Indian Economy

**santosh tiwari** · 14 Oct 06, 08:40

At all-time high, markets celebrate an early Diwali

MUMBAI, OCT 13: The stock market seems to have already gone into celebration mode, a week ahead of Diwali. The 30-share Sensex of the Bombay Stock Exchange (BSE) breached the previous all-time high level and closed at a new peak of 12,736.42 points.

The week couldn’t have ended on a better note as on a day when India's inflation rate breached the 5%-mark to touch a three-month high of 5.16%, the benchmark Sensex almost scored a double ton. Marketmen did not expect the Sensex to scale a new peak so swiftly. They hoped the benchmark index to cross the previous high level of May 10 around Diwali, which falls on October 21.

The Sensex gained 198.44 points to close at 12,736.42. This is the first time ever the index has moved past the 12,700-mark. The previous closing high was 12,612.38, recorded on May 10, 2006. The broader S&P CNX Nifty of the National Stock Exchange (NSE) ended the day at 3,676.05, up 55 points. However, this is not the all-time high closing for the broader index, which closed at 3,754 on May 10, 2006.

Technology, banking and infrastructure-related stocks were seen shining bright on Friday even as impressive corporate numbers kept pouring in. The index has rallied smartly in the recent past, after touching a low of 8,929 on June 14, 2006.

Provisional figures showed that FIIs were net buyers at nearly Rs 1,000 crore in the cash segment. However, the recent past has witnessed more inflows from the domestic fund houses than foreign investors.

Technology has been the main driving force behind the Sensex rally, and Friday also witnessed tech majors like Infosys Technologies, Wipro Ltd, TCS and Satyam Computers registering impressive gains. In fact, BSE IT and BSE Teck have been the best performing indices in the period between June 14 and October 13, 2006 during which the benchmark Sensex moved from a low of 8,929 to a high of 12,736.

Kunj Bansal, CIO, Religare Securities, said, "With this new high, a lot of buying interest will be witnessed. I think there is still a little upside possible from the current levels as the quarterly numbers have just started to arrive."

Nirmal Jain, CMD, India Infoline said, “The stock markets, which are trading at around 16-17 times current years earnings, are not expensive. Corporate earnings flowing in indicate a strong performance once again.”

Sensex riding on corporate earnings: Chidambaram

Finance minister P Chidambaram attributed the strong rally in the stock market to better corporate earnings and declining global oil prices. It could also be a belated reaction to Infosys’ results and expectations of higher earnings from other corporates, he said.

The latest rise in the inflation rate to 5.16% for the week-ended September 30, would not put pressure on interest rates, Chidambaram said. “There is ample liquidity in the system,” Chidambaram said, when asked if the surge in inflation would result in higher rates.

“Inflation will hover between 4% and 5% if supply side constraint persists. The constraints will be addressed once the new sugar, new wheat come in,” the minister said.

http://www.financialexpress.com/fe_f...tent_id=143408

**santosh tiwari** · 14 Oct 06, 08:47

MUMBAI, OCT 13: Friday the 13th proved lucky for investors in Indian equities. After the freefall that pulled the Sensex down to a year’s low on June 14, it has taken four months to more than recover the losses.

The total market capitalisation of the BSE on Friday rose 40.8%, or a hefty Rs 9,26,473 crore, to Rs 31,97,357 crore since June 14, when the Sensex hit its low of 8,929.44.

The slow but steady recovery has been possible due to a massive rise of 3,806.98 points (42.63%) in the BSE 30-share Sensex since its lowest this year.

An industry-wise analysis of m-cap shows tyres (93.64%), construction (76.35%), entertainment (57.01%), diversified (58.23%) and cement (56.94%) sectors were the best performers between June 14 and October 13.

Ved Prakash Chaturvedi, managing director, Tata Asset Management said, “The new heights reflect a good performance by companies.” While the macro outlook remains good given the buoyant liquidity, the decline in oil prices and expectation of softer interest rates, the performance of companies will determine the future trend, he added.

The m-cap of the A group (198 companies) gained 40.33% from Rs 18,00,967 crore on June 14, 2006 to Rs 25,27,378 crore. Among A group companies, the highest increase in m-cap was registered by Polaris Software Lab (147.5%), followed by Escorts (140.7%) and Sterlite Optical (113.9%).

