International and Emerging Markets Blog
Monday, October 18, 2010 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 10
| Tags: India,
finance,
economy,
performance,
India Watch,
LSE,
South Asia,
AIM,
stockmarket
In the quarter ended 30 September 2010, Grant Thornton’s India Watch Index underperformed other UK indices. This underperformance was due mainly to the heavyweight stocks Essar Energy and Vedanta Resources which were a drag on the Index’s overall performance. However, the majority of Indian AIM companies actually outperformed the main UK indices over the quarter and the pipeline of Indian IPOs on AIM continues to look strong.
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Wednesday, October 13, 2010 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 10
| Tags: business,
India,
finance,
investment,
economy,
growth,
India Watch,
infrastructure,
GDP,
South Asia,
Alex Wright,
inflation
Over the last quarter, India’s economy has continued to grow at a significant rate. Nevertheless, doubts still remain as to the extent to which India’s level of growth can be maintained. The prohibitive combination of considerable inflation rates and years of underinvestment in the country’s infrastructure continues to prove an obstacle to growth.
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Tuesday, October 12, 2010 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 10
| Tags: India,
finance,
economy,
governance,
India Watch,
risk,
South Asia,
IFRS,
stockmarket,
IPO market,
IPO,
London listing,
Hemal Shah,
GAAP
After a sustained period of Indian IPO activity in London in 2007 and 2008, predictably 2009 and 2010 have seen a significant reduction in new admissions. As sentiment picks up with the global economic recovery, we are seeing positive signs that India Inc. is once again ready to seek IPO opportunities in London with i-Energizer and SKIL Ports & Logistics having successfully completed admissions to AIM in September and October 2010 respectively.
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Tuesday, October 12, 2010 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 10
| Tags: business,
India,
investment,
governance,
M&A,
risk,
FRC,
bribery,
anti-corruption,
Stewardship Code
Corporate scandals involving companies like the Maxwell Group, Enron, WorldCom and the recent banking crisis have influenced the corporate governance norms in the United States, the UK and India. The Satyam computers scandal highlighted deficiencies in the Indian corporate governance regime and its implementation. This article examines the key differences between the corporate governance regimes in the UK and India and highlights the corporate governance issues relevant for Indian companies on the growth path.
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Monday, October 11, 2010 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 10
| Tags: business,
India,
finance,
investment,
economy,
India Watch,
M&A,
risk,
deals,
South Asia,
mergers,
IT,
Sanjeev Gandhi
India’s economy continues to demonstrate sustained growth during 2010. There is significant liquidity in the market and sentiment is clearly on the rise. Our own view is that this upward 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 are still facing tremendous economic challenges.
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