Sunday, June 10, 2007

Commodity exchanges in india

This indicates something: consumptions lead growth. The US has some 350 million people and still consumes most of what the world produces. The US consumes 10 times more electricity . India with a population of 1100 million people, bleeds due to load shedding. The concept of load shedding is anathema in the US . Nymex : The US equivalent of MCX has a host of commodities being traded including power.

777, Reliance Phones

some time I back i expressed confusion on how low can handset prices stoop, only to see Reliance come up with another market changing offer, by offering handsets at Rs 777. Coupled with the low cost Life time offers, the total cost of owning a handset for a llife time comes to some Rs 1000. Reliance relaunched the 24 hours free talk offer, again heralding a new scheme accelarating commerce.