Word: invested
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...Delhi also helped clear the way for the recent buying spree. Last year, the government doubled the cap on how much Indian companies can annually invest abroad to 200% of a company's net worth. Thanks to the boom at home?India's GDP growth has averaged 8% a year over the past three years?many companies are financially stronger than ever before. Net profits are up nearly 40% this year, according to a recent report from Motilal Oswal Securities, which surveyed 127 publicly traded companies from various sectors. Besides having deep pockets, many Indian companies have been around...
...with the PS3. Blu-ray discs can show game graphics and movies in gorgeous detail, for instance, but few households currently have TVs that can display the full resolution of the format. That will change as prices for those TV sets decline. But consumers may also be reluctant to invest in the PS3 given that Sony and Toshiba are waging a format war over next-generation DVDs--no one wants to be saddled with another Betamax. "A lot of the technology in the machine will not drive the market until the end of the PS3's life cycle," says Yankee...
...Since the country's independence in 1947, Luce notes, India's policy planners have invested limited resources both on universities and on primary schools. That's produced a class of English-speaking engineering graduates who can compete with anyone in the world. But the flip side of diverting a big chunk of the education budget to create and run sophisticated universities is that millions of Indians have been left without basic education. Another puzzle is why only 7 million Indians?as opposed to 100 million in China?are employed in the formal manufacturing sector. A major reason is that state...
...hard-nosed BPD, which bears most of the responsibility for the new rules. Yet I find it exceedingly hard to believe that the wealthiest and most powerful university in the world couldn’t have driven a harder bargain with a city in which it is planning to invest tens of billions of dollars and create thousands of jobs...
...Some U.S. companies are already taking notice. Last week, Intel announced plans to invest $1 billion in building the world's largest microchip assembly factory in Ho Chi Minh City, formerly known as Saigon. Factories contracted by Nike employ 160,000 people, and recently increased their annual production to 70 million pairs of shoes, making Vietnam the world's second-largest source of Nike sneakers. (China is the largest.) The attraction for investors is obvious: Vietnam's labor force is educated, young and growing, while wages are even lower than in China's coastal cities. And the repressive political climate...