In
1990, a young stock trader bet big on what the then finance minister, Madhu
Dandavate, would do in the Budget. His bets paid off and suddenly, Dalal Street
had a new star, now referred to as the Big
Bull.
Come February, every
year, thousands of investors begin building up positions in the hope that one of
them may end [...]
While
we believe that investors should refrain from taking positions in the stock
market before the budget, that’s unlikely to stop budget punters. So, for
those of you intent on outguessing the Finance Minister, here are some stocks
that just might help you hit the
jackpot.
Larsen
%26amp; Toubro
Being the
country’s largest engineering and construction company, Larsen %26amp;
Toubro (L%26amp;T) is [...]
Pay
commission awards are celebration time for government employees and the
companies selling goods and services to this class of consumers.
When the government
implemented the Fifth Pay Commission (FPC) awards, it resulted in a mad rush at
car showrooms and a boom in sales of consumer durables. Marketers hope the
families of the 4-million-strong central government workforce will [...]
Pay
commission awards are celebration time for government employees and the
companies selling goods and services to this class of consumers.
When the government
implemented the Fifth Pay Commission (FPC) awards, it resulted in a mad rush at
car showrooms and a boom in sales of consumer durables. Marketers hope the
families of the 4-million-strong central government workforce will [...]
Feb. 15 (Bloomberg) — “I always thought that decoupling
was a myth, U.S. Treasury Secretary Henry Paulson told
reporters last week after a Tokyo meeting of finance ministers
and central bankers from the Group of Seven countries.
[...]
NEW YORK (AP) — Americans are paying more attention to how much they spend on each box of cereal, tank of gasoline and pair of pants - and Wall Street is, too.This week’s data on the U.S. consumer, particularly the Commerce Department’s Wednesday report on January retail sales, are going to be monitored closely by [...]
Fed-ECB Policy Gaps, Chinese Cash, Homebuilder Stocks: Timshel
Commentary by Michael R. Sesit
Feb. 9 (Bloomberg) — Benito Mussolini is often credited
with making Italys trains run on time. Looking at the disparate
monetary policies being pursued at three of the worlds major
central [...]
Members did urge China, the rising powerhouse, to absorb more imports by raising the value of its currency, which would make foreign goods cheaper for Chinese consumers. They also called on oil-producing nations to help push down world energy prices by raising output. Some at the meeting warned higher fuel and food costs could cause [...]
The FINANCIAL — According to EU business, BRUSSELS. The French governments determination to protect troubled bank Societe Generale from foreign buyers is raising concern, though not surprise, in Brussels.
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While France is anxious to find a friendly French suitor for Societe Generale, the European Commission and others have been metaphorically [...]
PARIS - Controls at French banking icon Societe Generale missed or ignored suspicious activity by a trader whose dealings led to about $7 billion in losses, the finance minister said Monday.Meanwhile, repercussions of the affair may have reached the United States: the U.S. Securities and Exchange Commission is examining stock sales by an American board [...]
