The LimitlessX - Get Tech Science News around the Globe

If you've never come across the words 'spread betting' in a financial sense, you would probably be forgiven for thinking that it has something to do with bookies and sporting events. So what exactly does it entail? In essence spread betting is a fairly simple concept. It merely entails placing a bet on which way you think a particular market is going to go. If you think the market is going to rise and you have bet on it going up (going long), then when it does you make a profit. If on the other hand you predict that the market is going to fall and you bet on that exact scenario (going short) and it does, then again,you make a profit. When you close your bet you can claim your profit. Let's put this into a proper scenario... Okay let's say that we bet on the NASDAQ and based on some recent news we think that it may go up, so we place a 'long' bid. If the index does exactly what we want it to do and rises, then we are in profit. How much p

Speciality Restaurants is coming out with its IPO plans to raise about Rs 171-181 crore and this issue is open for subscription from May 16 to May 18. Speciality Restaurants is the owner of restaurant brands such as Mainland China, Sigree , Machaan and Oh!Calcutta among others. The company plans to use the proceeds of IPO for developing new restaurants and partial repayment of debt. About 80 per cent of the proceeds (Rs 131 crore) would be used for the development of 45 new restaurants.   Issue Details: Issue Open: May 16, 2012 - May 18, 2012. Issue Size: 11,739,415 Equity Shares of Rs. 10. Issue Price: Rs. 146 - Rs. 155 Per Equity Share. Market Lot: 40 Shares. Listing At: BSE, NSE. Fundamentals: For the fiscal Years 2010 and 2011 the company  reported an EPS of  3.92 and 5.48 respectively .  For the full year 2012, the EPS could be around Rs.4.25 and at the upper band, the IPO is done at 36 times the 2012 earnings. The book value of the company stands at Rs.32 for the reported year 2