World Food Program Replaces Banks with Blockchain

International officials are discovering they can sometimes avoid bank fees by replacing currency transfers with the technology at the heart of Bitcoin. The World Food Programme is expanding its blockchain-payments system, said Robert Opp, a director of the United Nations effort that feeds as many as 100 million people across 80 countries. The agency expects…

How To Short A Stock & Make Money

To a novice investor, short selling sounds like one of those sophisticated, mysterious techniques that professional traders use to rob others blind. In reality, anyone can short a stock and make a profit if the stock drops in price.Short selling can be a powerful tool in your investment toolbox, but you need to understand the…

Venky’s to buy Blackburn Rovers

Blackburn have edged closer to opening up a new frontier in English football by becoming the first Premier League team to have Indian owners. The club confirmed that talks with the Venky’s conglomerate over a £46million deal are close to conclusion and a takeover should be completed next month. The price includes £25m to buy…

Is Coal India, Reliance Power Reloaded?

The BSE Sensex was around 18000 when Reliance Power came out with its IPO in February 2008.  The crash that followed the listing brought the markets down to around 8000.  It was the bloodiest bloodbath i ever experienced as an investor in the market.  I took that opportunity to buy a lot of good companies…

Nano to launch today

Tata Motors said it will launch its ultra-cheap Nano car in Mumbai on Monday — a vehicle meant to herald a revolution by making it possible for the world’s poor to purchase their first car. But few predict the snub-nosed Nano will be able to turn around the company, which has been beset by flagging…

Satyam’s pack of lies crumble

The Satyam mountain of lies crumble in face of evidence.  As per Ramalinga Raju, a big 4 consulting company had advised the management on the Satyam-Maytas deal.  All the top 4 consulting firms (Pricewaterhouse Coopers, Deloitte, Ernst & Young and KPMG) have now denied being a part of the deal. Satyam’s valuation of unlisted Maytas…

Marc Faber’s prediction comes true

In February, Marc Faber in an interview with CNBC-TV18 predicted that the Indian market (BSE) was on a bubble and that it would fall to 14000 – 12000 (the market was around 18000 then).  What a fall it has been since.  We have already touched 8000, though the markets have slowly inched upto 9500, we…

Marc Faber’s comment on the US economy

The federal government is sending each of us a $600 rebate. If we spend that money at Wal-Mart, the money goes to China. If we spend it on gasoline it goes to the Arabs. If we buy a computer it will go to India. If we purchase fruit and vegetables it will go to Mexico,…

Blog anniversary & Weekend movies

In the whole mess, i forgot something.  On 24th June 2008, i completed 4 years of blogging.  In this period, I moved from Fullhyderabad to Rediffblogs to WordPress.  Never thought i would survive so long.  So ya, iam amazed at my perseverance (if at all this does count).  I have no intentions of stopping even…

Joy Alukkas to open world’s biggest jewellery shop in Chennai

The world’s favorite jeweller opens the world’s biggest jewellery showroom in Chennai, India. With over 70,000 sq. ft of premium jewellery shopping in the heart of Chennai, Joyalukkas jewellery offers consumers more than a million exquisite jewellery designs from master jewellers in India, Bahrain, Turkey, Singapore and Italy. With the opening of the first showroom…

Yahoo! Launches New Lab in Bangalore, India

Yahoo! Inc, a leading global Internet company, announced the expansion of its India R&D operations with the launch of Yahoo! Labs – Bangalore, its first in India. Dr. Rajeev Rastogi has been appointed as vice president and head of the new lab. Yahoo! Labs – Bangalore will be a center of excellence for next generation…

Gulf Finance House to invest USD 10 billion in Mumbai SEZ

In a significant move signaling its continued commitment to the rapidly growing Indian economy, Gulf Finance House, yesterday signed a wide ranging agreement with the Government of Maharashtra to facilitate the creation of one of the largest development projects in the state – a state-of-the-art Economic Development Zone – just outside Mumbai, the country’s financial…