tag:blogger.com,1999:blog-88915406513011610092011-08-24T00:17:43.325+05:30riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.comBlogger911100tag:blogger.com,1999:blog-8891540651301161009.post-8987330193073471352010-01-05T10:26:00.002+05:302010-01-05T10:39:30.327+05:30

In this paper, I tried to highlight the hurdles faced by investors in India when they want to invest in wind energy projects specifically in wind mills. I have also suggested how effective regulation may encourage private investment in wind energy.Following are some of the benefits / incentives provided by the Indian government to the investors - 1. 80% Income Tax Accelerated Depreciation80%

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-26614993769811609712009-11-24T22:43:00.003+05:302009-11-24T22:49:05.604+05:30

I had mentioned 2 months back that I my paper on wind energy will be published in a journal and I will post the excerpt on my blog once the paper is published. The paper was published last week however I can only do the needful over the weekend owing to the tight schedule I am running.

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-10140483670132610892009-11-24T22:40:00.002+05:302009-11-24T22:43:32.576+05:30

I was checking some data today when I realized that Baltic dry index increased by over 100% during the last one and a half month. It was 2185 on 29th September and today it was 4507.Is this a result of increasing trade activity owing to enhanced confidence in recovery OR is it because of speculative stock piling fearing dollar depreciation?

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-28032164964395545832009-09-23T23:19:00.002+05:302009-09-23T23:24:48.890+05:30

One of my close friends pointed out that I am less active on blogger these days. Well, this is true but I am working on something exciting.And trust me it is worth :)I was working on a paper on "Improving regulations to encourage renewable energy in India". It has been accepted by a journal and now I am in the process to make some cosmetic changes as asked by the editors.I will put up the summary

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-36483536565685696432009-09-04T10:03:00.002+05:302009-09-04T10:09:20.339+05:30

The link was posted on my institute notice board by Mohit Gupta (Class of 2010).

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-42067845558355670662009-09-03T14:36:00.004+05:302009-09-04T10:03:50.876+05:30

Paul Wilmott says that the link between prices and value has been completely lost. Watch him on CNBC hereEven Paul, probably the foremost quant today, is not willing to take a call on any asset classes being cheap or overvalued. According to me, he is essentially saying that all the talks of recovery does not make sense and we can see more bubbles in near future. He even says that the problems

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-24294779940704232602009-08-28T14:21:00.004+05:302009-08-28T14:35:55.799+05:30

A funny thing happened last week. I bought 3 shares (Yes, only 3 shares) of a company to test an algorithm. I sold off the shares after 2 days.I got the annual report of the company after 3-4 days. This is SEBI's directive that all the shareholders must get the hard copy of the annual report of the company. But going by my experience, I think that all the shareholders holding even 1 share on a

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-85951888797385980572009-08-28T13:18:00.002+05:302009-08-28T14:20:49.353+05:30

I am writing this from my own experience.CIBIL database was created to collect and store an individual's credit history. However there is NO regulation in place which could deem banks to furnish positive details about a client.A few days back, I got a call from a collection agent and he mentioned that I used a credit card way back in 2006 and I am supposed to pay nearly 10 times the transaction

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-28570455013720966372009-08-05T02:12:00.002+05:302009-08-05T02:26:17.185+05:30

Michael Wellman suggests to abolish continuous trading. See "Solving the HFT problem: Abolish continuous trading" and "Countering High-Frequency Trading"Zero hedge analyzes the cost of HFT (Zero Hedge)Steven Pearlstein from Washington Post summarizes the issues (Washington Post)Scott Locklin compares Paul Wilmott, Joe Saluzzi and Chuck Schumer with three stooges (link)Prof. Bernard Donefar's

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-22130084729172818262009-07-31T18:45:00.004+05:302009-07-31T22:59:36.690+05:30

US healthcare costs, rising deficit and President Obama's plans (or lack of plans) are extensively being covered during the last few days. Nobel laureate Paul Krugman wrote an article on his blog titled "Why markets can't cure healthcare". He himself was startled to see over 800 comments on that post. In the first post, he mentioned about a paper from Kenneth Arrow titled "Uncertainty and the

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-77443687456593306402009-07-31T18:23:00.002+05:302009-07-31T18:35:07.817+05:30

Interest rate futures: The next big leap (Financial Express) Japan reports record deflation (FT Alphaville)China: A tale of extreme views (FT Alphaville) U.S. Economy’s Contraction Slowed to 1% Last Quarter (Bloomberg) The 40th Anniversary of Apollo 11(Scientific American) Did an ice age boost human brain size? (New Scientist) Stumbling Over Data: Mistakes Fuel Climate-Warming Skeptics (

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-24203553815677909932009-07-31T16:00:00.003+05:302009-07-31T16:26:26.660+05:30

