Tuesday, September 16, 2008

Lehman Brothers collapse to hit stocks, realty and outsourcing

Posted: 15 Sep 2008 10:22 AM CDT

New Delhi/Mumbai, Sep 15 (IANS) Even as global markets tottered under the impact of the buyout of Merrill Lynch and collapse of Lehman Brothers, the world's third and fourth largest investment banks, the India impact will be limited, experts said Monday.

Rupee off lows, but downbeat on stock fall

Posted: 15 Sep 2008 06:25 AM CDT

MUMBAI (Reuters) The rupee was weaker in afternoon trade on Monday as dollar demand from importers and losses in the local stocks weighed but wariness about Reserve Bank of India intervention kept the rupee from falling further.

India Tech stocks slump on financial services gloom

Posted: 15 Sep 2008 04:16 AM CDT

MUMBAI (Reuters) - Shares in India's top outsourcing firms, which earn a key part of their revenues from the U.S. banking and financial services sector, fell sharply on Monday on news of Lehman Brothers' bankruptcy filing.

Indian stocks plummet on global financial turmoil, 1st LdWritethru, AS

Posted: 15 Sep 2008 03:25 AM CDT

MUMBAI, India (AP) _ Indian stocks plunged Monday amid anxiety about the global financial system on news of Lehman Brothers' bankruptcy and the takeover of Merrill Lynch.

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