The Congress led coalition in New Delhi is dancing with a fragile majority support in Parliament especially with the Communist parties clearly intending to pull out support. This delicate balance is a test for India and the whole world will watch the Indian democracy in action. Can Congress do it ? Will Manmohan Singh have his way ? This is will be a historic agreement with the US and rest of the world and clearly lay a foundation of the economic power shift in to BRIC nations. The agenda is open for BRIC to set it.
Garden Fountains, Hammocks & Pets Statue

Who is to blame ?

Consumption is growing as BRIC nations are growing at a rapid pace. Goldman Sachs has predicted it might hit US 200 per barrel. If this happens, we are going to see a huge crisis. Already signs of working out of home for people has begun. People are not going for a long drive any more. Airlines have a big problem of keeping the price aligned to the cost of fuel. Countries like India, where Oil is controlled by its Public Sector policies, can not afford to bleed the companies and has to increase the fuel price however unpopular it gets.

Only alternative is to track the traders involved in Futures trading and plan for alternate energy . It has to happen and it is time that a change in thinking and leadership are required to address this huge crisis.

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Who is good for BRIC nations ?

Both India and China will agree that George Bush (though not popular from the War point of view) has done good things for both the nations. George Bush’s policies has literally clamped the terrorist activities from Pakistan into India. Bush declared Dawood Ibrahim as a Global Terrorist, thus restricting his movements. All the money chains of various Jihadi organisations were sealed and monitored on a global basis. Similarly Bush has expressed that Taiwan will not demand Independence and will consider it as an integral part of China. Also the trade continued to flourish between China and US.

Indrotuctory offer on Bungalow Plates

John McCain definitely carries the George Bush legacy and he has to minimize spending in War and address domestic economy of US. He is a War hero and a knowledgeable man from legislative perspective.

Obama has rhetoric with him. If he can sustain this and engage an effective foreign policy, as he proposes, he could win back US popularity among Europeans, Asians, and rest of the world.

Great Statues at Great Prices
Irrespective of who wins, BRIC Nations are in a growth phase. All they need to focus is on their reforms and set an agenda for global trade and political issues.

Baidu is the most successful Search Engine Company addressing the needs of emerging China. Why cant there be a Microsoft, Yahoo, Google coming out of China and India. Alibaba is already the world’s largest Manufacturer to Seller portal platform for enabling cross border trade.

With about 3 billion combined population, both India and China offers a huge consumption market and people there are hungry for social networking, mobile/sms communications, Innovative gadgets, Very creative media,…

No wonder Silicon Valley VCs are buying the growth story of these two giant nations.

Financial Express reports
 The current turbulence in world financial Markets notwithstanding, there exists a positive attitude among private business owners in emerging economies, particularly in India and China, toward mergers and acquisitions, says a global survey.

“Privately held businesses (PHBs) in the fast growing economies such as mainland China and India see international M&A as one means of progressing up the value chain through acquisition of brands and distribution channels in North America and Europe,” Grant Thornton India M&A partner Pankaj Karna said. (more…)

Timesofindia reports 

India’s two leading conglomerates, Tatas and Mukesh Ambani-led Reliance Group, have made it to the league of the world’s 25 most innovative companies, riding on the cheapest commercial car Nano and an aggressive growth path, respectively.

In the list of world’s 25 most innovative companies released here on Friday, Tata group is ranked at the sixth position, while Reliance Industries is at 19th spot.

The list, published in the April 28 edition of BusinessWeek magazine that hit the newsstands on Friday, has been compiled by the US financial publication in collaboration with Boston Consulting Group.

Both Tata and RIL have made it for the first time to the annual list which is topped by Apple Computer, the maker of iPod music players and Mac personal computers.

Apple is followed by Internet search giant Google, Japanese auto major Toyota, industrial conglomerate General Electric (GE) and software behemoth Microsoft in the top five.

About Tata group , BusinessWeek said that “Mumbai-based conglomerate jumps onto our list for the first time, fuelled by its paradigm-busting 2,500 dollar ‘Nano’ car for the masses”.

“The car, from its Tata Motors unit, is the world’s cheapest, thanks partly to a distribution model that sells the auto in kits to entrepreneurs who assemble them for buyers.”

About RIL, it noted that “the Indian petrochemicals giant made it onto our list this year thanks to fans of its aggressive growth.

“But its ambitious plans to reach into grocery retailing, which is dominated in India by small shopkeepers who have rebelled against corporate entrants, have faltered,” it added.

Associated Press news in Yahoo

ZURICH, Switzerland - UBS AG’s chairman abruptly resigned Tuesday as the Swiss bank reported a first-quarter loss of $12.1 billion and said it would seek $15.1 billion in new capital.

UBS revealed more serious damage from exposure to the U.S. subprime crisis and said it expects write-downs of approximately $19 billion.

As UBS Chairman Marcel Ospel stepped down, Deutsche Bank AG, Germany’s largest bank, announced similar write-downs of about $4 billion.

It was the latest indication of how far the severe plunge in U.S. housing prices and a credit crisis triggered by rising mortgage defaults has reached.

UBS write-downs for the past nine months have reached $37.4 billion, the largest reported by any bank to date.

Standard & Poor’s cut the bank’s credit rating one notch to AA-, citing “risk management lapses, earnings volatility and need for new capital.” (more…)

Times of India reports 

The Government on Wednesday showered rich compliments on the Tata Group for acquiring Jaguar and Land Rover car brands and holding India’s flag high in the highly competitive international business.

“My congratulations to the Tatas and entire corporate world as they have held India’s private sector flag high. The world is looking at India,” Commerce and Industry Minister Kamal Nath said in New Delhi.

He said homegrown Indian firms have demonstrated to the global business how competent and progressive they have become even in the midst of a slowdown.

“The most important thing is that world is recognising India’s credibility”. (more…)

 India, along with emerging market peers China, Brazil and Russia, is expected to transform the global business landscape and will have a greater influence on the markets across the world by 2018, a study says.

The study by UK-based Chartered Management Institute looking ahead to 2018, predicted what the world of work and management would look like and examined how organisations can prepare for it.

“In the probable future, Brazil, Russia, India and China (BRIC) nations will have a greater influence on business markets and transform the business landscape,” the study said in its description of the the most probable picture of the world of work and management in 2018. (more…)

Times of India reports

Tata Motors has signed a deal to receive a $3 billion one-year bridge loan from Citigroup and JPMorgan to help finance a potential purchase of luxury brands Jaguar and Land Rover, sources familiar with the deal said on Tuesday. “It is signed, but it’s still at an early process,” said one of the sources, who was not authorised to speak to the media.

A separate source briefed on the deal later said the loan would be for one year. Citigroup, JPMorgan and Tata Motors all declined to comment. Tata is expected to agree on a deal by the end of the month to purchase the two well-known UK brands from US auto maker Ford Motor, according to reports in India.

The Indian firm could raise up to $4 billion on domestic and overseas debt markets, based on its previous announcements and media reports. Tata is believed also to need money to help pay for the manufacturing of the world’s cheapest car, the Nano, that it will launch in the second half of the year. But Tata will face a tough debt market environment, as a global financial crisis has raised the premiums demanded by investors, especially from riskier Asian issuers.

(more…)