Private sector banks might increase their lending rate to one percentage point (100 basis points). There is a possibility for many, to increase the rates by one percentage point from July1, 2008. This happened because of the inflationary pressure which has led to an increase of interest rates.

It should be pretty clear after the Iraq incident that United States is playing the oil game all over again but in a different way now. And this is the desperate gamble of a country whose economy is neck deep in trouble.

… Most of them may not be prepared for the consequences of sudden wealth. It has been found through a survey that 35% of lottery winners turn out to be bankrupts within a span of ten years.

Some of the examples are as follows: 1) Five years ago, LG Electronics, its B2b business stood at Rs.50 crore. Now it has become Rs.400 crore division. 2) An air conditioning company, “Blue Star” has targeted airport air conditioning as a major growth area. The firm has bagged 11 airport projects valued at Rs. 68 crore.

We are all aware of the event which happened when Reliance was not able to sell the petrol and diesel at the price that was equal to PSU companies. Several retail outlets of petroleum products within the country had to be closed.

Three friends, Jack, John and Jim, where Jack and Jim holds 100 shares of company xyz. Jack sells his 100 shares to John at Rs. 2,500 when stock market was climbing like anything. After a week …

Open interest in RELIANCE has gone up with rise in prices. Open interest in TATASTEEL has gone marginally down with marginal rise in prices. The gain in OI with rise in price indicates as well as drop in OI with fall in price indicates strength in counters.

If you check, you will notice that Reliance Power has fallen from 450 (275) to 180 and RNRL has fallen from 180 to 86. Reliance Communication’s falls from 840 to 540. This shows that ADAG’s (Anil Dhirubhai Ambani Group) is bad and also Reliance Communications is equally bad like RNRL, REL POWER and others.