Corruption
September 10, 2013
The Saga of Corruption And Misgovernance in India We have been massively bearish on the Indian stock markets for a long time now citing the huge […]
August 27, 2013
India and Iran tiff over Oil Tanker Despite India’s large size and huge army, the country’s leadership remains weak kneed and soft. The country has been […]
July 25, 2013
India imports billions of dollars of goods and services despite having the resources and manpower to manufacture the goods/services at lower costs on its shores. India’s […]
June 26, 2013
Real Estate crash in India Estate prices have kept moving upwards relentlessly even as other asset classes have languished. Corporate mis-governance and corruption has driven investors […]
April 18, 2013
Money Laundering in India At the end the shiny reputation of three of India’s largest private banks was pulled down by mere camera based sting operation. […]
April 8, 2013
Mike Parker rightly said, “When you don’t invest in infrastructure, you are going to pay sooner or later.” Indian government after realizing the need of development […]
October 19, 2012
Corruption has become quite endemic in India over the last decade or so and it is universally recognized that the present regime in India is the […]
September 21, 2012
Real Estate Bubble in India Indian real estate prices are one of the highest in the world in terms of affordability as median real estate price […]
September 19, 2012
India’s Brazen Crony Capitalism is nothing new to the Greenworldinvestor readers where we have time and again been highlighting how the unholy nexus of politician-businessmen have […]
September 12, 2012
No Freedom of Expression in Democracy? Indian citizens are shocked by the actions of the judiciary and police in Maharashtra who have jailed a cartoonist under […]
September 8, 2012
Solar Rooftops India There are hardly any rooftop solar panels on homes in India due to lack of knowledge, government support and distribution. Solar Energy incentives in most […]
August 19, 2012
GMR in Spotlight Now GMR is one of India’s largest infrastructure/construction companies with presence in roads, power, airports, construction etc. Like other infra majors the company […]
August 16, 2012
State Governments in India have been driving the growth of solar energy in India by giving subsidies and auctioning capacities at favorable electricity tariffs. Some states […]
August 14, 2012
State owned Indian companies have trodden over minority shareholder rights for a long time now. Ever since these companies were listed, minority shareholders have been getting […]
July 9, 2012
I am surprised at the similarities in the corruption scandals hitting the South Asian nations almost daily. Despite hundreds and millions of citizens living in grinding […]
July 6, 2012
Any BRICs investor can tell you intuitivity without performing extensive spreadsheet analysis that putting money into debt has proven to be more profitable than equity over […]
June 28, 2012
Indian Solar Energy has received wide acclaim in national and international media for being a great success. However compared to other countries, the claims seem quite […]
June 26, 2012
Note India desperately needs someone to break the oligopolies and cartels created by numerous sectors such as yarn producers, cement players etc. But you have to find a balance between penalizing them and bankrupting them.Most of the developed countries like USA and European Union have highly developed and advanced competition regulators which impose hundreds of millions in fines against domestic and international companies who indulge in anti-market practises.The fines serve as a great deterrence where powerful corporates try to undermine the market forces through their sheer size.The landmark anti monopoly legal cases against Microsoft,LCD companies have proved to be very effective in punishing super powerful businesses who have shafted consumers through illegal practises.
June 25, 2012
I have always said that investing in Indian mutual funds is a dumb idea given the lack of regulation , under performance, high fees and front […]
June 15, 2012
The Indian Real Estate Market saw a massive boom in the period between 2004 and 2008 alongwith the global real estate bubble. However after that the […]
June 4, 2012
Corruption in India has been exposed in many forms of late and we have documented this in GWI. Politicians, Bureaucrats, Army Generals and Business Owners have […]
February 25, 2012
India's Solar PowerIndustry is starting to see some M&A with both domestic and foreign companies buying smaller firms. While the biggest M&A story is that of Tata Power acquiring the stake in Tata BP Solar, other firms without any grounding in the energy industry are too getting in. Now a Coal Equipment and EPC company Tecpro is getting into the solar energy business by acquiring a small solar lighting and heating company Eversun.Tecpro Systemsis primarily focused on the Power Sector Space.It is a leader in the ash handling and material handling systems and is currently diversifying into becoming a turnkey provider in this segment.Like other infrastructure players it has seen amazing growth in the last 3 years at around 70%+.The growth has been fantastic both on the topline and the bottomline.The 2300 crore Order book provides some comfort over the next year’s revenues or so.The Power Sector in India particularly the Thermal Power Plants are expected to see an explosive growth period.Steel and Cement sectors are also growing strongly.With Tecpro Systems focusing on these 3 segments,it should be able to maintain a good growth trajectory in the future years as well
February 25, 2012
The Indian Solar Power Industry is starting to see some Solar M&A activity pick up as the sector starts maturing. The Indian Solar Energy Industry starting picking up pace in 2009 with the advent of the first phase of the solar federal subsidy which envisaged putting up 20 GW by 2022 (a figure which I think is too low btw) . A large number of companies entered the fray many of which were small . These companies hoped to profit from selling the licenses rather than being serious players. Many of these companies could not do so as the reverse auction process was quite competitive. A large number of companies also got started to take advantage of individual state subsidies from governments in Gujarat.
