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Cricket - Sports

Saturday, April 30, 2016

Dunya TV

Dunya TV


Panama Leaks: PTI seek Babar Awan's services for legal battle

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ISLAMABAD (Dunya News) – Pakistan Tehreek-e-Insaf (PTI) Friday managed to seek the services of Pakistan Peoples Party (PPP) Senator Babar Awan over the Panama Leaks issue. Awan’s help was sought for the expected legal battle that will ensue.According to sources, Awan met PTI’s senior leader Jehangir Khan Tareen in Islamabad. The two leaders discussed the legal aspects of the Panama Leaks during the meeting.PTI is also mulling the submission of a petition against Prime Miniser (PM) Nawaz Sharif over the Panama Leaks issue. Awan has already met PTI chairman Imran Khan two days ago in this regard.Meanhwhile Chief Justice Anwar Zaheer Jamalis return from Turkey is being seen as crucial with significant developments in the Panama Leaks investigation commission issue are expected within 72 hours.

Imran cancels Sindh visit, Shah Mehmood to lead rally to its destination

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KARACHI (Dunya News) – Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan maybe on a path to reconciliation with Pakistan Peoples Party (PPP) in an attempt to narrow the growing schism in the Opposition parties. Khan cancelled his visit to Sindh scheduled for today (Saturday). In the absence of Khan, PTI leader Shah Mehmood Qureshi will be leading the anti-corruption rally towards its final destination.According to the details, the PTI leaders and advised their chairman to cancel his Sindh visit so that relations between PTI and PPP could be strengthened. Khan, who was supposed to join the anti-corruption rally from Sindh, has now decided against it and will be visiting Lahore instead.The PTI chairman and his party remain admanat on holding a rally at Charing Cross area of Mall road, Lahore, depsite the government not granting the official permission to do so. Tension are on the rise between the government and PTI after the government barred PTI from holding the rally.

Chief Justice Anwar Zaheer Jamali reaches country after Turkey visit

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LAHORE (Dunya News) – Chief Justice Anwar Zaheer Jamali reached back to the country late Friday night after a visit in Turkey. Jamali’s return was being anxiously looked upon as significant developments are now expected in the next 72 hours regarding the Panama Leaks’ commission fiasco.Government had earlier on April 22nd had finally written a letter to the Chief Justice, requesting him to head an investigative commission for probing into the Panama Leaks case. Prior to his departure to Turkey, Chief Justice Jamali had only given the letter a cursory read to the letter.The government had finally caved into the demands by the Opposition parties, calling for the government to writing the letter. However despite this arrangement being agreed upon, the commission formation suffered further problems as Opposition parties rejected the government’s Terms of References (TORs) that were set in regards to the investigation commission.

Administration bars PTI from holding rally at Lahore's Charing Cross

Posted:

LAHORE (Dunya News) – Conflict between the government and Pakistan Tehreek-e-Insaf (PTI) has risen after the district administration barred PTI from holding a rally at Charing Cross area of Mall road, Lahore. However, Spokesperson for the Punjab government has stated that PTI is adamant that it will hold the rally in the exact area despite permission not been given officially.Speaking in regards to the rally, the Spokesperson stated that government will fulfill its responsibility of providing security; however, maintaining peace and stability during the rally will be PTI’s responsibility.He added that PTI will be held responsible for any untoward incident during the rally.Meanwhile PTI chairman Imran Khan remains adamant and has stated that the venue for the party’s rally in Lahore, going to be organised on Sunday at the Charing Cross, will not be changed.While addressing the media prior to leaving for Islamabad from Lahore s Allama Iqbal International Airport, Khan said that he shall return to Lahore tomorrow (Saturday) and will inspect the arrangements made for the rally.Khan stated that to organise a rally is PTI’s constitutional right adding that it is the administration’s responsibility to provide security for the event.He said that the venue of the rally will not be changed as similar events have been arranged at the Charing Cross in the past therefore they cannot be held back from holding a rally at the same venue.On the other hand, PTI leader Shoaib Siddiqui reiterated the PTI chairman’s stance, saying that the party is determined and will hold a rally at Lahore’s Charing Cross at all costs.Siddiqui further stated that Lahore was on its way to ushering in a new era. He added that the party will not be afraid of cases and jails.Sidddiqui stated that the government was responsible for the provision of security to the nation.He further stated that PTI’s earlier rallies had caused no damages to the property.