Last evening I collected some links on high-frequency trading (HFT) and I was amazed to see Economist running a story on HFT in its new edition a few hours later. This is not to suggest that I did something amazing; I was amazed to see that even Economist is covering HFT.The article says that "The basic idea of HFT is to use clever algorithms and super-fast computers"; it however stops short of

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-47055149090609396942009-07-30T19:09:00.003+05:302009-07-30T19:23:10.084+05:30

Economist runs a story "The barbarians are coming, again" (link). The article not only briefs the woes of PE industry off late but also sheds some light on the hopes of recovery as seen by PE players. View points like this"The first area to see an increase in dealmaking is likely to be “roll-ups”, in which firms already backed by private equity will consolidate fragmented industries by buying

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-35834469325988768242009-07-30T19:03:00.003+05:302009-07-30T19:23:39.897+05:30

There has a lot of action on web / blogs related to high-frequency trading and SEC's probe on Goldman's role in market manipulation using the algorithms. Here is a small collection of interesting links from the web How to Understand High Frequency Trading (The Atlantic)High-frequency trading (Marginal Revolution)Hurrying Into the Next Panic? (New York Times)High frequency trading as a liquidity

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-69403941232770289792009-07-29T16:50:00.003+05:302009-07-30T19:40:26.054+05:30

Well, this is the story that is published on FT Alphaville; but I did not include this in the links list because it was just too important to be mentioned and studied separately. The chief executive of Singapore's SWF Temasek has announced that Temasek may allow public investment in the fund for the first time. This may raise several new issues related to investment objectives, transparency and

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-84315877613955479572009-07-29T16:45:00.002+05:302009-07-29T16:49:39.900+05:30

High-frequency trading under scrutiny (FT)Five Firms Hold 80% of Derivatives Risk, Fitch Report Finds (CFO)The Great Preventer (RGE Monitor)Ben Bernanke Got Poorer Last Year, Unless He Got Richer (Business Insider)Why Is Obama's Top Antitrust Cop Gunning for Google? (Wired)Microsoft, Yahoo Said to Be Near Agreement for Web-Search Ads (Bloomberg)Grantham: China Will Collapse (Business Insider)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-81792738343911991092009-07-21T19:01:00.002+05:302009-07-23T16:18:20.015+05:30

Cleantech, Biggest Investment Opportunity of The Century: KPCB's Nazre (VC Circle) HSBC, Deutsche apply credit squeeze (Business Standard) 'Harry Potter' sets new world box-office record (Market Watch) The second inflexion point in finance (Financial Express) Investments in US Treasuries hit record $38.8 b in May (Hindu Business Line)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-25067693214803024972009-07-21T17:58:00.003+05:302009-07-21T18:42:13.441+05:30

I read a post on FT about Stressed out VaR which discussed one of the salient point in the Turner Review - shortcomings of Value at Risk (VaR) and potential of Stressed-out VaR. This prompted me to read the complete Turner Review. The review is accompanied by a discussion paper (Oops ... 219 pages long) which recommends several steps to enhance regulatory standards and supervisory.In addition to

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-48771319423310929792009-07-20T13:05:00.005+05:302009-07-21T17:57:22.270+05:30

This chart below shows sales of HML commercial vehicles (Heavy, medium and light commercial vehicles). The data was collected by me; and the chart and pointers given below were given to me by my friend Ankit.From 2001 onwards, a secular rise at a stable growth rate can be seen Every quarter end, the sales rise. Then next month they drop, pick up somewhat in second month and peak to a new high at

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-23502512274523975692009-07-19T12:38:00.002+05:302009-07-19T13:20:28.147+05:30

The recent edition of Economist runs the cover story What went wrong with economics.The article highlights the sentiments against economics and also tries to defend economics. I am just quoting some of the most striking lines -OF ALL the economic bubbles that have been pricked, few have burst more spectacularly than the reputation of economics itselfIn the public mind an arrogant profession has

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-47339586856532975912009-07-16T09:34:00.003+05:302009-07-16T09:55:39.974+05:30

What is Goldman Sachs (The Big Picture) ? Jim Bianco has analyzed Goldman and has found that it is highly correlated with S&P 500 since 2007. Moreover trading activities accounted for 69% of the record Q2 revenues.Goldman’s blow-out Q2, the media reacts (FT) Goldman’s blow-out Q2, the analysts react (FT) US government to end the era of the unregulated hedge fund (FT)Dear Paul, the greatest

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-47295341434799540262009-07-14T15:37:00.003+05:302009-07-15T11:01:17.652+05:30

According to the latest estimates by leading equity research firms, corporate India may post negative sales and profit in the first quarter ended June 2009. They analyzed 70-130 companies with common sample of about 60 companies. Check this in Business Standard here.Let's see some key points in their reports (I am quoting it verbatim) -CitigroupBanks (34%+) and Cement (23%) lead the pack with

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-73417869658341556672009-07-14T15:28:00.003+05:302009-07-14T15:37:32.891+05:30

