By Aditya Rao

For a sport that is played by just 12 countries on a regular basis, the amount of money it generates is simply phenomenal. Cricket is no longer about being that elitist sport played by the members of the East India company.

It’s about cash, plain and simple and when it comes to that India runs the show.

By Dhruva Jyoti Chowdhury

Kolkata, India: The real estate giant are now coming up with a bang. DLF has got the nod from Securities & Exchange Board of India (SEBI) for its Initial Public Offering (IPO), which is expected to raise a record Rs 13,600 crore.

If all goes well, DLF’s market capitalisation is expected to be around Rs 1,05,00 crore, equivalent to $25 billion, which will place DLF at seventh position in market capitalization rankings in the world. And after the IPO, DLF Universal’s promoter KP Singh will be among the richest Indians.

It appears a race for India’s next airport is on. While Hyderabad has an opening date of April 2^nd, 2008, the new Bangalore International Airport at Devanahalli has just announced their opening will be March 28, 2008. Thus in a time span of only a few days, two major airports will be opening for the first time in the country since the Kochi airport in 1999.

Indices record new highs; but it’s time to be cautious

Sundaramurthy Vadivelu

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On September 18, the US Fed Reserve cut the key interest rate by half percentage point and many Asian markets were reacting sharply to this news.

Indices break records; no respite yet for the bulls

Sundaramurthy Vadivelu

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The Nifty closed at 4464 on August 31, losing 64.85 points or 1.43% last month. The long lower shadow indicates that the lower side volatility was high i.e. attempt was made to push the index down but the bulls managed to close it near the open.

By Vipin Agnihotri

Indian government may minimize custom duties on number of items to keep inflation below 5 percent. Finance Minister P Chidambaram, while talking to The India Street said government was ready to take further fiscal steps to control inflation and keep it below 5 percent.

The Sensex has plummeted during the course of this week. Last year, the benchmark stock index jumped 47%, with widespread enthusiasm over the prospects of the Indian economy. Was this only overconfidence that led to a stock market bubble that is now bursting or will the Sensex rise like a phoenix?

The Steel Industry across the world is in a dilemma. Estimates show that the demand for steel has gone down not because there is no need for it but rather because the feeder element of the steel industry has been capped. As an industry, steel sales are directly influenced by companies which require it for their purposes. When these companies as part of an industry are themselves experiencing a tough time, then they put projects on hold. It’s this that the steel industry has recognized as the fundamental reason it’s started to experience a downturn.

Seven Hundred And Eighty Seven Billion Dollars ($787 Billion) has been the amount of money that has been poured by Barack Obama and his new economic team into the US economy. It’s an unprecedented stimulus package in an unprecedented time. Barely minutes after Barack Obama signed his first stimulus package into law, had the American bourses on Wall Street shrugged of the development as though nothing had happened. The Dow Jones had once again closed in the red despite the massive amount. The precedent for the rest of the world a day later has been observed. Here in India Dalal Street is wondering if the 9000 level on the Sensex that has been so difficult to maintain will be broken into the 8000 levels. It could happen in just one trading session.