In your interest.
Online Personal Finance Magazine
No beating about the bush.
The market has been clobbered by massive waves of institutional selling. Over the previous few issues, we had mentioned 13,400, 12,500 and 9,800 as possible weekly support levels. None of these held. The totally unexpected precipitous slide to the current level of about 8,500 has taken us completely by surprise. In exactly six weeks, the Sensex has fallen by over 5,000 points – from the 13,100...
That there are only two defaults on CRISIL’s long-term credit ratings (both manufacturing entities) in the first six months of 2008-09 probably paints too optimistic a picture. The finance minister admitted that forex derivative losses were a massive Rs27,300 crore but pose no systemic risk. But is this the full extent of losses or are companies still hiding their loans to promoters’ private...
ICICI Bank’s recent dilemma should provide food for thought to every bank or institution that adopts an aggressive growth strategy. Clearly, the Bank had done a lot that is right to power its way to become the second largest bank in the country. It has also spawned several institutions, which have gained critical mass in areas such as insurance, stock broking and venture finance. Yet, the...