Prime Causes

The prime causes of this correction – the subprime issue and US housing market – are yet to show improvement.” In India, there have been casualties all across the board. Let alone investors’ wealth, even corporations have been hit severely by this market meltdown. IPOs of companies like Purvankara have hit roadblocks due to this increased volatility. The company has already postponed its IPO and also revised its issue price. Reliance Industries, led by Mukesh Ambani, has seen its net worth erode by a staggering $2.6 billion in the past fortnight. So what do you do now as an investor in India? Do you sell, do you buy, do you stay off? We don’t know about you dudes, but we’ve already placed our equity purchase orders. For fools dare where angels...

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)