Reliance Industries, the numero uno in terms of m-cap, increased its value by Rs 46,113 crore. Another heavyweight stock, Indian Oil, added Rs 28,318 crore to its m-cap during the same period. ONGC ’s m-cap, the second largest, also increased Rs 23,699 crore in four months.

http://www.financialexpress.com/fe_f...tent_id=143410

**santosh tiwari** · 14 Oct 06, 08:51

HELSINKI, OCTOBER 13: Giving a major push to their strategic partnership, India and the 25-nation European Union (EU) decided to sign a Trade and Investment Agreement, a comprehensive pact that will cover a vast spectrum of sectors.

The India-EU Summit, attended by Prime Minister Manmohan Singh, decided to launch negotiations on the agreement, accepting a report of the High-Level Group of businessmen set up last year.

http://www.financialexpress.com/late...tent_id=143349

**santosh tiwari** · 14 Oct 06, 09:04

NEW DELHI, OCTOBER 13: Leading no-frills carrier Air Deccan today said it was in talks with infrastructure developer GMR Group, the Andhra Pradesh and Karnataka governments for constructing low cost airports.

"We are in preliminary discussion with GMR Group asking them to build low cost airports," Air Deccan Managing Director Capt G R Gopinath told reporters in a video conference from Bangalore

He, however, clarified that the airline would not be participating financially in the develpoment of such low cost airports.

"We will assure direct daily connections to these places," he said.

Gopinath also said he had approached Andhra Pradesh and Karnataka Governments to build airports for low cost carriers in these states.

"Our officials have met the Andhra Pradesh Chief Minister and expressed our views on the need for low cost airports and submittted a master plan," he said.

The Andhra government has in principle agreed to develop three such airports in the state.

"Our request to them was to treat it (the airport) as state subject. Within six to 12 months they should be able to put these airports," he added.

A similar proposal was also mooted to the Karnataka government, he said, adding that the airline executives would meet the state government officials in this regard next week.

Gopinath said he also met with Left party leader Nilotpal Basu for the revival of Cooch Behar airport, although he has not met the West Bengal Chief Minister.

http://www.financialexpress.com/late...tent_id=143344

**santosh tiwari** · 14 Oct 06, 09:22

HELSINKI, OCTOBER 13: Prime Minister Manmohan Singh invited European companies to explore "expanded opportunities" in the Special Economic Zones (SEZs) being created in India.

Addressing the India-EU Summit here, he strongly disapproved of restrictive visa regimes, saying these can "stifle" the potential of business and trade cooperation between the two sides.

Singh assured that the interests of foreign companies with regard to further liberalisation of foreign direct investment in areas like telecommunication and retail, improvement of infrastructure, opening up India's financial sector and relaxation of labour laws was receiving the attention of his government.

http://www.financialexpress.com/late...tent_id=143346

**santosh tiwari** · 14 Oct 06, 09:42

NEW DELHI, OCTOBER 13: The Government said the rise in inflation to 5.16 per cent will not put pressure on interest rates as there is ample liquidity in the economy and inflation would moderate once fresh sugar and wheat supplies arrive.

"Inflation will hover between 4-5 per cent if supply side constraint persists," Finance Minister P Chidambaram told reporters.

Medium term moderations in inflation will set in only when supply constraints are addressed, he said.

"The constraints will be addressed once the new sugar, new wheat come in," he said.

When asked whether inflation which crossed the 5 per cent mark for the week ended September 30 will put pressure on interest rates, he said, "No.. it would not as there is ample liquidity in the system."

The government's intention is to bring down inflation below 4 per cent the Finance Minister had said earlier.

The Reserve Bank is due to come out with the quarterly review of the Monetary Policy later this month.

Chidambaram said that inflation crossed 5 per cent because of fuel and lighting components.

"We are trying to find out the reasons behind price rise of these components as they generally do not vary so much," he said.

The prices of the two components rose during the week ended September 30 compared to corresponding figures last year, due to the rise in prices of the two components which, was a little exaggerated since the prices rose on a declining base last year.

http://www.financialexpress.com/late...tent_id=143343

**santosh tiwari** · 14 Oct 06, 09:53

HELSINKI, OCTOBER 12: Portraying India as an attractive, safe and profitable business destination, Prime Minister Manmohan Singh invited European firms to invest in the country's core sectors that require a massive 320 billion dollars over the next five years.

