Objection to Obama's Plan: US

Obama has recently came up with his new plans regarding tax havens and regarding elimination of tax breaks for the US companies/corporates that do overseas business. 

The current law allow US companies to defer taxes without limitations on the income from overseas business. But Obama's plan will have deductions - this made bitterness for the group of Tech and other industries. The opponent group for Obama's plan argues that the change will surely make US companies difficult to compete in their Business abroad.

But Obama cited that there are loop holes in the law for the US companies that create jobs in other countries. He also mentioned that these Overseas companies are enjoying excessive rewards. The major companies like HP, Oracle Cisco are reporting their revenues mostly(more than 50%) from Overseas business.

He also has made some layouts how to get $60 million and $40 million dollars from those companies.(for more info. click here)

It seems like US president wants socialist economy in US.

These plans of Obama will make US better not their Business in Overseas. This is the right chance for the  the Other countries to compete with US giants.

Sure these plans will bring down their fame and quality which in turn make other country's companies to flourish. A nice time for Global growth and the Global market will e opened for all the corporates around the world. Also a nice season for a new giants to be created.

More expectations from China, India in Tech side... Will they overtake US???

Cheers!!!

Indian Stock MArket - Booms high

Indian stock market continues to boom because of of the Bullish experts.

This may be the region where change is needed and change is happening.

Sensex crossed 12,100 points which is 7 months high, and Nifty crossing 3,650 points which has made India best in spite of world's heavy recession.

But this situation needs to be stable. so companies has to do something more to gain more and maintain their credential levels to keep themselves high.
Expected Stocks to raise tomorrow,

1. HPCL
2. Asian Paints
3. SBI
   
4. Maruti Suzuki
5. HDFC
6. HDFC Bank
7. tata Motors
   

Gloomy US Auto Sales

As per the US Automobiles sales report announced has shown no improvements in the sales of entire Automobile industry.

The Actual sales of the Automobiles is just with the Low and Mid range vehicles and cars, As a result there is a steep decrease of 40% in the sales of automobiles.

Major Automobile companies Chrysler and General Motors, entered Bankruptcy protection on Thursday. It was because Chrysler had 48% decline General Motors had 33% decline in sales.

Honda motors had a lesser decline of 25% which ensured its strength.

The Ford has come up stronger with the record sales of Fusion sedan, even though it had a slump of 33%.

Hyundai sales dropped just by 14% (best in US automobile industry). the main reason was sales of Accent went up 26% and Sonata by 7%.

Lets pray to God for all the bad times to be changed.

Cheers!!!

May Day - MAy 1st: Labour's Day

May Day (also known as Labour's Day) was celebrated on May 1st of every year. It is celebrated by the workers all around the world as an expression international solidarity and shared political aspirations for freedom.

The Labours who were at the bottom of the working society was toiled a lot before the May Day. May day was the day when the whole world agreed and announced 8 hours day.

To know more about the History of the May Day,
http://www.marxists.org/subject/mayday/index.htm

This day is the day for us to honor all the Labours who work for us and for our Luxury life.

Let us Honor and respect each and every labour on this special day dedicated for them!!!

Cheers!!!

American Idol - Top Finalists

Matt Giraud, who was one among the Top 5 finalists of the World famous "American Idol" has created a new history for the program when he was saved from the elimination of the judges and allowed to participate further.

Matt Giraud was very happy about this and he said that He's at peace.

The one more thing i would like to add is that the Truths are more exciting than the fakes. I wanted to quote this because when it was announced Matt Giraud was saved, not only Giraud but the Whole world broke into tears with an excellent feel.

The feel cannot be expressed by words and the entire appreciation goes to the American Idol for being a part of a life in most of the people all around the world.

Cheers!!!

Indian Stock Market - Rising star

Today Markets was more brighter than ever.

Market started glowing.

It is expected Sensex will cross 11,500 points by today and so Nifty too will cross 3500 points.

Expected top gainers in Sensex:

1. ICICI
2. Bharti Airtel
3. Rel Capital
4. Wipro
5. Tata Motors
   

IPL fever - Upcoming Matches

Expect the fever in Jaanvim too...

Upcoming Matches:

On 2nd May 2009,

1. IST 16:00 hours, 25th Match to be held between the Deccan Chargers Vs Rajasthan Royals
2. IST 20:15 hours, 26th Match to be held between the Delhi Daredevils Vs Chennai Super Kings

Results:

On 1st May 2009,

1. Mumbai Indians won by 9 runs against Kolkata Knight Riders
2. Bangalore Royal Challengers won by 8 runs against Punjab Kings XI

Cheers!!!