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Economics explained: What the trade data, Basel III guidelines, Manufacturing PMI mean?
This week saw the HSBC Purchase Managers Index or PMI rising for India in April 2012, considered as a lead indicator for the trend in industrial output. India's exports too rose an annual 21 per cent to $303.7 billion (Rs. 14,54,065 crore) for the fiscal year 2011-12, while imports rose 32.2 per cent to $488.6 billion (Rs.23,42,216 crore), figures released by the trade ministry showed. The trade deficit for the full fiscal year was $184.9 billion. Meanwhile, RBI too announced the new Basel III guidelines for the banking and finance sector.
Here is a quick guide on what the three economic concepts mean.
Why the rupee is among the weakest currencies and surging gold prices hurt India most
The Indian rupee is one of the weakest currencies in Asia and among emerging markets. This is largely because India is a net importer of goods and services and hence has a high current account deficit. Here are pointers that could help you comprehend the trend.
Meanwhile, Gold hit a record high in India at Rs 29,750 per ten grams. Gold prices are sluggish in international markets. But the sharp fall in the value of the Indian rupee is making the most lucrative commodity expensive for Indians. Yet, Indians are increasingly buying gold to hedge against inflation and the falling currency. The preference for gold over other investment avenues is a cause of concern. Here is how it hurts the Indian economy. (Read More)
US jobs lost to recession trickle back, but wages lag: Top 10 facts
US job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could tighten the presidential race. The percentage of adults working or looking for work has fallen to its lowest level in more than 30 years. Many have become discouraged about their prospects. Here are 10 important facts about the jobs data. (Read More)
India's proposed tax rules a 'big mistake': Mark Mobius
A world reknown market investor, Mark Mobius says that India has been making many policy mistakes and that retroactive taxation seems to be the biggest of all. India is faltering as an investment destination because of significant policy mistakes and stock prices there will slide if the nation's credit rating is cut, he said. (Read More)
How S&P revision has hit the RBI's rupee battle
The Reserve Bank of India's battle to contain a falling rupee just got tougher. The current account deficit is widening and a weak global investment climate coupled with policy paralysis in New Delhi, sticky inflation and slowing growth have increased the aversion of foreign investors to India, pushing the capital account into the red.
Last week's move by rating agency Standard & Poor's to cut the country's credit rating outlook to "negative" has complicated matters further for the RBI, which has few options other than intervention and tinkering with rules on export credit to encourage inflows, RBI officials say. (Read More)
Tax issues hurt India’s image, investment: Chandrasekaran
The government's new tax proposals have impacted India's image as an investment destination, TCS chief N Chandrasekaran has told NDTV's Vikram Chandra.
Two tax provisions, one that empowers tax authorities to retroactively tax the indirect transfer of assets and second, which targets tax evaders through the General Anti-Avoidance Rule (GAAR), putting the onus on investors registered in countries with special tax exemptions with India to prove they do not intend to explicitly avoid tax, have dented investor confident in India. (Read More)
Also Read: Many more golden eras to come for India's IT industry, says TCS
It's not a BlackBerry World anymore
When Mike Lazaridis and Jim Balsillie were running Research In Motion, BlackBerry World was a chest-thumping celebration of RIM's successes and a showcase for the innovations that would assure its continued dominance. Their successor Thorsten Heins will preside over a very different event.
Three months after replacing the longstanding co-CEOs, Heins desperately needs more time to right the now-struggling company and he likely has next to nothing concrete to offer his restless audience in terms of new products and services. (Read More)
Social gifting: The new buzzword in e-commerce
Last year, the buzzword in e-commerce was Groupon Inc and its myriad of competitors that offered daily online coupons to entice shoppers in a down economy. Now, the latest fashion in retail is social gifting, where people get together on Facebook to buy each other gifts.
