Indian Stock Market :Most Expensive in BRIC Pack

The Indian market is more expensive than its peers among emerging countries, with indices tracking these nations showing a lower multiple of earnings than India. The Morgan Stanley Capital International (MSCI) India index is trading at a price-to-earnings multiple (or P/E) of 17.72, according to Bloomberg data. This means that investors are valuing it at nearly 18 … Read more Indian Stock Market :Most Expensive in BRIC Pack

Rail Budget Highlights

Railway Minister Mallikarjun Kharge presented the interim rail budget for the next fiscal Wednesday with no hike in fares or freight, introducing 72 new trains and connectivity to two more northeastern states. In what was his personal first and the last such exercise in the 15th Lok Sabha for the United Progressive Alliance (UPA) government, … Read more Rail Budget Highlights

Janet Yellen: Fed To Stay The Course On Taper

Janet Yellen, in her first speech as new Fed chair “stayed the course” on the Taper: *YELLEN SAYS FOMC LIKELY TO CONTINUE QE TAPER IN MEASURED STEPS *YELLEN SAYS RECOVERY IN LABOR MARKET IS `FAR FROM COMPLETE’ *YELLEN SAY FED TO `CONTINUE TO MONITOR FOR EMERGING RISKS’ *YELLEN: MAIN RATE LIKELY TO BE LOW WELL … Read more Janet Yellen: Fed To Stay The Course On Taper

October 17 “Debt Deadline” Could Be Breached Even With A Last Minute Deal

With two days to go to until dreaded October 17 D-Day (on which incidentally, very little of note will happen, because as Goldman explained earlier today, that is simply the date past which the Treasury can no longer borrow, but still has some $30 billion in cash which could last to fund the Treasury’s needs … Read more October 17 “Debt Deadline” Could Be Breached Even With A Last Minute Deal

“No Deal” – Boehner Says Obama Rejects Proposals, Not Negotiating; Talks At An Impasse

After a two-day, five hundred point Dow Jones rally on nothing but hope that just because politicians are talking, all shall be well, it was the weekend’s turn, when the market is conveniently closed, for true Congressional colors to emerge. Sure enough, moments ago Boehner told GOP lawmakers that Obama has “rejected our deal”, and … Read more “No Deal” – Boehner Says Obama Rejects Proposals, Not Negotiating; Talks At An Impasse

How US government shutdown is affecting citizens

Science was put on hold, normally bustling stores went quiet and families depending on government aid feared losing their baby food as a government shutdown rippled across the country. The budget impasse in Washington shut all but essential U.S. government services for the second straight day on Wednesday, while neither political party appeared willing to … Read more How US government shutdown is affecting citizens