Indian telecom companies may have bottomed out after India’s botched spectrum auction, and with smartphone sales in emerging markets set to jump next year, and India (EPI, quote) touted as the top BRIC market for 2013, investors with a long term horizon may want to start doing their due diligence now.
Overnight Asian and emerging markets continued the week’s move higher with the exception of Hong Kong and Singapore. Market participants remain cautious and hopeful ahead of China’s CPI results scheduled at 9:30 p.m. tonight EDT.
Technology stocks are a thriving part of the Indian economy. Unlike China though, the companies are more about service than the web. Here are the five technology stocks you need to know.
The Indian telecom industry is known for being both scandal-ridden and expensive, but the latest license fee hike plan proves once and for all that this business — and the market around it — is not built for amateurs.
Sorting through last week and overnight’s trading seems like a rerun TV show we’ve seen before, as traders sort through the euro zone issues, particularly Spain and Italy. Asian markets closed down, European markets are taking it in the chin while U.S. futures are suggesting another lower open.
The GSM Association (GSMA) announced today that India will become the second-largest mobile broadband market in the world, with 367 million mobile broadband connections by 2016 on current estimates.