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Category: Business

How Trumps Tax Proposal Could Impact His Own Business Empire

Loknath Das, , , , , , , , ,

President Donald Trump’s massive tax-cut proposal would slash taxes on hundreds of businesses he and his family own. The White House on Wednesday unveiled a proposal that would cut the top tax rate for corporations, as well as entities known as pass-through businesses, to 15 percent. That could prove to be a windfall for the Trump Organization, the private umbrella company for hundreds of Trump real estate, licensing and other companies, many of which qualify as pass-through businesses. Trump has refused to release his tax returns, making it impossible to…

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Fox News to drop host Bill O’Reilly after harassment cases

Loknath Das, , , , , , , , ,

Fox News is reportedly about to drop the country’s top-rated cable news host, Bill O’Reilly, amid claims he sexually harassed female colleagues. The Wall Street Journal – owned by Rupert Murdoch, who also owns Fox News – reports the network is “preparing to cut ties” with the presenter. Pressure on Fox has mounted since recent reports that five women received $13m in payouts because of Mr O’Reilly. More than 50 sponsors have withdrawn ads from his show, The O’Reilly Factor. US media report that the board of 21st Century Fox…

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UK inflation steady at 2.3% in March business live

Loknath Das, , , , , , , , ,

The pound is currently up 0.25% at $1.2441, having been as high as $1.2445 and as low as $1.2404. FXTM research analyst Lukman Otunuga said: Sterling was volatile on Tuesday, with prices oscillating between losses and gains after markets digested the UK’s steady 2.3% inflation figure for March, which was the highest level since September 2013. The ongoing currency weakness created by Brexit, coupled with rising oil prices has elevated inflation above the Bank of England’s 2% target, with speculation mounting over CPI following its positive trajectory this quarter. Although…

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Cash is still king for Indian youth, especially for business

Loknath Das, , , , , , , ,

n India, 32% of youth are willing to deal in cash to help businesses survive, says the EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey. Demonetisation, which aimed at hitting out at the cash element in the economy to curb corruption and black money, has had a mixed impact, according to the EY Fraud Survey 2017. While a majority of the respondents in EY’s Europe, Middle East, India and Africa (EMEIA) Fraud Survey support the stance taken by regulators and the government to curb corruption and bribery, the…

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Tesla’s China business is booming

Loknath Das, , , ,

Sacconaghi: Bullish on Tesla long-term  Thursday, 9 Mar 2017 | 12:20 PM ET | 05:46 Elon Musk’s Tesla is a growing player in China, where the global fight to develop electric, self-driving cars is raging hot. Hong-Kong traded Tencent, a company best known for its WeChat messaging app, disclosed in a Tuesday filing that it’s taken a 5 percent stake in Tesla for $1.78 billion. The investment follows Tencent’s new stake in taxi-hailing app Didi Chuxing, which can be accessed through WeChat. “I think Tencent likely wanted exposure to a company…

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Idea, Vodafone India Announce Merger, To Be Biggest Telecom Operator In India

Loknath Das, , , , , , , , , ,

The combined entity of Vodafone India and Idea Cellular will have around 40 crore customers. Idea Cellular and the Indian unit of British telecom company Vodafone today announced a merger, creating the country’s largest telecom operator. The merger of Vodafone India (the second largest telecom operator in India) and Number 3 player Idea Cellular will create India’s largest telecom operator with around 40 crore customers or nearly one in every three customers in the country. The combined entity of Aditya Birla group’s Idea Cellular and Vodafone India will have the…

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