Credit risk | CHINDIA ALERT: You'll be living in their world, very soon

Chindia Alert: You’ll be Living in their World Very Soon

aims to alert you to the threats and opportunities that China and India present. China and India require serious attention; case of ‘hidden dragon and crouching tiger’.

Without this attention, governments, businesses and, indeed, individuals may find themselves at a great disadvantage sooner rather than later.

The POSTs (front webpages) are mainly 'cuttings' from reliable sources, updated continuously.

The PAGEs (see Tabs, above) attempt to make the information more meaningful by putting some structure to the information we have researched and assembled since 2006.

E-commerce boom spurs record demand for VRL Logistics IPO | Reuters

A $75-million market debut for Indian parcel delivery firm VRL Logistics Ltd IPO-VRLL.NS has encountered record demand, drawing bids for more than 70 times the number of shares on offer late last week, as investors bet on an e-commerce boom.

Subscription levels were the highest in nearly eight years, stock exchange data showed, roughly the highest since the global financial crisis hit.

Analysts said strong demand was helped by the successful listing of renewable energy firm INOX Wind (INWN.NS), which has lifted primary market sentiment, and growing demand for logistics services as Indians buy more online.

The sale received bids amounting to 74.26 times the number of shares on offer by the last day on Friday, stock exchange data showed.

via E-commerce boom spurs record demand for VRL Logistics IPO | Reuters.

Posted in eCommerce, Economics, India alert, logistics | Leave a Comment »

Tags: Asset management, Borse Dubai, Central bank, China, Credit risk, CSI 300 Index, Exchange rate, Financial crisis of 2007–2008, International Monetary Fund, record demand, stock exchange data, VRL Logistics, VRL Logistics Ltd

06/05/2014

Weak Economy Means There’s More Room at India’s Hotels – India Real Time – WSJ

The subcontinent’s fanciest hoteliers are plumping their pillows for fewer guests as the economy takes a toll on travel.

Corporations are chopping their travel budgets. Foreign tourism isn’t what it used to be. And there was an oversupply of hotel rooms in India to begin with.

For reasons like these, hotels particularly at the higher end of the business will be facing “muted revenue growth, stagnated profitability and elevated credit risk” in the fiscal year that started April 1, a rating agency said.

Premium hotels, a category that includes five-star and four-star properties, are feeling most of the pain, according to a report from India Ratings & Research, a Fitch Ratings Inc. firm. They get about two-thirds of their business from corporate and foreign travelers.

“The demand slowdown has put pressure on occupancy and average room rate across major cities,” the report said, limiting hotels’ ability to pass along rising costs due to inflation.

India currently has around 100,000 hotel rooms in what is called the “organized” sector (which excludes myriad smaller and often cheaper properties), as well as an additional 85,000 to 90,000 rooms being built. Weak demand has led many hotel companies to delay new projects and even shelve 40% to 50% of new-hotel construction proposals due to the slumping business, rising financing costs and increase in construction costs, Chandan Sharma and Salil Garg, analysts at Indian Ratings, said in the report.

via Weak Economy Means There’s More Room at India’s Hotels – India Real Time – WSJ.

Posted in Affluence, Economics, India alert | Leave a Comment »

Tags: Asia, Business, Credit risk, Fitch Ratings Inc., Hotel, hotel rooms, hotels, India, India Ratings & Research, manmohan singh, Travel and Tourism, travel budgets

11/02/2014

Indian Election Not a ‘Game Changer’ – India Real Time – WSJ

A new Moody’s report argues that the biggest event on India’s political calendar this year will be neutral at best for the country’s creditworthiness—although, at worst, it could heighten existing risks.

India’s national election, due before the end of May, is dominating the country’s newsstands, and has put a freeze on many major policy and investment decisions. Perceptions that the Bharatiya Janata Party’s popular prime ministerial candidate, Narendra Modi, is pro-business have buoyed Indian stock markets even as corporate earnings have disappointed.

But the New York-based credit-ratings agency says the contest between the governing Congress party and the BJP will hardly be decisive for India’s economic prospects.

A strong showing by either of the two major parties “would not be a near-term game changer,” it says in the report. The correlation between economic performance and the party in power is historically quite weak, it notes. What could be a bigger influence is the state of the global economy. Factors such as the budding recovery in the U.S. and Europe, the shaky economic outlook in China, and the Federal Reserve’s withdrawal of monetary stimulus will continue to buffet India and many other big emerging markets.

via Indian Election Not a ‘Game Changer’ – India Real Time – WSJ.

Posted in Elections, India alert, Internal politics, Politics | Leave a Comment »

Tags: Bharatiya Janata Party, China, Credit risk, Federal Reserve System, India, Indian National Congress, Moody's Investors Service, Narendra Modi

CHINDIA ALERT: You'll be living in their world, very soon

Chindia Alert: You’ll be Living in their World Very Soon

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E-commerce boom spurs record demand for VRL Logistics IPO | Reuters

Weak Economy Means There’s More Room at India’s Hotels – India Real Time – WSJ

Indian Election Not a ‘Game Changer’ – India Real Time – WSJ

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