Markets
Aircel-Maxis case: Court discharges Maran brothers
- February 02, 2017
Besides Maran brothers, the court discharged two companies - M/s Sun Direct TV (P) Ltd (SDTPL) and M/s South Asia Entertainment Holdings Ltd. The accused had however denied these charges in court. Sivasankaran had accused that in return for getting the license he was forced to sell 74% stake in Aircel in December 2005 to a company called Maxis. (more...)
- February 02, 2017
Besides Maran brothers, the court discharged two companies - M/s Sun Direct TV (P) Ltd (SDTPL) and M/s South Asia Entertainment Holdings Ltd. The accused had however denied these charges in court. Sivasankaran had accused that in return for getting the license he was forced to sell 74% stake in Aircel in December 2005 to a company called Maxis. (more...)
TDP and Amaravati area farmers ecstatic over capital gains tax exemptions
- February 02, 2017
I feel capital gains tax exemption for those who pooled their land to build our new capital Amaravati is a great recognition of their spirit and a worthy reward. Between June 2 (when the state was bifurcated) and September 3, 2014, about 604 transactions took place and 515 acres of land was sold. Capital gains tax exemption is expected to benefit the farmers to the tune of around Rs 10 lakh to Rs 30 lakh, depending on the value of their plots. (more...)
- February 02, 2017
I feel capital gains tax exemption for those who pooled their land to build our new capital Amaravati is a great recognition of their spirit and a worthy reward. Between June 2 (when the state was bifurcated) and September 3, 2014, about 604 transactions took place and 515 acres of land was sold. Capital gains tax exemption is expected to benefit the farmers to the tune of around Rs 10 lakh to Rs 30 lakh, depending on the value of their plots. (more...)
Ralph Lauren Stock Plunges as CEO Larsson Departs
- February 02, 2017
This was part of what Larsson called a "Way Forward" plan for Ralph Lauren. Lauren said at the time that Larsson "understands what dreams are", maintains that he pushed the company in the right direction. So has Abercrombie & Fitch (ANF), which once was the king of mall-based retailers. The company announced today that Larsson is out the door, departing less than two years after taking the job amid "different views" about the business. (more...)
- February 02, 2017
This was part of what Larsson called a "Way Forward" plan for Ralph Lauren. Lauren said at the time that Larsson "understands what dreams are", maintains that he pushed the company in the right direction. So has Abercrombie & Fitch (ANF), which once was the king of mall-based retailers. The company announced today that Larsson is out the door, departing less than two years after taking the job amid "different views" about the business. (more...)
Mark Carney: Brexit won't cause recession in the UK
- February 02, 2017
Domestic demand and consumer spending have been stronger than expected over the past few months, but continued moderation in pay growth and higher import prices following sterling's depreciation are likely to mean materially weaker income growth and lower household spending, according to the Report . (more...)
- February 02, 2017
Domestic demand and consumer spending have been stronger than expected over the past few months, but continued moderation in pay growth and higher import prices following sterling's depreciation are likely to mean materially weaker income growth and lower household spending, according to the Report . (more...)
Bank of England sharply raises economic forecast in Quarterly Report
- February 02, 2017
The Bank of England held interest rates steady at the record low of 0.25% on Thursday, after the February meeting of the bank's Monetary Policy Committee (MPC ). At present the monetary policy committee still felt it remained appropriate to let inflation run above target, saying "the continuing suitability of the current policy stance depends on the trade-off between above-target inflation and slack in the economy". (more...)
- February 02, 2017
The Bank of England held interest rates steady at the record low of 0.25% on Thursday, after the February meeting of the bank's Monetary Policy Committee (MPC ). At present the monetary policy committee still felt it remained appropriate to let inflation run above target, saying "the continuing suitability of the current policy stance depends on the trade-off between above-target inflation and slack in the economy". (more...)
