Voices

``The stock market remained overvalued by historical norms.''-- Mr Warren Buffett, Chairman, Berkshire Hathaway Inc.

``You basically have to listen to Mr Warren Buffett. Some things he said were quite painful. But by God, the man is a genius and so far seems right.'' -- Mr Jeff Bezos, Chairman, Amazon.com

``While the slowdown is a cause for concern, the overall economic situation is good.'' -- Dr Bimal Jalan, Governor, Reserve Bank of India.

``UTI does not have the intention of swelling the corpus of US-64 and the focus will be on improving management of what is with the fund.'' -- Mr M. Damodaran, Chairman, Unit Trust of India.

``HDFC does not plan many more subsidiaries except for one for non-life insurance business'. -- Mr Deepak Parekh, Chairman, HDFC.

``Tough times never last, tough institutions (such as UTI) do.'' -- Mr M. Damodaran, Chairman, Unit Trust of India.

``The first quarter witnesses the lowest flat product prices in the international price cycle. This affected domestic prices.'' -- Mr J. J. Irani, Managing Director, Tata Steel.

``The downward rating revision of IDBI reflects the deterioration in asset quality, continuous decline in profitability, contraction of spreads and challenges in repositioning itself to compete effectively.'' -- Comment by Crisil.

``The fact that Intel cut chip prices is not a good sign and things are a lot worse at Sun Microsystems.'' -- Mr Chuck Hill, Research Director, First Call/ Thomson Financial.

``It was important that Bharti took over a running operating in Kolkata...building a new one would have been a massive exercise.'' -- Mr Sunil Bharti Mittal, Chairman, Bharti Enterprises.

``The Union Government would secure the involvement of financial institutions in the disinvestment in Maruti Udyog.'' -- Mr Manohar Joshi, Minister for Public Enterprises.