Article on The global financial crisis:BT

Cover Story
The global financial crisis
Puja Mehra
The green signal for a $700-billion bailout of US banks wasn’t enough to turn the tide in global financial markets. Even six of the world’s central banks coming together to release hundreds of billions into the system couldn’t stem the panic. It has to get worse before it gets better. Puja Mehra reports.
So, where is the money?
Bear hug / Sense of rumour
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Editor's note
From the editor
Rohit Saran
Our primary task was to understand the magnitude of the crisis and give you the most updated assessment of its impact on India. The cover stories (divided into eight small and easy-to-read features) attempts to do exactly this. The spread of our offering ranges from a country-by-country assessment of the financial crisis to the diagnosis and prognosis of the liquidity shortage (including stock market) and a small pointer to the opportunities the crisis has opened up for Indian companies.

Top Mind
Now, get paid to receive SMSes
What is it? A free SMS service from YouMint, started by Ankush Johar, who claims to have pioneered the concept in 2002. Since then, Johar has moved to England and YouMint is his third entrepreneurial venture in the telecom space.

Current
Savvy investor
Rahul Sachitanand
Wipro chief Azim Premji is quietly picking up stakes in companies with strong business models.
Khattar’s second innings
Modi hosts India Inc.
TCS rides to the Citi
Divided we stand
IBM’s discovery of India
Another airport expansion
Opera’s challenge

Noted
Ranked
SBI, which has assets of over Rs 7 lakh crore, 57th in the list of the world’s Top 1,000 banks this year, by the UKbased banking publication The Banker. SBI was ranked 70th last year.

Special
Giants on the prowl
Rahul Sachitanand & Kushan Mitra
Foreign information technology giants aren't just dominating the domestic market, they're opening up new segments and setting the agenda for some categories.
Re-inventing Indian IT
BPO 2.0
Beyond the obvious

Trends
Just wondering...
What happened to Dilip Chhabria’s plans of launching a made-in-India sports car? Well, the plan is on track.
The gap Is growing
New launches
“We will dominate the Indian market”
The big fall
Tugging at your heart strings
Instan tip
Now, get paid to receive SMSes
Numbers of note
Ranked
Now, shop online for loans
The 6 most over-hyped gadgets
Out in the open
Economy watch
Talebearer
How times have changed
Reprieve for ad industry
India slips on competitiveness
To be precise
Liberal ECB norms on the cards

Money
The slowdown-proof stocks
Rishi Joshi
It's bad out there and it could get worse. With the stock markets in a tailspin, long-term investors can profit by buying into companies that can beat the slowdown in the coming months.
Avoid your own financial crisis
On the right track
Back in business
Fix it right

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Numbers of note
October 13, 2008

175-plus: The number of channels offered by telecom operator Bharti Airtel’s just launched direct to-home (DTH) satellite television service

1,000: The number of jobs eBay, the world’s largest online marketplace, will slash globally. The figure is equivalent to 10 per cent of its global workforce

Rs 6,800 crore The cumulative operational losses that Indian airlines are expected to suffer in 2008. The global aviation industry is expected to lose $4.1 billion (Rs 19,680 crore)

$8.8 billion (Rs 42,240 crore) The amount of money FIIs have pulled out of the Indian stock markets till the end of September 2008

$42 billion (Rs 2,01,600 crore) The value of investments in US subprime mortgages that investment bank UBS had to write off, the highest by any bank in Europe.

Source: http://businesstoday.digitaltoday.in

Corporate News Round-up

Indian Bank Q2 net up at Rs.282.93 cr
Allbank Q2 net dips, y-o-y business up 16%
2,500 employees of RIL to go on strike on Oct 24
Kingfisher slashes salaries of trainee pilots
Forex reserves fall $10 b on FII outflows

Sensex @ 10K: up in 483 days, down in 193
Satyam beats guidance; net profit rises 42%
RIIL net dips 3% to Rs 5.32 crore
Ultra Tech Q2 net down 12% at Rs 164 cr
Federal Bank Q2 net up 20% at Rs 114 cr

RNRL wants Reliance Industries to pay price differential
US economy will bounce back: Bush
Markets: It's a perfect ten for value pickers
Gold plunges further by Rs 210
Analysts fear more losses

Chandrayaan countdown to start on Monday
Chambal Fertilisers Q2 net slips 20% to Rs 47.5cr
HDFC net profit up 32% excluding one-time gains
Small investors take heart, top 10 in rich list lost $139 bn
RBI employees say to strike on Oct 21

Now, IITians get regret letters from top IT firms
Where will the Sensex head to now?
Blue chips fall by the wayside
Emerging mkts see 40-70% drop in PE valuations
Analysts fear more losses after Indian stocks crash

More losses expected
Sonata Software
Hindustan Construction
Investment Ideas - Value Picks
Stocks Below Book Value
Weekly Wrap - Oct 20 2008

Top Equity Mutual Fund Picks
Eveninger - Oct 17 2008
Sasken Communications
Weekly Futures Options - Oct 17 2008
Sensex plunges more than 500 pts for the week

Weekly Newsletter - Oct 18 2008
Turbulence in Indian skies
Wanting too much too fast
Govt panics, steps up effort for liquidity
Global markets recover, but worst may not be over
RBI policy review, global markets to dictate trend...

Source: ET,BS, BL, deadpresident etc