"We need to do much more in the field of infrastructure and improve its all-round availability and quality," he told industrialists at the India-EU Business Summit.

Singh specifically identified areas like infrastructure, manufacturing, knowledge services and retail as opportunities for foreign investors.

"The present level of bilateral economic engagement is far below potential," he told the European business community in the presence of Finnish Prime Minister Matti Vanhanen whose country is the current chair of EU.

Though EU remains India's largest trading partner with bilateral engagement of about 40 billion dollars, FDI inflows from the 25-nation bloc was meagre at 375 million dollars in 2005 compared to 451 million dollars a year before.

Singh noted his government was giving thrust on increased private sector participation in public works, including highways, ports, and power sector, besides telecommunications.

"I invite European firms to participate actively in the infrastructure boom in India, a sector in which about 320 billion USD will be required over the next five years," he said.

http://www.financialexpress.com/late...tent_id=143239

**santosh tiwari** · 14 Oct 06, 09:55

NEW DELHI, OCTOBER 12: Most Americans recognise the rising influence of India and China and believe New Delhi would gain on Washington in terms of influence in the world in the next ten years, a study by a US-based think-tank has said.

According to a survey released by the Chicago Council on Global Affairs, Indians view their influence in the world and in Asia as ahead of China and second only to United States.

Indians view themselves as a leader in developing new products and technologies, behind only the United States, a Chicago Council release said.

In ten years, Indians see themselves as gaining on the United States in terms of influence in the world and as an innovation leader, but do not believe they would equal or surpass the United States, it said.

The release, however, did not mention the sample size of the survey or the time period during which it was conducted.

"The survey findings couldn't be clearer--Americans do not want to retreat to an isolationist foreign policy," Marshall Bouton, President of the Chicago Council on Global Affairs, was quoted as saying in the release.

The survey claimed that 56 per cent of Indians who responded would like to see their country play a greater role in world affairs than it does currently compared to 87 per cent Chinese.

Similarly, more than 60 per cent of Indians see the prospect of becoming more powerful economically and militarily as mainly positive, the release said.

http://www.financialexpress.com/late...tent_id=143237

**santosh tiwari** · 14 Oct 06, 10:07

NEW DELHI, OCT 13: With core areas like infrastructure and agriculture expected to grow at 4% each in the next five years, The Planning Commission has revised the economic growth target for the 11th Plan upwards to 9%. Both Prime Minister Manmohan Singh and Planning Commission deputy chairman Montek Singh Ahluwalia had earlier talked about a growth target between 9-10%, depending on the performance of the agriculture sector and the growth of infrastructure and the social sector.

The draft approach paper had earlier mentioned that additional policy initiatives would be imperative to raise the average growth rate in the 11th Plan to somewhere between 8-9%.

To accelerate growth rate to 9% during the next Plan, India will need to increase the total investment rate from the present 29.1% to 35.1% of the GDP. This, however, is much lower than the investment rates in China, which saves 45% of its GDP compared with India’s 30%, Planning Commission Deputy Chairman Montek Singh Ahluwalia told FE.

“We are hopeful that we will be able to fill the critical gap in infrastructure and agriculture. Growth in these two sectors should help us achieve 9% growth in the next Plan period,” Ahluwalia told FE.

The focus of the government in the 11th Plan would continue to be on infrastructure, agriculture, and social sectors like education and health, Ahluwalia said, adding not much change had been made in the draft approach paper to the 11th Plan but for the upward revision of the growth target. The full Planning Commission will meet on October 18 to discuss the draft approach paper, which will then be sent to the Cabinet. After that the paper has to be presented before the National Development Council for final approval and adoption.

Ahluwalia said the National Development Council meeting could be held in November. But the exact date for the NDC meeting will be subject to the winter session of Parliament that begins some time in November.

Prime Minister Manmohan Singh too had emphasized upon increasing investment for infrastructure development and said removing deficit in infrastructure was imperative to achieve GDP growth of 9-10% at a meeting on infrastructure development.

http://www.financialexpress.com/fe_f...tent_id=143365

**kams** · 18 Oct 06, 03:32

Published: 18 October 2006

Corus, the Anglo-Dutch steel producer, is close to recommending a £4.1bn all-cash takeover offer from India's Tata Steel. It would be the biggest foreign takeover by an Indian company.

