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Market News

Location American Market News for 25 May 2018
Tata Communications, Arvind to move out from NSE's Nifty Midcap 50 index Indian Bank, National Aluminium would replace telecom player Tata Communications and textile major Arvind on NSE's Nifty Midcap 50 from 29 June
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EPFO notifies 8.55% interest rate on PF for 2017-18, lowest in 5 years Employees' Provident Fund Organisation (EPFO) has asked its field offices to credit 8.55% interest rate for 2017-18, the lowest rate since 2012-13 fiscal, into the PF accounts of around 5 crore subscribers
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Ahead of IPO, Eastman Auto and Power offers ESOPs to staff Eastman Auto and Power, which is planning to come out with an IPO at a later date, said the ESOPs is a 'reward to employees' for their contribution
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Shares of shoe retailer Foot Locker surge after the company reports earnings well ahead of Wall Street expectations.
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The options market is implying a relatively tame move for Lululemon on next week's earnings report after a mammoth run.
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Samsonite Needs to Make Its Case

Wall Street Journal - 25 May 2018 12:15
Suitcase maker Samsonite has questions to answer about its accounting practices.
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Autodesk forecast second-quarter profit on Thursday below Wall Street expectations, sending the AutoCAD software maker's shares down nearly 4 percent.
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Gold prices surge Rs350 on global cues, high demand

livemint.com - 25 May 2018 11:47
Gold prices surge Rs350 on global cues, high demand Gold prices jump by Rs350 to Rs 32,475 per 10 gram, extending its rising streak for the fourth straight day largely on firming trend overseas amid persistent buying by local jewellers
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Best Buy: Don't Touch That Omni-Channel

Wall Street Journal - 25 May 2018 11:30
Best Buy beat analyst forecasts on Thursday but the stock sank in what seems to be a misguided reaction to slowing online sales.
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As Singapore and India fight over futures, investor worries grow The question investors are asking is what they'll do if Singapore abandons Indian futures
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TCS market cap surges past Rs7 trillion mark

livemint.com - 25 May 2018 10:51
TCS market cap surges past Rs7 trillion mark Buoyed by a rally in its share price to Rs3,674, a 52-week-high, TCS's market cap jumped to Rs703,309 crore in intraday trading on the BSE
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How to start an SIP in a mutual fund

livemint.com - 25 May 2018 08:18
How to start an SIP in a mutual fund Evaluate your income and total expense and see how much you can put aside for an SIP every month. Next, you need to find the right mutual fund to invest in
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Three reasons to file income tax returns on time

livemint.com - 25 May 2018 08:12
Three reasons to file income tax returns on time It is important to file income tax returns, or ITR, on time because you may be asked to provide related details to avail of various services
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5 myths about personal finance and how to deal with them Many find discussions around personal finance either boring or not meant for them. Most of it comes from myths they have in their mind. We debunk five of them
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Tap on these hotel-booking apps for a budget roadtrip Hotel-booking apps such as Urbanpod, Zostel and Backpacker Panda could help you with budget roadtrips, while helping you connect with fellow travellers
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Decoding the battle between NSE and SGX

livemint.com - 25 May 2018 05:43
Decoding the battle between NSE and SGX A 16-year-old mutually beneficial relationship between National Stock Exchange (NSE) and Singapore Exchange (SGX) has soured to a point of no return over trading of Nifty 50 equity derivative products
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Rupee strengthens against US dollar

livemint.com - 25 May 2018 05:43
Rupee strengthens against US dollar At 9.09 am, the rupee was trading at 68.24 a dollar, up 0.15% from its Thursday's close of 68.35
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Motherson Sumi continues to face margin pressure in foreign markets Fortunately, with more than two-third share in supplies to OEMs in India, Motherson Sumi is on a strong wicket on home ground
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What the Warren Buffett indicator tells us about market valuations today India's Market Cap to GDP ratio is trading above its long-term moving average, but despite the sharp rally in recent years, it is still lower than the peak seen during 2007
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Jet Airways lands with a thud in Q4 as fuel costs increase Among the three listed aviation companies, Jet Airways' Q4 results were the most disappointing--the company made a loss at the Ebitda level
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Opening bell: Asia opens lower; Bank of Baroda, Idea, Sun Pharma in focus In other news, Manipal-TPG combine has said it has extended the validity of its modified offer for Fortis Healthcare to 6 June
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