Business activity in India’s services sector reversed to an expansion in July from a contraction documented in June. The IHS Market Services Purchasing Managers’ Index (PMI) increased to a one-year high of 53.8 in July, from 49.6 in June. A PMI reading above the 50-mark separates growth from contraction. Inside a rub-off, work indices and optimism among services provided showed a month-on-month improvement in July.
That said, this euphoria may be short-lived. It is because India’s domestic consumption demand and investment scenario are unlikely to visit a massive recovery in the near term. Also, on the global front, there are fresh doubts regarding the US-China trade battle. According to Ambit Capital Pvt. Ltd, both consumption and investment growth are likely to come under great pressure in FY20, so a turnaround shows up distant as of this true time.
- 1,361,284 27,662 1,388,946
- 50,000 shares of Keppel KBS US Reit yielding 6.8%. My IPO write up is here
- 5 7.94% 38.43% 35.89% 2.54%
- Opening of the marketplaces to foreign investment
- Will give a statement that is fair and constant
- 1 BIG reason you need to consider it…
- The longer the life of the investment: (Points: 5)
In one offer you may be pitted against somebody, then the next day it’s you and that person pitted against yet another person on another deal. There are several non-numerical conversations, though, with my credit division, it’s not just the quantities. Reputational issues can sway them, sometimes, to approve an offer – if you can make the case that not achieving this deal would harm the bank’s standing. We don’t have individual budgets, indicating no one in my own bank or investment company has lots behind their name, saying: this person made ‘x’ million pounds for the lender.
It’s all about the team, the amount of offers they made, their size etcetera. Where things go wrong with SPVs is when people aren’t scrupulous. You can do funny things with them certainly, if only because SPVs do not go on a company’s balance sheet – so they don’t really count towards the total maximum risk that may be used on. For international deals we often use so-called export credit reporting agencies (ECAs).
Many governments have these. They finance exports using their countries, for instance they could lend you part of the money required for a project including their sectors, and another agency may provide insurance for another part of the loan. It has a great impact on major deals about, say, gas fields or power stations.
A Japanese company might build the best turbines while a Chinese company builds the least expensive. Now, if Japan ECAs offers funding facilities at good prices really, the Japanese turbines might finish up being the cheaper option after all. The cheap Chinese turbines aren’t much good if the banks are going to charge a high price to finance them.
I seem to be the only one around who has no problem in informing people what I make. With a little under 10 years in experience I make about £100k a season, plus bonuses. I could be making much more in an investment bank, but I wouldn’t want to. Investment banking institutions make money with money, they speculate. That creates an atmosphere that I don’t find pleasant in any way. It’s a much nicer environment if you don’t have even to meet these people in the lift. I am happy I work in a commercial bank or investment company instead.
There are others out there, today but nothing that cover the breadth and fine detail necessary to understand what is pertinent. Covering everything to how returns are calculated, and then moving on up to other more technical issues such as risk and attribution – it lays it all out, along with clear examples to aid the text. It will sit as a reference point tool on anyone’s table who works in investment management.