People are also spending more on travels and education. Compared to $160 million spent on travel and education last year, $207 million has already flown out of the country from April to August, 2008.
The shutdown of capital markets is causing a major headache for private equity firms, hedge funds and investment banks that piled in to Chinese and Indian companies ahead of expected stock market listings.
RBI, Sebi had imposed certain restrictions on futures markets by way of raising margins.
Exchange-traded currency futures volume down 80% since Jun
NRI steel tycoon Lakshmi Mittal has bought his third major property for 70 million pounds in Kensington Palace Gardens, London's most expensive street.
Understand the magic that SIP brings to the table for you as an investor, says Satyen Kothari. You can start by investing as little as Rs 500 per month.
While price volatility is not inherently bad, commodity futures markets and hedge funds operating on these markets will help reduce price volatility. While price volatility is not inherently bad, commodity futures markets and hedge funds operating on these markets will help reduce price volatility.
A look at the winners and the celebs at the awards.
Rupee fell to 45.03 in the Interbank Foreign Exchange Market against the dollar in morning trade today on worries of capital outflows which may increase because of equity sales by foreign investors.
The yen may have depreciated to 110 against the dollar from a high of 96 earlier this year, but bankers are advising extreme caution in using the Japanese currency for raising resources and hedging risks.
Less than three weeks after the curbs on participatory notes, overseas investors are rushing to invest in the booming Indian stock markets directly by applying for Foreign Institutional Investor licences.
India's largest agri commodity exchange -- the National Commodities and Derivatives Exchange says is chalking out several projects to connect farmers with online futures trading in commodities.
Talking during the India Investment Show organised by myiris.com in association with ICICI Direct, Chiragra Chakrabarty, head of training, Research and Development, Multi Commodity Exchange, said the commodity market has huge volatility.
The encounter made me think once again of the force and total hold of Facebook and Myspace on generation next.
Falling sugar production in the European countries would provide an excellent opportunity for Indian sugar exports to the European Union market, says a top government official.
Trading across global markets remained volatile on Thursday, and the nerves of investors were tested by dollar weakness and continued worries about the deteriorating health of the financial system.
Muted rupee-term guidance, no upward revision in dollar-term guidance, an uncertain global business environment, forex losses due to over-hedged positions and low volume growth by the top four Indian IT firms this week spooked investors on Friday.
Terming "unproductive" the public dialogue between the Tatas and Bermuda-based Orient-Express, a key investor has asked the US-listed luxury hotel chain to come clear on its corporate governance structure.
Three million tonnes of buffer stock, where the government bears the interest and insurance cost, was announced by the Centre only for a year and that period is ending in June.
Amid reports of corporates making losses on hedging forex products other than dollar, the Reserve Bank may soon come out with guidelines on forex derivatives, which is widely expected to discourage banks from trading in foreign currencies other than in rupee-dollar. "We are working on the guidelines of forex derivatives," an RBI spokesperson told PTI.
Following the herd right now is exactly the wrong thing to do, say market historians and economists.
A lot of money is lost waiting for corrections to come and, hence, one must look at investing in a staggered manner. Invest on every dip and also through systematic investments.
The RBI cracked down on offshore foreign exchange trading by Indians through online trading websites.
Urjit Patel, Binny Bansal, Nirav Modi and Rahul Gandhi personify the big trends that defined 2018. Well, almost...
Bombay Stock Exchange will launch 'Sensex mini derivatives contracts' from January 1, 2008.
Police chase a new breed of criminal--smart, rich and globally savvy.
A senior executive with global investment banking giant Goldman Sachs, Sanjay Patel, has been named among the UK's 20 most powerful fund managers. Currently in his second spell at Goldman Sachs, after leaving it for an alternative asset management fund house GSC Partners, Patel is co-head of Goldman Sachs' European PE and Indian capital equity businesses. Patel returned to Goldman Sachs in February 2006.
Some of the world's richest people climbed a very long way to get there.
Silver also lost Rs 550 to Rs 36,350 per kg on poor offtake by industrial units and coin makers.
China unveiled an extravagant farewell to the Olympics on Sunday and David Beckham, the world's most famous football player, said hello by kicking a ball to start the countdown to London 2012. The appearance of Beckham on top of a red double-decker bus that unfolded into a hedge-clipped silhouette of London sent 91,000 fans into a frenzy in the futuristic Bird's Nest stadium.
The only element of demand for gold likely to be affected by a recession is investment demand, "but that in turn will depend on the 'type' of recession,". Recessions can be bad for commodity prices, as consumer and business confidence falls, demand for goods and services is cut, weighing on demand for raw materials and depressing prices.
Nearly three-fourths of the debt money, as of April 30, 2019, was invested in securities with duration of less than three years.
Vodafone has rejected a restructuring call by an activist investor lobby that would have unlocked up to $75 billion to shareholders, saying such business strategies could have prevented it from recent acquisitions such as Hutch-Essar in India.
Aseem Chhabra watched some great films and some huge disappointments in 2020.
The DLF group has deferred the Singapore listing of DLF Office Trust, the real estate investment trust of DLF Asset, till the market condition improved, said sources close to the Gurgaon-based real restate group. DLF Asset has received investments worth $600 million from hedge fund DE Shaw and Lehman Bothers. DLF may now raise Rs 2,000 crore through private trusts or a private placement by March end.
Sadly, the terrorist attacks of 2001 made a recession politically unacceptable, and America was goaded into a state of artificial economic stimulation. We are now paying the price for what may prove to be the biggest bet in financial history in the form of a credit crisis. This term is really a misnomer, as what we face is a debt crisis, the kind of problem which undisciplined, developing countries have to endure.
The company had hedged $2.5 billion as of March 2008, but unwound its position reducing its exposure to $1.7 billion as on June 30. The unwinding resulted in a loss. An analyst tracking the firm said: "This was expected as HCL Tech had a major portion of its hedges in forward cover. Since the company has unwound $540 million of forward covers, a major part of which will show up in other income.
As the next step in futures market, traders can consider putting CEOs, bollywood stars and cricketers up for trading in the market.
From a modest two-bedroom apartment in Koramangala, the Bengaluru-headquarted company now has multiple offices across the country.
Most Asian currency and equity markets too suffered steep losses due to US rate hike fears.
