India poised
Printed From: The Equity Desk
Category: Economy, Markets and commodities
Forum Name: Indian Economy - Powering Ahead!
Forum Discription: Talk about various facets of the Indian economy, it could relate to GDP growth, inflation, fiscal deficit, disinvestments.Is India at the crux of becoming an economic SUPERPOWER?
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=693
Printed Date: 27/Apr/2024 at 5:23am
Topic: India poised
Posted By: kulman
Subject: India poised
Date Posted: 08/Jan/2007 at 7:02am
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Times group has launched this great campaign titled: http://www.indiapoised.com - "India Poised" Here is its Anthem...listen/watch Amitabh recite this on the link http://www.indiapoised.com - www.indiapoised.com
    ------------- Life can only be understood backwards—but it must be lived forwards |
Replies:
Posted By: s_praharaj
Date Posted: 09/Jan/2007 at 11:52pm
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Kulman,
Its mesmerising.
It brings a great sense of pride to be an Indian.
With Amitabh's voice and style its superb.
Thanx for the link. ------------- Shashi Praharaj |
Posted By: kulman
Date Posted: 09/Jan/2007 at 11:56pm
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Yes it does mesmerise, doesn't it? And nothing to beat Big B's style of narration.....
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: sanjay3
Date Posted: 09/Jan/2007 at 1:52am
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amitji ka jawab nahi hindi ho ya english gazab ka control hai har bar chakit karte hai
thanks for link Kulmanji |
Posted By: deveshkayal
Date Posted: 24/Jan/2007 at 11:30pm
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They r focussing on different aspects from entrepreneur to social developments to infrastructure and providing solutions too. BRICs report. India is poised till we have smart men like Manmohan and PC. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: tigershark
Date Posted: 10/Feb/2007 at 5:38pm
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a mind boggling $600 billion opp is awaiting business houses that target the fast growing affluent poeple of asia about 11 million will be in affluent asia japan hongkong koreaetc but 58 million will be in emerging asia china india malaysia etc this study has been done by dr yuwa hendrick wong asia pacific economic advisor to mastercard worldwide and has been published as a book SUCCEEDING LIKE SUCCESS.coming to how these rich poeple will spend looking at the indian mkt the study says that the estimated discretionary spending per household for the mass affluent has been quite impressive at $ 3700 in 2005 and is expected to go up to $5000 by 2015 among the rich class it will go up from $21000 to $25000 so where have the mass affluent spending their money and where will they spend by 2015.highest on shopping that is mall shopping 14-15billion ,on dining and enternainment8-9billion ,on travel and leisure 14-15 billion, 9 billion on cars,pcs and mobiles and 7 billion on healthcare and luxury medecines a total impressive spend of aprox 53 billionif that figure sounds impressive then look at this the chinese will spend a staggering160 billion on the same items.the rich indian will spend 11-12 billion on the above items on what was it that has made indians splurge on shopping he says that shopping malls have arrived late inindia and are new to this country in japan they came in the 60s poeple are sick of mallsalso the first generation rich are bound to advertise their wealth as loudly and conspicuosly as possible..........if anyone has read this book pl let us know it does make interesting reading and a number companies do come to mind with the survival of the fittest as an added corrolary. ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 10/Feb/2007 at 6:59pm
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......the first generation rich are bound to advertise their wealth as loudly and conspicuosly as possible..........
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I tend to agree with this, one could observe this happening already. It is called as "NEO-RICH" bug.....highly contagious & extremely depressing directly proportional to acquired wealth.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 10/Feb/2007 at 7:21pm
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That means they would buy super high quality luxory goods. More the price of the product or service more it needs to be advertised. --> good for media companies! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 21/Mar/2007 at 8:38am
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CNN has been covering a http:///edition.cnn.com/SPECIALS/2007/eyeonindia/ - special "eye on India". Very interesting one.
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India's Generation Next
India: In one of the world's oldest civilizations rests one of the world's youngest populations; nearly one out of 10 people on the planet are under 25 years old and living in India. How will this so-called "demographic dividend" change India and affect the world? CNN takes a http:///edition.cnn.com/SPECIALS/2007/eyeonindia/ - snapshot of India's youth.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 30/Mar/2007 at 9:24pm
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http://www.financialexpress.com/latest_full_story.php?content_id=159543 - 34 Indian firms in Forbes' list
Oil and Natural Gas Corporation leads the pack of 34 Indian companies, a chunk of them from the banking sector, which have found place on the elite Forbes' list of 2000 corporate giants across the world.
In the ranking based on sales, profits, assets and stock market value, there are five oil and gas companies, four software giants, three each dealing in materials and capital goods, two utilities, and one each food, consumer durable, and telecommunications majors. At the top of the Indian list is ONGC that finds 239 spot in the overall rankings and is followed by Reliance Industries (258), State Bank of India (326) and Indian Oil (399).
Tata Consultancy finds 1047 spot in the overall list but tops Indian companies ranking of software and service outfits. Following it in the category are Infosys Technologies (1130), Wipro (1233) and Satyam Computer Services (1874). Bharti Airtel is the only Indian telecommunications company to find spot among 2000 giants with a rank of 1149. State Bank of India Group finds top spot among the Indian banks and is ranked at 326 in the overall list. It is followed by ICICI bank (536), HDFC-Housing Development (1197), Punjab National Bank (1308), Canara Bank (1360), HDFC Bank (1376), Bank of Baroda (1585), Bank of India (1691), Indl Dev Bank of India (1767), Union Bank of India (1772). UCO Bank (1931), Syndicate Bank (1943), Indian Overseas Bank (1946) and Oriental Bank of Commerce (1974). In the materials category, Steel Authority of India, Tata Steel and Hindustan Zinc find slots in the coveted list. ITC is the only Indian company to make the list in food, drink and tobacco category. NTPC, TATA Motors, Gail India, Bharat Heavy Electricals, Bharat Petroleum, Larsen and Toubro, Hindustan Petroleum and Bajaj Auto are among other Indian companies that find spot among 2000 top companies. The first seven top spots go the American companies. Two firms from Netherland and one from Switzerland are among the first ten companies. The top spot goes to Citigroup and following it are Bank of America, HSBC Holdings, General Electric, JP Morgan Chase, American Intl Group, ExxonMobil (all American), Royal Dutch Shell (Netherlands), UBS (Switzerland) and ING Group (Netherlands). Forbes says this year's comprehensive list of global super stars values the world's largest public companies, including the hottest companies and best performers across 27 industries. The 2007 rankings indicate that globalization is the essential element for business to prosper, the magazine says. China brings 16 new companies to the Global 2000 and the United States has 34 fewer in the list.
A highlight of the analysis is that total revenues of the companies headquartered in Switzerland exceed that nation's gross domestic product.
The US companies included on this year's list have a combined market capitalization of 13.9 trillion dollars.
Argentina is represented on the Global 2000 for the first time ever. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 01/Apr/2007 at 5:32pm
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Sandeep jee
your comments on this please.....
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Uber-cool Swiss swing to Indian musical
They've feted Bollywood, fawned over SRK, named one of their lakes the (Yash) Chopra Lake, welcomed our honeymooners to their Alpine heights, watched our movies in German on weekends, flaunted Ash's face in their shiny watch showrooms, and now the uber-cool Swiss are swinging in step to our musicals as well.
Cut to the Hallenstadion - Zurich's huge indoor arena - where a 4,000-plus audience, mainly Swiss, is dancing in the aisles, clapping and whistling to A R Rahman's Chori pe chori.... Indian soft power is going places. This time the vehicle is Bharati, a lavishly mounted, Broadway-style musical that's been rocking European audiences for over a year. Read complete http://timesofindia.indiatimes.com/SUNDAY_SPECIALS/Deep_Focus/Uber-cool_Swiss_swing_to_Indian_musical/articleshow/1719954.cms - article in TOI here.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 08/Apr/2007 at 12:19pm
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http://www.livemint.com/2007/04/06002305/Can-India-lead.html - Can India lead? (source: mint)
Two speeches given by the Prime Ministers of India and UK in late 2006 vividly illustrate the problems we face in the current international order. The world needs a deeper understanding of the structural flaws of our current order as well as a concerted attempt to address these flaws. The big question here is: Can India provide the leadership to achieve this?
On 7 December 2006, Manmohan Singh gave a thoughtful speech describing some serious problems with the current international order. He added that the world needed to accommodate the rise of Asia. In his words: “Just as the world accommodated the rejuvenation of Europe in the post-War world, it must now accommodate the rise of new Asian economies in the years that lie ahead. What this means is that we need global institutions and new global ‘rules of the game’ that can facilitate the peaceful rise of new nations in Asia.” Sadly, this significant speech was ignored by the international media.
By contrast, when Blair spoke a few weeks earlier (on 13 November 2006) and called for a “whole Middle East” strategy, his speech was blared to all corners of the globe. In his words: “On the contrary, we should start with Israel/Palestine. That is the core. We should then make progress on Lebanon. We should unite all moderate Arab and Muslim voices behind a push for peace in those countries but also in Iraq. We should be standing up for empowering, respecting those with a moderate and modern view of the faith of Islam everywhere.”
The western-dominated international media saw it as completely “natural” to ignore Manmohan Singh and publicize Blair. What they don’t “see” is the distorting lens that this western media uses in describing contemporary realities. By any rational calculation, the international reporting should have taken a completely opposite pattern.
