Staples, Inc. (NASDAQ: SPLS) faced the market’s wrath as its merger with Office Depot, Inc. (NASDAQ: ODP) was blocked by the U.S. District Court for the District of Columbia. As per the terms of the merger agreement, Staples is now obliged to pay Office Depot a $250 million break-up fee. Ron Sargent, CEO and Chairman […]
S&P 500 index will likely see a rip-your-face-off move this year. This is what the index’ weekly price chart is saying. As can be seen from the chart below, S&P 500 has been trading in a very broad range of 330 points, and is currently at the higher end. Even though the expectations from quarterly […]
Indian stocks ended this week on a strong note, posting 3.9% in gains. The benchmark Nifty 50 closed above 7850, helped by a strong global rally and some support lent by positive IIP data. Banks and Auto were the major gains, along with Metals. India’s fundamental situation has also been improving with the sustenance of […]
India could be replacing China as the main engine of global oil demand growth, says the recently released Oil Market Report for the month of April. Yesterday, the IMF had said that India will clock 7.5 percent growth in 2016-2017. In the report, IEA says that India will see the strongest ever demand volume increase […]
Bitcoin, now trading at $434.67, has successfully breached the first resistance of $416, discussed earlier in Bitcoin Could Be Preparing For A Mega-Bull Rally. At the current level, Bitcoin is repeatedly testing the next overhead resistance beyond which lies a huge upside. The technical indicators are also becoming conducive for a bullish breakout. In this […]
Elon Musk-led Tesla Motors, Inc. (NASDAQ: TSLA) is due to release its quarterly numbers of Feb 10, 2016. However, the stock has been trading with a bearish bias ever since the start of this year, losing 33% YTD. The stock currently trades at $162.60 but a technical evaluation of the price chart suggests that there […]
London, February 2, 2016: John Giusti, Chief Regulatory Officer, GSMA commented on the Telecom Regulatory Authority of India’s (TRAI) recommendations for spectrum pricing in the forthcoming auction of the 700MHz band and said that: “The GSMA is very concerned by TRAI’s recommendation to set a starting price of US$1.7 billion per MHz for pan-Indian 700MHz spectrum. India […]
Ipca Laboratories (NSE: IPCALAB) has shrugged off the US FDA warning issued for three of its manufacturing units. The stock opened higher at Rs 679 but as the warning letter became public knowledge, the stock began a seemingly unending decline before opportunistic buyers stepped in and pared the losses. In a large swing day, the […]
On June 5, 2013, Just Dial (NSE: JUSTDIAL) made its debut on the Indian stock exchanges, surging 19% intraday. The stock listed on the exchange at Rs 590, and went on to hit a high of Rs 1779 in January the following year. Investors rushed to pour money into the then-unstoppable stock which had leading […]
