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NEW DELHI: FMCG major Procter & Gamble (P&G) on Wednesday reported a 42.91 per cent decline in net profit at Rs 44.55 crore for the fourth quarter ended June 30, 2018. The company, which follows July-June financial year, had posted a net profit of Rs 78.04 crore during the April-June quarter a year-ago, P&G said in a BSE filing. Its total income during the quarter under review stood at Rs 531.48 crore. It was Rs 540.77 crore of the corresponding quarter of the last fiscal. P&G’s total expenses were at Rs 457.10 crore. For the financial year 2017-18, P&G’s net profit was down 13.43 per cent at Rs 374.59 crore as against Rs 432.73 crore in 2016-17. This is “largely behind lower non-operating income and increased marketing investments,” the company said in a statement. Its total income was at Rs 2,479.36 crore in 2017-18. It was Rs 2,496.46 crore in the previous fiscal. قالب وردپرس The post P&G Q4 net profit down 43% to Rs 44.55 crore appeared first on ...

It’s been a crazy three years for Shopify (TSX:SHOP)(NYSE:SHOP). Since the company’s IPO in 2015, it has grown to 600,000 stores, $63 billion in (all-time) sales, and a market cap of $18 billion. The stock has also risen by over 400% since going public — not too shabby. But more recently, Shopify shares have been retreating; down by 22% in the past month, they haven’t been having a great August. And yet with revenue growth remaining solid at 62% year over year, Shopify is still a rapidly growing company. Is the recent pullback in Shopify stock a buying opportunity? Or are… It’s been a crazy three years for  Shopify (TSX:SHOP) (NYSE:SHOP). Since the company’s IPO in 2015, it has grown to 600,000 stores, $63 billion in (all-time) sales, and a market cap of $18 billion. The stock has also risen by over 400% since going public — not too shabby. But more recently, Shopify shares have been retreating; down by 22% in the past month, they haven’t been having a great August. And...

© Reuters. Shopping carts are seen at a Target store in Azusa (Reuters) – Target Corp’s (N:) second quarter sales and profit beat estimates on Wednesday, sending its shares up 4 percent in premarket trade, helped by strong online sales and higher customer visits that grew the most in a decade. The retailer said customer traffic at its stores grew 6.4 percent helped by a strong economy. Rising wages, lower unemployment and tax cuts have put more money in U.S. consumers’ pockets this year spurring them to shop more. That has translated to rising sales for retailers including Target’s rivals like Walmart Inc (N:) and Nordstrom Inc (N:). Target has also benefitted from the demise of weaker competitors in the past year. Retail chains including Toys ‘R’ Us Inc and department store operator Bon Ton Store Inc have either shut down operations or filed for bankruptcy this year. Roughly 4,000 retail stores had shut in the U.S. this year through Aug. 10, according to Coresight Research. S...

The Daily In today’s edition of Bitcoin in Brief we cover stories about Intercontinental Exchange’s crypto trading platform Bakkt, which won’t be offering leverage or margin trading, and a US politician who has revealed she’s bought a couple of cryptocurrencies. Also Read: Researcher: Stop Worrying About Bitcoin’s Environmental Impact Bakkt Won’t Offer Leverage Bakkt, the recently-announced subsidiary of the parent of the New York Stock Exchange — Intercontinental Exchange (NYSE: ICE), has decided it won’t offer leverage on crypto trading. This was decided in the name of ensuring efficient price discovery and is meant to set it apart from other venues. Kelly Loeffler, the CEO of Bakkt, stated: “A critical element to price discovery is physical delivery. Specifically, with our solution, the buying and selling of Bitcoin is fully collateralized or pre-funded. As such, our new daily Bitcoin contract will not be traded on margin, use leverage, or serve to create a paper cla...

It is obvious that the market never stands still. The companies are always looking for the most effective and feasible solutions that can meet all customers’ demands. In order to achieve the highest effectiveness and productivity of its proposed solutions, the Ripple company has decided to merge its three main products—xVia, xCurrent and xRapid—into one convenient solution. A new integrated product will be known as Convergence. It was announced by Jim Chauncey-Kelly, the Director of Talents Acquisition at Ripple. Though there is no any official information on their new software project from Ripple, some details of the on-going preparatory work have been revealed by Chauncey-Kelly in his recent interview. When asked about the reasons of expanding the company’s team and hiring a lot of engineers which has happened earlier this year, Jim said that largely it was because of their plans to launch Convergence. He said: “Earlier in the year, a big part of what my team was focused on was...

