The economic slowdown needn’t slow down your plans for a summer holidayMoneylife looks at what’s on offer

Has the economic slowdown decided to leave the tourism industry alone? Or are things looking good because, as the song says, everybody wants a summer holiday? It is a bit of both. Outbound tourism is booming. The worldwide economic slowdown has seen many countries offering never-before...

Newly converted bulls may be headed for a frustrating time

In our previous issue, we had said we expect this rally to go past 12,000 – possibly beyond. The Sensex closed at 12,173 in the week ended 15th May. We had also said that we cannot see a turning point for this market because sentiment as well as liquidity is at very high levels and they form a potent mix for the bulls. We had said...

Regular Internet users know that a well-written, plausible sounding horror-tale, framed as a true story that acts as a warning, travels at such astonishing speed in cyberspace that entire websites are devoted to recording and quashing these tales. A friend mailed us this story about a racket at Bangkok’s Suvarnabhumi Airport, where cashiers at the duty-free shops collude with the Thai police...