Bill Belew has raised 2 bi-cultural kids, now 34 and 30. And he and his wife are now parenting a 3rd, Mia, who is 8.
In a previous blog, I wrote that Mphasis dealt with American Hostility.
Now, I think Mphasis doesn’t care. Electronic Data Systems Corp. offered $380 million to purchase 52% of the company. Now that! makes me angry.
The past month alone, Mphasis’ value shot up 15%! Infosys is trading at more than 35 times its expected 2006 earnings!
Genpact is the world’s largest outsourcer and is presently 40% owned by General Electric and headquartered in New Delhi. (Turn right at the elephant stand.)
Last year Oracle paid $900 million for a 61% share of iFlex, a banking software company in Bombay.
A couple of years ago, IBM bought call center Daksh for $150 million and now has 38,500 employees in India.
Everybody is shopping in India. There is about $70 billion worth of outsourcing contracts that up for renewal in the next two years. A bidding war is likely to ensue raising the value of these companies even more.
Quick, somebody please tell me how to get in on this.
Tech Companies such as Hexaware, Zensar and Polaris Software are all on sale for Foreign investers, the quickest way to make a buck on these would be buy up their shares if possible. I have!
That’s great advice, Jatin.
So, how does one buy shares from where I sit…in CA, USA?
I detect quite a bit of sarcasm, you asked how does one get in on the action..i can as i am legally a citizen there so i trade shares in India sitting in Seattle.
Sitting in Cali, you could invest in American companies buying up stakes in those Indian Tech companies, that is what i meant in my comment above.
I am interested in how to invest in companies in India.
I will attend a seminar next month on how to do it.
Investing in companies in Cali…I don’t trust them.
Thanks for the pointer.
Sarcasm…nope…ignorance, on my part…yep.
Though i am not sure as to the legality of Foreign nationals investing in Indian stock markets. But, i am sure there are brokerages in India that do the same on behalf of Foreign clients, though again how legal that is i am not sure. Hope you’re able to invest in India, certainly will get large returns atleast till fall for sure.
However, beware Indian stock markets are highly emotional, due to the type politics in India. One wrong word out of a politician and the down dives the market. This has been my experience so far, but overall the market is maturing.
I am covering a conference next month on investing in India and China. You can be sure I will be all ears about what is happening for many reasons.
I appreciate the exchange we are able to have.