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Article on India Bankruptcies
- Strong Eagle
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Re: Article on India Bankruptcies
need to sign up to access article ...
not a member ...
not a member ...
- rajagainstthemachine
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Re: Article on India Bankruptcies
Broken link takes you elsewhere...
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- rajagainstthemachine
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Re: Article on India Bankruptcies
meanwhile in other news RBS is shutting down its India operations and DBS could likely take over
"Earlier this year, Singapore-based DBS Group Holdings Ltd, and IDFC Bank Ltd were vying for the rest of the Indian banking business of RBS, Bloomberg reported."
http://www.livemint.com/Industry/vIMDBX ... nches.html
"Earlier this year, Singapore-based DBS Group Holdings Ltd, and IDFC Bank Ltd were vying for the rest of the Indian banking business of RBS, Bloomberg reported."
http://www.livemint.com/Industry/vIMDBX ... nches.html
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- Strong Eagle
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Re: Article on India Bankruptcies
Thank you.
- rajagainstthemachine
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Re: Article on India Bankruptcies
They ( state owned Indian banks) had it coming for a long time, they used to hand out huge loans often on flimsy grounds to Indian corporates and businessmen often based on reputation than on sound financial health. e.g Vijay Mallya and now they can't even extradite him, he ran away to the UK.
Now the right wing loonies which run our country want to fire the RBI governor because he went to the USA to renew his green card lol
http://m.thehindu.com/news/national/rag ... 611045.ece
this guy Raghuram is a well respected economist worldwide and here our government wants to blame him instead.
Now the right wing loonies which run our country want to fire the RBI governor because he went to the USA to renew his green card lol
http://m.thehindu.com/news/national/rag ... 611045.ece
this guy Raghuram is a well respected economist worldwide and here our government wants to blame him instead.
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Re: Article on India Bankruptcies
the real issue is that mallya is one of the smaller defaulters ...
here's what is apparently going on ... some in the news, some not ...
mallya - 9,000 cr
anil industries - 20,000 cr
adani - 90,000 cr
and it's still only the tip of the iceberg ...
when money is free, there will always be someone to relieve you of it ...
here's what is apparently going on ... some in the news, some not ...
mallya - 9,000 cr
anil industries - 20,000 cr
adani - 90,000 cr
and it's still only the tip of the iceberg ...
when money is free, there will always be someone to relieve you of it ...
- rajagainstthemachine
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Re: Article on India Bankruptcies
The biggest ever fire sale of Indian corporate assets has begun, to tide over bad loans crisis
http://www.thehindu.com/business/Indust ... 573163.ece
heh!
http://www.thehindu.com/business/Indust ... 573163.ece
heh!
To get there early is on time and showing up on time is late
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Re: Article on India Bankruptcies
a real eye opener mate ...rajagainstthemachine wrote:The biggest ever fire sale of Indian corporate assets has begun, to tide over bad loans crisis
http://www.thehindu.com/business/Indust ... 573163.ece
heh!

- sundaymorningstaple
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Re: Article on India Bankruptcies
Hey Raj,
Point of information. When a number is expressed as 5,67,890 what is that in the normal Arabic number system the rest of the world uses?
Point of information. When a number is expressed as 5,67,890 what is that in the normal Arabic number system the rest of the world uses?

SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
- rajagainstthemachine
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Re: Article on India Bankruptcies
http://www.3a-strategy.com/about-us-car ... aCurrrencysundaymorningstaple wrote:Hey Raj,
Point of information. When a number is expressed as 5,67,890 what is that in the normal Arabic number system the rest of the world uses?
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- sundaymorningstaple
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Re: Article on India Bankruptcies
Fair enough, but why the extra comma in 5,000,000 or 5,0,00,000???To convert a Rupee amount (given in Crores), into its corresponding Euro amount in Millions, divide the Rupee amount by 5.
Thus, Rs 5 Cr = Rs 5,0,00,000/- = € 1 million
SOME PEOPLE TRY TO TURN BACK THEIR ODOMETERS. NOT ME. I WANT PEOPLE TO KNOW WHY I LOOK THIS WAY. I'VE TRAVELED A LONG WAY, AND SOME OF THE ROADS WEREN'T PAVED. ~ Will Rogers
- rajagainstthemachine
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Re: Article on India Bankruptcies
i was taught in school to place a comma after the first three zeros and then a comma after every two zeros.
eg. 100,000 or 10,00,00,000
i can't errr remember more than that.
eg. 100,000 or 10,00,00,000
i can't errr remember more than that.
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Re: Article on India Bankruptcies
sundaymorningstaple wrote:Fair enough, but why the extra comma in 5,000,000 or 5,0,00,000???
5,0,00,000 is a typo ...
it's 50,00,000 (Indian) or 5,000,000 (Western) ...
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