Investing and Global Finance News

Tag Archives: India

US Businesses Pledge $45 Billion in Indian Investments

Prime Minister of India Narendra Modi is in the United States talking to some of the US’s most successful companies in order to persuade them to do more business in one of the world’s most populated countries. It looks like Modi has had some success, getting to company’s such as Walmart and Apple to invest at least $45 billion over the next two to three years in India.

The agreement was reached at a round-table discussion held in Washington DC between Modi and about 20 CEOs.

This is not Modi’s first success with American companies. Last year the Prime Minister was able to get top Silicon Valley players to try India. On Tuesday Modi sat with the CEOs of companies from a wide variety of sectors for 90 minutes. He told the CEOs that investor confidence in India is on the rise as the country is entering a growth mode.

“We will continue to make our tax policies more predictable. We have made major strides towards predictability by signing a number of Advance Pricing Agreements with the United States. At the same time, like the US, we are cracking down on tax evasion and unfair tax avoidance,’’ Modi said.

India Friending Facebook at a Frenzied Pace

Now that the much anticipated Facebook IPO is behind us it is possible to discuss where Facebook might be heading in the years to come. Many countries already have Facebook penetration at near or greater than 50 percent, including the United States, Britain, Canada, Australia, Malaysia and others; making it likely that growth in these… Continue Reading

Drugs Are Good Money!

GlaxoSmithKline PLC (GSK:LN) is a giant drug manufacturing and distribution company. It is traded in London and in America. While the American stocks are going up slowly they also pay quarterly dividends. However, the English stocks are doing very well. They have gone up from 1,096 English pounds in February to 1,373 pounds last week.… Continue Reading

Goldman Sachs Expansion in India

This spring, Goldman Sachs announced that it would be acquiring the Benchmark Asset Management Company, which is an asset management company in India.  While the terms of the transaction were not disclosed, this is certainly interesting information both for Goldman Sachs, and for business in India. Founded in 2001, Benchmark Asset Management Company is the… Continue Reading

Global Growth

Which Countries Are Participating? It seems like there are some countries with all the money and others that have none. That might not be so far from the truth; at least, until recently. Currently, there are six “emerging economies” which are likely to “account for more than half of all global growth by 2025.” These… Continue Reading

New Delhi: New Deal

Reliance Industries Goes for Big Bucks Reliance Industries Limited (RIL) is looking into developing partnerships with “global players” in New Delhi in an attempt to get some of the big bucks the country is making in the area of financial services. RIL in India is the country’s biggest “private sector enterprise, with business in the… Continue Reading

Fragile Finances Far aField

It looks like the global economy is still on the road to recovery. Problem is, that road might be getting somewhat slippery according to Jan du Plessis (chairman of Rio Tinto). He says that markets around the world, “remain fragile.” He spoke about this at today’s yearly miner’s meeting that took place in Perth. Although… Continue Reading