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Country Profile: India

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Sat Jul 31, 2010 17:09:22
Saturday July 31, 2010
3:13pm
Two Bangladeshi nationals held
AGARTALA: Two Bangladeshi nationals have been arrested and several fake documents were seized from them at Sonamura along the India-Bangladesh border in West Tripura district on Friday. On a tipoff, ...
3:02pm
High-Frequency Programmers Unhappy Making 6-Figures; Investors Punish Corporate Expansion Plans; Chinese Bank Turmoil; India Develops $35 laptop
Here is some weekend potpourri to ponder, covering a wide variety of global economic topics.

India's $35 Laptops

India develops world's cheapest "laptop" at $35
India has come up with the world's cheapest "laptop," a touch-screen computing device that costs $35. India's Human Resource Development Minister Kapil Sibal this week unveiled the low-cost computing device that is designed for students, saying his department had started talks with global manufacturers to start mass production.

"We have reached a (developmental) stage that today, the motherboard, its chip, the processing, connectivity, all of them cumulatively cost around $35, including memory, display, everything," he told a news conference.

He said the touchscreen gadget was packed with Internet browsers, PDF reader and video conferencing facilities but its hardware was created.....
2:57pm
From:
BoI returns to profit growth path, net up 24%
Topics:India, R S Corporation Ltd.
After a decline in profit for three successive quarters, state-owned Bank of India (BoI) has reported a 24 per cent increase in net profit to Rs 725 crore for quarter ended June 30 as compared with Rs 584 crore in the same period of the previous year.
2:56pm
From:
India, US sign final nuclear pact, prepare for Obama visit
Topics:India, USA
The stage has been set for a four-day November visit to India by United States President Barack Obama with the signature on Friday of a nuclear reprocessing pact that finally eliminates all obstacles and allows US companies to commence nuclear trade with India.
11:23am
From:
From OpenWebAsia In Kuala Lumpur: South East Asia’s Web Under The Spotlight

Earlier this month, I attended OpenWebAsia – South East Asia (South EAsia/a>) in Kuala Lumpur/Malaysia, a two-day tech and web industry event that attracted over 350 international attendees. The event shined a spotlight on a market that’s still largely overlooked: a whopping 600 million people live in South East Asia, which boasts a rapidly growing web and mobile population.

What follows is a short summary of just a few presentations, panel discussions, and startup demos I witnessed at OpenWebAsia (those with a focus on Asia only). I will update this article with more material once it becomes available (find the agendas for day one and two here and here.....

9:00am
From:
The CIVETS: Windfall Wealth From the ‘New’ BRIC Economies
Forget the BRICs... the term coined by Goldman Sachs economist Jim O'Neill coined to identify the potential of the emerging economies of Brazil, Russia, India and China.

There's a new acronym in town: CIVETS.

Haven't heard of it? You will.

It refers to Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa... the new kids on the block that promise to deliver even bigger windfall wealth than the BRICs ever did.

But, only if you pick the right markets at the right time...

Read on to find out where the
.....
8:48am
From:
Huntsman to Purchase Chemicals Business of Laffans Petrochemicals Ltd.
THE WOODLANDS, Texas, July 31 /PRNewswire-FirstCall/ -- Huntsman Corporation (NYSE: HUN) today announced that the company has entered into a definitive agreement to acquire the chemicals business of Laffans Petrochemicals Ltd. Located in Ankleshwar, India the Laffans chemicals business manufactures
6:00am
Special Report: New CEO Dudley Isn’t the Long-Term Answer at BP, Expert Says
When readers ask me how Dr. Kent Moors could be up nearly 60% on a portfolio that he only launched July 6, I don't give them an answer.

I tell them a story.

When the BP PLC (PLC/a>) (NYSE ADR: BP) CEO-replacement saga began to unfold earlier this week, and the Money Morning news team was working the story, I contacted Dr. Moors to ask him if he knew anything about anointed successor Robert Dudley.

