Press Coverage                                                                

India 3G auction ends, windfall for government
India's third-generation mobile bandwidth auction ended Wednesday after 34 days, boosting government coffers by $14.6 billion, as companies such as Bharti Airtel Ltd. and Reliance Communications Ltd. bid to expand their services in the world's fastest growing telecom market........
Dow Jones Newswires 
Date: May 19, 2010


Telcos may have to raise Rs 50,000 cr to fund 3G rollout
In what could be one of the largest debt-raising exercises within a sector, telecom companies that win the third generation (3G) licences are expected to raise more than Rs 50,000 crore by way of debt in order to roll out their services.........
Business Standard 
Date: May 17, 2010

How do experts see Day 1, road ahead for the 3G auction?
Basically given that we have already completed five rounds today that means definitely in some of the circles you had advances of 10-15% of prices because of the way the price advances are structured.......
CNBC-TV 18 
Date: Apr 09, 2010

Cape of good hope
Since the early 2000s, fast-globalising corporations from India, China and other Asian countries have shown a growing appetite for foreign direct investments (FDI) in Africa. This push into the world’s poorest continent has been motivated in part by a desire to secure access to raw materials for their rapidly growing economies......
Hindustan Times 
Date: Mar 30, 2010

Telecom Industry Seems Ripe for Consolidation
Naguib Sawiris, the chief executive of Orascom, the Egyptian group that runs wireless phone networks around the world, believes the global industry of mobile operators is about to enter a turbulent period of Darwinian struggle, The New York Times’s Kevin J. O’Brien reports from Berlin.........
New York Times 
Date: Mar 28, 2010

Mittal's Africa call finally connecting
Persistence is paying off for Sunil Bharti Mittal, the chairman of Bharti Airtel. The billionaire founder of Bharti is finally close to realising his dreams of building a major presence in Africa with a deal to pay USD 9 billion for Kuwaiti group Zain's assets in 15 African countries...............
Moneycontrol.com 
Date: Mar 26, 2010

Ernst & Young Entrepreneur Of the Year Forum® 2010, Zürich
Tarkett, ein weltweit führendes Unternehmen bei Fuß- und Sportbodenbelägen, verkündete heute solide Finanzergebnisse für 2009 in starkem Kontrast zu der schwachen Wirtschaftslage ...............
Vereinigte Wirtschaftsdienste 
Date: Mar 26, 2010

Mittal's Africa call finally connecting
Persistence is paying off for Sunil Bharti Mittal, the chairman of Bharti Airtel. The billionaire founder of Bharti is finally close to realising his dreams of building a major presence in Africa with a deal to pay $9 billion for Kuwaiti group Zain's assets in 15 African countries..............
Reuters 
Date: Mar 26, 2010

Zain is largest Indian acquisition in Africa
The Bharti-Zain deal at $10.7 billion is by far the largest Indian acquisition in Africa, which takes India's total investment in the continent to $16.7 billion. According to Abhishek Sawant, analyst at IndusView Advisors, an M&A advisory firm, in the first half of 2009 ($451 million), Indian investment flows into Africa were sharply higher than the first half of 2008 ($80 million), growing at 463.8%..............
Timesofindia 
Date: Mar 26, 2010

The Ernst & Young Entrepreneur Of the Year Forum(R) 2010, Zurich, 14-16 March 2010
Ernst & Young will be hosting the first Entrepreneur Of the Year Forum 2010 between 14-16 March, in Zurich, Switzerland. Over 80 leading entrepreneurs from 24 countries across EMEIA and previous finalists and winners of the prestigious Ernst & Young Entrepreneur Of the Year Award will gather together to discuss key issues relating to enterprise and innovation, education and the environment..............
Marketwatch 
Date: Mar 12, 2010

Forum Entrepreneur Of the Year® 2010 d'Ernst & Young, Zurich, 14-16 mars 2010
Ernst & Young accueillera le premier forum Entrepreneur Of the Year 2010 du 14 au 16 mars à Zurich, en Suisse. Plus de 80 entrepreneurs éminents de 24 pays de la zone EMEIA et les précédents finalistes et vainqueurs du prestigieux prix Entrepreneur Of the Year d'Ernst & Young se réuniront pour discuter des thématiquesclés liées à l'entreprise, à l'innovation, à l'éducation et à l'environnement...............
TFI NEWS
Date: Mar 13, 2010

