platform. These ways include product controls, data literacy and fact checking. On Tuesday, Ministry of Electronics and Information Technology had asked WhatsApp to control 'irresponsible and explosive messages' on its platform. WhatsApp says that it employs two approaches to check abuse on its platform - give controls and information to users to keep them safe and then proactively check the misuse of the platform.OnePlus 6 rival Asus Zenfone 5z launched in IndiaAsus has launched the Zenfone 5Z in India. The device in available in three memory configurations: 6GB RAM and 64GB internal storage, 8GB RAM and 128GB internal storage and, 8GB RAM and 256GB internal storage. Under the hood is a Qualcomm Snapdragon 845 running the show. At the front is a 6.2-inch Super IPS display with a notch at top which houses the sensors and a 8MP front camera. At back is a dual camera set-up with 12MP and 8MP sensors. The biggest competition the Asus Zenfone 5Z is looking to take on is the OnePlus 6.Google clarifies on third-party apps snooping Gmail inboxesGoogle came clean on allegations that third-party apps can read private e-mails via Gmail. The search giant said that it vets its third-party apps so that they ask only for relevant information and that they do not misrepresent themselves. Google drew a lot of flak after a Wall Street Journal alleged that third-party apps can scan Google inboxes using third-party app mails, and in some case developers even have access to thousands of users' emails on Gmail.


BusinessToday.In
July 4, 2018
The market closed higher today after the Modi government raised minimum support price (MSP) of kharif crops which boosted sentiment. While the Sensex rose 266 points to 24,327 level, the Nifty gained 70 points to 10,769. Auto stocks led the gains with BSE auto index rising 313 points or 1.31% to 24,327 level. The BSE bankex too rose 201 points to 29,326 level, a gain of 0.69%. Bajaj Auto, Maruti Suzuki, HDFC and HUL were the top Sensex gainers. Stocks of rural players such as Hero MotorCorp and Mahindra and Mahindra too closed higher on the development. The stock of market heavyweight Reliance Industries Ltd (RIL) too closed 1.90% higher at 990 level on the BSE. Market breadth was marginally negative with 1,265 stocks closing higher compared with 1,350 ending in the red on BSE. Coming to global markets World shares were mostly lower on Wednesday as European shares tracked losses in Asia and on Wall Street, where tech shares were hit by worries over trade tensions between Beijing and Washington.Germany's DAX lost 0.4 percent to 12,306 and the CAC 40 of France lost 0.1 percent to 5,311. Britain's FTSE 100 slipped 0.2 percent to 7,579. Japan's Nikkei 225 index fell 0.3 percent to 21,717 and the Shanghai Composite index dropped 0.1 percent to 2,759. Hong Kong's Hang Seng index fell 1.1 percent to 28,241 and the Kospi in South Korea lost 0.2 percent to 2,265. Australia's S&P ASX/200 gave up 0.4 percent to 6,183.


BusinessToday.In
July 4, 2018
Bajaj Auto (3.95%), Maruti Suzuki (2.69%), HDFC (2.09%) and HUL (2.03%) were the top Sensex gainers. Stocks of rural players such as Hero MotorCorp  (0.43%) and Mahindra and Mahindra (0.69%) too closed higher on the development.


PTI
July 4, 2018
The Plaza Hotel, one of New York's most iconic buildings in which Subrata Roy-led Sahara India group has majority stake, has been fully acquired by a Qatar government-owned fund for about $600 million, according to a media report today.


