Category Archives: Global Market

Sgx-Nifty Direction for 11 may Now 123 Pts Minus, Yes if Trade Below 7800, then Don’t Panic, Around 10:15 To 10:45 Will Seeeeee SHARP U TURN… ON CARD, jai ho!!!

u-turn

SGX-NIFTY

Yes Now trading @  Below 7800,  Yes What To Expect?????????????
Our Crucial Support @ 7747_______7727

Yes Don’t Panic @ Lower Level,
From 10:45 Will Seeeeeeeeeeeeeeeeeeeeeee SHARP   U TURN…. PANIC Only FOR
First Hours…!!!

Upside Will Seee LEVEL, 7830________7856_______7870 Level, !!

Updated At 8:10 Am 11/May/Delhi/India

Bajaj Elec fast-tracks delayed tower units

    Bajaj Electricals is looking to fast-track completion of transmission line tower (TLT) projects which have run into significant time and cost overruns and are hurting the performance of its engineering and projects (E&P) division.

Hit by the delays, the E&P segment’s revenues for the quarter ended September 30 fell 22.5% at `132.71 crore.

Shekhar Bajaj, chairman and managing director, Bajaj Electricals, told DNA Money, “We realised that until we don’t complete the site and hand it over, we would not get our last payment and the retention money does not come by as well. Therefore, we decided to work on the sites and close as many as possible,” he said.

As on April 2011, Bajaj Electricals had 24 active TLT sites.

While some of them have been closed in the last fiscal, about nine sites will be closed this fiscal, the company said.

“We are hoping that by the end of March 2013 we should be able to bring the overall number down to six sites and begin the next fiscal on a positive note,” said Bajaj, adding that another five will be completed by September.

Some of the recent orders, Bajaj said, offered reasonable margins and are more profitable in the long run.

In the fans business, it is looking to strengthen itself in the premium segment in which it has been going slow for sometime.

Anant Bajaj, joint managing director, Bajaj Electricals, said, “We are introducing a range of premium products which will add significantly to our sales in the coming quarters.”

With the subsidised gas cylinders per household coming down to six a year, the firm sees huge opportunity for its induction cookers. “Last year induction cookers registered sales of `100 crore and we are looking at `150 crore this fiscal,” said Bajaj.

The company reported 7.8% year on year growth in net profit for the second quarter at `26.92 crore, while net sales rose 4.7% to `733.81 crore. During the quarter, lighting and consumer durable segments achieved total revenue of `201.65 crore and `398.69 crore, respectively.

Nifty Future Direction for 04 JAN, Yes exit from long. HURDLE zone @ 8030______8070 ,Something will come, Big On This level, yes, Trade With Levels.

Nifty-34

YES LAXMAN REKHA HURDLE ZONE 8030_________8070

Yes Exit from Long Between These Levels.
Be Caution @ higher Level,

DON’T EXPECT MORE TEJI. Our Mantra Only SELL SELL SELL SELL SELL SEL
nifty-3 jan

Yes Go Short Between 8030____8070 Level, Our Laxman REKHA ZONE

Go Short & Relax !!!

Yes Start Selling Between These Levels 8030_8070 in Tons & Relax
Lower Targer_7870_7830 Level, will Come

Updated At 9:00 Am 4/jan/Delhi/India

Dow-Zone :Above 16680 , Will Zooooooooooooom to kiss 17086______17180, But Be Caution @ higher Level, JAI HO!!

dance-obama

On 11 Sep, We boldly Updated That our Crucial Suport @ 16200, Yes not Breaked
& Taken U TURN, In UPSIDE We Clearly mentioned that

Our  16680

CLICK HERE

Commodity tips

Already Updated That Above 16680  Will Come Fresh Buying  & Yes Will Zoooom 17086_______17178

Yes Between These Level,  Lion Heart Trader Can Go Short  & Relax !!!! Thereafter One Sharp panic Will Come…

Updated At 1:40 pm 17/ Sep /Delhi/India

Dow-Zones :   Our Laxman Reha 18276, Yes, Lion Heart, Trader, Take Small Risk & Go Short, 

Yes As Expected,  Taken U Turn From Our Support Level, 18753_______18690
Now Standing On Near Our Laxma REKHA ZONE

18230____18276 Level, 

Yes, Fresh Round Of teji, Only Once Cross, of 18276 Level, & Stay With 
Volume, Then We Seeeeeeeee

Big Blassssssst Upto_______18570____18630 Level !!!