The deal, pitched at 455p-a-share, would put an enterprise value on Corus of £5.6bn. No firm offer has yet been tabled but talks between the two companies are advanced, and an agreed deal is thought to be just days away. Tata's due diligence on the transaction is complete. Final details of the financing are being put in place. Of the £4bn cash, some 60 per cent will be provided by loans from Deutsche Bank, ABN Amro and Credit Suisse. The remainder will come from Tata Steel.

Analysts said that investors had misread the likely level of the Tata offer, with many anticipating a bid of around 500p-a-share. Corus shares still closed well above the offer price last night, at 479p, as many in the City bet on a rival bid coming in.

However, industry sources said that Corus had been hawking itself around potential buyers for months and the Tata offer was the best deal that it had been able to flush out. One insider said: "Corus has already done the rounds. So I don't expect anyone [else] to come in."

Although the takeover level will disappoint some, it comes at a multiple of 6.6 times Corus's forecast underlying earnings for this year, slightly above the multiple that Mittal Steel paid for Arcelor earlier this year.

Corus's chief executive, Philippe Varin, said as far back as August 2005 that the company could not continue as a stand-alone business and needed a partner from a low-cost part of the world. Although Corus's fortunes have recovered over the past couple of years - the shares sank as low as 18.5p in March 2003 - on the back of a recovery in steel prices and cost-cutting measures, it does not have the scale to compete with the likes of Mittal.

Corus, created through the merger of Dutch firm Hoogovens and British Steel in 1999, agreed in March to sell most of its aluminium assets, paving the way for the company to take part in consolidation.

Global steelmakers are under pressure to cut costs and secure supplies of raw materials as China switches from being a net importer to becoming an exporter of steel. The Corus deal would make Tata Steel the world's fifth or sixth-largest producer. Analysts said Tata provided Corus with access to raw materials from India and the fast-growing Indian market. Corus offers the combined business advanced finished steel products and customers in Europe.

Tata Steel is part of Tata Group, India's largest conglomerate, which has 93 companies, ranging from tea, software and hotels to car-making. Since Ratan Tata became group chairman in 1991, turnover has increased seven-fold to $22bn (£11.8bn), equivalent to 2.8 per cent of the country's gross domestic product. In the past six years, the company has spent $1.9bn on overseas acquisitions, including Britain's Tetley Tea.

Alan Rosling, executive director of Tata Sons, the holding company of the empire said: "I think we've only just begun. If we stay in India, we will be at a competitive disadvantage."

Corus, the Anglo-Dutch steel producer, is close to recommending a £4.1bn all-cash takeover offer from India's Tata Steel. It would be the biggest foreign takeover by an Indian company.

The deal, pitched at 455p-a-share, would put an enterprise value on Corus of £5.6bn. No firm offer has yet been tabled but talks between the two companies are advanced, and an agreed deal is thought to be just days away. Tata's due diligence on the transaction is complete. Final details of the financing are being put in place. Of the £4bn cash, some 60 per cent will be provided by loans from Deutsche Bank, ABN Amro and Credit Suisse. The remainder will come from Tata Steel.

Analysts said that investors had misread the likely level of the Tata offer, with many anticipating a bid of around 500p-a-share. Corus shares still closed well above the offer price last night, at 479p, as many in the City bet on a rival bid coming in.

However, industry sources said that Corus had been hawking itself around potential buyers for months and the Tata offer was the best deal that it had been able to flush out. One insider said: "Corus has already done the rounds. So I don't expect anyone [else] to come in."

Although the takeover level will disappoint some, it comes at a multiple of 6.6 times Corus's forecast underlying earnings for this year, slightly above the multiple that Mittal Steel paid for Arcelor earlier this year.

Corus's chief executive, Philippe Varin, said as far back as August 2005 that the company could not continue as a stand-alone business and needed a partner from a low-cost part of the world. Although Corus's fortunes have recovered over the past couple of years - the shares sank as low as 18.5p in March 2003 - on the back of a recovery in steel prices and cost-cutting measures, it does not have the scale to compete with the likes of Mittal.

Corus, created through the merger of Dutch firm Hoogovens and British Steel in 1999, agreed in March to sell most of its aluminium assets, paving the way for the company to take part in consolidation.

