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 Posco [...]
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 [...]
Ila Patnaik, writing in the Indian Express sheds some light on why foreign capital is rushing into the country: We must see the issue in the context of the yuan revaluation. The 12 days prior to the Chinese announcement had average net daily equity flows into India of Rs 330 crore. The 12 days after [...]
This is a post that has been blogged on Zoo Station earlier, but I figured it was relevant and interesting enough for IE readers as well. The Economist’s Big Mac Index is an easy (even if overly simplistic) way to find out which currencies are under-valued and which are over-valued, depending on the cost of [...]
Why are Indian interest rates so low? And whom does it benefit? Over the last two years, the average difference between the US and India 10-year treasury yields is about 2%. This does not even cover the 3% point difference in official inflation rates –the true difference in inflation is even larger since the goods [...]
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