Blair is a decent man. He has brought considerable charm, good looks and an acute intelligence to his job. But history will be unkind to him. His foreign policies have been close to disastrous. It is ironical that Blair should call for the “moderate Muslims” to stand up. His support for the disastrous invasion and occupation of Iraq, as well as his failure to persuade Bush to solve the Israel-Palestine issue, has undercut the standing and effectiveness of moderate Muslims everywhere. His November 2006 speech said nothing new. Several months later, it is also clear that nothing came of it. The western-dominated international media could have safely ignored it. It made no difference to human history. It was only another sad reflection of the failed western policies in the Middle East—failed policies which have jeopardized both the West and the rest of the world.
Manmohan Singh is an even more decent man. Unlike Blair, history will be kind to him. Although modest and soft-spoken, he has played a pivotal role in engineering the re-emergence of India as a major power. Despite his close alliance with Bush, Blair has received no foreign policy dividends. By contrast, Manmohan Singh secured the legitimization of the Indian nuclear programme. Manmohan Singh has also bravely pushed forward the Indian economic reform programme, even though he has to fight hard to hold together a coalition government. Against the odds, he has kept India’s economy roaring. In the last quarter of 2006, the Indian economy grew by 9.2%. Hence, when Manmohan Singh called for a reform of the international order, the western media should have broadcast it to all corners, rather than ignore it.
To be fair, the “distorting lens” of the western-dominated international media is not the only reason why Indian speeches on international issues are often ignored.
There is still a strong ambiguity about the actual direction of India’s foreign policies. India wants both to cling to non-alignment and to be accepted as an independent major power. It is hard to pursue both roles at the same time. India is also reluctant to go the full distance in analysing the real difficulties that need to be overcome to reform the multilateral system.
Take the case of the reform of the UN Security Council (UNSC). The open-ended Working Group on UNSC Reform (which the wags now call the “never-ending Working Group”) has been meeting since 1993. Nothing has changed. India’s main proposal for reform is to add more permanent members (or more vetoes). Why should the rest of the world accept more vetoes? If it does not further their interests, why support it?
There is a way forward for UNSC reform. But it will take some courage to push it. The principle of “permanent” members is correct. The major powers should be anchored in the UN system, not kept out. However, for UNSC to remain relevant, it should reflect the power configuration of 2007, not 1945. A new comprehensive and flexible system allowing renewal and revitalization of UNSC membership is needed. But it also needs to include elements that would appeal to the rest of the world to support it. They would happily support a UNSC where the UNSC “permanent” members accepted responsibilities commensurate with their privileges. This is a cardinal principle found in any democratic system. Every powerful position comes with responsibility and accountability.
As the world’s largest democracy, India would have tremendous credibility in pushing forward this principle. And when it does, the answer to the question “Can India Lead?” will be a resounding “YES”!
Kishore Mahbubani is dean of Lee Kuan Yew School of Public Policy (National University of Singapore), author of “Can Asians Think?” and “Beyond the Age of Innocence: Rebuilding Trust Between America and the World”.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 11/Apr/2007 at 11:50am
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INDIA TEST FIRES LONG RANGE NUCULEAR CAPABLE MISSLE ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 12/Apr/2007 at 12:00pm
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Many times Agni does not go off at first shot. Saw on Tv that it could hit targets in Beijing!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 14/Apr/2007 at 6:50pm
------------- Life can only be understood backwards—but it must be lived forwards |
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Posted By: kulman
Date Posted: 14/Apr/2007 at 7:48pm
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Here's http://www.livemint.com/2007/04/14164237/US-eyes-lucrative-fighter-jet.html - more from that joint forum of the Woodrow Wilson International Center for Scholars and the Federation of Indian Chambers of Commerce and Industry (FICCI):
United States was prepared to work with it in the postal sector to allow competition from express delivery companies as well as in the elimination of non-tariff barriers to trade in medical devices.
It was also willing to cooperate with India in liberalizing its financial sector in a bid to create a regional financial center in the flourishing business hub of Mumbai, and open access to foreign broadcasting and cable television.
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And here's a news from Far-East: http://www.livemint.com/2007/04/14170955/Japan-to-help-India-to-build.html - Japan to help India to build $50 bln industry corridor
India will build an industrial corridor between Delhi and Mumbai at a cost of $50 billion with Japanese assistance. Top officials of India and Japan are drafting the north-west corridor project on the lines of Tokyo-Osaka industrial corridor, so that work can start from January 2008.
The project will include a high speed rail freight corridor, additional power of 4,000 megawatt, three new sea ports and six airports, he said. India also plans to upgrade existing industrial units, build 12 new industrial clusters, 10 logistic parks and agricultural hubs alongside the industrial corridor.
(source: livemint)
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 14/Apr/2007 at 7:39am
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http://timesofindia.indiatimes.com/articleshow/msid-1911408,prtpage-1.cms - Reducing poverty unwittingly (Sunday Times) What has India's economic boom in the last 15 years done for the poor, especially the rural poor? The boom in stock markets and urban real estate has added billions to the wealth of those already well off. But what about the poor?
This question is typically answered using data on income and education. But this misses a critical fact. The economic boom has hugely benefited two categories of people who were once poor, and may still seem poor. One is farmers within a 50-kilometre radius of any major city. The second is poor urban migrants who have encroached on public land. Urban land prices have skyrocketed. This has hugely raised rural land prices too. For its SEZ in Maha-Mumbai, Reliance Industries Ltd has offered farmers Rs 10 lakhs per acre. Moreover, 12.5% of the acquired land will, after being developed, be returned to each farmer. For its Haryana SEZ, Reliance has offered Rs 20 lakh per acre, but is finding buyers scarce. Builders offer up to Rs 3 crore per acre near Gurgaon, and Rs 1 crore for land along the Delhi-Jaipur national highway. Even at these prices, many farmers are not selling. Romantic pastoralists believe that farmers are wedded to farming. But a recent NSSO survey shows that over half of all farmers want to leave farming, if possible. Clearly, farmer reluctance to sell is based mainly on the expectation of even higher prices, an expectation that is constantly fulfilled. The priciest farmland is in the green belt of Delhi. The price there has risen to an astronomical Rs 10 crore per acre. The boom in land values may not have reached all remote areas, but has reached most parts of India. Land prices have skyrocketed in the mountain states of Himachal Pradesh and Uttarakhand. Land within a 50-kilometre radius of any major city is now worth lakhs per acre. So, the economic boom has converted millions of small and marginal farmers into lakhpatis, and a few into crorepatis. Now, single-cropped land yields an income of maybe Rs 10,000 per year, and double-cropped land maybe Rs 25,000-30,000. So, many families (typically with five to six members) owning one or two acres are below the poverty line. Even so, their assets are becoming valuable thanks to the broader economic boom. Many farmers who sold their land for lakhs blew up the money on high living and cars, and were soon left with very little. Yet hundreds of millions did not sell, and are now sitting pretty. I know a property dealer in Ghitorni, in Delhi's green belt, who used to be a marginal farmer and still owns one-and-a-half acres. This is now wor-th Rs 15 crore, making him richer than most of this newspaper's readers. I used to bemoan the fact that small farmers who sold early lost out. But not always. A friend who owns a few acres in Haryana, says that villagers want to buy his land at a fancy price. He asked them, how can you afford to pay so much? Oh, they replied, we initially owned land near Gurgaon. Having sold that for a fortune, we bought land 10 miles further out; then we sold that and bought again 10 miles further out; and with the profits we can buy you out easily. Landless labourers, often the very poorest, have obviously not benefited from the land boom. Yet, millions of them who migrated to cities have gained. A big chunk of the urban population consists of rural migrants who initially squatted on public land, and paid protection money to politico-mafias (sometimes called slumlords) to avoid eviction. In due course, the squatter colonies were regularised, typically by politicians before elections. In other cases, the squatters were shifted to land in the periphery of the city, which initially seemed of little use but soon became very valuable as the city expanded. In a 1984 lecture, former housing minister Jagmohan estimated that four-fifths of Delhi's settlement areas were once illegal and later regularised. Today, the smallest dwellings in Delhi are worth a fortune. In Hauz Rani, across from where I live, tiny shops are being sold for over Rs 1 crore. Dharavi in Mumbai, once called the world's biggest slum, is now prize real estate. So, encroachment followed by regularisation has benefited millions of once poor people. I have long excoriated the government for not doing enough for the rural poor. After 60 years of Independence, it is disgraceful that every village does not have a pucca road, electricity, telecom, and a functioning school and health centre. Instead of providing these basics which would have converted many villages into prosperous towns successive governments have spent 14% of GNP on subsidies, most of which benefit the non-poor. Conscious attempts by the government to alleviate poverty have yielded very modest results. But, ironically, the government has unwittingly enriched millions of poor people through policies that have created an urban real estate boom. And this has been buttressed by democracy's inexorable pressure to regularise squatter settlements. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 30/May/2007 at 9:49pm
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Indian biz honchos most stressed globally, says survey (source: mint)
Indian business leaders are among the world’s most stressed employees as they put in more working hours (around 57 hours per week), in a bid to remain competitive in a globalised and technologically advanced world, a new survey says.
Business leaders in emerging economies tend to work the longest hours with India and Argentina at the top of the league, both at 57 hours a week, followed by Armenia, Australia and Botswana (56 hours), as per global accounting and consulting firm Grant Thornton International Business Report (IBR).
“Stress levels are continuing to rise around the world, with particular concern for business leaders in the emerging economies of mainland China, India and Russia,” leading global accounting and consulting firm Grant Thornton India National Managing Partner Vishesh Chandiok said.
The survey “International Business Report (IBR)” tracks the attitudes and expectations of small and medium-sized businesses. In India, 79% respondents said their stress levels have increased and in Russia 76% feel the same.
“Globalisation and increasing technological advances have increased the pressure on business leaders to ‘always be contactable’ and this appears to be having an increasing strain on their lives,” Chandiok said.