Be Familiar with Analyst's Ratings: Zimmer Biomet Holdings, Inc.'s (ZBH)
- February 02, 2017
The consensus rating is 2.5, suggesting the market has given up on the stock. According to these analysts, the Low Revenue Estimate for Zimmer Biomet Holdings, Inc.is 1.96 Billion and the High Revenue Estimate is 2.01 Billion. The stock now has an average rating of Buy and a consensus price target of $133.75. Cornerstone Advisors Inc. now owns 2,073 shares of the company's stock worth $250,000 after buying an additional 57 shares in the last quarter. (more...)
- February 02, 2017
The consensus rating is 2.5, suggesting the market has given up on the stock. According to these analysts, the Low Revenue Estimate for Zimmer Biomet Holdings, Inc.is 1.96 Billion and the High Revenue Estimate is 2.01 Billion. The stock now has an average rating of Buy and a consensus price target of $133.75. Cornerstone Advisors Inc. now owns 2,073 shares of the company's stock worth $250,000 after buying an additional 57 shares in the last quarter. (more...)
Uber suspends its service in Taiwan as fines mount
- February 02, 2017
Calling the pullout a "tough decision", Uber said it is "an ordinary citizen that is facing unprecedented penalties for providing passengers with a safe ride". Uber announced on Thursday it is halting operations in Taiwan, saying it is at an "impasse" with authorities which deem the ride-hailing app as illegal. (more...)
- February 02, 2017
Calling the pullout a "tough decision", Uber said it is "an ordinary citizen that is facing unprecedented penalties for providing passengers with a safe ride". Uber announced on Thursday it is halting operations in Taiwan, saying it is at an "impasse" with authorities which deem the ride-hailing app as illegal. (more...)
History of Boston Scientific Corporation (NYSE:BSX) stock price after earnings
- February 02, 2017
Boston Scientific Corporation (NYSE:BSX) have shown a high EPS growth of 24.00% in the last 5 years and has earnings growth of 213.70% yoy. Boston Scientific Corp (BSX) reported earnings for its fourth quarter that climbed from a year ago. (more...)
- February 02, 2017
Boston Scientific Corporation (NYSE:BSX) have shown a high EPS growth of 24.00% in the last 5 years and has earnings growth of 213.70% yoy. Boston Scientific Corp (BSX) reported earnings for its fourth quarter that climbed from a year ago. (more...)
The Emerald Acquisition Ltd. Has $4784000 Position in Physicians Realty Trust (DOC)
- February 02, 2017
Based on several research reports, Education Realty Trust was Upgraded by BofA/Merrill to " Buy" on Nov 23, 2016. They set a "buy" rating for the company. (NYSE:DLR) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The disclosure for this sale can be found here. (more...)
- February 02, 2017
Based on several research reports, Education Realty Trust was Upgraded by BofA/Merrill to " Buy" on Nov 23, 2016. They set a "buy" rating for the company. (NYSE:DLR) by 11.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The disclosure for this sale can be found here. (more...)
Germany Investigates its Stock Exchange Chief
- February 02, 2017
Deutsche Boerse shares rose after it agreed to what it calls a merger of equals with the London Stock Exchange Group. Prosecutors said they suspected that Kengeter knew of the possibility of a merger when he bought the shares and that this, if proven, would be insider trading under German law. (more...)
- February 02, 2017
Deutsche Boerse shares rose after it agreed to what it calls a merger of equals with the London Stock Exchange Group. Prosecutors said they suspected that Kengeter knew of the possibility of a merger when he bought the shares and that this, if proven, would be insider trading under German law. (more...)
Elliott nominates 5 directors in proxy fight aimed at Arconic
- February 02, 2017
The company said on Monday that Kleinfeld had the unanimous support of its board of directors despite reports some shareholders wanted to oust him. Elliott Management released its complaints about Kleinfeld while the CEO was tied up with both his appearance on CNBC's "Mad Money" show, as well Arconic's conference call, meaning he couldn't respond until the next day. (more...)