Risky Business: Are Teaser Rates for Home Loans Pushing Real Estate to the Edge?
At the Indian Banking Conclave (Bancon) in Mumbai on January 12, Reserve Bank of India (RBI) deputy governor Usha Thorat warned against what she considers risky mortgage lending practices. "In the area of housing loans, teaser rates are increasingly being offered, which is a cause for concern," she said. "I hope banks are ensuring that borrowers are well aware of the implications of such rates and the appraisal takes into account the repaying capacity of the borrowers when the rates become normal.".............
Ibtimes.com 
Date: Feb 17, 2010

Risky Business: Are Teaser Rates for Home Loans Pushing Real Estate to the Edge?
At the Indian Banking Conclave (Bancon) in Mumbai on January 12, Reserve Bank of India (RBI) deputy governor Usha Thorat warned against what she considers risky mortgage lending practices. "In the area of housing loans, teaser rates are increasingly being offered, which is a cause for concern," she said. "I hope banks are ensuring that borrowers are well aware of the implications of such rates and the appraisal takes into account the repaying capacity of the borrowers when the rates become normal.".............
Knowledge@Wharton 
Date: Feb 11, 2010

Les géants indiens de l'énergie en quête de nouvelles acquisitions
BOMBAY - Les groupes énergétiques indiens, dotés d'une solide trésorerie, partent en quête de nouvelles acquisitions dans un contexte où l'Inde, comme la Chine, doit vite trouver de nouvelles ressources pour alimenter une croissance économique en pleine expansion.............
Romandie News 
Date: Jan 20, 2010

The giant Indian energy seeking new acquisitions
MUMBAI - The Indian energy groups, with a strong cash flow, start looking for new acquisitions in a context in which India, like China, must quickly find new resources to fuel economic growth booming............
Romandie News 
Date: Jan 20, 2010

India's energy giants in global hunt for deals
MUMBAI — Cash-rich Indian energy groups are looking to flex their new-found muscles with global acquisitions as the fast-growing country joins China in the hunt for vital resources, analysts say............
Google News 
Date: Jan 19, 2010

Indian Cos Looking For Bargain Prices Overseas
The potential purchase of a controlling stake in LyondellBasell Industries AF, the world's third largest petrochemical company, by Reliance Industries Ltd marks a return to multi-billion dollar overseas acquisitions by cash-rich Indian companies, tempted by depreciated asset prices of companies affected by the biggest worldwide recession since the Great Depression............
The Economic Times 
Date: Nov 23, 2009

Reliance bids to be global player with LyondellBasell offer
It is far from a done deal but according to analysts, Reliance Industries' bid for bankrupt Netherlands-based LyondellBasell could transform the Indian company into a global energy and chemicals powerhouse...............
ChannelNews Asia
Date: Nov 26, 2009

Cure for an Ailing Industry? Pharma Multinationals Seek a Panacea in Indian Acquisitions
"Sanofi-Aventis Scans India for Acquisitions"; "Glaxo Eyes Piramal, Dr. Reddy's Labs"; "MNCs Eye Indian Pharma": If these and other recent headlines are any indication, India's pharmaceutical companies are in play for multinational suitors. According to some industry observers, more acquisitions are almost certain once valuations improve whether for diversification, exposure to emerging markets or other purposes...........
Knowledge@Wharton 
Date: Oct 22, 2009

Why Bharti-MTN Broke Up?
A mega transnational deal and over USD 20 billion transaction, a new south-south alliance, the creation of the world's third largest telecom firm, two public attempts, unprecedented government lobbying, a combined 12 months of negotiations, thousands of hours in legal fees and yet this deal came unstuck. Bundeep Singh Rangar, Chairman of IndusView..........
Monceycontrol.com 
Date: Oct 03, 2009

Bharti's Mittal seen ready to dial overseas again
The collapse of tie-up talks between Bharti Airtel and MTN is expected to be only a temporary setback for Sunil Mittal, who has come a long way from selling bicycle parts to creating India's top mobile firm............
Reuters 
Date: Oct 01, 2009

Ambani vs. Ambani: A Dispute over Natural Gas Prices Flares Up
Fraternal rivalry is as old as Abel and Cain. Indian businesses are hardly immune to such conflicts. For example, firms controlled by business families such as the Chhabrias, the Nandas, the Mafatlals and others have seen battles for control of power and wealth...........
Knowledge@Wharton 
Date: Sep 10, 2009

