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Indian ADRs lose $650 million of market value in April
“Carriage fee is now a well-regulated issue and it should be transparent. We will intervene if required but we won’t relook at the recommendations,” he said in an interview to NDTV.
02 May 2012, 07:42 PM IST 
Michael Perschke, head of Audi India, poses with the new A4 at its launch in Mumbai.
Shares of Indian companies trading on American bourses collectively witnessed a value erosion of nearly $650 million in April, with IT giants Infosys and Wipro accounting for most of the losses.In April, the 15 Indian entities listed on the New York Stock Exchange and Nasdaq saw their cumulative market value declining by $647 million. This was in comparison of a collective loss of about $5.69 billion in March.Among the entities liste...
