Dr. Mark Mobius, executive chairman of Templeton Emerging Markets Group, an affiliate of San Mateo, CA-based Franklin Templeton Investments, expects India's Stock Exchange indices,the Nifty and the Sensex to double within the next three or four years. "This is due to the high growth rate of the country and a...
Templeton Buys $1.2 Billion India Government Bonds
New York City's Franklin Templeton Investments bought about $1.2 billion of Indian government bonds in two days end March. The purchases, made through broker JPMorgan Chase & Co, were largely for tenures maturing in 2021-2023. Since March 11, when Prime Minister Narendra Modi’s party won an election in the state of...