Sam Walsh, CEO of London-based Rio Tinto Group has had three discussions with Indian Prime Minister Narendra Modi on the planned $500 million Bunder diamond mine in the state of Madhya Pradesh in central India, and the Odisha iron ore project in eastern India. “We’re waiting for approvals, forestry and...
Mutual Funds Were up 47% in 2014
A review of performance for various asset classes for the year 2014 by USA Today, states that equity mutual funds and stocks have performed exceptionally well. Overall, India equity funds have gained 47.1%. Numerous ETFs focusing on the country have also been up considerably on optimism surrounding the election victory...
Modi’s "ambitious vision" for Nuclear Energy
Indian Prime Minister Modi and Russian President Putin signed an agreement whereby Russia plans to build a number of new nuclear power plants in India, cooperate in the joint extraction of uranium and in the production of nuclear fuel and waste elimination. Modi said that the two countries had set...
India Growth Rate to Surpass China in 2016 Says Goldman Sachs
Goldman Sachs is predicting that after more than 15 years stuck in China’s slipstream, India could surpass China in the next two years in terms of real gross domestic product expansion. A recent report from the American investment bank projects India’s real GDP growth rate will remain behind China’s this...
The Strongest BRIC? India?
Of all the fast-growing BRICS countries, only India stands strong right now according to an article in Business Insider. It says "While much of the world is in a dark place economically — Brazil is embroiled in a corruption scandal, sanctions continue to constrain Russia's economy, China is slowing down,...
Fairfax Financial Holdings’ Strong Focus on India
Prem Watsa, known as the Warren Buffet of Canada, plans to invest at least $1 billion in India as part of a consortium. Watsa’s company, Fairfax Financial Holdings has already invested $27 billion worldwide. The IIT Madras alumnus left India 42 years ago and is counted amongst the wealthiest individuals...