Equitymaster How close to the edge are we? Given another terrible day for stocks in the US on Tuesday, October 7th, we must be at the edge. According to the Bloomberg news story, "the S&P 500 slid 60.66 points, or 5.7 percent, read more »
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Forbes HONG KONG -Investors ran for the exits in Tokyo on Wednesday, with the Nikkei 225 plunging 9.4% on fear over the health of Japan's exporters and forced selling to cover losses. Other major Asian stock markets t read more »
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In the last 3-4 days, have seen some positive statements emanating. One could doubtless say these are motivated statements, but still, these come from people who should be expected to be somewhat balanced. ICICI Vent Funds CEO Renuka Ram read more »
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India will grow at 8% this year. Huge capacities are being added FDI is robust. India attracted FDI $14bn between Apr-Aug this year. RBI will infuse liquidity into the market Our banks have strong balance sheets. They are well read more »
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India's economic growth rate may slip further and decline to 6.9 per cent in 2009, as countries in emerging Asia are not totally immune to the financial crisis in the US and its subsequent fallout, the International Monetary Fund (IMF) said on Wendes read more »
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The continuing plunge on the stock market has halved the investor wealth from the level seen before the downslide began earlier this year, with promoters taking the biggest hit of more than Rs 20 trillion. read more »
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The Reserve Bank of India, RBI has released operative guidelines on mobile banking. It said that banks licensed, supervised and having physical presence in India can offer mobile banking services. Banks shall have document based registration with man read more »
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Ends at 47.99/48.01 Rupee erased most of its losses on Wednesday, springing back from a more than six year low, after central banks around the world cut key lending rates in a coordinated move to shore up the global economy. Rupee ended at 47.99/48.0 read more »
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Friends, These are time of turmoils.Everyone is passing through it.I am also no exception. People who invested through borrowing is facing the worst time ever.Over leverage should not be done at any cost.I have been writing this time and read more »
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Religare Hichens Harrison Research has come out with its earning estimates on Pharma sector for the quarter ended September 2008. According to the research firm, Wockhardt September quarter sales is expected to go up 26.2% at Rs 9312 million (Rs 931. read more »
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Institutional buying and short covering helped the market stage a strong rebound in the latter part of the trading session. The BSE 30-share Sensex lost 366.88 points. The barometer index had slumped about 950 points to a 2-year low in early afternoo read more »
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The British government on Wednesday announced a 50 billion pounds emergency rescue plan to partly nationalise major banks, a day after the stock prices plunged raising investors fear about their survivability in the global financial meltdown. Assurin read more »
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This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown. Home to just 320,000 people on a territory the size of Kentucky, Iceland has formidable international reach beca read more »
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Seeking to thwart a possible collapse of banking system in the country, Britain put in place a 500-billion pound rescue package, including 50-billion pounds to part-nationalise some of its top banks. read more »
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Amidst tumbling of stocks in Asia and Europe, the BSE benchmark Sensex plunged below 11,000 points in early trade today before rebounding, but still ended nearly 367 pts down at 11,328.36. read more »
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Amidst tumbling of stocks in Asia and Europe, the Bombay Stock Exchange benchmark Sensex plunged below 11,000 points in early trade on Wednesday-- for the first time in more than two years-- before rebounding to erase some of its losses but still end read more »
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Painting a grim picture, the US Federal Reserve Chairman, Ben S. Bernanke, today said that recent financial developments suggests that the outlook for economic growth has worsened and that the downside risks to growth have increased. read more »
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US stocks fell sharply again as investors remained unconvinced that new lending avenues created by the Federal Reserve would unblock credit to the struggling US economy. read more »
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The fury with which global equity markets have sold off in recent weeks and the worsening condition of the financial system has called for some kind of co-operation among the countries to solve the crisis, especially after the Reserve Bank read more »
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