Rising
prices in India have always been the ‘run to’ issue for any political group.It
favors everyone except the government. This of course leaving aside the average
Indian who has to spend more.Now that it’s Food Prices which are going through
the roof, the usual round of chatter has begun. Opposition parties accusing the
incumbent government of lackluster action, ineffectiveness and the usual lingo
that anyone in India is used to especially when it’s a battle between political
parties. None of the rhetoric in any case means squat if prices do not come down.
We’ve been harping on rising prices for over a year now, I sincerely hope that
this is not the case a year later as well.
The
recently concluded Copenhagen Summit described by one section of the media as ‘The Last Chance to Save the Planet’ has
been in no uncertain terms a massive letdown and a flop show. Copenhagen was
supposed to be ‘HOPENHAGEN’ and
instead it will be described as ‘FLOPENHAGEN’.
In
this article, I examine the rift between the developed world and the BASIC
countries which came to a head in Copenhagen. I also look at Copenhagen from a
strict Indian perspective and how the Indian government has actually done a good job
at Copenhagen.
Copenhagen
looks like the first straw in a long line of disagreements whilst the world
debates the climate change problem. Copenhagen reminds me of the Doha round of
the WTO talks which I might add is yet to conclude.
Recently I’ve been
hearing a lot about this term ‘Enterprise 2.0’. Not knowing exactly what it is
or why there’s a buzz around it I reached out and caught up with Mark Fidelman of
MindTouch which is an Enterprise 2.0 company.
Read Part 1 of
this very informative interview. I’m sure you’ll enjoy it!
The India Street is delighted to inform you that we have been shortlisted for the Indian Weblog Awards (Indibloggies) for
2008/09.
We’ve
been nominated in the category of ‘Best
Business Indiblog’; the polls for the same have begun and will continue
till the 10th of December.
Our
first reaction to this bit of news is to thank all our loyal readers for your
encouragement and support to TIS received over the years.
Our
biggest award is the fact that so many of you read this blog!
However,
we’d of course also like to win this award.
So
if you feel that The India Street has been of use to you and deserves your vote
as India’s best Business blog then please head on over to this link and cast
your vote for us by clicking this link: http://multivote.sparklit.com/web_poll.spark/21900
All
you need is a valid e-mail Id to confirm your vote and that’s it. No other registration
forms/messy account details needed. It’s really that simple.
Once
again we’d like to thank you all for your support to TIS.As India’s economy
grows we hope to cover its changing face and the role it will play in the world
economy.
The
joke doing the rounds since yesterday is quite cheeky! It goes “Du-bai or not Du-bai that is the question”.
Ha! Quite tongue in cheekish but appropriate all the same. When the markets
open this week that’s the first question that traders and investors the world
over have to answer. In a previous article posted this month titled ‘Signs
Of A Correction’ , I remember ending that post with these words and
I quote straight from the article “A correction around this time is likely to
be a drawn out one. Price wise and time wise unless of course some big event
casts its shadow and spooks the market leading to a tremendous fall.”
The
events related to Dubai and the news that comes out of there this week has the
potential to be that ‘Big event which
spooks the market’. It’s something that can shift the Indian market from
the current bullish gear to a selling, fear driven frenzy.
By
now you must have probably heard that Reliance
Industries has decided to acquire LyondellBasell
also known as the world’s third largest manufacturer of chemicals.It is
refreshing to talk about Reliance in a context which does not involve the
battle of the Ambani brothers in the Supreme Court and news of an acquisition
interest like this is a guaranteed news maker. Reliance has offered Ten billion
dollars to buy LyondellBasell and it is doing so in style. An all cash deal-no
fuss, no tangle. With the pile of cash Reliance is sitting on it’s no wonder
that Mukesh Ambani finds himself the
richest Indian in the world even past steel Czar Lakshmi Mittal in the Forbes List of Indian Billionaires.
In
the past few months a lot of opinions have been thrown around regarding the
rise in the world markets. Compared to last year the markets are definitely
doing better. In India the rise has been phenomenal. From March we’ve been on a
very welcome Bull run. The question which has been asked for quite a while now
has been “When Is This Going to End?”
,there are some traders who are ripping their hair out unable to understand
what exactly is going on, according to many this is a level that both the Sensex
and the Nifty should not be able to sustain.
The
past month has seen some hectic activity in the Indian Telecom Sector. It’s
amazing how a little competition always keeps everyone on their feet. Each
business enterprise looking at the market as if through the eyes of a hawk for
the next big business opportunity .Each company trying to seduce the prospective
customer with its products. India, the future to be world’s largest mobile
telephony market is now going through a massive upheaval. Market leaders no longer
have it easy and with the introduction of the per second billing model,
the competition has only gotten more cut throat.