Mainland China tops the chart as its business leaders, working 54 hours a week, are the most stressed in the world, with 84% reporting an increase in stress levels compared to last year followed by Taiwan with 82%, as per the IBR report.
“The stress levels appear to be a reflection of the pace of growth in these economies and of the longer hours worked by business leaders in these countries as they strive to take advantage of domestic and global economic expansion,” Chandiok added.
The study includes countries like - Australia, Canada, France, Germany, Greece, Hong Kong, India, Ireland, Italy, Japan, Mexico, the Netherlands, Poland, Spain, Sweden, Singapore, South Africa, Turkey, the UK and the US.
Chandiok further added that the challenge for business leaders is how they can improve modern working practices to allow time to ‘switch off´ from the strains of increasingly demanding business lives - while remaining competitive.
Interestingly, business leaders in Europe are the least stressed with just 27% of Swedish business owners reporting an increase in stress levels, followed by Ireland (35%) and the UK, the Netherlands and France (all 37%).
Commenting on the findings Alex MacBeath, Global leader of privately held business services for Grant Thornton International said, “the shorter working week in Europe is reflected in the lowest rise in stress levels worldwide suggesting that European businesses are perhaps leading the world in managing work life balance and quality of life”.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 11/Jun/2007 at 10:20am
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http://economictimes.indiatimes.com/India_shining_at_bottom_of_the_pyramid/articleshow/2116459.cms - India shining at bottom of the pyramid (ET)
Economic growth means different things to different people. For Panda Babu, 34, a carpenter from Kolkata, it means a regular paycheck, being able to live with his family, seeing his 5-year-old daughter go to school and having access to drinking water and toilet closeby.
Panda, a high-school passout, has never had it this good in his 15-year-old career. Working at a residential complex in Pune, bang in the middle of a real estate boom, his skills are in demand. At least two contractors have sent out feelers in the last six months. But he does not get tempted. Gera Developments is taking good care, he says. A crčche and makeshift school for children, basic medical care, comfortable huts to live in—everything is available on campus. His skills are developing as he’s put through training sessions to use new tools, and there’s a lot of thrust on safety too. “Who would provide all this,” he says. These comforts encouraged him to bring his family from Kolkata. Inspired, a few of his fellowmen back home are now seeking livelihood in Pune rather than Punjab. Scarce talent, buoyant growth and surging attrition have led to hefty pay hikes, pushing companies to focus on employee well-being and better work environment. But most of it seemed to be happening in the rarefied world of white-collar, air-conditioned corporate offices. Scratch a little deeper and cast the net wider. Perhaps not as brightly, but India seems to be shining at the bottom of the pyramid as well. It’s beginning to show in a few places that liberalisation seemed to have skipped past. There could not have been a better example than the construction and infrastructure sector. The second-largest job creator after agriculture, the $70-billion construction industry is likely to create 90 million new jobs by 2012. Around 60 million will be unskilled and 25 million skilled and semi-skilled workers. “Business is coming easy. It’s the labour shortage in the construction industry that is becoming one of our biggest challenges,” says GMR Group chairman GM Rao. Employers mourn the labour shortage, but workers are simply loving it. Salary hikes, better work environment, training and development—in an industry dominated by unorganised, unskilled and semi-skilled workers—indifferent employers are being forced to learn new lessons in employee engagement. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 12/Jun/2007 at 3:48pm
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Ahead of the admission processes to colleges and universities beginning this summer, an Assocham Business Barometer (ABB) has identified that disciplines like http://www.financialexpress.com/latest_full_story.php?content_id=166920 - retail, aviation, hospitality and brokerages offer high growth potential for students aiming for a rewarding career .
The ABB study on "Job Opportunities in Emerging Sectors," revealed that there is lack of information about careers opportunities that exist not only in the much-sought after IT and management sectors but also in numerous emerging areas. High consumer spending has spawned a huge interest in the retail sector, 97 per cent of which is still unorganised.
It is estimated that the sector will add up to 14 billion dollars in terms of market size by 2010 to cross 21.5 billion dollar. "The retail sector will churn out significant job opportunities. The forecast 20,00,000 jobs by 2010 directly through retail operations, the ABB study said. The hotel sector would need a fresh workforce of at least 94,000 by 2010-11 from streams like home science, commerce, physics and engineering etc. The aviation space in India is growing at 25 per cent per annum, creating abounding job opportunities. The sector is particularly faced with a crunch of pilots. The industry is expected to add 130 airliners to the current fleet of 270 airliners and create 2,00,000 jobs by 2017, the statement said. The openings would be generated in the areas of flight dispatchers, cabin crew, airline managers, airport managers and ground handling personnel. (source: FE)------------------------------
RJ Bhaiyya had acquired stake in an Aviation training institute thru Aptech. Very smart move.....
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 12/Jun/2007 at 4:25pm
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RJ Bhaiyya had acquired stake in an Aviation training institute thru Aptech. Very smart move.....
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Kulmanji this is the perfect pick axe theme to work on. The main sector (aviation) is under a cloud with fare cutting; styake buying etc but air hostesses would be needed especially when Mallya is in mid air  ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: kulman
Date Posted: 12/Jun/2007 at 4:38pm
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Yeah, what you say is very logical.
Apart from that the other main sectors mentioned there are Retail, Brokerage & Hospitalility where huge job creation would happen in the years to come.
Bhaiyya once had mentioned that only God's wrath could derail India growth story. For a while just forget about where Sensex or share prices will go......majority of Indians will become prosperous and that's a fact.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 15/Jun/2007 at 10:36pm
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http://www.businesstimes.com.sg/sub/storyprintfriendly/0,4582,237550,00.html? - Indian construction sector to employ 90m workers by 2010
INDIA'S booming US$70 billion construction industry will rise to US$120 billion by 2010, and by then 90 million workers will be needed to sustain it, according to a leading industry lobby. Currently employing about 30 million people, the sector will provide enormous direct and indirect job opportunities to skilled and unskilled workforce, according to the study, 'India's Construction Industry: Growth, Opportunities and Constraints,' by the Associated Chambers of Commerce and Industry of India (Assocham). The sector's contribution to gross domestic product (GDP) will also grow to 4 per cent. The high demand for workers stems from the huge investments that have been planned, particularly the massive highway and golden quadrilateral projects. According to Assocham, the government will invest around US$150 billion in the next five to six years to develop the country's infrastructure, and of that amount, US$60 billion would be for roads and highways. The telecoms sector will require investments of up to US$10 billion by 2015-17. Due to the rapid rise in air passenger traffic, the civil aviation industry will boost the construction sector, requiring investments of US$4 billion within the next decade for construction and upgrading of airports. Retail will be another sector that is going to provide a fillip to construction. Indian retail is coming of age and is set to generate US$430 billion from the current US$328 billion with the entry of big players such as Bharti Enterprises (planned investment of US$2.5 billion), Reliance (US$5.5 billion) and some foreign players. The share of organised retail, which will directly impact construction due to the building of retail space, is estimated to rise 20-22 per cent from the current 4 per cent to become a US$90 billion industry. Like other sectors, the construction sector, too, will be hampered by the scarcity of well-trained manpower. India Inc should brace for a shortage of 5-6 million skilled professionals in the next five years, as the country's educational system is not geared to meet the demand, industry body PHD Chamber of Commerce and Industry (PHDCCI) said recently. The services sector requires more than three million skilled professionals a year.The demand is fuelled by sectors like information Technology, IT-enabled services, banking, hospitality, retail and insurance among others. Crucially, many civil engineers prefer to take up the more lucrative IT jobs. This is the fourth straight year that salaries in India, led by the IT industry, are projected to rise faster than in any other major Asian country. The top five domestic software firms - TCS, Infosys, Wipro, Satyam and HCL Technologies - alone added over 23,000 employees to their payrolls in the last quarter of 2006. This year they are expected to hire 100,000 more. According to global research and market intelligence firm International Data Corporation (IDC), despite the appreciating rupee, India's IT sector will cross the US$100 billion mark in revenues within the next four years and will grow at a rate of 18 per cent. Recently, N R Narayana Murthy, chief mentor of software giant Infosys, said that India should quickly put in place a modern and world-class human resources policy to avoid serious problems in further growth. 'There is a serious manpower shortage,' said Mr Murthy. Industry body PHDCCI has said that if the country failed to meet the increasing demand, cross company poaching would further skew wage distortions in the job market.
Copyright © 2005 Singapore Press Holdings Ltd. All rights reserved. ------------------------------------
RJ Bhaiyya correctly says that we've just seen tip of the ice berg.... I liked his following comment during that interview on CNBC:
"The dogmatic emphatic bullishness that I have would be India and equity market itself is a contrarian call because I don’t think many people share it really and genuinely. When markets are up, they all say - no, India is going to boom. But the moment there is weakness; everybody is out with a sword. " ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 21/Jun/2007 at 8:50pm
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http://www.businesstimes.com.sg/sub/storyprintfriendly/0,4582,238262,00.html? - Indian economy highest employment generator
Rapid growth may lead to manpower crunch: reports
HIGH- SUSTAINED growth in India is generating huge employment opportunities in the country, and a flow-on effect to many sectors - a phenomenon which is increasingly highlighted in reports.
The OECD report comes in the wake of other indicators of high employment avenues in India, resulting in a manpower crunch as well.
Federal Finance Minister P Chidambaram recently said that the Indian economy should grow at 10 per cent in the current fiscal year, following on 9.4 per cent in the last fiscal year and 9 per cent in 2005-2006.
In a recent study, industry body, the Associated Chambers of Commerce and Industry in India (Assocham), has identified aviation, hospitality, brokerages, insurance, software, business outsourcing and retail as sectors that will generate maximum jobs for young people.