With that response, Dr. Moors underscored, yet again, why he's the ultimate energy-sector insider: He doesn't just know about Dudley - he actually knows him.
.....
12:00am
From:
Indian tea prices jump on thin supply
Topics:India
MUMBAI: Tea prices jumped this week in India, the world’s second biggest producer, as supplies shrank due to a pest attack in the biggest producing re
12:00am
From:
Used vehicles
Topics:Pakistan, India, Thailand
LAHORE: Pakistan has more liberal import policy for the used cars as compared with India and Thailand that impose high tariff plus non-tariff barriers
Friday July 30, 2010
9:01pm
939 infiltrators held along Indo-Bangla border till June 2010
Topics:Bangladesh, India
A total of 939 infiltrators have been apprehended along the Indo-Bangladesh border by security personnel this year till June. "Even though there are no significant incidences of infiltration on India... (India)
7:38pm
From:
Blind Item: Which Editor of Valleywag Needs to Resign? Right Now.

Criticising Valleywag in 2010 is something of a pointless exercise, like offering diplomatic counsel to the Ottoman Empire ten years after the Treaty of Lausanne. More pointless still, attacking the site’s titular editor Ryan Tate is like appealing to the guy responsible for writing parking tickets in Constantinople.

I mean, I get that.

And yet despite the irrelevance of Gawker’s saddest sub-domain and the tragic impotence of its editor, the influence of its parent means that when a Valleywag story oozes its way on to the front page of Gawker.com, it’s important to take notice. And to mop it up so that no-one slips.

Here goes then.

Background:

Some time on Tuesday afternoon, Ryan Tate woke up and padded over to his laptop to.....

6:34pm
From:
InMobi Wants The World With Its Mobile Ads, Not Just The U.S.

Today at our Social Currency CrunchUp in Palo Alto, CA, James Lamberti, VP of Global Research and Marketing for InMobi, sat down with our Michael Arrington to tell us a bit about mobile advertising.

InMobi is the largest independent mobile ad network in the world. Overall, they’re number two behind Google’s AdMob. That earned them an $8 million investment from Kleiner Perkins and Sherpalo Ventures a couple weeks ago. But what’s particularly interesting about InMobi is how well they’re doing outside the U.S.

Out of inMobi’s 16.9 billion mobile ad impressions globally, 2.6 billion are in Africa, more than the US’s 2 billion. 10 billion are in Asia, no surprise considering.....

6:23pm
Emerging Market ETFs Keep Rolling, U.S. Stock ETFs Stuck In Neutral

U.S. stocks had a blockbuster month, as the S&P 500 garnered roughly 7.2%. However, the overwhelming majority of the benchmark’s gains came in the first 3 weeks; the index was effectively flat over the last trading week in July.

Fundamentally, a bullish perspective makes the most sense over the intermediate term. As many as 78% of S&P 500 corporations have exceded earnings expectations, while 68% or more beat revenue projections. Moreover, in spite of widespread economic uncertainty, a solid majority of key companies increased their outlook for future profitability.

How might this guide stock price direction? The forward price-to-earnings ratio for the U.S. stock barometer hovers near 13; that suggests a stock market that is… historically speaking… 20% undervalued from an average ratio of 15.5. The earnings yield E/P of 7.7% is an astonishing 4.7% higher than a 10-year treasury and 6.7% higher than comparable TIPS.

Technical analysis produces.....

India's
Market Performance
Sensex Index
Bombay Stock Exchange: 999901
17868.2891  2010-07-30
Change During the Last Day: -123.71-0.7%
India's Market Performance

Sensex Index - Bombay Stock Exchange:999901

Updated on: 2010-07-30
Currency: INR
Other India Market Indices:S&P CNX Nifty Index
NIFTY Midcap 50 Index
India's Performance Profile
Updated on: 2010-07-30
Currency: INR
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