Tennis: Kyrgios downs Coric, eyes second Estoril final

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ESTORIL (AFP) - In-form Australian Nick Kyrgios moved closer to a second consecutive final at the Estoril Open after dominating Borna Coric 6-4, 6-4 in the quarter-finals on Friday.World number 20 Kyrgios, a losing finalist a year ago to Richard Gasquet, will on Saturday face Spaniard Nicolas Almagro, who beat Argentine seventh seed Leonardo Mayer 6-4, 7-6 (7/5).Hes someone I watched when I was growing up, Kyrgios said of the veteran Almagro. Ive always admired how he played. Im not going to think too much about the match. I know what hes going to do and I know what I have to do to win.Kyrgios, who turned 21 this week, and 19-year-old Croatian Coric are two of the most promising stars on the ATP but had never previously played each other.The Australian broke early in both sets to establish himself and keep the momentum firmly on his side of the clay court.He sent over an ace for two match points, with both saved by Coric, before Kyrgios finished the win on his third chance in 69 minutes.Coric was stopped at the Estoril quarter-final stage for a second straight edition.Kyrgios fired 10 aces to seven for his opponent and never faced a break point.At the top of the draw, Pablo Carreno Busta prevented an all-French semi-final as he put out top seed Gilles Simon 6-3, 6-4.The upset sent eighth seed Carreno Busta into a match-up with French third seed Benoit Paire, a winner over Spains Guillermo Garcia-Lopez, 7-6 (7/2), 6-2.Carreno Busta is one victory away from a second career ATP final after losing in Sao Paulo to Pablo Cuevas in February.Simons return to the seaside venue outside of Lisbon for the first time since 2011 ended in disappointment, as the world number 18 was ambushed by his 50th-ranked opponent, managing only two aces and losing serve twice.It as the first time Ive played him and he had a really good match, Simon said. He was very consistent. The match was close but always on his side. He played the right shot at the right moment, he was the better player today.Paire, whose patchy game can come and go, found it tough to adjust to the faster conditions in the heat of the day after playing night matches previously, but was pleased to get past Garcia-Lopez without too much trouble.It was a little tough in the beginning, not great for the confidence, said Paire whose physical niggles include losing a tooth this week.But I began feeling better and better as the match went on. He was a tough opponent, Im glad I won in straight sets. When I was down I told myself just to keep going, Im happy to win today.

Tennis: Serena pulls out of Madrid Open with flu

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MADRID (AFP) - World number one Serena Williams has pulled out of the Madrid Open, which begins this weekend, with flu, organisers announced on Friday.Unfortunately, I have to withdraw from Madrid because Ive been battling the flu and Im not at 100 percent. I look forward to returning soon, said Williams in a statement released by organisers.The 21-time Grand Slam champion, 34, is a two-time winner in Madrid having triumphed in the Spanish capital in 2012 and 2013.Last year she reached the semi-finals before losing to eventual winner Petra Kvitova, of the Czech Republic.In the absence of Williams, Polands Agnieszka Radwanska, who had been seeded two, will become the top seed.Williams, who is the defending French Open champion, is now scheduled to open her clay-court season at the Italian Open in May.

