It is festival week in India, and though results and economic updates can continue to come in fast and furious we want a change in agenda, preferably for the nation, but we'll stay with our India strategy write events for now 

Apart from the decimation in Sports becoming a see saw thing, we do not have much going for India's 2012 Olympics presentation of Dhoni and Co once they take care of England on home soil

Then there is our preparedness and seeming efforts at leadership in Green strategies with Jairam Ramesh and our continuing bulk hedging that caught both our oil basket and our IT "workers" in a desperate squeak and more as also the regular data on inflation

Dealmaking in Europe is going to be one off for India with one of the Portugese utility deals between EDP-KM Birla and REN-Powergrid (Powergrid already operates three times more cct KMs than REN, Porugese govt wans to follow the IMF deal for 20% privatisation in each corp in letter and spirit)

Dealmaking in the larger Energy business also seems to be hitting practice walls than the game per se and we shall try and look for it as BPCL and Videocon were the last active ones, OVL is not going to be buying more new deals and Mukesh Ambani has had a ferly striated run in Trouble Desert 

Music and movies seem to be the best poised consumption businesses that continue to enthral but refuse to grow. 

However, each of these really do not have any new facets for us ( even you, if you care to write how you think it happens) and will probably not take more than a third of our writing

Another third of our writing will be busy in November post Diwali with the myriad result update from a well run Axis, a recovering ICICI Bank (without global business) and a falling knife , still not out of the woods, That is Pratip Chaudhuri's SBI with three new MDs looking askance at downgrades and rising PAs unable to disown much of it from where its going with results  

Foreign Banks that have made it clear they had to deprioritise India, and Private Bankthat didn't do get a fillip in the festive season as was apparent from NAvratri loan booking, and banking strategy with a splash of retail and infracos is advised to us as our bedrock for the three India strategy blogs - The Investment Post, The Marketing Post and the DEal Post. 

 

Key conclusions for remembering our agenda, we don't place much faith by India's ability to attract and retain investment or attract global business and we will still grow a 7% (2011-12) or more..we'll be adding Sports, staying by Banking at the bedrock ( as will the indian markets) put data to the consumption story and stay by Infraco -and pharma fueled jumps in the Indian fortunes (as will the Indian markets)

 

Posted via email from The investment blog on Post