Manmohan Singh has an op-ed in the Wall Street Journal, (subscription required) a mini-manifesto, if you will. Regular readers of IEB will find nothing new.
It’s an impressive to-do list, and includes many of our favorite things as well. So, are we going to see Mr Singh finally flexing his muscles and follow [...]
Consulting firm A T Kearney’s annual survey of FDI destinations reveals that
For the first time in the history of the Index, which began tracking the FDI intentions of global executives in 1998, emerging market countries are ranked first and second as the most attractive FDI locations in the world.
… China and [...]
Business Week writes about the success of two commodities exchanges in India.
Two years ago government deregulation allowed two competing Indian exchanges, the National Commodity & Derivatives Exchange (NCDEX), which deals mostly with agricultural products, and the Multi Commodity Exchange (MCX), which mostly handles energy and metals, to open for business. The fully [...]
Consider this experiment: you are a punter, and you get a letter from me saying that I have the ability to forecast the result of all cricket matches, and if you pay me Rs. 10,000, I shall tell you what will happen in the next game so that you can make a killing — perhaps [...]
It’s stale news by now that India is a favourite of the large global private equity firms. The recent announcements by Blackstone and Draper Fisher Jurvetson (of Hotmail fame) to invest $1 billion and $200 million respectively in India confirms this trend. Those who have followed this trend know that a good part of the [...]
Devangshu Dutta writes in DNA:
In the Melbourne Test of 1907-08, the English last wicket pair of Sydney Barnes and Arthur Fielder needed to get 39 runs,while the Aussies, of course, needed one wicket. Most tailenders would have tried to hit the runs off and probably got out. After a mid-pitch conference, these two decided [...]
That excellent columnist, Ila Patnaik, writes in the Indian Express:
The drama in the stock market has highlighted how India is still an immature market economy. It is the job of the stock market to fluctuate, to move in response to expectations. But in the media and in official circles in India, this induces disproportionate hysteria.
To [...]
Gautam Chikermane has an excellent cautionary tale in the Indian Express, the point of which is this: you should exercise the same caution while buying a stock as you would while accepting a job somewhere.
That’s precisely why I have no sympathy for schmucks who lose money after a mad bull run ends. If they [...]
Guess which country’s the single largest foreign investor in India?
It’s not any of the usual suspects — the US, the UK or even Japan .
(Via reader Rasul Sharif)Newsweek reports
In one whopping megadeal, South Korea has become the largest foreign investor in Asia’s second emerging giant, India. On Aug. 31, Korean steelmaker [...]
Brahma Chellaney writes in the Wall Street Journal(subscription required)
China is driving Japan and India closer together. Tokyo, as if to make up for decades of neglect, is enthusiastically recognizing India’s potential as an investment destination and strategic partner. Reversing a long-standing pattern, Tokyo now provides more development loans to India than to China.
Japan’s increased interest [...]
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