Football: PSG rout Rennes to equal points record

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PARIS (AFP) - Paris Saint-Germain matched their Ligue 1 points record from the 2013-14 season with Fridays 4-0 rout of Rennes moving them onto 89 points with three games still to play.Maxwell struck the opening goal five minutes after half-time on a soggy evening at the Parc des Princes before Zlatan Ibrahimovic scored twice to increase the Swedes goal haul to 34 for the campaign.Edinson Cavani added a fourth in stoppage time as PSG earned their 28th win of the season to surpass the previous mark also set two years ago.With games to come against Gazelec Ajaccio, Bordeaux and Nantes, Laurent Blancs side have every chance of breaking another record in a domestic season that has been completely dominated by Paris.Rennes are now without a win in four games as their European hopes continue to fade, with the defeat leaving the Brittany club a point behind Lille, who visit Lorient on Saturday, in the race for sixth place which would warrant a Europa League spot should PSG beat Marseille in next months French Cup final.A sparse crowd in the capital witnessed little of interest in the opening 45 minutes, Ibrahimovic and Angel Di Maria -- both named on the four-man shortlist for Ligue 1 Player of the Year -- going close with the Argentine also denied by Benoit Costil.But PSG burst into life after half-time as Maxwell rolled the ball through the legs of Rennes defender Joris Gnagnon as he strolled into the area before drilling a right-foot shot past Costil via the underside of the crossbar.Ibrahimovic combined with Di Maria to double the home sides lead just four minutes later, the Swede stretching to reach the Argentines cross and flicking the ball home.Cavani hit the bar shortly after as PSG flexed their muscles, Costil making a string of fine saves to keep out Ibrahimovic, Javier Pastore and Lucas and temporarily limit the damage for Rolland Courbis side.However, there was nothing the Rennes keeper could do as Ibrahimovic shrugged off Ludovic Baal after being played in by Pastore to blast in his second goal of the game 12 minutes from time.Marco Verratti, who replaced Benjamin Stambouli for the final half-hour, released Cavani in stoppage time with the Uruguayan putting a series of earlier misses behind him by picking out the far corner for his 16th goal of the season.Lyon host Gazelec Ajaccio on Saturday as they bid to keep hold onto second place and an automatic Champions League qualifying spot, while third-place Monaco host Guingamp and fourth-place Nice visit Nantes.Saint-Etienne, who like Nice are just two points behind Lyon and Monaco, will aim for a sixth straight win at home to Toulouse.Marseille travel to Angers on Sunday looking to snap an 11-game winless run in the league which has left the struggling French giants just five points above the relegation zone.

Football: Barca await Real, Atletico Champions League hangover

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MADRID (AFP) - Barcelona hold the slightest of advantages in a thrilling three-way La Liga title race with just three games remaining ahead of their trip to Real Betis on Saturday.The Catalans lead Atletico Madrid solely thanks to their better head-to-head record with Real Madrid just a point behind the leaders in third.However, Barcas chances of retaining their title could be boosted by Atletico and Reals European commitments as their respective clashes with Rayo Vallecano and Real Sociedad are sandwiched between the two legs of their Champions League semi-finals.Atletico and Real remained on course for a second Madrid derby final in three years in midweek as Atletico will travel to Germany with a 1-0 lead over Bayern Munich, while Real host Manchester City at the Santiago Bernabeu with the scores level at 0-0.By contrast, Barca have enjoyed just their second free midweek of 2016 and appear to have turned the corner with 14 goals without reply against Deportivo la Coruna and Sporting Gijon in their last two outings after a run of three straight league defeats.There are people who say it is better to play every three days to not lose the rhythm of competition, others say it is better to rest, but the most important thing is winning, Barca defender Gerard Pique said on Thursday.We need to win the three games that are left to win La Liga and then the Cup final.It is in our hands which is the most important thing. If we win the three games we will be champions.Luis Suarez scored four times in each of Barcas last two games to streak three ahead of Cristiano Ronaldo in the race to be the leagues top scorer.The Uruguayan is well set to win at least that personal duel as Ronaldo is expected to miss a third straight game with a thigh injury as Real travel to San Sebastian.Karim Benzema will join the three-time World Player of the Year on the sidelines after he picked up a hamstring injury in the first leg at City.In their absence Gareth Bale will be charged with leading the Madrid attack as he did with a double when they came from 2-0 down to register a ninth straight La Liga win at Rayo Vallecano last weekend.And Real coach Zinedine Zidane refused to accept he will prioritise the upcoming second leg with City ahead of their trip to Anoeta.It is another final. From here until the end of the season we only have finals remaining, he told Madrids website.We have not had much time to prepare, but we know that. We have to play every three days and it is both a difficult stadium and a difficult team to play against.Atletico look to have the easiest task of the three title contenders on Saturday when they welcome struggling Rayo to the Vicente Calderon in a Madrid derby.Coach Diego Simeone has resisted the temptation to rotate his squad in recent weeks, but may have one eye on the return in Munich on Tuesday with only six days separating the two legs.Defender Diego Godin and winger Yannick Carrasco are both expected to miss out through injury with Atletico hopeful both will be fit in time to face Bayern.

