Markets
A day earlier than funds, Sensex slips beneath 36000-mark
The 50-share Nifty was 6 points down at 11,043. Just a day ahead of the Union Budget, the market showed signs of nervousness as it traded lower for the larger part of the day. Shares of Bharti Infratel, Kotak Bank, Tech Mahindra, BPCL, HPCL and Reliance Industries, were the top gainers. ONGC, Dr Reddy's Laboratories, Hindustan Unilever and Coal India fell around 1 percent in the Nifty pack... [Full Article...]
Income Tax department attaches Shah Rukh Khan's Alibaug farmhouse under Benami Act
The transactions were designed in such a way that the agricultural land acquired by Deja vu Farms would benefit SRK in the end. Deja Vu Farms, which has SRK's in-laws as directors and other members on board, acted as benamidar for Khan , who is the beneficiary. [Full Article...]
Fujifilm says to cut 10000 jobs at joint venture with Xerox
Through restructuring and other reforms, the companies expect to save $1.7 billion a year by 2022. Fuji Xerox sells printers, copiers, production systems and software across the Asia-Pacific region. "This has been a speedy decision, but I believe it's a creative one", Fujifilm CEO Komori told reporters at a briefing. Xerox Corp owns the remaining 25 percent of Fuji Xerox and has faced pressure... [Full Article...]
Stock Rating Report: Exxon Mobil Corporation (XOM)
Exxon Mobil Corporation (NYSE: XOM ) market capitalization at present is $375.89B at the rate of $88.01 a share. It has underperformed by 25.78% the S&P500. (NYSE:RHT) on Wednesday, December 13 with "Buy" rating. On Wednesday, September 23 the stock rating was initiated by Macquarie Research with "Underperform". [Full Article...]
Stock Down -0.33% Over the Last Month: Ophir Energy Company (OPGYF)
Columbia Asset Mgmt stated it has 5,070 shares or 0.13% of all its holdings. 8,609 are owned by Riverpoint Capital Management Ltd Com. The stock has a beta value of 0.26. About 5.32M shares traded or 56.62% up from the average. Bernstein initiated Costco Wholesale Corporation (NASDAQ:COST) rating on Monday, February 6. [Full Article...]
Padmaavat all set to cross Rs. 100 crore mark
She was referencing the climactic scene in the film in which actress Deepika Padukone (who plays the Hindu queen) leads a group of women setting fire to themselves after an attacking mob enters their kingdom and kills all the men. Their verdict can not be questioned or upheld by any court of law. Previous year it had banned the Disney movie Beauty and the Beast due to references to same-sex rela... [Full Article...]
Samsung Electronics decides on 50:1 stock split
Net income Attributable to the Shareholders of the Parent Company for the fourth-quarter rose significantly at 73.72 per cent to 12.02 trillion won from 6.92 trillion won in the same quarter previous year. The outlook for Samsung's smartphones is uncertain amid competition from Chinese rivals in markets like Europe and Asia, with the mobile division expected to show shipment growth of about 1-2 pe... [Full Article...]
South Korea doesn't intend to shut down virtual coin trading
Reinforcing Seoul's intent to tighten the screws on a market widely seen as opaque and risky by global policymakers, the country's customs earlier on Wednesday announced it had uncovered illegal cryptocurrency foreign exchange trading worth almost $600 million. [Full Article...]