Archive for November 27th, 2008
Message from Mr. Ratan N Tata, Chairman Tata Sons and Chairman, Indian Hotels Co Ltd (Taj)
”The terrible wanton attacks last night on innocent people and the destruction of prominent landmarks in India deserve to be universally condemned. My sympathies and condolences go out to all those who have suffered, been injured, and those who have lost their loved ones in this terrible act of hatred and destruction.
We cannot replace [...]
101 dead in terrorist attack, BSE, NSE Shut, Mumbai on Red Alert
Mumbai: After the fierce terror attacks rocked the Indian financial capital on Wednesday night, the state administration and markets came to on halt. As per the initial estimates, nearly 101 people dead and 300 injured in the terror attack.
Securities Exchange Board of India declared to shut the trading at Bombay Stock Exchange and National Stock [...]
Terrorism Strikes India’s Financial Capital Mumbai
By Nikhilesh Bhattacharyya, Associate Economist, Moody’s Economy.com
Nov 27, 2008: In an attempt to destabilise markets and scare off tourists, terrorists have attacked major landmarks in India’s financial capital, targeting spots that are popular with foreigners. The Mumbai stock market—which is in the vicinity of the areas targeted by terrorists—is likely to be open on Thursday despite [...]