Victory for Niyamgiri Hills Tribes: Church of England sells Vedanta shares

Business News This Week: In a significant development in the Vendata's mining project in Odisha (Orissa), the Church of Egland has sold $5.9 million shares in Vendanta resources. The Church of England had invested in the shares of the Vedanta for last six months.  The bauxite mining project by the Vedanta is being protested by the tribes of the Niyamgiri Hills.

According to the media reports, the project in the Niyamgiri Hills is threat for the wildlife in the forest and moreover the tribes will loss their earning from the forest and land. Considering the protests and reportedly violation of human rights, the Church of England has decided to sell its holdings in the bauxite mining project in Orissa by the Vedanta. Even some of the tribes from state of Orissa reportedly protested against the project in Niyamgiri Hills in England. It's certainly a victory sort of thing for the tribes those have been protesting against the project. The pressue on the investors of the proejct is said to be mounting.

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BSE Sensex up 125 points on Saturday Special Trading Session

Business News This Week : The Bombay Stock Exchange (BSE) was seen in green on Saturday, its was ended with around 125 up points. The market sentiments were in favor of the investors those seen a good trading in the special trading session on Saturday. The BSE opened at 15,807.75 points and closed at 15,915.65 points, which is 1.01 per cent. The market performance was satisfactory as it was not anticipated on the special trading session of the BSE. 

There was total trurn over of Rs 140.74 crores in the market. The BSE Sensex was seen highest points at 15,951.07 points in intraday trading and the lowest points were recorded at 15,807.75.points . The total market capitalization on Saturday was Rs 2,421,441.42 crores (Index Full Market Capitalization) and Rs. 1,200,768.58 crores (Index Free Float Market Capitalization). The total BSE Market Capitalization was Rs. 5,810,991.23 crores on Saturday’s trading.

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Will Rise in Oil Price Weigh High on Food Inflation?

Business News : The food inflation is the major concern the Indian economy is facing. There is not  rise in the fuel prices (petrol and diesel prices) in India for around last six months. The price of petrol and diesel may rise any time, provided the government think there is need for it. There is close connection between the fuel prices and food inflation.

Any rise in the fuel prices will have high impact on the food inflation. As the supply of goods depends on the road transportation and less on rail transportation. The rise in fuel price would add extra cost to transporting cost. The transportation of essential commodities by businessmen would not bear  the extra cost but they simply pass it on to the consumers. It is the consumers those bear the ultimate price rise, simply the rise in fuel prices would increase prices of goods and services in an economy.

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Are you investing in Mutual Funds?

Business News This Week: This question comes to mind obvious as the economy once was in the global downturn, but recovering. During the economic slowdown the investment was considered as  a big concern. The business of investment is also down, in other words the market of mutual funds also down. According to media reports, mutual fund assets shed by four per cent in January this year.  

The investors those had good expectation out of their mutual funds but the result might differ. The decrease in the mutual fund assets shows the clear impact of the global  slowdown. The hoarding of money is mandatory, whenever there is business or market is down. The hoardings by individuals or household weigh high on the investments and particularly on the investments involving risk factors. While on the other hand the reserves in bank or deposits in bank go up during such crisis time.

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Milk Price to Soar ?

Business News This Week : After sugar, now soaring milk prices could be new trouble for middle class families. The price of milk in every state may increase, there are chances. With rise in the price of the milk and sugar, the price of all the goods made from these two ingredients will rise. The food inflation is fluctuating but the budget of household is increasing.

The price of the essential foods could be with in reach of the poor families. If the price of milk will rise, may there the matter of some ruppes, but too difficult for the middle class families. The big question here rises, who is going to take the advantage of rise in the milk price. Its obvious, that the money from the pocket of middle class family is moving to the bank or treasure account of a richest person. Rise in food inflation is just widening the difference between the rich and poor in the society. Which is a big sign of economic crisis in the day to come. 

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Sensex in Red on the Day 1 of The Week

Business News This Week: The Sensex on Monday opened with red note. The existing global clues made the stock market red in the opening day of the week. In the early trade, the Bombay Stock Exchange shed 175 points in the early trade. 

The stock market has been reacting to the global clues. The last week of the stock market was however on good track. The up and down along the previous was said to be one of the major reasons for the slide in the stock market on Monday. The National Stock Exchange was declined by 50.50 points. The global worries shattered the stock market sentiments in India. However, this result may be in green as the day passes.

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Aptech Ltd Takes Over MAAC for Rs 76-crore

Business News This Week : Aptech Ltd the major IT trainer and education provider of India, has reportedly acquired Maya Academy of Advanced Cinematics (MAAC) for Rs. 76 crores. Ninad Karpe, the CEO and MD of Aptech's, briefed media over the acquisition in Mumbai to the media persons.

Maya Entertainment Ltd (MEL)is the parent company of MAAC. The acquisition would be advantageous for the shareholder of Aptech Ltd. However, the Aptech has not disclosed about the benefit to its shareholder over the recent acquisition. MAAC has been providing computer education in 3D animation and visual effects. Maya Entertainment Ltd was found in 1996.

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World Economic Forum 2010 Annual Meeting Starts in Davos

Business News This Week : The Annual meeting of World Economic Forum (WEF) 2010 would be one of the important meetings since its foundations on 1971. The annual meeting of the WEF takes place in the end of the January every year. The meeting of 2010, started in Davos.

The world was under the clutches for global slowdown, job loss and insecure capital market. Now it has been recovering. The sign of recovery is slow but satisfactory. It is very important to have discussion over the current economic and political scenario in the world at the annual meeting of the World Economic Forum 2010.

The meeting would discuss about the measures to be taken to check the impact of the global downturn and on the various economies. The member might have some strategic measures which could bring the rapid changes in the economy and may boost the capital formulation. The capital formulations was hit due to the recession and most of the corporates and companies relied on the stimulus packages are being offered by their concern governments. As the meeting progresses, the more clear and concise approaches to deal the recession and job loss, would come to limelight.

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Sensex Slides below 17000 due to Selling Pressure

Business News This Week: The market was down on Wednesday, as Sensex was down below 17000 market due to selling pressure. The RBI is going to review its credit policy on January 29, which said to be the major reason for down fall of the market.

The mojor impact can be seen after the credit policy is done the RBI. With the fear of the changes in the credit policy, interest rate and CRR by the RBI, the market sentiments are big low and there is cascading  effect on the stock in Indian capital market. Investors do take the market sentiments into consideration and the its affects the transfer and velocity of shares purchases.

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