What the FM has to Offer for M&A in Finance Bill 2010 | read this item
M&A deals may see hidden tax agenda which may delay deal closure.
The year 2010 began with feverish activity on the M&A front with several domestic companies announcing deals. However, the Finance Bill 2010 has propositions that might adversely impact the M&A activity, the two key amendments are discussed as under:
Conversion to LLP: Restricted benefit?
Income [...]
India: Next Growth Engine of the world | read this item
Just how fast can India grow? Ask Manal Farooq, who can’t make gloves quickly enough.
“We are facing a major problem,” said Farooq, a senior executive at Marvel Gloves Industries, which produces 3 million pairs of gloves a month, most used in industrial production in India. “Despite importing gloves we are not able to meet demand.”
The [...]
Weekly FII inflows highest in five months | read this item
Foreign institutional investors, or FIIs, purchased Indian stocks worth $1.35 billion (Rs6,213.8 crore) in the last one week, the highest in five months and the best in any week after a Union budget since 2001, as the fiscal consolidation plans outlined in the annual government financial statement boosted sentiments and fears of a Greek debt [...]
India tops Manpower survey on hiring growth in next quarter | read this item
India has topped a survey of 36 countries predicting the job market for April-June 2010 as companies across sectors look to increase their headcount.
The study by human resources firm Manpower Inc. pegs India’s seasonally adjusted net employment outlook for the three months at 39%, or four percentage points higher than for January-March.
The optimism is much [...]
China: Real Estate prices trending | read this item
The real estate prices in China continues to plough up in spite of the best efforts from Chinese central bank to curb lending.
It is reaching a dangerous level one where it is being termed as having the country growth kidnapped by the builder community.
China’s economy has been “kidnapped” by the property industry. It is [...]
India wants to buy more GOLD: A price war in making? | read this item
This is disaster for the bullion banks and the FED. With China and India both in the fray to lap up the remaining Gold from the IMF, I cannot imagine the consequences for the bullion banks.
The Reserve Bank of India (RBI), which has increased its gold holdings to diversify its reserves, looks set to be [...]
India Budget Reactions: Fund Managers | read this item
India needs to review public spending and improve its fiscal position, Finance Minister Pranab Mukherjee said on Friday, presenting the budget for the fiscal year starting April 1. He also unveiled efforts to lift agricultural production in a country where high food prices have helped push broader inflation to what some economists expect could hit 10 percent next month, with a push [...]
Following are five key political risk themes for markets to watch in Asia in the coming week, and the Reuters stories related to them.
HOW WILL THAKSIN’S “REDS” RESPOND TO THAI RULING?
Thailand’s Supreme Court ruled late on Friday in favour of confiscating around $1.4 billion of assets amassed by the family of fugitive former premier Thaksin Shinawatra, some $900 million less [...]
First take on Indian Union Budget: Reining In The Gravy Train
India’s 2010 Union Budget began the process of unwinding the massive accommodative stance
The central fiscal deficit is projected to come down to 5.5% in FY11 from a revised 6.7% in FY10. Even though this was in line with market expectations, the government also laid [...]
India tops Manpower survey on hiring growth in next quarter | 
