Archive for the ‘News’

  • Indian Economy Faces Slowdown>
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    Indian Economy Faces Slowdown
    In the last few weeks, public focus in India was largely on the anti corruption crusade led by Anna Hazare. Debates have been raging on how exactly corruption can be solved, and peaceful protests have sprung up all over the country. Social media was used as a medium for the news spreading in the public consciousness. However, there may be other problems that may be far more imperative, such as the news of the economy slowing down. The slow down of economic growth in India was announced recently. The Reserve Bank of India, the central bank of the country has given a warning that may seem pretty blunt – growth of the Indian economy could slow down to less than 8 per cent. The news was released on Thurs, when the Indian government was in negotiation with Anna Hazare, the fasting anti corruption  [...]
    at August 30th, 2011 at 12:08 am
  • Consumers can rejoice as commodity prices will drop soon>
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    Consumers can rejoice as commodity prices will drop soon
    Now this is a perfect time to party as the happier days will come soon. For the last one year the price of commodities and that of garments have risen constantly as the oil price has spiked.  Though oil continues to be a high priced commodity even today, the shoppers can breathe an air of relief as the price of food and garments will soon undercut. The latest news on drop in commodity price has been made by the precious metals gold and silver. The price of corn is another commodity that dropped on the heels of the silver price. The corn price has dropped steadily as shown by the statistics of price chart. On Monday, the price of corn fell by 2.9 % and it dropped again by 1.5 % on Tuesday. Since corn is a major food for the cattle, the price of beef will soon drop. Other commodities that have  [...]
    at May 9th, 2011 at 12:05 am
  • Nothing can stop shoppers from buying; not even soaring oil prices>
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    Nothing can stop shoppers from buying; not even soaring oil prices
    The high oil prices cannot keep shoppers away from the malls. Whatever be the economic circumstance, people are not quitting their shopping spree in US. The retail figures that are collected so far reflect the fact that consumers are spending high on the shopping mall despite the fact that the oil price is spiking. The recent gust of jobs in US is now not being looked upon as good news as the soaring oil price makes the cost of living higher for the citizens. Whatsoever be the situation, the shoppers have not stopped their shopping sessions at all. Stores such as, Victoria’s Secret and Costco Wholesale Corp., offer retail sale figures that have outperformed the anticipation of Wall Street. The revenue generated is quite high in these stores while Target Corp. generated revenue that is  [...]
    at April 11th, 2011 at 05:04 am
  • Tesla: A new share to invest in>
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    Tesla: A new share to invest in
    Innovations and business development are highly complimentary to each other. And now we can add one more element into it; stock market. To be more precise the stock price are highly sensitive matter whenever news on new innovation is published. The recent report by Morgan Morgan Stanley has narrated about a new auto giant, Tesla, which is about to become the forth largest automobile maker in America. The electric car company is blessed with two benefits; leverage government and the growing prices of fuel. Both benefits give a high competitive edge to the car maker; government subsidy gives it a cost advantage and the oil prices give it a comparative advantage. Time is favoring Tesla to the utmost. It took not more than squat to push up the share prices of Tesla in the stock market by 20%. The  [...]
    at April 4th, 2011 at 12:04 am
  • Budget calls for America decides to improve…not for the citizens>
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    Budget calls for America decides to improve…not for the citizens
    Tantrums are blowing loud in USA as the time for union budget has arrived. With every political party aiming to ride the momentum with their campaigning and request, it doesn’t seem to be good time for US. For the upcoming fiscal year the US congress is setting up a budget while the House of Representatives are coming up with propositions that will do no good to the nation’s economy. The republican majority in the government doesn’t seem to stress on the government intervention for the recovery of the economy. The only issue that is left for discussion is the reduction in government spending now. The current economic circumstance speaks of finding ways to bring about economic recovery. And recovery doesn’t limits into the high profits of corporate giants. Economic recovery also defines  [...]
