Two arrested for scam involving sham Bitcoin trading

Two persons including a woman have been arrested here for allegedly duping investors on the pretext of Bitcoin trading. The accused – Manoj Patel and Avika Mishra – are allegedly involved in a scam running into Rs 10-15 crore, police said on Friday. A case against the accused was lodged with the police’s special operations group by a man, they said, adding that the complainant had alleged that he was defrauded by both the accused persons who ran an organised gang to dupe people in the…

US health officials to check patients with flu symptoms for coronavirus

National Center for Immunization and Respiratory Diseases Director Nancy Messonnier speaks during a press conference today at the Department of Health and Human Services on the coordinated public health response to the 2019 coronavirus (2019-nCoV), January 28, 2020 in Washington, DC. Samuel Corum U.S. health officials will monitor people with flu-like symptoms for the coronavirus in five cities, the Centers for Disease Control and Prevention said Friday. The five labs are in Los Angeles, San Francisco, Seattle, Chicago and New York City. Dr. Nancy Messonnier, director of the National Center…

Derivatives strategy on Torrent Pharmaceuticals by HDFC Securities

BUY TORRENT PHARMA FEB FUTURE @ Rs 2,090 Stop loss at Rs 2,040 Target of Rs 2,250 Rationale: — The stock price has registered new all time high with higher volumes — Higher tops and higher bottoms on the daily and weekly charts — Stock price is also placed above all important moving average parameters — Long build-up is seen in the Derivatives Segment We recommend buying Torrent Pharma Feb Fut at…

Boeing submits initial plan for resolving 737 Max wiring concerns

A Boeing 737 MAX 9 is pictured outside the factory in Renton, Washington. Stephen Brashear | Getty Images After weeks of assessing concerns about the placement of wiring bundles in 737 Max airplanes, Boeing has submitted its initial recommendation to the FAA for how to resolve the issue. Sources say Boeing believes it does not need to modify the wiring bundles nor move their location within the plane. Technical staff with the FAA and the European Union Aviation Safety Agency have raised questions about the potential for the wiring bundles…

Africa records first Coronavirus in Egypt

Africa confirmed on Friday its first Coronavirus case in Egypt and said the affected person was a foreigner who had been put into isolation in hospital. The health ministry said in a statement it had immediately informed the World Health Organization (WHO) and had taken all necessary preventative measures. It did not give the nationality of the affected person, or any other details. WHO Egypt said on Twitter the person was carrying the virus, but had not shown any symptoms and was in a stable condition. Source: business 0

United pulls Boeing 737 Max from summer schedule until September

United Airlines on Friday pulled the Boeing 737 Max from its schedule until Sep. 4 and expects to cancel more than 7,700 flights from June through September. Summer is considered the peak summer season for travel. The decision does not come as a surprise considering the airline said last month that it did not expect to fly the grounded plane this summer. The move comes after Southwest Airlines said Thursday that it removed the 737 Max from its schedules until mid-August. Boeing told airlines and suppliers last month that it…

Sebi issues show-case notice to 2 former senior executives of CARE Ratings

The Securities and Exchange Board of India (Sebi) on Friday issued a show-case notice to two former senior executives of CARE Ratings for their alleged interference in the rating action of YES Bank and Dewan Housing Finance (DHFL), according to sources. In the notice, Sebi has asked former managing director (MD) and chief executive officer (CEO) Rajesh Mokashi and chairman SB Mainak to explain why they should not be debarred from holding key managerial positions of market intermediaries and listed companies. …

Disgraced lawyer Michael Avenatti found guilty in Nike extortion trial

Disgraced lawyer Michael Avenatti was convicted Friday by a jury of all three charges related to his efforts to extort up to $25 million from athletic apparel giant Nike. The verdict in U.S. District Court in Manhattan came two years after Avenatti gained widespread notoriety for his representation of porn star Stormy Daniels in her legal disputes with President Donald Trump. The lawyer, who had briefly flirted with running for president, faces two other pending federal criminal cases this spring related to alleged thefts from clients, including Daniels, and other…

Page Industries slips 8% on disappointing December quarter results

Shares of inner wear maker Page Industries slipped 8 per cent to Rs 21,650 on the BSE on Friday after the company reported a sharp 500 basis points decline in operating profit margins in December quarter (Q3FY20), due to higher expenses. Page Industries is engaged in the manufacturing, distribution, and marketing of innerwear athleisure sleepwear and swimwear for men, women, and kids. It is the exclusive licensee of Jockey International for manufacture, distribution, and marketing of the JOCKEY brand in India. In Q3FY20, the earnings before…