Indian Economy-News & Updates

[IndoCarib]

The US closed in on China in the race to be the lead investor in renewable energy, with a 57% leap in its outlays to $51 billion. India however displayed the fastest expansion rate for investment of any large renewables market in the world in 2011, with a 62% increase to $12 billion.


Global Trends in Renewable Energy Investment 2012

http://fs-unep-centre.org/sites/default/files/publications/globaltrendsreport2012_1.pdf

'India enters top 10 wealth markets list'

India is poised to occupy the sixth position in the top 10 wealth markets this year after edging out Spain for 10th slot in 2011, says a report.

'India enters top 10 wealth markets list' - Indian Express

 

[shuttler]

The US closed in on China in the race to be the lead investor in renewable energy, with a 57% leap in its outlays to $51 billion. India however displayed the fastest expansion rate for investment of any large renewables market in the world in 2011, with a 62% increase to $12 billion.


Global Trends in Renewable Energy Investment 2012

http://fs-unep-centre.org/sites/default/files/publications/globaltrendsreport2012_1.pdf

india grows from a small base so the incremental % is high but still lags behind China, US, and Europe. Also renewable energry shares only a small portion of all energy consumptions.

'India enters top 10 wealth markets list'

India is poised to occupy the sixth position in the top 10 wealth markets this year after edging out Spain for 10th slot in 2011, says a report.

'India enters top 10 wealth markets list' - Indian Express

The estimated total wealth of the following indian billionaires is less than $120 billion and if the indian economy crashes, a huge chunk of their wealth (plus others) will be depleted if they are not wise enough to diverse their risks now. even their wealth is not depleted, how much can the wealth of these guys serve to help the indian economy when the deficits swell to 5.9 % of GDP; and their debt level at over 74% of GDP and out of which over $130 billion fall due within one year?

the poor economical performance hits the poor the hardest.

Forbes list of Indian billionaires - Wikipedia, the free encyclopedia

 

[IndoCarib]

india grows from a small base so the incremental % is high but still lags behind China, US, and Europe. Also renewable energry shares only a small portion of all energy consumptions.




The estimated total wealth of the following indian billionaires is less than $120 billion and if the indian economy crashes, a huge chunk of their wealth (plus others) will be depleted if they are not wise enough to diverse their risks now. even their wealth is not depleted, how much can the wealth of these guys serve to help the indian economy when the deficits swell to 5.9 % of GDP; and their debt level at over 74% of GDP and out of which over $130 billion fall due within one year?

the poor economical performance hits the poor the hardest.

Forbes list of Indian billionaires - Wikipedia, the free encyclopedia

China is a just above US and several notches below Europe


I hope Indian billionaires will take your advice .


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Indian auto companies hopes to grow South African motorbike mark

 

[kkacer]

Fitch cuts India rating outlook to negative

Monday, 18 Jun 2012

MUMBAI (Reuters) - Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor's made a similar call, citing risks that India's growth outlook could deteriorate if policymaking and governance don't improve.

"A significant loosening of fiscal policy, which leads to an increase in the gross general government debt/GDP ratio, would result in a downgrade of India's sovereign ratings," Fitch said in a statement on Monday.

The agency estimated general government debt for India of 66 percent of GDP at the end of the most recent fiscal year, compared with a median of 39 percent for BBB-rated countries.

India's economy grew just 5.3 percent in the March quarter, the weakest in nine years, but earlier on Monday the central bank unexpectedly left interest rates on hold, sending bonds, stocks and the rupee lower.

The rupee weakened further to 55.94 per dollar from around 55.82 before the Fitch statement. Bond yields were range-bound, while stocks were already shut for the day.

Fitch maintained its BBB- rating, the lowest investment grade with outlook to negative

Fitch Cuts India Outlook to Negative - WSJ.com

India nflation jumps to 10.36% in May

Jun 18, 2012

NEW DELHI: Vegetable prices recorded the maximum spurt in prices, up 26.59%, followed by edible oils 18.21% and milk products 13.74% in May, year-on-year basis. Prices of egg, fish and meat shot up 10.50%.

Prices of egg, fish and meat shot up 10.50%, while non-alcoholic beverages became costlier 9.44%.

Inflation rates for rural and urban areas were 9.57% and 11.52% respectively in May.

Retail inflation up to 10.36% in May

the inflation of India out of control?!

