News Reality

Gold demand to get festival boost as prices tumble

The festival of light and recent fall in gold prices is all set to bring back the shine on yellow metal, boosting jewellery demand which has been lagging for last few months.Standard gold prices have...
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Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Citigroup Inc (NYSE: C), where a total volume of 127,652 contracts has been traded thus
In a bid to push its subscription busines, Pandora finally launched its Pandora Premium service, which is essentially a $10 per month on-demand music subscription service, similar to what Spotfiy prov
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Walt Disney Co. (NYSE: DIS), where a total volume of 104,351 contracts has been traded
The directors of a company tend to have a unique inside view into the business, so when directors make major buys, investors are wise to take notice. Presumably the only reason a director of a company
Recently, Viacom announced a partnership with IMG Worlds to develop its first Nickelodeon Park in the Middle East. The new park, which will be a significant addition to Nickelodeon branded attractions
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Honeywell International Inc (NYSE: HON), where a total of 15,472 contracts have traded so far, r
Looking at options trading activity among components of the S&P 500 index, there is noteworthy activity today in Mylan NV (NASD: MYL), where a total volume of 29,954 contracts has been traded thus far
Fallout of Sharepro event; considers minimum net worth of Rs 2 crore
Hopes Italy may take a controlling stake in troubled bank Monte dei Paschi di Siena helped the London market record its biggest rise since Donald Trump's shock US presidential victory.
At Howard Schultz's last Starbucks investor day as the company's CEO, he unveiled the company's plans for the next five years. The vision is grand, and includes massive stores shelling coffee for $10
Analysts say banks might not cut rates in a hurry and could post weak results in FY17 2nd half
Banks are flush with funds but RBI had reset the CRR norms with retrospective effect to ensure that 100% of deposits since Sept 16-Nov 11 were covered
India's benchmark BSE Sensex index is expected to rise next year but it may not scale record highs predicted a few months back
Experts say these could be largely insulated if the markets turn volatile on account of global headwinds
Reserve Bank's decision to leave interest rates untouched caught the market by surprise as the Sensex switched gears by reversing its two days of gains
• Nifty 50 Futures (8123) COMMENT: Initiate fresh short position with a fixed stop-loss if the contract fails to move beyond 8170 levels • HDFC Bank (?1181) COMMENT: Make use of intra-day r...
SEBI on Wednesday settled a case of Mathew Joseph, a senior executive of HDFC, for over ?2.67 lakh in relation to alleged violation of insider trading norms.Mathew Joseph, a member of the executive .
But series of resistances may halt the current upmove
Majority of the expansion will happen beyond the top 10 cities
Floor price fixed at ?130/share; the move is to meet public shareholding norm
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a tec
The stock of Sun Pharma Advanced Research Company (SPARC) fell 3.6 per cent on Wednesday on encountering a key resistance at around ?333. Since registering an all-time high at ?593 in March 2015, t..
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a tec
The support in the ?735-740 per kg zone for the Nickel futures contract traded on the Multi Commodity Exchange (MCX) has held well over the past week. The contract made a low of ?744.6 on November 30
Crude Palm Oil (CPO) prices have been surging continuously over the last several weeks. Prices have skyrocketed over 10 per cent since the first week of November. The Crude Palm Oil futures contract.
Aditya Birla Fashion and Retail is now evaluating various options to settle the lawful entitlements of the non-resident shareholders of Aditya Birla Nuvo (ABNL) holding shares on repatriable basis. T
The securities allotment committee of the board of Sagar Cements has allotted 6.11 lakh equity shares at ?800 a share on preferential basis. Through the issue, the company has raised ?48.88 crore. Th
The cotton market in Andhra Pradesh, one of the major producers in the country, has plunged into a deep crisis in the aftermath of demonetisation, as transactions have almost come to a halt and price
Promoter Vertex Projects has increased its stake in GVK Power & Infrastructure by buying shares from other promoters. Vertex Projects bought 9.48 crore of the shares on Tuesday through a block de
Pepper markets on Wednesday stayed firmer on tight supplies and on reports that Vietnam has stopped selling. On the terminal market, 3 tonnes were traded at ?690 a kg. Spot prices moved up by ?100 a.
Ashoka Buildcon on Wednesday informed the exchanges that it has received letters of intent for five projects from North and South Bihar Power Distribution Co in Bihar. The total cost of these power d
Divi’s Laboratories on Wednesday said its Visakhapatnam unit-II received a Form 483 letter from the US Food and Drug Administration. Form 483 is issued to a firm’s management at the conclusion of an
For Sale No: 49 of the auctions of Coonoor Tea Trade Association to be held on Thursday and Friday, a volume of 9.57 lakh kg has been catalogued. This is some 54,000 kg less than the offer of last we
Sugar market at Vashi ruled weak on limited demand and volumes. Naka and mill tender rates were steady but selling by producers kept the market under pressure. Vashi traders sold the commodity at ?5.