In another study, it said that the country's booming construction industry, currently at US$70 billion, will rise to US$120 billion by 2010, requiring manpower of over 90 million from the current 30 million.
The OECD report says that India also has the lowest rate of jobless people among BRIC nations. The country's unemployment rate stood at 6 per cent in 2005, compared with China's 8.3 per cent, Russia's 7.9 per cent and Brazil's 9.3 per cent.
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Posted By: PKB2000
Date Posted: 27/Jun/2007 at 1:11am
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http://money.cnn.com/2007/06/27/markets/emerging_markets/index.htm?postversion=2007062712 - After China and India: The next hot markets 12:57pm: Rising interest rates and volatility are likely to slow the rally, but some analysts still see upside for overseas markets. ( http://money.cnn.com/2007/06/27/markets/emerging_markets/index.htm?postversion=2007062712 - more )LONDON (CNNMoney.com) -- For years investors have piled into economies like China and India in search of outsize returns.
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Countries like India and China, while they are maturing, still are growing at a heady pace, analysts said. India has made infrastructure investment a top priority over the next several years, which will create investment opportunities, according to Richard Portes, professor of economics at London Business School.
----------- ------------- I am always doing that which I cannot do, in order that I may learn how to do it. ~Pablo Picasso |
Posted By: kulman
Date Posted: 04/Jul/2007 at 8:04pm
------------- Life can only be understood backwards—but it must be lived forwards |
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Posted By: kulman
Date Posted: 04/Aug/2007 at 4:42pm
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Would this gigantic project have dramatic impact or is it just another hype?
Sethusamudram project: Trials and travails Joining the Ivy league of the world’s best known maritime waterways (Panama Canal, Suez Canal, Malacca Strait), albeit not of their size or strategic significance, will soon be the Sethusamudram canal, across the Palk Straits between India and Sri Lanka, linking the Palk Bay and the Gulf of Mannar, through Rameswaram island.
Currently, ships traversing between
The Sethusamudram Ship Channel Project (SSCP) constitutes the country’s first effort to dredge a navigation channel that is located 30-40 km offshore. It is also the longest sea bed dredging project ever to be taken up by With two legs - one in the Adam’s Bridge, where the average depth is only about 3 metres, and the other leg in the Palk Strait where the depth averages 6-8 metres - the present Sethusamudram channel is over 20 km from the Shingle Island off the Gulf of Mannar near Dhanushkodi, running parallel to the India-Sri Lanka Medial Line, at a minimum distance of 3 km within India’s own territorial waters. The length of the proposed channel is expected to be 167.57 km, with its southern leg at Adam’s Bridge area 34.92 km long, the northern leg in Palk Strait 54.33 km long, and the intervening While the northern and southern legs, involving the shallow sea bed of the An SPV - Sethusamudram Corporation Ltd - has been entrusted with the responsibility to execute the project. A debt equity ratio of 1.5:1 is contemplated for its funding, with a contribution of Rs 495 crore by the Central Government, and partnership from the ports of Tuticorin, Chennai, Ennore, Designated in February 1997, by the Union Ministry of Surface Transport, as the nodal agency for the project, Tuticorin Port Trust has been scaling up its business prospects of domestic transhipment containerised cargo. Sethusamudram Corporation Ltd has proposed a container transhipment hub to be constructed at Colachel, a minor port in southern Tamil Nadu. Although the project at Colachel had been proposed by RITES in its Port Vision 2020, and a feasibility study was prepared in 1998 by the State Government, and updated in 2000 by a Malaysian enterprise for a The project is of strategic importance, as it will facilitate easier and quicker access between the country’s coasts for The channel will cut short the sailing distance for ships to the extent of 425 nautical miles (780 km) and up to 30 hours of sailing time.
It will signify a shorter navigation route between Kanyakumari and Tuticorin and other east coast ports of Chennai, Ennore,
Source: http://sify.com/finance/fullstory.php?id=14504388 - Sify/HBL news
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: deveshkayal
Date Posted: 12/Aug/2007 at 11:14am
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Will India be an iconic economy?
Just sixty years ago, in 1947,
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In seventeen years, we have the courage to debate a theme like will we be in the top three economies of the world? It is quite extraordinary that we have come so far in these 16-17 years, preceded by 40-50 years of economic isolation. So, will The question is, what can stop Chairman, Wipro, Azim Premji adds, “I think it is very important that we do not keep patting ourselves on the back and build up a huge sense of complacency. The points which Sunil Mittal just made in terms of people below the poverty line, the visible disparity between the haves and the have-nots, is more accessible through TV and media, and the fact that we have still not got our primary education act right. 25% of our teachers never come to school or teach, one in three people cannot read or write in standard five, and 40% of our students dropout by standard eight. These are all very fundamental issues, which we have not tackled.” Chairman & Managing Director, Reliance Industries, Mukesh Ambani feels that going forward, there should not be more of the same kind of development but an iconic new transformational model should be adopted that delivers to all people and not just a select few. Along with this, empowering people has to be a simultaneous goal. Commerce & Industry Minister, Kamal Nath also agrees and says that Mittal says he’s had 32 years of experience walking the corridors of power for his business requirements and he thinks things have dramatically improved. But he does not think it will ever become perfect. He should know because he spent the last eight months trying to convince the government that Wal-mart is not coming in through the backdoor. He says, “No, I think that debate is more in the media. There is a government policy that is being followed and you need to see how the energy is being now applied into the marketplace. But are these just feel-good words or have there been transformational policy changes in the government? Ambani says, “What is required is purpose and I think that is collectively not only the government’s job - it is your job, my job, the civil society’s job to put purpose behind the economy, behind a country, behind a state and behind a company. “ “Sunil Mittal and I had a purpose of transforming this telecom industry in 2001 and we went through the same thing and the government at that time with Mr Arun Shourie married that purpose and said, “It is important that India has 500 million phones” and in five years, we have got 350 million phones and I think it is a great work that his company and all the other companies have done.” He adds, “Today what is important is that we have got to recognize that in a democracy, there is space for vibrant debate and we have got to demonstrate even from the industry point of view that special economic zones are the next generation vehicles to create employment in the country. Look at agriculture; we have the state of Uttar Pradesh coming out with an agricultural policy, which is very good.” Premji reiterates, “Ask yourself a question, how much transformation have you done in CNBC (TV18), how much transformation have I really done in Wipro? It is way below what we should be doing and way below what we are capable of doing. I think if you measured against certain standards, which are realistic, the government has put its fair share on the table on this one.” Premji also feels that the media does make more of a big deal of some things and there is a public debate of issues that could have been quietly. But Bahl says that there is need for debate on issues like infrastructure, which is driving away business and also proving to be hindrance to development. For instance, Bahl explains, “That is exactly the point that I am trying to make, in1982 we got the first airport in Nath explains, “Democracy is not a buffet table that you pick what you want. Democracy comes in its entire package of lively debate, criticism, and transparency. In this great transformation, which we have had in the last fifteen years, there are so many things to which the government is new. We are grappling every day with things, which are new. We used to always think in terms of appreciating dollar and depreciating rupee. Now we are thinking and grappling with appreciating rupee; we are talking about public private partnerships. It took us one and a half years to make tender documents for privatization of this Does this mean, we are supposed the government should be given the benefit of doubt. Nath says, “No, you are not supposed to give benefit of doubt but you are supposed to be realistic and optimistic. I am saying that there are many things which are new for the government, which it has to grapple with and understand them. There are many trials which we have got to go through and at the end of the day, whatever policies come out, whatever processes we have adopted have worked.” “ But a lot of people will say that the economy is doing well because of the sheer momentum of the country. Yet policy confusions exist. As Bahl point out, the administered price policy on oil which was dismantled in 1995 but then who is controlling oil prices - the government is. Is the oil deficit still shown on the http://www.moneycontrol.com/india/news/current-affairs/will-india-beiconic-economy/01/00/297602# - Ambani says, “Absolutely, I agree with you and one of my own beliefs is that one of the challenges for us to get on to that iconic path is really to think through subsidies in a sensible way. We have got to ask the question whether Raghav Bahl, Azim Premji and Mukesh Ambani need subsidy on LPG and how do we target subsidies to the vulnerable sections. This is the problem in the oil sector and it is a fact.” But Nath says subsidies on LPG or power are going to be around for a while because the masses want it and unless there is a consensus arrived at, that subsidies are not required, then he promises that the government will act accordingly. However Bahl says, “I think the opinion exists in the country that subsidy should be targeted. If you give them good power, people will pay.” But Nath reiterates, “I really think that people are not ready to accept that subsidy in LPG should go. We – the urban elite - can say it but if you go a couple of miles out of He may have a point here and to wean the public off from expectations of such free services is going to take a while, and that may put a slight dampener on India becoming an iconic economy just yet…among other greater issues that the country needs to grapple with even after 60 years of Independence ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: kulman
Date Posted: 13/Aug/2007 at 12:47pm
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I saw that program. The best was from MDA: "Transformational Thinking, change in mind-set". ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 14/Aug/2007 at 4:31pm
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'To be Indian, is very heaven'
Describing the thrill of the French Revolution, William Wordsworth wrote "Bliss it was in that dawn to be alive/But to be young, was very heaven."
