IIPM Ranked No. 1 B-School In Global Exposre - Zee...
It's just a bloody bullfight!
Bankruptcies, bailouts, coordinated interest rate cuts et al have become buzzwords in the US and European financial markets, and many erstwhile fast-growing economies across the globe are on the brink of recession. The genesis of the current turmoil, which has impacted the banking domain the most, has its genesis in the sub-prime mortgage debacle. The Wall Street behemoths have finally crumbled; be it Bear Stearns – whose market capitalisation declined by a teeth-rattling 98.67% in a matter of eleven months ended March 17, 2008, losing $17.76 billion of shareholder wealth which was taken up over by JP Morgan for a paltry $236 million, or Merrill Lynch – which was acquired by The Bank of America in an all stock transaction for a seemingly modest $50 billion, or The Washington Mutual Bank – which was sold to JP Morgan Chase for $1.9 billion, or the acceptance of a $85 billion bridge loan by The American International Group, all tales point to one sad ending – the end of the financial entity supremacy and the onset of a long global financial crisis that becomes hard to disbelieve and too dangerous to believe... Financial engineering and innovations are not paying off; in fact, they are creating more troubles. Many would even argue that the banking behemoths are actually up 'For Sale'! Oh India! Why weren't thou forsaken?
The Indian context is as interesting as the US context, dangerous albeit. The domestic market is buckling under the pressure too and malicious rumours are adding a bit to the tattered state of market fundamentals. Who would like to forget the ICICI bank fiasco, so much so that the RBI had to step in to calm down the investors. As a matter of fact, market capitalisation of the nation’s top ten firms have witnessed an erosion of over Rs 1 trillion and the FIIs withdrew Rs 37.62 billion from the market during just the past week. For those who were talking about an insulated India, here is a wake up call – if the Monday blues and tumultuous Tuesdays continue, the India shining story might be India whining!
“Nothing succeeds like success and nothing fails like failure”. The Sensex, often touted as the economic barometer of India, has had a mixed experience of both success and failure in a span of over a year. It was exactly less than a year back (during late October 2007) that the Sensex was leaping forward, creating newer landmarks and in the process creating wealth like how! Today, it is proving to be the anti-thesis to what was witnessed exactly a year back earning curses from many a shareholder.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
It's just a bloody bullfight!
Bankruptcies, bailouts, coordinated interest rate cuts et al have become buzzwords in the US and European financial markets, and many erstwhile fast-growing economies across the globe are on the brink of recession. The genesis of the current turmoil, which has impacted the banking domain the most, has its genesis in the sub-prime mortgage debacle. The Wall Street behemoths have finally crumbled; be it Bear Stearns – whose market capitalisation declined by a teeth-rattling 98.67% in a matter of eleven months ended March 17, 2008, losing $17.76 billion of shareholder wealth which was taken up over by JP Morgan for a paltry $236 million, or Merrill Lynch – which was acquired by The Bank of America in an all stock transaction for a seemingly modest $50 billion, or The Washington Mutual Bank – which was sold to JP Morgan Chase for $1.9 billion, or the acceptance of a $85 billion bridge loan by The American International Group, all tales point to one sad ending – the end of the financial entity supremacy and the onset of a long global financial crisis that becomes hard to disbelieve and too dangerous to believe... Financial engineering and innovations are not paying off; in fact, they are creating more troubles. Many would even argue that the banking behemoths are actually up 'For Sale'! Oh India! Why weren't thou forsaken?The Indian context is as interesting as the US context, dangerous albeit. The domestic market is buckling under the pressure too and malicious rumours are adding a bit to the tattered state of market fundamentals. Who would like to forget the ICICI bank fiasco, so much so that the RBI had to step in to calm down the investors. As a matter of fact, market capitalisation of the nation’s top ten firms have witnessed an erosion of over Rs 1 trillion and the FIIs withdrew Rs 37.62 billion from the market during just the past week. For those who were talking about an insulated India, here is a wake up call – if the Monday blues and tumultuous Tuesdays continue, the India shining story might be India whining!
“Nothing succeeds like success and nothing fails like failure”. The Sensex, often touted as the economic barometer of India, has had a mixed experience of both success and failure in a span of over a year. It was exactly less than a year back (during late October 2007) that the Sensex was leaping forward, creating newer landmarks and in the process creating wealth like how! Today, it is proving to be the anti-thesis to what was witnessed exactly a year back earning curses from many a shareholder.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
Read these article :-
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...
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