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Market News

Location American Market News for 24 August 2017
Single-window clearance plan for FPIs hits regulatory hurdles Sebi is in favour of a single application form for KYC and PAN, but CBDT wants stricter requirements
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Stock market reaction to banking regulation ordinance has been positive for banks: report Stock market reaction to the Banking Regulation Ordinance, 2017 has been positive for banks and their high quality borrowers but negative for distressed firms, shows a report
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Market roundup | After Indonesia, India has got most room to ease India, which lowered rates this month, has the most scope to cut interest rates further, followed by Thailand
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HDFC to raise Rs2,000 crore via debentures

livemint.com - 24 Aug 2017 21:22
HDFC to raise Rs2,000 crore via debentures HDFC says the proceeds of the present issue, which opens on 28 August , would be utilised for financing the housing finance business requirements of the corporation
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Finding New Owners for Fiat Chrysler Won't Be Easy

Wall Street Journal - 24 Aug 2017 21:20
Fiat Chrysler stock is up 30% in less than two weeks on a variety of rumors, but the auto maker may struggle to find buyers for more than its parts business.
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LLNW Stock: The $3 Penny Stock Every Investor Should Own

Profit Confidential - 24 Aug 2017 20:59
LLNW Stock: The $3 Penny Stock Every Investor Should Own Traffic Growth a Big Catalyst for Limelight Networks Stock Today's stock represents another of my favorite investing methods. It is called venture capital investing, which is investing in the stocks of companies that pro...
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Ethereum heists: Cyber bank robbers stick up cryptocurrency owners for $225 million US-based firm Chainalysis says over 30,000 people have fallen prey to ethereum-related cyber crime, losing an average of $7,500 each
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Biyani firm Future Supply Chain files IPO papers, to raise Rs700 crore Future Supply Chain's IPO will see its promoter group Future Enterprises and SSG Capital Management sell a total of 9.78 million shares, according to the draft prospectus
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Apex Frozen Foods IPO oversubscribed 6 times on final day Apex Frozen Foods says IPO received bids for 3,78,71,280 shares as against the total issue size of 62,10,000, indicating a subscription of 6.10 times
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Dollar Tree reported better-than-expected profit and comparable sales, helped by lower costs and discounts.
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Sears reported a double-digit decline in second-quarter same-store sales, citing a "challenging" retail environment.
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EPFO to go paperless by August 2018

livemint.com - 24 Aug 2017 17:01
EPFO to go paperless by August 2018 Central PF commissioner V.P. Joy says EPFO will provide all its services electronically by August 2018 as the retirement fund body plans to go paperless as part of Digital India
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Gold prices slide Rs90 on global cues

livemint.com - 24 Aug 2017 16:44
Gold prices slide Rs90 on global cues Pure gold eased by Rs90 at Rs 29,060 per 10 grams against Rs 29,150 previously
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China's Mobile-Payment Food Fight

Wall Street Journal - 24 Aug 2017 16:15
China's leading internet search company, Baidu, is moving out of the food delivery business, ceding ground to its two largest domestic tech rivals, which dominate the sector.
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Ripple Price Forecast and Analysis - August 24, 2017

Profit Confidential - 24 Aug 2017 16:11
Yesterday, Ripple prices took a minor hit as investors extracted profits from earlier trading. The momentary sell-off was necessary to expunge fickle speculators, but it also ended a hot streak of Ripple news by adding r...
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Merck Is Good for Your Portfolio's Health

Wall Street Journal - 24 Aug 2017 15:23
Buying Merck gives investors exposure to the most promising cancer drug on the market at a good price.
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Tiffany reported an 8.8 percent rise in quarterly profit on Thursday, helped by lower product input costs and more sales of higher-margin jewelry.
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Gold prices grow on sliding dollar, rise Rs150

livemint.com - 24 Aug 2017 15:02
Gold prices grow on sliding dollar, rise Rs150 Gold prices made the most of a general weakness in the dollar by bouncing Rs150 to Rs 29,850 per 10 grams
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Salesforce Stock Breaks Out and These Are the Implications

Profit Confidential - 24 Aug 2017 13:30
CRM Stock: Advancing Impulse Wave Is Developing salesforce.com, inc. (NYSE: CRM) reported earnings on August 22. The company reported numbers that beat on on both the top and bottom lines and, as an added bonus, manageme...
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Infosys needs a clear break from its founders, not a patch-up with them Nandan Nilekani's return doesn't solve the larger problem related to the interference of the founders in the management of Infosys, say analysts
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Cadila Healthcare shares jump 9% on USFDA nod for hypertension drug Cadila Healthcare scrip rose 8.95% to an intra-day high of Rs503.90 on the BSE. It had opened at Rs465.85
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Infosys shares jump 3% on buzz of Nandan Nilekani's return Infosys shares soared 2.71% to an intra-day high of Rs918.80 on the BSE
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