Foreword Before August 19, the last time the Sensex index touched 18,400 was just after its all-time peak of January 2008. India’s capital markets had just recorded the country’s biggest IPO and confidence was running high. Of course, the Reliance Power listing proved to be a disaster and the markets collapsed. Is it different this time? India has much to crow about. Solid economic growth and a stable political environment have combined to draw crowds of international investors to its capital markets, while the country’s corporate leaders are...Read more
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India is one of the few economies that can boast a problem the rest of the world would love to have. Growth is good, but is it too good? Having emerged unscathed from the global crisis, India must now deal with inflation.
India’s rupee loan markets are used to playing second fiddle to their offshore counterparts, especially when it comes to high-profile international acquisitions. But domestic lenders are catching up fast.
The equity capital markets have come under intense scrutiny after a series of big public sector follow-ons and IPOs at the start of the year. After a string of disappointments, has India finally found the right formula?
Indian loan volumes are set to break records in 2010, thanks largely to a resurgence of merger and acquisition activity.
India’s domestic bond market has struggled to keep up with the exponential growth of rupee lending, but there are signs that issuers and investors are warming to the idea.
India’s central bank released a controversial draft of securitisation rules in June that market participants warn may kill off an industry that was just starting to thrive.
Investment banks are fighting it out to attract - and retain - top talent as competition in the Indian market becomes ever more intense.
The deal faced a number of challenges and required two years of planning, but Standard Chartered’s Indian listing created a new funding alternative for foreign companies with large local operations.
Essar Energy’s London listing marked a key moment in the overseas expansion of India’s biggest companies. However, the deal also highlighted the challenges in bringing a big emerging markets IPO to the mature UK investor base.
Infrastructure and power group Adani raised US$850m in July in the biggest institutional share placement of the year, highlighting the depth of demand for Indian equities and the appeal of the country’s infrastructure sector.