Global Markets

Foreign currency transaction

If the transaction is carried forward to the next financial year then we will express these monetary items as outstanding items on date balance sheet date with foreign exchange rate for the given date for example foreign exchange rate declared by RBI on 31st march. These processes will continue till the transaction is settled down.

January 1st, 2009 | Shabbir Bhimani | 0 comments | Continued

Bailout rejected

There were reports, that due to this rejection, stock markets all over the world saw a dip of 1.2 trillion dollars in just a matter of 6 hours!!!!! Stockmarkets will go sideways for the next 20 years in real terms like they did between 1935 and 1955.

October 1st, 2008 | Shabbir Bhimani | 1 comment | Continued

Global markets and Indian Impact

Global markets went for a toss after Lehman Brothers filed for bankruptcy and Bank of America decided to buy Merrill Lynch for $44 billion. Lehman Brother’s announced that it is filing for bankruptcy came after all potential buyers walked away.

September 16th, 2008 | Shabbir Bhimani | 3 comments | Continued

The market takes a roller coaster ride

In the world of stocks, market fall on negative developments, they all recover after a period and begin to climb on positive developments. Thus, they follow a cyclical pattern. Other markets too have witnessed such cycles.

September 6th, 2008 | Shabbir Bhimani | 1 comment | Continued

Understanding Gold Investments

Then, in just last few days, the exact reverse occurred. Oil fell to nearly $115 per barrel from a high of $147. Gold dulled almost immediately. Gold prices bounced back on the bullion market here on fresh demand from stockists, on the back of higher advices from the London metal exchange.

August 25th, 2008 | Shabbir Bhimani | 10 comments | Continued

What are penny stocks?

To put it simply, penny stocks are any security available for purchase; however they are not traded on the formal stock exchanges: the New York Stock Exchange (NYSE), the American Stock Exchange (AMEX) or the National Association of Securities Dealers Automated Quotation System (NASDAQ).

August 11th, 2008 | Shabbir Bhimani | 11 comments | Continued

Understanding the energy battle

The Americans have several bases in central Asia, including Afghanistan. The Russians, Nato and Chinese too have established military posts in the region. Even India can claim to have set up an air defense in the region. Even India can claim to have set up an air defense unit in Tajikistan.

August 5th, 2008 | Shabbir Bhimani | 5 comments | Continued

Understanding the present credit market situation

Corporate India is now feeling the “Credit Crunch” This type of environment was seen in the year 1995 – 1996 an now the cycle is repeating itself. Corporates have not yet pressed the panic button but they seem familiar with the signs that are coming towards them. Smart players who have already seen the signs [...]

July 2nd, 2008 | Shabbir Bhimani | 1 comment | Continued

Appreciating risk management

It is a myth to believe that most risks are external. One cannot wait passively for events to happen and risk can thus be ignored till that point. Risk can neither be avoided nor eliminated completely. But without taking risk, no business can grow. If there were no risks, then we would not require managers.

June 22nd, 2008 | Shabbir Bhimani | 0 comments | Continued

Trusting the stock market, the other way

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 …

June 18th, 2008 | Shabbir Bhimani | 0 comments | Continued
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