International and Emerging Markets Blog
Monday, April 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 16
| Tags: sectors,
IPO,
Private Equity,
India Mergers and Acquisitions 2012,
Domestic Deals 2012,
Deals 2012,
M&A 2012,
deals 2012,
first quarter 2012,
Internal restructuring,
Mergers,
QIP
The quarter witnessed M&A deal activity of US$18 billion, in line with activity levels seen during the corresponding period in 2010 and 2011. However, the focus in Q1 2012 was domestic deals, particularly internal restructuring and mergers comprising approximately US$13 billion of the total M&A deal value. The focus on mergers and internal restructuring activities, a trend which gained prominence in 2011, appears to have intensified in 2012 driven by Vedanta Group restructuring, estimated to be worth over US$12 billion.
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Monday, April 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 16
| Tags: India,
India Watch,
inflation,
foreign direct investment,
sector trends,
london markets 2012,
Smaller caps index,
Deals 2012,
london stock exchange,
indian SMEs,
agriculture and energy sectors,
Eurozone
It appears market watchers were right to be optimistic. Having fallen 11.27% during 2011, the Grant Thornton India Watch Smaller Caps Index outperformed all major indices between January and March 2012, closing at 24% up.
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Monday, April 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 16
| Tags: India,
fund managers,
Investor relations,
Research analysis,
Foreign institutional investors,
Financial markets,
public capital,
market capitalisation,
Communication materials,
Capital,
markets,
Global investor
Despite the strong recent flows of Foreign Institutional Investors (FII) capital into the Indian equity markets, Indian corporates more than ever need to proactively attract and maintain the attention of increasingly selective global fund managers. This applies equally to Indian companies listed in London. Leaving investors to identify the future outperformers in each industry sector, without management having the opportunity to best present their specific investment case, has direct value implications. These potentially include having to issue equity at relatively unattractive valuations for ongoing deleveraging, financing future growth plans and meeting upcoming minimum free float requirements. Ultimately a successful investor relations (IR) programme should achieve an appropriate trading valuation based on a continuous and open communication with the financial markets. Shareholders recognise the appointment of an international IR adviser as part of management’s ongoing commitment to bridge any market valuation discount.
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Monday, April 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 16
| Tags: India,
Budget 2012,
Cross-border deals,
Direct Tax code,
Direct tax,
Transfer pricing,
Indian assets,
Tax,
Anti-avoidance rules,
Arm's length price,
Advance Pricing Agreements,
Foreign investment,
Financing,
Taxation
The ruling Indian government presented the budget proposals for the financial year (FY) 2012-2013 before the lower house of the Indian Parliament on March 16th. The Direct Tax Code (DTC) was planned to substitute the existing Indian Income Tax Act, however, this has been deferred, with the Finance Minister re-affirming enactment of DTC at the earliest opportunity.
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Monday, April 16, 2012 | Posted by: Grant Thornton
Categories:
India,
India Watch Issue 16
| Tags: Budget 2012,
Indian economy,
India Sectors,
Mining,
Pranab Mukherjee,
Indian government,
Indian Budget,
Fiscal Deficit,
Manufacturing,
Indian growth
It is proving difficult for the Indian government to support and develop the economic potential of the country. The recent state elections have now further dented the Government’s ability to push through the economic reforms required. In addition, the recent Indian Budget 2012 has faced increasing criticism and in many economists’ views it failed to implement suitable measures to encourage foreign investment and sustainable economic growth.
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Wednesday, March 14, 2012 | Posted by: Fiona Cullinan
Categories:
Brazil,
China ,
Russia,
India
| Tags: statistics,
report,
UK,
IBR,
women in business,
women,
Europe,
female,
International Business Report,
quotas,
IWD,
International Women’s Day
Two reports released for International Women’s Day last week came to very different conclusions – so which is correct? The FT analysed the survey data from both Grant Thornton and the Economist Intelligence Unit…
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Thursday, March 08, 2012 | Posted by: Fiona Cullinan
Categories:
Brazil,
China ,
Russia,
India,
Thought leadership
| Tags: statistics,
report,
UK,
IBR,
women in business,
women,
International business report,
Europe,
female,
quotas,
IWD,
International Women's Day
Which are the top 10 countries for employing women in top roles – and which are the 10 worst? Grant Thornton has been tracking the proportion of women in senior management across 40 economies since 2004. Now our 2012 survey figures, released to mark International Women’s Day (IWD), reveal which of the world’s economies are the most business-friendly for women.
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Tuesday, March 06, 2012 | Posted by: Fiona Cullinan
Categories:
India,
Thought leadership
| Tags: business,
India,
economy,
links,
report,
infrastructure,
insight,
technology,
tech,
Real Estate,
employment,
HR
Don’t miss our latest focus reports and sector insights covering HR, employment, tech, real estate, infrastructure and a special India country report…
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Friday, February 17, 2012 | Posted by: Grant Thornton
Categories:
Brazil,
China ,
India,
Thought leadership
| Tags: India,
finance,
investment,
China,
report,
growth,
insight,
GDP,
inflation,
Brazil,
Russia,
forecast,
BRIC,
optimism,
BRICS,
global economy,
emerging economies,
analysis,
Keep up to date with the BRICs (Brazil, Russia, India and China) – how they are propping up the global economy but also some of the issues they face in 2012 on finance, inflation and investment. Here are some of the highlights from Grant Thornton’s latest survey report.
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Tuesday, February 07, 2012 | Posted by: Fiona Cullinan
Categories:
India,
Thought leadership
| Tags: India,
technology,
outsourcing,
tech,
IT,
ICT,
IT services,
cloud computing,
ICTE,
Vasudev Majumdar,
BPO,
Tech Edge
UK technology companies seeking opportunities for growth in India and investors contemplating investing in the Indian Information and Communication Technology (ICTE) industry may be interested to read Tech Edge.
This new sector report from Grant Thornton India details the latest news, issues and opportunities in India’s fast-growing IT industry.
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