Shanghai stock exchange has given highest percentage return in 2009 (nearly 65%) and economists are issuing warnings over a potential bubble build up. China's stimulus package has also shown positive results. The stock indices has reacted strongly to the reasonable GDP growth China has reported however it was more because of domestic consumption.Exports is probably the most important factor

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-57913433257101107412009-07-14T14:50:00.000+05:302009-07-14T15:28:02.584+05:30

Boutique banks win bigger share of M&A fees (FT) China and Russia lead oil deals (FT)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-78519778921943353012009-07-10T19:08:00.002+05:302009-07-10T19:15:35.849+05:30

According to a survey for this quarter's Silicon Valley Venture Capitalist Confidence Index, venture capitalists are expecting a gradual resumption of M&A, investment and initial share float activity in the second half. Those surveyed rated confidence at levels of 1 to 5.The 5-year-old Silicon Valley index, penned by University of San Francisco Associate Professor Mark Cannice, peaked in the

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-55833431039963920872009-07-10T18:31:00.004+05:302009-07-10T19:07:59.133+05:30

I visited Indian School of Business (ISB), Hyderabad and Microsoft - IDC yesterday.In a short visit, the most notable thing I realized was -Importance given to conferences and seminars - ISB is used to organize international conferences and amazingly they are managed by students. True, that conferences and events are organized by students only in all the business schools, what is amazing is that

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-84322402609419594472009-07-10T18:27:00.001+05:302009-07-10T18:30:38.496+05:30

IEA Sees Oil Demand Rising in 2010 After 2-Year Drop (Bloomberg) China’s Exports Slide for Eighth Month as Import Decline Slows (Bloomberg) Russia Cuts Key Rate to 11% in Bid to Spur Lending (Bloomberg) AIG to pay more executive bonuses July 15 (Reuters) "New GM" exits bankruptcy (ET) Multinational companies expand tech R&D in India (ET)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-72170777514318825962009-07-08T13:52:00.001+05:302009-07-08T13:54:41.077+05:30

Some old AIG ads :) (Business Insider)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-56288585866790509732009-07-08T13:36:00.003+05:302009-07-08T13:48:21.073+05:30

Following are some of the PE funds raising capital in India. I may have missed some names and I will try to update this list periodicallyZephyr Peacock UTI Ventures Forum Synergies Renuka Ramnath's (ex MD and CEO of ICICI Venture) new venture Blue River Capital Aditya Birla PE Avigo Capital Tano CapitalCX PartnersAkansa Capital

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-14311628634629704762009-07-08T13:31:00.004+05:302009-07-08T16:38:54.691+05:30

Oil, Gas Market Speculation May Face Restrictions (Bloomberg) Gold Anti Trust Action Committee Urges SEC, CFTC to Probe Goldman Trading Program (Zero Hedge) Google to Challenge Microsoft with Operating System (Bloomberg) PE players banking on sponsor commitments (Business Standard) Taxing LLPs at entity level a dampener for PE, VC companies (Business Standard) and LLP to be taxed like general

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-26909497610889979962009-07-07T09:46:00.002+05:302009-07-07T09:50:54.522+05:30

Following are some of the nice articles / editorials on India's Budget 2009 UPA-II brings back CMP in its Second Avtaar – Swaminathan Anklesaria Aiyar in ETUnion Budget 2009-'10: Pranab executes task entrusted to him with precision – P Ramesh in ET Union Budget 2009-2010 — No tactics to curb fiscal deficit - S. VENKITARAMANAN in Business Line Aam aadmi fobbed off – Rajiv Bhatt in Business Line

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-23445563652188962262009-07-06T12:56:00.003+05:302009-07-06T13:19:28.704+05:30

The budget presented few minutes back was far from market expectations and the market responded by a fall of over 700 points. I blogged last week that there is a possibility of capital market factoring in the budget expectations too early and falling (read here).Some of the notable things missing from the speech given by finance minister Mr. Pranab Mukherjee were -Divestment

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-5109157618107617052009-07-06T11:46:00.002+05:302009-07-06T11:49:22.250+05:30

As if Taibbi, NYSE program trading disclosure and goldman sachs 666 was not enough, Matt Goldstein from Reuters broke a story on Goldman Sach’s program trading group.Read –1. Is A Case Of Quant Trading Sabotage About To Destroy Goldman Sachs? (Zero Hedge) This is indeed a very interesting read and all the links given in the post by Zero Hedge should be read2. Goldman Sach’s trading scandal (

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-77719154918484693762009-07-06T11:44:00.001+05:302009-07-06T11:46:51.501+05:30

India Joins Russia, China in Questioning U.S. Dollar Dominance (Bloomberg) Earnings Drop Worldwide as Job Losses Hurt Consumers (Bloomberg) Private equity deals are ‘not riskier’ (FT) IIFCL loans to infra sector soar in 2008-09 (Business Line) The policy hurdles NBFCs face (Business Line)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-30745415866050210222009-07-02T15:42:00.006+05:302009-07-02T16:15:54.254+05:30

