Musings 'n scribblings of a philanthrope ..

A train of thoughts and writings on development, technology and the economy focusing on the socio-techno-economic-cultural surge of developing economies to regain and partake in leadership of the world. Written by George Easaw, member of the faculty of Business Administration of Allliance University, Bangalore, India. (This is purely an academic site, no commercial use is allowed. Photography rights lie with the respective organisations). Mention credits as needed.

Saturday, October 25, 2008

Stock market crash of Oct 2008, the 10/8 phenomenon ....

How severe has been 10/8 ??

The personal wealth of the top 3 richest people in India which have crashed during Oct 2008 are given here ..

The market cap of the personal holdings of Mukesh Ambani crashed by $ 50 billion, Anil Ambani by $ 40 billion and DLF's KP Singh by $ 38 billion.

Totally the markets lost about $ 980 billion, (about Rs. 46,00,000 crores) in the crash which saw Bombay Sensex nosedive from 16000 to 8700.

If it falls to below 8000, I will be investing ...

ge..

Musings 'n scribblings of a philanthrope ..

Saturday, October 25, 2008

Stock market crash of Oct 2008, the 10/8 phenomenon ....

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