India

Emerging Markets

India cuts corporate tax in US$20 bil boost to growth

(Sept 20): India cut tax on local businesses to one of the lowest rates in Asia, while providing a more than US$20 billion ($27.5 billion) boost to revive economic growth from a six-year low.

Currencies

Emerging Asia’s US$5 trillion reserves put to test in currency war

(Aug 7): It used to be that a buildup in foreign reserves was seen as a bulwark against currency shocks and swift turns in investor sentiment.

Global Economy

Briefs

SINGAPORE (July 8): “Large organisations respond to leadership, not administrative heads and not managers but leaders, and Iacocca was a brilliant leader.” — Long-time car industry executive Bob Lutz, describing his mentor Lee Iacocca, who led Ford,

Tech

The US$84 bil dilemma vexing India's three telecom tycoons

(June 20): After racking up US$59 billion ($80.2 billion) of net debt to survive a brutal war in the world’s second-biggest phone-services market, some of India’s billionaires are bracing for more as their next battle looms: 5G.

Disruption and Digitalisation

Cashless India could be a model for the world

(June 6): India aims to curb cash – but this time it wants to do it properly.

Global Economy

Briefs

SINGAPORE (May 27): “We believe that the president of the US is engaged in a cover-up.” — US House Speaker Nancy Pelosi, following a meeting with other Democratic Party leaders on whether or not to impeach US President Donald Trump.

Fake News

Alarming lessons from Facebook's push to stop fake news in India

(May 21): The world’s largest election has become something of a test case in how technology giants handle fake news after years of scandal. It’s not working out so well.

In print this week

Nervousness takes hold as election draws to a close; domestic demand continues to rise

SINGAPORE (May 20): The Tantallon India Fund closed down 1.89% in April weighed down by the rupee and another bout of risk-off as crude prices spiked on US President Donald Trump’s decision to further limit Iranian oil exports and the Druzhba pipeline d

Global Economy

India's economy holds shaky crown as risks build

(Sept 3): India’s world-beating economic growth is running up against some big risks: high oil prices, emerging market stress as the era of easy money draws to a close, and policy paralysis in the run-up to next year’s federal election.

Broker's Calls

Sembcorp Industries upgraded on emergence of value & limited downside

SINGAPORE (June 29): UOB Kay Hian is upgrading Sembcorp Industries (SCI) to “buy” from “hold” on limited downside and an improving outlook in India.
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