Global steelmakers are under pressure to cut costs and secure supplies of raw materials as China switches from being a net importer to becoming an exporter of steel. The Corus deal would make Tata Steel the world's fifth or sixth-largest producer. Analysts said Tata provided Corus with access to raw materials from India and the fast-growing Indian market. Corus offers the combined business advanced finished steel products and customers in Europe.

Tata Steel is part of Tata Group, India's largest conglomerate, which has 93 companies, ranging from tea, software and hotels to car-making. Since Ratan Tata became group chairman in 1991, turnover has increased seven-fold to $22bn (£11.8bn), equivalent to 2.8 per cent of the country's gross domestic product. In the past six years, the company has spent $1.9bn on overseas acquisitions, including Britain's Tetley Tea.

Alan Rosling, executive director of Tata Sons, the holding company of the empire said: "I think we've only just begun. If we stay in India, we will be at a competitive disadvantage."

TATAs on the prowl

**kams** · 20 Oct 06, 04:03

LONDON/AMSTERDAM (Reuters) -- Anglo-Dutch steelmaker Corus Group Plc is set to recommend a £4.1 billion ($7.7 billion) takeover by India's Tata Steel Ltd as soon as Friday, sources close to the matter said.

Corus' board met on Wednesday evening to rubber stamp the deal but is waiting until Tata's board meets, which is expected on Thursday or Friday, before making an official announcement to its shareholders, the sources said.

Corus on Tuesday said it had received a "possible recommended" takeover proposal from Tata that valued Corus at 455 pence a share.

While both companies said there could be no guarantee that a firm offer would be forthcoming, sources close to the matter previously told Reuters that Corus had already given Tata access to its books and was prepared to recommend a deal at the proposed 455p level.

The sources said that Tata still had a couple of issues to iron out but that an agreed offer could be announced as soon as the end of the week.

Corus declined to comment on Thursday while Tata Steel could not immediately be reached for comment.

A deal would be the largest foreign takeover by an Indian company and would follow Mittal Steel's $31 billion acquisition of rival Arcelor this year as consolidation in the steel sector gathers pace.

Corus shares closed down 1.75 percent at 478-1/2 in London. They have consistently traded above Tata's proposed offer on speculation the Indian firm might raise its bid or that a counter-offer might emerge.

Metal Bulletin reported earlier this week that Brazilian steelmaker Companhia Siderurgica Nacional was preparing a rival bid for Corus, although the sources downplayed any rival offer stressing that talks between Tata and Corus were very advanced and that Tata's fully financed cash bid would be hard to beat.

Global steelmakers are under pressure to cut costs and become more competitive as China switches from a net importer to exporter of steel.

TATA Corus

Oh man, did any one watch the BBC announcing this? The news anchor just could not believe what he was reading

joey2 · 20 Oct 06, 05:10

the fooking cable is not giving us BBC this month :( i always like the accent of british style of news reading.. lol any link where i can hear it online

**santosh tiwari** · 24 Oct 06, 18:01

NEW DELHI, OCTOBER 24: India's exports shot up 41.2 per cent in September 2006 to 10.3 billion dollars compared to 7.29 billion dollars in the same month last year.

Cumulative exports during the first six months this fiscal rose by 37 per cent to 59.3 billion dollars as against 43.2 billion dollars in April-September 2005, according to the provisional figures released by the government.

http://www.financialexpress.com/late...tent_id=144370

**santosh tiwari** · 24 Oct 06, 18:08

NEW DELHI, OCTOBER 24: India recorded a monthly trade deficit in September of $5.33 billion, wider than a deficit of $3.49 billion in August as Asia's fourth-largest economy took in higher imports to feed strong consumer demand.

The government said on Wednesday the trade gap widened to $24.60 billion in the first six months of the fiscal year to March 2007 from $22.26 billion in the same period last year.

The trade deficit stood at $4.08 billion in September 2005. All figures from the year ago period are revised. The current data is provisional and liable to be revised.

Exports in September rose 22 per cent from a year earlier to $10.30 billion, while imports rose an annual 24.7 per cent to $15.63 billion. Oil imports in September rose 25.7 per cent from a year earlier to $5.09 billion.

Exports in the April-September period, the first six months of the fiscal year, rose an annual 22.9 per cent to $59.33 billion.

The government's full-year export target is $126 billion, a rise of 22.3 per cent over the previous year.

Imports in the first six months of 2006/07 rose 19 per cent from the same period a year earlier to $83.93 billion, with oil accounting for more than a third of total imports.

