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India Forecasts 9% GDP Growth and $30 Billion in Overseas Investment in 2008

By Mike Caggeso, Money Morning - January 8, 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 […]

World's Largest Exchange Looks to India

By Jennifer Yousfi, Money Morning - December 18, 2007

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 […]

Soros & Co. Get In On The Ground Floor of Indian Infrastructure Development

By Jason Simpkins, Managing Editor, Money Morning - December 14, 2007

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 […]

India's GDP Slows To 8.9%, Signals A "Gentle Softening"

By Investment News Staff, Money Morning - December 2, 2007

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. […]

Surging Demand and a Nationwide Shortage: Why India Wants Coal for Christmas

By Jason Simpkins, Managing Editor, Money Morning - November 28, 2007

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 […]

India Government Rejects Citigroup Bid to Boost its Stake in India's Chief Stock Exchange

By Mike Caggeso, Money Morning - November 27, 2007

By Mike Caggeso Associate Editor India's government rejected a bid by Citigroup Inc (C) to raise its equity stake in the National Stock Exchange of India Ltd. from 2% to 5%. Under federal guidelines, foreign investors are allowed to hold up to 5% in an Indian stock exchange, and Citigroup is within those bounds. Nonetheless, […]

It's Not Easy Being Green: Tata Motors Puts the Pedal to the Metal in the Fuel Cell 500

By Jason Simpkins, Managing Editor, Money Morning - November 27, 2007

By Jason Simpkins Associate Editor Tata Motors Ltd. (TTM) has an eye on the future – and soaring oil prices in the present – as it prepares a fleet of econ-friendly automobiles that should be ready for action in the decade to come. The new vehicle line would showcase cars capable of running on electric, […]

GE Nabs 26% Stake in Sayi Power, Gains Foothold in India's Power Market

By Investment News Staff, Money Morning - November 19, 2007

Dow Jones news today

From Staff Reports General Electric Co.'s (GE) GE Energy Financial Services unit bought a 26% stake in Sayi Power Energy, a majority shareholder of KSK Power for an undisclosed amount. But the intentions are clear as day. India's rapidly expanding housing market is a major growth opportunity, especially compared to GE's home turf in United […]

Pimp My Ride: Tata Motors Looks to Burnish its Brand

By Jason Simpkins, Managing Editor, Money Morning - November 9, 2007

By Jason Simpkins Associate Editor Tata Motors Ltd. (TTM), India's largest auto manufacturer by revenue, is aiming to expand – and not just by sales or geography. The automaker that's looking to bring the world a fully featured $2,500 car is now aiming at the other end of the price spectrum and has joined rival […]

Goldman Sachs, India Expert Rahemtulla Both Predict a Stronger Indian Rupee, See Investment Opportunities

By William Patalon III, Executive Editor, Money Morning • @privatebrief - November 9, 2007

By William Patalon III Managing Editor Money Morning Goldman Sachs Group Inc. (GS) says it expects the Indian rupee to appreciate to 38 Rupees versus the U.S. dollar over the next 12 months, a currency move fueled by both strong economic fundamentals and an increasing inflow of foreign capital. The Rupee was trading at 39.15 […]

China Gets the Buzz, but India Gets the Cash, and Leads in Private Equity Infrastructure Investment

By Mike Caggeso, Money Morning - November 8, 2007

By Mike Caggeso Associate Editor Throughout 2007, India has attracted more private equity investments ($10 billion total) than any emerging economy, including China, according to a report from the India-focused advisory firm IndusView. Comparatively, China only attracted $8.3 billion during that period. Last year, China received $13 billion, compared to the $7 billion by India. […]

Snapshot From India: Advice on Stocks, the Rupee, High Tech and Real Estate

By Guest Editorial, Money Morning - November 7, 2007

Editor's Note: Our friend and colleague, Karim Rahumtulla, is an expert on investing in India. He's currently leading an investment research trip, taking in the country's hotspots, examining its rapidly emerging market, meeting with companies, and studying its investment potential. Here's his investment travelogue: After spending the last 29 hours on various airplanes and stuck […]

Why India Is Losing the Race with China – and What It Can Do to Gain Ground

By Jason Simpkins, Managing Editor, Money Morning - October 25, 2007

By Jason Simpkins Associate Editor India, no doubt, has corned the global market in the service sector. Think of it as the call center to the world. But China has established itself as the world's factory floor, making everything from Barbie dolls to match sticks. Yet while the growth in India has been impressive (its […]

Goldman Sachs Purchases $172-Million Majority Stake in Sigma Electric

By Investment News Staff, Money Morning - October 18, 2007

From Staff Reports Global investment banking firm, Goldman Sachs Group Inc. (GS), will purchase a $172-million majority stake in Sigma Electric, a low-cost maker of metal parts with manufacturing facilities in India. The Goldman Sachs' investment will accelerate Sigma's plans for global growth as an Indian manufacturer of metal castings and components, a joint news […]

McDonald's Finds Unique Way to Beef up its Presence in India

By Mike Caggeso, Money Morning - October 17, 2007

By Mike Caggeso Staff Writer McDonald's Corp. (NYSE:MCD) announced plans to invest $76.44 million (3 billion rupees) over the course of the next three to five years in efforts to triple its India operations. The first phase of its plan is to ramp up its presence in cities and major airports in Delhi, Mumbai, Kolkata […]

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