Substitute "Indian" for "young" and that pretty much describes my feelings on this 60th anniversary of our independence. It's been a sixty-year revolution from global basket case to heir apparent to the future, but we've done it. The last ten incredible years were enabled by what has gone before. We were fortunate have founding fathers, who placed institutions above individuals and first principles beyond transient majorities. Our first toast must be to their vision. Next, let's raise a toast to ourselves, the citizens of India. The two transcending themes of the last decade have been economic growth and soft power, and let's not be modest - it was all our own work. Indians of every stripe, from writers, artists, and filmmakers to technocrats, IT geeks and businessmen, have created growth and established an Indian global presence. In the process, a vibrant spirit of entrepreneurship and creativity has been re-born. We've all had the privilege of contributing to this transformation. The challenge is to make it a continuing one that improves the life of every Indian. India seems to flourish in thousand year cycles. We were the world's most prosperous nation in the 1st century, and then again in the 11th century. The twenty-first century has ushered in the third cycle. Let's ensure that history repeats itself. (The author is Vice Chairman & Managing Director, Mahindra & Mahindra) Source: ET http://economictimes.indiatimes.com/To_be_Indian_is_very_heaven_Anand_Mahindra_/articleshow/2280480.cms - news here
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 06/Sep/2007 at 3:35pm
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http://www.thehindubusinessline.com/businessline/blnus/00061406.htm - Indian firms outshine others in Forbes Asia 'Fabulous 50' list
China may be the 'world's factory,' but Indian companies, led by software giants TCS and Infosys, continue to outshine and dominate the annual ranking of big-cap, profitable companies in Asia.
A total of 12 Indian companies made it to the third annual Forbes Asia Fabulous 50 List, followed by Taiwan with 10 and China with seven, Forbes Asia said in a press release. Four of India's IT outsourcing companies made the cut including the biggest, Tata Consultancy Services (TCS) that writes software for leading American firms. Its revenues leapt 45 per cent in the last year and its market capitalisation has doubled since listing three years ago to cross the $27 billion mark, the release said. Tata earns nearly all of its revenues overseas but will move some of its work back to India, it said. The 12 Indian companies on the Forbes Asia 'Fabulous 50' list are: Bharat Heavy Electricals, Bharti Airtel, Grasim Industries, HDFC Bank, ICICI Bank, Infosys Technologies, Larsen & Toubro, Reliance Industries, Satyam Computer Services, Tata Consultancy S ervices, Tata Steel and Wipro. Most of the Indian firms on the list, however, did not have to leave home to find success, the release noted. With a relatively young population of 1.1 billion, India has its own huge market. Companies such as ICICI Bank, HDFC Bank and Bharti Airtel are growing fast by reaching out to the country's rural customers, not to Western markets. Others, such as Grasim, Larsen & Toubro and Reliance, are shoring up the country's infrastructure at a furious pace.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 07/Sep/2007 at 10:32am
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Fortune magazine covers some India-specific topics nicely. For those interested, here' the link:
http://money.cnn.com/magazines/fortune/india/">
 ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 11/Sep/2007 at 5:20pm
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Amazing child prodigy!!!! It somehow re-affirms my view that Bangalore IT kids are the smartest......(with a few exceptions of course!) http://www.livemint.com/2007/09/11134718/Bangalore-boy-plans-to-sell-st.html - Bangalore boy plans to sell stake in co to London-based FI Suhas Gopinath, who shot into limelight seven years ago by becoming a CEO at the age of 14, is holding talks with a London-based financial institution to sell 20-25% stake in his IT company Globals to fuel its expansion plans, particularly in Europe.
“If we agree with the offer price, this deal could happen as early as this month-end,” Gopinath, now 21, told PTI.
He said his company has agreed to take it public in the coming years for enabling this financial institution to exit from the firm.
“Most of the funds will be utilised to open marketing offices and on-site centres in Europe, which largely remain untapped by Indian IT companies,” he said.
“We are moving from service-based company into a product-based one and so would be needing funds”.
Globals Inc, which is into Enterprise Resource Planning (ERP), web-based solutions and related areas, currently has a headcount of 400.
Gopinath said the company has opened an office in Cologne in Germany, where it has appointed locals. In Germany, the company is executing a web application project for Mercedes Benz.
”We have plans to venture into finance, research and hedge fund outsourcing shortly”, Gopinath said.
“We will open a separate subsidiary for knowledge process outsourcing by November-December”.
Gopinath said the company is totally focusing on the European market, where it has been approached by many to develop specialised social networking websites for professionals such as doctors and lawyers.
According to him, his company has taken a minority stake in Shanghai-based Supply Management Institute, for which it’s providing ERP and supply chain management solutions suited for small and medium business enterprises.
Gopinath founded the company in the US as Indian laws did not allow him to do so at that age. He floated the private limited company here in 2005.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: omshivaya
Date Posted: 11/Sep/2007 at 6:59pm
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India is full of prodigies of every kind Kulman jee, not just in Bangalore trust you me. As decades pass by and as media field becomes more competitive, more and more stories will surface...each mind-boggling than the previous. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: kulman
Date Posted: 11/Sep/2007 at 8:48pm
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India is full of prodigies of every kind Kulman jee, not just in Bangalore...
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Fully agreed Om jee.
My comments were actually targeted to get some nice reactions from a Bangalore-based TEDdy who seems to have either ignored it or is speechless.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: omshivaya
Date Posted: 11/Sep/2007 at 1:34am
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Oh Ok! By the way, I also made a general comment...nothing targeted at anyone. Hope it's okay with you. I know it is, but still wanted to clear it.
By the way, if you have been watching channels these days, loads of unusual stuff keep coming up. Like a 4-5 year old Orissa kid who eats "the most chilly red chillies of the world" like lollipops daily(loads of it daily) and the doctors who have examined him says his body is as fine as someone else's.
Or for that matter, some yoga practitioner who literally does his yoga lying on top of the a swimming pool.
Arre, India to is full of ek se barkar ek ustad.... ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: vivekkumar_in
Date Posted: 11/Sep/2007 at 2:57am
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It is true.. There was also this recent article that of Guinness Book Indians have highest entries.. There are ppl who do things to stand out of the crowd.. Pity that some of this could not be channelized to competitive sports for Olympics like running, swimming etc... ------------- Often we forget there's a company behind every stock,and there's only one reason why stocks go up. Companies go from doing poorly to doing well or small companies grow to large companies. P Lynch |
Posted By: kulman
Date Posted: 11/Sep/2007 at 8:19am
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Pity that some of this could not be channelized to competitive sports for Olympics like running, swimming etc.....
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Yeah....that's the saddest part. I read that Chinese Govt identifies young talent at primary school level, then grooms & nurtures them to help sportspersons become World's best. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 23/Sep/2007 at 9:01pm
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Indian business leaders see the http://www.dnaindia.com/report.asp?newsid=1123052&pageid=2 - civil nuclear deal with the US as a treaty to increase American investments back home, but said political change will not shake investors' confidence.
"If this (123 Agreement) was to go through, this will be a very big signal...It will enhance US investments into India. Not only US but also other countries like France, Germany...We are very hopeful that this will go through," said Nandan Nilekani, who is steering the 'Incredible India@60' brand building event here from Sunday.
"This country works on signals...that will generate a lot of movement...this event if nothing else will generate a great amount of positive signal," said Confederation of Indian Industry President Sunil Mittal, who is also the chairman of Bharti Enterprises. Both Nilekani as well as Mittal admitted that India still faced a lot of challenges in winning investors' confidence, but said the difficulty quotient of doing business in the sub-continent nation was getting lesser and lesser. "If you see the 70s, 80s, and 90s, things have become much easier now," said Mittal. He said the one thing that visibly ails India is infrastructure, which the industrialist felt would take at least 15-20 years for the government to set right. "There are only a handful of (problem) areas... I am not saying its utopian, but its much, much better today."
"It is not that you do one event and an order cones...we are trying to leverage India's growth story... India has never been in such an advantageous position before," said Nilekani, who is also the co-chairman of software major Infosys Technologies. While they are doing their bit, Mittal said the industry would ask the government to increase the efficiency of India's education delivery system so as to effectively leverage on its demographic advantage. Demographics is a part of the four Ds* (Democracy, Diversity and Development being the other three) that India is showing off as its successes to the world in New York. ---------------------------------
Thank God they didn't include the 5th D* in that event: Derivatives.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 25/Sep/2007 at 10:28pm
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http://www.businesstimes.com.sg/sub/news/story/0,4574,250099,00.html? - Private majority in US$90b project Govt will have 49% stake in Delhi-Mumbai industrial corridor Private companies will own a majority stake in a firm that will manage India's largest infrastructure initiative to enable faster execution of the project, The Economic Times daily reported on Sunday. The federal government and six state governments will hold a 49 per cent stake in the US$90 billion Delhi-Mumbai Industrial Corridor Project, with the rest owned by infrastructure firms, the paper said, citing sources close to the development. The project to link India's political and financial capitals is being funded by the Indian and Japanese governments, Japanese firms, and money raised by Indian firms issuing shares in Japan. The project, modelled after the Tokyo- Osaka industrial corridor, stretches across six Indian states and will include a high-speed rail-freight corridor, new power capacity of 4,000 megawatts, three new sea ports and six airports. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 28/Sep/2007 at 12:09pm
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A survey of 340 companies worldwide by consulting and outsourcing major http://www.dnaindia.com/report.asp?NewsID=1124080 - Capgemini and ProLogis suggests that India could challenge China as the manufacturing hub of the world in the next three to five years. According to the report, some of the main manufacturing locations in China are becoming too expensive relative to other countries in the region, which includes India. "India is on the threshold of an exciting opportunity in the manufacturing outsourcing space...respondents indicated that they see manufacturing activities as the primary activity to be offshored to India in the next 3 to 5 years, surpassing even IT and BPO activities," Capgemini India's Executive Chairman Salil Parekh said here on Friday. "If the Indian government makes significant investments in infrastructure then it should be able to attract foreign manufacturing activities and its potential," the report said. Around 43 per cent of the companies that offshored manufacturing activities to India have not achieved their initial objective due to lack of manufacturing and supply chain infrastructure. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 02/Oct/2007 at 7:58pm
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http://www.businesstimes.com.sg/sub/news/story/0,4574,251111,00.html? - Ambani, Mittal among world's five richest LATEST market-based assessments show that two Indians, Reliance Industries Ltd chairman Mukesh Ambani and steel baron Lakshmi Mittal, rank among the top five rich people in the world.