IFC recently published its annual Doing Business report. A summary of India's comparison with other countries on different parameters is given here and in the chart below - Newspapers are running reports on some of the findings of the report. We can see the headlines like "India dropped 6 places to 122 among 181 countries", "Ludhiana is the easiest city to do business in India" OR " Patna is the

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-24965682527979546002009-07-02T10:32:00.002+05:302009-07-02T10:41:31.972+05:30

California government declares fiscal emergency over budget (Reuters)Indian government hikes petrol prices by INR 4, Diesel prices by INR 2 (ET)IMF to issue first ever bonds (ET)A new type of tyre can help to avoid a skid (Economist)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-67436061686886221782009-07-02T09:37:00.002+05:302009-07-02T09:54:54.094+05:30

An interview with Paul Samuelson is published on the web hereSome of his views / quotes on some prominent economists / policy makers are -1. Ben Bernanke and Greg MankiwThe 1980s trained macroeconomics - like Greg Mankiw and Ben Bernanke and so forth - became a very complacent group, very ill adapted to meet with a completely unpredictable and new situation.However Greg was quick to respond to

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-65477251400937221622009-06-30T17:17:00.003+05:302009-06-30T17:45:23.896+05:30

As the UPA government prepares to present its first budget after its landslide victory in the general elections, there is growing expectation in the capital markets, experts and economists that this is going to be the biggest budget ever. Everyone of us will be watching the budget closely because this will clarify the policy and reform stance of the government.Expectations are high in sectors

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-84488760710307046642009-06-30T12:31:00.003+05:302009-06-30T13:32:54.464+05:30

As the market sentiments have improved, various private equity firms have either announced or have started raising funds in India. Investing in a PE fund and becoming limited partners (LP) is still not popular in India primarily owing to PE industry itself in infancy in India.The various problems in raising PE fund in India includes -Ticket size - Relatively high ticket size and initial

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-60033098458839445982009-06-30T12:13:00.005+05:302009-06-30T17:56:32.100+05:30

Government Bails Out General Electric (Jesse’s Café Americain) BIS calls for global financial reforms (FT). Also check the 79th annual report of BIS here especially policy response to the crisis and risk and opportunitiesOf awards and encomiums (The Big Picture) What they don’t teach about cash at Harvard (Times online)UK GDP fall / fail .... biggest ever (FT)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-31549166930208029242009-06-30T11:50:00.003+05:302009-06-30T17:11:40.498+05:30

Last night there was a fascinating laser light show at the Bandra Worli sea link and there was a lot of enthusiasm in the people attending the show. There was a sense of pride as well as hope that some of the traffic woes could be lessened. Check the sea link pictures here.The web is full with facts about the link some of which are quoted below -1. It weighs equivalent to that of 50,000 African

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-91507605694694756492009-06-25T18:19:00.002+05:302009-06-25T18:34:07.923+05:30

It has been a long long time since I last blogged (almost 16 months now). The world has changed forever during this time.From Bear Stearns to Lehmann and ML to AIG to executive compensation ... financial institutions may not remain the same as they were recently (atleast in the short term). US bailouts, UK's and Europe's woes, China's falling exports, Ruble's devaluation have done enough to make

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-81152484359123001272008-02-26T15:35:00.003+05:302008-02-26T15:40:03.295+05:30

I recently read the e-book by Goldman Sachc on BRICs titled 'BRICs and beyond'. This book is a collection of all the reports and articles published by Goldman on BRICs etc. Though I had read some of the articles before but still I was not aware of the book. This probably presents the most comprehensive resource on web about BRICs economies

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-15815423708648116942008-02-26T15:29:00.004+05:302008-02-26T15:41:02.692+05:30

I read an interesting comment made by Mr. Lakshimi Mittal today. He said that one of main reason of smooth and successful merger of Mittal Steel and Arcelor was that both the companies were formed by a collecton of more than 50 companies. The previous experience of the managers of the companies mitigated the fear of merger to such an extent that the combined entity reported a profit before

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-53103911558998959272007-11-02T11:01:00.000+05:302007-11-02T11:16:23.993+05:30

As US Fed chairman Ben Bernanke resorting to "Greenspan Put" again by cutting the rates by 25 basis points, RBI must be worried about more dollar inflows in the country. RBI can say that it has envisaged the Fed rate cut and hence it hiked the CRR by 50 basis points but this will not solve the problem of increasing foreign capital inflow in the country.During the last few months, RBI has tried

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com5tag:blogger.com,1999:blog-8891540651301161009.post-1457316998831378722007-11-02T10:56:00.001+05:302007-11-02T10:59:14.770+05:30

