A how-to guide on the state of affairs now...
What h
as the Bombay Stock Exchange got in common with Delhi? No, not the extinct Delhi Stock Exchange. But rather, Delhi’s transport services! If you’ve ever travelled some distance in the famed Delhi Transport Corporation buses, especially the private ones (now more famously known as Blue Lines), you’ll realize how a one hour journey – replete with painful shakes, ups, downs, jerks, and disastrous accidents – is an awesome training workshop for those intending to invest in the BSE, or for that matter, in the Indian stock markets! But what exactly caused all this downfall? An Indus Ind Bank spokesperson revealed to 4Ps B&M, “This time, the fall was caused due to the impact of adverse global cues arising out of US sub-prime lending and also the credit crunch experienced by banks in major markets; and further, the political uncertainties within India.” But what is ‘sub-prime’? Amit Saxena, CEO, Planman Financial, defined to us, “Sub-prime lending, for example, refers to loans given to borrowers with poor credit histories.”
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
What h
as the Bombay Stock Exchange got in common with Delhi? No, not the extinct Delhi Stock Exchange. But rather, Delhi’s transport services! If you’ve ever travelled some distance in the famed Delhi Transport Corporation buses, especially the private ones (now more famously known as Blue Lines), you’ll realize how a one hour journey – replete with painful shakes, ups, downs, jerks, and disastrous accidents – is an awesome training workshop for those intending to invest in the BSE, or for that matter, in the Indian stock markets! But what exactly caused all this downfall? An Indus Ind Bank spokesperson revealed to 4Ps B&M, “This time, the fall was caused due to the impact of adverse global cues arising out of US sub-prime lending and also the credit crunch experienced by banks in major markets; and further, the political uncertainties within India.” But what is ‘sub-prime’? Amit Saxena, CEO, Planman Financial, defined to us, “Sub-prime lending, for example, refers to loans given to borrowers with poor credit histories.”For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
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