The recent record-breaking surge in the domestic stock markets has catapulted Mr Ambani's net worth to over US$50 billion. This makes him the first Indian ever and the fourth person in the world to possess wealth beyond this figure. The Reliance chief is now valued next to US software tycoon Bill Gates, Mexican business baron Carlos Slim Helu and Warren Buffett, who is widely seen as the world's wisest investor. Mr Mittal's net worth is a little over US$48 billion based on his holdings in ArcelorMittal, the world's biggest steel maker in terms of revenue, assets and market value. In March last, the Forbes magazine, in its world's richest list, ranked Mr Mittal (US$32 billion) fifth, while Mr Ambani was at 14th rank with US$20 billion. However, since then Mr Mittal's wealth has grown 53 per cent, while Mr Ambani's has risen at an exponential 160 per cent. Mr Ambani recently said that he expects India to emerge as the top global power within the next decade, powered by a young generation. Indeed, the India growth story is not only about the barons and promoters. It is estimated that there are over 100,000 high net-worth Indians with liquid assets of over US$1 million. Their total wealth is predicted to touch US$500 billion by 2010. Close to two million Indian households are estimated to earn more than US$100,000 a year, with this number expected to rise to over seven million soon. There are 36 listed Indian billionaires and the group is growing fast. |
Posted By: us121
Date Posted: 02/Oct/2007 at 8:13pm
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Quotes about India . We owe a lot to the Indians, who taught us how to count, without which no worthwhile scientific discovery could have been made. Albert Einstein. India is the cradle of the human race, the birthplace of human speech, the mother of history, the grandmother of legend and the great grand mother of tradition. Mark Twain. If there is one place on the face of earth where all dreams of living men have found a home from the very earliest days when man began the dream of existence, it is India . French scholar Romain Rolland. India conquered and dominated China culturally for 20 centuries without ever having to send a single soldier across her border. Hu Shih (former Chinese ambassador to USA ) ------------- ABILITY will get u at d top. CHARACTER will retain u at d top |
Posted By: kulman
Date Posted: 05/Oct/2007 at 6:15pm
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http://knowledge.wharton.upenn.edu/india/ -
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http://knowledge.wharton.upenn.edu/india/ - Economic Power, and Nothing Will Stop Us'
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 12/Oct/2007 at 9:00am
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Here's a link to presentations/interviews from currently ongoing http://nlimages.livemint.com/leadsummit.html - HT Leadership Summit. :
Imagine the India that can be ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 23/Oct/2007 at 9:00pm
Fortune magazine carries this interesting article....http://money.cnn.com/magazines/fortune/fortune_archive/2007/10/29/100795475/index.htm - India's firms build global empiresOnce sheltered from overseas competition, Indian companies are now building empires - ramping up exports, making acquisitions in the U.S. and Europe, and attracting billions in foreign capital.------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: omshivaya
Date Posted: 23/Oct/2007 at 12:05pm
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Excellent article Kulman jee, thank you. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: kulman
Date Posted: 24/Oct/2007 at 10:48pm
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http://money.cnn.com/galleries/2007/fortune/0710/gallery.india_portraits.fortune/index.html?globalforum=1 - Portraits of India at work India's 400 million workers are building one of the world's fastest-growing economies. Photographs by Benjamin Lowy for Fortune.
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Some pics from this gallery are really good. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: omshivaya
Date Posted: 24/Oct/2007 at 10:54pm
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Again, nice one Kulman jee. Thank you ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: manishdave
Date Posted: 24/Oct/2007 at 11:47pm
Vajpayee Govt. started similar initiative. To keep politics/politicians away, they gave mandate and money to army. They choose youngsters at local events, check phisical capabilities, got good coaches some even imported. They keep them on army post as long as they stay fit and keep performance. They have started focus with single person events rather than team events. It takes longer time to get system established so lets hope succesive governments don't disturb the structure.
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Posted By: smartcat
Date Posted: 24/Oct/2007 at 12:28pm
Gives a complete economic picture of India in just a few pictures. Nice work. There is an old Indian saying (stolen from the Chinese) -
14 Pictures are worth more than 14,000 words.
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Posted By: kaushalchawla
Date Posted: 24/Oct/2007 at 1:17am
I am happy to see they have included people working at ground level and not managers and executives....They should have shown some small retailer as well.
I am even happier that they did not include Netas and Govt employees rightly. ------------- Warm Regards, Kaushal |
Posted By: kulman
Date Posted: 24/Oct/2007 at 8:20am
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I am even happier that they did not include Netas and Govt employees rightly.
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 the reason photographer didn't click them could be that the theme is India @ WORK.------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: smartcat
Date Posted: 25/Oct/2007 at 12:32pm
And this Fortune article reminds me of Munnabhai MBBS movie -
Circuit: [walking to the Japanese tourist] hey Chilli chicken, you wanna take some photos of an ambulance, its a five-star ambulance?
Japanese tourist: No, i want real india, poor people, hungry people! Circuit: poor hungry people, inside the ambulance. Japanese tourist: Really? okay good! Circuit: Hey Hakka Noodle, youve come in from abroad and you only wanna see naked, hungry people, dont you want to see the taj mahal? Japanese tourist: no no, hungry and poor men! |
Posted By: kulman
Date Posted: 25/Oct/2007 at 7:31pm
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India tells developed nations to stop lecturing The time has come for the developed world to attend to its own problems, and stop lecturing emerging economies about what is right and what is wrong, India's finance minister said on Monday. As growth looks sure to slow in much of the rich world, partly due to the fallout from reckless lending in the US, new economic powerhouses like India say that they are tired of being told what to do. India has been one of the most vocal emerging countries pushing for changes in the IMF to reflect the rising economic strength of the developing world. But his biggest criticism was of financial authorities in developed countries for not keeping up with the new and complex financial market instruments that lay behind recent credit market turmoil. 'Thanks to the present crisis which originated in the advanced economies . . . I think developed economies will listen more to the developing economies' point of view,' Mr Chidambaram said. It also showed that India was right to be cautious about opening up its economy and only proceeding once the correct regulations were in place, he said. 'In the name of innovation, regulators or governments in the advanced economies have fallen behind the curve,' he said. 'The lesson is that the model we have adopted, cautious calibrated opening of the economy, is perhaps the right model. Regulation must stay one step ahead of innovation,' he added http://www.businesstimes.com.sg/sub/news/story/0,4574,253818,00.html - http://www.businesstimes.com.sg/sub/news/story/0,4574,253818,00.html ? ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 26/Oct/2007 at 8:58am
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javascript:cnnVideo%28play,/video/globalforum/#/video/fortune/globalforum/2007/10/26/india.modern.delhi.fortune,%29; - Meet India's new middle class
 New malls are selling western brands, and small shops here worry about the arrival of chains like Wal-Mart. Word has it that Starbucks is set to arrive soon. ( javascript:cnnVideo%28play,/video/globalforum/#/video/fortune/globalforum/2007/10/26/india.modern.delhi.fortune,%29; - more ) javascript:cnnVideo%28play,/video/globalforum/#/video/fortune/globalforum/2007/10/26/india.modern.delhi.fortune,%29;">
Source: Fortune/Cnn Money
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: omshivaya
Date Posted: 30/Oct/2007 at 3:00am
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T wo centuries back, India was known as a ‘bird of gold’.Today,it is fast regaining that status, thanks to its burgeoning consuming class. From consumer durables to cars, laptops, mobile phones, microwaves, cinema tickets, fast food and luxury goods, Indian consumers are lapping up all. And this shopping jamboree is playing catalyst to India’s growth process.
The Indian populace’s tryst with consumerism has been rather interesting. Unlike China, where growth has been investment-led, the growth in India has largely been led by consumption. With the changing economic scenario, it’s not only the rich who are spending more. It’s the great Indian middle class that’s thrown caution to the winds and is on a spending juggernaut. India is currently the twelfth largest consumer market in the world. According to a study by McKinsey Global Institute, India is likely to join the premier league of the world’s consumer markets by 2025, improving its position to the fifth.
The face of changing India is reflected in the growth numbers across sectors such as airlines, hotels, FMCG, automobiles, retail and telecommunications. For instance, passenger car sales have been growing at a steady pace, recording a growth rate of 12.63 per cent during April-July 2007. Similarly, organised retail is growing at rates of over 30 per cent. India’s FMCG sector grew by 22 per cent in 2006, to touch a market-size of over $17.36 billion. It is set to treble from $11.6 billion in 2003 to $33.4 billion in 2015 . On the one hand, the Indian middle class is loosening its purse-strings; on the other, companies are doling out lower priced products, economical tariffs, attractive finance options and other marketing schemes to hook more buyers. For instance, thanks to the influx of low-cost airlines, the number of airline passengers rose by over 18 per cent to 86.8 million in the financial year 2006- 07. Similarly, with the lowering of tariffs, new schemes and the availability of cheaper handsets, the penetration of mobile telephones has increased rapidly. The Indian mobile telephony market is the fastest growing in the world, adding around 5 million subscribers each month. India added 15.5 million mobile subscribers in the first quarter of this year, taking the total to 165.1 million. Urban India’s newfound romance with malls is visible everywhere – from smaller towns to metros. According to the India Retail Report 2007, during 2006, total private consumption touched $488 billion (at current prices) with the organised sector accounting for $13.4 billion business, increasing its share to 4.6 per cent (up from two per cent in 2003) of the total Indian retail value that stood at $293 billion. Moving forward, organised retailing is projected to grow at around 37 per cent in 2007 and 42 per cent in 2008.
