With 35.5 percent votes, Wi-Fi has beaten Sky+, Sat Navs, iPods and Blackberries to win the poll conducted by a leading gadget magazine.

In the survey by ‘Stuff’ magazine, the readers were asked to choose the greatest technological innovation of the past ten years.

More than a third voted for Wireless Internet.

SKY+, the personal video recorders (PVR) by Sky, at the second place, has emerged as the best known and best loved PVR.

“It really has given power to the consumer to allow them to watch what they want when they want,” the Telegraph quoted Fevzi Turkalp, who runs the Gadget Detective website, as saying.

Sat Nav, provided in almost every car now, stood at the third place, while energy-efficient Hybrid Cars have marked fourth place in the list.

Apple’s iPod has taken the fifth place in the list.

Simon Osborne-Walker, the publisher of Stuff magazine, said that he was confident readers had managed to sum up the best of the last decade.

“It’s been an amazing ten years for technology. Gadgets have gone from being big black boxes under the television to lightweight, portable devices,” he said.

Stuff’s list of the best technological innovation of last decade:

1. Wireless Internet – 35.5 percent

2. Sky+ – 16.9 percent

3. Sat Nav – 16.6 percent

4. Hybrid Cars – 8.9 percent

5. iPod – 5.6 percent

6. Chip and Pin – 5.6 percent

7. Nintendo Wii – 3.9 percent

8. Skype – 1.7 percent

9. Oyster Card – 1.5 percent

10. Blackberry – 1.1 percent

Other – 2.6 percent

http://in.news.yahoo.com/139/20081223/393/ttc-wifi-tops-best-technological-innovat.html

In an interview with Reuters, Rachid Benmessaoud, the Bank’s acting country director to India, said some $3 billion of the loan will focus on areas most affected by the global financial crisis, including state-owned and housing banks, small- and medium-sized enterprises and infrastructure.

“The capital market is drying up in India and we have seen that a number of commercial state banks are not able to access long-term financing,” Benmessaoud told Reuters on Friday.

“Because of the financial distress, certain companies will not be able to repay these banks so their non-performing assets are likely to increase.”

He said the World Bank would evaluate the needs of the 27 state-run banks over the next month.

The $14 billion injection over three years comes as India’s economy, which was expected to avoid the worst of the global financial crisis, is rapidly losing steam, with industries such as automobiles, real estate and exports reeling as the world’s major economies tip into recession and credit remains tight.

Factory output in India fell for the first time in more than 13 years in October, the latest evidence of a rapid economic slowdown.

In many emerging market economies, the issue is that global markets have malfunctioned so severely that they cannot quickly access the capital they need, as banks hoard money and refuse to lend to each other.

In an attempt to ease the cash crunch in the system, the Reserve Bank of India has cut banks’ cash reserve requirements by 350 basis points since August and lowered its key lending rate.

CREDIT CRUNCH

Benmessaoud said despite government action to contain the effects of the global financial squeeze, state banks remained reluctant to lend to companies.

“As a result some companies may not be able to have access to financing for their investments,” he said.

The World Bank’s growth projections for developing countries this week forecast India’s economy would slow dramatically to 5.8 percent from 6.3 percent in 2008, with a recovery to 7.7 percent in 2010.

“Growth is a concern,” Benmessaoud added.

He said the World Bank lending strategy would target increased assistance to India’s seven poorest states including Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa, Rajasthan and Uttar Pradesh, which account for a large number of India’s poor.

Benmessaoud said lending will focus on infrastructure development, especially providing India’s poorest with electricity and water, and strengthening the capacities of local authorities to use federal money more effectively.

No Indian city provides water 24 hours a day, 7 days a week, and only half the population has access to safe drinking water, while 40 percent of India’s 600,000 villages are not connected to a road.

World Bank funding will also support middle-income states like Andhra Pradesh, Karnataka, Punjab, Tamil Nadu, Haryana, Gujarat, and Maharashtra by tackling poorer regions, and addressing the challenges emerging from rapid growth, compounded now by the global economic downturn.

http://in.news.yahoo.com/137/20081215/738/tnl-world-bank-to-aid-india-banks-in-new.html

Asian stocks posted their first weekly gain in seven, with advances in the last trading day underpinned by a rally on Wall Street on Thursday that sent the Dow Jones industrial average up more than 4 percent.

European shares were set to surge, with major indexes such as Britain’s FTSE 100 seen up by more than 4-5 percent.

Oil prices rose nearly $3 a barrel, helped by the equity gains and growing expectations for an OPEC production cut following a tumble in crude.

But jitters remain after a volatile week that saw global stock markets rally and slump on alternative days amid signals of a potentially deep economic slowdown worldwide.

