News Reality

Business News: Chinese firm gets Sh13.5 billion power line tender

by www.standardmedia.co.ke
Isiolo-Garissa line expected to stabilise supply and end reliance on thermal generators.
Read Full Article On www.standardmedia.co.ke
Latest
Donald Trump’s detractors portray him as a do-nothing president with no big wins on health care, taxes and infrastructure. That may be true if the benchmark is legislation, but that’s an incomplete be
Boeing raised its full-year profit guidance and in a sign of confidence, outlined plans to pay billions of dollars in pension liabilities ahead of schedule.
Three years into an oil-price slump, investors want the world’s biggest oil companies to do something they have historically struggled with: Maintain some financial discipline.
CoS suggested that Niti Aayog may work out a detailed strategy for promotion of e-vehicles solution
Net sales grew 7.3%, negatively impacted by GST roll out; profit up 9.7%
U.S. new-home sales rose slightly in June, suggesting continued buyer demand despite a tight supply of homes on the market.
Brazilian meatpacking giant JBS SA reached a deal with banks to renegotiate about  20.5 billion reais ($6.5 billion) in debt as part of a broader effort to address the fallout of a massive bribery sca
President Donald Trump is signaling his next priority: overhauling the tax code to push corporate rates down and give middle-class taxpayers a break, even if it means some of the wealthiest pay more.
More than 1,000 people in Bungoma County are set to be absorbed by Rai Paper following the opening of its second line of production.
More than 1,000 people in Bungoma County are set to be absorbed by Rai Paper following the opening of its second line of production.
Turbulence in the retail sector is hitting executives working for the top mall companies where it hurts: in their wallets.
GlaxoSmithKline axed more than 30 drug-research projects to focus on four key disease areas, in a push by new Chief Executive Emma Walmsley to sharpen the company’s research-and-development operations
The internal combustion engine was dealt another blow when the U.K. pledged to ban the sale of new gasoline and diesel cars by 2040, following a similar move three weeks ago by France.
A $15,000 investment in Snapchat’s parent five years ago turned into $34 million for Saint Francis High School in March. But then the real challenge began: how to spend the money.
Ford’s new chief executive is starting his tenure with the wind at his back, lifting its earnings outlook for the year in a move that helps address concerns about the company’s ability to weather soft
DEARBORN, Mich. - Ford Motor Co. had a better-than-expected second quarter despite lower sales and upheaval in its executive ranks. Net income rose 4 per cent to $2 billion, thanks in ...
  Employers association OEV, said on Wednesday it accepted the labour minister’s proposal regulating the cost of living allowance (Cola) but expressed reservations over some of its provisions. T
Cory Godbolt charged with killing a deputy, his mother-in-law and six others who were his relatives or acquaintances is due in court on Wednesday.             
Nintendo kept its sales forecast for the Switch console unchanged despite strong demand, reflecting what analysts said is a supply bottleneck that could hurt the company during the critical year-end h
WATERLOO, Ont. - Business software company OpenText (TSX:OTEX) has signed a deal to buy Guidance Software in a deal that values the forensic security firm at US$222 million. Under the deal, ...
Deutsche Bank's Kaushik Das says the central bank would remain in a wait-and-watch mode
President Donald Trump is considering renominating Janet Yellen as Fed chairwoman but also views his economic adviser Gary Cohn as a top candidate, he told The Wall Street Journal in an interview Tues
A Marine killed in a military plane crash in Mississippi has been laid to rest in New Jersey.              
SAIL has carried out modernisation and expansion programme at all the five major steel plants
President Donald Trump said his administration would take its time in making a long-awaited decision on whether to block steel imports, saying “we don’t want to do it at this moment.”
Family members of Ismael Lopez, the auto mechanic slain by Southaven Police on Sunday night, have hired a law firm to represent them.              
The event, scheduled for Aug. 2, comes as Amazon.com is jockeying with other logistics companies for the same pool of workers ahead of the holiday-shopping season.
MONTREAL - Tembec Inc.(TSX:TMB) says it earned $17 million in its latest quarter, up from $9 million in the same quarter a year ago. The forestry company says the profit for ...
Profits in the company's North American division helped the automaker report a $2.0 billion profit during the second quarter        
Opposition parties in the Rajya Sabha asked if the govt was now planning to scrap the Rs 2,000 notes
Marnie Scott isn't completely capable of explaining why she's worked countless hours putting together the only listing of Canadian food and beverage products that are exclusively Product of Canada lab
GERB is withdrawing the amendment to the judicial law that would ban the foreign funding of local magistrate associations, announced the party’s member Tsvetan Tsvetanov, quoted by bTV. The amendment
Entire truck fleet under-utilised in first fortnight, untaxed and non-compliant cargo stopped fully
It has long been true that data rules clients' decisions and strategies. But how much are we getting from it? Not enough, because as much as 80 percent of the data out there is unstructured, or functi

