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GE CEO says Cash Flow Will be Negative This Year, Shares Tank

GE CEO says Cash Flow Will be Negative This Year, Shares Tank

General Electric shares tanked on Tuesday after the conglomerate’s Chief Executive Officer Larry Culp stated that the free cash flow is going to be in the negative in 2019. Larry Culp made this assertion while…

BUSINESS
Apple is worried about its Stocks in China, not due to Slowdown but due to Apple’s Business Model

Apple is worried about its Stocks in China, not due to Slowdown but due to Apple’s Business Model

Apple Inc. noticed a revenue drop by 26.5 percent from greater China; the company had stated that the loss in revenue was due to the economic slowdown in China. When China announced that China had…

BUSINESS
Goldman Sachs Expects Oil Prices to Skyrocket in the Coming Months, but Come Down Eventually

Goldman Sachs Expects Oil Prices to Skyrocket in the Coming Months, but Come Down Eventually

Goldman Sachs said on Monday that it expects Brent Oil prices to hit the $75 per barrel mark in coming months. It, however, feels that these prices will come down with the return of “New…

BUSINESS
Canada’s Saputo to Take Over British Dairy Company Dairy Crest for £975 Million

Canada’s Saputo to Take Over British Dairy Company Dairy Crest for £975 Million

Leading dairy products company of Britain, Dairy Crest has announced that it has agreed to a near £1 billion takeover by Canadian giant Saputo. The announcement came on Friday as the makers the famous Cathedral…

BUSINESS
Aviva to Transfer Business to EU Ahead of Brexit

Aviva to Transfer Business to EU Ahead of Brexit

As the March 29 deadline for Brexit nears, there is a palpable panic across a range of businesses in the United Kingdom and what the implication might be, if the country’s leaders fail to agree…

BUSINESS
Indian Real Estate Market the New Frontier for Private Equity Firms

Indian Real Estate Market the New Frontier for Private Equity Firms

The Indian real estate market has been a booming sector until a few years back with house prices going through the roof all over the country, but over the last few years, the growth has…

BUSINESS
Indian Bank Set to Become Profitable After $2 Billion Scam

Indian Bank Set to Become Profitable After $2 Billion Scam

Punjab National Bank, one of India’s biggest banks, was hit with a $2 billion fraud that threatened to put the government-owned lender into a spiral of negative growth for years to come. However, even as…

BUSINESS
Indian Start-up Delhivery Acquires Aramex’ India Operations

Indian Start-up Delhivery Acquires Aramex’ India Operations

Logistics start-up Delhivery acquired Dubai based Aramex’s India business. The logistics provider for e-commerce companies will take over Aramex’s local operations from 1st March 2019. Aramex provides logistics services for major e-commerce companies such as…

BUSINESS
Stocks making progress after hours of the opening bell, Growth in shares of Cisco, AIG, Yelp, NetApp and others noticed

Stocks making progress after hours of the opening bell, Growth in shares of Cisco, AIG, Yelp, NetApp and others noticed

Cisco system on Wednesday noticed a rise in shares; more than 4 percent growth has been reported and has announced their second-quarter earnings which are better than the expectation. They have mentioned their earnings over…

BUSINESS
Is the United States on trade war against India?

Is the United States on trade war against India?

The US is trying to end the trade war with China, but pressure with another big economy is developing. US commerce secretary Wilbur Ross visit to India has been canceled due to bad weather. Ross…