Between April and September, oil imports grew an annual 36.8 per cent to $28.66 billion.

India imports about 70 per cent of its oil and high prices boosted the import bill.

http://www.financialexpress.com/late...tent_id=144371

**santosh tiwari** · 24 Oct 06, 18:14

NEW DELHI, OCTOBER 24: A number of foreign acquisitions by India Inc especially the latest of Corus Group by India's largest corporate House Tatas for over 8 billion dollars may result in FDI outflows exceeding inflows this year.

The acceleration in investment activity abroad by Indian firms has given steam to FDI outflows which have exceeded the total foreign inflows into the country this year. Overseas acquisitions by few major domestic companies this year alone amounted to over 10 billion dollars.

A report by Crisil Centre for Economic Research says that the rising tide of Indian investment overseas reflects the imperatives of operating in a globalised market place. Indian firms are now driven by the need to seek the cheapest resource mix and locate operations where these are available.

The acquisitions by domestic firms abroad is part of a strategy to establish Brand India across the globe and are not limited to a few sectors but spread across a wide array of industries ranging from pharmaceuticals, telecom, automobiles and ancillaries to IT.

Tata Steel's recent announcement to buyout Anglo-Dutch steel major Corus for 8.04 billion dollars and country's largest electronics firm Videocon planning to acquire South Korean Daewoo Electronics for 700 million dollars highlight corporate India's increasing global foothold.

The Tata Group has been a front runner in other global acquisitions as well with Tata Tea's acquisition of US-based Energy Brands Inc for 677 million dollars, Tata Steel's buyout of Singapore's Natsteel for 486 million dollars and Tata Coffee's buyout of Eight O'Clock Coffee for 220 million dollars this year.

Romanian pharma firm Terapia had also been acquired by Ranbaxy for 324 million dollars earlier this year.

Globalisation which exposed the Indian markets to foreign shores had led the domestic companies to transcend geographical barriers and find a foothold in developed markets. Changes in the international regulatory environment, particularly developments in the intellectual property rights (IPR) regimes have also been critical drivers for India Inc s forays abroad, The report by Crisil 'Creating The Indian MNC' stated.

The acceleration in outbound investments by corporate India has not been a sudden spurt but a culmination of a long-term trend towards the creation of the Indian MNC , which has gathered momentum over the last few years.

The geographic spread of these investments has also been varied, spanning the US, Europe, Africa, China and the CIS countries as well.

Though, as per data available with the Department of Industrial Policy and Promotion, FDI inflows have doubled during January-July 2006 touching 4.74 billion dollars as compared to the same period in 2005, FDI outflows have also been on an upward climb and are set to overtake the inflows by the year end.

The increase in the outflows from the country have gathered momentum on the back of the accommodative role played by the government, particularly the Reserve Bank of India (RBI), inline with its strategy f 'internationalisation' of the Indian corporate sector, the Crisil report said.

As foreign exchange reserves have piled up, (forex reserves stand at over 165.33 billion dollars as of August, 2006), the RBI has progressively relaxed the controls on outbound investments, making it easier for Indian companies to acquire or invest abroad.

A slew of amendments to the RBI guidelines have effectively raised permissible investment limits and streamlined processes.

But besides the much hyped takeovers and buyouts, joint ventures with overseas companies and strategic investments have also been on an upswing and have contributed to the rise in outbound investments from the country.

http://www.financialexpress.com/late...tent_id=144363

Thread: Indian Economy

LinkBack

Thread Tools

Display

Megabucks & Microcredit

Investor Wealth Soars to Rs 32,000,000,000,000

India, EU to sign the biggest trade deal

Air Deccan Talks to States for Cheaper Airports

PM Asks European Cos to Tap Indian SEZs

Inflation rise not to put pressure on rates:FM

PM lures Europeans to invest in infrastructure

India to be a leader in innovation, IT

Montek revises 11th Plan growth target to 9%

A done deal as India's Tata Steel pitches in with historic £4bn bid for Anglo-Dutch C

Corus 'to accept Tata Steel offer'

Exports up 41% in Sept to 10.3 bn dollars

India's Sept trade deficit at $5.33 bn: Govt

FDI outflows may exceed Inflow

Thread Information

Users Browsing this Thread

Similar Threads

Indian Commando Course

Share this thread with friends:

Share this thread with friends:

Posting Permissions