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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (1534)	1/25/1998 11:44:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 9980

Wow,that IS a lot of gold. Source: Business Standard -------------------------------------------------------------------- The gold market and the gold-linked financial products are set to become more sophisticated in India, says Abhijit Das India hoards more than eight per cent of the gold that has ever been mined in the world. In figures, that works out to 9,500 tonnes of gold worth about Rs 4,930 billion. But the market for gold has remained unsophisticated, and that for gold-linked financial products, undeveloped. All that is set to change now............. ------------------------------------------------------------------- ps:1 billion Rupee = Approx.US$ 26 million ie.approx. $124 worth of gold per person

To: Mohan Marette who wrote (1534)	1/25/1998 1:38:00 PM
From: LKO	Read Replies (2) \| Respond to of 9980

Some Random comments and pointers... Bangalore to get tallest IT park ... high power committee of the Karnataka government giving its consent for the Rs 480 crore project. To be called the Space City, the 360 metres tall, 100-storey building is planned to provide 1.6 million sq ft of office space How much is a "Rs 480 crore" project ? What is a "high power committee ?" ...provide working space for 20,000 software professionals. That is a lot of software professionals. Software outsourcing to to India helps the bottom line of US companies with direct subsidiaries there by reducing costs. Anyone know of any direct plays with ADRs etc in Indian public companies doing software outsourcing ? I hear it is hard to look into the financial books of Malaysian companies by normal investors on this thread How are financial reporting requirements in India for public companies ? As a aside... Some discussion on Qualcomm thread on general Asia outlook in the following posts and their replies. Message 3250058 Message 3250079