The new humdrum | Advantage Dealbook
Monday, March 28, 2011
Auto sales reports up 10% M-o-M and up 20% year on year, now to a 2 million clip (annual run rate), the increasing bank rates, the drums announcing India's wins over kenya, sri lanka, australia and maybe pakistan tomorrow and then the IPL drawing 160 million viewers after the world cup on the trot, the limited withdrawals by FIIs and ready reckoners on daily positive accretions by them, the allowing of global finance companies and hedge funds in India with Goldman Sachs. While this is just in the monthly news flow with sectors changing hands very quickly for new stock exchange darlings every week, the daily dose of 100-500 million INR deals like Sweekar for Cargill and Henkel for Jyothy or Wipro also shows the media in India is seemingly satisfactorily enabled for a synchronous news and information flow with even scams finding space in it like clockwork.
Somehow, the picture isn't complete ever showing something missing with neither the Food Security Bill, nor Insurance reforms making the cu. In fact IFRS, PFRDA, DTC and GST also remain stuck in the needle for a full 2-3 year run as issues and non issues competing with Mamta's election as Bengal CM The WSJ is quite a wallflower in India but the global deal flow and the crisis in Europe and Japan are now more crystal clear esp for readers and subscribers at Advantages.us. The more things change , the more they remian the same or just a bitsy place in the sun for the seemingly largest democracy in the civilised world as we consider India to be?
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