India Broadband Forum

ShAdOwCoN · 09-16-08, 11:31 PM

Hi,

Lehaman bros already Bankrupt and sold for scrap...And now Aig heading towards bankruptcy !....This will def have a resonating effect across the world including India...Especially The I.T sector which relies on Dollars for their software/services exports will take a beating ....

Ofcourse will also effect investments coming into India from the devoloped countries
AIG 's shares plummeted more than 60 percent and is heading Lehman's way ...

IIm students effected ...as marquee recruiters Lehman and Meryill wont turn up this placement season

Admin · 09-17-08, 12:04 AM

This is not looking very good at the moment... We can only hope for this situation to get better coz if this continues we are in for a world wide economic depression ... and I think we are actually going through one at the moment and just cant tell that we are.

Indian stock market will take a very bad beating if market sentiments dont change... leave alone the unemployment which is waiting for us around the corner

just4kix · 09-17-08, 11:02 AM

Analysts are saying that this is probably the worst period after the great depression.

Lehman Brothers had quite a bit of holding in some IT companies, e.g., KPIT Cummins. They had holding in other Indian compaies also. Wonder what will happen.

Rameshjeee · 09-17-08, 03:48 PM

Credit woes: IT cos may cut 25K jobs

Credit woes: IT cos may cut 25K jobs- Job Market-Careers-Indiatimes - Infotech

Admin · 09-17-08, 03:53 PM

Looks like sensex is gonna dip below 13k any time now...

r_moyal · 09-18-08, 02:54 PM

Please go through the interview of Jim Rogers. This was predicted long back and worst is yet to come. You may see lot more job cut and real estate rates coming down.

DZire · 09-18-08, 03:10 PM

Quote:

Originally Posted by r_moyal

Please go through the interview of Jim Rogers. This was predicted long back and worst is yet to come. You may see lot more job cut and real estate rates coming down.

Agree.

Check Jim Rogers :
Jim Rogers: 'It's going to be much worse' - Jan. 31, 2008
Exclusive Interview: Jim Rogers Predicts Bigger Financial Shocks Loom, Fueling a Malaise That May Last for Years

manojjonam10 · 10-01-08, 10:11 PM

This trend will definitely affect our economy.But we are to some extent immune to them as we do not take risk especially on the market economy.

09-16-08, 11:31 PM	#1
ShAdOwCoN Mind Space Join Date: Aug 2008 Location: In My House Posts: 3,278 Rep Power: 6	Banks heading towards bankruptcy ! Hi, Lehaman bros already Bankrupt and sold for scrap...And now Aig heading towards bankruptcy !....This will def have a resonating effect across the world including India...Especially The I.T sector which relies on Dollars for their software/services exports will take a beating .... Ofcourse will also effect investments coming into India from the devoloped countries AIG 's shares plummeted more than 60 percent and is heading Lehman's way ... IIm students effected ...as marquee recruiters Lehman and Meryill wont turn up this placement season __________________ Tutorial for setting up your Reliance Netconnect Broadband+ (3.1Mbps) in Linux http://reliancewireless.wordpress.com/ Smoking Helps you loose weight , one Lung at a time !

09-17-08, 12:04 AM	#2
Admin Join Date: Jan 2006 Location: New Delhi Age: 31 Posts: 4,491 Rep Power: 10	This is not looking very good at the moment... We can only hope for this situation to get better coz if this continues we are in for a world wide economic depression ... and I think we are actually going through one at the moment and just cant tell that we are. Indian stock market will take a very bad beating if market sentiments dont change... leave alone the unemployment which is waiting for us around the corner __________________

09-17-08, 11:02 AM	#3
just4kix Guardian Angel Join Date: Dec 2007 Location: Pune Posts: 7,578 Blog Entries: 1 Rep Power: 13	Analysts are saying that this is probably the worst period after the great depression. Lehman Brothers had quite a bit of holding in some IT companies, e.g., KPIT Cummins. They had holding in other Indian compaies also. Wonder what will happen. __________________ * I am my word * All my useful articles and Guides \| My Movie Collection \| Moser Baer Movies ------------------------------------------------------------------------------------------- (If your wish to send me a PM and can't, please add me to your list of friends)

09-17-08, 03:48 PM	#4
Rameshjeee Naughty Kid Join Date: Aug 2008 Location: Chennai/Bangalore Posts: 3,529 Rep Power: 7	Credit woes: IT cos may cut 25K jobs Credit woes: IT cos may cut 25K jobs Credit woes: IT cos may cut 25K jobs- Job Market-Careers-Indiatimes - Infotech

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Banks heading towards bankruptcy !

Banks heading towards bankruptcy !

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09-17-08, 03:53 PM	#5
Admin Join Date: Jan 2006 Location: New Delhi Age: 31 Posts: 4,491 Rep Power: 10	Looks like sensex is gonna dip below 13k any time now...

09-18-08, 02:54 PM	#6
r_moyal Junior Member Join Date: Feb 2008 Location: Mumbai Posts: 25 Rep Power: 2	Please go through the interview of Jim Rogers. This was predicted long back and worst is yet to come. You may see lot more job cut and real estate rates coming down.

10-01-08, 10:11 PM	#8
manojjonam10 Bronze Member Join Date: Sep 2008 Posts: 142 Rep Power: 1	This trend will definitely affect our economy.But we are to some extent immune to them as we do not take risk especially on the market economy.

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