Times of India writes: The Indian outfit of US’s fifth largest investment bank, Bear Stearns, on Monday began liquidating its holdings in India, triggering fears of a further plunge in the stock prices of mid-cap companies held by it. Read On:
Forex derivative losses likely to touch $3-5 bn
Ranju Sarkar writes in Business Standard: Corporate India may be sitting on a $3 billion to $5 billion (Rs 12,000 crore – Rs 20,000 crore) notional loss on its exposure to foreign exchange derivatives. Read On
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Worse is yet to come in forex derivative losses writes Ranju Sarker in Business Standard. Read On
Brokerages say “buy” but cuts price targets
Read On Business Standard writes on lowering stock price target for the big companies: Most broking houses are giving a “buy” recommendation for key frontline stocks, but have reduced their price targets from a quarter ago after falling markets tempered expectations. The Bombay Stock Exchange’s (BSE) Sensex has declined by 4159.01 points or 20.5 per cent [...]
Indian economy on a downhill slide?
Read on Rediff: Last month, India’s powerful software industry body — the National Association of Software and Services Companies (Nasscom) — held a meeting to do a reality check amid rising global economic concerns: Is the Indian growth engine slowing down? Does India need to worry? How sharply will the US recession hit the nation?