Bitcoin prices gained $300 in less than one minute August 22 in a leap the cryptocurrency community is broadly attributing to Hong Kong trading platform BitMEX going offline. Bitcoin Hits $6750 In Record Time Data from various price trackers confirms Bitcoin’s increase to $6750 occurred almost simultaneous as BitMEX began a period of scheduled maintenance. The maintenance ran from 0100 UTC to 0200 UTC Wednesday, during which time BTC/USD 0 0 hit a peak of $6850 before correcting to around $6680, where it has since remained. On Twitter, BitMEX said it had encountered additional problems with its login process, as well as a DDoS attack which had delayed the full restoration of its platform’s functionality. Major trading platforms have been indirectly at the heart of the controversy over sudden Bitcoin price moves before. Earlier this month, settling of futures contracts on Chinese exchange OKEx sparked alarm after executives reported manipulative behavior close to the settlem...

In a fresh crackdown on cryptocurrency-related activities, China has blocked several blockchain-related news accounts on WeChat, one of its top social apps. WeChat Crypto Accounts Shuttered In 2017, China had imposed a ban on ICOs because of their unregulated nature and the scams associated with them. The recent ban has been imposed due to the accounts’ non-compliance with “national interests” and “public orders”, as the concerned accounts were found to be publishing information on Initial Coin Offerings (ICOs) and cryptocurrency trading. The ban includes the accounts of some of the biggest cryptocurrency platforms of the country such as Jinse Caijing, Shenlian Caijing, Huobi News according to reports  though their sites and apps are still functioning. These company’s leveraged WeChat’s large user base of over a billion members to reach out to their own niche audience segment. Their revenue models included sponsored content about upcoming ICO projects. The information offered ...

Finally the $6000 – $6600 range has been breached. During this morning, a massive short squeeze took place in Bitcoin: A short squeeze happens, in simple words, when there are a lot of open short positions (short positions were at their peak yesterday). Getting Bitcoin to the levels where lie liquidations of those shorts triggers the market to go higher (due to the liquidations) and that liquidates more shorts. For the market makers, the option of a massive short squeeze became easier since Bitmex exchange had a scheduled maintenance . The squeeze effect reached a high of $7148 on Bitmex! Before getting down to the current levels around the $6600 famous resistance – turned support. What now? RSI levels are very high (market is overbought) so for the next hours we could expect re-testing the $6600 level again. Next resistance lies at $6800, and afterwards $7150 – $7200 (Moving Average 200 days and strong resistance level). An  Interesting month to Bitcoin, with ETF decisions a...

The National Research Council of Canada (NRC) announced Monday that it has built an ethereum blockchain explorer. The organization  wrote in a news release that its Industrial Research Assistance Program (IRAP) is now hosting the explorer on the InterPlanetary File System (IPFS) through services provided by Bitaccess, a blockchain startup. Using IPFS, it said, ensures web applications are both “unalterable and can be accessed far into the future,” regardless of whether the original host is online or not. The explorer allows users to search the ethereum blockchain for proactively published grants and contribution data, according to Bitaccess. The NRC continued: “These are early days, but NRC IRAP’s experiments with blockchain are expected to provide constructive insight into the potential for this technology and how it may be used for more open and transparent operations for public programs.” According to the post, NRC IRAP launched the Canadian government’s first l...

The U.S. Senate has held a hearing on the energy efficiency of blockchain and similar technologies, according to an announcement published August 21. The hearing on energy and natural resources, held by the U.S. Senate Committee in Washington, DC, focused on the application of blockchain and related technologies, as well as the cybersecurity possibilities of using such technologies in the energy industry. In particular, the committee considered the issue of the possible increase in electricity prices following the rising power demand in blockchain applications. The hearing also touched on the methods of evaluating whether blockchain can improve the cybersecurity of the computing systems used to supply energy. Among the speakers, Thomas A. Golden, program manager at Electric Power Research Institute (ERPI), reported that the institute’s research on blockchain and its capabilities led to several pilots that have demonstrated potential promise in the deployment of blockchain to...

It’s a common fallacy that today’s young investors need to be in the “sexy play” at a given point in time if they have any intention of becoming rich. Warren Buffett doesn’t care too much for such overly complicated businesses or asset classes that he doesn’t understand. Even the “sexiest” investment on Wall Street isn’t enough to get Buffett to change his investment philosophy that’s been built upon throughout decades. The temptation is out there, and for beginner investors, it’s hard to resist the siren song of some of the riskier opportunities that are out there. Whether we’re talking about… It’s a common fallacy that today’s young investors need to be in the “sexy play” at a given point in time if they have any intention of becoming rich. Warren Buffett doesn’t care too much for such overly complicated businesses or asset classes that he doesn’t understand. Even the “sexiest” investment on Wall Street isn’t enough to get Buffett to change his investment philosophy that’s been...