YES  LION HEART TRADER CAN TAKE RISK & GO SHORT !!

Updated At 10:30 Pm 11/MAY/Delhi/India

Russia Needs McDonald’s and Coca-Cola, Kudrin Says

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 Former Russian Finance Minister Alexei Kudrin has leaped to the defense of McDonald’s and Coca-Cola after a senior lawmaker suggested that they leave the Russian market because of Washington’s clash with Moscow over Ukraine.With Russia already set to enter deep recession this year, Kudrin slammed the proposal as economic self-harm.

“If high-tech U.S. companies limit their supplies because of political pressure from a few deputies, it will really hit Russian industry,” tweeted Kudrin, who served as the country’s finance minister between 2000-2011.

Kudrin’s comments came after Alexei Pushkov, the head of the Russian parliament’s foreign affairs committee, tweeted on Thursday: “Don’t McDonald’s and Coca-Cola want to support [U.S. President Barack] Obama’s sanctions and rid us of their products? They would stick to principles and we would be healthier.”

The U.S. imposed sanctions on Russia last year for its support of separatists in Ukraine, prompting counter-sanctions from Moscow and resurgence anti-American sentiment. The sanctions, combined with a fall in the price of Russian export oil, have paralyzed the Russian economy.

Kudrin on Friday condemned Pushkov’s comments, saying the withdrawal of the companies would harm the local workforce and domestic suppliers.

“It seems Mr. Pushkov does not know that 85 percent of raw produce delivered to McDonald’s comes from more than 160 Russian companies,” Kudrin said on Twitter.

He added in a separate message: “Coca-Cola buys more than 75 percent of its raw materials in Russia. Thousands of people would be left without jobs — a great anti-crisis program.”

Coca-Cola and McDonald’s both have large businesses in Russia with outlets and infrastructure across the country. Both companies saw sales growth in the country slow in 2014.


Updated At 11:20 Am 8/MARCH/Delhi/India

Russians to Spend More Than Half of Their Income on Food

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  Soaring inflation and a reduction in real wages could have Russians spend half of their income on food by the end of this year, a news report said Monday.A survey of Russian retail prices by VTB Capital cited by business daily Vedomosti predicted spending on food could account for between 50-55 percent of household income by the end of 2015, up from 40 percent last year.

Inflation and a reduction in real wages, linked to the devaluation of the ruble, are to blame for the predicted hike in food expenditure, the report said.

The ruble has been hit hard by a global drop in the price of oil and Western sanctions against Moscow for its involvement in Ukraine.

Inflation on food products hit a high of up to 22 percent in February, but this figure is expected to stabilize in the second quarter and will hover around 9.6 percent by the end of 2015, Vedomosti cited the VTB analysts as saying.

Food price inflation has been compounded by a drop in the value of Russians’ real wages, which are expected to decrease 6.8 percent year-on-year by the end of 2015, the report added.


Updated At 10:40 pm 2/March/Delhi/India

How to Balance Spending and Safety in Retirement

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Every retirement withdrawal method has its pros and cons. Understanding the differences will help you tap your assets in the way that’s best for you.You’ve saved for years. You’ve built a sizable nest egg. And, finally, you’ve retired. Now, how do you withdraw from your savings so your money lasts as long as you do? Is there a technique, a procedure, a product that will keep you safe?

Unfortunately, there is no perfect answer to this question. Every available solution has its strengths and its weaknesses. Only by understanding the possible approaches, then mixing them together into a personal solution, will you be able to move forward with an enjoyable retirement that balances both spending and safety.