    at April 1st, 2011 at 12:04 am
  • Tourism of Japan suffers great loss and it will count more>
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    Tourism of Japan suffers great loss and it will count more
    The disaster of Japan is undoubtedly massive and the country at present is grappling with the recent situation of reconstructing greater part of its northern region. The country has suffered a massive earthquake of 9 recter scale which unleashed a deadly tsunami. The loss of life and damage to properties has leveled several northern cities of Japan including some parts in Tokyo. The country is suffering from the possible fears of nuclear meltdown. When the situation is so grave in Japan the Euromonitor International Nadejda Popova analyses the impact of the calamity on the tourism of Japan. Although the recent focus on Japan has made the economy stricken with several dangers yet the country was not is a very safe position before this catastrophe if we consider the financial position. During  [...]
    at March 28th, 2011 at 04:03 am
  • Infosys not shaken by Japan crisis>
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    Infosys not shaken by Japan crisis
    People working in the Japan office of Infosys, are supposed to celebrate now as the software company has decided not to shut down it’s Japan office. The company seems to be in high spirits to overcome the effect of the recent devastation in Japan. The ravage brought about by the tsunami and earthquake has caused massive repatriation of Indian employees working in Infosys, Japan. About 200 or more Indian employees have returned to their homeland and the rest of the staff of Infosys that includes local Japanese have been permitted to work from home or from the Osaka office of Infosys. This seems that the company, by any means will not stop its business as is said in Theatre that the show must go on. As per the recent statement of Infosys COO, Shibulal, the business of the software company  [...]
    at March 21st, 2011 at 03:03 am
  • US historic budget deficit is an indicator of recession>
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    US historic budget deficit is an indicator of recession
    When global economic circumstances are singing melancholy tune for most of the countries, latest news about US acts as salt over wounds for all. According to the budget report placed by Treasury department of the government of USA, the country’s budget deficit is more than $222 billion. This deficit has made history in America since it is highest one month increase in US budget deficit. As per financial forecast of US government’s spending the budget deficit this time will be more and is supposed to hit $1.5 trillion. This massive figure of budget deficit is expected to cut the tax revenue of the government and government officials are asked to spend funds for stimulating the economy. There is a separate report of Commerce that hints that the figure noted in February is not the highest  [...]
    at March 16th, 2011 at 06:03 am
  • Global economy may soon face a new recession>
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    Global economy may soon face a new recession
    Since the civil war in Libya broke out the oil prices have been soaring high. This rise in oil prices created ripples of disturbances among the investors in US stock market. To make the situation worse, political tensions in Saudi Arabia has been kindled which is the major oil exporter presently. The bad news for the existing investors is coming in a sequel as the political tension of Saudi has been followed by the massive earthquake in Japan. All these events have created havoc in the global economic world unstable and investors may feel to revise their investment. The present overturned financial condition across the globe has caused great unrest in the stock market of US. Eminent figures in financial market of US such as Thomas Villalta, a portfolio manager of Jones Villalta Asset Management  [...]
    at March 14th, 2011 at 06:03 am
  • India – Left Leaning Congress Ups Social Spending by 17 per cent>
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    India – Left Leaning Congress Ups Social Spending by 17 per cent
    Pranab Mukherjee, Finance Minister of India unveiled the Union Budget for the financial year 2011-2012 yesterday, 28th February. The new financial year starts from 1st April. The budget focused on a good number of reforms aimed at the poor or the “aam aadmi” (the common man). The budget promised several populist measures such an as increase in social expenditure 17 % and decrease in inflation, especially food inflation. Social spending means the money earmarked for the various welfare schemes by the government to eradicate illiteracy, unemployment and other social evils. Spending was increased for the benefit of education, rural employment, food programs, and agriculture. The poor and rural masses form the large percentage of the country’s population, and are also the core support group  [...]
    at March 2nd, 2011 at 05:03 am
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