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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.
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
No-one Knows Everything
An investor who has all the answers doesn’t even understand
the questions.
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We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Continue reading
The method of Calculating India GDP is the expenditure method, which is, GDP = consumption + investment + (government spending) + (exports-imports) and the formula is GDP = C + I + G + (X-M)
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FII behaviour
Since January 2008, FIIs have net sold Rs 58466 crore in the equity market. During the same time, the markets fell from 20000 levels to 8800 levels. Compare this with total flows in 2007, the FIIs were net buyers to the tune of Rs 70940 crore between January 2007 and December 2007; the Sensex during this time went from 14000 to 20000 levels Continue reading
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