Let’s start with one of the simplest and most popular withdrawal approaches: spending a fixed amount from your portfolio annually. Typically this is adjusted for inflation, so the nominal amount grows over time but sustains the same lifestyle from year to year. If the amount you start with, in year one of your retirement, is 4% of your portfolio, then this is the classic 4% rule.

The advantages of this withdrawal method are that it is relatively simple to implement, and it has been researched extensively. Statistics for the survival probabilities of your portfolio, given a certain time span and asset allocation, are readily available. This strategy seems reliable—you know exactly how much you can spend each year. Until your money runs out. Studies based on historical data show your savings might last for 30 years. But history may not repeat. And fixed withdrawals are inflexible; what if your spending needs change from year to year?  

Instead, you could withdraw a fixed percentage of your portfolio annually, say 5%. This is often called an “endowment” approach. The advantage of this is that it automatically builds some flexibility into your withdrawals based on market performance. If the market goes up, your fixed percentage will be a larger sum. If the market goes down, it will be smaller. Even better, you will never run out of money! Because you are withdrawing only a percent of your portfolio, it can never be wiped out. But it could get very small! And your available income will fluctuate, perhaps dramatically, from year to year.

Another approach to variable withdrawals is to base the amount on your life expectancy. (One source for this data is the IRS RMD tables.) Each year you could withdraw the inverse of your life expectancy in years. So if your life expectancy is 30 years, you’d withdraw 1/30, or about 3.3%, in the current year. You will never run out of money, but, again, there is no guarantee exactly how much money you’ll have in your final years. It’s possible you’ll wind up with smaller withdrawals in early retirement and larger withdrawals later, when you aren’t as able to enjoy them.


What if you want more certainty? Annuities appear to solve most of the problems with fixed or variable withdrawals. With an annuity, you give an insurance company some or all of your assets, and, in exchange, they pay you a monthly amount for life. Assuming the company stays solvent, this eliminates the possibility of outliving your assets.

Annuities are good for consistent income. But that’s also their chief drawback: they’re inflexible. If you die early, you will leave a lot of money on the table. If you have an emergency and need a lump sum, you probably can’t get it. Finally, many annuities are not adjusted for inflation. Those that are tend to be very expensive. And inflation can be a large variable over long time spans.

What about income for early retirement? It’s unwise to draw down your assets in the beginning years, when there are decades of uncertainty looming ahead. The goal should be to preserve net worth until you are farther down the road. If your assets are large enough, or the markets are strong enough, you can live off the annual interest, dividends, and growth. If not, you may need to work part-time, supplementing your investment income.

Every retirement withdrawal technique has drawbacks. Some require active management. Some can run out of money. Some don’t maintain your lifestyle. Some can’t handle emergency expenses or preserve principal for heirs. Some may be eroded by inflation.

That’s why I believe most of us are going to construct a flexible, “hybrid” system for living off our assets in retirement. We’ll pick and choose from the available options, combining the benefits, while trying to minimize the liabilities and preserve our flexibility.

Darrow Kirkpatrick is a software engineer and author who lived frugally, invested successfully, and retired in 2011 at age 50.

                        Updated At 12:50 Pm 1/MAR/Delhi/India



West Must Hurdle Internal Corruption and Bureaucracy to Rebuild Ukraine

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 BRUSSELS/WASHINGTON — Western powers are preparing what they say may be their most potent weapon against Moscow’s interference in Ukraine — a multi billion dollar aid package to rebuild a near-bankrupt state and realize the European dream cherished by many Ukrainians.There is just one problem: Foreign governments and international financing institutions are not willing to pour money into a dysfunctional state. Only this week the businessman brought in by the new authorities to clean up the tax service was himself suspended pending a corruption inquiry.

Donors say the former Soviet republic, crippled by war and corruption, is unable or unwilling even to identify how many roads, power plants and schools its 45 million people need, let alone meet new European standards for farms and factories.