RBI has constituted a working group to lay down a road-map for adoption of a suitable framework for cross-border supervision with overseas regulators. This framework would be consistent with the framework envisaged in the Basel Committee on Banking Supervision (BCBS)

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com2tag:blogger.com,1999:blog-8891540651301161009.post-65917586229669279702007-11-02T10:43:00.000+05:302007-11-02T10:55:32.483+05:30

RBI released mid-year review monetary policy this Tuesday and there were few surprises except the CRR (Cash Reserve Ratio) hike of 50 basis points. This once again underlines the growing liquidity inflow in the country and pressure on RBI to control Rupee/Dollar exchange rate and inflation.This hike has virtually ended any hopes of banks softening the interest rates. Automobile sector, which is

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-9941261082286734172007-10-31T21:16:00.000+05:302007-10-31T21:39:10.302+05:30

As we know, Chinese state owned entities are investing more and more in overseas establishments; 3 more deals have been finalized during 22-30 Oct 2007.It was confirmed on 22 Oct 2007 that Chinese investment bank Citic Securities has brokered a deal with Bear Stearns according to which they will cross-invest in each other in return for equity.After this, Industrial & Commercial Bank of China Ltd

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-49810920230180672832007-10-27T20:56:00.000+05:302007-10-27T21:14:47.500+05:30

I was reading an article about a BPO of a foreign company (US-based Spectrum Global Fund Administration) which was closed owing to rising Ruppe/Dollar exchange rate. Given the rising Rupee/Dollar exchange rate and large dependence of Indian IT/ITES sector on US (especially smaller companies), one can think that they may not sustain their business in long run.This may lead to a wave of mergers and

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-48762602155488800582007-10-27T20:38:00.000+05:302007-10-27T20:56:40.857+05:30

We all know that the announcement by Sebi about banning Participatory Notes (PN) in India resulted in a large bear run on SENSEX (including the largest intra day fall in the history) and Sebi had to relax the earlier norms after a few days.What is compelling is the fact that first Sebi did not think the implications properly in the first place and even misquoted the statement. As Prof. Jayant

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-31662738000387652272007-10-20T13:57:00.000+05:302007-10-20T14:04:10.722+05:30

This is an article written by Ajay Shah on a web portal. In this article the writer argues that the hype over rupee's appreciation is blown out of proportion. It is true that rupee appreciated about 15% in 2007 itself against the dollar but it was because of the reason that dollar lost its value.Going by the US Fed's 'nominal major currencies index,' the USD lost 29.43% during 2002-07. Going by

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-39157474303954952332007-10-18T13:40:00.000+05:302007-10-20T14:05:08.348+05:30

It has been reported again and again that the sovereign wealth funds are increasingly driven by political motives rather than commercial motives. Morgan Stanley did a study recently (“How big could sovereign wealth funds be by 2015?”) and reported that SWFs could turn absolutely massive and rise from the current level of $2.5 trillion to $12 trillion by 2015, with an annual rise of $500 billion.

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-21090142899864569252007-10-18T12:50:00.000+05:302007-10-18T12:57:48.392+05:30

Yerterday, the benchmark Sensex plummeted by about 10 per cent within minutes of opening, forcing a one-hour trading halt for the third time in the history, but recovered smartly following clarifications from the finance minister and SEBI and buying interest from domestic institutions.On late October 16, Securities and Exchange Board of India’s (Sebi’s) announced restricting participatory notes (

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-40460515197158042432007-10-18T12:44:00.000+05:302007-10-18T12:49:44.483+05:30

This is an interesting article written by Akash Prakash in Business Standard. The author points that the Emerging Markets equity asset class trades at a premium to the developed markets (on a trailing PE basis) for only the third time since 1990, and in each of the prior two episodes (1994, 1999) the markets corrected and moved back to a valuation discount. If the past is an indication of the

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-53729372238992666592007-10-18T12:28:00.000+05:302007-10-18T12:41:54.687+05:30

This is an article from financial times which tells that the average consumption in US has not stalled and strong sales figures showed consumers maintained spending habits throughout the third quarter and financial market crisis, albeit at a tepid pace.This will certainly release the pressure from Fed to further cut the interest rates. This is also an indication that the investor confidence may

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-68239116233150753442007-10-18T11:53:00.000+05:302007-10-18T12:09:59.647+05:30

China's trade surplus with Europe increased by $24 billion in September resulting in overall increase of 69 per cent to $185.65bn for the first nine months of the year, surpassing the amount for the whole of 2006. This has further intensified the debate on China's currency regime and the 13-nation Eurozone’s ministers broke new ground this week with a statement that identified the RMB’s level as

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-58328603131916857562007-10-18T11:30:00.000+05:302007-10-18T12:25:05.546+05:30

I recently wrote an article comparing the investment environment in India and Brazil from the point of view of an investor from a developed country. I analyzed the countries on the various parameters like Macroeconomic Environment, Political Environment, Equity Market and Risk Assessment etc.The major findings are as follows:India’s GDP growth has outgrown Brazil’s GDP growth (both in real and

