WASHINGTON (AP) — When certain associates and acquaintances of President Donald Trump get into hot water, he forgets he ever knew them. Various figures from the Russia investigation and the Ukraine matter as well as a British prince have fallen out of familiarity with the president in this way. For a few days, the stock market suffered a similar fate when it dipped too low for Trump to boast about it. Buthe rediscovered the market by the end of the week when it rose back up. A look at some remarks by Trump from the NATO summit in London and from back home as the Democratic effort to impeach him moves ahead: PRINCE ANDREW TRUMP: “I don’t know Prince Andrew. ... I don’t know him.” — remarks Tuesday with NATO Secretary-General Jens Stoltenberg. THE FACTS: Trump knows the British prince. Andrew hosted a breakfast for him in June, they toured Westminster Abbey together and photos spread over two decades capture some occasions when they’ve met. … [Read more...] about AP FACT CHECK: Trump and the people he forgets he knew
Overweight rating on the stock
The domestic equity market was volatile last week as it saw numerous events from auto sales numbers to RBI policy decision, and OPEC meet unfold. At the same time, a lack of clarity on the trade front was another major reason behind the to-and-fro market movement. Auto sales numbers were disappointing for another month as demand was subdued. On the other hand, market participants turned cautious after the Reserve Bank of India (RBI) slashed the GDP forecast for FY20 and kept the interest rates constant. Meanwhile, oil producing countries resolved to cut production to support crude oil prices. BSE barometer Sensex lost 348.66 points or 0.85 per cent to 40,445 for the week ended December 6. Banking stocks in the index saw some of the biggest movement the week, as RBI decided to keep its policy rates unchanged. The biggest losers in the 30-share pack were YES Bank (down 18 per cent), SBI (6.96 per cent) and IndusInd Bank (6.72 per cent). Meanwhile, Kotak Mahindra Bank gained 3.75 per … [Read more...] about Dalal Street this week in 6 charts
Citi has maintained sell rating on GlaxoSmithKline Pharmaceuticals in the long term and revised target price to Rs 1330 from Rs 1240. Shares of GlaxoSmithKline Pharmaceuticals ended up 0.5% at Rs 1490.60 on Wednesday while the BSE Sensex closed 164.18 points up at 39,223.01. Company Financials For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 882.02 crore, up 11.94% from last quarter sales of Rs 787.97 crore. The company has reported net profit after tax of Rs 502.75 crore in the latest quarter. Investment Rationale GSK’s efforts to rationalise its portfolio by divesting multiple, tail-end brands and focusing on its priority brands portfolio have begun paying off – as reflected in low double digit topline growth and 20% plus EBITDA margin, said Citi. The brokerage expects this trend to continue going forward but does not see a return to historical 30% plus margin levels. … [Read more...] about Citi maintains sell on GlaxoSmithKline Pharma, revises target price to Rs 1,330
Fitbit stock soared after Google announced it is buying the wearable device maker for $2.1 billion in a bid to rival Apple in the fast-growing smart watch market. On Friday, Fitbit announced it had been offered $7.35 per share in cash, which equates to a premium of about 19 percent on the stock's closing price on Thursday. Following the sale, Fitbit's stock soared 17 percent after already gaining more than 40 percent since Reuters reported that Google had made an offer to the company on Monday. Fitbit has made a name developing wearable smart watches used to track a wearer's biometrics such as heart-rate and sleep quality and comes with tools including a clock and calendar. The device can also pair with one's phone to take messages. Fitbit was among the first companies to break through to consumers in the wearable market and will now cede its foothold to Google in a deal worth $2.1 billion Google entered into a deal to acquire the wearable company Fitbit on Friday for $2.1 … [Read more...] about Google buys Fitbit for $2.1BILLION in a bid to rival Apple on wearables – as tech company’s shares surge 17%
When you think about the features of your life that make you happy, you’re probably likely to count off such factors as how well your relationships are going, whether you have enough money to pay your bills, how you feel about your work, and whether you’re having a good day so far. How often, in this listing of contributors to your happiness, do you include how healthy you’re feeling? From the opposite perspective, if you’ve got a headache, a cold, or a sore toe, you’re probably not feeling all that happy. However, as soon as you’re better, you forget how much your body’s status affected that of your mind’s. What if, however, your happiness was affected more by your overall health than you realize? According to Southern Methodist University psychologist Nathan Hudson and colleagues (2019), there is plenty of evidence to suggest that people’s overall sense of life satisfaction and typical levels of happiness are linked to physical … [Read more...] about Can Being Happy Really be a Matter of Being Healthy?
The government has finally done what the market feared. Long-term capital gains (LTCG) has been imposed on equity markets. The logic behind doing this was a large portion of the investment in the market was done by corporates and LLP entities. In the Budget speech, finance minister Arun Jaitley said that the total amount of exempted capital gains from listed shares and units is around Rs 3,67,000 crore for the assessment year 2017-18.For an investor, the LTCG would mean that any investment sold after holding it for more than one year will now be taxed at a rate of 10 percent without giving any indexation benefits.This means that the profit generated by purchasing any stock held for more than a year will be taxed at 10 percent, provided the profit is more than Rs 1 lakh.Close Say for example an investment made on February 1 2018 for say Rs 500 and sold on or after February 1 2018 at a price higher than Rs 500 will be taxed. If the investment is sold at Rs 600, the profit generated is Rs … [Read more...] about LTCG on equities explained: How the 10% tax will impact your portfolio