The Great Ganesha

Dow Jones and an India-based company Dharma Investments have created a new financial index that is going to be based on the dharmic principles of Buddhism and Hinduism. No, that does not mean that you can invest in the stock of gods (in which case Ganesha - ahem, ahem! - would certainly be the industry [...]

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This month’s Portfolio magazine has a write-up on Mukesh Ambani, partial heir to Dhirubhai’s empire and India’s richest Indian (the world’s richest Indian being Lakshmi Mittal). Mukesh beats out his brother Anil by a scant $1.9 billion. So close!
The article discusses, amongst other things, Dhirubhai, the Reliance empire, oil refining and more. They spend an [...]

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India is certainly shining in JP Morgan’s eyes. They are looking to increase their presence by hiring another 4,000 desis to work for them. It doesn’t contribute much to the India vs. China debate though, because they’re also looking to hire in China…
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Seems that Wall St. execs can no longer hold “meetings” in strip clubs. Thanks to the lawsuits brought on by female execs…
She writhes and rubs her nearly naked body against as many as seven men, doing “lap dances” for $400 an hour. (The room costs an additional $200 for the hour.) Hart, who once worked [...]

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Chuck Butler, columnist at The Daily Reckoning had some good things to say about the rupee.
There was big news, overnight, about India’s currency, the rupee. Now, a lot of you know that we’ve shied away from the rupee because of its ‘non-deliverable’ status. Well, that could all change in the future, if the stories this [...]

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With the merger of the NYSE with Archipelago, there’s talk that the specialists will now be eliminated as far as trading of ETFs (or Exchange Traded Funds) are concerned.
If you know anything about finance and trading on the NYSE, then you know that the “specialists” are those traders who match buyers with sellers on the [...]

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Chiddy spoke on the budget earlier today. It looks promising. There’s talk about reducing the fiscal deficit, plumping up the infrastructure and significantly increased spending on education and health for the poor (up by 31.5% and 22%, respectively, from last year). The basic response has been positive, but the BBC’s Economic Analyst Paranjoy Guha [...]

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