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Commentary
Gilt Funds: An update
After I first wrote a post about buying Gilt funds, I went through a harrowing experience with Sharekhan + Franklin Templeton, which resulted in my money being ...
Commentary
Indian Inflation Down to 8%; China Losing Steam
Indian Inflation data was out today – a figure of 8% will be deeply satisfying. With the petrol price last week, we should see even lower figures coming ...
Economy
YASP: Yet Another Stimulus Package
Kamal Nath says there’s going to be another stimulus package next week. The second stimulus package, Nath said, would be aimed at generating employment ...
Commentary
0% on 4 week T-bills, Negative yield on the 3-month
From Bloomberg: he Treasury sold $30 billion of four-week bills at zero percent for the first time since it began selling the securities in 2001 amid ...
Commentary
Dubai's Dreams in Tatters
Newsweek: Dubai’s last hurrah “It’s a tragedy in the making,” said a senior executive with one of the city’s biggest ...
Commentary
Jon Stewart on the Mumbai Terrorists
Bankrupt policies pursuing bankrupt ideologies: The Daily Show With Jon StewartM – Th 11p / 10c Mumbai Tragedy Barack Obama InterviewJohn McCain ...
Commentary
A 30,000 cr. ($6 billion) stimulus package
Update: Turns out it’s 30,000 cr., not 300,000 cr. Suitably edited – my apologies. India joins the global stimulation exercise. Total spending in ...
Stocks
ICICI cuts rates for ONLY new loans, less than 20 lakhs
How nice of them! ICICI Bank has made loans of less than 20 lakhs cheaper; a new rate of 11.5% applies, as against 13% earlier. Private sector lender, ICICI ...
Economy
RBI Release: Rate Cuts, Sector Sops
The RBI has cut rates by 1%. The Repo rate is now 6.5% and the reverse repo is 5%. Just 1%? I believe a much bigger response is necessary, but then ...
Commentary