Football: Platini wages last fight against ban, verdict by May 9

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LAUSANNE (Agencies) - UEFAs fallen president Michel Platini mounted a final challenge against his six-year ban from football on Friday in an appeal at the Court of Arbitration for Sport (CAS), with a verdict due by May 9.The stakes could not be higher for the 60-year-old former French international, who led Europes powerful football confederation and was favoured to take charge of world governing body FIFA before his dramatic downfall last year.Among the witnesses at the day-long hearing was Platinis former ally-turned-foe, FIFAs disgraced ex-president Sepp Blatter.If CAS overturns the ethics violation verdict imposed by FIFA judges, then Platini could be at the Stade de France for the Euro 2016 opener between hosts France and Romania on Jun 10. A negative verdict will see his glittering career in the sport brought to an ignominious halt.Today the match begins, a new match, the final ... Im optimistic, were going to win, Platini told reporters before entering the court in the Swiss city of Lausanne.Exiting the court after the hearing, Platini said his confidence had grown and restated his claim that the verdict from FIFA judges was unjust.The Frenchman has been sanctioned over an infamous two million Swiss franc (US$2 million, €1.8 million) payment he received in 2011 from then-FIFA president Blatter.FIFAs ethics committee in December banned both men from all football activities for eight years. The suspensions were cut to six years in February.Both men insist they did nothing wrong and that the payment was part of a legitimate oral contract tied to consulting work that Platini did for FIFA between 1999 and 2002.CAS secretary general Matthieu Reeb said that May 9 verdict would include simply a decision and the reasoning will come a little later.Before entering the court, Blatter told reporters he was happy to honour a request from FIFA that he testify and that he was looking forward to greeting Platini again.It has been a while since Ive seen him, the 80-year-old Blatter said. He later described the process as fair (and) very proper. I hope that my participation has helped to find a solution to this problem, Blatter said, declining to discuss specifics of his testimony.Blatter has also appealed to CAS and is awaiting a date for his hearing.In a further twist, Blatter remains the target of a Swiss criminal investigation partly focused on the dubious transaction.Blatter and Platini were the hightest profile casualties in the massive scandal that has engulfed FIFA over the last 11 months.Previously the most powerful figures in world football, the pair were once considered strong allies but their relationship publicly frayed as Blatter repeatedly refused to cede the FIFA presidency and graft allegations widened.The murky two million Swiss franc payment ultimately destroyed Platinis chances of replacing Blatter as the Frenchman was forced to pull out of the race to become FIFA president in an election won by his number two at UEFA, Gianni Infantino.UEFA has said it will not replace Platini until all his appeals are exhausted, so if the former French star is successful at CAS he could reclaim his job in time to preside over Euro 2016.The May 9 verdict date means UEFA will almost certainly not elect his replacement at the bodys congress in Budapest next week, as it would have done if CAS had ruled against the Frenchman.Platinis lawyer Thibaud DAles conceded to AFP that the sport tribunal was his clients last avenue of appeal.The CAS hearing included three legal experts, one each representing Platini and FIFA and a president. Platini chose Yale and Harvard educated Swedish lawyer Jan Paulsson, with world footballs ruling body selecting Bernard Hanotiau of Switzerland.The hearing was chaired by Luigi Fumagalli, a University of Milan-educated Italian international law expert.The hearing was closed to the public, but Platinis legal team was expected to have produced an invoice for the suspect payment in an attempt to prove there was nothing untoward about the transaction.Five people from the offices of FIFA were involved in this payment, which was processed by the Finance Committee and reported to the Executive Committee. It is far from a hidden payment, said DAles.

