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The Indian Economy (Page 4)

jagdu IF-Dazzler
jagdu
jagdu

Joined: 05 October 2007
Posts: 3135

Posted: 31 May 2008 at 12:11am | IP Logged
Bon
Your suggestions are well taken and we'll stick to the essentials. Each day we learn a little about the indian economy and it all adds up. The personalities, various companies and industry and change taking place. That should contribute to good reading.

jagdu IF-Dazzler
jagdu
jagdu

Joined: 05 October 2007
Posts: 3135

Posted: 02 June 2008 at 10:36am | IP Logged
India's economy expanded 8.8% in 2008 defying trends abroad. Our CFO M.A. Chidambaram says we can sustain an 8.5% growth this year. The main areas of growth are construction and service industries-hotels, insurance and outsourcing. Manufacturing has slowed in the last 3 months. Inflation is at 8.1%, mostly because of higher crude prices and losses on the rupee. Will India subsidize the fuel market?
jagdu IF-Dazzler
jagdu
jagdu

Joined: 05 October 2007
Posts: 3135

Posted: 02 June 2008 at 10:43am | IP Logged
India's Vedanta Resources purchased Asarco for $2.6 billion, one of it's largest purchases challenging the clout of Latin americans and vying for a peice of the world's minerals. It's CEO Anil Agarwal and family showed sales of $8.2 billion and increased it's shares up by 70%. They produce aluminum(aluminium to Indians), copper, zinc and lead. Vedanta bought Zambia's konkola copper mines in 2004 and have smelting and refining ops in that country. To grow our economy we need more iron ore to fuel the busy steel mills.
jagdu IF-Dazzler
jagdu
jagdu

Joined: 05 October 2007
Posts: 3135

Posted: 02 June 2008 at 3:49pm | IP Logged
Reliance communications is attractive!
If MTN does decide to buy Reliance communications, it will be happy. Anil Ambani will be the largest shareholder between the companies. Whatever happens, the stock price and profits will continue climbing. Reliace communications started late in 2002 and grew to 50 million subscribers and now with profits of 15.3 billion Rs((357 million), 2nd only to Bharti Airtel and both companies have very good PE(price-to-earnigns)ratios. Will MTN bet on a fast rising Reliance?
Investors prefer Bharti to Reliance.
Hosanna Goldie
Hosanna
Hosanna

Joined: 06 February 2007
Posts: 2170

Posted: 03 June 2008 at 9:00am | IP Logged
Oh dear , this thread is indeed mind boggling!
However my little contribution is that it was not Madonna but Sharon Stone who made that remark about the Chinese karma and got booted as Christian Dior's perfume model in China!
girivanam IF-Rockerz
girivanam
girivanam

Joined: 18 November 2006
Posts: 6441

Posted: 03 June 2008 at 9:20am | IP Logged
Thanks Jagdu,

An interesting topic ClapClap. I have very little to say, but am closely following all the details and assimilating Smile.

jagdu IF-Dazzler
jagdu
jagdu

Joined: 05 October 2007
Posts: 3135

Posted: 03 June 2008 at 12:51pm | IP Logged
IPL a huge success:
Formed by BCCI, 8 teams were auctioned for $724million. WSG of Singapore got TV and Promotional rights for $1billion for 10 years, Sony entertainment TV. 200 million were the estimated audience in India, and 10 million overseas. International advertisers flocked, and the tv viewer ratings were 8.2, 4 times the average of soap operas. More women viewers were attracted. IPL players made in 6 weeks what other players were making playing the whole year elsewhere.
priyav IF-Dazzler
priyav
priyav

Joined: 20 March 2006
Posts: 3014

Posted: 03 June 2008 at 4:59pm | IP Logged
thanks for the info jagdu.Keep posting..wud love to read
Yes IPL is a huge success and it ruled the TV for 6 wks, even SRK's new show was very badly defeated.

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