The dollar sagged against the euro, but the U.S. currency held steady against the yen.

“There’s still nervousness in the market about the real economy, but in terms of valuations the price is good right now,” said Nagayuki Yamagishi, a strategist at Mitsubishi UFJ Securities in Japan.

“The economic problems are the main theme of the market right now and everybody knows this, so rises will be limited.”

The MSCI index of Asia-Pacific stocks outside Japan was up 0.6 percent at 0630 GMT, after slumping 8 percent the previous session.

The index had gained around 1 percent for the week as of early afternoon, its first weekly gain since the end of August.

Friday’s tone was helped by some encouraging earnings signals. International Business Machines Corp (IBM) said on Thursday it expects to meet long-term profit forecasts, partly due to continued growth in emerging markets.

Meanwhile, U.S. firms such as Internet search leader Google Inc and chip maker Advanced Micro Devices Inc posted results after U.S. market hours that beat expectations.

On the credit front, recent unprecedented measures by central banks to inject liquidity into the financial system appeared to be bearing some fruit.

U.S. dollar short-term funding costs eased for the fourth day in Asia, though stress remained in several local markets due to heightened counterparty and term risks.

But analysts warned investors would be unlikely to steer their attention from concerns over the global economy.

“The focus of the market is now shifting gradually to the weakness of the real economy,” said Minoru Shioiri, chief manager of forex trading at Mitsubishi UFJ Securities.

Data on Thursday showed U.S. industrial output posted its biggest drop since 1974 in September, while a regional factory index slumped and labour markets showed softness.

Japan’s Nikkei average rose 2.8 percent, clawing back after falling 11.4 percent on Thursday in its biggest loss since the 1987 crash.

Singapore stocks rose 0.5 percent, while Shanghai’s main index advanced 1 percent.

But other major indexes in the region fell. Stocks in South Korea and Taiwan dropped more than 2 percent each. Australian stocks lost 1 percent, India’s benchmark index slipped 0.5 percent, while Hong Kong shares were flat.

OIL RALLY

The gains in equity markets, however tentative, bolstered oil prices. U.S. crude futures for November delivery rose $2.9 to $72.79 a barrel, reversing a decline of more than 6 percent during U.S. trade on Thursday.

Base metal prices also rallied, with London Metal Exchange copper, zinc and lead all up sharply percent in Asian trade.

In currency markets, although the dollar sagged against the euro it held flat near the yen in choppy trade as some investors remained concerned about a global recession.

“Fears about financial institutions going under have eased since the Group of Seven meeting last week as governments showed readiness to pump in public funds,” said Takahide Nagasaki, chief forex strategist at Daiwa Securities SMBC.

“The easing of such fears is slowly reversing a previously seen flight to safety into such currencies as the yen,” Nagasaki said.

The euro was up 0.4 percent from late Thursday New York trade at 1.3505, while the dollar held steady against the yen at 101.51.

http://in.news.yahoo.com/137/20081017/371/tbs-global-markets-asia-shares-advance-b.html

Currently there are some mutual funds which invests in Treasury Bills, Commercial Paper and Bank Call Money. All these investments are safe. Government and bank do not default. Company with high financial rating can only sell commercial paper. So this investments are safe.

Interest rate varies between 8-9%. This is well above savings bank interest rate. Suppose you are keeping Rs. 1 Lakh in savings bank. You can earn Rs. 6,000 from this funds compare to savings bank.

This funds need to bought by yourself online. This absolute necessary for liquidness. If you go for any agent or other you will may not get money when you require. You need to have a account in any online site for buying this.

Mutual fund customer account is free in all sites. I buy through indiainfoline.com. You can try any online site.

Procedure of buying: I login to the site. Choose the fund you want to buy. Then this site will redirect it to your banking site. Money will be deducted from your account automatically.

Procedure of Selling: Choose the fund you want to sell. Money will be automatically credited to your account. First time you need to send PAN card photocopy and form (available in the site itself) to the site address.

How to choose fund: I choose fund from valueresearchonline.com. Go to the fund section. In the drop down of the “Category Compare” choose “Open End” in the first drop down and “Debt Ultra Short Term” in the second drop down. Chose best rated fund. I invest in HDFC Cash Mgmt Firm Savings.

One more interesting feature of the funds is that you can get your statement from camsonline.com anytime. Here statement will tell you how much you have invested and also the current value of your savings. All you need to give is open camsonline.com. Go to Investors section. Then click on “Mail Back Service–Check it out”. Click on “Portfolio Account and Statement” and give your mail id to send the statement. You also have choose fund house name from the list. In my case it is HDFC.

This fund is also useful to be used as a parking site for your short term financial commitment like insurance premium etc. You can park your money for 3-4 months before giving the premium.