Little wonder then that almost all large retailers – such as Pantaloon, Reliance, RPG, Lifestyle, Subhiksha, Rahejas, Piramyd, Trent and the Vishal Group – have big expansion plans. Reliance alone is investing $7.3 billion to set up multiple retail formats with expected sales of around $22 billion by 2009-10.
The Bharti Group plans to invest around $7.7 billion in creating a retail network in the country, including 100 hyper malls and several hundred small stores. It has signed a joint venture agreement with Wal-Mart. Several global luxury brands have also set up shop in India. With the largest population of the young in the world – over 890 million people are below 45 years of age – India is indeed a resplendent market. India has more English-speaking people than in the whole of Europe. And this predominantly young population has proved to the world that Indian manpower is not just low-cost, but also highly skilled and efficient. It is the one force that has taken India to the big league, making it a potential economic powerhouse. As a result of economic growth, household incomes have risen at a fast pace. As per an NCAER study “The Great Indian Middle Class”, in 1995-96, barely three per cent of the population used to earn above $4,877 (Rs. 2 lakh) per annum. In 2002-3, that proportion rose to six per cent (or roughly 60 million people) and today, it is estimated to be around 100 million. By 2010, this number should rise to around 150 million, with roughly 10 million earning over $24,384 (Rs.10 lakh) and more. “India’s continued high growth rate since 2003 represents a structural increase rather than simply a cyclical upturn,” says a recent Global Economics Paper, brought out by Goldman Sachs India. The recent growth spurt was achieved primarily through a surge in productivity and is sustainable. As per this report, India’s contribution to world growth will be “high and increasing.” India’s GDP (in dollar terms) could surpass that of the US before 2050, making it the second largest economy after China, it adds.
The change in consumer mindsets in the post-liberalisation era has been rather drastic. In the pre-liberalisation era, most Indian households saved for a rainy day. Today, the Indian consumer thrives on loans and credit cards. With a job scene that is booming, a host of avenues are open to even college students. Retail chains, BPOs, KPOs, mobile phone companies, data processing firms have all contributed to the job explosion. On the employment front, it is expected that an additional 25 million jobs will be created by the end of this decade as a result of export growth. As the Indian economy grows, so will its ‘consuming’ class. It is estimated that today, 70 million Indians earn a salary of over $19,507 (Rs. 800,000) a year, a figure that is set to rise to 140 million by 2011. With increases in income, the shape of the country’s income pyramid will also change dramatically. “Over 291 million people will move from desperate poverty to a more sustainable life, and India’s middle class will swell by more than ten times from its current size of 50 million to 583 million people by 2025, ”says a recent study ‘Bird of Gold’:
By 2025 over 23 million Indians—more than the population of Australia today— are expected to number among the country’s wealthiest citizens. With rising incomes, aggregate consumption in India is expected to grow four-folds in real terms – from $420.7 billion in 2006 to $1.73 trillion in 2025. India has entered a long-term virtuous cycle in which rising income lead to rising consumption, which in turn creates more business opportunities and employment, thereby further fuelling GDP and income growth. India’s growth is truly unstoppable. Source: http://www.ibef.org/ - http://www.ibef.org/ ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: xbox
Date Posted: 30/Oct/2007 at 7:32am
| India, India & some http://money.cnn.com/video/globalforum/#/video/fortune/globalforum/2007/10/30/globalforum07.fortune - more India. |
Posted By: vip1
Date Posted: 30/Oct/2007 at 10:20am
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India, India & some http://money.cnn.com/video/globalforum/#/video/fortune/globalforum/2007/10/30/globalforum07.fortune - more India.
Some very interesting Videos
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Posted By: omshivaya
Date Posted: 30/Oct/2007 at 10:25am
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Thank you X-box jee, for the post. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: omshivaya
Date Posted: 08/Nov/2007 at 7:23pm
------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
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Posted By: xbox
Date Posted: 13/Nov/2007 at 9:00am
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We are quite used watching phoren guy & girls in Indian advertisements. Last night, I saw Bajaj Allianz advertisement (where one couple get married & enter into their home) here in National TV for local Allianz.
Felt good. ..  ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: tigershark
Date Posted: 14/Nov/2007 at 1:50pm
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xbox just for the record---- no indian bank has yet acheived the size of KOOKMIN BANK i hope you visualise the potential ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 21/Nov/2007 at 10:04pm
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Thirteen Indian firms have been named in a list of 100 fastest-growing small and mid-size companies in Asia, with some emerging on top in terms of sales and capital returns.
According to 'Asia's Hot Growth Companies' list, prepared by US-based financial magazine 'BusinessWeek', India is home to a higher number of such companies than China, whose presence is limited to just eight firms. Besides, India is next only to Taiwan and Japan, which have been represented by 24 and 18 firms respectively. Among the Indian firms, Lakshmi Machine Works is ranked 17th, followed by Kirloskar Brothers (18th) and Godrej Consumer Products (23rd). Other Indian companies named in the list are Marico (40), Colgate-Palmolive India (45), Hexaware Technologies (53), GlaxoSmithkline Pharmaceuticals (60) Panacea Biotec (68), Bajaj Hindustan (72), Motherson Sumi Systems (79), Cummins India (83), I-flex Solutions (93) and Titan Industries (98). Source: http://www.dnaindia.com/report.asp?newsid=1134565 - http://www.dnaindia.com/report.asp?newsid=1134565 --------------------
Who conducts such surveys/studies? Those suit-boot wallah MBAs using quant-based models?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 24/Nov/2007 at 10:18pm
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Maersk India, which operates a port and a container terminal in the country through APM Terminals, is looking at other port projects along India's coast to cash in on growing seaborne trade, a senior official said. Part of Danish shipping and oil group A P Moller-Maersk, the company expects its container operations to grow by 15-18 per cent due to economic growth and trade expansion...
The government's 1 trillion rupee (S$36.5 billion) port infrastructure plan envisages a port every 150 kilometres along India's 7,500 km coastline. Source: http://www.businesstimes.com.sg/sub/news/story/0,4574,257862,00.html - http://www.businesstimes.com.sg/sub/news/story/0,4574,257862,00.html ? ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 25/Nov/2007 at 12:33pm
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Swaminathan S Anklesaria Aiyar's article in Sunday Times is an interesting read.
India is not a high-risk market
Link: http://timesofindia.indiatimes.com/S_A_Aiyar_India_not_a_high-risk_mkt/articleshow/2568156.cms - http://timesofindia.indiatimes.com/S_A_Aiyar_India_not_a_high-risk_mkt/articleshow/2568156.cms
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: smartcat
Date Posted: 26/Nov/2007 at 5:37pm
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Our housemaid quit her job today. She has joined a 'garment factory' where she is being paid Rs. 5,000 per month! Since Gokaldas Exports is only 3 kms from my house, I'm assuming she got the job there. I wonder what's all the fuss about job losses in the textile sector.
It is good to see Indian poor getting better paid jobs. But it is sad that now I have to wash my own clothes.
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Posted By: BubbleVision
Date Posted: 26/Nov/2007 at 6:10pm
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ECB’s Trichet at http://rbi.org.in/Scripts/PublicationsView.aspx?Id=9806 - RBI L K Jha Memorial lecture in Mumbai earlier today……On India Long-term economic outlook The present looks promising for emerging market economies, but the future seems even brighter. The projections for long-term growth, based on demographic trends and models of capital accumulation and productivity, tell us that emerging markets are likely to become even weightier in the world economy tomorrow than they are today. Of course, projections at very distant horizons are somewhat speculative, but they do offer an insight into possible secular developments. In this respect, one study found startling results regarding the growth prospects of emerging markets. India, together with Brazil, Russia and China, could be over half the size of today’s six largest industrialized economies by 2025, and in less than 40 years they could overtake them. Looking ahead to 2050, If history is any guide, these developments are unsurprising. It suffices to recall how significant India’s weight in the world economy was two millennia ago, when the Middle Kingdoms were ruling in ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 26/Nov/2007 at 6:28pm
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More from Trichet http://rbi.org.in/Scripts/PublicationsView.aspx?Id=9806 - L K Jha memorial lecture ….. On Globalization and Together with other emerging markets, Some might think that this is a new phenomenon. It is not.
------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: johnnybravo
Date Posted: 29/Nov/2007 at 1:47pm
http://www.financialexpress.com/news/Services%20may%20see%20tax%20cuts/244517/ - |
Posted By: kulman
Date Posted: 29/Nov/2007 at 6:55pm
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A nice article about some real developments going on in real India outside Television Screens & Trading Terminals....
Rebuilding India
Forget the pot-holed roads and ramshackle airports. India is witnessing a mega boom in infrastructure that looks set to catapult it into a whole new league. More here... http://www.businessworld.in/content/view/3017/3098 - http://www.businessworld.in/content/view/3017/3098
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 03/Dec/2007 at 8:32pm
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Here's an interesting result of a global survey: http://money.cnn.com/2007/12/03/news/international/global_challengers/index.htm?postversion=2007120305 - 10 fast-growing global giants to watch
Excerpts...
BCG studied more than 3,000 companies from 14 developing countries to pick the the top global contenders. Based on the report, CNNMoney.com asked Sirkin to pick a corporate leader and a rising star from each country.
