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Month: December 2008

3 / 5

Bad, bad, bad News, but the markets don’t care anymore

News from around the world: Bernie Madoff cons folks like Nomura and BNP Paribas (allegedly) and many more, of $50 billion. That’s a lot for a Ponzi ...

IIP Data: Drops by 0.4% in October

The Index of Industrial Production is at 261.5 today, a drop of 0.4%, for the first time in a very long time. Here’s what it looks like: The bottom bars ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...