BusinessToday.In
New Delhi, July 4, 2018
CBI seeks custodial interrogation of P Chidambaram in INX Media caseThe Central Bureau of Investigation (CBI) on Tuesday moved a plea in the High Court for permission to go ahead with the custodial interrogation of former finance minister P Chidambaram in the INX Media corruption case as he was not allegedly cooperating in the investigation. The investigating agency moved its application merely a few hours after Chidambaram's plea for extension of interim protection from arrest was granted by the Delhi High Court. The premier investigation agency made the submission in an affidavit filed before Justice A K Pathak, who listed the matter for hearing on August 1 and extended till then the interim protection against arrest granted to Chidambaram on May 31. Why should women do all the work?According to a recent report by the International Labour Organisation (ILO), in India women spend 297 minutes per day on the care responsibilities, 9.6 times more than men. While men spend only 30 minutes to provide care for elderly and children at home, one of the lowest in Asia-Pacific. Globally, the situation is not much different, where women perform 76.2 per cent of total of unpaid care work, three times as much as men. In Asia and the Pacific it rises to 80 per cent. In 2018, 49.5 per cent of women in Asia-Pacific declared that they cannot work or are not looking for a job due to unpaid care work. Govt warns WhatsApp over spread of messages triggering violence  The government today directed WhatsApp to immediately take steps to prevent the spread of \"irresponsible and explosive messages\", saying the social media platform cannot evade its responsibility, amid a spate of lynching cases purportedly triggered by posts circulated on such popular messaging apps. WhatsApp has also been asked to immediately contain the spread of such messages through application of technology, even as law and order machinery takes steps to apprehend the culprits. Noting that miscreants were repeatedly circulating provocative messages triggering a spate of violence, the government has said it has \"conveyed in no uncertain terms that WhatsApp must take immediate action to end this menace and ensure that their platform is not used for such malafide activities\". When contacted, a WhatsApp spokesperson told PTI, \"WhatsApp cares deeply about people's safety and their ability to freely communicate\". Google is letting third-party developers access your Gmail InboxThe Mountain View tech giant, Google, has been allowing third-party app developers to scan through inboxes of Gmail users, according to a recent Wall Street Journal report. In June last year, Google stopped scanning user's emails, which was being done to provide personalised ads. Despite curtailing the inapt practice, it has allowed hundreds of third-parties to continue doing the same. The report said, \"Google does little to police those developers, who train their computers - and, in some cases, employees - to read their users' emails.\"  Saudi says ready to pump more oil to balance market  Saudi Arabia, the world's top crude exporter, said today it was prepared to use its spare production capacity, estimated at two million barrels, to balance the global oil market. \"The kingdom is prepared to utilise its spare production capacity when necessary to deal with any future changes in the levels of supply and demand,\" a cabinet statement said following a meeting chaired by King Salman. The statement said the kingdom will coordinate with other producers.Saudi Arabia, which has been pumping around 10 million barrels per day, holds the largest spare capacity in the world and is the only country that can add substantial supply to the market. Harley-Davidson row: Trump says administration working to bring other motorcycle companies to US  President Donald Trump said today his administration is talking with other motorcycle companies about moving to the US after Harley Davidson decided to shift some operations overseas in the wake of retaliatory EU tariffs against American duties. Harley-Davidson said on June 25 that tariffs implemented by the EU would increase the average cost per motorcycle by about USD 2,200 and the company will shift some production overseas as a result. The European Union imposed the tariffs in retaliation against the Trump administration's duties on steel and aluminum imports, which were an effort by Trump to protect US jobs.


BusinessToday.in
New Delhi, July 3, 2018
Google is allowing third party software developers to peep into your Gmail Inbox; Apple's new 6.1 inch iPhone with LCD panel might be priced as low as $600; around 8 lakh Facebook users affected by bug that unblocked blocked users. Watch more in this episode of Daily Tech Wrap with Danny D'Cruze.


BusinessToday.in
New Delhi, July 3, 2018
Google is allowing third party software developers to peep into your Gmail InboxThe Mountain View tech giant, Google, has been allowing third-party app developers to scan through inboxes of Gmail users, according to a recent Wall Street Journal report. In June last year, Google stopped scanning user's emails, which was being done to provide personalized ads. Despite personally curtailing the inapt practice, it has allowed hundreds of third-parties to continue doing the same. The report said, \"Google does little to police those developers, who train their computers - and, in some cases, employees - to read their users' emails.\" While many companies use machines to skim email messages for keywords and phrases, few allow their employees to read through user's messages. \"Email data collectors use software to scan millions of messages a day, looking for clues about consumers that they can sell to marketers, hedge funds, and other businesses.\"  Apple's new 6.1 inch iPhone with LCD panel might be priced as low as $600Apple's new iPhones have been a subject of curiosity since Apple launched the iPhone X and its younger siblings. Numerous reports have suggested that the Cupertino-based company will be selling three iPhones this year. Single-handedly, it was analyst Ming-Chi Kuo who has provided the maximum amount of details about the three iPhones that will launch later this year. Now, the analyst has cleared the air about the pricing of the cheapest of the three iPhones. Kuo claims that Apple has reduced the pricing of the iPhone that uses LCD by ditching the second camera module and pressure sensitive 3D touch. According to a report by 9to5Mac, Kuo claimed that the cheapest iPhone will be priced in the range of $600-$700 which roughly translates to Rs 41,000-Rs 48,000. Earlier, the same analyst has estimated a slightly higher price point but Apple's recent changes have brought down the price of the device. In India, the device is expected to be priced substantially higher than the launch price in the US.Around 8 lakh Facebook users affected by bug that unblocked blocked usersThe Chief Privacy Officer of Facebook, Erin Egan, revealed on Monday that accounts of 8,00,000 users were affected by a bug which unblocked some people that they had blocked. Egan also apologised for the same, indicating that the ability to block someone is considered important by Facebook. The bug was reportedly active between May 29 and June 5. While people who were unblocked could not see content shared with friends; they could see content directed to a much wider audience, eg pictures shared with friends of friends. 83 per cent of users affected by the bug had only one person in the blocklist temporarily unblocked. The company would be informing those affected with a pop-up message encouraging them to check their blocked list.


