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Article on India Bankruptcies

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Bigjohn32819
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Re: Article on India Bankruptcies

Postby Bigjohn32819 » Tue, 17 May 2016 11:30 am

need to sign up to access article ...

not a member ...

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rajagainstthemachine
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Re: Article on India Bankruptcies

Postby rajagainstthemachine » Tue, 17 May 2016 11:36 am

Broken link takes you elsewhere...
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rajagainstthemachine
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Re: Article on India Bankruptcies

Postby rajagainstthemachine » Tue, 17 May 2016 11:43 am

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
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Bigjohn32819
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Re: Article on India Bankruptcies

Postby Bigjohn32819 » Wed, 18 May 2016 8:15 am

Thank you.

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rajagainstthemachine
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Re: Article on India Bankruptcies

Postby rajagainstthemachine » Thu, 19 May 2016 10:47 am

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.
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Bigjohn32819
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Re: Article on India Bankruptcies

Postby Bigjohn32819 » Thu, 19 May 2016 12:16 pm

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 ...

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rajagainstthemachine
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Re: Article on India Bankruptcies

Postby rajagainstthemachine » Thu, 19 May 2016 2:37 pm

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!
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Bigjohn32819
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Re: Article on India Bankruptcies

Postby Bigjohn32819 » Thu, 19 May 2016 3:07 pm

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!


a real eye opener mate ...

[-o<

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sundaymorningstaple
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Re: Article on India Bankruptcies

Postby sundaymorningstaple » Thu, 19 May 2016 3:27 pm

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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rajagainstthemachine
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Re: Article on India Bankruptcies

Postby rajagainstthemachine » Thu, 19 May 2016 3:33 pm

sundaymorningstaple 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? :???:


http://www.3a-strategy.com/about-us-car ... aCurrrency
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Re: Article on India Bankruptcies

Postby sundaymorningstaple » Thu, 19 May 2016 3:52 pm

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


Fair enough, but why the extra comma in 5,000,000 or 5,0,00,000???

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rajagainstthemachine
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Re: Article on India Bankruptcies

Postby rajagainstthemachine » Thu, 19 May 2016 4:57 pm

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.
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Re: Article on India Bankruptcies

Postby Bigjohn32819 » Thu, 19 May 2016 6:08 pm

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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