Shalini Kakkad's blog

Lennar Reports Minor Loss in Q1

Lennar Reports Minor Loss in Q1On Wednesday, Homebuilder Lennar Corp. reported minor loss for the first quarter of financial 2010. The company also asserted that it is back on track to accomplish its goal of prosperity in fiscal 2010.

Established in 1954, Lennar operates as a home builder and provider of financial services in the U. S. The company's homebuilding processes comprise the construction and sale of single-family attached and detached homes, and multi-storied residential buildings, along with purchase, development, and sale of residential land.

Slip in Mortgage Applications

Slip in Mortgage ApplicationsAccording to the Mortgage Bankers Association (MBA) study of gross mortgage application volume, potential mortgage borrowers presented 4.2% less applications in the week ending March 19, subsequent to previous week's 1.9% drop.

MBA said that the number of applications submitted for home refinance slid 7.1% from the previous week, dropping the refinance share to 65% of all applications submitted from 67.3% the week earlier.

MBA said that the share of applications submitted for adjustable-rate mortgages (ARMs) increased to 4.8% of all applications, from 4.6% a week earlier.

India Wants to Stay Out of the China-Yuan Revalue Battle

yuanIndia has, for once, decided to stay away from controversy. Recently Kaushik Basu, Chief Economic Adviser to the Finance Ministry, confirmed that India will most probably not join the rest of the world in putting pressure on China over the Yuan and its value.

While the United States, along with the rest of the world, is mounting pressure on China to let the Yuan rise, India, it seems, does not want to be a part of it and believes that the country should be allowed to handle its currency the way it wants to. Major tensions have erupted between the US and China over the fixed peg of the Yuan, but it does not look like China is very much affected by it.

Obama Looking to Curb Outsourcing, India Does not Seem to Care

Obama Looking to Curb Outsourcing, India Does not Seem to CareThe Americans are struggling to come out of the lingering hurt of the biggest global recession of the post WW II era, and in such a scenario, the fact that jobs are being outsourced is something that is hitting the country where it hurts the most.

Recession Effects? Indian Salaries do not seem to be Affected!

Indian-SalariesA recent survey has come as a surprise to the rest of the world and a reason to celebrate for the Indians. It has been suggested that wages paid in companies across India are all set to rise at the fastest pace across the entire Asia-Pacific region. Incomes are expected to go up by a tenth over the ongoing year.

With the results of the survey, the speculation that local companies are more confident of growth as compared to their regional counterparts has been reinforced.

Tourism in Singapore Shows Signs of Improvement

Singapore-TourismWith the coming of 2010, Singapore's tourism seems to have been given a boost once again. During the year, the country is expecting to host 11.5 million to 12.5 million visitors and bag about S$17.5 Billion to S$18.5 Billion in tourism receipts. The figures have been shared by the Singapore Tourism Board and have been a result of the significant rise in tourist numbers recorded during the initial months of the year.

Effects of 2010 Union Budget on Stock Markets Across India

Indian-Stock-MarketAll throughout February, the budget concerns managed to shake up the Indian stock market, and it was more-or-less much volatile. However, a bit of consolidation was seen by the time the end of February rolled in. While the Rail Budget did not have much of an impact, the Union Budget was responsible for many upheavals.

On the day that the Budget was released, the Sensex added 175 points, which went down in history as the biggest single day gain for the month of February 2010. Except for the increase in fuel rates, it seems that the Budget was pretty decent overall.

India's Food Inflation Continues to Rise, Budget Disappoints

Manmohan Singh, Sharad Pawar and Congress Leaders

For the week up-to January 23, India's food inflation had managed to peak to 17.56%, a worrisome figure for many, but there were others who were expecting things to get better with the imminent Union Budget for the year 2010-11. And when it was finally released a few days back, it was clear that despite efforts, little, if any, has been done in the latest report to try and curb the inflation, which has still continued to grow.

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