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-63081541602467697002007-10-18T11:22:00.000+05:302007-10-18T11:28:01.204+05:30

In a recent article published in Business Line, Mr. M.Y. Khan (Chairman of the Inter-Connected Stock Exchange of India Ltd.) analyzed the currency and gold revaluation account (CGRA) and contingency reserves (CR) of RBI. CGRA is used to meet the fluctuations in foreign exchange assets and the price of gold; CR enables the RBI to absorb unexpected and unforeseen contingencies.Both these accounts

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-16464387015034536742007-10-18T11:14:00.000+05:302007-10-18T12:25:57.008+05:30

The Mahindra group has announced that they are entering in organized retail business. They will enter the market through Mahindra Intertrade, a fully owned subsidiary. The retail foray would be named "Mahindra Retail" and they intend to open multi-format lifestyle stores across the country.

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-75478019043028201722007-10-18T11:07:00.000+05:302007-10-18T12:24:56.085+05:30

on 8th October, the EU finance ministers warned the banks and other financial institutions that they cannot expect to be bailed out by public funds if they are plunged into crisis by the credit crunch. Their underlying motive was clear that the institutions should not expect the authorities to bail them out using the public money. However historically we have seen that the authorities did

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-36984527098202640752007-10-18T10:49:00.001+05:302007-10-18T12:26:03.357+05:30

Future Group (owner of Pantaloon, Big Bazaar, Food Bazaar etc) recently announced to enter in marriage services sector. This is indeed an untapped sector which may provide attractive returns. During the preparation of marriage, people can be seen running from one destination to another searching for the required goods, clothing, jewelery etc. If all the basic stuff can be provided at a single

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-13501166976095269182007-10-18T10:28:00.000+05:302007-10-18T10:48:18.335+05:30

In a recent article by an economist of an Indian bank, it was argued that Indian stock/debt market are fragmented and we need to streamline the whole process. It is argued that "India needs to drastically prune the number of listed companies to ensure that only companies with traded stocks, reasonable volumes and better price discovery remain, while providing other platforms for smaller companies

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-1938826824469550882007-10-18T10:20:00.000+05:302007-10-18T12:24:49.402+05:30

At a time when reports of losses from sub-prime crisis are increasing, global stock markets are on a rise. This has given a sense of complacency to the investors and may be the policy makers. C. P. Chandrasekhar and Jayati Ghosh recently analyzed the global GDP trends during the last 50 years and the statistical data reveals that the world

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-68050664581488508532007-09-30T02:32:00.000+05:302007-09-30T02:44:43.172+05:30

In the recently released report "World Investment Prospects to 2011" by Economist Intelligence Unit (EIU) and Columbia Program on International Investment (CPII), it has been clearly mentioned that India has not realized its true FDI potential despite attracting massive FDI inflow.The report says that India may not achieve its current FDI target of USD25 billion in 2007-08 owing to political

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-86422804108535346552007-09-24T18:38:00.000+05:302007-09-24T18:43:29.884+05:30

As New York Times dropped charges for its premium section of website, Mr. Rupert Murdoch has reiterated that annual subscription fee of $99 for Wall Street Journal online may be scraped completely.This may not only mark the start of a new media war but will also benefit thousands of users who want to access the contents and opinions of some of the most influential economists and columnists.

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-16216445910701673252007-09-21T15:18:00.000+05:302007-09-24T18:38:46.370+05:30

This week is probably the most action packed week in recent times.Led by the US Fed reduction of rate by 50 basis points, stocks markets around the world rose. India's benchmark index SENSEX breached 16000 for the first time in its history and rupee-dollar exchange rate dropped to less than 40 Rs/dollar in more than 9 years. And ofcourse inflation drops to a 107 week low to 3.32% although owing

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-22311063848641666262007-09-20T01:12:00.000+05:302007-09-20T01:24:06.596+05:30

I read an article in The Hindu Business line - Derivative Entrants notch up quick gainsThe article tells that as National Stock Exchange (NSE), India, announces the stocks to be introduced to derivatives trading through a circular, most of the companies' stocks appreciated till the time the actual derivative trading starts.During the last one year about 50% of the companies who filed for

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-67090038545739417462007-09-20T00:59:00.000+05:302007-10-18T12:21:22.992+05:30

Last week, Ram Venkatachalam and Shanmuganathan N. compared four theories for predicting timing of peak oil, in Business Line - Peak oil: Facts converge with theoryThe results are highly surprising in the sense that the four theories used different methodologies but all eventually concluded that the oil peak will be between 2005-2010. The

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-18949355021286457922007-09-20T00:47:00.000+05:302007-10-18T12:21:12.551+05:30

RBI has recently instructed the Indian banks to incorporate legal and brand risks in their overall risk assessment and hence should set aside more capital to factor in such risks on the lines of what their counterparts in other markets have done.Given that a majority of banks are in the process of implementing Basel-II norms, and struggling to finalize their policies, it adds more burden on them.

