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Indian Stock Market News and Views

Future Lifestyle hives off Lee Cooper as subsidiary
The company in a BSE filing said its another whollyowned subsidiary, Future Trendz, will carry on fashion retail business and related activities.

New accounting norms change net worth of BSE 100 firms
The research pointed out that 20% of the companies saw a 20% to 100% change in their net profit, while 72% of the companies witnessed less than 10% change in their net profit.

Kotak Private Equity may exit Rubicon with 3x returns
Rubicon Research will also raise primary capital by selling another 20-25% through this round of fundraising that values the company at $200-250 million.

Wall Street rises on bounce in Deutsche Bank's shares
The S&P 500 financial index rose 1.21 per cent, outpacing gains in other major sectors. The index had lost nearly 1.5 per cent on Thursday.

NSEL PMLA case: ED attaches Rs 1,170 crore assets of FTIL
The ED, along with the Economic Offences Wing (EOW) of Mumbai Police, had registered a criminal case under the PMLA in 2013 to probe the case.

Rupee bounces back after brief swoons, up 24 paise at 66.61
Forex dealers said apart from American currency by exporters and banks, expectations are of strong capital inflows coming into the country in the long-run.



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