NCR Corp. (NCR) has secured the biggest order of automated teller machines (ATMs) in India. The State Bank of India (SBI) has entered into an agreement to purchase around 3,800 ATM machines from NCR. The leading bank of India also signed a seven year service contract with the company.   The bank is already using 10,000 NCR ATMs and this repeat order reinforces the fact that SBI is satisfied with the quality and service of NCR. Under this new agreement, NCR will be instrumental in ATM deployment, site implementation service, maintenance and site implementation service. NCR will be supplying the DVSS (Digital Video Surveillance Systems) along with the ATMs to prevent fraudulent activities. The financial terms of the deal is not yet disclosed by the company.   This apart, the company is rolling out new products at regular intervals and resolving operational issues of its customers around the ...

Profit From the “New Decoupling”

Tony Daltorio, The Investment U Research Team

Emerging markets first hit investors’ radar screen about 20 or so years ago. There was a lot of skepticism and a lack of understanding about emerging markets, which was understandable because there were few emerging markets open enough (or large enough) to invest in with a degree of safety.

That has all changed in the past two decades as most emerging markets are open to foreign investments and have a high degree of liquidity. The number of so-called emerging markets has also grown from a mere handful to over 60.

Yet Wall Street seems to have missed these changes – there is still a lot of skepticism on Wall Street when it comes to investing in emerging markets. That is where the opportunity for investors lies.

Famed investor

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The Indian market reacted with disappointment to the budget presented this morning by the new Finance Minister, due to lack of any new liberalization measures and the ballooning budget deficit. The Bombay Sensitive Index plunged 870 points, or almost 6%, as the high hopes for major pro-market structural reform in pensions, insurance and retail sectors were not met. Markets were expecting that there would be a roadmap for bringing down the fiscal deficit, as also details of disinvestment and deregulation of oil prices.The budget seeks to boost government spending that would increase the fiscal deficit to 6.8% of GDP. The country's fiscal deficit has been soaring since the government enacted three fiscal stimulus packages of tax cuts and spending, on top of deep spending on fuel subsidies, government pay hikes and farmer loan and employment programs. Last year, the deficit was 6.2% of GDP, and the year ...

Hedge Funds in IndiaThe Benefits of Offering Hedge Funds in IndiaHere's a short article on how the Committee of Financial Sector Reforms in India might introduce hedge funds and why this would be a positive move for the Indian markets and fund industry as a whole.______________________ The Draft Report of the Committee on Financial Sector Reforms headed by Professor Raghuram Rajan was issued for comment in April 2008. Among the proposals that the high-level committee made was the introduction of domestic hedge funds. The committee feels that, “The presence of hedge funds would induce greater competitive pressure for other regulated fund management channels such as mutual funds.” This week’s article discusses the benefits of introducing hedge funds in the Indian market. It shows how ...