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Spain suspect says terror cell planned big attack on monuments

Madrid (AFP) – A suspected member of the terror cell that unleashed carnage in Spain last week admitted to a judge on Tuesday that the jihadists had planned to hit monuments in an even bigger attack. Mohamed Houli Chemlal, 21, said he knew of the plans two months ago, as he, and three other suspects, appeared in court for the first time since twin attacks killed 15 people and wounded

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Buy Tata Power; target of Rs 87: Edelweiss

Edelweiss’ research report on Tata Power Tata Power (TPWR) reported improved operational performance (15%+ beat in EBITDA) for Q1FY18 on better performance in renewable business. Key highlights were: a) losses at Mundra of INR4.3bn were higher on account of higher imported coal prices (up 35% plus YoY); and sustained turnaround in renewable business with substantial contribution of INR1.1bn to PAT. Outlook Also, its endeavour to prune debt, if successful, could

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Sebi to look afresh into governance-related complaints at Infosys

Press Trust of India  |  New Delhi  August 23, 2017 Last Updated at 22:27 IST

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Affable Ashwani Lohani alights from disinvestment-bound Air India

An ailing airline turned operationally profitable, launched new services and strove to boost sagging employee morale under the watch of Ashwani Lohani, whose departure as Air India CMD was described by an official as “bad news” for the national carrier. Lohani is also likely to be the last full time Chairman and Managing Director of Air India under the complete ownership of government since the modalities of disinvestment of the

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FTSE 100 logs minuscule gain as weak pound offsets wider European selloff

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Buy Trident; target of Rs 91: IDBI Capital

IDBI Capital’s research report on Trident Trident’s Q1FY18 EBITDA margin was better than our estimates; however, sales growth was slightly below forecast on lower than expected towel volumes. Trident’s sales stood at Rs12,785 mn (-7.1% QoQ, + 3.7% YoY). Nevertheless, EBITDA margin was ~300 bps above our estimate at 21.8% (+209bps QoQ, -27 bps YoY) on stronger-than-expected margins in Paper business. Outlook We revise our target price from Rs103 to

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Infosys promoters not on same page: IiAS

The five promoters of Infosys may not be on the same page when it comes to taking key decisions. The three key resolutions, presented by the company in the past three years, have seen less than a fourth of promoters vote being cast, while 75 per cent promoters’ abstained. The instances include appointment of Punita Sinha as independent director, reappointment of Vishal Sikka as managing director

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DXY Drops on Trump Threat, Crude Oil Price Rises On US Stock Decline

Highlights: Dollar defensiveness resumes on data weakness ahead of Jackson Hole Crude Oil price rises on eight straight draw of US stockpiles British Pound set for lowest close against the Euro since 2009 Sentiment HighlightNZD bets on a rebound jump per IGCS, favoring further downside The US Dollar Index (DXY) dipped again on Wednesday thanks, in part, on renewed fear of internal political risk and weak data. The two themes

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Outside the Box: Here’s how Republicans and Democrats can come together to fix health care

Now that Senate Republicans have failed to agree on any health-care bill, is it feasible for a bipartisan majority to enact health-care reform? The Senate will hold health-care hearings in early September, while a bipartisan coalition in the House has put forth six incremental proposals. The key to bipartisan reform is to avoid the hot-button political issues like Medicaid and single-payer.

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U.S. companies still hoarding cash overseas

Cash, as they say, is king. And Wall Street is once again starting to salivate about the possibility that President Trump will give the giants of Corporate America an opportunity to return the royal flush of cash they have stashed overseas back to the United States. The nearly 200 point jump in the Dow on Tuesday was the best market gain since April, and many experts attributed the surge to

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