Formula One: Hamilton fastest in Russia, Vettel stops

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SOCHI (Agencies) - Formula One world champion Lewis Hamilton boosted his morale with the fastest lap in Russian Grand Prix practice on Friday after Mercedes team mate Nico Rosberg set the early pace and Ferrari suffered reliability problems.Rosberg, chasing his seventh win in a row and fourth of the season, was quickest in the morning around the Olympic Park used for the 2014 Winter Games in the Black Sea resort.The championship leader dropped to third in the afternoon, however, with Hamilton setting a best time of one minute 37.583 seconds on supersoft tyres compared to Rosbergs 1:38.450.Ferraris Sebastian Vettel stopped on track during the second session.Hamilton is the only driver to have won in Russia since the races debut in 2014 and he needs to complete the hat-trick on Sunday to eat into his team mates hefty 36 point lead after just three of the 21 races.The Mercedes pair, who have won 35 of the last 41 races between them, were comfortably ahead of the rest in the morning but Vettel was second fastest for Ferrari after lunch.The four-times world champion, whose team have suffered power unit problems in two races this season, was halted by an electrical failure with an hour to go.Ferraris Kimi Raikkonen was fourth in both practices.Australian Daniel Ricciardo, who tested a new head protection device at the start of the session and has finished fourth in all three races, was sixth and fifth for Red Bull in the two sessions.Russian team mate Daniil Kvyat was seventh, with McLarens Jenson Button eighth and Fernando Alonso 10th in a boost for Honda-powered McLaren as they fight their way back up the pecking order after a nightmare 2015 season.Renaults Russian test driver Sergey Sirotkin, who will be competing in the GP2 support series this season, replaced Denmarks Kevin Magnussen for the first session.He ended up 13th fastest with regular race driver Jolyon Palmer 18th.

'Not even close to retiring' says dethroned David

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KUALA LUMPUR (AFP) - Squash legend Nicol David has quickly banished any suggestions of retirement after she was dethroned as world champion in a further sign that her unparalleled dominance of the sport has ended.The second-seeded Malaysian, vying for a ninth world title, was defeated Thursday in the quarter-finals of the PSA World Championships in Kuala Lumpur by fifth-seeded Nour El Sherbini of Egypt.The 32-year-old Davids championship defence on home soil had been closely scrutinised following a dip in form that saw her phenomenal nine-year reign as world number one broken last September.Disappointed - but not even close to retirement, David tweeted late Thursday after her loss.David has firmly secured her place in squash history as one of the sports giants, using her lightning quickness and unrivalled court sense to win just about everything worth winning, including a record eight world championships.But she hinted this week that her era of dominance was ending, admitting she was now focused more on tightening up her game than recapturing the top rank.I am definitely going to be fighting for the next one (world championship), for sure, said David, who has slipped to world number five.My body is good, Im feeling really strong and its now really fine-tuning a few things, adjusting and adding to my game.David is Malaysias most accomplished sports star and faced sky-high expectations from an adoring hometown crowd.In a mark of her stature in Malaysia, her matches this week were played in an arena bearing her name. She had looked solid in the tournament before losing decisively to El Sherbini 14-12, 4-11, 11-3, 11-7.Egged on by the crowd, she later said she pushed too hard, too early and dropped the first game, sealing her fate. David had been seeking her first world championship on home soil after falling short in Malaysia on two previous attempts.World number one Laura Massaro from England will meet third-seeded Egyptian Raneem El Welily, while El Sherbini will battle compatriot Nouran Gohar in the semi-finals on Friday.

Administration bars PTI from holding rally at Lahore's Charing Cross

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LAHORE (Dunya News) – Conflict between the government and Pakistan Tehreek-e-Insaf (PTI) has risen after the district administration barred PTI from holding a rally at Charing Cross area of Mall road, Lahore. However, Spokesperson for the Punjab government has stated that PTI is adamant that it will hold the rally in the exact area despite permission not been given officially.Speaking in regards to the rally, the Spokesperson stated that government will fulfill its responsibility of providing security; however, maintaining peace and stability during the rally will be PTI’s responsibility.He added that PTI will be held responsible for any untoward incident during the rally.Meanwhile PTI chairman Imran Khan remains adamant and has stated that the venue for the party’s rally in Lahore, going to be organised on Sunday at the Charing Cross, will not be changed.While addressing the media prior to leaving for Islamabad from Lahore s Allama Iqbal International Airport, Khan said that he shall return to Lahore tomorrow (Saturday) and will inspect the arrangements made for the rally.Khan stated that to organise a rally is PTI’s constitutional right adding that it is the administration’s responsibility to provide security for the event.He said that the venue of the rally will not be changed as similar events have been arranged at the Charing Cross in the past therefore they cannot be held back from holding a rally at the same venue.On the other hand, PTI leader Shoaib Siddiqui reiterated the PTI chairman’s stance, saying that the party is determined and will hold a rally at Lahore’s Charing Cross at all costs.Siddiqui further stated that Lahore was on its way to ushering in a new era. He added that the party will not be afraid of cases and jails.Sidddiqui stated that the government was responsible for the provision of security to the nation.He further stated that PTI’s earlier rallies had caused no damages to the property.