What should be the new govt's economic agenda?
India, like the rest of the world, is going through an economic slowdown. However, the policy initiatives of the new government are going to determine how quickly the Indian economy will recapture its high pace of growth..........
Economic Times 
Date: Aug 13, 2009

MphasiS to buy AIG's Indian IT arm
IT and BPO services company MphasiS today said it will acquire AIG Systems Solutions (AIGSS), the IT arm of the US-based insurance giant AIG (American International Group), for an undisclosed sum...........
Business Standard 
Date: Aug 13, 2009

Infrastructure is winner in Budget 2009-10: IndusView Advisors
In the Indian Financial Budget announcement for the fiscal year 2009-10, the first budget since the Indian National Congress led United Progressive Alliance (UPA) government won its second consecutive term to power in May this year, the infrastructure sector emerged winner as it was accorded top priority by the Indian Finance Minister...........
Indiainfoline 
Date: July 07, 2009

India is land of opportunity for law firms
Flight from Birmingham International to Mumbai: £450.00. A meal at your local “darber”: £10.00. An economy still growing at seven per cent per annum in the midst of the steepest global economic downturn in a generation: priceless…...........
Birmingham Post
Date: June 24, 2009

UK , Indian, South African Firms Lead on Cell Phone Deal
Renewed talks between Indian mobile phone service provider Bharti Airtel Ltd. and South Africa 's MTN over a cross shareholding deal which could lead to a full merger has handed advisory roles to four firms in the U.K. , India , and South Africa...........
The AM Law Daily 
Date: May 27, 2009

Telecom sector leads M&A activity in India
The telecommunication sector has been a significant driver of mergers and acquisitions (M&A) in India accounting for the highest share of deals at 18.6 per cent and 22 per cent during the last two years with values of $5.7 billion and $11 billion in 2008 and 2007, respectively. If the $23-billion Bharti-MTN deal goes through, then the trend is expected to continue this year as well...........
The Hindu Business Line 
Date: May 27, 2009

Bharti Airtel, MTN resume merger talks, to form world's third largest mobile operator
India's largest mobile operator Bharti Airtel and South African mobile phone group MTN resumed merger talks on Monday, saying they are exploring a potential deal, which could lead to the formation of a leading emerging markets telecoms group with network spanning across Africa, Middle East and Asia...........
International Business Times 
Date: May 26, 2009

After the Elections: What's Next on India 's Economic Agenda?
The elections' outcome "will usher a new wave of confidence globally in the Indian economy, with more than US$700 billion worth of investments to be channeled into India's infrastructure, power, telecom and pharma sectors over the next five years," says Bundeep Singh Rangar, chairman of IndusView Advisors, an India-focused cross-border advisory firm. "This will provide the country a strong foundation to achieve the aspirational growth of 10%."……...........
Knowledge@Wharton
Date: May 21, 2009

How should retail investors interpret this market?
The current euphoria in the benchmark index has again made traders and analysts quite bullish on the markets, who believe that the Sensex may even cross the 21,000 level by the year-end, provided there are no external shocks.…...........
EconomicTimes.com
Date: May 20, 2009

Indian pharma players to benefit from generic drugs in US
Increased use of generic drugs helped the US healthcare system save billions of dollars over the last decade. A recent report by the Generic Pharmaceutical Association in the US (GPhA) says that generic drugs saved the healthcare system more than $734 billion in the last decade, a trend that could be good news for Indian pharma players with a strong presence in the US …...........
EconomicTimes.com
Date: May 20, 2009

It’s time to push infra projects, says India Inc
A stable government at the Centre. Markets rebounding. Suddenly, Corporate India's outlook has turned positive. India Inc, which had shelved mega projects and adopted a wait-and-watch approach after the global economic tsunami eight months ago, is now revisiting these plans with a vengeance. Industry observers said a buoyant market will open up a new window of opportunities to raise funds to fuel expansion plans, especially in the infrastructure sector…............
EconomicTimes.com
Date: May 19, 2009

Bombay 's Sensex trading halted after massive up surge
India’s Dalal Street, home to the Bombay Stock Exchange was a busy address on Monday, May 18th creating history with euphoric investors leading the Sensex, the benchmark index to surge more than 17% or 2,099.21 points higher at 14,272.62, the highest ever increase in a day anywhere in the world, so much that the trading had to be halted for the day. The Sensex touched the upper limit twice, earlier opening at 10.73% or 1,305.97 points higher at 13,479.39............
RedHotCurry
Date: May 18, 2009