 

[cloud_9]

Can we limit the frustration from World Affairs Section to that section instead of spilling it over here.


*can we go easy on the bold, coloured and variable sized text.Hurts my freakin eyes*

 

[kkacer]

Can we limit the frustration from World Affairs Section to that section instead of spilling it over here.


*can we go easy on the bold, coloured and variable sized text.Hurts my freakin eyes*

Bad news or good news. I just tell the truth. Don't bury your head into sand. face it

 

[IndoCarib]

Zinnov Management Consulting, a market globalization Advisory firm, today presented a positive & robust outlook on the Indian economy as opposed to the sentiments that are doing rounds in the industry. In a striking contrast to Fitch's recent downgrade of India's credit rating outlook to negative, Zinnov believes this to be a momentary phase and showcased reasons for it to be a promising decade.

India's economic outlook is positive: Zinnov - The Times of India

 

[kkacer]

Zinnov Management Consulting, a market globalization Advisory firm, today presented a positive & robust outlook on the Indian economy as opposed to the sentiments that are doing rounds in the industry. In a striking contrast to Fitch's recent downgrade of India's credit rating outlook to negative, Zinnov believes this to be a momentary phase and showcased reasons for it to be a promising decade.

India's economic outlook is positive: Zinnov - The Times of India

Zinnov Management Consulting is an indian company located in india, indians big mouth themselves again

help```````````````````

web site Zinnov

 

[shuttler]

Rupee falters; record low seen possible
Tue, Jun 19, 2012
Rupee falters; record low seen possible - Reuters -
.
The rupee fell for a second session on Tuesday, hitting a 2-1/2 week low at one point, on the back of strong dollar demand from oil firms, while continued worries about euro zone debt also curbed some of the demand for risk assets.
Traders fear the rupee could make a renewed push to the record low at 56.52 hit against the dollar on May 31, and believe any breach below 56.20 may trigger intervention from the Reserve Bank of India.
Concerns about India's fiscal position and its economic growth outlook have resurfaced after Fitch Ratings on Monday became the second credit agency after Standard & Poor's to cut the sovereign outlook to "negative," while the RBI kept interest rates on hold.
"The dollar-rupee will continue to be range bound with a negative bias for the rupee. We may touch the previous life low of 56.52 per dollar," said Uday Bhatt, a forex dealer with state-run UCO Bank .
The partially convertible rupee closed at 55.95-96 per dollar as per the SBI closing rate, marginally weaker than its Monday's close of 55.9050-9150.
Strong dollar demand from oil firms, the biggest buyers of the currency in domestic markets, pushed the rupee to as low as 56.125 to the dollar, the lowest since June 1, before it regained some ground towards the close of trade.
Traders said earlier losses in the euro added to the downside pressure on the rupee, as they come during a time when renewed worries about India's outlook is eroding some of the mild recovery seen in the rupee that sent it to as high as 54.92 just over a week ago.
Global markets are now keenly awaiting the outcome of the two-day Fed meeting which ends on Wednesday, with some hopes for more monetary stimulus measures in the world's largest economy.
The one-month offshore non-deliverable forward contracts closed at 56.32 while the three-month closed at 57.05.
In the currency futures market, the most-traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange all ended around 56.06 on a total volume of USD 4.08 billion.

Zinnov Management Consulting is an indian company located in india, indians big mouth themselves again

help```````````````````

web site Zinnov

if you're in the financial industry no one will buy this indian crap report for their professional evaluation period

 

[shuttler]

Reliance Communications hits an all time low on bourses
Jun 19, 2012
Reliance Communications hits an all time low on bourses - The Economic Times
.
MUMBAI: The latest report from Veritas on Reliance Communications has spelled more trouble for the Indian telecom operator, which has been struggling to grow revenue since the last two years.

The independent research firm has recommended investors to sell the telco's stock raising questions on its ability to reduce its debt burden and difficulty in selling the company's tower assets.

The stock of Reliance Communications (RCom) hit an all time low of Rs 59.5 during Tuesday's trade on huge trading volumes, which were nearly ten times more than the daily average volume last week. The stock is now available at a discount of 92% to its all time high price of Rs 820.8 on January 9, 2008.

