Google’s Ram Sriram Says Recession Time Is Best To Invest Money!!

Ram Sriram is known as Warren Buffet of the internet world. He wrote a check for Google, when it was a baby and he is also the founder of Sherpalo Ventures.

Ram is a Internet evangelist and an entrepreneurial guru and could be sitting on the next Google! He is in India for the launch of The Indus Entrepreneurs, or TIEs, special interest group on the Internet.

Ram Sriram, Founder, Sherpalo Ventures, and Board Member of Google, said this is a great time to invest. “Recessions are when great companies are built. If you look way back at Microsoft in the 80s, Cisco in the 90s, and then Google in the 2000-10 period, these were companies that were essentially born at the depths of the downturn, because that is a great time to hire people and it is a time when valuations come back down to normal levels.”

He says that he has set his eyes in one company with which he is not naming right now, but intends to speak within an year about same telling that it is not an Indian company and its all about the web domain.

India’s Main Stock Index Down 1020 Points @ The End Today

Indian stock markets suffered massive losses today and kept on slipping further and further deep into red and slid by 1020 points at the end of the market hours, slashing below the 15,000 mark early afternoon.

At 1.46 p.m., the 30-share BSE Sensex was down 791.43 points or 5.02 percent at 14,969.09, its lowest level since late August 2007.

At the same time, the broader based S&P CNX Nifty was down 215.10 points or 4.53 percent at 4,530.70.

The market came down tumbling as the fire sale of ailing US bank Bear Stearns and the Federal Reserve’s emergency cut in its discount rate intensified concerns that there could be more victims of the global credit crisis.

Metals, realty and banking stocks were major losers among sectoral indices on BSE. Ranbaxy Laboratories, JP Associates and HDFC declined sharply. The market breadth was extremely weak. All the BSE and NSE’s sectoral indices were in the red.

More to come…… Wait for for the further details in this post.