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According to the data released by the ministry of commerce and industry, India’s food price index rose 18.32% on annual basis during week-ended Dec 25, substantially faster compared with 14.14% in the week-ended Dec 11. The pace of rising food prices now is once again close to year-ago levels of around 20%. On a sequential or week-on-week basis, the index for food goods rose by whooping by 2.50 % to 192.5 from 187.8 for the previous week due to higher prices of fruits and vegetables (7%) and milk and egg (2%). This was sixth consecutive week of rise in index, suggesting prices were continuing to rise despite expected

After a short weak trend in 2009 due to the global credit crisis, India’s spending on gold has bounced back sharply in 2010. India’s gold consumption (in US$ terms) has risen by almost 100% YoY during the first three quarters ending September 2010 after declining 12%YoY in 2009. Cumulatively, India now holds over 18,000 tonnes of above-ground gold stocks worth approximately US$800bn at the current gold price – nearly 50% of the country’s GDP.

Gold Vs Bank Deposits Vs Equities:
Gold holdings among Indian households at current market value are about 2.5 times

What the F**k does the Title of this Article say ? Well, welcome to the real world – Karnataka – Land of Corruption and Scamsters. I am narrating a real life experience of mine at the office of sub-registrar in Karnataka.

I saw a transaction where the BUYER and the SELLER were counting bundles of CASH which I have never seen in my life. This is how the deal was worked out. The valuation was done at INR X. The Buyer wanted to just pay just 1/4th of the X White [White in the sense, on which he will pay the stamp duty] and the rest is CASH. By the virtue of Karnataka Land Registration Act, all deals below

The Securities and Exchange Board of India headed by Shri C.B.Bhave is taking a laid back approach to prosecute Reliance Industries Chairman, Mukesh Ambani indicted in insider trading in his own Reliance Shares. Information sought on the case has been denied and a shameless response which states that SEBI is not bound by Time to complete an investigation was furnished to us.

Compare this to SEC in the United States – The officials have gone public about the Massive Insider Trading which includes the big names of Wall Street and the report will be released within the next week which has sent markets across the world

State-owned Power Grid Corporation of India has fixed price band for its proposed Follow-on Public Offer (FPO) at Rs 85-90 per share. A 5% discount will be available to retail investors and eligible employees at the issue price on allotment. The FPO worth around Rs 7,600 crore comprises of 84 crore equity shares of Rs 10 each representing 20% of existing paid-up capital of the PSU.