International and Emerging Markets Blog
Monday, January 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 15
| Tags: India,
Corporate Governance,
mergers,
Budget,
auditor,
Budget 2012,
incorporation,
bill,
companies bill 2011,
auditor's rotation,
companies act,
investor portection,
companies bill india,
A new Companies Act to amend the more than 50-year old Companies Act, 1956, is expected to be finally cleared in the Budget session in March 2012.
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Monday, January 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 15
| Tags: India,
economy,
Grant Thornton,
performance,
growth,
India Watch,
emerging markets,
inflation,
India Economy,
interest rates,
inflation 2011,
interest rates 2011,
India Economy 2011,
Rupee Devaluation 2011,
Rupee,
political direction,
economic advisory council,
stock exchange
As we enter what will hopefully be a more promising year in economic terms for many of the world’s economies, let us take this opportunity to take a look back at the year just passed.
2011 was somewhat of an annus horribilis, with natural disasters in Japan and New Zealand, political uprisings across North Africa, riots in some of the UK’s major cities and what could still be, an economic time-bomb in the form of the Euro-zone debt crisis. All these factors, and many others, led to the continued economic uncertainty seen in both 2009 and 2010, and India, like many other emerging markets was not immune to the global economic turmoil.
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Monday, January 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 15
| Tags: energy,
india,
private equity,
renewable energy,
capital,
fuel,
valuations,
renewable independent power producers,
IPPS,
coal,
electricity,
power,
indian renewables,
renewable companies
Power in India is a commodity in demand – mainly sourced by coal. India has the third-largest hard coal reserve in the world, however, the quality is relatively poor due to its low sulphur and high ash content. Additionally, supply is constrained to a small number of inefficient state-owned companies and India’s Ministry of Coal estimates that the demand will increase significantly in 2012. All these factors are attracting domestic and international private investment to the renewables sector.
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Monday, January 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 15
| Tags: deals,
inflation,
acquisitions,
sectors,
mergers and acquisitions,
india,
private equity,
trends,
e-commerce,
inbound,
foreign direct investment,
outbound,
private equity 2011,
mergers and acquisitions 2011,
inflation rates,
deal 2011,
public markets
Amidst the ongoing global economic woes, rising domestic inflation and interest rates, the weakening rupee and a volatile Sensex, 2011 has contributed to robust Indian deal numbers. Mergers & Acquisitions (M&A) and Private Equity (PE) in India clocked up 961 deals with a total value of to US$51 billion in 2011 compared to 971 deals amounting to US$62 billion in 2010.
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Monday, January 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 15
| Tags: India,
Grant Thornton,
performance,
India Watch,
emerging markets,
FTSE,
London Stock Exchange,
India Hospitality Corp,
private equity,
economic growth,
sector trends,
iEnergizer,
london markets
Indian SMEs outperformed other small caps on the London markets in 2011, despite an overall muted performance across all indices. Year-end figures suggest the UK capital is still a strong contender for Indian businesses seeking markets in which to raise finance.
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