International and Emerging Markets Blog
Monday, October 03, 2011
| Posted by: Grant Thornton
Categories:
India,
Interviews
| Tags: business,
tax,
Grant Thornton,
entrepreneurs,
HNWIs,
UK,
South Asia Group,
tax planning,
insight,
interview,
staff,
Meet our experts,
profile,
Q&A,
Harish Dass,
High net worth individuals,
entrepreneurial services,
Entrepreneurial Services Tax Team
“Our relationship with a client is one of ‘the trusted adviser’,” says Tax Manager Harish Dass. Which means busy entrepreneurs can get on with their business without having to consult a whole team of advisers. Here Harish talks about his work with UK entrepreneurs, many of which are of South Asian origin, and why tax should be top of everyone’s’ agenda right now.
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Saturday, July 16, 2011
| Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
India Watch,
UK,
South Asia Group,
AIM,
Capital Markets,
Hugh Sandeman,
liquidity,
PLUS,
main market,
raising finance
One of the first things that investors ask Indian companies planning a London listing is how this fits with their financial strategy. They’re not expecting a single answer to this question: it can make just as much sense for a domestic Indian power generator to go offshore and IPO in London, as it can for an Indian company with global ambitions and operations. But what investors do want to hear is that the Indian promoter is going to put his or her full confidence in the long term in the London market as the vehicle for growing their company.
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| Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
economy,
China,
India Watch,
growth,
UK,
South Asia Group,
Anuj Chande,
Capital Markets,
inflation,
Reserve Bank of India,
RBI
This halfway point in the calendar year provides us with an ideal opportunity to review India’s economic and political status over the past few months and also to look forward to what the remainder of the year might have in store.
There seems no better item to start with then what has now become a fairly routine announcement from the Reserve Bank of India (RBI). Last month the RBI raised interest rates for the 10th time in 18 months. The repurchase rate was raised by 25 basis points to 7.5% as the RBI continued to try and curb inflationary pressure. As with the first quarter of the year, wholesale-price inflation (around 9.1% year-on-year to the end of May) continues to be fuelled by high oil prices and strong domestic demand.
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| Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
economy,
Grant Thornton,
performance,
India Watch,
UK,
South Asia Group,
AIM,
IPO,
London listing,
share price,
PLUS,
capital markets,
main market,
raising finance,
equity
The Grant Thornton India Watch Index* showed the strongest performance in H1 2011 of all the major London indices, with a positive performance of 2.65%. This compares to FTSE 100 (0.78%) and FTSE AIM UK 50 (1.17%) and the falling AIM 100 (-8.54% ) and FTSE AIM All-Share (-8.10%).
Interestingly, since the start of the financial crisis in late 2008, the Grant Thornton India Watch Index has gained 142.85%, followed by the FTSE AIM ALL-SHARE (117.58%) and FTSE AIM 100 (112.46%) respectively, highlighting the sustained growth of the AIM market.
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| Posted by: Grant Thornton
Categories:
India,
India Watch Issue 13
| Tags: India,
India Watch,
UK,
Grant Thornton India,
South Asia Group,
South Asia,
legislation,
wealth,
companies,
Direct Tax Code,
Wealth Tax Act 1957,
Tax Act 1961,
ITA,
DTC,
individual,
laws
It is regarded by some commentators as one of the most substantial changes to India’s tax system and will have significant implications for companies operating in and out of India on a cross-border basis. The newly proposed Direct Tax Code (DTC) is to replace the existing Income Tax Act, 1961 (ITA) with effect from April 1, 2012. The DTC is being introduced to integrate all direct tax laws (ITA and Wealth Tax Act, 1957) under a single legislation, to simplify the language, to reduce the scope of litigation and to provide stability in direct tax rates. Below we highlight some of the proposed changes.
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Wednesday, June 29, 2011
| Posted by: Grant Thornton
Categories:
India,
Interviews
| Tags: tax,
India,
Grant Thornton,
HNWIs,
UK,
Grant Thornton India,
South Asia Group,
Anuj Chande,
interview,
Glasgow,
Edinburgh,
staff,
people,
Scotland,
Paula Fraser,
Meet our experts,
profile,
Q&A,
Asia
In the first of a new series, we’re introducing some of our key people at Grant Thornton and asking them about their work, and the issues facing their clients. First up is Paula Fraser, a tax director based in Glasgow, who specialises in advising businesses and individuals on tax but also works closely with the South Asia Group.
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Tuesday, June 28, 2011
| Posted by: Fiona Cullinan
Categories:
Interviews
| Tags: Grant Thornton,
South Asia Group,
emerging markets,
South Asia,
insight,
interview,
sectors,
staff,
people,
Meet our experts,
profile,
service,
Q&A,
China Britain Services Group,
contacts
Who is the person that assists overseas companies with an IPO listing on LSE or AIM? Or leads on a M&A transaction for a UK firm expanding into India? Or who advises on China tax compliance? In a new series for the International Markets blog, we interview some key Grant Thornton people about their work…
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Tuesday, April 12, 2011
| Posted by: Grant Thornton
Categories:
India,
India Watch Issue 12
| Tags: business,
tax,
India,
investment,
finance,
economy,
Grant Thornton,
global,
governance,
India Watch,
growth,
UK,
infrastructure,
Grant Thornton India,
South Asia Group,
GDP,
South Asia,
economic,
inflation,
IT
The Union Budget 2010-11 was tabled in the backdrop of an improving economic scenario both within India and globally, but fiscal consolidation and expenditure discipline have still been rightly treated as the foremost priorities in this budget.
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| Posted by: Grant Summers
Categories:
India,
India Watch Issue 12
| Tags: business,
India,
investment,
finance,
economy,
Grant Thornton,
India Watch,
growth,
LSE,
UK,
infrastructure,
Grant Thornton India,
South Asia Group,
aim,
South Asia,
Fiona Owen,
Capital Markets,
FTSE,
IT,
India Economy
For the first quarter of 2011, the Grant Thornton India Watch Index* made a 1.19% gain, which proved to be the only index to perform positively in the quarter in comparison to the FTSE100, FTSE ASEAN, FTSE AIM All-Share, FTSE AIM 100 and FTSE AIM UK 50.
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Friday, January 21, 2011
| Posted by: Grant Thornton
Categories:
| Tags: business,
India,
economy,
Grant Thornton,
governance,
India Watch,
growth,
UK,
risk,
Grant Thornton India,
South Asia Group,
aim,
international,
South Asia,
Capital Markets,
mergers
Last year saw a public debate in respect of the UK takeover regime which ensued as a result of the acquisition of Cadbury by Kraft. Some of the market participants were of the view that the UK takeover regime made it too easy for hostile offerors (i.e. offerors whose offers are not from the outset recommended by the board of the offeree company) to succeed. In addition, some commentators felt that the outcome of offers, particularly hostile offers, was influenced unduly by the actions of the so-called ‘short-term’ investors (eg persons who become interested in the shares of an offeree company only after the possibility of an offer has been publicly announced).
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