Inflation has broken all records, reached on 12.63%
Indian market is getting bad news every week on inflation report point. There are no any reliefs for Indian in inflation. Govt. of India released the inflation data of week closed on 9th August 2008. In between this week inflation has increased up to 12.63%.
Caution is required in trade of equity in these unwanted conditions. Market would see a more deep. Read more
Adhunik Metaliks to raise Rs250-300 crore through IPO
Adhunik Metaliks Ltd, the specialty steel maker will raise Rs 2.5-3 billion through an initial public offering of shares in its mining subsidiary- Orissa Manganese and Minerals Ltd. It will sell 15 per cent stake in Orissa Manganese and Minerals Ltd in the share sale, to part-finance its Rs 11 billion pellet and ferro alloy plants. Read more
Oil India plans IPO in November
Oil India Ltd, state run explorer, plans an initial public offering of 2.64 crore shares shares in November and would file a revised DRHP next month after updating information up to June 30, 2008, according to company official on Tuesday. Read more
Watch CNBC TV 18 – Live online on Internet – Indian Financial TV
Here you can watch CNBC TV 18 channel online and free of cost. The streaming quality is 38 kB/sec. You can view this CNBC TV 18 channel without interruption with this low transfer rate. Read more
Index will move on Crude Oil Price.
Prices have more than doubled in the past 12 months. The International Energy Agency (IEA) is revising future price estimates upwards as we speak.
Indeed, oil is not a hot commodity… it’s THE hot commodity.
And it looks like it’s going to remain that way for some time.
Long-time oilman and current chairman of BP Capital Management, T. Boone Pickens, was recently asked in a 60 Minutes interview when he thought we’d see $1.50 a gallon at the pump again. “We won’t ever see $1.50 a gallon again,” said Pickens. “No, that’s gone.”
It’s tough to disagree.
Emerging markets are rapidly industrializing, and the world demand for oil is expected to increase 54% over the next 25 years, according to the U.S. Energy Information Agency (EIA).
Crude oil prices have been rising steadily over the past three years, and there is fear of potential disruptions in supply. This has created an environment where oil over $110 a barrel is the norm and $150 oil is hardly unimaginable.