One of the few people who made tonnes of money during the recent crash was a hedge fund manager called Kyle Bass, managing partner of Hayman Advisors. Way back in August 2006 he put together a fund that would bet on the housing market meltdown.
Within six months, Bass was proved right. Home loans started turning bad, especially those made to people with a poor credit record. With that, prices...
Trimming of IT costs by US & European companies does not augur well for Indian IT companies
Gainers
Bank stocks are on top of the A-graded list. Union Bank of India has formed a joint venture with leading Belgian financial player KBC group to launch mutual fund business. The stock surged 25%. Punjab National Bank and Indian Bank went up 10% and 6%, respectively. Among the B-graded stocks,...
A few public information officers (PIOs) and the babudom are trying to brand the sunshine act, Right to Information (RTI), as a nuisance. The onus is on all RTI applicants to fight back. Many information officers dare to furnish false and misleading information or often put out information carelessly. It is sometimes important to verify the quality of information by checking what is happening...
