Invest Now Newsletter
India Brand Equity Foundation CCV December 17, 2012
In This Issue
- Policy / Corporate Briefs
- Conversations on Brand India
- Focus (Infrastructure)
- Focus (Technology)
- Interview
Events of the last fortnight reiterate that India is well positioned to grow in the near future as well as in the long term.

There has been a strong wave of value buying in the private equity (PE) and mergers and acquisitions (M&A) part of the Indian markets, with total value of PE and M&A deals in November 2012 increasing five times to US$ 10.1 billion from US$ 1.9 billion in the same month last year, according to a study by Grant Thornton India.

High growth potential in the Indian market is further substantiated by the fact that Japanese company Hitachi is planning to invest Rs 4,700 crore (US$ 863.80 million) in India to set up new manufacturing plants, acquisitions and strengthen collaboration with Indian companies by fiscal 2015.

Also, Government's renewed focus on reforms has lifted investor sentiments. According to Mr Jan Dehn, Co-head of research, Ashmore Investment Management, India is a very attractive market on a valuation basis, witnessing positive momentum in earnings growth and very attractive price levels.


Aparna Dutt Sharma
CEO
India Brand Equity Foundation

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POLICY / CORPORATE BRIEFS
Private equity and M&A deals in November increases by 5 times to $10.1 billion: Grant Thornton India
Mumbai: The total value of private equity (PE) and mergers and acquisitions (M&A) deals in November 2012 has increased by five times to US$ 10.1 billion from US$ 1.9 billion in the same month last year, according to a study by Grant Thornton India.
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Hitachi to invest Rs 4,700 cr over 3 years to fortify presence
New Delhi: Japanese major Hitachi is planning to invest Rs 4,700 crore (US$ 863.80 million) in India to set up new manufacturing plants, acquisitions and strengthen collaboration with Indian companies by fiscal 2015. "We plan to use India as a base for expanding business into Africa and West Asia," said Mr Hiroaki Nakanishi, President, Hitachi.
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100% FDI Permitted in Power Sector
New Delhi: The Government of India has permitted 100 per cent foreign direct investment (FDI) under the automatic route in the power sector. Accordingly, any foreign power company can enter the power sector through FDI route.
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GVK Hancock, QCoal ink deal for coal transportation
Hyderabad: Hancock Coal Infrastructure Pty Ltd (GVK Hancock) and QCoal have entered into a memorandum of understanding (MoU) to work on coal transportation services for approximately 20 million tonnes a year.
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Kotak Capital in tie-up with Sumitomo for M&A
Mumbai: Kotak Mahindra Capital, the investment banking arm of Kotak Mahindra Bank, has entered into an exclusive strategic alliance with Sumitomo Mitsui Banking Corporation (SMBC) and SMBC Nikko Securities for cross-border merger and acquisition (M&A) advisory services between India and Japan.
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Claris Lifesciences inks JV with Japanese drug maker Otsuka Pharma & Mitsui for Indian market
Ahmedabad: Ahmedabad-based Claris Lifesciences Ltd has entered into a joint venture (JV) agreement with two Japan-based drug makers Otsuka Pharmaceutical and Mitsui & Co Ltd for its injectable business in India and emerging markets.
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India Inc raises $4.29 billion via ECBs, FCCBs
Mumbai: Indian companies raised US$ 4.29 billion, through external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs) in October 2012, to fund modernisation, foreign acquisitions, import of capital goods and onward lending. This is the highest since December 2011.
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India, Ukraine sign 5 pacts to boost ties
New Delhi: India and Ukraine have agreed to form a comprehensive partnership and have identified areas for commercial ties, said Prime Minister Dr Manmohan Singh. The two countries signed five documents during the visit, including an agreement on co-operation in defence.
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CONVERSATIONS ON BRAND INDIA
"The availability of cost-efficient skills and huge potential for growth has transformed India as a preferred destination for outsourcing."

Aparna Dutt Sharma
Chief Executive Officer
India Brand Equity Foundation
IT outsourcing: Taking India to the world

IT outsourcing: Taking India to the world
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FOCUS (INFRASTRUCTURE)
IRDA allows higher flow of insurance funds to infra sector
Mumbai: With the objective of facilitating greater flow of funds to the infrastructure sector, insurance firms have now been allowed to take their exposure to 20 per cent of their total funds in the infrastructure sector as compared to 10 per cent earlier.
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Hyderabad Metro, GIFT City in 'Strategic 100' infra projects
Hyderabad: Hyderabad Metro Rail project has been selected as one of the top 100 strategic global infrastructure projects to be showcased at the forthcoming Global Infrastructure Leadership Forum to be held in New York during February-March, 2013.
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FOCUS (TECHNOLOGY)
US seed fund 500 Startups invests in Bangalore's tech firm ZipDial, closes tenth deal in India
Bengaluru: US-based 500 Startups, a seed fund that began investing in India just over a year ago, has closed its tenth deal in the country, backing technology startup ZipDial. The company has Hindustan Unilever, P&G, Disney and Puma among its clients in India and has also expanded operations to the Caribbean with clients like Pepsi and KFC.
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Allstate to open tech centre in Bangalore
Bengaluru: Allstate Corp, the second largest insurer in the US, inaugurated its first technology and operations centre in Bengaluru on December 12, 2012. With the opening of its India tech centre, Allstate joined the league of the world's largest corporations such as GE, Microsoft, Volvo and Barclays who have technology and R&D centres based in India.
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INTERVIEW
Jan Dehn, co-head of research, Ashmore Investment Management
"The government's renewed focus on reforms supports a broader view that emerging markets tend to get serious about reform once growth begins to wane... This makes India a very attractive market on a valuation basis, given that we are seeing positive momentum in earnings growth and very attractive price levels.

We maintain overweight positions in consumer discretionary and information technology, as these areas should continue to expand on the domestic consumer growth story within India, as well as an increasing share of the supply side to the global growth story (technology)."
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Frederick H Waddell, Chairman and CEO, Northern Trust
"Emerging markets offer growth opportunities... these are economies that still offer long-term growth. For example in our mutual funds index business, our clients have exposure to more than $3 billion in Indian equities.

...Emphasis on India's technology sector, the processing and knowledge opportunities that the Indian economy and educational system provide are potential growth areas. There are opportunities in the retailing sector as more Indians consume. So, I think those are the areas I would look at sectors where Indian economy would show growth potential."
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