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  The Indian Nifty travels | Advantage zyaada NSE has come a long way in the last 15 years of its existence. With the NSE Nifty 50 trading in Chicago from mid July this year, India’s MSCI weight and its share in global ETF holdings may even double in the next 2-3 years, Watch out for the post on india.advantages.us Also the newly [...]

  2 months on
  The investment blog
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  India’s extant FDI policy – Freeing Media | Advantage zyaada After recommendations on retail and defence sectors, the regulators bit the bullet on the meda and entetainment sectors. TRAI stayed clear of upping the FDI sectoral limits for News and Current Affair channels or local cable operators. If this new dispensation is approved in 2010, the first complex case is already here, Reliance ADAG will [...]

  2 months on
  The investment blog
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  The $12bn Infrastructure Corridor | Power Grid Corpn India’s peak usage of around 90 GW, apart from the gap of another 60 GW from 2011, is catered by 45% thermal capacity and other plants excl co-generation. As available resources dictate location of the plant and distances are great, many problems of capacity can be solved by a more efficient grid with two important [...]

  2 months on
  The investment blog
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  Sarbannes Oxley is still valid | US Supreme Court ruling While the Financial reform law was seemingly beaten to the post by a filibuster threat in the early hours today, The 2002 corporate governance law, commonly referred to as Sarbannes Oxley Act, was upheld by a Supreme Court judgment allaying fears that the voluminous documentation of internal controls required by the law would result in [...]

  2 months on
  The investment blog
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  A plethora of issues in IFRS implementation | Advantage zyaada I am beginning to like The Firm on Moneycontrol and CNBC TV18. The Saturday brunch program is perfectly suited to host the audit accounting and legal Champions from KPMG, E&Y and Amarchand Mangaldas Shroff. They presented a very incisive discussion on Private company valuations for PE investments and other FDI policy issues in May. In [...]

  2 months on
  The investment blog
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  GMR Infrastructure: Matching India stride for stride | Advantage ‘zyaada’ Part – II The new DIAL Terminal (T3)   You must have read it by now in the major papers and yes that mandatory photo essay on TOI/Rediff. India’s very first Airport terminal of global standards costing a mere $3 billion is finally online, inaugurated this weekend in Delhi. Though DIAL managed t o give [...]

  2 months on
  The investment blog
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  The brilliant recovery in Oil | Advantage ‘zyaada’ This is an INDIA specific analysis in that though global trends affected may also be analysed, the document analyses the base policy and market structure changes in India fueled by the reform mechanism. FIRST DRAFT As of last year, we expected the government of India to bear the costs of exploration till the deigned 25% [...]

  2 months on
  The investment blog
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  G20 ducks the troubled reminders of 2008 | Advantage ‘zyaada’ In the morning of course, there was clarity that there would be no mandating of bank tax and it was made an optional item, Germany and England ( not the football) game for the new tax..Then Lulla was stuck at home when flooding was reported in Brazil and the BRIC gang never got together for [...]

  2 months on
  The investment blog
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  Office of Insurance Oversight | Advantage ‘zyaada’ See the final reconciliation stmt here When Hank Paulson’s office first proposed the new Insurance regulator in March 2008 (here) he had suggested that the same be within the control of the Treasury. While the FSA in the UK is being stripped down with the Bank of England taking concomitant powers of superregulation, Death panel [...]

  2 months on
  The investment blog
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  China springs an IPO juggernaut | Advantage Banking For the coming $25bn IPO from Petrobras and the $50bn in Capital raising for other China banks it would be a red letter day [pun unintended] as the Ag Bank of China IPO gets subscribed 16 times for the over 70 billion shares on offer. At least 3 SWFs loosened their purse strings to become [...]

  2 months on
  The investment blog
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  The new rules are on | Advantage ‘zyaada’ Long winded one year negotiations, and a handful of committees later, the modified regulations seem set to be put into law. Thru a marathon 21 hour session yesterday, Lincoln’s draconian provision banning banks from any derivatives trading was one of the final pieces that was signed into a compromise yesterday. The proposal was watered down [...]

  2 months on
  The investment blog