International and Emerging Markets Blog
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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| Posted by: Grant Summers
Categories:
| Tags: India,
finance,
investment,
economy,
Grant Thornton,
global,
growth,
India Watch,
UK,
risk,
Grant Thornton India,
international,
aim,
GDP,
economic,
Capital Markets,
Alex Wright,
FTSE,
sectors,
India Economy
As we say farewell to 2010, we can take this opportunity to reflect upon the economic environment in India over the past year and also the opportunity to focus on some of the key areas of economic importance for the year ahead.
The first half of 2010 saw significant year on year growth, with GDP ranging between 8.5% and 8.8%. The year, however, was not without its problems, as highlighted by the Economist Intelligence Unit (EIU), economic activity in both the manufacturing and service sectors in India slowed in the 3rd quarter of the year while infrastructural development and investment continued to cause concern, along with India’s ‘old friend’ inflation.
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| Posted by: Sajeev Gandhi
Categories:
| Tags: India,
investment,
economy,
Grant Thornton,
global,
China,
growth,
India Watch,
UK,
infrastructure,
risk,
South Asia Group,
Grant Thornton India,
international,
deals,
South Asia,
economic,
Indian Economy,
sectors,
Cross border
India’s economy continued to demonstrate strong growth during 2010. There was significant liquidity in the market with both corporate profits and the sensex posting strong gains for the year. The BSE sensex closed 2010 at 20,509 a respectable 17% uplift during the year. Our view is that this positive 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 clearly still face some economic challenges.
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| 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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Wednesday, November 10, 2010
| Posted by: Fiona Cullinan
Categories:
Brazil,
China ,
Russia,
India
| Tags: risk,
emerging markets,
insight,
talent,
competition,
Economist,
conference,
BRIC,
globalisation,
Vince Cable,
summit,
videos
Here’s a list of the video presentations from business leaders and politicians at the Economist’s recent Emerging Markets Summit 2010 held in London in September. It looks like we may need to timetable some business viewing…
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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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| 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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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
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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