Pregnant women will be able to insure their unborn babies against birth defects and death under a new policy, a report said today.
The insurance company ING has devised a baby policy for women aged 16 to 40 which will deliver payouts of up to $50,000 for babies born with down’s syndrome, spina bifida or a [...]
Fed cuts rates by 75 basis points
(Fortune) — When General Motors closed down a manufacturing plant in Boisbrand, Quebec, a private investment company called Cherokee Investment Partners bought the tainted industrial site.
After Burlington Mills shuttered a textile factory in Mooresville, N.C., Cherokee acquired the property even though it was contaminated by asbestos and toxic chemicals known as PCBs.
And just across the [...]
From CCTV cameras to mobile jammers and perimeter protection equipment, the Indian electronic security market is worth over Rs 1,000 crore.
Last week, when Ram Swarup — owner of a mid-sized auto components firm in Pune — was in a meeting with senior members of his team in the conference room, a cellphone rang and broke [...]
The US stocks recovered sharply from the day’s low following an emergency rate cut by the Fed. The US Federal Reserve cut benchmark rates by 75 basis points to 3.5% an hour before the market opened. The Dow Jones industrial average shed 128 points at 11,972. The Nasdaq dropped 48 points to 2,292.
Indian ADRs ended [...]
Trading was suspended for one hour at the Bombay Stock Exchange after the benchmark Sensex fell to the low of 15,576.30 within minutes of opening, crossing the circuit limit of 10 per cent.
Yesterday, the 30-share barometer tumbled by 1,408 points on concerns regarding the American economy going into recession.
The market opened at 16,884.09 points. At [...]
BENAZIR BHUTTO : BENAZIR BHUTTO Dead
Pakistan’s charismatic leader Benazir Bhutto was assassinated today as gunmen opened fire at her vehicle just before a suicide attack at an election rally addressed by her in Rawalpindi.
The attack killed more than 20 people and left several others injured.
Following Bhutto’s death, a high alert has been sounded in Pakistan. [...]
For Kundapur Vaman Kamath, there is no such thing as work-life balance. “Given the amount of catching up the economy has to do, we need to work 14 hours a day before we can get a life and then think about balancing work and life,” said Mr Kamath, ET’s Business Leader of the Year. In [...]
The other day I was in a Fabindia store near their food counter, trying to resist the temptation to buy their excellent strawberry jam, when a couple of tourists who were browsing their organic grains and spices, turned to me and asked with heavy French accent: “Why iz zere no curry powder?” I told [...]
“Can you increase my salary?” This is a question which is almost a taboo at workplaces in India. However, in China, this is something which one hears often. And it comes from those employees who want to stick around with a company, make a career with it and contribute to its growth. Another [...]
How to build a good equity portfolio?
In today’s booming stock markets a well-constructed equity portfolio is vital to wealth creation. The equity markets in India are generating double-digit returns. Equity returns seem to dwarf the returns generated by all other asset classes. In this scenario the big question that arises is how to capitalize on [...]
It takes $10 million (Rs 39 crore) to be considered wealthy!
A report published by Barclays Wealth, entitled Insights: The True Value of Wealth, reveals that more than a third (35 per cent) of respondents believe individuals need to have assets worth at least $10 million (�5 million) to be considered wealthy.
The report is a global survey [...]
It takes $10 million (Rs 39 crore) to be considered wealthy!
A report published by Barclays Wealth, entitled Insights: The True Value of Wealth, reveals that more than a third (35 per cent) of respondents believe individuals need to have assets worth at least $10 million (�5 million) to be considered wealthy.
The report is a global survey [...]
8 reasons why stock market traders lose money
Many people think trading is the simplest way of making money in the stock market. Far from it; I believe it is the easiest way of losing money. There is an old Wall Street adage, that “the easiest way of making a small fortune in the markets is [...]
Billionaire Mukesh Ambani today became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
Following a strong share price rally on in his three group companies, India’s most valued firm Reliance Industries, Reliance [...]