India’s GDP for Q2 FY12 grew at 6.9% (Bloomberg estimate: 6.8%). Core sector growth for the month of October dropped to a six year low of 0.1%. The core sector has expanded 7.2% last year (October 2010).
India’s food inflation for the week ended November 19 declined to 8%on a week-on-week basis from 9.01% for the week ended November 12 while fuel price index increased to 15.53% (15.49% last week).
Indian Prime Minister Manmohan Singh failed to break an impasse with opposition parties and his own allies demanding a rollback on FDI hike in retail sector. And as of today, this new policy has been put on hold to get agreement from opposing political parties. Continue reading Indian Economy and Capital Markets Review- 04Dec2011→
Mr Tulsi Tanti chairman of Suzlon has said that Suzlon Energy plans to focus on emerging markets, while its German subsidiary REpower Systems will address the developed markets under the new strategy to boost profits by increasing market share and cutting costs.
Suzlon Energy, which recently completed the acquisition of REpower, will embark on a new strategy from January to help the world’s third-largest windturbine maker increase market share to 9% by 2012-13 from 7% now.
In the short term, this would lead to a 2% improvement in market share and 2% improvement in earnings before interest, tax and depreciation margin. We would make an overall savings of $200 million in the next financial year (2012-13). The process of acquiring 100% in REpower Systems went on for almost four years since Suzlon first acquired stake in the company in 2007. Continue reading Tulsi Tanti states the role of REPower in Suzlon Growth Strategy→
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