Times of IndiaPosted by Yogesh on Monday, 5 May, 2008
Thesteet says
Shares in Hong Kong closed lower Monday, as China MobileCHL and Alibaba.comALBCF sank on stock-specific news, and investors seized the day to take profits after the Hang Seng hit a three and a half month high last week.
The Hang Seng finished 57 points, or 0.2% lower, at 26,183.95, but mainland-listed A shares rose after local news reports that CITIC …
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Posted by Yogesh Agrawal on Monday, 5 May, 2008
Thestreet says
Some exchange-traded funds representing the ‘BRIC’ countries — Brazil, Russia, India and China — achieved performance numbers in the month of April that would make many investors happy if they were spread …
Posted in Personal Finance | Tagged: BRIC, ETF | 1 Comment »
Posted by Yogesh on Monday, 5 May, 2008
Reuters says
India, now under scrutiny due to rice export curbs and growing consumption that have helped drive grain prices to record highs, could help ease global food security fears, the country’s most revered rural economist said.
On Sunday U.S. President George W. Bush said India was partly responsible for rising global food prices, provoking a backlash from Indian politicians, who retorted that the U.S. policy of promoting corn-based ethanol in motor fuel supplies has had bigger impact on world food prices.
Posted in Uncategorized | Tagged: Food | Leave a Comment »
Posted by Yogesh on Monday, 5 May, 2008
Reuters says
India’s Larsen & Toubro Ltd said on Monday it had won an order worth 3.4 billion rupees ($84 million) from state-run Power Grid Corp for setting up power transmission lines.
Posted in Corporate News | Tagged: Larsen and Turbo | Leave a Comment »
Posted by Yogesh on Monday, 5 May, 2008
India Knowledge@Wharton says
It seems as though everyone is investing in India. During the past few years, every type of investment in the country — including private equity and venture capital — has exploded. Last year, net foreign institutional investment inflows topped $17 billion. In contrast, just four years ago, in 2004-05, total FDI (foreign direct investment) in India stood at $3.75 billion.
Posted in Indian Economy | Tagged: Investing | Leave a Comment »
Posted by Yogesh on Monday, 5 May, 2008
Knowledge@Wharton says
Several years in the making, the dream of a world-class aviation hub for India’s Silicon City has finally been realized. But there’s just one small problem: How exactly are people supposed to get there?
“the chief minister of Uttar Pradesh, Mayawathi, wanted to build the Ganga expressway — 1,000 kilometers and 25,000 acres of urban real estate development. It took her just 30 days to bid it out and pick a developer.”
Some 30% of the country is urbanized; 3% of the land mass houses this 30% of people, who contribute more than 60% to India’s GDP.
Posted in Indian Economy, Sector Spotlight | Tagged: Mayawathi, Real Estate | Leave a Comment »
Posted by Yogesh on Monday, 5 May, 2008
Knowledge@Wharton says “The Big B, Hindi cinema superstar Amitabh Bachchan, was missing at FICCI Frames, the annual meeting of the entertainment and media (E&M) industry held by the Federation of Indian Chambers of Commerce and Industry. So was information and broadcasting minister Priya Ranjan Dasmunshi, who was supposed to inaugurate the recent three-day event in Mumbai. In his absence, there were no policy pronouncements, something that had been eagerly awaited. “
Posted in Sector Spotlight | Leave a Comment »
Posted by Yogesh on Monday, 5 May, 2008
An article on The Street says “Reliance Industries, India’s biggest company by market capitalization market-capitalization, on April 21 announced its fourth quarter and annual results. The company reported a net profit (excluding exceptional items) of Rs.15,261 crore ($3.8 billion) on annual revenues of Rs. 139,269 crore ($34.4 billion). “Reliance beats Street estimates,” said Thomson Financial News. “Reliance misses estimates,” said Bloomberg.
Estimates can, of course, vary. But, at a time when nobody seems to know how to read the future of India’s economy, such mismatched interpretations of corporate performance just add to the confusion. “The market has decoupled from reality,” says Nandan Chakraborty, head of research at financial services provider Enam.”
To read more on this article click here
Posted in Indian Economy | Tagged: Reliance Industries | Leave a Comment »
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