Aberdeen is very warm and welcoming the glistening granite buildings and the quaint little cafes are nothing but love at first sight.
GST will largely affect the broad market in general and not specific companies. Hence, it will not change the firm's stock selection, says Hugh Young, Managing Director, Aberdeen Asset Management Asia.
One of the first few foreign institutional investors (FIIs) in India and an emerging markets specialist, Aberdeen Asset Management, is putting money where its mouth is.
At the same time, Prime Minister David Cameron is to visit the oil city of Aberdeen and meet industry bosses for talks on the current situation.
Satyam‘s Settlement Payments To Aberdeen Not Income
Oil firms are scaling back their operations in Britain's oil capital as the tumbling value of the estimated 16.5 billion barrels of oil left in expensive-to-reach undersea fields off the British coast, makes exploration and drilling unprofitable.
In what may come as a relief to foreign portfolio investors (FPIs), the Bombay High Court has issued a stay on the tax department's order seeking minimum alternate tax (MAT) from Aberdeen Global Emerging Markets.
In the short to medium term there could be challenges on the growth front for but in the longer term growth in India will recover said Peter Elston, Aberdeen AMC Asia, Singapore in an interview to CNBC-TV18.
CNBC-TV18's Pragya Bharadwaj that Unilever's USD 5 billion open offer which will close today, may see only 50 percent of subscription.
The larger concentration of the FII money seems to be in the midcap consumer stocks. Jubilant FoodWorks, Marico, Godrej Consumer lead the race in terms of FII ownership
Large investors like LIC and Aberdeen are already said to have opted out of the open offer.
Adrian Lim of Aberdeen Asset Management continues to remain overweight on Indian market, with a positive view on consumer staples sector. He believes the India consumption story is very much intact.
Software services exporter Mahindra Satyam (Satyam Computer Services) on Thursday said third quarter consolidated net profit slumped 74 percent year-on-year (71 percent quarter-on-quarter) to Rs 80 crore, due to a one-time claim settlement reached with Aberdeen UK.
The northern Scottish town of Aberdeen is much maligned for being as grey as its nickname of the Granite City suggests but its compact city centre can sparkle when the sun shines off its grey stone buildings.
Despite an overhang of litigations, Mahindra Satyam seems to be attracting business. Speaking to CNBC-TV18 exclusively, chairman Vineet Nayyar said that they had signed a large deal in worth USD 200 million in the previous quarter, which should reflect in the topline in the coming quarter.