Press Esc to close

Welcome to Money Morning - Only the News You Can Profit From.

Close
  • India

  • Investors Leaving India's Market Aren't Thinking Long-Term By Mike Caggeso Associate Editor Of the emerging BRIC (Brazil, Russia, China and India) nations, India's stocks are priced the cheapest as government measures to curb inflation have turned away investors, Bloomberg News reported using its own compiled data. Making matters worse, India has the fewest natural commodities of the four-nation bloc – meaning it's […] Read More...
  • India and Iran Plan Move Gas Project Forward Despite U.S. Reservations By Jason Simpkins Associate Editor After a visit to Sri Lanka, Iranian Prime Minister Mahmoud Ahmadinejad stopped off in India yesterday (Tuesday) to put the finishing touches on an agreement that will bring Iranian gas to Pakistan and India through a $7.6 billion pipeline. The 1,615-mile pipeline will transport 30 million cubic meters of natural […] Read More...
  • With Strong Growth Prospects at Home and Increasing Influence Abroad, India is a Profit Play Investors Need to Make Now By Martin Hutchinson Contributing Editor The Indian market as measured by the Mumbai Sensex Index is down 22% this year, about 25% below its all-time high reached in January. That's not very surprising: China is down further (about 35%) and most other emerging stock markets have also fallen. Growth in 2008 seems likely to be […] Read More...
  • In India, Mobile TV Offers Greater Potential Than Similar Service in the U.S. Market, Study Says By William Patalon III Executive EditorMoney Morning/The Money Map Report The market for mobile TV services in India will reach $360 million this year, as an estimated 12 million consumers sign up for this new entertainment offering in its first year of existence, market researcher Springboard Research announced in a new study released this week. […] Read More...
  • India Embraces Africa, Opens the Door to Competition with China By Jason Simpkins Associate Editor The first ever India-Africa summit concluded yesterday (Wednesday), having laid the groundwork for future cooperation between the regions. In the years ahead, India will be competing with China for influence in a resource-rich continent that boasts strong supplies of gold, silver, cotton, cocoa, and copper and aluminum ore. The two-day […] Read More...
  • India's Strong IT Sector So Far Unaffected by U.S. Turmoil By Jason Simpkins Associate Editor The U.S. financial services sector has been devastated by the widespread collapse of mortgage-backed assets, but banking, financial, services, and insurance (BFSI) operations in India have been markedly less affected. The BFSI segment has historically been the highest spender on technology and accounts for a substantial portion of revenues generated […] Read More...
  • Analysts Cut India's 2008 GDP Forecast; Businesses Still Attracted to the Market By Mike Caggeso Associate Editor India's poor domestic infrastructure, high population and threatening levels of unemployment will slow the country's real gross domestic product [GDP] growth, Moody's Economy.com said in a report. It forecasted India's real GDP to slow to 8.0% in 2008, down from the 8.8% it posted in 2007, Thomson Financial reported. Other […] Read More...
  • India's Demand for Telecom Growth Fuels Competition, $10 Billion IPO By Mike Caggeso Associate Editor India's biggest telecommunications company, state-owned Bharat Sanchar Nigam Ltd., or BSNL, plans to raise $10 billion in an initial public offering (IPO) sometime next year. Such a price tag would make the IPO India's largest ever, even though it would only amount to a 10% divestment of the company, currently […] Read More...
  • Auto Industry moves to India and China By Martin Hutchinson Contributing Editor India's Tata Motors Ltd. (TTM) last week unveiled its "one lakh' Tata Nano, an automobile that will sell for one lakh [100,000 rupees], or just over $2,500. That price undercuts Tata's Indian competition by about 30%, and is certain to add to the company's market share even as it causes […] Read More...
  • Outlook 2008: Five Ways to Profit Even If India's Growth Slows in the New Year Editor's Note: This is the Ninth Installment of an Ongoing Series Highlighting the Global Investing Outlook for 2008. By Martin Hutchinson Contributing Editor Over the past five years, India has demonstrated it is a growth economy rivaling that of China. But, unlike China, India is a democracy, so it's far less likely the economy will […] Read More...
  • India Forecasts 9% GDP Growth and $30 Billion in Overseas Investment in 2008 By Mike Caggeso Associate Editor Despite the rocky start forecasted in U.S. markets, analysts and government officials in India are calling for 9% GDP growth and $30 billion of overseas investment by the end of 2008. Lehman Brothers Holdings Inc. (LEH) said India's economy – the second-fastest growing major economy – is at the "take-off […] Read More...
  • World's Largest Exchange Looks to India By Jennifer Yousfi Managing Editor CME Group Inc. (CME), owner of the world's largest and most diverse exchange, has turned its eye to India, according to Chief Executive Officer Craig S. Donohue. Speaking last week at the Goldman Sachs Group Inc. (GS) Financial Services CEO Conference in Manhattan, Donohue said, "We are very much looking […] Read More...
  • Soros & Co. Get In On The Ground Floor of Indian Infrastructure Development By Jason Simpkins Associate Editor Shares of GMR Infrastructure Ltd. rose in Mumbai yesterday (Thursday), after the company sold $1 billion of stock to 49 investors – including billionaire investor George Soros, U.S. banking giant Citigroup Inc. (C), and mutual-fund manager T. Rowe Price Group Inc. (TROW). GMR is one of the world's fastest-growing infrastructure […] Read More...
  • India's GDP Slows To 8.9%, Signals A "Gentle Softening" From Staff Reports India's latest economic figures show GDP growth slowed to 8.9% in its fiscal second quarter, down from 9.3% in the previous quarter. However, India's growth still beat analysts' predictions, and the central bank predicts GDP growth for the year to come in at 8.5%, just 0.1% below India's record expansion of 2003. […] Read More...
  • Surging Demand and a Nationwide Shortage: Why India Wants Coal for Christmas By Jason Simpkins Associate Editor Over the past decade, India has blossomed into an industrial and technological powerhouse. And two of the nation's strongest performing sectors have been steel and power, which have provided resources so vital to India's rapid growth. Unfortunately, those sectors are faced with a major shortage that has restricted their growth […] Read More...