The Indian economy has experienced high GDP growth of around 7-8% annually over the past decade. However, high inflation and a large fiscal deficit present challenges. Private equity investments peaked in 2007 but have weakened in recent years due to market volatility and a lack of exit options. While India provides many opportunities for growth capital investments, regulatory reforms are still needed to further improve the investment climate. Overall, sustained GDP growth, policy reforms, and political stability will be important for India to realize its full economic potential.
What will be the impact of changes in financial market regulation on employment? Based on insights recently published in the ILO's Global Employment Trends 2012, this presentation provides empirical results on the impact changes in banking regulation, international financial transaction taxes and regulation of securities markets might have on job creation, job destruction and employment growth.
What will be the impact of changes in financial market regulation on employment? Based on insights recently published in the ILO's Global Employment Trends 2012, this presentation provides empirical results on the impact changes in banking regulation, international financial transaction taxes and regulation of securities markets might have on job creation, job destruction and employment growth.
Market Research Report : IT Landscape of Insurance Players in India 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
With the ongoing growth in customer base and daily transactions, insurers in India are gradually shifting their focus towards the adoption of IT oriented tools, services and platforms. Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report IT landscape of Insurance Players in India 2012.
Till now, the ICT adoption in insurance industry has occurred in a phased manner, wherein it has exhibited a steady but impressive growth rate over the years. ‘Judging by the current scenario in the market, ICT spending by insurers in India stood at INR 76.17 bn in 2011 and is expected to grow at a CAGR of around 14% in next few years,” says Mr. Kalyan Banga, Product Manager at Netscribes. Maturing along with technology standards, the current ICT landscape within the insurance industry can be associated with rising demand and cut throat competition amongst the ICT vendors. Types and attributes of the solutions that experiences the most demand within the insurance sector have also changed over the years. “Primarily, technologies focused to provide better customer services are preferred the most. Analysis of colossal amounts of data and information and generating insights from these data are also experiencing exponential surge in demand. Advancement in the field of mobile technology and the immense popularity of social networking sites has also grabbed the attention of industry significantly,” noted Kalyan.
The report begins with a snapshot of the insurance industry which briefs about the facts and figures of insurers operating in India. It lists down the number of insurers operating in the sector along with the segmentation of public and private insurers. Hierarchy of the Indian insurance industry is well illustrated for which gives a brief highlight about the operational model of the industry. It also enlists the primary drivers and challenges for the overall insurance industry. “Primary reasons to propel the market forward comprises of young consumer segment, wide range of products, technological advancement and growing middle class, whereas the basic challenges faced by the sector are the tight premium rates and dependence on overseas re-insurers,” says Kalyan.
Moving along the report features a section on IT landscape of Indian insurers. The section talks about the IT infrastructure of all insurance companies viz. General Insurers, Life Insurers and Health Insurers operating in India. Technology implementation portion in this segment lists down all existing IT infrastructure in great detail. It primarily elaborates on the type of requirements, solutions adopted and the benefits realized thereafter. The section also features a sales intelligence section which enlists the relevant key point of contact of the respective organizations.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
Prospekt på Blue Capital projekt udbudt 2012 K/S Ishøj Strandvej til downloadBluecapital
Prospekt på Blue Capitals udbudte K/S projekt, K/S Ishøj Strandvej udbudt i 2012.
Prospektet indeholder en beskrivelse af investeringen med tilhørende revisor- og advokaterklæring
Market Research Report : IT Landscape of Insurance Players in India 2012Netscribes, Inc.
For the complete report, get in touch with us at : info@netscribes.com
With the ongoing growth in customer base and daily transactions, insurers in India are gradually shifting their focus towards the adoption of IT oriented tools, services and platforms. Netscribes (India) Pvt. Ltd., a knowledge consulting solutions company, announces the launch of its report IT landscape of Insurance Players in India 2012.
