October 20162018-10-30T12:55:12+00:00

October 2016

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October 2016

So Donald Trump “is a big fan of India and a big fan of Hindu (sic)”; is he? At a gathering of about 5,000 American Indians at New Jersey’s Raritan Center, addressing what was probably the first country-specific ethno-religious rally by a US presidential hopeful, the Republican candidate promised a “phenomenal future” for Indo-US ties and said that under a “Trump administration”, the two countries “are going to be best friends”.

This is the first time that Trump has spoken about his vision for the country's relationship with India and has tried to tick all the right boxes. But American Indians remain wary of him, given his earlier protectionist rants, which, if taken...

R. Chandrasekhar is the president of the National Association of Software and Services Companies (NASSCOM), the premier trade body for the Indian IT-BPO sector. In this exclusive interview with ‘India Global Business’, the former Secretary in the Indian government’s Department of Telecommunications delves into the trends in the industry, the future of robotics and how the Indian information technology sector can remain ahead of the curve.

The latest edition of ‘India Global Business’ tracks India’s quest for natural resources around the world and the various success stories. The Sector Focus this time is on the Banking & Finance industry and the Country Focus is on Australia.

Indian pharma firm acquires UK’s Actavis to beat Brexit gloom

Beats Mylan, Novartis, Torrent, Aurobindo to the post. Promoter says hungry for more

Almost inarguably, October 5th 2016, a Wednesday was the biggest day in the life of 53 year old Binish Hasmukh Chudgar, the highly low profile vice chairman of Ahmedabad based Intas Pharmaceuticals. That day in central London, Intas snapped up Israeli generic drug maker Teva’s assets in UK and Ireland—Actavis UK Ltd and Actavis Ireland Ltd—in a record $ 764 million deal (Rs 5083 crore) out muscling bigger global rivals like Mylan and Novartis or domestic competition like Aurobindo pharma and Torrent Pharmaceuticals in a bidding process that lasted over 6 months.

India-Afghanistan: A united front against terrorism

Manpreet Vohra took charge as the Indian Ambassador in Afghanistan last year and has already presided over some high-profile bilateral developments. The former Joint Secretary in the Ministry of External Affairs (MEA) has solid credentials behind him to handle the rigours of his latest diplomatic posting, also having served in the Indian High Commission in Pakistan. He took time out for ‘India Global Business’ to address some pressing questions as well as take stock of ties with Afghanistan, where India has invested over $2 billion in aid and reconstruction.

Post-Brexit UK has much to gain from Indian job creation

‘India Global Business’ reviews India’s growing investment interests in the UK as the second-largest job creator for the country. Official UK government statistics for 2015-2016 reveal India’s firm hold among the top three source markets for foreign direct investment (FDI) into the UK.

With the shadow of Brexit hanging over India-UK ties, the latest figures for Indian investment into Britain paint a fairly promising foundation for the UK to build on. As the country negotiates its terms of exit from the European Union (EU) and seeks to strike out stronger partnerships with other economies, there are clear reasons...

Easier visa regime a win-win for both US and India

Indian IT companies help US companies retain their global competitive edge. This is just one reason why it must roll back visa curbs on Indian IT professionals, argues ‘India Global Business’.

The trickle of bad news buffeting the Indian IT sector is slowly gaining critical mass. Infosys, Wipro and Cognizant, three leading software exporters, have cut their annual revenue guidance to 8.4 per cent from 12 per cent, citing macro-economic factors such as falling ticket sizes of deals, Brexit and a frustrating inability to scale up the skill sets of their workforce.

We are at a defining moment in British history

Jitesh Gadhia is one of Britain’s newest peers and made worldwide headlines recently when he marked his entry to the House of Lords by swearing his oath of allegiance to Queen Elizabeth II on a copy of the ‘Rig Veda’ – the ancient collection of Vedic Sanskrit hymns dating back to around 1,200 BC. ‘India Global Business’ caught up with the 49-year-old investment banker of Gujarati-origin to delve into his new role, India-UK ties and the post-Brexit scenario.

What India wants from the next US President

In a world where Americans seem split on the advantages of globalisation and liberal trade, we look beyond the wish-list politics of the past to see what a new American regime could mean for India.

What would India want from the next president of the United States? In years and elections gone by, that question would have been answered with a wish list of bilateral agreements and country-specific demands. In 2016, in these troubled and confused times for the global polity and economy, the answer is wider: the new president should renew...

Brexit a huge opportunity for new India-UK deal

Shailesh Vara MP was elected to the British Parliament in 2005 and has held a number of senior positions, including former justice minister and former work and pensions minister. Prime Minister Theresa May recently appointed him co-chairman of Conservative Friends of India (CFI) alongside Ranjit Singh Baxi. ‘India Global Business’ caught up with him to discuss his priorities in a new post-Brexit scenario.

CLMV offers India Inc fantastic opportunities

Cambodia, Laos, Myanmar and Vietnam, a sub-bloc within ASEAN, are all former socialist economies transitioning to the market. India can help this process and increase its economic and strategic footprint across South East Asia.

The acronym CLMV would have elicited blank or quizzical looks at most gatherings even a few years ago. It is still not the stuff of regular cocktail circuit chatter, but many more people now know that it stands for Cambodia, Laos, Myanmar and Vietnam.
Many will also know that these countries, all part of the ASEAN, also make up a sub-group that is of particular economic and strategic interest to India.

Indian IT: Glorious Past, challenging present and an uncertain future?

The Indian IT sector must reskill its workforce and move up the value chain if it wants to retain its dominant position in the world as well as its double digit growth rates.

On July 15, 2016 a sombre looking Vishal Sikka, the CEO and MD of Infosys Ltd, India’s second largest exporter of IT services announced the company’s first quarterly results. While revenue and profit were below market expectations, what surprised many was the downward revision of annual revenue growth forecast. Markets were swift to mete out punishment. The shares of the company crashed by about 10 per cent in a single trading session, wiping out nearly $3.5 billion in market capitalisation.

Who will be better for India – Hillary Clinton or Donald Trump?

If one goes by the views of the expat Indian community in the US, it’s a settled debate. A recent survey says an overwhelming 87 per cent of Indian Americans support Clinton, while a minuscule 6 per cent back Trump.

But a more detailed analysis of where they stand on issues of importance to India shows that the issue may not be as simple as that.

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