Happy Investing!!

http://raktimb.sulekha.com/blog/post/2008/09/lazy-money-in-savings-account.htm

If you deposit 5000 bucks every year, for 20 years @ 10% p.a. How much you will get in returns after 20 years can you guess…….?
That means you deposit 5000 bucks every year @10% p.a. for the period of 20 years.
At the end of 20th year you will have 315,012 Bucks!!! It’s 3 times your investment!!

So now I will share with you the success formula of multiplying your money via stock market.

Few things before I start, you need to take of the few things below listed,
1. Patience
2. Implementing the formula as per the rule.
3. Don’t go out of the Box.
4. Don’t be greedy as time goes on.

So here we go now.
Select a stock which should be an integral part of index.
The reason to select the stock from index is because the index stock is very liquid and fundamentally strong stocks.
The stocks must have an intraday moment of at least 2%-5% up or down.
These were the eligibility criteria for selecting the right stock.

Now suppose your selected stock is X and the current value of the stock X is 100 bucks.
And you only have 50,000 bucks with you in your account.

We need to segregate our investment in such a way that we should be able to buy the stocks even if it falls 50% from the current value (100) (i.e. we can buy the stocks at 50 bucks also).

Your capital is 50,000 and the stock value is 100, now 50,000/100 = 500.
You can buy 500 stocks in all.

You have to buy the stock in lot size of 50.
Every 5% fall, you have to buy 50 shares of stock X, and hence you can buy the stock till the maximum fall of 50%.

As the stocks falls you keep buying the lot size. And as the stocks rises 5% you release the stocks. That will keep booking profit at every 5% level rise and fall of the stock.
E.g. Day 1
Stock Value 95, Buy 50 shares.
Day 2
Stock value 90, Buy 50 shares
Day3
Stock value 95, Sell the last buy, i.e. 50 shares bought at 90 and hence you have booked 5% profit.

Keep following this buying and selling and you see enormous growth in your account.

http://sameer17.sulekha.com/blog/post/2008/08/how-to-multiply-your-money.htm

“There is very good demand from all those who had waited,” said Harshad Ajmera, proprietor of JJ Gold House, a large wholesaler in Kolkata. “Investors and jewellers, all are buying in bulk.”

Gold fell below 12,000 rupees per 10 grams for the first time in eight weeks as foreign markets slid on a stronger dollar against the euro after the European Central Bank’s caution on the growth outlook.

Gold generally has an inverse relation with the dollar as the two compete for funds.

Retailers said demand had picked up even before the festivals had kicked in and the break of the psychological mark would bring more consumers to shops.

“Marriage-related buying has already started,” said Princeson Jose, director of Prince Jewellery in Chennai.

Many Hindu marriages are likely to be held between September and November in stretches of auspicious periods.

“We will have a very good weekend,” said Rahul Gupta, director of P P Jewellers in New Delhi.

A dealer in a large bank said supplies were short with delays of several days for delivery that had spiked up premiums.

Following was the price of .995 gold in the spot market in rupees per 10 grams at 1:20 p.m. :

Bank Friday Thursday

http://in.news.yahoo.com/137/20080808/371/tbs-india-gold-sales-heavy-after-fall-be.html

The S&P CNX Nifty index of the National Stock Exchange, which opened at 4,331.60 points, closed at 4,413.55 points. It went up by 80.60 points or 1.86 per cent from its previous close.

http://www.hindustantimes.com/StoryPage/StoryPage.aspx?sectionName=&id=73bcc4ee-caac-4590-87b0-da2482a6405a&MatchID1=4736&TeamID1=8&TeamID2=6&MatchType1=1&SeriesID1=1194&MatchID2=4727&TeamID3=2&TeamID4=3&MatchType2=1&SeriesID2=1191&PrimaryID=4736&Headline=Sensex+closes+300+points+up&strParent=strParentID

Top US corporate executives have ranked China as the best country outside the United States for business investment. The survey has been released here this week.

More than half of the 281 corporate executives who responded to the survey named China as the most favourable country. Over 45 percent of American executives voted in favour of India, which was followed by Mexico, the United Kingdom and Canada.

The “Winning Strategies in Economic Development Marketing” survey has been conducted every three years by a leading US marketing organization Development Counsellors International (DCI) since 1996.

According to Xinhua, this is the first year respondents were asked to rank the business favour ability of the world’’s 25 largest countries, based on their GDP, outside the United States.

With the global battle for business more intense than ever, perceptions about a location’’s business climate often play a crucial role in site selection decisions, said DCI President Andrew T. Levine. (ANI)

http://www.freshnews.in/india-ranked-second-best-place-for-business-investment-by-us-executives-42311