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“Guess which country had the fastest internet speed last year? Korea tops the list with internet speed 5.6x faster than the global average.  Impressive considering internet penetration is already 90.6% therefore this impressive speed was not because of low utilization.” Korea Tops in List of Internet Speed Korea ranked No. 1 in the world in terms of Internet speed last year, with its Internet speed…
In a continuing focus to diversify the Chinese economy away from manufacturing, China’s technology sector is growing rapidly.  In China’s “Silicon Valley”, there was an average of 49 technology startups daily last year!           http://www.theglobeandmail.com/report-on-business/small-business/sb-money/cash-flow/chinas-silicon-valley-spaking-49-tech-startups-a-day/article23402780/    
Emerging markets play a large role on the global economic stage Why Indian stocks keep soaring as optimism surges over the country’s growth potential EXCEL INDIA FUND The Excel India Fund, Canada’s longest running India fund, benefits from a unique tax efficient structure that is not constrained by Indian foreign ownership limits. Indian equity markets are expected to head higher on the back of positive…
India’s weight on MSCI Indices is expected to increase to 8.4%, from its current 7.6%. This is the expected outcome of the recent budget proposal to merge Foreign Institutional (FII) and Foreign Direct Investment (FII) limits on investing in India. This change would lead to an increase in the foreign investment limit in private banks in India to 74%. As a result, analysts expect private…
Toronto, Ontario, March 4, 2015: In an unscheduled move, the Reserve Bank of India (RBI) cut its benchmark rate by 25 basis points to further stimulate growth in the world’s fastest growing economy.  This is the second rate cut so far this year with the first cut of 25 basis points made on January 15. “This move will benefit the bond market which is expected to…
In summary: higher consumer savings will be a positive for domestic recovery, in particular FMCG (fast moving consumer goods), which in turn will boost corporate profits other positive earnings came from Private banking, NBFC and IT sectors expect a 15-18% GDP growth in earnings for next year believes that as the economy rebounds, the cyclical sectors, especially banking and autos will benefit banking sector will…
In an effort to reduce gold imports and prevent the drain of foreign currency used to acquire gold, India is planning to introduce a Sovereign Gold Bond as an alternative to purchasing gold. The government also plans to offer Indians who currently hold gold the option to monetize their holdings through an interest bearing gold monetization program. While details of the plan have not yet…
China’s Central Bank, the Peoples Bank of China (PBOC), cut its benchmark deposit and loan interest rates by 25 basis points, effective March 1, 2015 the second cut in less than three months. China previously cut interest rates, also by 25 basis points, on November 21, 2014 in a move that caught the market by surprise. As a result of the cuts, the benchmark one-year…
Good balance of fiscal discipline and targeted spending to benefit equity markets The Modi administration's first annual budget, presented on February 28th, reaffirmed the government's commitment to maintain aggressive pro-growth and development policies, enabling India to remain on the path to become fastest growing economy in the world. The budget forecasts that the economy will grow by 8% - 8.5% in Fiscal 2016, compared to…
A very positive and a growth-oriented budget with a strong focus on infrastructure development, with a secondary emphasis on manufacturing, in order to build the nation. India Budget Fiscal 2016 Excel Investment Counsel Inc. A very positive and a growth-oriented budget with a strong focus on infrastructure development, with a secondary emphasis on manufacturing, in order to build the nation. Economy seen growing 8%-8.5% in…
Quick summary of the points made by JP Morgan’s Adrian Mowatt India offers the prospect of accelerating earnings growth with low inflation. It is a growth-oriented market and the medium-term outlook is attractive. Indian government debt has the potential for an upward re-rating with the prospect of accelerating earnings growth. The re-rating drivers mainly are the high GDP growth expectations, low inflation rates combined with…
Indian companies are expected to issue more corporate bonds in 2015 and are projected to surpass 2013 and 2014 levels, with a number of new issuers entering the market space.   According to Thomson Reuters data, Indian firms have raised US$5.40 billion* through short and long-term corporate debt in a little over a month and a half this year and are well on their way…

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