''India is just a nightmare'' for investments and outsourcing
Harish Baliga
Aug. 4, 2006

It is a nightmare. Common Indians believe Non Resident Indians and foreigners are bunch of cows ready to be milked. Investment bankers, software companies and service companies in general in India are at their wits'' end. As global players keep pouring into Asia's third-largest economy, fees are being squeezed and staff costs are going up.

The Government enjoys the Soviet style sit back and count money through tax revenues and Reserve Bank of India exchange mechanisms.

India's just a nightmare," said one top investment banker, citing too many banks fighting over low-fee deals.

An emerging markets sell-off in May derailed a record Indian stock market rally. Share offerings are drying up, as are convertible bond issues, which generate even thinner margins for banks than underwriting stock sales or mergers.

Bank fees for Initial Public Offerings (IPOs) have dropped to 2 per cent or lower of the value of the deal, from 3-4 per cent a few quarters ago, analysts said. For government mandates, fees are negligible as most banks take up work to gain prominence.

'India is just a nightmare' for investments and outsourcing
Harish Baliga
The level of corruption, inefficency and outright dishonesty is making the global players run for their money
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SAP AG chairman and chief executive Henning Kagermann has announced plans to spend $1bn on expansion efforts in India until 2011
Media Release
Mr Kagermann said that the bulk of the amount would be invested in manpower, adding that the German business-software giant will increase its Indian staff to 3,500 by the end of the year.
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The Indian energy sector may soon get a Scottish boost, with a number of companies from the European country planning to establish offices and manufacturing units
Media Release
The Indian energy sector may soon get a Scottish boost, with a number of companies from the European country planning to establish offices and manufacturing units in the country to tap growing opportunities.
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Sonata Information Technology said it has been awarded 'Best Value Added Distributor in Asia Pacific' for the year 2005-06 by Oracle
Media Release
The award was given at Oracle Executive Partner meet in Vietnam recently, a company release said here.
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A US court has ruled in favour of pharma major Ranbaxy in one of the two cases challenging two key atorvastatin patents held by Pfizer
Media Release
Atorvastatin is a cholesterol-lowering drug, marketed by US-based Pfizer as Lipitor. It is the largest-selling drug in the world with estimated annual sales in the US of $8.5 billion.
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Bharti Airtel Ltd will invest more than $100 million in a platform to deliver services through the internet
Media Release
IBM will develop, manage and operate the service delivery platform for Bharti, Manoj Kohli, its president said.
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From $250 to $2.1 billion just by supplying people (body shopping) to Western companies : India's Infosys story
Harish Baliga
Body shopping is what Indian software companies call 'Software Development'. It is facilitated by inefficient American management in American companies that need cheap labor to service arrogant, inefficient and unproductive managers.
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