BusinessToday.In
July 3, 2018
The market closed higher today on buying by domestic institutional investors in the backdrop of easing macro cues such as recovery in the rupee and falling crude oil prices. While the Sensex closed 114 points higher at 35,378, the Nifty rose 42 points to 10,699 level. Sun Pharma, Maruti and Infosys were the top Sensex gainers. Vedanta Ltd was the top Sensex loser after the group's decision to delist Vedanta Resources from the London Stock Exchange in $1.1 billion share buyback. The stock fell 3.25% to close at 230 .95 level. ICICI Bank and HDFC were the other major Sensex losers. Auto and pharma stocks led the gains with BSE auto and pharma indexes  rising  238 points and 251 points, respectively. Market breadth was positive with 1,317 stocks closing higher against 1,290 ending in the red. Coming to the global markets, stocks turned higher as German leaders put to rest fears that a weeks-long dispute on migration may topple Chancellor Angela Merkel's fourth government.Germany's DAX rose 1.2 percent to 12,385 and France's CAC 40 added 0.9 percent to 5,322. Britain's FTSE 100 gained 0.6 percent to 7,589. Wall Street was poised to open higher. Dow and S&P 500 futures were both up 0.4 percent. Meanwhile Asian markets tumbled in the morning as back-and-forth exchanges over looming US tariffs added to worries over the trade war brewing between China and the U.S. Hong Kong's Hang Seng, reopening after a market holiday on Monday, closed 1.4 percent lower at 28,545 as investors reacted to weaker than expected Chinese economic data. The benchmark Nikkei 225 index lost 0.1 percent to 21,785 while South Korea's Kospi added 0.1 percent to 2,272. The Shanghai Composite index gained 0.4 percent to 2,786.


BusinessToday.In
July 3, 2018
The Mountain View tech giant, Google, has been allowing third-party app developers to scan through inboxes of Gmail users, according to a recent Wall Street Journal report.


BusinessToday.in
New Delhi, July 1, 2018
Vikas Jain, Senior Research Analyst, Reliance Securities listed the positive and negatives of the share market this week. He said that the cement and auto stocks remain attractive, whereas metal stocks are expected to bounce back in this BusinessToday video.


BusinessToday.In
June 20, 2018
Small cap and midcap indices on the BSE rose 0.27% and 0.23%, respectively. The revival was led by banking stocks with the BSE Bankex rising 1.04% or 306 points to 29,709 level. Bank Nifty too rose 292 points to 26,557 level.


BusinessToday.In
June 19, 2018
Asian markets nosedived after US President Donald Trump's threat to impose a 10 percent tariff on another $200 billion of Chinese goods drew warnings from Beijing of about $50 billion retaliatory penalties on US goods. Unabated selling by foreign funds and a weak rupee added to the gloom, brokers said.


BusinessToday.In
June 19, 2018
The alleged act involved leaking of sensitive company data to third parties. Over and above, modifications were made to the manufacturing operating system.


PTI
June 17, 2018
Hoping to overcome the villagers' resistance, the National High Speed Rail Corporation Limited, the nodal body to implement the project, has tweaked its strategy to ensure that the Mumbai-Ahmedabad bullet train is on track for a 2022 launch and is agreeing to many of the conditions.


PTI
June 15, 2018
The move is likely to attract retaliatory action by China.


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