Surge in Gold Buying India which is the second largest buyer of gold in the world saw a massive jump in gold ETF trading on the auspicious Hindu holiday of “Dhanteras”. It is considered lucky to buy gold /silver on this day and most Hindu families buy gold on this day. The buying preference of […]
Infrastructure: The roots of growth for emerging markets “When you don’t invest in infrastructure, you are going to pay sooner or later“ – Mike Parker Infrastructure, in general, defined as the set of interconnected structural elements that provide framework supporting an entire structure of development. A well-knit and coordinated system of transport plays an important […]
HSBC’s Wealth & Personal Banking division Closes India’s largest distributor of Mutual Funds HSBC has closed down its wealth and personal banking division due to growing customer backlash. Note Asset Management Companies in India are poor performers charging very high expense fees. They mainly depend on distributors to sell mutual funds to retail investors who […]
Wind energy, with an average growth rate of 30%, is the fastest growing source of renewable energy (RE) in the world. India has long played an important role in the world’s wind energy market and is the fifth largest wind power producer in the world (Source: Indian […]
Given the government’s attention, solar power is expected to increase substantially in future. The Twelfth Five Year Plan targets to add 3800 MW of solar power. Accordingly, the fund requirement for solar projects in the plan is expected to be Rs 49,400 crore. The Thirteenth Plan targets an addition of 16,000 MW of solar power. […]
Industries in Tamil Nadu are looking to invest in solar panel arrays for their factories and offices as the Government has made it mandatory for HT customers to buy/generate solar power for 3% of their requirements in 2013 which will go up to 6% by 2016. While some companies are complaining about the high cost […]