Greaves Cotton, for instance, has converted half its holding into commercial real estate (a multiplex) while Elpro plans to follow suit by developing half its 37-acre land at Chinchwad.
Like the US, India too has a sub-prime market and it is booming. The success of early entrants like Citi Financial and GE Money has encouraged several others to enter the consumer lending business, nearly half of which is a sub-prime market.
Even if you assume a higher return fare of Rs 40,000, the yield will still be lower than the costs.
As competition hots up, airlines are doling out freebies to wean away customers.
Mukesh will invest Rs 25,000 crore in setting up an SEZ in Navi Mumbai
"Why should we panic? Today, the market is at a higher level. Even a 400 points fall is less than 3 per cent of the market," said Anoop S Kumar, a retail investor who works for a public sector bank. He's not alone who thinks so.
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