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The real danger from the downgrade of U.S. government debt by Standard & Poor’s isn’t higher interest rates. It’s the hit to the nation’s fragile economic psyche and rattled financial markets.
S&P’s decision to strip the U.S. of its sterling AAA credit rating for the first time and move it down one notch, to AA+, deals a blow to the confidence of consumers and businesses at a dangerous time Continue reading
Tech Mahindra has won the bid for Satyam Computer Services. The long-drawn race finally drew to a close as it was confirmed that Tech Mahindra bid for Satyam at Rs 58 per share, while Larsen & Toubro, the other player in the fray, bid at Rs 49.50 per share Continue reading
LONDON – World leaders pledged $1.1 trillion in loans and guarantees to impoverished countries and agreed Thursday to crack down on tax havens and hedge funds but failed to reach sweeping accord on stimulus spending that would directly attack the global economic decline. Continue reading
Well what a mess the GREAT AMERICAN economy is in, now that the only terminology left to describe them is CAPITALIST FOOLS. Continue reading
Marc Faber, Author, Gloom, Boom & Doom report, said the rally in US markets is likely to continue till April-end, but was quick to add that a total collapse is seen by year-end.
Asian equities, Faber said, are likely to get cheaper versus the US. “So, it is a good time to buy into these markets.”
He feels China may not grow at 8% this year as the economy is in recession.
“The S&P 500 is unlikely to hit lows below 666.”
According to Faber, gold could test USD 700 per ounce. He added that it is relatively expensive versus industrial commodities.
The United Nations is to snap a direct contract with the scam-hit Indian software exporter Satyam Computer Services, a media report has said Continue reading
In a world where most investment classes are taking a knock, gold has been firmly on the way up. The way things are going, $5,000 an ounce (one troy ounce equals 31.1 grams) for the yellow metal maybe a reasonable target in a few years, says John Rubino, co-author of The Collapse of the Dollar and How to Profit From It, first published in 2003. The metal is currently quoting at $911 an ounce. Continue reading
ONE PROMOTER TAKES OUT $2 BILLON FROM HIS COMPANY HE IS PENALISED AND ANOTHER PROMOTER TAKES OUT $20 BILLION FROM THE COMPANY NOBODY QUESTIONS? WAH! YEH HAI INDIA Continue reading
FUND NAME
NAV
JM Core 11 Fund – Series 1 – Dividend option
2.0004
JM Core 11 Fund – Series 1 – Growth option
2.0004
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