Sensex expected to cross 21K this year?
India’s Dalal Street, home to the Bombay Stock Exchange was a busy address on Monday, May 18th creating history with euphoric investors leading the Sensex, the benchmark index to surge more than 17% or 2,099.21 points higher at 14,272.62, the highest ever increase in a day anywhere in the world, so much that the trading had to be halted for the day. The Sensex touched the upper limit twice, earlier opening at 10.73% or 1,305.97 points higher at 13,479.39...........
IndiaInfoline
Date: May 18, 2009

Sensex expected to cross 21K this year?
India’s Dalal Street, home to the Bombay Stock Exchange was a busy address on Monday, May 18th creating history with euphoric investors leading the Sensex, the benchmark index to surge more than 17% or 2,099.21 points higher at 14,272.62, the highest ever increase in a day anywhere in the world, so much that the trading had to be halted for the day. The Sensex touched the upper limit twice, earlier opening at 10.73% or 1,305.97 points higher at 13,479.39...........
IndiaInfoline
Date: May 18, 2009

UPA win: Potential investments worth $700 Billion on track
The verdict of the people in the General Elections for the 15th Lok Sabha or the House of the People, in favour of the Indian National Congress led United Progressive Alliance (UPA) is an affirmation of its economic policies of continued liberalization. Puncturing a disparate opposition, Prime Minister Manmohan Singh is set to govern the world's largest democracy for five more years...........
SiliconIndia.com
Date: May 16, 2009

UPA likely to continue in Government: Advantage Reforms and Development
If exit polls are to be believed in the General Elections for the 15th Lok Sabha or the House of the People, the Indian National Congress led United Progressive Alliance (UPA) government will most likely be the victor that would be an affirmation of its economic policies of continued liberalization..........
IndiaInfoline.com
Date: May 16, 2009

Private Equity : Boom Time Ahead?
With the economic downturn in developed economies intensifying and the application of capital becoming dearer and shrinking the expected Return on Investments (RoI), PE firms are finding their way into safer investment havens, that is, emerging markets.........
The Analyst
Date: May 09, 2009

Why did the top tier stay away?
As strategy head and M&A marksman for Wipro, K.R. Lakshminarayana, or ‘Lan’ as his peers call him, is used to being approached by all sorts of companies keen on being acquired by the soaps to-software firm. He has spent $1.3 billion on 21 deals, but there was one much-publicised deal that he wouldn’t touch with a bargepole….......
Business Today
Date: April 30, 2009 

Global HR bets on India despite slowdown
In the current scenario where there is recruitment freeze and lay off is the buzz word, foreign consulting firms are betting big on taping the immature Indian recruitment market, which is largely driven by the companies’ in-house HR teams. Hays plc, a global specialist recruitment company on Tuesday announced its foray in offering recruitment model to Indian clients and candidates........
The Financial Express
Date: April 3, 2009

Ageing population may force UK to relax visa restrictions
Protectionism and visa restrictions may be buzzwords in today’s troubled times, but in a little over a decade, the ageing population in developed countries like the UK.......
The Economic Times
Date: April 3, 2009

Hays Plc opens India unit
Specialist staffing firm Hays Plc launched its India unit with the aim of providing its contingency-based recruitment services here. As per the recruitment model, Hays will charge a recruitment fee from its client only if the vacancy (in the concerned company) is successfully filled, Mr Alistar Cox, Chief Executive of Hays, told newspersons at a press conference recently.........
The Hindu Business Line (Print & Online)
Date: April 2, 2009

Core sector push to cure economy
INDIA is predicted to register gross domestic product ( GDP) growth of about 7.1 per cent this fiscal, a drop from nine per cent that the country achieved last year. In contrast, however, global economic growth is projected to have shrunk to 3.7 per cent in 2008 from about five per cent the previous year, according to estimates of the.......
Mail Today
Date: March 23, 2009

Telecom excites foreign investors
The telegraph
Date: Jan 26, 2009

IT scandal, economic slowdown hit once bullish India
A year ago a seemingly unstoppable global juggernaut, the once-confident India is now reeling from a perfect storm of a corporate IT scandal, the Mumbai attacks and economic slowdown.......
The Economic Times
Date: Jan 09 , 2009

With Satyam, perfect storm hits once bullish India
A year ago a seemingly unstoppable global juggernaut, the once-confident India is now reeling from a perfect storm of a corporate IT scandal, the Mumbai attacks and economic slowdown......
Livemint.com
Date: Jan 09 , 2009

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