INDIA INC RIDES RECOVERY WAVE, RAISES $16.7 BLN IN APR-DEC
Despite poor participation from retail investors, India Inc raised $16.7 billion (Rs 78,000 crore) through equity issues in the first eight months of the current fiscal, five times that in the entire financial year ended March 2009, as foreign investors returned and companies resumed expansion activities.
The pick-up in fund-raising coincided with the economy showing clear signs of revival and the sharp rebound in stock market valuations after they hit a low in early March.
However, the amount raised so far in the current fiscal is still far lower than in the corresponding period of 2007-08, a boom year for the stock markets. India Inc raised Rs 125,526 crore between April and November 2007.
The Economic Times
Showing posts with label India Inc. Show all posts
Showing posts with label India Inc. Show all posts
Sunday, December 13, 2009
Thursday, October 22, 2009
INDIA INC’S PAT TO GROW AT 23% THIS FISCAL
India Inc is likely to witness a 22.8% growth in its profit after tax (PAT) in the current fiscal, an economic think-tank has said in its report. “Corporate sales growth will average at a meagre 4.1% in 2009-10. At the same time, the PAT will rise by a robust 22.8%,” the Centre for Monitoring Indian Economy (CMIE) said in its latest report.
The manufacturing sector (excluding petroleum sector) would report a 24.3% growth in PAT mainly because of low prices of raw material and soft interest rates, CMIE said, adding that the PAT of the financial and non-financial services would rise by 32.2% and 20.4%, respectively.
The Financial Express
India Inc is likely to witness a 22.8% growth in its profit after tax (PAT) in the current fiscal, an economic think-tank has said in its report. “Corporate sales growth will average at a meagre 4.1% in 2009-10. At the same time, the PAT will rise by a robust 22.8%,” the Centre for Monitoring Indian Economy (CMIE) said in its latest report.
The manufacturing sector (excluding petroleum sector) would report a 24.3% growth in PAT mainly because of low prices of raw material and soft interest rates, CMIE said, adding that the PAT of the financial and non-financial services would rise by 32.2% and 20.4%, respectively.
The Financial Express
Wednesday, July 08, 2009
INDIA INC. REMAINS U.K. BOUND
India Inc.’s distinct preference for the U.K. was highlighted as Indian companies emerged as the second largest investor in the U.K. in the financial year 2008-09, replacing Japan as the largest Asian supplier of Foreign Direct Investment (FDI) projects and ahead of China by about twice the number.
Indian companies set up 108 new Foreign Direct Investment (FDI) projects during the period, moving up five places when compared to the previous year, creating and safeguarding about 8,000 jobs according to the U.K.’s Department of Trade and Industry.
India’s affinity for the U.K. is marked by its historic ties, similar legal, accounting, finance and judicial systems. The English language and Parliamentary democracy are as Indian as they are English.
The U.K., however, needs to keep its competitive edge vis-à-vis other European countries that are moving aggressively to capitalize on Indian companies’ growth ambitions. Indian FDI in the European Union (E.U.) soared to $3.4 billion (€2.4 billion) in 2008 from zero in 2004, according to Luxembourg-based Eurostat, the EU statistical office.
India Inc.’s distinct preference for the U.K. was highlighted as Indian companies emerged as the second largest investor in the U.K. in the financial year 2008-09, replacing Japan as the largest Asian supplier of Foreign Direct Investment (FDI) projects and ahead of China by about twice the number.
Indian companies set up 108 new Foreign Direct Investment (FDI) projects during the period, moving up five places when compared to the previous year, creating and safeguarding about 8,000 jobs according to the U.K.’s Department of Trade and Industry.
India’s affinity for the U.K. is marked by its historic ties, similar legal, accounting, finance and judicial systems. The English language and Parliamentary democracy are as Indian as they are English.
The U.K., however, needs to keep its competitive edge vis-à-vis other European countries that are moving aggressively to capitalize on Indian companies’ growth ambitions. Indian FDI in the European Union (E.U.) soared to $3.4 billion (€2.4 billion) in 2008 from zero in 2004, according to Luxembourg-based Eurostat, the EU statistical office.
Monday, February 16, 2009
INDIA, INC. VS ITS U.S. PEERS
A country’s stock market and the performance of the respective blue chip companies is often seen as the barometer of its economic health, and a gauge of investment sentiment. On that parameter, the Indian companies have outclassed its U.S. peers by a wide margin for the first time.
The total 30 companies on the Sensex, the benchmark index of the Bombay Stock Exchange of India, have shown average growth in net sales at 7.75% and a dip in net profit of 13.20% in the third quarter of the current financial year. This is in sharp contrast to the U.S. Standard & Poor’s 500 companies’ profits declining by about 35% on an average, during October-December 2008. This is the sixth consecutive quarter when the profits of the U.S. companies declined, compared to the first quarterly fall in the aggregate profits for the Sensex companies in the recent years.
The robust performance by Indian companies could help explain the optimistic outlook of the Government that estimates Foreign Direct Investments (FDI) for next financial year to reach $40 billion, twice the amount received during the first half of the current financial year.