February 1, 2012
India is a country with one of the biggest population of poor people living hand to mouth. But becoming super rich in this country is not rocket science. All you have to do is become a political crony and start counting your millions if not billions. Corruption in India is quite rampant and blatant which has been proved time and again with scam a day. Politicians and Businessmen have been jailed but they have managed to get out on bail using their millionaire lawyers to fake illness and other shenanigans. Some politicians are now involved in both professions with some rumored to be billionaires owning companies through surreptitious means and parking their money in Swiss banks. Business Groups in India see their shares rising and going down depending on which political party wins proving the nexus between politicians and businessmen. There has been no reforms to separate these two and now powerful politico-business dynasties have started ruling large parts of India.
January 31, 2012
India's Real Estate Companies have seen a very tough 3-4 years with interest rates climbing, investors running away from shoddy accounting and the global macro scene being quite bad. One needs only to look at the stock price chart to see times have been very bad. Besides some of these companies have come under court scanner for their practises with Unitech CEO spending some months in jail for a telecom scam. However property prices have not come down as India's real estate bubble seems immune from crises in the West and in India . Prices have more or less remained stable while other assets have seen a major carnage at one point or the other.
January 18, 2012
More Hedge Fund Employees were arrested by the FBI on Insider Trading Charges . Note Raj Rajaratnam the high profile hedge fund manager of the technology hedge fund is already cooling his heels in jail after being convicted of insider trading by paying money to company and insiders for illegal information. A number of low rung employees have also been jailed for lesser terms. His friend Rajat Gupta who was a former Mckinsey chairman is also facing charges which may result in conviction for passing confidential information to Rajaratnam.
January 14, 2012
The Indian Solar Power has been one bright spot in the gloomy infrastructure and engineering sectors in 2011. With share prices crashing with growing corruption, land acquisition and financing problems, Solar Energy has surged in India thanks to government support and subsidies . While a number of Green Technology companies have started up to capitalize on the growing renewable energy trend, the established constuction companies in India have not been far behind . While utilities like Tata Power, Adani, Reliance Power, NTPC have already built or are setting up power plants based on solar panels , L&T has become a major solar EPC players . L&T is now raising debt with a $100 million issue to fund its solar expansion plans .
January 11, 2012
Green Jobs in India is going to grow at a high double digit rate driven by the Real Estate and Construction Industry. The hiring will be done by Real Estate Companies in India looking for Energy Efficiency and Green Building professionals. Note the Green Industry globally has had a torrid 2011 with most of the major sectors like wind, solar, biofuels and lighting facing oversupply amidst slowing demand due to global macro problems. However the Green Industry has a great fturue driven by secular drivers like
January 11, 2012
The rising income inequality throughout the world is sowing seeds of dystopia according to a report released by World Economic Forum. The biggest risk amongst the 50 risks listed is the increasing wealth gap between individuals in all countries. Gini's coefficient has risen in most countries developing as well as developed and this has a strong correlation to globalization. The global artitrage of labor has tilted the scales towards capital and increasingly made wages become stagnant. Developing countries with weak institutions are showing income inequality in horrific forms with $2 billion homes existing in the middle of millions surviving on less than $2 day. US has already seen the OWS movement as a result of this increasing income gap between the have and have nots. Middle Eastern countries have also seen revolutions brought upon by the massive riches of the elite compared to the rising poverty of the poor and even the middle classes.
January 9, 2012
Note blatant pump and dump IPO's have made the Indian market a heaven for stock market operators.Despite this going on for years,only recently SEBI has taken some steps against the manipulartion of the primary market.Now SEBI has taken some steps in the Insider Trading case as well by fining executives of JP Associates and Ranbaxy both of which are constituents of the Indian main stock market index. However a mere fine will not do to deter insider traders.A big jail term for a insider trader will make white collar criminals think more in indulging in criminal activity rather than small fines .