Aberdeen reports record first half profit

Aberdeen reports record first half profitAberdeen Asset Management, the largest listed money manager in UK, registered excellent profit in the first half of the fiscal. The profit in the first six months of the fiscal was reported up by more than 200% compared to the same period last year. Aberdeen said that the excellent result in the first half was mainly attributable to the increased fee income in the period.

Commodity Outlook for Mentha Oil by KediaCommodity

Mentha OilMay contract dropped Rs 5.8 and settled at Rs 705.5 a kg. The contract made intraday low of Rs 701.1 a kg and high of Rs 731.7 a kg with the volume of 5585 and total open interest for the same contact was at 3842.Now support for the menthol is seen at 693.8 and below could see a test of 682.2. Resistance is now likely to be seen at 724.4, a move above could see prices testing 743.4.

Trading Ideas:

Menthol Oil trading range is 682.2-743.

Mentha oil spot is at 785/-. Spot is down by Rs. 15/-.

Resistance for the mentha oil is at 710.40

Support for mentha oil is at 700.80.

Yogi claims he lived without water and food for 65 years

Prahlad JaniAn 82-year-old yogi named, Prahlad Jani has lived for 65 years with out drinking water and eating any food. The man has undergone medical examination carried out by the experts.

Prahlad Jani claims that he was blessed by a Goddess and he has been living the life of a monk since he was 7 years old.

Somdev climbs up 2 spots in ATP rankings

Somdev DevvarmanIndia's Somdev Devvarman has moved up to his best ever ATP rank in his career. The popular Indian player has improved his world ranking by 2 spots and has reached to 109th position. As per the latest Association of Tennis Professionals (ATP) ranking chart he has managed to find a place in the list. He is having 475 ranking points currently.

Max New Life eyes 20% growth in business

Max New York LifeThe major insurance provider of the country, Max New York Life expects to have a 15-20% increase in premium collection in the fiscal year 2010-11. Last year's sale report has been very disappointing for the firm.

The business from the premium income was also not up to the mark. However the company is anticipating having a proper 2010-11 so far as premium income is concerned. It has entered to a strategic tie up with Axis Bank. This tie up is expected to enhance sales for Max New Life. Max India is having 74% stake in the insurance company Max New Life.

Commodity Outlook for Pepper by KediaCommodity

PepperPepper ended weak as traders choose to book profits after prices rose nearly 10 percent in the last 9 sessions. Prices may get support only if export demand picks up. Export demand is the major trigger in pepper market. Spot pepper edged up 11.5 rupees to end at 16,512.50 rupees per 100 kg in Kochi. June delivery dropped Rs 155 and settled at Rs 17116/quintal. The contract touched the intraday high of Rs 17479/quintal while low of Rs 16986/quintal. Now support for the pepper is seen at 16908 and below could see a test of 16701. Resistance is now likely to be seen at 17401, a move above could see prices testing 17687.

Trading Ideas:

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