<< In... << Former Wipro Vice-Chairman...
FIIs ready to bet on India again, after forgetting Satyam

Neha Dhamija


Six months ago, the portfolio investors were quite pessimistic about the earning potential of Indian companies but the attitude has shown a favorable change since then.


According to Citi Investment Research’s MD and Research head Aditya Narain, FIIs were concerned about the oil prices in the nation. But now when the rates are coming down, a beneficial variation is expected. He also added that although a fast recovery is not very probable; but the dipping cost of fuels will definitely exert a similar effect on the current account deficit. The magnitude is believed to be less than $10 billion in FY 10.


Narain said that it will take some time for the consequences of global crisis to get vanished completely but policy changes being introduced by the government will pay-off. So, a healthy growth rate is anticipated in FY10. Talking about Satyam, he opined that the episode has been sinister in every sense, but such things have happened in other countries too. So, bouncing back will occur, for sure. The negative effects will be limited to that stock itself. Prior to the revealing of fudged accounts, Citi had labeled the stock as ‘buy’. Now when this has come out, it has stopped the coverage of stock.

 
Latest E-youth
Insurance Organize your Financial Affairs
Insurance is a legal risk management contract between two parties to transfer the potential loss from insured to insurer. More..
Grameen Bank A Boon to Economy
After years of efforts to eradicate poverty in the third world economies, the Grameen bank has finally come up with certain helpful policies for the poor and needy section of the economy. More..
what is an open economy
An open economy is a type of economy that is largely free from all trade restrictions and allows unbound trade practices with other economies of the world. More..
Japanese economy and its economic growth
Japanese economy is tagged as one of the leading economies of the world that stands second in the list. Its high-tech expertise and high quality products are famous worldwide that make this economy a major More..
India's business prospects and economy
In this critical state of depression, Indian economy has still managed leading the list of developing countries that bestows healthier business opportunities even in this tough time. It came as a surprise to some that according to a recent Indian economy analyst's More..
Economic Indicators of Recession
Recession in an economy, in general terms is described as a situation when an economy features slow economic activities, faces decline or no income situations. During this period the economy also suffers a steep fall in GDP growth rate, which tends to worsen situation further. The American economy is More..
Key Impacts of Recession in Economy
Recession is the prime story of the global economy since last few months. The economy is facing an uninterrupted downfall that has further sent invites to many disastrous results. These outcomes have gripped badly the international economy status that More..
Relevance of Economy News
With the increase in liberalization, privatization and globalization of the economies, people of a given nation are more involved and thereby make greater contribution to their country's economic More..
Key Indicators for Economic Growth 
The 'most recognized' indicators used for assessing a nation's economic growth are 'GDP' (Gross Domestic Product), 'GNP' (Gross National Product) and Balance of Payments. More..
Gross Domestic Product (GDP) - A Primer
In addition to being one of the most useful and trusted indicators of a nation's economic growth since decades, GDP also hints at the standard of living which the people of the country share. More..
   Contact Us | About Us   Copyright © 2008 EconomyNews.in