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Saturday, Nov 21, 2009
 
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T N Ninan: Think the future21-NOV-09
The time may have come for India to stop thinking of five-year plans, and to focus instead on 10- and 20-year scenarios. Long-term scenario-building achieved a new level of popular awareness when Goldman Sachs came out with its Brics report, in 2003 — positing that India and China would become two of the three largest economies in the world in the space of roughly one generation. Since that eye-popping statement, the story about the rising economies, and of shifting power balances, has become the stuff of everyday journalism. But, as yet, most people are only dimly aware of what transformational change will come to mean.
Large shareholders ask Goldman to reduce bonus pool20-NOV-09
Financial service provider Goldman Sachs Group Inc's shareholders have asked the company to cut the size of bonuses to be paid to executives and reward them instead, a media report says.
Moody's may cut Goldman debt rating20-NOV-09
Debt sold by Citigroup Inc, Goldman Sachs Group Inc and JPMorgan Chase & Co is among the $450 billion of securities that Moody’s Investors Service said it may downgrade.
Gold, silver retreat from record highs20-NOV-09
Both the precious metals, gold and silver retreated from its overnight record highs on the bullion here today due to reduced off-take from stockists and retailers at higher levels. Weak overseas sentiment too weighed on the domestic market. Meanwhile, standard gold conquered yet another historic high at Rs 17,220 per ten grams in early trade. Silver ready (.
Grin and bear it20-NOV-09
Goldman Sachs: Only time, not public relations, will restore Goldman Sachs’ old aura. Its $500 million plan to support 10,000 US small businesses alongside Warren Buffett is praiseworthy. But some $17 billion in accrued pay for nine months of work and continuing rumblings of bailout favouritism risk making it look nothing but a PR gesture.
Third quarter gold demand halves20-NOV-09
India’s gold demand fell 49 per cent in the third quarter of the current calendar year due to high prices and a poor monsoon that hit consumer spending.
Gold Q3 demand dip by 49%: WGC19-NOV-09
Demand for gold waned by 49 per cent in the third quarter this year over the corresponding period last year, thanks to a surge in its prices, the World Gold Council (WGC) said today.
Gold refineries reduce capacity use by 40%19-NOV-09
Hit by poor availability of scrap, expensive raw gold imports.
Correction in gold price soon, say observers18-NOV-09
Blaming a rush of investor-buyers for pushing gold price to over Rs 17,000 level, market experts see the yellow metal getting cheaper by about Rs 500 per 10 gram by next week on profit-booking.
Goldman on $500-mn drive to support small businesses18-NOV-09
Financial services firm Goldman Sachs has started a $500-million initiative to support small businesses across the United States, with legendary investor Warren Buffett as an adviser.
Gold climbs another peak at Rs 17,37018-NOV-09
Gold today conquered yet another peak at Rs 17,370 per 10 gram in the bullion market here as jewellers continued their buying spree for the ongoing marriage season amid a firming global trend.
Gold futures at new high on Asian cues, weak dollar18-NOV-09
Continuing a record-breaking performance gold climbed to hit yet another high of Rs 17,075 per ten gram in futures trading on the Multi Commodity Exchange after surging to a record level of $1,143.95 per ounce in Asian trading on hopes of a weak US dollar.
More bang than bubble18-NOV-09
Gold: Gold is different from other commodities in many ways. Still, the price of the yellow metal depends on the same three factors as oil or wheat: supply, demand and financial conditions. Put them together, and the 20 per cent increase since August might only be the beginning.
Gold, silver hit new historic highs18-NOV-09
Both the precious metals, gold and silver, surged to new historic peaks on the bullion market here today, triggered by a wave of buying by stockists supported by firming of prices in Nymex.
Sanjay Dalmia asked to appear before EOW17-NOV-09
The Bombay High Court has asked Delhi-based businessman Sanjay Dalmia to appear before the Economic Offences Wing (EOW) here in connection with a complaint of cheating filed by Indiabulls Financial Services.
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