Start-ups such as Sweden-based Wrapp, which is launching its U.S. business on Monday, are getting millions of dollars in venture-capital funding, and retailers like Best Buy Co Inc , Gap Inc and Starbucks Corp are scurrying to be a part of it. (Read More)
Drive Audi’s new A4 at Rs 27.3 lakh
Audi, the premium automobile brand of the Volkswagen Group, on Thursday launched the next-generation A4 model at a starting price of Rs 27.3 lakh. The vehicle promises an improved fuel economy of up to 10% compared to its predecessor, and is also cheaper by up to Rs 70,000. The launch comes in the wake of Audi overtaking Mercedes-Benz to become the No. 2 luxury automobile brand in the Indian market. (Read More)
In a Samsung galaxy far, far away ... Will android still rule?
Samsung Electronics is the world's largest smartphone manufacturer and biggest user of Google's Android operating system. And, for some, that's the problem.
Samsung's meteoric rise - in the first quarter of 2011 it shipped fewer smartphones than Apple, Nokia or Research in Motion, but is now market leader - has handed it a dilemma. Does it risk becoming a commodity manufacturer of hardware, or does it try to break into other parts of the business - the so-called mobile ecosystem? (Read More)
Facebook IPO: Zuckerberg, Microsoft, Goldman Sachs to get richer
The rich are going to get richer when Silicon Valley's biggest IPO starts trading. Facebook is only getting about half -- or $5.6 billion -- of the roughly $10.6 billion it plans to raise via a mega IPO. The other half, or about $4.9 billon, is going to a handful of inside investors -- many Silicon Valley notables.
Chief among them are co-founder and Chief Executive Mark Zuckerberg, venture firm Accel Partners, early investor and PayPal co-founder Peter Thiel, Russian tycoon Yuri Milner's DST, and investment bank Goldman Sachs. (Read More)
In Pics: Facebook IPO - The rich get richer
- Economics explained: What the trade data, Basel III guidelines, Manufacturing PMI mean?
- Why the rupee is among the weakest currencies and surging gold prices hurt India most
- US jobs lost to recession trickle back, but wages lag: Top 10 facts
- India's proposed tax rules a 'big mistake': Mark Mobius
- How S&P revision has hit the RBI's rupee battle
- Tax issues hurt India’s image, investment: Chandrasekaran
- It's not a BlackBerry World anymore
- Social gifting: The new buzzword in e-commerce
- Drive Audi’s new A4 at Rs 27.3 lakh
- In a Samsung galaxy far, far away ... Will android still rule?
- Facebook IPO: Zuckerberg, Microsoft, Goldman Sachs to get richer
Economics explained: What the trade data, Basel III guidelines, Manufacturing PMI mean?
This week saw the HSBC Purchase Managers Index or PMI rising for India in April 2012, considered as a lead indicator for the trend in industrial output. India's exports too rose an annual 21 per cent to $303.7 billion (Rs. 14,54,065 crore) for the fiscal year 2011-12, while imports rose 32.2 per cent to $488.6 billion (Rs.23,42,216 crore), figures released by the trade ministry showed. The trade deficit for the full fiscal year was $184.9 billion. Meanwhile, RBI too announced the new Basel III guidelines for the banking and finance sector.
Here is a quick guide on what the three economic concepts mean.
- What the trade data means for you
- What does manufacturing PMI tell you
- What are Basel III guidelines?
Why the rupee is among the weakest currencies and surging gold prices hurt India most
The Indian rupee is one of the weakest currencies in Asia and among emerging markets. This is largely because India is a net importer of goods and services and hence has a high current account deficit. Here are pointers that could help you comprehend the trend.
Meanwhile, Gold hit a record high in India at Rs 29,750 per ten grams. Gold prices are sluggish in international markets. But the sharp fall in the value of the Indian rupee is making the most lucrative commodity expensive for Indians. Yet, Indians are increasingly buying gold to hedge against inflation and the falling currency. The preference for gold over other investment avenues is a cause of concern. Here is how it hurts the Indian economy. (Read More)
US jobs lost to recession trickle back, but wages lag: Top 10 facts
US job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could tighten the presidential race. The percentage of adults working or looking for work has fallen to its lowest level in more than 30 years. Many have become discouraged about their prospects. Here are 10 important facts about the jobs data. (Read More)
India's proposed tax rules a 'big mistake': Mark Mobius
A world reknown market investor, Mark Mobius says that India has been making many policy mistakes and that retroactive taxation seems to be the biggest of all. India is faltering as an investment destination because of significant policy mistakes and stock prices there will slide if the nation's credit rating is cut, he said. (Read More)
How S&P revision has hit the RBI's rupee battle
The Reserve Bank of India's battle to contain a falling rupee just got tougher. The current account deficit is widening and a weak global investment climate coupled with policy paralysis in New Delhi, sticky inflation and slowing growth have increased the aversion of foreign investors to India, pushing the capital account into the red.
