BRICS TO ACCOUNT FOR 40% OF WORLD GROWTH BY 2020

BRIC nations - Brazil, Russia, India and China - are likely to contribute 40 per cent of global economic growth in the next 10 years due to a "tectonic shift" in the distribution of global capital over the next decade, global consultancy firm Ernst & Young said.

The Economic Times

World's top IPO - $8-bn; India's total - $8.3-bn

Indian bourses saw over eight billion dollars worth of initial public offers in 2007, but this is just a shade higher than the world's single-largest IPO that was brought by a Russian company, latest data show. The worldwide IPO activity raised a record capital of 255 billion dollars till November in 2007, including 8.3 billion dollars on Indian bourses, according to data compiled by international consultancy firm Ernst and Young. India was the fifth largest market in terms of number of IPOs and seventh largest in terms of the proceeds for the year, E&Y said.

The Financial Express
http://www.financialexpress.com/news/
Worlds-top-IPO-8bn-Indias-total-8-3bn/254467/