Till now, the ICT adoption in insurance industry has occurred in a phased manner, wherein it has exhibited a steady but impressive growth rate over the years. ‘Judging by the current scenario in the market, ICT spending by insurers in India stood at INR 76.17 bn in 2011 and is expected to grow at a CAGR of around 14% in next few years,” says Mr. Kalyan Banga, Product Manager at Netscribes. Maturing along with technology standards, the current ICT landscape within the insurance industry can be associated with rising demand and cut throat competition amongst the ICT vendors. Types and attributes of the solutions that experiences the most demand within the insurance sector have also changed over the years. “Primarily, technologies focused to provide better customer services are preferred the most. Analysis of colossal amounts of data and information and generating insights from these data are also experiencing exponential surge in demand. Advancement in the field of mobile technology and the immense popularity of social networking sites has also grabbed the attention of industry significantly,” noted Kalyan.
The report begins with a snapshot of the insurance industry which briefs about the facts and figures of insurers operating in India. It lists down the number of insurers operating in the sector along with the segmentation of public and private insurers. Hierarchy of the Indian insurance industry is well illustrated for which gives a brief highlight about the operational model of the industry. It also enlists the primary drivers and challenges for the overall insurance industry. “Primary reasons to propel the market forward comprises of young consumer segment, wide range of products, technological advancement and growing middle class, whereas the basic challenges faced by the sector are the tight premium rates and dependence on overseas re-insurers,” says Kalyan.
Moving along the report features a section on IT landscape of Indian insurers. The section talks about the IT infrastructure of all insurance companies viz. General Insurers, Life Insurers and Health Insurers operating in India. Technology implementation portion in this segment lists down all existing IT infrastructure in great detail. It primarily elaborates on the type of requirements, solutions adopted and the benefits realized thereafter. The section also features a sales intelligence section which enlists the relevant key point of contact of the respective organizations.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
Prospekt på Blue Capital projekt udbudt 2012 K/S Ishøj Strandvej til downloadBluecapital
Prospekt på Blue Capitals udbudte K/S projekt, K/S Ishøj Strandvej udbudt i 2012.
Prospektet indeholder en beskrivelse af investeringen med tilhørende revisor- og advokaterklæring
The Institute’s 6-year old journal (FJIM) was re-launched in line with the realigned mission to strengthen current management practices in industry through continuous knowledge sharing and deeper linkages. In its new avatar, FBR is envisioned to be a useful resource for academicians and practitioners alike.
Prospekt på K/S Jysk Detail, Rema1000 Ikast inkl. advokat- og revisorerklæri...Bluecapital
Projektet består af en butiksejendom på i alt 1.028 m² med tilhørende varegård på ca. 46 m² udlejet til Rema1000 Danmark A/S.
Ejendommen er opført i 2011 på velbeliggende placering
centralt i Ikast. Projektet udmærker sig på en lang række punkter, herunder særligt sikkerhed, afkast og en uopsigelighedsperiode på 15 år fra lejers side, hvilket sikrer ejerkredsen en begrænset hæftelse.
Der er ingen løbende indbetalinger til projektet og ingen solidarisk hæftelse.
Læs mere på www.bluecapital.dk
E-Updates_Apr12—Indian & Global Economic IndicatorsEcofin Surge
Monthly statistical e-bulletin comprising about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
Sample Copy of monthly statistical e-bulletin comprising about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global. It reaches the subscribers’ inbox on the 9th of each month.
monthly statistical e-bulletin comprising about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global.
Eupdts March11-Indian & Global Economic IndicatorsEcofin Surge
Monthly statistical e-bulletin comprising about 30 tables and some charts with the latest available economic/financial market indicators, both Indian and Global
http://www.youtube.com/watch?v=yJVgJ5kPb70 is one of the world's foremost brokers advising on global medical insurance policies. We work with all the major worldwide medical insurance coverage firms and have places of work in Europe and Asia. Worldwide we have above +120,000 clients, the greater part of our customers are people but we also work with some of the world's leading organizations such as L<apos>Oreal and Unilever. Our skills is in supplying tips and support to individuals seeking for comprehensive international medical insurance policy, notably people living in developing nations around the world or overseas from their home country.
