International and Emerging Markets Blog
Tuesday, July 19, 2011 | Posted by: Grant Thornton
Categories:
Interviews
| Tags: business,
Grant Thornton,
entrepreneurs,
China,
UK,
insight,
aim,
interview,
staff,
audit,
people,
Meet our experts,
profile,
Q&A,
Norman Armstrong,
China Britain Services Group,
assurance
A phone call from China in 2006 led Norman Armstrong to work on a six-month project to help a Chinese company list on AIM. He has been helping companies and entrepreneurs achieve their international ambitions ever since.
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Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
UK,
India Watch,
South Asia Group,
AIM,
Capital Markets,
Hugh Sandeman,
liquidity,
PLUS,
main market,
raising finance
One of the first things that investors ask Indian companies planning a London listing is how this fits with their financial strategy. They’re not expecting a single answer to this question: it can make just as much sense for a domestic Indian power generator to go offshore and IPO in London, as it can for an Indian company with global ambitions and operations. But what investors do want to hear is that the Indian promoter is going to put his or her full confidence in the long term in the London market as the vehicle for growing their company.
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Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
economy,
China,
growth,
UK,
India Watch,
South Asia Group,
Anuj Chande,
Capital Markets,
inflation,
RBI,
Reserve Bank of India
This halfway point in the calendar year provides us with an ideal opportunity to review India’s economic and political status over the past few months and also to look forward to what the remainder of the year might have in store.
There seems no better item to start with then what has now become a fairly routine announcement from the Reserve Bank of India (RBI). Last month the RBI raised interest rates for the 10th time in 18 months. The repurchase rate was raised by 25 basis points to 7.5% as the RBI continued to try and curb inflationary pressure. As with the first quarter of the year, wholesale-price inflation (around 9.1% year-on-year to the end of May) continues to be fuelled by high oil prices and strong domestic demand.
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Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
China,
UK,
M&A,
India Watch,
mergers,
acquisitions,
sector,
Competition Commission of India,
value, deals
Against a backdrop of economic uncertainty in certain European regions, as well as moderating growth and demand, increasing interest rates, inflation issues and the merger control provisions being notified by the Competition Commission of India, M&A activity in India in the first half of 2011 has resiliently kept pace with 2010 levels, in line with our expectations.
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Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
Grant Thornton,
economy,
UK,
performance,
India Watch,
South Asia Group,
AIM,
IPO,
capital markets,
London listing,
share price,
PLUS,
main market,
equity,
raising finance
The Grant Thornton India Watch Index* showed the strongest performance in H1 2011 of all the major London indices, with a positive performance of 2.65%. This compares to FTSE 100 (0.78%) and FTSE AIM UK 50 (1.17%) and the falling AIM 100 (-8.54% ) and FTSE AIM All-Share (-8.10%).
Interestingly, since the start of the financial crisis in late 2008, the Grant Thornton India Watch Index has gained 142.85%, followed by the FTSE AIM ALL-SHARE (117.58%) and FTSE AIM 100 (112.46%) respectively, highlighting the sustained growth of the AIM market.
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Saturday, July 16, 2011 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
UK,
India Watch,
South Asia Group,
Grant Thornton India,
South Asia,
wealth,
legislation,
companies,
Direct Tax Code,
Wealth Tax Act 1957,
ITA,
DTC,
Tax Act 1961,
individual,
laws
It is regarded by some commentators as one of the most substantial changes to India’s tax system and will have significant implications for companies operating in and out of India on a cross-border basis. The newly proposed Direct Tax Code (DTC) is to replace the existing Income Tax Act, 1961 (ITA) with effect from April 1, 2012. The DTC is being introduced to integrate all direct tax laws (ITA and Wealth Tax Act, 1957) under a single legislation, to simplify the language, to reduce the scope of litigation and to provide stability in direct tax rates. Below we highlight some of the proposed changes.
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Tuesday, July 05, 2011 | Posted by: Fiona Cullinan
Categories:
Thought leadership
| Tags: India,
business,
M&A,
India Watch,
data,
LSE,
Indian Economy,
news,
subscribe,
subscription
Grant Thornton’s India Watch is a quarterly publication, produced in association with the London Stock Exchange, which tracks the performance of all Indian companies listed on the London markets, while also giving an overview of Indian M&A activity and an analysis on the Indian economy.
The next issue is due out shortly – here’s how you can get it delivered straight to you.
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Monday, July 04, 2011 | Posted by: Fiona Cullinan
Categories:
China
| Tags: China,
social media,
social networks,
social business,
LinkedIn,
social networking,
Wealink,
China, social business, social media, social networks, social networking, professional, online networking, LinkedIn, Ushi, Tianji, Wealink,
Ushi,
professional online networking,
Tianji
Is it LinkedIn itself or another online professional networking site for Chinese business people? Where are the potential recruitment talent uploading their profiles to? We take a tour of China’s social business networks, all vying for a share of the country’s 450 million internet users.
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