Amazon.com posted record second-quarter earnings Thursday of $857 million, or $1.78 per share, on $30.4 billion in revenue, surpassing early profit estimates of $1.2 per share on $29.5 billion in revenue. The company said the earnings report was boosted by record sales on the second Prime Day, the “biggest day ... Read More »
Brushing aside objections from partner RJD and main opposition BJP, the Nitish Kumar government is bringing in several amendments to tighten the prohibition law in Bihar, including one that will make culpable all adults of a family if any member is found drinking, possessing or selling liquor from the premises ... Read More »
Estimated quarterly earnings for Exxon Mobil Corp. were down about 60 percent from last year, the company said, pointing to sharply lower energy prices. Exxon reported second quarter earnings at $1.7 billion, compared with $4.2 billion during the same quarter for 2015. “While our financial results reflect a volatile industry ... Read More »
Tension prevails at Kadali village in Muzaffarnagar district after a mob attacked the house of a Muslim family on Saturday on suspicion of cow slaughter. The owner of the house, Zeeshan, who managed to slip out the backdoor with his family before the crowd arrived, was arrested on Sunday afternoon. ... Read More »
A low estimate of U.S. gross domestic product and steep losses from some of the world’s biggest energy companies sent crude oil prices down early Friday. U.S. supermajor Chevron Corp. reported a loss of $1.5 billion, its third quarterly loss. “The second quarter results reflected lower oil prices and our ... Read More »
The number of potential heirs seeking millions from the vast estate of late musician Prince was cut down by a judge Friday, from nearly 30 down to just a handful. In a 19-page ruling Friday, Carver County, Minn., Judge Kevin W. Eide whittled down the list — which included numerous ... Read More »
St. Lucia’s government has signed an agreement to build the island’s first internationally targeted, integrated development — a project worth $2.6 billion designed to attract Chinese tourists and investment. The Pearl of the Caribbean will occupy a 700-acre site on the south end of the island. Plans include a casino, ... Read More »
Accusing Rajnath Singh of being “responsible for the killings of innocent Kashmiris”, JuD chief Hafiz Saeed has warned of a countrywide protest in Pakistan by his outfit if the Home Minister arrives in Islamabad to attend the SAARC ministerial conference. “I want to ask the Pakistani government will it add ... Read More »
Tesla Motors Inc. is considering the possibility it’s “crash prevention” system failed in a fatal crash of a Model S, not its autopilot system. The company told Senate investigators the crash involved the vehicle’s automatic braking system, which may have detected the truck that the car was about to hit, ... Read More »
Protesting the flogging of a Dalit family by gau rakshaks in Una for skinning a dead cow, thousands of Dalits gathered in Ahmedabad Sunday where community leaders put the BJP-led government in Gujarat on notice ahead of the 2017 assembly polls. Seeking strong measures to check atrocities against them, leaders asked ... Read More »
For $96 million, and following a weak earnings report, Norwegian energy company Statoil said it was getting rid of some of its gas assets in the United States. The Norwegian company holds about 350,000 net acres of the Marcellus shale natural gas basin, but decided to sell off about 11,500 ... Read More »
Edu-tech start-up CollegeDunia was announced the 3rd best education portal of India recently. While 1st and 2nd positions are held by Siksha and Careers360, CollegeDunia a two year old portal has left many of the renowned websites behind. As per the Alexa statistics, the portal now stands at 627th position ... Read More »