- February 02, 2017
The company said on Monday that Kleinfeld had the unanimous support of its board of directors despite reports some shareholders wanted to oust him. Elliott Management released its complaints about Kleinfeld while the CEO was tied up with both his appearance on CNBC's "Mad Money" show, as well Arconic's conference call, meaning he couldn't respond until the next day. (more...)
Chaitanya Kalbag Jaitley keeps a steady hand on India's economic tiller
- February 02, 2017
Arvind Subramanian, Jaitley's chief economic adviser, said on January 31 that GDP would likely grow between 6.75% and 7.5% in 2017-18, but the International Monetary Fund has predicted 6.6% growth. Announcement was also made to bring back one crore households out of poverty and making 50,000-gram panchayats poverty free by 2019, besides allocating highest ever funds to rural job scheme MGNRGEA. (more...)
- February 02, 2017
Arvind Subramanian, Jaitley's chief economic adviser, said on January 31 that GDP would likely grow between 6.75% and 7.5% in 2017-18, but the International Monetary Fund has predicted 6.6% growth. Announcement was also made to bring back one crore households out of poverty and making 50,000-gram panchayats poverty free by 2019, besides allocating highest ever funds to rural job scheme MGNRGEA. (more...)
Bank of England stays on hold, forecasts sluggish growth in 2018/19
- February 02, 2017
The Bank, which had warned a Brexit vote could tip the United Kingdom into recession, has increased its growth forecasts since the European Union referendum, and its latest quarterly inflation report is expected to show a further nudge upwards for 2017. (more...)
- February 02, 2017
The Bank, which had warned a Brexit vote could tip the United Kingdom into recession, has increased its growth forecasts since the European Union referendum, and its latest quarterly inflation report is expected to show a further nudge upwards for 2017. (more...)
Vodafone India sales affected by competition, demonetization
- February 02, 2017
Vodafone said it saw some improved commercial momentum as its customer service levels began to improve in the United Kingdom, with higher than usual contract customer additions, while its growing broadband service offset some of the other losses - Vodafone now claims to have 183,000 broadband customers in the United Kingdom, 129,000 of them consumers. (more...)
- February 02, 2017
Vodafone said it saw some improved commercial momentum as its customer service levels began to improve in the United Kingdom, with higher than usual contract customer additions, while its growing broadband service offset some of the other losses - Vodafone now claims to have 183,000 broadband customers in the United Kingdom, 129,000 of them consumers. (more...)
Mead Johnson Stock Up On $90/ Share Takeover Talks With Reckitt Benckiser
- February 02, 2017
Reckitt shares rose 4.6% after it said it made a $90-a-share cash offer for Mead Johnson , valuing it at $16.7bn. It represented, RB said, a premium of nearly 30% on Mead's share price at close of trading on Wednesday. Its statement to the stock exchange said: "The parties are presently engaged in a period of due diligence and contract discussion". Reckitt Benckiser plans to fund the deal through cash and debt. (more...)
- February 02, 2017
Reckitt shares rose 4.6% after it said it made a $90-a-share cash offer for Mead Johnson , valuing it at $16.7bn. It represented, RB said, a premium of nearly 30% on Mead's share price at close of trading on Wednesday. Its statement to the stock exchange said: "The parties are presently engaged in a period of due diligence and contract discussion". Reckitt Benckiser plans to fund the deal through cash and debt. (more...)
Former minister E Ahamed collapses during President's address, taken to hospital
- February 02, 2017
President Pranab Mukherjee signed the relevant papers around 9am on Wednesday and Mahajan also consulted the government. E Ahamed was the President of the IUML when he died. Congress Vice President Rahul Gandhi also expressed condolences on the Kerala leader's death. Meanwhile, Congress on Wednesday demanded postponement of the budget following the demise of Ahamed. (more...)
