$6 bn in a Week, Loss To US Listed Indian Companies
Indian companies listed on the American bourses lost nearly six billion dollars in just one week, with the market value of HDFC Bank eroding as much as $1.38 billion, amid worsening financial turmoil and scour corporate news battering world markets.
The 16 Indian firms in the New York Stock Exchange and Nasdaq collectively lost [...]
22 US Banks Bankrupt in One Year, Collapsed List in 2008
Total of 22 American banks have collapsed this year so far, and uncertainty over banking giant Citigroup, struggled this week to save itself from becoming number 23 in this fast growing long list , on Friday, three US banks collapsed with two of them being in California and the third one in Georgia.
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ICICI Bank Q2 Results, Net up 31% at Rs 580 cr
After the Bad Phase and Rumor of ICICI bankruptcy , Country’s top private sector lender ICICI Bank on Monday said its second quarter profit after tax rose to Rs 1,014 crore, up by a modest 1.1 per cent on a year-on- year basis.
The PAT figure for the latest quarter represented a 39 per [...]
Financial Crisis,But Top CEO Took Home Over $1 bn!
In the midst of a financial turmoil that has raised questions, among other things, about fat executive pay packets, a media report listed out 12 top Wall Street bankers who collectively took home over $1 billion (yes, $1 billion!) in the past five years.
The total take-home pay of the 12 bankers, current and former chiefs [...]
Do ICICI Bank Really Bankrupt News ?
The stories are going on that ICICI Bank may go Bankrupt. No one knows the sources of these stories, but there have been serious losses reported by ICICI Bank .
Total reported losses of around 4 billion Rupees loss by Indian Banks collectively, 75% of those losses have been taken by ICICI Bank i.e. 3 billion [...]
