Companies From Both India and Sweden

IT is one of the key areas that have grabbed attention of companies from both India and Sweden, as both sides have their own expertise in this area. Perhaps, that’s the main reason for nine out of top 10 Indian IT companies have set up their operations in Sweden. The listincludes the names like Tata Consultancy Services, WIPRO, Infosys, L&T Information Technology, HCL Technologies and Cellnext Solutions. Hosting one of the most internationally integrated economies in the world, Sweden, comes as a catalyst to Indian businesses targeting Baltic region.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

Italian Banking Sector

According to Christian Scarafia , Senior Director, Financial Institutions, Fitch Ratings, “The merger would create the largest domestic banking group in Italy with a strong nationwide franchise and a market share exceeding 20%.” The performances of Banca Intesa and Sanpaolo are strong, as the banks registered a whopping 46% and 56% (year-on year) rise in net profits respectively during the quarter ended March 2006. The present merger is likely to push M&A activity in the Italian banking sector – already rumours related to Capitalia, Monte dei Paschi di Siena, and Banca Popolare Italiana have started mounting their head.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

BUSTING BUBBLE MYTHS

There is a rampant fear of a bubble being developed in realty. Residential prices across all the Tier 1 cities have nose-dived by 20-25% over the last couple of months. So is this supposedly evergreen sector now facing a downturn? Dr. Tobias Just explains, “We don’t see a countrywide speculative bubble; rapidly growing markets are prone to temporary overheating. Relatively low liquidity of real estate and high mobility of investor capital are important ingredients for developing asset bubbles.” However, at the moment, prices have gone down, so what’s the prime reason? Ankur Srivastava explains, “Home loan rates have risen by almost 150-200 bps in the past nine months, making home loans costlier. Also, as the under-construction projects near completion, speculators shall be faced with increased pressure to pay remaining instalments on the residential properties purchased by them.” Despite the recent developments, trade pundits are very upbeat about the sector, especially on the office space frontier. Prices in future in all probability are going to shoot up. This is surely not the end of real estate boom; it is just the beginning...

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006