Though volatility has been giving troublesome times to investors, proprietary traders have found a way to extract from the broadening bid-ask spreads. This group is weighing the alternatives apart from cash-futures to earn. A number of these strategies featured among the foreign institutions “top preferences”. The tactics focus on en-cashing the volatility irrespective of their [...]
Considering the present scenario of crude oil prices in the global market, there are chances that the government may cut the prices of petrol, diesel and domestic LPG on Thursday. Besides these, the government is also thinking over freeing the fuel pricing from administrative control. The Cabinet meet is scheduled for Thursday, to take a [...]
Owing to the bleak financial conditions, Morgan Stanley cut down on its estimation for expected growth rate of India. In a recent note, the company said that it anticipates the value to be 6.7% for the present fiscal year. It said that low domestic demands prompted it to have such expectation. Moving on the same [...]
![](http://www.economynews.us/wp-content/themes/WpAdvNewspaper13/timthumb.php?src=images/black_gold_logo.jpg&h=&q=90&w=90&h=65&zc=1"){kind=logo}
Lack of Cash has caused Indian Oil, Bharat Petroleum and Hindustan Petroleum to postpone their plans of investing in sugarcane farms of Brazil. The investment of USD 600 million was to fetch ethanol for mixing it with petrol. The three units had thought of buying or leasing sugarcane plantations in Brazil. Ethanol is a by-product [...]
So the time has come when people start weighing different tax saving options to minimize their tax liability. But they are still reluctant of equity-linked and other mutual funds related tax saving schemes. There are many reasons that can be held responsible for this current mood of investors. The latest Satyam scam has heavily impacted [...]
In an internal communication to employees, Wipro’s Azim Premji conveyed to the staff that the company has abided by the legal and ethical frameworks, on all grounds. This clarification came after the company was debarred from doing any business with the World Bank. He also said that this action would not impact the earning potential [...]
CII has proposed the structuring of a committee, to be headed by PM Manmohan Singh for solving the tussle between exporters and banks. Exporters were drawn into buying of derivative products that were of complex nature. The buyers however had to bear huge losses owing to the unfavourable fluctuation in the rupee value. The value [...]
After the global fuel prices coming down to below $40 per barrel, attempts are being made to echo this change domestically too. Consequently, the proposal to decontrol petrol and fuel prices has been proposed. This would link the rates of fuel to market conditions; thereby increasing the chances of an abrupt fall in the value. [...]
Foreign Institutional Investors have taken their money out from a number of Inidan companies, owing to the Financial disturbances decreasing their earning potential. The recent data on BSE companies reveals that FIIs have increased the investment in only a few of the companies; kept the value unchanged in some of these and decreased in a [...]
Two US senators have requested US International Trade Commission (ITC) to initiate a scrutiny in Indian Trade Barriers. They believe that the low contribution of imports of agricultural products from US is due to the inappropriate import policy of India. Despite US being the top exported of lentils, peas and wheat, the contribution to Indian [...]