India Morning Report: Portfolio investment highs let India story dominate

As investment flows confirm net positive investments in India on a regular daily basis, making the total for March closer to $3 Bln or close to $150 mln per day (INR 900 Crores) , India and Indonesia keep hopes alive for Global equities and EEM flows remain negative with exits from China, Japan and Korea

Fixed Income Report: India back as flavor of the year

Global sentiment has again turned in favor of India as a leader of the trend of survival led growth, thaat is bleeding the best of developed world markets dry with expectations of QE fuelled growth that are increasinglytemporary growth humps on the chart and trending down like a dampening whale’s breath on each injection of

Services growth pushes composite Growth

By PMI numbers alone Services PMI A full percent ahead at 54.2 and composite HSBC MarkIT PMI reaching a 54.7 high even as india Services input and output inflation kept pace with each other, this bein g the 32nd consecutive positive for New Orders in India at great divergence to global aftershocks except in china whre

Divestment by any other name..

..is still filling state coffers under duress SEBI’s pronouncements allowing “Top 100″ Listed corporates to fulfil conditions of the Listing by ensuring 25% pbulic float euphemised state sponsored filling up of fiscal deficit and much likemedical measures to force ellbeing and welfare of the poor class, the government’s plans fro buybacks from Public Sector Enterprises

India IPO: No retail, no gains

Even as QFIs allocation and direct investment by foreigners become India’s crowning glory, its IPO markets seem to have rutted into a big logjam ahead of action by SEBI to revise regulations for verificaation of IPO mechanics and catching 5 promoters and investment bankers for manipulation. According to Assocham, separately the 26% FDI in Pension

Bollywood, India too expensive to make money from dreams?

Indian Media and Entertainment posted a string of positives though listed bullionaires like Eros and PVR continued to struggle to prove their worth on a perceived high cost base, being measured against some unreasonable expectations. While Ra.One was a blockbuster but fell on being second to Sallu’s antics despite a $17 mln weekend at opening (domestically at

India Infrastructure: Changi gets in

Changi is also a Temasek/GIC investment of the Singapore government that wanted to prioritise its entry into india’s aviation infrastructure projects. Having lost 2 bids ( at least) with tatas in a JV it has finally agreed to buy 26% of GVK’s aviation business. given that GVKPIL itself is only worth $320 mln odd on

Healthcare remains free – 100% FDI

India’s Pharma market is a paltry INR 565 bln currently, Just cardiovasculars and diabetics constituting less than $ 2 bln each across a universe of global MNCs and Indian diaspora supplying generics globally. In a nation of 120 bln people or 25 bln households, 10 bln households of which are below the poverty line, it

Rupee Impact: ECB & FCCB, repayment due 2012/3

From a FC  article of two weeks vintage, it becomes clear that not all the $10 bln FCCB debt holders in India ( FC says $8.5 bln outstanding) including Power sector projects, Kingfisher and the others like GMR Infra will be lost when interest payments and outstanding debt eat into their profits as FCCB / ECB