- Railways Minister Dinesh Trivedi announces a hike in raild prices, and immediately Mamata Bannerjee, head of the Trinamool Congress (TMC) opposes it. The funny part: Dinesh Trivedi is a member of the TMC.
- Why I am leaving Goldman Sachs: Greg Smith says the culture of helping customers is gone. If you read Traders, Guns and Money by Satyajit Das, it went a long time ago. No one now expects your bank to think in your favour.
- Jet Airways NOT in financial distress, says Naresh Goyal, Chairman. Don’t believe any news till it has been officially denied.
- Wipro’s founders were selling 3.5 crore shares (1.4% of the company) at a floor price of Rs. 418, which seems to have got only 71% subscribed. This auction thing will soon be replaced with promoters selling in the open market and then saying, oh, we sold it off.
- Reliance has some GRM worries, says Deepak Singh
- Chinese stocks fall 2.5% as Wen Jiabao says that home prices are still too high and curbs on them will continue.
- And a phenomenal own-goal in Israel:
