Tag «umesh shanmugam»

Ratan Tata farewell letter asks for dedication from staff, says difficult environment just a passing phase – Umesh Shanmugam

As he exits India’s leading business conglomerate, Tata group Chairman Ratan Tata today said India’s difficult economic environment will most likely continue in the next year but its growth will be reestablished after the present ‘passing phase’. Tata, who turned 75 today and retired after half-a-century run in the organisation, 21 years of it as …

Iron ore prices hit eight-month high – Umesh Shanmugam

Iron ore prices hit an eight-month high on Thursday, prompting one of the world’s biggest miners of the commodity to announce it would resume the multibillion dollar expansion it put on hold in September when prices crashed. Fortescue Metals Group, the Australian miner founded by billionaire Andrew Forrest, said the company would resume work to …

Long Term View Of Gold – Umesh Shanmugam

The shiny yellow rock is like the Sybil of the investment world. It has at least seven personalities. Some see it as an inflation hedge. Others a currency. Some see it as a fear gauge and still others see it as a luxury retail item. So which is it? All of these and then some. …

SPY,Dollar Index and Gold charts – Umesh Shanmugam

We have seen a bug run up in stocks this month and things are looking a little long in the teeth. A large number of stocks are trading above their upper Bollinger band and the broad market is testing that key resistance level also. Typically when a Bollinger band is reached we see price reverse …