Anil Ambani, chairman of the Anil Dhirubhai Ambani Group and a former Rajya Sabha Member of Parliament, was made to wait for over an hour by the Murli Manohar Joshi-led Public Accounts Committee before he was called in for intensive questioning on the 2G spectrum issue. But he was certainly not as frank and candid [...]
Archive for April, 2011
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Cairn-Vedanta deal to come before CCEA on Wednesday
Posted by admin on April 5th, 2011
After securing the views of the Finance Ministry and the Law and Justice Ministry the matter has been listed for the consideration of the Union Cabinet on Wednesday. The matter will be taken up by the Cabinet Committee on Economic Affairs (CCEA) headed by Prime Minister, Manmohan Singh. “The Government has tried to work out [...]
Oil climbs to highest since 2008 on supply concerns
Posted by admin on April 4th, 2011
Oil prices rose to their highest since September 2008 on Monday, with Brent surging above USD 121 a barrel as Nigerian election delays and a short-lived strike in Gabon joined a list of geopolitical supply concerns. Prices rose for a third session on persistently weak volume, with Brent leading gains after news of delays to [...]
5 Options Trading Mistakes To Avoid
Posted by admin on April 2nd, 2011
So many options traders have lost their shirts in options trading that almost all investment advisors would advise you against taking a dip into it. However, options trading continues to be one of the most powerful money making method available to the masses with its leverage and multitude of multi-directional options trading. Its leverage can [...]
Coffee, sugar prices to jump 5-fold by 2014
Posted by admin on April 1st, 2011
Coffee, sugar and cocoa prices will rise five- to 10-fold by 2014 because of shortages that will mean consumers getting “swamped” by food inflation. A lack of farmland and rising costs mean growers will fail to keep up with demand, said Aaron Smith, managing director of Superfund Financial (Hong Kong) and Superfund USA. Commodities account [...]
