Business
Manufacturing sector hit by demonetisation; sees a decline in growth
Mumbai: The government's demonetisation move provoked a downturn in Indian manufacturing growth in December, the first such contraction in a year, as per key macro-economic data. "Down from 52.3 in November to 49.6, the latest reading was indicative of a marginal deterioration in the health of the sector." . Demonetisation has hampered the creation of new jobs, buying activities and overall production in the country.
Business
New Year's Eve ride options plenty
He said that champagne is very popular at this time, and people are now often buying smaller alcohol items like miniature bottles of wine and little cans margarita beers. "We hear it all the time that our prices are high". According to Indianapolis attorney Rock Lee, a first-time DUI, which is a class A misdemeanor, will cost the offender no less than $2,000 in attorney and court fees and could cost up to $10,000.
Business
French workers given 'right to disconnect' from smartphones outside office hours
This work culture is also blamed for lifestyle issues like burnouts and sleeplessness along with relationship problems. If a deal can not be reached, then companies must publish a charter making clear what is expected from staff and the rights they have.
Business
Battle to Rid Mosul of ISIS Resumes
Its fall would probably end the group's ambition to rule over millions of people in a self-styled caliphate, but the fighters could still mount a traditional insurgency in Iraq, and plot or inspire attacks on the West. While U.S. officials have acknowledged that 173 civilians have died in coalition airstrikes since the beginning of the campaign against the Islamic State in the summer of 2014, the Airwars group said the number of civilian casualties is much greater, putting it at at least 1,500.
Business
U.S. stock indexes edge higher in midday trading; Oil rises
The S&P 500 is up 9.7% this year, and the Nasdaq Composite is up 7.6%. USA indices erased early gains on Wednesday. In China, the Shanghai Composite Index added 0.22%, while Hong Kong's Hang Seng Index declined 0.10%. Energy companies also rose as the price of crude oil moved higher. It rose 88 cents on Tuesday. Tech was the worst-performing major S&P sector, falling 1 percent.
Business
India Amends Double Taxation Avoidance Agreement With Singapore To Curb Black Money
Before amendments, the DTAA with Singapore, Mauritius and Cyprus gave full exemption on capital gains to investors allowing round tripping of foreign funds into Indian economy. Not surprisingly, Mauritius and Singapore have been the top foreign direct investors to India. Mr Jaitley said the withdrawal of capital gains exemptions to the three countries was in line with the government drive against black money, which led to the demonetisation of currency.