As the benchmark Sensex kept climbing stratospheric heights and zoomed past even the once unimaginable 20,000 mark, investors who had joined the party early, literally started laughing all the way to the bank. FIIs fell passionately in love with Dalal Street and wooed it with more than $20 billion of smackeroos. With the India story getting brighter and brighter, the Rakesh Jhunjhunwala forecast of 25,000 is not too far away.
How to count the chickens!Suddenly, India started spewing forth dollar billionaires like a fountain unleashing water. The latest Forbes list has 34 Indians in the top billionaires list – much more than any other country, except America. In fact, for a brief while, when madness was ruling Dalal Street, Mukesh Ambani became the richest man in the world. Names that weren’t too well known like K. P. Singh, Ramesh Chandra and Tulsi Tanti too have joined the list of billionaires. And many more will join soon!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
How to count the chickens!Suddenly, India started spewing forth dollar billionaires like a fountain unleashing water. The latest Forbes list has 34 Indians in the top billionaires list – much more than any other country, except America. In fact, for a brief while, when madness was ruling Dalal Street, Mukesh Ambani became the richest man in the world. Names that weren’t too well known like K. P. Singh, Ramesh Chandra and Tulsi Tanti too have joined the list of billionaires. And many more will join soon!
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)
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