In February last year, Nokia (NOK) made a late but wise decision of phasing out its proprietary Symbian OS in favor of Microsoft's Windows Phone OS. With the coming together of the two struggling giants, a third force has begun creating its place in the smartphones market. Till now, Google's Android and Apple's iOS have been the dominant players. However, the market remains heavily skewed in favor of Google.
Tuesday, December 18, 2012
Tuesday, October 16, 2012
On Monday, EURUSD closed at 1.2949, 0.03% lower than Friday. Euro continues the uptrend from its support level of around 1.2100 in late July. Greek 10-year yields touched a new low since its last debt restructuring in March this year, falling 47 basis points to 17.58%. The good news is that Greece may not fall through the cracks after all. The latest reassurance comes from the German Finance Minister Wolfgang Schaeuble, who categorically said, “I think, it will not happen that there will be a state bankrupt in Greece.”
Monday, September 3, 2012
Tuesday, March 20, 2012
Finance Minister Pranab Mukherjee indeed had a tough job doing the balancing act between macro economic factors and interests of the masses. However, Budget 2012 has come up particularly hard-hitting for the common man. While overall prices are likely to go up, tax reliefs are not as expected. The incremental cash outflow on account of a blanket hike of 2% in Service Tax and Excise is likely to more than offset the small incremental savings from revised income tax slabs for most income brackets. It is interesting to note that the FM has completely failed to address rising prices and has instead presented an inflationary budget.