Thursday, 27 November 2008

Indian stock exchanges closed in wake of Mumbai terrorist attack

(By Anthony Miller) There’s really nothing much we can add to the news of yet another terrorist attack in India’s financial capital, Mumbai. Events like this usually (and not unsurprisingly) upset the Indian tech stocks for a day or so, but the players are well versed in damage control (physical and PR) as they put their disaster recovery plans on standby. I don’t think any of the Indian SIs’ facilities had been under attack, but TCS’s headquarters is in that precise area. The tragic loss of life and deep concern over the fate of the hostages will be in the forefront of everyone’s mind. Indeed, one of our clients was due to stay at the Oberoi next week. We can only hope this event is resolved as peacefully as possible.

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