With the rupee breaching 56 and Europe imploding, am reminded of this great movie dialogue
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Europe is imploding !!
(source:Bloomberg)
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Rakesh Jhunjhunwala’s buying spree
Rakesh Jhunjhunwala has been on a buying spree (more at BusinessLine)
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What was that again?
“Everybody was telling me that if you don’t increase the fares you are going to turn the railway coaches into coffins,” Dinesh Trivedi, former railways minister, told India Ink in March 2012
A prescient statement considering yesterday’s railway accident which killed 29 people
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Linkfest:May 23, 2012
Some stuff I am reading today morning:
Rupee freefall hurts foreign investors (WSJ)
Weak Cement prices will affect profitability (Mint)
JSW Energy:Desperately seeking black gold (BusinessStandard)
The ultimate bullish presentation for gold (BusinessInsider)
Is Facebook the rusty hinge of the stock market? (DailyReckoning)
Even the underwriters were sick of Facebook ! (DealBreaker)
Bollywood gossip of the week (RajeevMasand)