BO and Housing Development Finance Corp HDFC

You will find accounting irregularities anywhere in the world. It's a buying opportunity for India after it has been sold down," Adrian Mowat, JPMorgan's emerging market and Asia equity strategist, said in Hong Kong."It's a scandal, it doesn't change the growth prospects of India. Let's face it, we have seen a lot of accounting scandals in the U.S."India's benchmark index .BSESN has fallen almost a tenth since Satyam's chairman Ramalinga Raju resigned on Wednesday in India's biggest corporate scandal in memory, saying that about $1 billion or 94 percent of the cash and bank balances in the company's book's did not exist and profits had been overstated.Foreign funds were key to a bull run that saw India's market rise by six times between 2003 and 2007. The benchmark index fell 54 percent in 2008, its worst year ever, after foreign funds withdrew more than $13 billion.Macquarie Research, in a January 8 note, raised India to overweight from neutral because it said the country was trading at a discount to Asia ex-Japan."... with earnings expectations slashed, and a tremendous amount of monetary stimulus in the pipeline, the case for India has improved dramatically recently," Analysts Daniel McCormack and Tim Rocks said in a research note.To combat slowing economic growth, the central bank has slashed key lending rates and the government has announced additional spending.Some investors in Europe said they would wait for signs of widespread malfeasance among Indian companies before deciding on a change in the Indian investment policy."We do not think it is the time to panic.

Long-term investors should continue to prefer companies with good corporate governance records," Credit Suisse said in a January 8 research note, pointing to firms such as Infosys (INFY.BO), Bharati Airtel (BRTI.BO) and Housing Development Finance Corp (HDFC.BO).Quick action by the regulator and better corporate governance norms would play a large role in supporting sentiment.The Securities and Exchange Board of India, the market regulator, has already started an investigation into Satyam and the government has promised action to prevent other frauds.Samir Arora, who oversees about $1 billion at Helios Capital Management in Singapore, said foreign investors may be scared off for a while, but expected confidence to return."The bad news is behind us, India will be an outperformer if action is put in place. Investors can make money here," he said.(Additional reporting by Jun Ebias in HONG KONG)(Editing by John Mair) Deals Hot Stocks. DUBLIN, Ireland(Business Wire)Research and Markets( http://) hasannounced the addition of the "China Water Supply Market Report, 2008" report totheir offering. China has inadequate water resource; its water occupancy per capita is 22million m3 only, which is 1/4 of the world's average level, however, the waterconsumption in china keeps increasing, the total water supply in china increasedto 54.05 billion m3 in 2006 from 47.53 billion 47.53 billion m3 in 2003 , up by13.74. But the figure has dropped in 2007, yet as the urbanization degree inChina is comparable low, there's still a considerable development potential forthe water supply market. Besides, as water resource is becoming scarce, and thewater consumption is constantly increasing, water supply companies will havefavorable conditions for further developments. During Jan to Aug, 2008, the sales revenue from water supply in china was CNY50.23 billion; up by 10.74 year on year, moreover, the number of water supplycompanies reached as many as 1760, up by 63.

This report makes an in-depth analysis on the status quo of China water supplymarket and forecasts its further developments based on the authoritative datareleased by Ministry of Water Resource and National Bureau of Statistics. Key Topics Covered: Overview of China Water Supply Market China Water Supply Market Environments Supply and Demand Analysis China Water Supply Market Operations Analysis of Key Companies Investment Opportunities and Risks ChartsCompanies Mentioned: Beijing Capital Co., Ltd Shanghai Chengtou Holding Co., Ltd Nanhai Development Co., Ltd Wuhan Sanzhen Industry Holding Co., Ltd Qianjiang Water Resources Development Co., Ltd Eguard Resources Development Co., Ltd Jiangxi Hongcheng Waterworks Co., Ltd Tianjin Capital Environmental Protection Group Co. LtdFor more information visit http:// and MarketsLaura WoodSenior Fax from USA: 646-607-1907Fax from rest of the world: 353-1-481-1716 Copyright Business Wire 2009. UFC 108 has undergone more changes due to injuries than any other UFC card that I can think of. Originally scheduled to be the spectacular year end show that the UFC holds every year, it has been left with a questionable main event.A middleweight title bout between champion, Anderson Silva and Vitor Belfort was originally scheduled for the main event but Silva has had surgery on his elbow and was forced out of the bout for the time being.With Brock Lesnar forced to withdraw from his UFC 106 title defense against Shane Carwin due to an undisclosed illness, the UFC wanted it to occupy the main event slot for UFC 108. Now it has been determined that Lesnar will be out for the long haul, canceling that bout indefinitely.On top of that, Carwin is now scheduled to undergo surgery on his knee.Up next was a match to determine who would face the eventual winner of the Lesnar-Carwin affair between rising Mexican superstar,Cain Velasquez and the future Hall of Famer, Antonio Rodrigo Nogueira.Unfortunately, Big Nog has once again been diagnosed with a severe staph infection and will not be able to square off against Velasquez.With just under two months remaining until the card takes place, the UFC has determined that the former co-main event match-up of Thiago Silva and former UFC light heavyweight champion Rashad Evans will now serve as the main event.Both men are skilled fighters and have incredible knockout power but neither man can sell a pay-per-view by themselves and combining the two of them will not do much to boost PPV sales.The card itself offers quality matchups including former WEC welterweight champion, Carlos Condit facing Paul Daley.

Daley is looking to prove that his first round knockout of Martin Kampmann at UFC 104 was not a fluke.Also scheduled is an exciting dose of the Lauzon brothers as Joe will be taking on Sam Stout in his first bout since last February. Meanwhile his brother Dan will be fighting inside the octagon for the first time since UFC 64, where as an 18 year old he lost to Spencer Fisher. He will take on American Top Team product, Cole Miller.In an exciting match-up of Brazilian heavyweights, Junior dos Santos will look to run his record to 10-1 as he takes on the underachieving, former number one contender, Gabriel Gonzaga. Tyson Griffin will square off against the always dangerous, Jim Miller and try to capitalize off of the momentum he gained by knocking out Hermes Franca at UFC 103.So as you can see, the card itself has many quality fights between some pretty well known fighters, but it is truly lacking that main event bout that the UFC usually has in its year end card.