International and Emerging Markets Blog

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: business, India, economy, Grant Thornton, governance, growth, India Watch, UK, risk, South Asia Group, Grant Thornton India, international, 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).

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The UK Bribery Act. Is your organisation adequately prepared?

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

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.

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Vince Cable highlights opportunities in UK-India trade

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

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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?

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Hot topic: Should you take your company offshore?

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

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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.

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South Africa: ready to kick off?

Thursday, December 16, 2010 | Posted by: Fiona Cullinan
Categories: South Africa | Tags: business, infrastructure, IBR, financial, South Africa, World Cup, David Reuben, cost, crime, WEF

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The World Cup has spurred the delivery of much-needed improvements to infrastructure in South Africa, but crime is still costing business. David Reuben, Head of Audit, Grant Thornton Johannesburg, reviews SA’s state of play post-World Cup…

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Around the world in 12 business acronyms

Wednesday, November 17, 2010 | Posted by: Fiona Cullinan
Categories: Brazil, China , Russia, Korea, India | Tags: business, growth, emerging markets, list, BRIC, CIVETS, groupings, potential, acronyms, size

A swathe of new international political and economic groupings seems to be competing for the next generation of becoming the acronym king, the latest of which arrived this week in the form of the EAGLES. We’ve rounded them all up – how many do you recognise?

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Can India’s level of economic growth continue?

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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Corporate governance in India and the UK: A comparative analysis

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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Indian corporates still looking to gain market share through M&A transactions

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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Balancing business risks and risk management in China

Tuesday, September 28, 2010 | Posted by: Fiona Cullinan
Categories: China | Tags: business, tax, investment, governance, China, risk, annual report, management, risks, regulation, audit, labour, export, Chris Tam, import

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Grant Thornton’s new risk report came out last week. Chris Tam, Director, Grant Thornton China, outlines the lie of the land for both UK investors looking to mainland China and also Chinese companies, who face unfamiliar risks when doing business in the UK.

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