Last week's move by rating agency Standard & Poor's to cut the country's credit rating outlook to "negative" has complicated matters further for the RBI, which has few options other than intervention and tinkering with rules on export credit to encourage inflows, RBI officials say. (Read More)
Tax issues hurt India’s image, investment: Chandrasekaran
The government's new tax proposals have impacted India's image as an investment destination, TCS chief N Chandrasekaran has told NDTV's Vikram Chandra.
Two tax provisions, one that empowers tax authorities to retroactively tax the indirect transfer of assets and second, which targets tax evaders through the General Anti-Avoidance Rule (GAAR), putting the onus on investors registered in countries with special tax exemptions with India to prove they do not intend to explicitly avoid tax, have dented investor confident in India. (Read More)
Also Read: Many more golden eras to come for India's IT industry, says TCS
It's not a BlackBerry World anymore
When Mike Lazaridis and Jim Balsillie were running Research In Motion, BlackBerry World was a chest-thumping celebration of RIM's successes and a showcase for the innovations that would assure its continued dominance. Their successor Thorsten Heins will preside over a very different event.
Three months after replacing the longstanding co-CEOs, Heins desperately needs more time to right the now-struggling company and he likely has next to nothing concrete to offer his restless audience in terms of new products and services. (Read More)
Social gifting: The new buzzword in e-commerce
Last year, the buzzword in e-commerce was Groupon Inc and its myriad of competitors that offered daily online coupons to entice shoppers in a down economy. Now, the latest fashion in retail is social gifting, where people get together on Facebook to buy each other gifts.
Start-ups such as Sweden-based Wrapp, which is launching its U.S. business on Monday, are getting millions of dollars in venture-capital funding, and retailers like Best Buy Co Inc , Gap Inc and Starbucks Corp are scurrying to be a part of it. (Read More)
Drive Audi’s new A4 at Rs 27.3 lakh
Audi, the premium automobile brand of the Volkswagen Group, on Thursday launched the next-generation A4 model at a starting price of Rs 27.3 lakh. The vehicle promises an improved fuel economy of up to 10% compared to its predecessor, and is also cheaper by up to Rs 70,000. The launch comes in the wake of Audi overtaking Mercedes-Benz to become the No. 2 luxury automobile brand in the Indian market. (Read More)
In a Samsung galaxy far, far away ... Will android still rule?
Samsung Electronics is the world's largest smartphone manufacturer and biggest user of Google's Android operating system. And, for some, that's the problem.
Samsung's meteoric rise - in the first quarter of 2011 it shipped fewer smartphones than Apple, Nokia or Research in Motion, but is now market leader - has handed it a dilemma. Does it risk becoming a commodity manufacturer of hardware, or does it try to break into other parts of the business - the so-called mobile ecosystem? (Read More)
Facebook IPO: Zuckerberg, Microsoft, Goldman Sachs to get richer
The rich are going to get richer when Silicon Valley's biggest IPO starts trading. Facebook is only getting about half -- or $5.6 billion -- of the roughly $10.6 billion it plans to raise via a mega IPO. The other half, or about $4.9 billon, is going to a handful of inside investors -- many Silicon Valley notables.
Chief among them are co-founder and Chief Executive Mark Zuckerberg, venture firm Accel Partners, early investor and PayPal co-founder Peter Thiel, Russian tycoon Yuri Milner's DST, and investment bank Goldman Sachs. (Read More)
In Pics: Facebook IPO - The rich get richer
