Mumbai: The rupee gained on Thursday as global risk assets stabilised globally after a recent sell off. The rupee was at 54.30/32 to the dollar in early trade versus its Wednesday close of 54.51, which was just off the record low of 54.52 to the dollar hit on the same day. Earlier, thee rupee slumped to a record low against the dollar on Wednesday as the global risk version added...
10:04 AM, May 17, 2012
New Delhi: India's economy is exposed to an extended euro zone crisis and policy paralysis at home, while the coalition government is under tremendous strain from scandals and rebellious coalition partners. The risk of Prime Minister Manmohan Singh's second term being cut short before a General Election due in 2014 is low, but cannot be ruled out. The failure of Congress party in state elections in early March, and a...
10:18 AM, Apr 03, 2012
Import-dependent automakers and their suppliers got bushwhacked by the Indian rupee in 2011 when it went into a tailspin after the country's trade gap began to widen and government policy drift kept investor dollars away. By the end of December, the rupee was down 20 per cent against the dollar, and by 22 per cent against the Japanese yen. The yen's rise particularly hit India's biggest carmaker Maruti Suzuki whose...
11:34 AM, Mar 13, 2012
Chennai: Tamil Nadu Chief Minister J. Jayalalithaa on Wednesday assured a delegation from the People's Movement Against Nuclear Energy (PMANE), who briefed her about the risks of the Kudankulam nuclear power project, that she would go through their report, said an activist present at the meeting. "Madam (Jayalalithaa) was very cordial and listened intently to our submissions. The meeting lasted around 20 minutes. She did not ask us to withdraw...
06:14 PM, Feb 29, 2012
San Francisco: Investors jumped on Facebook's regulatory filings on Wednesday for a glimpse into the company's inner workings ahead of one of the hottest initial public offerings in recent history. But there are also potential downsides. Here are a few key issues Facebook outlined as risk factors in its IPO prospectus: ** Facebook usage plateaus: Despite mind-boggling growth in recent years, the number of Internet users in the world is,...
10:27 AM, Feb 02, 2012
Greg Case is the president and CEO of Aon Corp. Prior to joining Aon, Case was with management consulting firm McKinsey & Company for 17 years. Most recently, he served as head of the Financial Services Practice. He was previously responsible for McKinseys Global Insurance Practice, and was a member of McKinseys governing Shareholders Committee. Q. As many global economies head into a slowdown and political uncertainty, how are risk...
11:42 AM, Jan 13, 2012
As a gloomy New Year for investors starts off, here are some home truths about risk and returns. Satyajit Das Profile: He is an expert on financial derivatives and risk management Known for: His book 'Traders, Guns and Money' was almost prescient in the way it foresaw the troubles of corporate India with derivatives in 2007 Investors approach investment in the same way that Woody Allen approached the subject of...
01:36 PM, Jan 10, 2012
New Delhi: Government is mulling setting up a Rs 1,000 crore Credit Risk Guarantee Fund to encourage banks to give loans to the poor, Prime Minister Manmohan Singh said on Tuesday even as he asserted that policies cannot have one-size-fits-all approach towards both big and small cities. "To encourage banks to lend in significant volumes to the economically weaker sections and low income groups, we are considering the establishment of...
12:41 PM, Dec 13, 2011
Kolkata: Former President APJ Abdul Kalam on Monday downplayed his frisking by US security officials at New York's JFK Airport, saying it was not worth talking about. "Forget about it. It is not worth talking about," Kalam said while responding to a question on the sidelines of an IIMC event in Kolkata. Kalam, 80, was frisked twice at the JFK Airport by security officials who even took off his jacket...
03:35 PM, Nov 14, 2011
Bangalore: The US needs to observe protocol in treating Indian dignitaries visiting that country, External Affairs Minister SM Krishna said in the wake of American security agencies frisking former president APJ Abdul Kalam on board an aircraft. "The US government has to take into account certain protocols when dealing with our distinguished dignitaries visiting America," a miffed Krishna told IANS on Sunday after India protested the Kalam episode. "We have...
01:13 PM, Nov 14, 2011
New Delhi: Former president Dr APJ Abdul Kalam was frisked not once but twice at an US airport in September, an act that violates protocol followed by almost every other country. The US has apologised to former President APJ Abdul Kalam for subjecting him to frisking at New York's JFK Airport, an incident that had provoked sharp reactions from India which threatened retaliatory action. In a written apology to Kalam...
10:25 AM, Nov 13, 2011
A sudden wave of volatility in the Indian rupee has increased the degree of risk for companies and the financial system as a whole. Over the past three months, the rupee has fallen 12 per cent against the dollar and could even slip to the 52 mark if European debt worries persist. Though many analysts foresee the currency clawing back to around 46, they believe that will take a while....
11:00 AM, Oct 11, 2011
Benjamin Graham once famously said, The investors chief problem " and even his worst enemy " is likely to be himself. So, what is it that drives these frequent blips in investment behaviour? Over-confidence is probably the single most lethal error. It may seem bizarre, but repeated academic research has proven that the more complex the task, the more inappropriately over-confident we are. Not surprising then that most investors are...
10:48 AM, Sep 28, 2011
New Delhi: After a tiger went missing in Sariska national park, there has been more trouble brewing as three more species have not been sighted in the park in the last few years causing wildlife scientists to ring the alarm bells. The Chinkara, the Caracal and the Chousingha, three species that are elusive, and were once found in small numbers in 800 sq km of forests, have not been sighted...
06:10 PM, Sep 20, 2011
Washington: The risk that an earthquake would cause a severe accident at a US nuclear plant is greater than previously thought, 24 times as high in one case, according to an Associated Press analysis of preliminary government data. The nation's nuclear regulator believes a quarter of America's reactors may need modifications to make them safer. The threat came into sharp focus last week, when shaking from the largest earthquake to...
05:51 PM, Sep 02, 2011
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