India Capital Markets Research
Is India taking a lead from China in developing a new breed of nearshore-offshore financial centers?
The inauguration of the new India International Exchange (INX) on January 9, 2017 by India’s Prime Minister Modi in a new finance zone, the Gujarat International Finance Tec-City or GIFT city, heralds the possible beginning of a new era in offshore financial centers in Asia.
According to a report filed by a leading business daily in India, the Securities and Exchange Board of India (SEBI) has abandoned proposed regulations for the Indian crowd-funding industry. This is clearly a big boost for the fintech industry and in particular the P2P lending industry in India.
New regulations: End of the road for P-Notes?
India's main regulator for capital markets, the Securities Exchange Board Of India (SEBI), has started implementing recommendations from the Special Investigation Team (SIT) appointed by Supreme Court of India to regulate Participatory-notes (P-notes).
Alibaba vs Rakuten! Will India’s ecommerce be the new battleground for China and Japan?
After a lull in investments and a lacklustre IPO, the Indian ecommerce market is heating up once again. While China-based Alibaba had earlier invested in Snapdeal (ranked #2 in India by market share) and Paytm, it recently announced a direct foray into the Indian market, making the entire ecommerce sector sit up and take notice. Now Japan’s Rakuten seems set to follow suit into India.
JP Morgan recently joined a long list of foreign Financial Institutions (FIs) that entered India with a lot of enthusiasm only to exit in a few years. The last 5 years have seen over 9 exits from asset management companies (AMCs) alone. India was the largest promise for some of these businesses outside of their playgrounds in the western hemisphere. So what went wrong?