News

KKR to buy WebMD in $2.8 billion deal

Private equity firm KKR & Co has agreed to buy WebMD Health Corp in a deal valued at about $2.8 billion, bringing a slew of popular online health information websites under one umbrella.

China hints at Doval-Yang bilateral at BRICS NSAs meet

Amid the Sikkim standoff, China today hinted that a bilateral meeting between State Councillor Yang Jiechi and National Security Adviser Ajit Doval could take place on the sidelines of a BRICS NSAs' meet here this week.

Stay bullish with Stop loss

Though the Nifty corrected for two days last week, traders were little bothered about the index’s slide. For two reasons: first, the correction was caused by a large cap stock with high index weight, ITC.

When volatility comes

It could come as a surprise to many that the Nifty has not seen a three-digit correction in the last seven months. The index’s worst fall came in mid-May, when it almost touched three digits, shedding 96 points.

Perking up

The massive rally that drove the Indian market to record highs, has had a positive rub off on the beaten down real estate stocks. Most realty stocks have made sharp gains during the year, as the sentiments seemed to have improved for the sector.

No Winners in the Gulf Feud as Saudi, Qatari Assets Converge on Oil

Investors aren’t taking sides in the biggest political crisis in the Gulf in decades because their focus has already returned to oil.

Seven weeks after Saudi Arabia led a coalition of Arab states in cutting ties with Qatar over allegations that it supports terrorism, holders of both countries’ stocks and bonds are paying almost identical risk premiums. Their five-year credit default swaps converged for the first time in two years, stocks are valued at an average 13.8 times’ projected earnings over the next 12 months, and their international bonds traded level at 3.39 percent.

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