Monthly review of key market segments within India including Equity (Domestic and International), Fixed Income, Currency, Economic Indicators, Mutual Funds & Recommended Portfolios (India).
Matt Simon, senior analyst at TABB Group, and Azila Abdul Aziz, executive director of dealing from Kenanga Deutsche Futures, present the foundation for better understanding of trading into Malaysia.
Mr. Praval Singh, founder MediaRedefined was one of the key speakers at Digital Marketing Conclave organized by FIIB on 18th February, 2012. He talked about social media future in 2012 and how brands would adapt themselves to social media.
The study is expected to come up with a generic framework depicting key components of any Open Business Process Innovation exercise. The project will also examine the challenges an organization would face in undertaking such endeavor.
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Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
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The Roman Empire A Historical Colossus.pdfkaushalkr1407
The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
The empire's roots lie in the city of Rome, founded, according to legend, by Romulus in 753 BCE. Over centuries, Rome evolved from a small settlement to a formidable republic, characterized by a complex political system with elected officials and checks on power. However, internal strife, class conflicts, and military ambitions paved the way for the end of the Republic. Julius Caesar’s dictatorship and subsequent assassination in 44 BCE created a power vacuum, leading to a civil war. Octavian, later Augustus, emerged victorious, heralding the Roman Empire’s birth.
Under Augustus, the empire experienced the Pax Romana, a 200-year period of relative peace and stability. Augustus reformed the military, established efficient administrative systems, and initiated grand construction projects. The empire's borders expanded, encompassing territories from Britain to Egypt and from Spain to the Euphrates. Roman legions, renowned for their discipline and engineering prowess, secured and maintained these vast territories, building roads, fortifications, and cities that facilitated control and integration.
The Roman Empire’s society was hierarchical, with a rigid class system. At the top were the patricians, wealthy elites who held significant political power. Below them were the plebeians, free citizens with limited political influence, and the vast numbers of slaves who formed the backbone of the economy. The family unit was central, governed by the paterfamilias, the male head who held absolute authority.
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A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
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Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
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1. India Investment Climate
(Audience - Walton College Students)
Manish Kheterpal (Member Governing Board, Fortune Institute of International Business –FIIB
www.fiib.edu.in)
January 2012
2. Indian Economy Overview – High GDP Growth with some fiscal deficit challenges
Real GDP Growth(1)
(%) Economists predict the Indian GDP grow 7-8% annually over the next three years ?
12 Forecast
10
8
6
4
2
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
India Fiscal Deficit as a % of GDP(2)
(%) After a surge in fiscal deficit in 2009 / 10, the government is expected to bring down the deficit in 2011?
