India Investment 2011
MUMBAI (Reuters)- Listed Indian companies and private-equity investors are being pushed into each other's arms by the plunge in equity markets and the rising cost of credit.
MUMBAI India's biggest private lender ICICI Bank is open to buying loan portfolios of European banks, its chief executive said, as banks in the region look to deleverage and offload loans to shore up capital base.
BANGALORE Indian IT services exporters are on track to increase Europe's share in their revenue and see only a short-term impact of the paralyzing debt crisis, top executives said at the Reuters India Investment Summit.
MUMBAI Investments into India's power sector are slowing despite a chronic electricity shortage that threatens GDP growth, executives told the Reuters India Investment Summit, due to coal shortages, land hassles and an inability by distribution companies to raise tariffs.
BANGALORE Infosys Ltd expects its third-quarter revenue growth closer to the lower end of its forecast as customers delay decisions on large contracts, its chief executive said.
BANGALORE (Reuters)- ABB India Ltd , a unit of Swiss engineering group ABB , sees continued growth in order inflows despite early-stage projects getting a little delayed, a top executive said on Wednesday.
BANGALORE Biocon Ltd , India's largest listed biotechnology company, expects to find a deep-pocketed global partner for its experimental oral insulin pill by end-March, its top executive said on Wednesday.
Cognizant Technology Solutions expects revenue from Europe to be significantly higher in coming years, as businesses look to cut costs and outsource more amid increasing uncertainty, a top executive said at the Reuters India Investment Summit.
MUMBAI U.S. private-equity giant Blackstone Group expects to invest roughly $500 million to $720 million a year in India over the next few years, a top official said on Tuesday.
MUMBAI Citigroup expects to boost its loans and deposits growth in India by about a fifth in each of the next two years, its India head said, as the U.S. bank enhances its focus on emerging markets.
NEW DELHI India's Maruti Suzuki may see declining sales volume in the current fiscal year as the country's dominant carmaker suffered heavy production losses due to a labor strike, while demand for cars remains weak in Asia's third-largest economy. | Video