MARKET TODAY

 

The market today was bullish because of a sudden buying spree reflecting the positive buying behavior of the foreign indices

BIGGIE: Sterlite inds @176.50@3.9% up

BLOOPIE:Rel Comm @180.45@1.2% down

crunchies:PET MILLIONAIRES

CAN YOU BELIEVE IT? there are pet animals who are mightierly richer than 99% of all the people in the world.still, CAN YOU BELEIVE IT?.Here’s the list

10.Jasper,the Labrador-Doberman

9. Silverstone,the Tortoise

8.Kate & Tina ,Collie crosses

7.Hamish, Boon, Eileen, Coco and Tuffnel,the Cats

6.Trouble helmesley,Maltese-poodle

5.Flossie,Yellow Labrador

4.Luke,Layla,Gracie,OPRAH’S Dogs

3.Kalu,the Chimp

2.Tobie Rimes,Poodle

1.Gunther IV,German Shepard

CAN YOU DIG THAT!

PAYMENT SYSTEM NOT A LEAF IN FACEBOOK

e-bay CEO John Donahoe has said that facebook will not make it’s own payment system challenging market leader PAYPAL.He has further added that paypal’s technology is so hard to replicate as it deal with banks and financial institutions ,creating fraud protection,to any number of challenges.

according to donahoe,it would be a headache for facebook to create it own payment gateway and it is very much unrealistic for them to acheive in a quick time.

PAYPAL, is powering FACEBOOK micro-payments as of now.

RBI TO BE THE BIG BOSS

The RBI has announced today that it would decide upon ways to regulate salaries of top officials and CEO’s of private and foreign bank’s . The hefty packages of these top officials were also termed as one the reasons for the financial turmoil.RBI had proposed to limit annual salary increases of CEOs or wholetime directors of private banks to 10-15 per cent, besides a provision for slashing their remuneration in case of poor financial showing, in its draft guideline.further in the draft of RBI,Bonus should only be given for hiring new staff and be limited only to the first year, the draft had said.

As a matter of fact, the country’s largest private sector bank ICICI’s chief Chanda Kochhar got a remuneration of Rs 1.73 crore in 2009-10, as against market leader and state-run lender SBI chief O P Bhatt’s Rs 26.51 lakh.

source:TOI

“MASTER” CARD

Master Card  Inc’s third quarter profit rose by 15 percent far exceeding market expectations showing the increase in spending of consumers in the period.The company’s share also rose by 4.6%.As said,”The numbers were well ahead of expectations” and illustrated “a fundamental turn in their business,” said Jim Tierney, chief investment officer of W.P. Stewart, which owns MasterCard shares.

The company, which processes credit card transactions but does not lend directly to consumers, makes money every time someone buys something with a credit or debit card.

Chief Executive Ajay Banga, who took charge in July, attributed the good results to an increase in cross-border spending and strong spending growth outside the United States.

MasterCard has relatively few opportunities for growth in the United States, where rival Visa Inc dominates the debit processing market and most consumers already use credit and debit cards.

MasterCard, the world’s second-largest credit and debit processing network, earned $518 million, or $3.94 per share, in the third quarter, compared with $452 million, or $3.45 per share, a year earlier.

Analysts on average had expected $3.54 per share.

but,MasterCard shares rose $11.07 to $250.06 in pre market trading.

MARKET TODAY

The market was highly volatile today before ending flat. the RBI rate hike however had only minimal effect on the market.
BIGGIE: ACC @1,061.85 @4.7% UP
BLOOPIE: DLF @349.20 @3.3% DOWN

UP UP AND AWAY

The oil Prices stopped their sliding and suddenly rose up by 2% to $83.45. the oil prices were not stable and was neither decreasing nor increasing due to the poor performance of dollar . but,suddenly due to the faster acceleration of manufacturing and strong new orders in U.S and CHINA have helped in the momentum of oil prices , the positive news has induced confidence and a surge in demand is expected very soon . this may be the start of yet another bull run for oil. Remember, the last bull run was so fierce that it was followed by a historically huge fall in prices.Hope this run of oil is slow and steady.

 

source:BBC

crunchies:HAVE A SMOKE! HAVE A PAY CUT

Staff at Breckland Council in the eastern English county of Norfolk will no longer be paid for time spent smoking after proposals agreed earlier this year came into force on Monday. This measure is said to be taken to bring fairness for all.
Smokers’ lobby group Forest said everyone was entitled to a break during work and described the plan as “tyrannical,” the BBC reported.
“Many smokers believe having the occasional cigarette allows them to refocus,” a Forest spokesman told the BBC
(certainly they are in focus now!).
The new smoking policy is permanent but will be reviewed in six months, the council said.

source:Reuters

LETS SELL DRUGS

As the popular quote
“Anything is legal if 100 businessmen decide to do it”.
Now, still 88 more to go to legalize selling of marijuana,ganja,weeds,etc..,. the list of 12 businessmen who readily wanna sell it are biggies like ted turner(CNN), richard branson(virgin group),peter lewis(progressive insurance),sean parker(facebook),Dustin Moskovitz(facebook). these are only the famous few among the list consisting nobel award winning economist.hope, there wont be any price wars in this industry(if it gets to be legal).these business biggies have not only just supporting by their voices but also by their wallets. they are spending a fortune in supporting the movement.

ADIEU.PONTIAC.

Once the most decorated car Brand and was a pride to own one the”PONTIAC” which reached a pinnacle in car industry by becoming one of the first brands to sell over 1 MILLION cars in1968 and regarded as a pioneer in the production of muscle cars is set to say good bye . The 84 year old brand which was once famous for it’s high speed engine and it’s muscular built was acquired by GM , which after filing bankruptcy owing to financial meltdown has decided to kill the Brand . the brand even before GM’s fiscal crunch was failing after a poor makeover of the brand from it’s most famous muscular built to a professional one and was already on a decline and we believe it was better late than ever for GM to kill the brand which has lost it’s shine.so, “aye aye aye GOOD BYE for PONTIAC”