The inflation rate in the Indian Economy has come down to 0.48 percent after rising for three consecutive weeks. The Wholesale Price Index (or WPI) slowed down to 0.48 percent, mainly because of fuel prices. Though international crude oil prices have increased in the last one month, it is still less than year-ago prices leading to nearly 0.8 percentage point decline in fuel index that accounts for 15 percent of the WPI. The inflation rate as measured by the WPI stood at 0.7 per cent for the previous week ended 25 April and it was 8.73 percent for the corresponding week in 2008. Continue reading Indian Economy: Inflation Rate Down to 0.48 percent
Indian Power Sector Poised For Strong YoY Growth
We all understand that increased power generation is critical to the infrastructure and development of India. As you may know, India has one of the lowest per capita electricity consumption in the world. Despite generation capacity growing 100 times since 1947, the supply has continuously trailed behind demand, with an average gap of 9%. Continue reading Indian Power Sector Poised For Strong YoY Growth
Participatory Notes (P-Notes) For India Foreign Institutional Investors
Participatory notes (PNs / P-Notes) are instruments used by foreign investors that are not registered with the SEBI (Securities & Exchange Board of India) to invest in Indian securities. Participatory notes are instruments that derive their value from an underlying financial instrument such as an equity share (derivative instruments). SEBI permitted FIIs to register and participate in the Indian stock market in 1992.
Indian based brokerages buy Indian-based securities and then issue PNs to foreign investors. Any dividends or capital gains collected from the underlying securities go back to the investors. Continue reading Participatory Notes (P-Notes) For India Foreign Institutional Investors