The Indian Economy - Page 13

jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

The cause

RBI hikes rates at which banks borrow funds from it/repurchase rate:

Now the highest level in 7 years, 3rd time in 2 months by .5% to 9%, cash reserve ration by .25% to 9%.

The Indian economy will grow from 7-7.5%, 9 in 2007 and 9.6 in 2006. This is down from 8-8.5%, and RBI says 8%. The wholesale price inflation rose to an annual rate under 12%, a 13 year high. The Indian economy will pass the interest rate rises to it's consumers. ** **

...and the effect

The Indian economy is down 32% on the year after rallying up 47% in 2007. In just one day the economy shed 3.9%. HFDC, ICICI, DLF, Maruti Suzuki, Tata motors, Reliance Infrastructure, Ranbaxy labs lost profits and fell.Banks, Real estate, automobiles, capital goods companies on concerns about orders declined.

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jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

End of free trade?

Do nations want to carve their protected niches or expand global trade and prosperity? Kamal Nath preened as a third world hero refused to open India's to farm imports insisting on a special safeguard mechanism that would have let the countries jack up their tariffs if imports rose too rapidly. He claimed that this would protect the livelihood of millions of farmers in India. The rise of India's middle class has coincided precisely with the move of millions from the countryside to the cities, as well as Indias growing engagement with the world economy. More Indians will stay poorer longer because of his obstinence.** ** **

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jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

Reliance Profit rises 24%

Average revenue per user and minutes of usage fell for R.Com though the net profit went up to 15.2 billion Rs. from Rs 12.2b a year earlier helped by addition of subscribers and foreign exchange gains. India's 2nd largest telecommunicaitons co. 's revenue rose 24% to 53.22 billion Rs. from 43.04 b by adding 5 million subscribers this quarter, rising to 53 million mobile phone users. The results were above 4th qtr. net profit of 15.03b Rs., with a revenue of 53.11b Rs.

The rupee has weakened more than 7% against the $ this quarter.

Avg. Revenue per user fell to Rs 282 for 317 in January, and 375 last year. Minutes also fell to 424 from 430 last quarter, and from 510 last year.

Revenue from Reliance wireless business, which makes up more than 77% of overall revenue, fell To 41.9 b Rs. from 41.61 b. last year.

Bharti airtel, India's largest mobile operator oisted a 34% rise in net profit to 20.25b Rs. on a revenue of 84.83 b. Rs.

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jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

Mittals, Indian players involve in Bulgarian steel. Picture this: Pramod Mittal is an Indian steel enterprenuer and controlling shareholder of struggling steel plant Krekikovtzi. Laxmi Mittal is Promod Mittal's brother and controlling shareholder of ArcelorMittal, the largest steel firm of the world which wants to acquire Kremikovtzi plant after bankruptcy. Funds were used to repay debts including to Pramod Mittal. Pramod's group is much smaller than the huge steel empire controlled by older brother Laxmi Mittal. Pramod has hired controversial figures to stop the bleeding at Bulgarian steel. Asset sales of Bulgarian steel were authorized by the company's supervisory board, of which Pramod Mittal is chairman.

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jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

Spicejet gets $100 million

Vijay Mallya said that airlines in India never go down. Even if they go down, they do not go out, some foreign investor comes and dumps money on airlines. Spicjet has been the latest beneficiary.

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168989

Inactive

Posted: 15 years ago

Thanx jagdu 4 the infos...............keep going buddy

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jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

Vornado Reliance tie-up

India's conglomerate Reliance struck a joint venture with Vornado to spend $500nillion, , $250 million each, building and operating shopping centers spanning 500000-1 million square feet. India, with it's burgeoning middle and upper classes, represents a tantalizing foreign market with a population of 1.1 billion and generates retail sales of $350 billion annualy, dollors that will double in the next 7 years.

Mom and pop stores account for more than 90% of sales barring foreign retailers selling multiple brands operatiing stoers from India who will eventually ease restriction of foreign operated stores. Eg. Bharati enterprises has struck a joint venture with Walmart to handle back end logistics and IT. Nike can operate in India, but can own no more than 51% of their operations.

17 million square feet of malls will be built in 8 major cities in India. Reliance is Indias largest private co. with annual revenue of more than $34 billion, operates more than 700 stores and has ops in oil, gas, petrochemicals and textiles among other business.

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jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

Snippets today:

India has recently embraced capitalism. They're now competitors but also potential consumers, whose buying power world firms should tap into. For those with retirement either a short or long way down the road, India is where a great investment future lies.

Cisco: Chambers Says Still Sees LT Growth. Orders: India over 20%;

The High Price of Farm Productivity . FOOD PRICES HAVE BEEN RISING SHARPLY. Corn, wheat, and soybeans have all more than doubled in the past year. During the green revolution from 1965 through 1970, India responded by doubled their wheat harvests. Will it happen again?

If one had two extra cars to add to each train, Indian ridership would leap. That's music to the ears of many train car builders in the world .Eg. Bombardier. In the first quarter of this year, rail and related businesses accounted for half the company's revenue and was up 40% from a year earlier, thanks to sizable orders from India.

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kalki

@kalki2007

IF-Dazzler

Posted: 15 years ago

so the Real Estate is going to be high in India. it is a good slap for US if the Asian countries going to be economically wealthy

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jagdu

@jagdu

IF-Dazzler

Posted: 15 years ago

Change Nano to No-No?

Whenever Ratan Tata, India's tata conglomerate talks, it is such a pleasure. India's biggest auto maker by sales will relocate a project to produce the $2500 or 1 lakh Rs. car probably. The 623 cubic centimeter rear engined car would be a coup for Indian auto manufacturing. Tata is tired of regular protests, break-ins and even attacks on employees.

He's invested Rs. 15 billion($345 million-yaar humko ek million $ usme se de do)yet threatens to move, concerned about not being wanted, where people are suspicious of their motives. No plan B to produce it anywhere else but Singur, having acquired Jaguar and Land Rover from Ford for $2.3billion.

W. Bengal used to be a center for heavy engineering in the past, but disappeared from the industrial scene per Tata. To move is goint to be at a great cost to the co. and shareholders. It is also going to be at a great cost to W.Bengal, for how many times will people invest Rs. 15 billion on the state?

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