International and Emerging Markets Blog

Confidence falters as China inflation concerns grow

Friday, January 28, 2011 | Posted by: Fiona Cullinan
Categories: China | Tags: business, statistics, economy, China, survey, IBR, GDP, inflation, International business report, confidence, forecast, index, outlook, optimism, Five Year Plan

Levels of business optimism in mainland China have taken a dramatic fall over the past 12 months, partly caused by the growing inflation concerns, according to the

Continue Reading

Story of the deal: NeutraHealth plc bought by Indian pharma company

Wednesday, January 26, 2011 | Posted by: Fiona Cullinan
Categories: India | Tags: M&A, due diligence, corporate finance, cross-border, Story of the Deal, buying a business, subsidiary, buyout, acquisition, NeutraHealth, Elder Pharmaceuticals

image

What happens when a fast-expanding firm from India seeks the buyout of a UK plc? The second of our case studies lifts the veil on a cross-border acquisition and takes us to India, Dubai and on to the intricate landscape of UK regulation. Our

Continue Reading

Proposed amendments to UK’s takeover regime and its potential impact on acquisitive Indian companies

Friday, January 21, 2011 | Posted by: Grant Thornton
Categories: | Tags: India, business, Grant Thornton, economy, governance, growth, UK, India Watch, risk, international, South Asia Group, Grant Thornton India, aim, South Asia, Capital Markets, mergers

Last year saw a public debate in respect of the UK takeover regime which ensued as a result of the acquisition of Cadbury by Kraft. Some of the market participants were of the view that the UK takeover regime made it too easy for hostile offerors (i.e. offerors whose offers are not from the outset recommended by the board of the offeree company) to succeed.  In addition, some commentators felt that the outcome of offers, particularly hostile offers, was influenced unduly by the actions of the so-called ‘short-term’ investors (eg persons who become interested in the shares of an offeree company only after the possibility of an offer has been publicly announced).

Continue Reading

2011 set to be a key year for India’s economy

Friday, January 21, 2011 | Posted by: Grant Summers
Categories: | Tags: India, finance, investment, Grant Thornton, economy, growth, global, UK, India Watch, risk, international, Grant Thornton India, aim, GDP, economic, Capital Markets, Alex Wright, FTSE, sectors, India Economy

As we say farewell to 2010,  we can take this opportunity to reflect upon the economic environment in India over the past year and also the opportunity to focus on some of the key areas of economic importance for the year ahead.

The first half of 2010 saw significant year on year growth, with GDP ranging between 8.5% and 8.8%. The year, however, was not without its problems, as highlighted by the Economist Intelligence Unit (EIU), economic activity in both the manufacturing and service sectors in India slowed in the 3rd quarter of the year while infrastructural development and investment continued to cause concern, along with India’s ‘old friend’ inflation.

Continue Reading

Indian cross border M&A closes the year on a high

Friday, January 21, 2011 | Posted by: Sajeev Gandhi
Categories: | Tags: India, investment, Grant Thornton, economy, China, growth, global, UK, India Watch, risk, infrastructure, international, South Asia Group, Grant Thornton India, deals, South Asia, economic, Indian Economy, sectors, Cross border

India’s economy continued to demonstrate strong growth during 2010. There was significant liquidity in the market with both corporate profits and the sensex posting strong gains for the year. The BSE sensex closed 2010 at 20,509 a respectable 17% uplift during the year. Our view is that this positive trend is likely to be maintained in the medium term given the robustness of the domestic Indian market albeit against a backdrop of western economies which clearly still face some economic challenges.

Continue Reading

Grant Thornton India Watch shows significant growth for 2010

Friday, January 21, 2011 | Posted by: Grant Summers
Categories: | Tags: India, investment, Grant Thornton, economy, growth, UK, India Watch, international, South Asia Group, Grant Thornton India, aim, Anuj Chande, South Asia, Fiona Owen, Capital Markets, FTSE, IT

In the last quarter of 2010, Grant Thornton’s India Watch Index gained 16.75%, outperforming both the FTSE 100 (6.33%) and the FTSE AIM UK 50 (12.60%), as well as other key indices.

Continue Reading

The UK Bribery Act. Is your organisation adequately prepared?

Friday, January 21, 2011 | Posted by: Grant Thornton
Categories: | Tags: India, business, Grant Thornton, economy, growth, UK, India Watch, risk, international, IBR, Grant Thornton India, Bribery Act, IT, sectors

Bribery if left unchecked, destroys the integrity and ethical foundations of all institutions, public and private. In response the UK recently introduced the Bribery Act which received Royal Assent in April this year with the offences scheduled to come into force in April 2011.

Continue Reading

Vince Cable highlights opportunities in UK-India trade

Wednesday, January 19, 2011 | Posted by: Fiona Cullinan
Categories: India | Tags: India, business, investment, economy, growth, UK, infrastructure, energy, retail, tech, trade, IT, immigration, Vince Cable, visas

image

Business Secretary Vince Cable has been in India this week leading a trade mission of 50 UK businesses and following up on David Cameron’s visit last July. As the UK seeks to stake its place in the new centres of global growth, our historical and cultural ties with India make it a natural focus. So where do the new business opportunities lie?

Continue Reading

Hot topic: Should you take your company offshore?

Tuesday, January 04, 2011 | Posted by: Fiona Cullinan
Categories: Thought leadership | Tags: business, tax, compliance, market, domicile, relocation, cash flow, intellectual property, migration, redomicile, benefits, IPO, trading hubs, feasibility

image

One hot topic around UK boardrooms right now is ‘Do we move offshore?’ Tax advantages are just one side of the story. Nick Farr, International Tax Partner, Grant Thornton, outlines the options for those thinking of relocating all or part of their business abroad.

Continue Reading