Yen hits 18-month high vs dollar

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NEW YORK (AFP) - The yen surged to an 18-month high against the dollar on Friday (Apr 29), extending the prior days rally after the Bank Japan shocked markets by failing to provide more stimulus.The Japanese unit surged on Thursday after the BoJ stood pat on monetary policy, confounding expectations it would act after a double earthquake and a string of weak readings on the worlds number three economy.The dollar tumbled to ¥106.31, its lowest level since October 2014, from ¥108.11. The euro dropped to ¥121.75 from ¥122.76.Analysts said the central bank would likely try to talk the yen down following the units ascent, as it did earlier this month.The dollar, meanwhile, continued to weaken under pressured by the Federal Reserves go-slow signal on interest rate hikes earlier this week.Surprisingly weak US consumer data on Friday showed Americans spent only 0.1 per cent more in March than they had in February, despite rising incomes.The downbeat consumer report added to concerns about the strength of the US economy, after Thursdays report showing it grew at only a 0.5 per cent annual rate in the first quarter.The euro continued its climb against the dollar, at one point hitting US$1.1459, its highest level in more than two weeks. Around 2100 GMT, the euro traded at US$1.1452, up a solid 0.9 per cent from the same time on Thursday.Eurostat, the official statistics office, said the 19-nation eurozone economy grew 0.6 per cent quarter-over-quarter in the first three months of the year, double the rate of the two previous quarters and 1.6 per cent higher than a year ago.Not only is the US data not very good, but data elsewhere is pretty good: The eurozone GDP is growing faster than the US at this point, said Greg Anderson, global head of forex strategy at BMO Capital Markets.

Nepali girls 'marry' Hindu god to protect from widowhood

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KATHMANDU (AFP) - Its a big day for nine-year-old Nepali schoolgirl Riddhima Shrestha and her three-year-old sister, Ishita, as they dress up in silk brocade and gold jewellery, preparing to wed a Hindu god.The two sisters are among dozens of girls taking part in the ihi or bel bibaha ceremony -- a coming-of-age ritual practised by Kathmandus indigenous Newar community, whose customs combine elements of Hinduism and Buddhism.The two-day ceremony, usually held several times a year in the capitals historic durbar (royal) square, sees pre-pubescent girls marry the Hindu deity, Vishnu, symbolised by the local bel fruit.The centuries-old custom is believed to protect girls from the stigma of widowhood by ensuring that a Newari womans first husband -- the god -- will inevitably outlive her mortal spouse.During the ceremony, girls hold the bel fruit, also known as a wood apple, in one palm and touch a statue of the god with the other, symbolically giving Vishnu their hand in marriage. The girls parents also secure their place in heaven by performing kanyadaan -- the practice of giving away ones daughter in marriage -- according to the priests who conduct the ceremony.These are traditions handed down by our ancestors, we have to follow them and keep them alive. It is our culture, said Dipendra Shrestha, father of the two girls.After the rituals end, with gifts for the bride followed by a feast for family and friends, its back to school for third-grader Riddhima, who is the first of her classmates to go through the ceremony.My friends were curious about it, it was fun to tell them about it, Riddhima told AFP.I really enjoyed myself, I felt like a grown-up, like a bride.