Photo: Unsplash Retail is a huge industry. Last year, retailers in the U.S. reported a staggering $3.53 trillion in sales, and the apparel market alone is worth $3 trillion globally. It’s a big market, because we depend on it. Everyone needs things like clothes, shoes, and basic electronics in today’s world, and our only option is to visit a store (either online or in person) and buy them. So it’s clear to see that retail is going absolutely nowhere. But that doesn’t mean retailers can just sit back and heave a sigh of relief. Like many other industries in today’s world, retail is undergoing big and rapid changes. Gone are the days when the only way to shop was to drive or walk to your nearest store and trudge around with bags full of products. We live in the age of the internet, and shopping has evolved into something new, something we do from our smartphones and laptops in the comfort of our homes and offices. As retail has become increasingly digital, big shifts have taken...

Key Points Bitcoin price gained bullish momentum and surged above the $6,480 and $6,550 resistances against the US Dollar. Yesterday’s highlighted key bearish trend line was breached with resistance near $6,475 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair traded above the $6,900 and is currently correcting lower towards key supports. Bitcoin price broke key resistance at $6,550 against the US Dollar. BTC/USD is back in a bullish zone with a close above the $6,620 high. Bitcoin Price Analysis Yesterday, we discussed a few important hurdles near $6,550 in bitcoin price against the US Dollar. The BTC/USD pair traded in a range above the $6,400 level and later surged higher. The price started an upward move and cleared the $6,480 and $6,550 resistance levels. Moreover, there was a break above the last swing high at $6,620 and the 100 hourly simple moving average. During the upside, yesterday’s highlighted key bearish trend line was breached with res...

KuCoin’s pool of cryptocurrencies has remarkably increased. Because of their ongoing development and additional programs, more and more blockchain based projects are trusting this platform to include their native currencies. Today, KuCoin is thrilled to announce that they have listed Locktrip LOC token to their network. Deposit is now possible with trading pairs including LOC/BTC and LOC/ETH. Buying commence at 19:30 UTC+8 while selling and withdrawal at 20:00 UTC+8. About Locktrip LockTrip was developed and organized to accommodate an open and decentralized source for rental bookings. It is the first system that can enable the owner of the property and the end user to transact freely inside its platform. Similar platforms like Booking.com, Expedia.com, and Airbnb.com are on centralized form. They normally charge substantial charges to both users and owners. They require an intermediary or a third party to process the payments included. Hence, the creation of decentralized Lock...

When Adrian Patten, co-founder of FX blockchain project Cobalt, pitches to banks these days, he chooses his words carefully. In a move that may do much to validate Gartner’s finding this week that blockchain hype cycle is entering the so-called “ trough of disillusionment ,” Patten admitted he rarely brings up the technology, choosing instead to focus on the cost savings Cobalt can bring without the benefit of some of the most popular buzzwords of the last few years. “We try not to mention blockchain or DLT too much in case it complicates matters,” he said. In Patten’s view, many financial firms have taken a “me too” approach with blockchain, exemplified by things like the herd of banks joining the R3 consortium. In addition, most are probably invested in too many proofs-of-concept, he said. “They tend to think, if everybody else is in it, they ought to be in it, just in case a board member asks them what they are doing in blockchain,” he continued. The result is that people hav...

Vague statements in Chinese mining giant Bitmain Technologies ’ investor deck ambiguously and potentially misleadingly list investors ahead of its rumored Initial Public Offering (IPO). In a Bitmain pre-IPO investor deck acquired by Cointelegraph, DST Global is listed as an investor, with claims that the investment is “recently completed.”  Henry Wu, a lawyer and legal expert at Chinese law firm L&Y Law Office, spoke with Cointelegraph, explaining that the document’s wording in the original Chinese is left vague. While it is possible to dispute the meaning, to the layperson or an uninitiated potential investor, the language would suggest Bitmain has acquired funds from DST Global. Earlier today, John Lindfors, a managing partner at DST Global, said in an email to Cointelegraph that he “can confirm that DST has never invested in Bitmain.” Wu said that if an investor used the information that DST Global invested in Bitmain to decide whether to contribute their own fund...