Byapaar.com – The Indian Business Blog

Finally the turbulence of politics is over with the UPA led by the Indian National Congress withstanding a tight no-confidence motion in the Lok Sabha on 22^nd July. The Left Front has been blocking almost all major reforms which are so badly needed to push the economy to the next level. It has been frustrating 4 years for both pro-reform Prime Minister Mr. Manmohan Singh and also the business community. Now that all is over, the UPA government is determined to push through reforms in many fields like insurance, telecom etc. despite the alarmingly high rate of inflation that stands @ 11.98% today!

High rate of inflation has also made the apex bank (Reserve bank of India) to raise interest and thereby make bank deposit attractive. On the other hand, the long bull run of the stock market also ended with the start of the turbulence of government instability and skyrocketing international fuel price.

So as an individual – where do I put my money? Most banks are offering an attractive 10% annual interest rate. But is it long lasting? Despite forecast of an economic slowdown, businesses remain upbeat on long-term economic prospect of the country.

So the ideal way to invest your money is to divide your funds and put them into both the markets. While it is not guaranteed that bank rates will always remain the same, one can not also say for sure when the equity/stock market is going to recover! (continue reading…)

True to its name, the booming Indian economy has demonstrated its strength once again by putting four Indians in the top 10 of Forbe’s list of top 10 wealthiest people in the world. Just for information, Warren Buffet, Chairman of Berkshire Hathaway Inc. and the Bridge partner and fellow philanthropist pal of Bill Gates, the Microsoft Founder has pushed his friend to third position to claim the title of world’s richest man with a net worth of a staggering $ 62 billion, an increase of $10 billion over last 12 months. The Mexican telecommunication tycoon Mr. Carlos Slim is estimated to be worth $60 billion enabling him to surge ahead of Bill Gates, worth $58 billion.
But there is no surprise in the list which has seen lots of changes in the top 10 over the last 13 years except Bill Gates holding the number one position during this long period. The surprising element is the rise of four Indian into the top 10 richest billionaires club. The booming Indian economy has resulted into a scorching stock market that shored up values of these four Indian business moguls. Heading the list of Indians at number four in the Forbe’s list is L.N. Mittla, the steel baron ( ArcelorMittal) with a net worth of $ 45 billion. Following him at number five is Mukesh Ambani, Chairman of RIL at $43 billion thus making him the richest resident Asian. His estranged sibling Anil Ambani who broke away from the main RIL group is the sixth richest person in the world worthy of $ 42 billion a net gain of 12 places and $23.8 billion during last 12 months. K.P Singh, who is leading Indian real estate boom with DLF has become the fourth Indian in the top ten ( at number eight) as his fortune rose to $30 billion due to stock market boom.
The list of Billionaires club is now pegged at 1,125 and not surprisingly the US heads the list with 475 billionaires, followed by Russia (87) and Germany (59). India heads the list of billionaires in Asia with 53, 19 of them making their debut. This takes India to fourth in overall position in the Forbe’s list.

Resources:-

Most of the refinance schemes are based on the assumption that multiple creditcard withdrawls can do the trick. This is common sense. Whether one is in real estate or health industry, one should know that debt consolidation is not a good way of removing money kinks. And great houses for sale this season are certainly no reason to take this risk.

The US greenbuck sank to a historic low beyond 1.53 mark against the stronger Euro ahead of the ECB meeting on Thursday. This has rattled investors worldwide and pushed gold prices at an all time high. The European Central Bank is expected to keep the interest rate at the same level as this higher interest rates over the US rates is the source of Euro’s strength.
Tomoko Fujii, the head of economics and strategy for Japan at Bank of America in Tokyo says -
“There are pretty clear expectations for a widening in interest rate differentials, keeping the dollar at a disadvantage,”
Analysts feel that, it is not only the interest rate for which investors are dumping the US Dollar for the Euro, but there are other factors as well. Recent data coming out of US points towards an economic contraction that has made people weary to put their money on the greenbuck. According to the ADP Employer Services, the US private sector has cut 23,000 jobs during February and coming employment data update also seems to hold bleak prospect.
On the other hand European stocks are coming under severe pressure due to the competitiveness factor caused by a soaring Euro. Banks are the worst hit despite stock markets saw a slight gain yesterday after loss for five straight days . The Japanese Nikkei also gained 1.9 percent on Thursday.

Resources:-

According to the latest quantitative finance research, most of the loan schemes have been noticed to have a definite change in the pattern of preference. Where business loans have been booked for like anything, cheap loans are not being demanded anymore. Maybe the risks associated with bad credit loans has something to do with this. In any case, for the first time in history of economics, moneysupermarket actually has an explanation for every change.