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-21192512272969877072007-09-19T23:30:00.000+05:302007-10-18T12:21:03.970+05:30

In the recent edition of Macroscan - What explains the high GDP growth?, C. P. Chandrasekhar and Jayati Ghosh analyzed the main contributing factors for high GDP growth in India. They have opined that the major contributing factor was the free capital inflow in the country and adverse global conditions can adversely affect the GDP growth.They have based their argument on the investments in

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-62912393774577868102007-09-03T01:48:00.000+05:302007-10-18T12:23:25.627+05:30

I wrote an article a few months back about divergence of lending and deposit rates in the scheduled commercial banks in India and the situation where lending rate softening will increase the domestic consumption and keeping the spread intact will attract foreign capital.This article is a logical extension to the previous article because the excessive foreign capital led to inflation in domestic

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-81749925507111640392007-09-03T01:37:00.000+05:302007-10-18T12:19:16.208+05:30

With the US sub-prime crisis, the leading credit rating agencies namely S&P and Moody's are increasingly under scanner for their credibility and methods.Basel-II accord is all set to roll out by next year in most western countries. The accord is supposed to reflect credit-quality gradation or asset quality deterioration of a security, loan etc. Noteworthy point is that the accord depends heavily

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-6932343759710166982007-09-03T01:30:00.000+05:302007-09-03T01:37:20.222+05:30

At a time when Indian economy is seeing unprecedented growth and new hopes are raised every day, infrastructure growth slowed down in June to 5.3% compared to 7.7 per cent growth in output in June 2006.The six infrastructure industries namely -CementCoalCrude PetroleumElectricityFinished SteelPetroleum Refinery Productshad registered 8.7 % y-o-y growth in output in May 2007. The growth of these

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-91058837071810995842007-09-03T01:22:00.000+05:302007-09-03T01:30:16.671+05:30

This is a recent article written by me on Global Virtual Teams and the ways to establish trust, confidence and communication in the team.Introduction Last decade has seen rapid penetration of Internet, and innovation led development in long distance communication technologies. This not only has reduced the geographical restrictions in personal and professional life of a person but has enabled

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-59373445551854526312007-09-03T01:17:00.000+05:302007-10-18T12:18:46.659+05:30

I read an interesting article in Hindu Business Line a few days ago which suggests that the dollar may continue to reign supreme as a safe haven asset against the popular predictions that imbalances in the US economy would trigger a massive dollar collapse which, in turn, would spark off a global crisis.Following is the article titled Dollar still key safe haven asset For long, the US dollar (and

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com2tag:blogger.com,1999:blog-8891540651301161009.post-20852133176950444232007-07-31T12:47:00.000+05:302007-10-18T12:17:36.945+05:30

Indian Rupee has appreciated against US$ by about 15% during the last 4 months. Indian IT industry is predominantly export oriented and obviously the margins of IT exporters were affected. What is questionable is-1. Why did the CFOs and other financial experts of these companies did not take adequate risk mitigation measures?2. Dollar was falling against all major currencies, then why they did

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-31404348799531452992007-07-31T12:34:00.000+05:302007-10-18T12:17:19.623+05:30

In Hindu Business Line (dated - July 27 2007) there is an editorial about the collapse of dollar during the last 5 years. Though the data confirms to the fact dollar has depreciated against almost all the major currencies and commodities during the last 5 years, I don't understand why author has played down the valuation of Chinese Yuan. It is highly debatable whether Chinese Yuan is undervalued

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com1tag:blogger.com,1999:blog-8891540651301161009.post-85575524487326553402007-07-31T12:20:00.000+05:302007-10-18T12:17:08.822+05:30

During the last 5 years, Indian benchmark index SENSEX has grown by about 350% however there are a couple of indices that have outperformed the benchmark as well as the highly celebrated IT sector. In order to compare the relative performance of different indices in India, I chose 4 indices.SENSEX - Benchmark indexBSE-IT - It comprises all the IT stocks and private companies dominate in this

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-74302528598880755822007-07-30T03:13:00.001+05:302007-07-31T12:19:53.298+05:30

Indian stock market has grown by about 350%-400% during the last 4 years. Apart from the investors, brokerage houses have also benefited immensely with the Bull Run that India saw. The valuations of brokerages have increased and now foreign financial institutions and banks are looking at this business. There are about 1200 registered brokers with the Bombay Stock Exchange (BSE). The leading

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-91831043543888320692007-07-19T02:58:00.000+05:302007-10-18T12:17:00.790+05:30

In yesterday's Economic Times, Swaminathan Aiyar has raised concerns about miscellaneous category in invisibles section of net dollar inflows in RBI data. The amount in this entry is to the tunes of US $ 20 billion and was about US $10 billion last year. The explanation given by RBI is not satisfactory and has raised concerns about the growing "black economy" in India.The $23 bn black box in

