The Indian Economy Blog

Archive for the 'Business' Category

Guest Post: Mukesh Ambani Under Fire

Tuesday, July 8th, 2008

Mohit Satyanand Though I have never invested in the shares of Reliance Industries, my recently gleaned understanding of the world petroleum scenario has made me respect the company’s vision in its refining projects. As I mentioned once earlier, RIL’s existing refinery, and the one nearing construction, reportedly have unparalleled flexibility to process heavy, high-sulphur (so-called [...]

Guest Post: An Exercise in Damage Assessment

Tuesday, June 24th, 2008

By V Anantha Nageswaran For a while, at least, Asian currencies are caught between rocks and hard places. We struggle to construct realistic scenarios under which Asian currencies rally. Only a credible and reasonably aggressive policy response to the inflationary impulse washing through the region would do that. It would restore policy credibility, improve local [...]

Don’t Write Off India Inc?

Monday, June 9th, 2008

So says Hugh Young in the Financial Times Indian companies have on the whole risen above the meanderings of government, and in so doing have provided a platform for their shares to do likewise. ……… Granted, unlike some of its Asian cousins, India will remain a frustrating place for investors, as sensible policies one week [...]

Guest Post: Big Brand Acquisitions And The Tata Group’s Strategy

Monday, May 26th, 2008

Mritiunjoy Mohanty, Assistant Professor at IIM, Calcutta and a visiting scholar at Institut D’études Internationales De Montréal (IEIM) of the Université du Québec à Montréal (UQAM) sends us this guest post, in response to the debate raised by Kiran’s post on the Tata’s LandRover/ Jaguar acquisition. I don’t agree with Chaitan Kansal that joint ventures [...]

165 licenses

Wednesday, May 7th, 2008

The Four Seasons launches in Mumbai. This bit is stunning – Bureaucracy and a shortage of skilled workers make building hotels difficult – the opening of the Four Seasons was delayed by at least two years. The hotel needed 165 government permits – including a special licence for the vegetable weighing scale in the kitchen [...]

The Indian Real Estate Bubble — circa 2008

Friday, April 18th, 2008

There was a post on IEB in December 2006, on whether there was a bubble in Indian real estate (Link), courtesy IEB reader Annamalai Veerapan. 16 months later, Annamalai is back with a follow up post on the real estate bubble. It is reproduced below in full – ______________________________________________________________ Who owns real estate loans in [...]

Opportunities From Big Brand Acquisitions

Saturday, March 29th, 2008

When Tata Motors launched the Nano it was probably the most globally high-profile move by an Indian auto company. We examined some implications then. We now look at some implications of another equally high-profile event – the Jaguar-Land Rover takeover. While the Nano was good for brand Tata, getting it noticed all over the world, [...]

The Smartest Unknown Indian Entrepreneur

Monday, March 3rd, 2008

In an interesting article on Forbes titled ‘The Smartest Unknown Indian Entrepreneur’ , Sramana Mitra profiles Sridhar Vembu, the founder and CEO of an Indian firm called AdventNet. The firm today, is a ’100%, bootstrapped, $40-millio-a-year revenue business that sends $ 1 million to the bank every month in profits’. The whole piece is worth [...]

Capital Investment: The Next Wave of Growth

Saturday, February 9th, 2008

Chandra Kochar, joint managing director and chief financial officer of India’s largest privately owned bank, $80 billion ICICI Bank, is bullish on India growth story. She contends that the growth in India is shifting from consumerism to manufacturing and infrastructure. In the last five to seven years, India has grown on the basis of its [...]

A Great Disruptor

Friday, January 25th, 2008

The Tata Nano has been one of those products you just cannot ignore. While it got media coverage around the world, the reactions, though mixed, flowed easily. On the one hand there has been pride in the “World’s cheapest” tag, as a great achievement for Indian industry. The “People’s Car” tag has been well received [...]

India’s Retail Revolution: Question 2

Sunday, December 30th, 2007

How much lower are prices because of the new retailers? Are clothes and shoes at the malls and new retail stores in India much more expensive than in the United States? It seems that way, to me at least. For instance, during my last visit to Chennai, I bought a pair of Reebok sneakers having [...]

India’s Retail Revolution: Question 1

Tuesday, December 25th, 2007

How many jobs have the new retailers actually created? The Wall Street Journal, in an article last month, writes that jobs in India’s booming retail industry are a ticket out of the slums for many. The article, titled Humble Jobs at the Mall Are Lifting Legions of Indians Out of Poverty and told from the [...]

The Rise And Rise Of The Rupee, Or How To Screech A Galloping Elephant To A Halt Atop Of A Dollar Bill

Friday, December 21st, 2007

Well my advice on this one – the galloping elephant part (you know, we’ve had the Tigers, the Lynxes, and the Giant Panda, and now its the turn of the Thundering Elephant to lead the global economy onwards and upward) – is not to try it. The very least that could happen is you get [...]

The Economist On India

Wednesday, December 19th, 2007

Well, here I am, hard at it trying to write a review for this blog of the latest Economist Intelligence Unit country risk report on India (which, worry not, will follow in due course) and what I find myself doing is revving-up on all cylinders to come back and point out some of the facts [...]

Meet The New Boss…?

Monday, December 3rd, 2007

Removing corruption in India entails a look at ultimate reasons, not proximate causes Here’s a supposedly novel approach to corruption, the legalization of bribery, courtesy Ajay Shankar Pandey, the Municipal Commissioner of Ghaziabad [Chicago Tribune]. Today, contractors being paid after finishing long-delayed construction projects write the municipality a check for the 15 percent bribe that [...]

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