Gold falls 20% in last month!!

Gold was about $973 per ounce (  that is Rs:14,700 per 10 grams) on 21st July 2008 and currently it is  $793 per ounce!! That is Rs: 12,032/- per 10 grams! So a fall of about Rs:2,700 in just one month!! That is about 20% down in just a month! See the graph to realise the way [...]

Financial Term Of The Day- Joint Stock Company.

 Joint Stock Company:  An organization that falls between the definitions of a partnership and corporation. This type of company issues stock and allows for secondary market trading; however, stockholders are liable for company debts. This is a type of company that has access to the liquidity and financial reserves of stock markets, but also has [...]

Software firm-Persistant Systems going for an IPO

IT companies are doing bad…oops..thats not true! A better sentence would have been IT stock prices have come down drastically. The rise of rupee was reason for that and now this is an old news. Currently the exchange rate of dollar/rupee is around rupees 42, increased from 39 - which is actually good for IT [...]