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-86611583256354745342007-07-15T10:32:00.000+05:302007-07-15T10:43:50.423+05:30

This is just an idea and particularly important for industries that face high employee attrition and rising employee remuneration every year.It has been observed that people having same kind of economic background, social circle and career profile take similar types of decisions in their career. If we can identify the different parameters that contribute to employee attrition then a regression

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-48730489884666979952007-07-13T12:47:00.000+05:302007-07-13T13:35:18.265+05:30

SEC released the results of Penny quoting Pilot program 2 weeks back. In this program, exchanges quote option prices in pennies instead of nickels and dimes. The findings were not starking different from stocks where penny quoting was introduced in 2001Penny pricing was allowed in 13 options. The major conclusions drawn by the exchanges are –Average quote spread has tightened for the 13

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-70633612648724060432007-06-30T22:09:00.000+05:302007-10-18T12:14:45.932+05:30

An interesting article on Sovereign Wealth Fundfrom financial times

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-56696377314737670372007-06-30T21:10:00.000+05:302007-10-18T12:14:33.212+05:30

About 10 days back, I wrote a blog about Dubai's DGCX launching futures contracts on Indian rupees and questioned whether RBI will take note of it. It seems that indeed RBI is serious about the move by DGCX.In today's Economic Times, the headline news read that "Individuals may hedge dollar spends"The article says that Reserve Bank of India (RBI) has set up an internal working group to examine

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-62050270336489479882007-06-30T21:05:00.000+05:302007-06-30T21:10:16.878+05:30

As the Indian IT/ITES industry exports crossed $30b mark in 2006-07 and Indian companies grabbing some big outsourcing deals, Industry experts were bound to ask, what next?Indian IT/ITES industry has registered a CAGR of 25% during the last 10 years and with export CAGR of 35%, the industry increased its contribution in GDP from a mere c.1% to c.5% in 10 years. NASSCOM, Indian interface to

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-29735486787397229142007-06-20T23:41:00.000+05:302007-10-18T12:14:04.037+05:30

Dubai’s Gold and Commodity Exchange (DGCX) launched futures contract on Indian rupees and the volume crossed 23 million rupees on the second day itself. This is not surprising considering the strengthening of rupee against dollar by more than 13% in a year and possible volatility in rupee dollar exchange rate. Currency futures are required by FIIs to hedge their risks against an appreciating

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-27745472547013138282007-05-25T11:51:00.000+05:302007-05-25T11:55:51.750+05:30

In today’s newspaper there is news that some government guaranteed bonds of ITI limited (the state-owned telecom equipment major), that enjoyed highest safety rating, have been downgraded to “default” rating.http://timesofindia.indiatimes.com/Business/India_Business/ITI_defaults_on_debts_issued_bonds_downgraded/articleshow/2072793.cmshttp://www.thehindubusinessline.com/2007/05/25/stories/

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-58978862966540928292007-05-25T11:23:00.000+05:302007-10-18T12:12:57.629+05:30

As China has announced to but a 9.9% stake for $3 bn in Blackstone group, there are mix reactions from politicians and economists. Blackstone is the second largest private equity firm in the world and arguably private equity firms are known to be the most capitalist entities whereas China is known for its communist policies and sentiments. One of the most striking and least acknowledged facts is

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-77706600414374834022007-05-23T11:44:00.000+05:302007-10-18T12:12:33.550+05:30

Over the last 10 years, spread of commercial bank (including State Bank of India) deposit rates and lending rates in India has increased approximately by 175 basis pointsThe spread was 225 basis points in 1997-98 which increased to 525 basis points in 2002-03 and 2003-04 to 400 basis points in 2006-07.Source-RBINotable point is that deposit rates are for more than 5 yr deposits which offer higher

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-49165748030229961442007-02-28T01:39:00.000+05:302007-10-18T12:11:21.192+05:30

The Indian economy is characterized with a breakneck growth, leading outsourcing industry in the world and hundreds of millions of potential consumers demanding more comfort and class. The growth seen in the past 3-4 years is unprecedented and reason of envy for many countries. But now, after three years of near double-digit growth, signs of a potentially dangerous inflationary spiral are

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0tag:blogger.com,1999:blog-8891540651301161009.post-27595727285142447532007-02-15T00:19:00.000+05:302007-03-30T21:08:45.151+05:30

One of the largest business conglomerates of India, Tata Group, is all set to start the production of its awaited Rs 1 lakh car in India. The prospect of owing a car at just Rs. 1 lakh is exciting for the burgeoning middle class which has discovered a penchant for individual mobility. The prospects of low cost car market has not only opened up a new segment but has also laid the foundation of a

riteshagarwalhttp://www.blogger.com/profile/13770617481022105535noreply@blogger.com0