Holy Cow!! Is there a mad cow disease out break in India Inc? The common people are not sure but that’s the impression we are getting from the one after another nervous and incoherent statements made by the captains of the industry.The stock market meltdown has hit us heard but the industry bosses are still in a denial mode, they still think India is insulated; actually it is very hard for them to think that the billions that they made in the last decade can erode so quickly, almost as fast as they made them.
All the billionaires are down by 25 to 75 percent of their net wealth and it is hard for them to digest. They were going gaga even a year back and now the situation is completely different.
Let us just examine some unusual reactions.
Ratan Tata writes a open letter today to the people of West Bengal, it is one of the most weird reaction one can think of. Holy Cow! Is Ratan Tata now a politician or still an industrialist? Has he become the guardian of the people of West Bengal? Or he is so badly affected by Singur and other investments like Corus and JLR that he is not able to keep his cool?
It's been a bad week on Wall Street. All world indices are avalanching
downward, and the July to September summary of 401(k) statements in
people's mailboxes look like ...
Every morning in the
southern part of the country, mostly in my home state of Tamil Nadu,
hundreds of astrologers sit below a shade, usually a tree and predict
the f...
Ashok Tanker, author of novels - Byculla Bum, Ramayana Rocks and Mahabharata in the Bedroom & Boardroom, part-time business correspondent with Business Standard,
attende...
Billions of rupees are being wiped out from Indian stock market today on fears that Paanwalas all over the country are making losses. All the major stock indices are in t...
Daya Ram Pandey Paanwala, the five feet by seven feet paan-bidi shop at 90 ft cross lane, LBS Road, Mumbai has suffered a drastic reduction in profits for the fourth qu...
In a major breakthrough in mass storage devices, Sony whooo corporation of China announced launch of Onion disks and drives. The disk & drive named and shaped
after the ...
"Small
investors need not panic every time there is a sharp fall in the
markets. Leave the panic to professionals like us who are trained to
handle sharp downturns and...
The new Surf Excel Superwhite Extra brand, which makes its debut on
15th of June in stores all over the country, apart from cleaning
clothes 33 percent more white will ...
;...
