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Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for, said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
Silicon News Oct 13, 2008 Markets Rally On European Action To Strengthen Banks
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People in India are beginning to realise that the financial upheaval globally will not pass the country by, says Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group. "Detroit's Big-three (General Motors or GM, Chrysler, Ford) are in trouble. Reports say GM and Ford are heading for bankruptcy, and GM and Chrysler are talking merger. The auto sector drives the economy, companies like these and Citigroup, if they are in trouble, it spells trouble for us," he added.
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Concerted European action to strengthen the banking system has given the much-needed confidence that investors were looking for, said Jagannadham Thunuguntla, head of the capital markets arm of India’s fourth largest share brokerage house SMC Group.
Silicon News Oct 13, 2008 Markets Rally On European Action To Strengthen Banks
Silicon News Oct 13, 2008 Markets Rally On European Action To Strengthen Banks
Jagannadham Thunuguntla
xxxxxx
Videolan
Videolan
zorley
People in India are beginning to realise that the financial upheaval globally will not pass the country by, says Jagannadham Thunuguntla, head of the capital markets arm of India's fourth largest share brokerage firm, the Delhi-based SMC Group. "Detroit's Big-three (General Motors or GM, Chrysler, Ford) are in trouble. Reports say GM and Ford are heading for bankruptcy, and GM and Chrysler are talking merger. The auto sector drives the economy, companies like these and Citigroup, if they are in trouble, it spells trouble for us," he added.
AOL News Oct 13, 2008 When Will Mayhem End, Think Investors
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