Most people are wary of investing in a market that is plagued with fiscal profligacy, sustained inflation and a depreciating currency
Disappointment was shown by many on Infosys' fourth quarter results. It reported 6-10 percent top-line growth guidance for FY14, which was lower than what the street had forecast. Rahul Bhasin, Baring Private Equity Partners said that it will be unrealistic to expect the historical growth.
Although, market expectations were quite high, the Finance Minister failed to deliver and presented an average budget which did not excite investors much. In a panel discussion with CNBC-TV18, Art Woo, Director – Asia, Sovereign Ratings, Fitch Ratings believes P Chidambaram‘s assessment of the fiscal deficit is modestly encouraging.
MphasiS, today, finally disclosed the break-up of its first quarter (November-January) revenues. In an interview with CNBC-TV18, Rahul Bhasin, Baring Private Equity Partners, MphasiS' second largest shareholder, says, HP will treat this company very fairly.