Rated Indian News
Shankaracharya on Islam
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Friday, September 28, 2007
Tuesday, September 25, 2007
Six Sixes by Yuvraj Singh
Here is Video of Yuvraj Singh's Six Sixes.
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Enjoy !!!
List of Indian ADRs
Indian ADRs substantially Outperforms NASDAQ
India's economy grew at 9.4 pct in the fiscal year ended March 2007, the fastest expansion in the last 18 years.The Indian economy is expected to grow by 8.5 percent in the fiscal year ending March 2008. It therefore makes sense to look at India from investment perspective. Indian ADRs ( American and global depositary receipts) provides one way of investing in India. We will look at the historical growth of Indian ADRs and try to draw some quick conclusions.
The following table lists the prices of American and global depositary receipts of Indian companies compares in the past three years. The Closing prices of ADRs have been taken.
Table 1 : Share Prices of Indian ADRs
The purpose of this analysis is to find the rate of growth of the Indian ADRs as compared to the US market. The
Following Table lists out the gain during the past 3 years of the US market verses the Indian ADRs.
Table 2 : Annualized Percentage Return of Indian ADRs Vs NASDAQ
Some Conclusions
1. The growth of Indian ADRs outperforms the average US market by substantial margin in the last 3 years.
2. The difference in growth of the Indian ADRs and US market has narrowed in the last year.
3. The advantage of the Indian ADRs as compared to the average US market is on expected line because of the higher GDP growth of Indian in general and Indian companies in particular.
The inverstor will need to continue to explore Indian ADRs. We also will need to monitor Indian economy in general to take advantage of the global growth pattern.
The following table lists the prices of American and global depositary receipts of Indian companies compares in the past three years. The Closing prices of ADRs have been taken.
Table 1 : Share Prices of Indian ADRs
| Sl No. | Company | Sticker | 1 Yr Ago | 2 Yr Ago | 3 Yr. Ago | 10-25-07 |
| 1 | HDFC Bank Ltd | HDB | 56.87 | 49.7 | 31.37 | 102.94 |
| 2 | ICICI Bank Ltd. | IBN | 28.06 | 25.37 | 13.17 | 51.21 |
| 3 | iGATE Corp. | IGTE | 4.85 | 3.65 | 3.94 | 8.69 |
| 4 | Morgan India Investment Fund | IIF | 39.88 | 38.18 | 19.75 | 49.8 |
| 5 | Infosys Technologies Ltd. | INFY | 45.85 | 34.62 | 27.16 | 45.97 |
| 6 | Mahanagar Tele | MTE | 6.51 | 6.16 | 6.2 | 7.96 |
| 7 | Patni Computer | PTI | 18.75 | NA | NA | 23.08 |
| 8 | Dr. Reddy's | RDY | 15.82 | 8.87 | 8.27 | 16.15 |
| 9 | Rediff.com | REDF | 14.78 | 12.98 | 7.51 | 17 |
| 10 | Satyam | SAY | 19.09 | 14.11 | 11.01 | 23.6 |
| 11 | Sify Ltd. | SIFY | 8.9 | 4.73 | 5.57 | 8.06 |
| 12 | WNS Ltd. | WNS | 27.9 | NA | NA | 16.77 |
| 13 | The India Fund Inc. | IFN | 41.73 | 33.6 | 19.09 | 51.85 |
| 14 | Videsh Sanchar | VSL | 17.09 | 15.5 | 7.04 | 22 |
| 15 | Tata Motors Ltd. | TTM | 17.72 | 11.23 | NA | 18.5 |
| 16 | Syntel Inc. | SYNT | 22.55 | 17.24 | 14.06 | 40.81 |
| 17 | Wipro Ltd. | WIT | 12.49 | 9.53 | 8.44 | 13.82 |
The purpose of this analysis is to find the rate of growth of the Indian ADRs as compared to the US market. The
Following Table lists out the gain during the past 3 years of the US market verses the Indian ADRs.
Table 2 : Annualized Percentage Return of Indian ADRs Vs NASDAQ
| Sl No. | Company | Sticker | 1 Year Return | 2 Year Annualized | 3 Year Annualized |
| 1 | HDFC Bank Ltd | HDB | 81.01% | 53.56% | 76.05% |
| 2 | ICICI Bank Ltd. | IBN | 82.50% | 50.93% | 96.28% |
| 3 | iGATE Corp. | IGTE | 79.18% | 69.04% | 40.19% |
| 4 | Morgan India Investment Fund | IIF | 24.87% | 15.22% | 50.72% |
| 5 | Infosys Technologies Ltd. | INFY | 0.26% | 16.39% | 23.09% |
| 6 | Mahanagar Tele | MTE | 22.27% | 14.61% | 9.46% |
| 7 | Patni Computer | PTI | 23.09% | NA | NA |
| 8 | Dr. Reddy's | RDY | 2.09% | 41.04% | 31.76% |
| 9 | Rediff.com | REDF | 15.02% | 15.49% | 42.12% |
| 10 | Satyam | SAY | 23.62% | 33.63% | 38.12% |
| 11 | Sify Ltd. | SIFY | -9.44% | 35.20% | 14.90% |
| 12 | WNS Ltd. | WNS | -39.89% | NA | NA |
| 13 | The India Fund Inc. | IFN | 24.25% | 27.16% | 57.20% |
| 14 | Videsh Sanchar | VSL | 28.73% | 20.97% | 70.83% |
| 15 | Tata Motors Ltd. | TTM | 4.40% | 32.37% | NA |
| 16 | Syntel Inc. | SYNT | 80.98% | 68.36% | 63.42% |
| 17 | Wipro Ltd. | WIT | 10.65% | 22.51% | 21.25% |
| Average | 26.68% | 34.43% | 45.38% | ||
| 18 | NASDAQ COMPOSITE | ^IXIC | 20.24% | 13.20% | 13.83% |
| 19 | Dow Jones Industrial Average IN | ^DJI | 19.56% | 16.01% | 12.03% |
1. The growth of Indian ADRs outperforms the average US market by substantial margin in the last 3 years.
2. The difference in growth of the Indian ADRs and US market has narrowed in the last year.
3. The advantage of the Indian ADRs as compared to the average US market is on expected line because of the higher GDP growth of Indian in general and Indian companies in particular.