Recent News

Fayose in army camouflage, embarrassment to our people – Ekiti APC

 Kamarudeen Ogundele, Ado Ekiti The All Progressives Congress in Ekiti State has berated Governor Ayodele Fayose for wearing military camouflage to the House of Assembly on Tuesday to present the 2017
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We’ll address delay in payment of Super Falcons – Lai Mohammed

The Federal Government on Wednesday in Abuja pledged to examine the problems delaying the payment of the allowances and bonuses of the victorious Super Falcons by the Nigerian Football Federation. The
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Another Nigerian gets Grammy nomination

The chances that the 2017 Grammy awards may produce a Nigerian winner is getting brighter with another Nigerian nomination. Faridah Seriki known by her stage name Kah-Lo, a rising international artist
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Senate orders Dalong, NFF to pay Falcons

Leke Baiyewu, Abuja The Senate on Wednesday asked for the prompt payment of Nigerian female football team, the Super Falcons, of all salaries and allowances due to them. The lawmakers lamented the tre
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DSS arraigns three for murder of NDDC employee

Chukwudi Akasike, Port Harcourt THE Department of State Service has arraigned three persons before the Magistrate Court in Port Harcourt for the killing of an employee of the Niger Delta Development C
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Thieves pose as mannequins, steal multi-million naira designer clothes

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EFCC arraigns man for allegedly duping American $.6m

Eniola Akinkuotu, Abuja The Economic and Financial Crimes Commission on Wednesday arraigned one Dr. Vincent Anyigor and his company, Vanyigor Concepts Limited, before Justice M. A. Liman of the Federa
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Resource control bill passes seconnd reading

The House of Representatives on Wednesday passed through second reading a bill to grant states in the country control over minerals resources within their domain. The bill, seeks to grant the control
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Approved! Royal Caribbean, Norwegian are going to Cuba

The Cuban government on Wednesday gave approval for Cuba trips to five lines        
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Popular Finance

NY real estate brokers sell tough security at Trump Tower as amenity

NEW YORK, Dec 7 (Reuters) - Two New York real estate brokers marketing a condominium in Trump Tower have used the heavy presence of U.S. Secret Service agents who protect President-elect Donald Trump
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U.S. bank trade group sues regulator over new credit unions rule

Dec 7 (Reuters) - The American Bankers Association said it filed a lawsuit on Wednesday against the National Credit Union Administration (NCUA), seeking to overturn a recently passed rule to ease rest
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BRIEF-One Liberty increases qtrly dividend to $0.43 per share

* Declared quarterly dividend on company's common stock of $0.43 per share, representing an increase of $0.02 per share or 4.9 pct Source text for Eikon: Further company coverage:
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BRIEF-UniCredit needs no kind of support from the state - CEO

* Asked if it was true the bank did not need any support from the state, CEO Jean-Pierre Mustier said "yes... absolutely not" Further company coverage: (Reporting by Milan newsroom)
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CFTC faces tough questions as trial of Chicago firm, founder ends

NEW YORK, Dec 7 (Reuters) - The U.S. Commodity and Exchange Commission faced tough questions from a federal judge on Wednesday over whether the agency could support its claims that a Chicago trading f
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BRIEF-Snaplogic says raised $39.4 mln in equity financing

* says it has sold $39.4 million in equity financing - sec filing
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BRIEF-Guaranty bancorp files for offering of up to 5.4 mln shares of voting common stock

* Files for offering of up to 5.4 million shares of voting common stock by the selling stockholders - sec filing
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UPDATE 2-Tata Steel sweetens offer to UK workers, moves closer to merger

* Tata Steel wants cuts to pensions in return for deal (Adds comment from Tata, pensions scheme trustees, background)
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Monte dei Paschi asks ECB to extend rescue deal deadline to Jan 20 - source

MILAN, Dec 7 (Reuters) - Banca Monte dei Paschi di Siena has asked the European Central Bank (ECB) to extend a deadline for completing its rescue plan to January 20, a source familiar with the matter
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