Ahead of quarterly earnings, Rumit Dugar, Analyst, IT, Telecom & Media, Religare Capital Markets, says wage hikes and currency appreciation may hurt Wipro's results.» Read More
McDonald’s, the US-based hamburger chain, is to open its first ever vegetarian-only outlets in two Indian pilgrimage centers as it seeks to expand in a market where cows are sacred and beef-eating taboo.
“The risk-return reward of investing in emerging markets works very much in your favor as opposed to investing in some of the U.S. stocks that have gone up spectacularly well this year,” one pro says.
Gross domestic product (GDP) growth in India picked up pace in the April-June quarter helped by a rise in construction output, prompting economists to say the worst might just be over for Asia’s third largest economy struggling to return to the days of 8-9 percent growth rates.
India’s gross domestic product (GDP) report is due out Friday and economists are not expecting any dramatic turnaround in Asia’s third largest economy. The consensus is that growth in the April to June quarter was likely a repeat of the previous quarter’s lackluster 5.3 percent - but investors are shrugging it off.
James Rickards, Senior MD at Tangent Capital expects a war against Iran, but not before the U.S. elections.
Daniel Hui, Head of EM Asia FX Strategy, J. P. Morgan says the absence of more monetary efforts from both the Fed and ECB have limited upside potential of EUR/USD. He thinks it's which central bank will influence the currency more.
Adrian Mowat, Chief Asia and Emerging Markets Equity Strategist at JP Morgan Securities says among the BRICS, the only market he is overweight is India.
So far this year, the Bombay Sensex is up nearly 15 percent and is outperforming the S&P 500. Geoffrey Dennis, global emerging markets strategist at Citi, offers insight.
Long known as India’s software hub and a magnet for information technology (IT) jobs, Bangalore is facing challenges as other Indian cities compete for IT investment and the nation’s economy struggles with slowdown and graft. The Christian Science Monitor reports.
Glenn Levine, Senior Economist, Moody's Analytics (Australia) says that India's growth numbers will likely remain weak and that the a combination of factors would lead the RBI to lay the ground work for more easing in the coming months.
According to the U.S. government’s Energy Information Agency, “In 2009, India was the fourth largest energy consumer in the world, after the United States, China, and Russia. Despite a slowing global economy, India's energy demand continues to rise. As vehicle ownership expands, petroleum demand in the transport sector is expected to grow in the coming years. While India's domestic energy resource base is substantial, the country relies on imports for a considerable amount of its energy use. According to the International Energy Agency, hydrocarbons account for the majority of India's energy use.”
Greater spending from the burgeoning emerging market middle class is one of those themes global and emerging market investors have clung to as developed market consumers and governments deleverage. But there’s a growing risk emerging market consumers could start pulling back as industrial commodity prices fall and higher food prices lighten consumers’ wallets.
S&P's warning to strip India of its investment grade rating has raised investor concerns. But as CNBC's Lisa Oake finds out, India has one strength that could trump all short term growth concerns.
Vineet Nayar, CEO of HCL Technologies says India has a great opportunity to re-think the kinds of leaders they want to elect to resolve the multiple crises the country currently faces.
Aadil Ebrahim, Managing Director, Bowen Asia says India is a stock picker's market rather than one suited for macro-oriented investors.
Viktor Shvets, MD & Head of Thematic Equity Research, Credit Suisse says that India consumes too much and invests too little and that's why the country has a huge fiscal and current account deficit.
Ashishkumar Chauhan, Interim CEO of BSE India says his company is in the midst of reinventing itself. He adds that the company is hoping to list in 8 to 12 months.
Montek Singh Ahluwalia, deputy chairman of India's planning commission, told CNBC that in the next few months Indian policy makers need to demonstrate that identifiable problems will be taken care of.
India has been in the headlines for all the wrong reasons lately - erratic policy, massive power failures and the risk of becoming the first BRIC country to lose its investment grade status. But is it wise of investors to ignore about 6 percent growth in an era where many economies are struggling to stay out of recession?
Mahendra Negi, CFO & COO at Trend Micro says people are betting long term on India and he sees more investment coming into the country.