A country’s stock market and the performance of the respective blue chip companies is often seen as the barometer of its economic health, and a gauge of investment sentiment. On that parameter, the Indian companies have outclassed its U.S. peers by a wide margin for the first time.
The total 30 companies on the Sensex, the benchmark index of the Bombay Stock Exchange of India, have shown average growth in net sales at 7.75% and a dip in net profit of 13.20% in the third quarter of the current financial year. This is in sharp contrast to the U.S. Standard & Poor’s 500 companies’ profits declining by about 35% on an average, during October-December 2008. This is the sixth consecutive quarter when the profits of the U.S. companies declined, compared to the first quarterly fall in the aggregate profits for the Sensex companies in the recent years.
The robust performance by Indian companies could help explain the optimistic outlook of the Government that estimates Foreign Direct Investments (FDI) for next financial year to reach $40 billion, twice the amount received during the first half of the current financial year.
Friday, January 16, 2009
INDIA INC ON THE PROWL FOR ACQUISITIONS
After a relative lull, India Inc is showing renewed interest in cracking deals. December 2008 suddenly saw a flurry of outbound M&A activity. Piramal Healthcare, Wipro and Rolta led the way with acquisitions ranging from $10 million (Rs 48.7 crore) to $127 million (Rs 618 crore).
SIFY - Business Today
After a relative lull, India Inc is showing renewed interest in cracking deals. December 2008 suddenly saw a flurry of outbound M&A activity. Piramal Healthcare, Wipro and Rolta led the way with acquisitions ranging from $10 million (Rs 48.7 crore) to $127 million (Rs 618 crore).
SIFY - Business Today
Friday, December 12, 2008
BEST TIME TO HIRE FOR INDIA INC
Even as companies worldwide resort to layoffs or freeze hirings as part of cost-saving measures to counter the economic slowdown, Deloitte Consulting believes the current turbulence actually presents India Inc with its best opportunity to enrol good people in their organisations.
The Economic Times
Even as companies worldwide resort to layoffs or freeze hirings as part of cost-saving measures to counter the economic slowdown, Deloitte Consulting believes the current turbulence actually presents India Inc with its best opportunity to enrol good people in their organisations.
The Economic Times
Tuesday, September 09, 2008
HCL TO COUNTER INFOSYS' BID FOR UK FIRM AXON
India Inc’s biggest overseas acquisition in the software space might just grow bigger as HCL Technologies is learnt to be offering 15% over and above Infosys’ bid for the UK-based SAP consultant Axon.
The Economic Times
India Inc’s biggest overseas acquisition in the software space might just grow bigger as HCL Technologies is learnt to be offering 15% over and above Infosys’ bid for the UK-based SAP consultant Axon.
The Economic Times
Tuesday, July 22, 2008
THE INVISIBLE HAND OF POLICY IS WORKING
The unravelling of the merger between Reliance Communications (RCOM) and South Africa’s MTN and the travails of the Ranbaxy-Daiichi Sankyo deal highlight the changed economic environment in India. If it came to pass, the RCOM-MTN deal would have created an international telecom giant with a subscriber base of 120 million from the Cape of Good Hope to the Himalayas..
Hindustan Times
Friday, March 28, 2008
Tata-Ford deal to augur well for Indian M&A scene
Tata Motors' deal worth $2.3 billion with Ford Motor Company for its Jaguar and Land Rover marques will boost India Inc's mergers and acquisition volumes, which stood at 5.96 billion dollars in the first two months of 2008. Tata Motors deal holds significance as the aggregate deal value of 2.3 billion dollars comprises about 40 per cent of the total M&A volumes in the past two months.
The Financial Express
http://www.financialexpress.com/news/
TataFord-deal-to-augur-well-for-M&A-scene/288715/
The Financial Express
http://www.financialexpress.com/news/
TataFord-deal-to-augur-well-for-M&A-scene/288715/
Monday, January 07, 2008
India Inc most optimistic about economy
India Inc is the most optimistic around the world when it comes to their business outlook, unaffected by global credit crunch and boosted by expectations of over 8 per cent growth of the domestic economy, says a new report. Economic activity in 2008 is expected to proceed at a vigorous pace in the developing Asia , global consultancy firm Grant Thornton's international business report (IBR) said.
The Economic Times
The Economic Times
Thursday, January 03, 2008
Corp India’s fascination: QIPs
India Inc is flocking to the QIP (qualified institutional placement) market, finding it cheaper and a faster way to mobilise funds. Listed companies are increasingly banking on big institutional investors — but at the cost of retail investors who are not in the reckoning for QIPs. The companies raised Rs 21,700 crore through QIP placements in 2007 as against Rs 3,900 crore in the previous year, a rise of 456 per cent, according to figures compiled by Bloomberg Asia-Pacific League Tables. This is almost equivalent to the amount that companies raised through public issues in 2006. The QIP route which was opened up by the market regulator Sebi two years ago has gained acceptance — and fast at that.
The Indian Express
http://www.indianexpress.com/story/255897.html
The Indian Express
http://www.indianexpress.com/story/255897.html
Friday, December 21, 2007
M&As were toast of season for India Inc in 2007
The Economic Times
MAs_were_toast_of_season_for_India_Inc_in_2007/articleshow/2633288.cms
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