The inverstor will need to continue to explore Indian ADRs. We also will need to monitor Indian economy in general to take advantage of the global growth pattern.
Wednesday, September 19, 2007
Analyzing Rediff Article : US media slams US for backing Musharraf
The following article appeared on rediff on Sept 19, 2007.
US media slams US for backing Musharraf
Slamming Pakistani President Pervez Musharraf's attempt to stay in power through political fiat, a leading newspaper in the US has said the Bush administration's continuing support for the military ruler for "short-term benefits" will only make "a bad problem worse".
"After unsuccessful negotiations with former prime minister Benazir Bhutto , he (Musharraf) has returned to the practice of political fiat that has served his country so poorly over the past eight years," The Washington Post said in an editorial titled 'Re-election by Fiat'.
Terming Musharraf's undertaking before the Supreme Court that he will remove his uniform after his re-election "less a concession than a threat to both Pakistan's centrist political parties and the court", the paper said the general is in effect insisting that he be given another five-year mandate on his own terms, even though a "large majority of Pakistanis want to see him step down and election process violates the constitution on multiple grounds".
The paper said the likely result of the General's actions is that, instead of uniting against the growing threat from Islamic extremist groups, Pakistan's secular institutions will continue to wage a "destructive political war" against each other.
The paper also criticised the Bush administration for continuing to support the General, saying "by failing to insist that Musharraf come to terms with the country's moderate and secular centre, the Bush administration is making a bad problem worse."
"It's doubtful that the General would pursue this course if not for the tolerance and support he enjoys from the Bush administration, which has repeatedly signalled that it prefers the short-term benefits of alliance with an autocratic general to the uncertainties and messiness of a return to democracy.
"The risks and dangers for the United States in Pakistan are unquestionably great," the paper said. A government elected though free and fair polls will be better able to confront al Qaeda, the Taliban and other extremist movements, the editorial said, adding if Musharraf succeeds in imposing his own solution, he will deal a severe blow to the rule of law and further isolate and weaken himself.
The rediff link
http://www.rediff.com/news/2007/sep/19wp.htm
I was just wondering why rediff could not post the link to the Washington Post itself...rather than saying again and again - "the paper said" ..."the paper said" ...
I will prefer diggsamachar or Janata Newsover this article.
US media slams US for backing Musharraf
Slamming Pakistani President Pervez Musharraf's attempt to stay in power through political fiat, a leading newspaper in the US has said the Bush administration's continuing support for the military ruler for "short-term benefits" will only make "a bad problem worse".
"After unsuccessful negotiations with former prime minister Benazir Bhutto , he (Musharraf) has returned to the practice of political fiat that has served his country so poorly over the past eight years," The Washington Post said in an editorial titled 'Re-election by Fiat'.
Terming Musharraf's undertaking before the Supreme Court that he will remove his uniform after his re-election "less a concession than a threat to both Pakistan's centrist political parties and the court", the paper said the general is in effect insisting that he be given another five-year mandate on his own terms, even though a "large majority of Pakistanis want to see him step down and election process violates the constitution on multiple grounds".
The paper said the likely result of the General's actions is that, instead of uniting against the growing threat from Islamic extremist groups, Pakistan's secular institutions will continue to wage a "destructive political war" against each other.
The paper also criticised the Bush administration for continuing to support the General, saying "by failing to insist that Musharraf come to terms with the country's moderate and secular centre, the Bush administration is making a bad problem worse."
"It's doubtful that the General would pursue this course if not for the tolerance and support he enjoys from the Bush administration, which has repeatedly signalled that it prefers the short-term benefits of alliance with an autocratic general to the uncertainties and messiness of a return to democracy.
"The risks and dangers for the United States in Pakistan are unquestionably great," the paper said. A government elected though free and fair polls will be better able to confront al Qaeda, the Taliban and other extremist movements, the editorial said, adding if Musharraf succeeds in imposing his own solution, he will deal a severe blow to the rule of law and further isolate and weaken himself.
The rediff link
http://www.rediff.com/news/2007/sep/19wp.htm
I was just wondering why rediff could not post the link to the Washington Post itself...rather than saying again and again - "the paper said" ..."the paper said" ...
I will prefer diggsamachar or Janata Newsover this article.
Saturday, September 15, 2007
Diggsamachar - The rated Indian News
Diggsamachar is neither a new concept nor a revolutionary concept. It however caters to the needs of the Indian Community. The taste of the Indian community has some specialty that is different from International community.
For example, the International community is indifferent to what is happening in Cricket, Pakistan - while these two have top priority to Indians.
In Finance, Indian community is concerned about the performance of the Indian ADRs. A separate finance discussion board is available at Indian ADRs
The news that occupies top rating at diggsamachar may not be the top rated from International community perspective. As an Indian we would, therefore, like to visit .
For example, the International community is indifferent to what is happening in Cricket, Pakistan - while these two have top priority to Indians.
In Finance, Indian community is concerned about the performance of the Indian ADRs. A separate finance discussion board is available at Indian ADRs
The news that occupies top rating at diggsamachar may not be the top rated from International community perspective. As an Indian we would, therefore, like to visit .
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