“There’s strong resistance because many people in various ways benefited from the old, inefficient and largely corrupt system,” said Kalman Mizsei, the head of the EU’s advisory mission to Ukraine.

Ukraine is one of the world’s most corrupt places, ranking as 142 out of 175 in Transparency International’s corruption perception index. By some estimates, the shadow economy accounts for up to 60 percent of economic output.

In a telling remark as he suspended tax chief Ihor Bilous on Tuesday, Prime Minister Arseniy Yatsenyuk complained that while the agency’s honesty improved after the Maidan protests ousted the old regime, it had gone back to working “like it always did.”

Despite the zeal of Ukrainian President Petro Poroshenko and his new, U.S.-born finance minister, stabilizing the economy with the help of the International Monetary Fund is only the start.

Beyond the finance ministry, where not only IMF but German, Canadian and Polish experts help manage debt and the budget, neglected government departments have few computers or staff with language skills to communicate with foreign advisers.

“The public administration needed to run a state is simply not there,” said one Western donor consultant working in Kiev, who described mid-level bureaucrats responsible for implementing projects as “ineffective, demotivated and underpaid.”

Another EU consultant described how he tried in December to help a Ukrainian official establish how many state-funded schools there were in the country. They never reached an answer.

The situation also risks being exacerbated by donors such as the European Union, Norway and Canada who, wary of money being misspent, insist on being seen as ‘investors’ seeking a comprehensive ‘roadmap’ from Kiev before a donors conference can be held in April.

“We have to avoid a bottomless pit. We want to have a precise plan,” said European Commissioner Johannes Hahn, who is responsible for the EU’s neighborhood policy. “I can’t rely on announcements that something will happen by 2015, 2016.”

Asked about overcoming corruption and modernizing the bureaucracy, Ukraine’s Finance Minister Natalie Jaresko said Kiev needed more time: “It’s something that starts at the top and has to permeate,” she said. “It’s a longer-term challenge.”

A $65 Billion Offer?

Offers of assistance reflect the West’s determination to pull Ukraine out of Russia’s sphere of influence and bring it into the fold of European nations, encouraged by protesters who toppled the pro-Moscow president Viktor Yanukovych a year ago.

How much money is available is not crystal clear. For budget support, Ukraine has agreed a $17.5 billion program with the IMF, plus up to $7 billion from the European Union, the United States and the World Bank. Ukraine also expects $15 billion to come through debt restructuring.

Ukraine has received pledges of loans and loan guarantees from the likes of the EU, Switzerland, Japan and Canada of some $10 billion. A donor conference in Kiev could raise another $15 billion, the EU’s Hahn has estimated — though it is far from clear when donors might be ready to made pledges.

That figure cited by Hahn would give a total of $64.5 billion in aid, making it one of the world’s largest international assistance programs in recent years.

Aid efforts are also linked to preparing Ukraine for a trade agreement with the EU, a deal that lies at the center of the stand-off with Russia because Moscow wanted Kiev to join its Eurasian customs union.

Under that agreement, Ukraine will have to lift its standards to sell its poultry, dairy and meat products to EU consumers. The 500 million euros that the deal would save Ukraine in cuts to EU import duties depend on those reforms.

But without some kind of breakthrough on how to spend the money, officials say privately that the donor aid is wishful thinking because development banks need projects to be proposed to them, as well as to attract bids from companies for the work.

Investors have so far mostly come into Ukraine on only the safest, private-sector projects, or municipal projects backed by a city’s budget.

“Ukraine needs to reform its judiciary. Companies dread going to court in Ukraine,” said an official at a development bank. “The chances of them losing a case is 99 percent because the judiciary is in the pocket of whoever is in power.”

According to a new study by insurer Willis Group Holdings and consultancy Oxford Analytica, firms are likely to lose more money in Ukraine over a 10-year period than in Venezuela. It is only a slightly safer bet than North Korea.


Updated At 11:19 Am 28/FEB/Delhi/India