6.2% 6.4%
5.9%
4.5% 4.7%
4.0% 4.1%
3.5%
2.7%
Mar-03 Mar-04 Mar-05 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10 Mar-11
Notes:
1) Source: Goldman Sachs, IMF
2) Source: Reserve Bank of India 2
3. Indian Economy Overview – High Inflation environment and Currency Depreciation
Inflation – Wholesale Price Index – All Commodities(1)
(%) Inflation has been at historic high levels over the last 2 years. As of Nov 2011, the inflation was recorded at 9.1%
12
10
8 9.1%
6
4
2
0
2006 2007 2008 2009 2010 2011 2012
Currency Exchange Rate for 1 USD(2)
)
INR The Indian Rupee has depreciated ~16% year to date Average since 2003 45.15
Max Rate (Dec 12) 53.85
55
50
45
40
35
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Notes:
1) Source: Ministry of Commerce and Industry
2) Source: Reserve Bank of India 3
4. Indian Economy Overview – Long Term Stock Market performance and FDI
Relative Performance of Global Stock Market Indices – Average Annual Return since 2003(1)
(%) The Indian stock market has produced an annual return of 18% since 2003
18.4%
10.9%
3.6% 3.3% 3.4%
Sensex Dow Jones Industrials S&P 500 FTSE 100 MSCI Asia Index
Foreign Direct Investment (FDI) in India(2)
($ B)
+39%
33
27 25
21
14 16
2 3 4
2003 2004 2005 2006 2007 2008 2009 2010 10 mo 2011
Notes:
1) Source: CapitalIQ
2) Source: Reserve Bank of India 4
5. Indian Economy Overview - Index Performance and FII Investments
Sensex down ~25% in 2011 (1)
(%)
Foreign Institutional Investment (FII) in India(2)
($ B)
29
18
17
11
9 8
7
2008 2011
2003 2004 2005 2006 2007 2009 2010 -1
Notes:
-13
1) Source: Yahoo Finance (6th January 2012)
2) Source: Infoline 5
6. Indian Private Equity Scenario – Private Equity Investments
PE investments sky-rocketed in the 2004 – 2007 period, peaked in 2007 ($14 B) and now still recovering from global crisis/local issues
Notes:
1) Source: VC Edge; KPMG Analysis
6
7. Indian Private Equity Scenario – Private Equity Investments “Type”
Indian PE market is largely a “growth capital” market
Notes:
1) Source: VC Edge; KPMG Analysis
7
8. Indian Private Equity Scenario – Private Equity Exits
PE exits peaked in 2010 but have weakened given recent market volatility and global cues…
Notes:
1) Source: VC Edge; KPMG Analysis
8
9. Indian Private Equity Scenario – Private Equity Exit Route / Challenges
Public market continues to be the most popular exit for PE
Notes:
1) Source: KPMG Sample Study and Analysis
9
10. Indian PE Scenario – PE Returns vs. Public Market Returns
Even though realized returns are attractive, total returns (including unrealized) are not
Realized investments only
Index
Gross IRR returns
Notes:
1) Source: VC Edge; Bombay Stock Exchange and KPMG Analysis 10
11. Indian PE Scenario – Returns have underperformed in the recent years
Returns have under-performed in recent years reflecting high entry valuations and lack of exit options
Notes:
1) Source: VC Edge; Bombay Stock Exchange and KPMG Analysis
11
12. India PE Opportunity – in country
Many opportunities for Growth Capital Investments…
Lot of sectors are still expected to grow at a healthy rate (10%+ EBITDA CAGR)
Given the size of market and country, companies need significant amounts of
growth capital
Quality of top management (CEO & Direct Reports) generally very good
Large LBOs rare in the short term
Absence of disposals / sales by large companies in the short term
Regulatory restrictions on using debt for acquisition financing; offshore debt
technology is inefficient
12
13. India PE Opportunity - outward
Following strong economic growth and success, Indian companies are ambitious
and expanding abroad through acquisitions
Tata / Corus ($13bn) and Jaguar+Land-Rover, Birla / Novelis ($6.4bn) –
structured as LBOs
Bharti winning 5th license in Sri Lanka and bidding for 3rd License in Saudi
Arabia
Indian government regulations restrict amount of capital Indian Companies can
invest as equity abroad
13
14. India Investment Climate – Opportunity & Challenges
Opportunities
Over-supply of PE capital for limited good opportunities. Why is everyone
here? Differentiated strategy will still work
Public markets offers (selective) good opportunities (stocks down 25%+ in
2011) but dependent on the macro sentiment (US/Europe)
Challenges
Regulatory reforms required for PE – FDI caps, Debt in
LBO’s, Taxation, Corporate Governance – expectations are low in near
term
GDP growth has to be sustained - Policy reform and political stability
required (7 state elections in 2012 and coalition politics?)
Interest rates rationalization can help give a boost to domestic consumption
– this tool is available to Reserve Bank of India
14
15. Thanks
Manish Kheterpal
Fortune Institute of International Business
New Delhi
www.fiib.edu.in
www.fiib.edu.in/fiib