- February 02, 2017
President Pranab Mukherjee signed the relevant papers around 9am on Wednesday and Mahajan also consulted the government. E Ahamed was the President of the IUML when he died. Congress Vice President Rahul Gandhi also expressed condolences on the Kerala leader's death. Meanwhile, Congress on Wednesday demanded postponement of the budget following the demise of Ahamed. (more...)
Trump Already Raised Over $7 Million for 2020 Re-Election Campaign
- February 02, 2017
Trump's private plane company, TAG air reportedly received the maximum money from Trump's campaign, which amounted to $12.8 million that also includes costs associated with Trump-owned offices and hotels, security and office supplies. President Trump also filed for re-election with the Federal Election Commission on Inauguration Day. Trump repeatedly said he would leave his businesses before being inaugurated on January 20, and put his sons Don and Eric in charge. (more...)
- February 02, 2017
Trump's private plane company, TAG air reportedly received the maximum money from Trump's campaign, which amounted to $12.8 million that also includes costs associated with Trump-owned offices and hotels, security and office supplies. President Trump also filed for re-election with the Federal Election Commission on Inauguration Day. Trump repeatedly said he would leave his businesses before being inaugurated on January 20, and put his sons Don and Eric in charge. (more...)
Apple Inc. 35.4% Potential Upside Now Implied by Maxim Group
- February 02, 2017
They expect $3.22 EPS, down 1.86% or $0.06 from last year's $3.28 per share. The company's revenue was up 3.3% compared to the same quarter a year ago. During the same quarter in the previous year, the company posted $3.28 EPS. Thus Surprise Factor was there with 2.9 percent. Michael Hewson, chief market analyst at CMC Markets , said: "US markets have regained their footing today opening higher, helped by a bumper earnings announcement from Apple and a forecast busting ADP payrolls report ... (more...)
- February 02, 2017
They expect $3.22 EPS, down 1.86% or $0.06 from last year's $3.28 per share. The company's revenue was up 3.3% compared to the same quarter a year ago. During the same quarter in the previous year, the company posted $3.28 EPS. Thus Surprise Factor was there with 2.9 percent. Michael Hewson, chief market analyst at CMC Markets , said: "US markets have regained their footing today opening higher, helped by a bumper earnings announcement from Apple and a forecast busting ADP payrolls report ... (more...)
HSBC Reiterated Tesco PLC (LON:TSCO) As 'Buy'
- February 02, 2017
Following an update released by analysts at Barclays Capital on Wednesday the broker has now set a "Equal weight" rating on shares of Paragon Group of Companies (The) PLC (LON:PAG) with a price target of 440. The Company is an engineering solutions provider. It operates in two divisions: Aerospace and Flexonics. The Flexonics division serves markets with products for land vehicle emission control and industrial process control applications. (more...)
- February 02, 2017
Following an update released by analysts at Barclays Capital on Wednesday the broker has now set a "Equal weight" rating on shares of Paragon Group of Companies (The) PLC (LON:PAG) with a price target of 440. The Company is an engineering solutions provider. It operates in two divisions: Aerospace and Flexonics. The Flexonics division serves markets with products for land vehicle emission control and industrial process control applications. (more...)
Union Budget 2017: No mega deals for start-ups this year
- February 02, 2017
Of the 76 lakh individual assesses who have declared an income of over Rs 5 lakh, 56 lakh are salaried. Also, 15% surcharge on income above Rs 1 crore will continue. "We are largely a tax non-compliant society". However, he has budgeted for a 15.3% increase in direct tax collections-R5.4 lakh crore from corporation taxes and R4.4 lakh crore from personal income taxes . (more...)
- February 02, 2017
Of the 76 lakh individual assesses who have declared an income of over Rs 5 lakh, 56 lakh are salaried. Also, 15% surcharge on income above Rs 1 crore will continue. "We are largely a tax non-compliant society". However, he has budgeted for a 15.3% increase in direct tax collections-R5.4 lakh crore from corporation taxes and R4.4 lakh crore from personal income taxes . (more...)
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