Oil prices edge back from 2016 highs

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NEW YORK (AFP) - Oil prices pulled back a tick on Friday (Apr 29) from 2016 peaks, capping a fourth straight week of gains as the market pushed higher supported in part by a weaker dollar.Traders seemed bent on looking past the global supply glut and media reports of higher OPEC production in favor of optimism that eventually the market will find a balance that would stabilize prices, which have slid from mid-2014 peaks above US$100 a barrel.US benchmark West Texas Intermediate (WTI) slipped 11 cents to US$45.92 a barrel on the New York Mercantile Exchange.In London, Brent North Sea crude for delivery in June, the European benchmark, lost only one cent at US$48.13 a barrel.Over the course of the week, WTI rose 5.0 per cent and Brent 6.7 per cent, pushing the months gains to around 20 per cent for both.The supply situation is still a factor in terms of oversupply and I think we rallied as much as we can on the hopes of a rebalancing coming at the end of the year, said John Kilduff of Again Capital.Also underpinning the market was the dollars weakness after the Federal Reserve indicated Wednesday it was in no hurry to raise interest rates and the Bank of Japans rejection of more stimulus the next day, which sent the yen soaring, analysts said.A weak dollar makes oil, priced in the US currency, more affordable for buyers.The declining US oil production and a weaker US dollar are giving tailwind to prices, whereas the ongoing oversupply and record-high US crude oil stocks are being ignored, said Commerzbank analysts in a client note Friday.

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Friday, April 29, 2016

Look what D-Street money managers are betting on for big summer bonanza

THE ECONOMIC TIMES
Fri, Apr 29, 2016 | 08:02 AM IST

ET Investment Opportunities

Look what D-Street money managers are betting on for big summer bonanza

The consolidation in the equity market after the strong rally seen last month, gives investors an opportunity to look for the real men among the boys.

Five investment themes that can expand trading horizon, deliver handsome gains

3 basic rules for picking stocks are quality, growth and longevity at a reasonable price. Making money on D-St is easy if investors stay with quality names.

Healing of NPA wounds, revival signs in the economy to help banks bounce back

Asset quality review that had plunged the whole sector to the depths of despair at the end of Q3 is easing quite a bit. Banks are back on investor radar.

Ujjivan Financial Services IPO subscribed 21% on Day 1

According to data available with NSE, the issue has received cumulative bids for 62.49 lakh shares against the total issue size of 2.96 crore shares.

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Retirometer
A survey revealed only 27% of people in India say that they are very prepared and already saving enough for their retirement. In fact, 17% don't have a retirement plan at all. Take this test and find out where you fit in.

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Mistakes that consumers often make: KS Gopalakrishnan, MD & CEO, Aegon Life Insurance
KS Gopalakrishnan,MD&CEO, Aegon Life Insurance talks on 'What mistakes do consumers commonly make when purchasing Insurance plans'.

Five stocks which have faced re-rating by global brokerages after Q4 results

On an aggregative basis, net profit reported by 109 companies has plunged 16.37% on a year-on-year basis to Rs 23,796 crore and 26.77% sequentially.

Auto sector best placed to gain from the tailwinds of revival: Arun Gopalan

It would take two to three quarters for India Inc's earnings growth to reach the mArun Gopalanic double-digit threshold, says Arun Gopalan in an interview.

Opec bid to throw US out of oil market seems to have backfired

Crude oil prices continued to trend higher for the second consecutive fortnight in a row. In the same period Brent rose more than 7.5%while WTI gained 10.10% .

ET in the Classroom: Can 8% govt bond be a safe and sure bet?

After the cut in small savings rates of post offices and bank deposit rates, investors are on the lookout for alternative products which offer them safety and slightly higher returns.

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Why you need to supplement 'indemnity' health covers with 'defined-benefit' health insurance plans
For complete protection from rising medical costs, one needs both indemnity as well as defined-benefit type of health plans.

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5 lesser known facts about tax benefits of health insurance
Most financial planners suggest that the first step in any financial plan should be to ensure that one has adequate health insurance.

Credit funds can help generate higher returns

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Why investing is not only about equity

Why should everyone invest in equity? It would be a good idea for all of us to participate in the India story, but it is a personal choice.

