A. Recent Business Updates in India
- There have not been many investments and business deals due to state elections in 5 major states of India.
- Vodafone and Idea cellular announced a merger that will lead to a creation of the largest telecom service provider in India, with Vodafone owning 45% of the new entity.
- Ultra tech Cement closed a deal with Jaiprakash Associates Ltd, which will make them the largest cement manufacturer in India, also it will help the debt-laden Jaiprakash Associates Ltd reduce its debt and pay off creditors looking to take over the company.
- Indian Oil to sell 24% stake in JV to US partner Lubrizol, Earlier Indian Oil held a 50% stake in Lubrizol India Pvt Ltd that makes chemical additives for lubricants
B. New and unique offering of Tomorrow’s Market Innovators Private Limited
TMIPL through its Skilling division MICRUTS Foundation has started working for training and skilling of handicraft artisans in the Jodhpur Mega Cluster in the state of Rajasthan.
C. Why Company should invest in India
The Indian economy has witnessed a paradigm shift since the last decade and is on a robust growth trajectory. Today, the Indian economy boasts a stable annual growth rate, booming capital markets, and rising foreign exchange reserves. According to the Asian Development Bank’s (ADB) report titled “Asia Capital Markets Monitor”, the equity market in India, with a market capitalization of approximately US$ 600 billion, has emerged as the third-largest equity market, behind China and Hong Kong, in the emerging Asian region. 8. Quality of Investment Markets
With a savings rate of 37% of GDP, India’s domestic savings fuels most of its investment requirements and only 20% of India’s total public debt, is sourced from foreign borrowing. With significant investment to be made in upgrading India’s poor infrastructure in the next 10 years (estimated to be US$1.7 trillion) India’s Government is taking various steps to further encourage private and foreign investments.