India: Tata Group. The Mumbai-based conglomerate operates more than 90 companies across industries including chemicals, automotive, communications and information technology (IT), consumer products and steel. In 2007, Tata Steel acquired London-based steelmaker Corus Group for more than $12 billion, making it the sixth-largest steel company in the world. The group last year reported revenue of more than $20 billion. "Tata Group has become a major acquirer in recent years," said Sirkin. "When Tata buys a new asset, the management takes an incredible amount of time in getting to know everybody in the new company and absorbing knowledge instead of rapidly integrating it like many Western companies do," Sirkin also likes Larsen & Toubro, ....read more on that here on TED: http://www.theequitydesk.com/forum/forum_posts.asp?TID=322&PID=49611#49611 - http://www.theequitydesk.com/forum/forum_posts.asp?TID=322&PID=49611#49611
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 03/Dec/2007 at 10:52pm
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Larsen and Toubro, Suzlon and Bharat Forge may be names not big enough on the global arena as of now, but they along with domestic giants like Tatas, Birla, Mahindra and Ambanis figure among 100 firms posing an "urgent threat to industry leaders" of the world. According to a new list of 100 New Global Challenger Giants released here today by Boston Consulting Group, India is home to 20 such firms, next only China that accounts for 41. Tata Group alone accounts for one-fourth of Indian participation with five companies -- Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Tea and Videsh Sanchar Nigam Limited (VSNL) -- figuring in the list. Reliance Group, IT giants Infosys, Wipro and Satyam, automakers Bajaj Auto and Mahindra & Mahindra, pharma majors Ranbaxy, Dr Reddy's Labs and Cipla, Aditya Birla group's Hindalco Industries, L&T, Bharat Forge and Crompton Greaves are also on the list. Source: http://economictimes.indiatimes.com/Reliance_Tatas_among_100_global_challengers/articleshow/2592429.cms -
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 06/Dec/2007 at 8:33pm
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India will build roads and bridges worth 166.8 billion rupees ($4.2 billion) to ease the movement of people and goods across Asia's third-largest economy.
India is building airports, marine ports, power plants, roads and bridges as part of a $500 billion infrastructure plan to spur economic growth. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 06/Dec/2007 at 9:06pm
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sanjiv duggal of hablis capital mgmnt asub of hsbc capital tells investors to cash out of india.full article on http://www.bloomberg.com - www.bloomberg.com bottomline he says growth for the next couple of yrs is already priced in he is bearish on banks ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 06/Dec/2007 at 9:10pm
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Yes, Doctor Saab.
We have a summary of that http://www.theequitydesk.com/forum/forum_posts.asp?TID=1289&PN=5 - on TED here.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 08/Dec/2007 at 9:13pm
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http://www.businesstimes.com.sg/sub/news/story/0,4574,259653,00.html? - Record number of new India billionaires
India, powered by a booming stock market, has produced a record number of new billionaires, 168, according to a survey by the Business Standard newspaper. With the new additions, there are 533 billionaires in the country, having a combined wealth of 12.3 trillion rupees (S$450 billion). The top five are worth over 500 billion rupees each.
There are now 48 Indians with wealth above US$1 billion or 40 billion rupees. Mukesh Ambani, chairman of India's biggest non-state company, heads the list. His brother Anil D Ambani is the second richest... Also helping was the rupee, which has risen 12 per cent this year.
There were 46 billionaires created after initial share sales, the newspaper said. Kushal Pal Singh, who heads DLF , India's biggest property developer by value, is the third-richest Indian and one of seven real-estate developers who joined the list after initial share sales. Indian real-estate developers have benefited from a surge in demand and prices. Faster economic growth has attracted domestic and overseas investors and increased spending on offices, factories and shopping malls, which have led to more jobs and increased salaries. Sunil Mittal, chairman Bharti Airtel, is the fourth-richest... Complete article: http://www.businesstimes.com.sg/sub/news/story/0,4574,259653,00.html? - here ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: basant
Date Posted: 08/Dec/2007 at 9:33pm
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if we have a china like boom in our markets the number of billionaires will grow manifold.Many chinese giants were govt. Owed but in India the percentage of privately owed large corporations is larger also the promoter holding is larger here so that also helps. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: omshivaya
Date Posted: 08/Dec/2007 at 1:02am
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Basant sir, I wanna see you on that list someday sonner rather than later, at least in rupee terms. ------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: kulman
Date Posted: 09/Dec/2007 at 2:28pm
Source: http://economictimes.indiatimes.com/Gujarat_top_investment_destination_in_India_Deutsche_Bank/articleshow/2608222.cms - here
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: kulman
Date Posted: 09/Dec/2007 at 8:19am
Going forward....TINA (there is no alternative) factor will play major role countered by dirty politics.
------------- Life can only be understood backwards—but it must be lived forwards |
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Posted By: kulman
Date Posted: 10/Dec/2007 at 4:55pm
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Another said the tax he pays to the government is 'finally being well spent'. Given the Delhi success, at least 12 major cities in India are looking to replicate the mass rapid transit system that has been a neglected subject, in the face of massive urbanisation. At least 35 cities in India have crossed the one-million population mark to justify rapid transport systems - either German monorail or Japanese conventional systems. Metro services are likely to be launched in Ludhiana, Amritsar and Chandigarh, in Punjab. Real estate developer DLF is planning to run its own metro rail in its townships in Bangalore, Hyderabad and Delhi. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 10/Dec/2007 at 8:57pm
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kalindee rail and beml comes to my mind and of course how could i forget larsen ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: xbox
Date Posted: 10/Dec/2007 at 5:02am
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Any resurgence of USA economy is not good news to India, as money flow will reverse/stop/moderate. So I feel FED cut (if any) will not be taken same as it was in September. Currency depreciation is last thing FII wants in any economy. Emerging market will crash on any sign of USA recovery but as long as our GDP growth is intact (hardly dependent upon liquidity flow) we can swim the storm.
------------- Don't bet on pig after all bull & bear in circle. |
Posted By: tigershark
Date Posted: 10/Dec/2007 at 6:35am
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any idea at what pe the dow trades india is at 23times 09 earnings ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: johnnybravo
Date Posted: 10/Dec/2007 at 10:26am
Well said Xbox. But punters in India do not see that far. All people are bothered about is the next 3 months and so any rate cut will cheer Indian mkts. What possibly might happen is in the scenario of US recovery we will stay where we are for a long long time as money supply will become lesser. BTW, Gul Techchandani was of the view that Dollar might not slide further as 95% of the people expect. It might show strength over the next 6 months. Jo kuch bhi ho, yeh Rs-$ equation ne appraisal ka waat laga diya iss saal  |
Posted By: basant
Date Posted: 10/Dec/2007 at 10:31am
We like these candid remarks but I do hope that you would still buy from that Staples future store at Marithalli!!!
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: johnnybravo
Date Posted: 10/Dec/2007 at 10:48am
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basantji, i am sorry, I would have gracefully obliged if Biyani would had opened that staples store by 2005. I stayed in Marathalli for almost 3 years. All I can now do is get some pop-corn from the newly opened Central in Shivajinagar, Pune and also get some much needed gnyan from 'kulman uncle' (I heard he serves free Wine to all his disciples)  |
Posted By: basant
Date Posted: 10/Dec/2007 at 11:01am
He could have given you a winery but you called him what..... uncle!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: BubbleVision
Date Posted: 11/Dec/2007 at 1:39pm
Tigerji….Dow is approximately at the PE of 15 or 16 times 2009 earnings! I expect the PE to dip towards 10 times for Dow by 2011. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: tigershark
Date Posted: 11/Dec/2007 at 2:08pm
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so basically dow is a derating story and emerging mkts a rerated story ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: BubbleVision
Date Posted: 11/Dec/2007 at 2:16pm
Exactly! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: kulman
Date Posted: 11/Dec/2007 at 4:29pm
 Tushar bhai.....main aapko bhai bulaata hoon. Aap muzhe Bade Bhaiyya bol sakte the (Like Amar Singh)!Let's meet at your favourite Central on Univ Road. Couple of other Pune-based TEDdies also have shown interest in get-together.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: johnnybravo
Date Posted: 11/Dec/2007 at 5:02pm
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jo aap samjhlo bhai...u need to understand the underlying respect !! basantji....aapne uncle shabd ka toh literal meaning le liya....uss hisab se toh aap phir 'pitamaha' ho gaye! BTW, kulmanji, meeting @ Central is a nice idea....Any other teddies interested in free Wine???? Sometime back there was a thread on mumbai-pune meet around Diwali - what happened to that? |
Posted By: omshivaya
Date Posted: 11/Dec/2007 at 5:06pm
Neki aur pooch pooch! But alas, am not in Pune now.  You guys go ahead 'n' enjoy, dont over do it however! I shall be there in spirit! Hic! Hic!------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: smartcat
Date Posted: 11/Dec/2007 at 5:13pm
We lost our way, and some of us ended up in Goa.
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Posted By: johnnybravo
Date Posted: 11/Dec/2007 at 5:16pm
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ohh that's the reason, Omji was saying "dont over do it however!" Kya Omji, u could have shared ur Goa experience as well - saab ghar ke hi log hai !! |
Posted By: kulman
Date Posted: 11/Dec/2007 at 5:21pm
ha ha .......drifted in Arabian ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: tigershark
Date Posted: 11/Dec/2007 at 9:08pm
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kulman how many times did you fail in geography? did you finally bribe the teacher to pass. it is arabian sea and not arabian ocean. ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: kulman
Date Posted: 11/Dec/2007 at 9:20pm
Ooops .
My mistake....corrected.
As far as passing exams in school, the guys sitting next to me were brilliant students. ------------- Life can only be understood backwards—but it must be lived forwards |