Initial Public Offer (IPOs)
IPO Name Offer Price Band Open Date Close Date
 
Ujjivan Financial Services Ltd. 207.00 - 210.00 28-04-2016 02-05-2016
Bajaj Healthcare Ltd. 170.00 27-04-2016 02-05-2016
Thyrocare Technologies Ltd. 420.00 - 446.00 27-04-2016 29-04-2016
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NFO (FMPs)
Fund Name Category Type Open Close Min Inv
 
UTI Fixed Term Income Sr XXIV-XII (1099D) Reg-D Debt: FMP Closed-end 25 Apr 2016 09 May 2016 5,000
UTI Fixed Term Income Sr XXIV-XII (1099D) Reg-DQ Debt: FMP Closed-end 25 Apr 2016 09 May 2016 5,000
UTI Fixed Term Income Sr XXIV-XII (1099D) Reg-G Debt: FMP Closed-end 25 Apr 2016 09 May 2016 5,000
UTI Fixed Term Income Sr XXIV-XII (1099D) Direct-G Debt: FMP Closed-end 25 Apr 2016 09 May 2016 5,000
UTI Fixed Term Income Sr XXIV-XII (1099D) Reg-DY Debt: FMP Closed-end 25 Apr 2016 09 May 2016 5,000
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Real Estate News
Realtors say no room for further price cuts
Responding to RBI Governor's call to builders, real estate developers and industry experts said there is very little wriggle room for any further price cut.
Housing prices down 1% during March quarter in Delhi-NCR: 99acres
The report captures capital and rental price trends of the residential realty market on quarterly basis across seven major cities of India.
JLL sells properties worth Rs 30 crore during online home fest
The company has now extended the online sale till April 30. JLL has partnered Indiabulls to offer exclusive home loans starting 9.5% interest with zero processing fees.
Local authorities in Gurgaon and Noida lend an ear to home buyers, crack down on errant builders
The Greater Noida authority recently sent a notice to Noida-based builder Supertech for violation of sanction plans in a housing project in Greater Noida.
NFO - Non FMPs
Fund Name Category Type Open Close Min Inv
 
Reliance Dual Advantage FTF IX Plan C Reg-G Hybrid: Debt-oriented Conservative Closed-end 20 Apr 2016 02 May 2016 5,000
Reliance Dual Advantage FTF IX Plan C Reg-D Hybrid: Debt-oriented Conservative Closed-end 20 Apr 2016 02 May 2016 5,000
Reliance Dual Advantage FTF IX Plan C Direct-G Hybrid: Debt-oriented Conservative Closed-end 20 Apr 2016 02 May 2016 5,000
Reliance Dual Advantage FTF IX Plan C Direct-D Hybrid: Debt-oriented Conservative Closed-end 20 Apr 2016 02 May 2016 5,000
UTI Capital Protection Oriented Scheme Sr VII-IV (1278 D) Direct-D Hybrid: Debt-oriented Conservative Closed-end 20 Apr 2016 04 May 2016 5,000
More >>
Views and Recommendations
Hold Exide Industries with a target price at Rs 140: Deutsche Bank
28 April, 2016, 12:51 PM IST
Deutsche Bank maintains hold rating on Exide Industries post March quarter results but raised its target price to Rs 145 from Rs 140 earlier.
hold
Outperform JSW Energy with a target at Rs 81: CLSA
28 April, 2016, 12:51 PM IST
CLSA maintains outperform rating on JSW Energy post march quarter results with a 12-month target price of Rs 81. The March quarter net profit dipped six per cent to Rs 305 crore against Rs 325 crore during the corresponding quarter of the previous year.
Sell Biocon with a target at Rs 440: CLSA
28 April, 2016, 12:50 PM IST
CLSA maintains sell rating on Biocon post March quarter results but raised its 12-month target price to Rs 440 from Rs 400 earlier. Biocon saw a weak profit growth trend since 1QFY14 which may last another year.
sell
Buy Yes Bank with a target at Rs 1100: CLSA
28 April, 2016, 12:49 PM IST
CLSA maintains buy rating on Yes Bank post March quarter results and has also raised its 12-month target price to Rs 1100 from Rs 910 earlier. The asset-quality pressures were higher, but the stress loan ratio remains low, said the CLSA note
buy
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