In the current calendar year, RCom has fallen by 42% from its peak of Rs 107 in February. A major reason for the slide is the company's inability to come up with a strategy to improve topline in the last eight quarters. Its revenue stream ahs remained more or less stagnant at around Rs 5,000 crore. In contrast its peers have reported a much better growth. Idea's topline expanded by nearly 60% and Bharti's by 26% (excluding African revenue) in the last two years.

Apart from sluggish business growth, burgeoning debt is another concern. The company had Rs 36,918 crore of debt as of March 31, 2012. Its debt-equity ratio has doubled to 1.2 in FY12 from 0.6 in FY10.

With the Tuesday's slide, RCom's stock is among the cheapest stocks with market capitalisation of more than Rs 10,000 crore. The company's market cap at Rs 12,800 crore represents just over 40% of its equity capital (including shareholder reserves) or net assets of Rs 31,712 crore. This could also make the company a possible candidate for takeover.

The stock closed at Rs 63.55, 2.4% lower on the National Stock Exchange on Tuesday.

 

[Bobby]

Zinnov Management Consulting is an indian company located in india, indians big mouth themselves again

help```````````````````

web site Zinnov

I thought Chinese got big mouth....rest of the thing small....

 

[shuttler]

Stock and Rupee – Will somebody tame the bear?

BankBazaar | Stock and Rupee – Will somebody tame the bear?

India is witnessing a fall all around from the stock market to currency value. The only thing that is showing some strength in the market is Inflation. Even theory of relativity fails when it comes to pulling down the Inflation in India. Crude price has recently shown some weakness as the price of Brent has come down from 124$ to 109$, but the depreciated INR has squared off the benefit of any price easing. With biting inflation, the purchasing power of investors is also diminishing. The falling stock market seems expensive to the investors now. This is a bizarre situation for the stock investors as they can’t stay in cash because inflation will eat the idle money, and if they invest it then the risk of loss is very high.

Due to funding problem in Euro zone, both external commercial borrowing by Indian corporate and trade credit fell significantly in last few months. While this deterioration of the capital account shows the global funding problems, it is being driven even more by investor nervousness about the policy threat in India.


Gloomy Global Prospects

The happenings in the global financial world have shaken the Indian stock market. Euro zone crisis is still searching the solution to the Greek problem. The foreign investors are parking their money in dollars and avoiding position in any other financial instrument to keep the fund safe and intact. This has resulted in a strong dollar against other currencies. The global slowdown has already struck hard on the Indian export companies due to slack international demand. To add to the woes, crude prices have not settled down so much that it could provide some relief from the continuous dollar outgo. The recent industrial production growth of India was minus 3.5% (YoY). It shows the present weakening condition of the economy that is reeling under the problems of inflation, corruption and global economic syndrome and showing no sign of recovery. To make the things worse, India has not shown any step forward to fight back current crisis in anyway. The policy paralysis in Indian economy is hindering reform and making it difficult to solve the issue in an effective way. Prices of all the imported goods are set to rise with fall in the value of INR against the dollar. Electronic goods, foreign travelling, capital goods, and imported car will cost more with depreciated money. The stocks of companies which largely depend on import of capital goods are at risk of finding new bottom. Furthermore, companies which have huge foreign-currency debt will now need to pay more because of depreciated INR so, pressure on such stocks is quite possible in coming days.

What Equity Investor should do?

The currency problem, global economic weakness and crude crisis are issues, which need some time to get resolved. The Equity investors who are waiting for stepping into the market to do some bottom fishing should wait for at least European debacle to take some direction. Indian economy is carefully waiting for a good monsoon in coming months. A decent monsoon can prove to be a trend changer and a bad one can bring havoc in the economy. The investors should enter the market with long term purview and use funds smartly. The current scenario suggests that the market still need to find the bottom. Nifty has already seen a low below 4800 levels during day trade. A new low in coming days will further bring negative sentiment in the market. Bears are getting stronger with a series of fall in last few weeks. In such situation, small investors should stay in liquid while others can use steep fall as an opportunity to pick fundamentally strong shares at a bargained price.

 

[Bobby]

India announces $10 billion for debt-wracked Eurozone - The Times of India

 

[IndoCarib]

Zinnov Management Consulting is an indian company located in india, indians big mouth themselves again

help```````````````````

web site Zinnov

So you claim to know more about Indian economy than a Indian consulting firm ??

 

[lem34]

I wonder when it will hit the bottom