Bangladesh recently witnessed violent protests by textile workers who are being forced to work for wages below $1/day even as inflation rages at more than 10% in that country.Bangladesh has recently seen increased outsourcing of garments with Chinese wages increasing.However the conditions for the textile workers has not improved as the salary levels for the […]
India’s primary market for stock issues has seen a lot of junk offerings in the recent past.They have led to big losses for investors naive enough to invest in such dodgy issues with fantastically bad fundamentals.The features of such IPOs have been that 1) They have failed to get subscribed which is a blessing in […]
Engineers India Follow on Offering (FPO) is a sequel to the government PSU divestment through stake sales in companies with low public float.EIL FPO is going to see a 10% dilution of the government equity in the company on top of the existing 9.6% public float.The 3.36 crore (33.6 million) shares are being offered in […]
Huawei and ZTE,the two Chinese telecom equipment makers keep making headlines for all the wrong reasons.These 2 firms have won over a large amount of marketshare in the past 5 years in the telecom equipment space through their lower priced products.However foreign countries view both firms with suspicion because of their close ties with the […]
India has ambitious plans for the growth of its Nuclear Energy Industry to meets its increasing Energy Demand.India’s Economy has been growing at a scorching pace over the last few years making the Energy Demand increase exponentially.Electricity Demand in India far outstrips the Supply with peak supply demand shortage in the 20% range.India’s government realizes […]
While their growth and margins are comparable to the private and foreign owned banks in India,the P/E multiple is much lower despite lower risks.The cause of this discount become apparent when you consider some of the loans these banks make.LIC had come under a cloud in nineties for making investments and loans to favored companies