Tag «umesh shanmugam»

The lore of ore – Umesh Shanmugam

The most important commodity after oil deserves more attention than it gets. The development of a process to turn raw earth into steel merits a high spot on a list of mankind’s most ingenious achievements. The metal provides the backbone of skyscrapers, bridges and motorways, and the carapace and internal organs of cars, fridges and …

Govt plans 2% raise in excise duty, service tax

The finance ministry is considering a proposal to raise excise duty and service tax by two per cent to 14 per cent each in the Union Budget for 2013-14. The move is likely to help the ministry collect about Rs 30,000 crore. Certain exemptions may also be rolled back. “It is being debated whether both …

Google This – Umesh Shanmugam

Google has just jacked the whole print media ad business. amazing times we live in nephew. We have played with the numbers a little bit and found an interesting piece of information that nicely illustrates how ad markets have changed in the past decade: in the first six months of 2012, Google raked in $20.8 …

Hollande threatens ‘nationalisation’ of French Arcelor Mittal plant – Umesh Shanmugam

President Francois Hollande said Tuesday that nationalising ArcelorMittal’s plant in northeastern France would be on the table in talks later with the steel giant’s chief Lakshmi Mittal. “The nationalisation is part of the subjects of the discussion,” Hollande told a joint press conference with Belgian Prime Minister Elio Di Rupo, adding that this would apply …

The Three Phases of a Trade – Umesh Shanmugam

The ANTICIPATION Phase: this is where all the left hand chart reading takes place in preparation for the right hand chart battle. It’s the PROCESS that precedes the ACTION to put on a trade. A technical trader anticipates that a past price pattern will repeat again, so he identifies the pattern, locates a current one …

Are You A Successful Speculator ? Umesh Shanmugam

If you never trade, can you be a successful speculator? If you cost average, and are disciplined, are you a successful speculator? If you compound at 50% per year for 10 years, and then lose everything in an afternoon, are you a successful speculator? If you lose everything in an afternoon, and then learn from …