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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Sam Citron who wrote (3566)	1/26/1999 9:12:00 AM
From: Mohan Marette	Read Replies (3) \| Respond to of 12475

Thanks for a well thought out post. Sam: As you I am a bit concerned about all this religious animosity that seems to be emerging at certain quarters of the society.I hope it is just an anomaly and not the norm.Well that would be uncivilized and quite counter productive to the well being of the country.I think a lot of the blame goes to the successive governments both central and states for ignoring the bottom rung of the society. As for conversion,I am against any forced conversion be it any religion,no problem for me if someone wants to change religion on their own accord,seems more reasonable and logical.I also have no objection of any religious missionaries doing social work if they choose to but to use it as a means to convert seems rather very cunning and devious.Also I do believe any conversion that is occurring due to material incentives is rather a curious phenomenon as these people couldn't care less about any particular religion as they will most likely to convert into anything if they can get something out of it,not very meaningful if you ask me.I am also not a big fan of proselytization as I don't see the need or compulsions of people to impose their religion on somebody else by force or persuation. Since I am not all that religious so my views might be a bit radical but what the heck that is me. I think we are quite fortunate to have multicultural,multi-religious society in India and I hope we remain that way in spite of the religious and cultural differences,that is what makes the country quite unique and a special place in the world,I fervently hope no forces (be it religious or political)succeed in changing the fundamental social structure of the country.I love the country the way it is but we can use some changes in thinking particularly when it comes to castes issues and upliftment of the people who are in the fringes of society as they need education,health care and opportunities to move up in society and I am hoping the government will see the light finally and do the needful before it is too late. Bike Baba-No the picture was quite clear,it must be your computer. Enjoyed your post very much,do come and visit us as time permits,that will be great.

To: Sam Citron who wrote (3566)	1/27/1999 9:26:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Indian Tech Firms Gaze West Sam: Here is some more news about the possible listings of Indian Tech firms in the U.S during 1999. ========================= Reuters 7:30 a.m. 27.Jan.99.PST BOMBAY -- At least two Indian technology firms are likely to list on the New York Stock Exchange or Nasdaq in 1999, stock market officials and bankers said on Wednesday. Dewang Mehta, the president of the National Association of Software and Service Companies, which represents India's software industry, said he expects five IT firms to list in the United States in 1999. Several Indian tech firms, encouraged by booming revenue growth from software and services exports, have been planning US listings to tap the tremendous appetite for technology stocks there and raise funds for overseas acquisitions. "The first two firms could probably list in the first quarter of this year," said Alfred Elbrick, managing director of investment banking for BT Alex Brown International. Analysts expect Infosys Technologies to list within the next two months, closely followed by HCL Technologies, a part of the HCL group. James Shapior, NYSE vice president for Asia Pacific, said a number of Indian tech firms were ready for listing, but the number that actually did so in 1999 would depend on US market sentiment. "A couple of Indian companies could get a lot of attention and that would draw several others to follow suit. It would be a very positive thing for India and for US investors," Shapiro said. Nasdaq is in close competition with NYSE to attract Indian tech companies, and said it too expects many such companies will eventually be listed on US markets. "There is no reason why India cannot follow the example of Israel," said Patrick Sutch, the market's Asia Pacific director. Sutch said that Israel had nearly 80 technology stocks listed in the United States, and most of them were doing very well.