Recent News

Clearing the way: New generation minesweepers to protect Russian Navy

Russia’s Navy is set for an upgrade after it commissioned a new batch of Alexandrit-class minesweepers (Project 12700). The first new generation ship - Alexander Obukhov - was greenlighted last Decemb
Read Full Article

Turkey on brink of signing $2.5 billion S-400 missile deal with Russia

Ankara and Moscow have entered the final stages of negotiations over the hi-tech S-400 missile defense system. Turkey finally looks set to buy the Russian-made anti-aircraft weapon with a number of ag
Read Full Article

Brazil's JBS in Deal with Banks to Renegotiate Debt

Brazilian meatpacking giant JBS SA reached a deal with banks to renegotiate about  20.5 billion reais ($6.5 billion) in debt as part of a broader effort to address the fallout of a massive bribery sca
Read Full Article

U.K. to Ban Sale of Diesel, Gasoline Vehicles by 2040

The internal combustion engine was dealt another blow when the U.K. pledged to ban the sale of new gasoline and diesel cars by 2040, following a similar move three weeks ago by France.
Read Full Article

Facebook Earnings Preview: What to Watch

Facebook Inc. is scheduled to announce its second-quarter earnings after the market closes Wednesday. Here is what you need to know.
Read Full Article

Trump Says Administration Is Taking Time on Steel Tariffs

President Donald Trump said his administration would take its time in making a long-awaited decision on whether to block steel imports, saying “we don’t want to do it at this moment.”
Read Full Article

Trump Eyes Tax-Code Overhaul, With Emphasis on Middle-Class Break

President Donald Trump is signaling his next priority: overhauling the tax code to push corporate rates down and give middle-class taxpayers a break, even if it means some of the wealthiest pay more.
Read Full Article

Mall Owners' Comp Cut Amid Retail Rubble

Turbulence in the retail sector is hitting executives working for the top mall companies where it hurts: in their wallets.
Read Full Article

Investors to Big Oil: Restrain Yourselves

Three years into an oil-price slump, investors want the world’s biggest oil companies to do something they have historically struggled with: Maintain some financial discipline.
Read Full Article

Popular Finance

Govt seeks Parliament nod for Rs 11,166 crore additional expenditure

The first batch of supplementary demands for grants for 2017-18 include 61 grants and 3 appropriations, according to the supplementary demands for grants. "Approval of the Parliament is sought to au
Read Full Article

Agriculture Insurance Company of India Limited : All you need to know

Agriculture Insurance Company of India Limited (AIC) is given the responsibility to offer agriculture insurance schemes to those in need. It is run by the Government of India.
Read Full Article

Railways conducting drive to check touts, ticketless travel

Railway Minister Suresh Prabhu said a special drive was launched by all zonal railways from April 1 to June 30 to conduct checks in mass contact areas.
Read Full Article

Declining telecom companies revenue may impact govt collections: Manoj Sinha

The telecom industry, including state-owned firms, and major banks have apprised the government about the financial stress, the telecom minister informed the Lok Sabha today.
Read Full Article

Not getting through an Ivy League school? You can now try womenâ??s colleges

These institutes offer research and academic facilities that are on par with global institutes. Students also said that partnerships with other institutes and proximity to Ivy League schools is an a
Read Full Article

Tomato prices skyrocket as heavy rains cause shortage in supply

Incessant rain and pest attacks have caused cut-backs in supplies from many major tomato-producing states, triggering a sudden increase in prices.
Read Full Article

Nitin Gadkari announces Rs 200 cr for NH repair in flood-hit Assam

The Road Transport and Highways Minister also sanctioned Rs 400 crore for dredging work in Brahmaputra and said Brahmaputra Express Highway will be constructed in Assam as a highway-cum-embankment t
Read Full Article

Southwest Monsoon arrival cheer Kharif farmers; 53% of area already cultivated

The India Meteorological Department (IMD) has predicted that the rains will increase to 98 percent of long-term average in July vs the earlier predictin of 96 percent
Read Full Article

The GST Regime: Challenges faced by India Inc so far

After over a decade of back and forth, the goods and services tax became a reality on the July 1. India#39;s biggest tax reform since independence subsumed more than a dozen taxes in the country. We
Read Full Article