Una's Feed
Apr 17, 2015
via Breakingviews

Tax shockers ramp up India investor risk premium

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

India’s tax shockers are coming thick and fast. The government wants 400 billion rupees ($6.4 billion) in what it says are unpaid taxes from foreign funds. Top lawyers expect overseas private equity investors could be next. The latest surprise change to the country’s tax policy suggests investors will need to factor in higher risk premiums to protect themselves against future fickleness.

Apr 17, 2015
via Breakingviews

Tax shockers ramp up India investor risk premium

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

India’s tax shockers are coming thick and fast. The government wants 400 billion rupees ($6.4 billion) in what it says are unpaid taxes from foreign funds. Top lawyers expect overseas private equity investors could be next. The latest surprise change to the country’s tax policy suggests investors will need to factor in higher risk premiums to protect themselves against future fickleness.

Apr 1, 2015
via Breakingviews

Tata Motors’ $1.2 bln share issue is well timed

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Tata Motors’ well timed rights issue should help to accelerate its turnaround. The Indian carmaker, which owns Jaguar Land Rover, wants to raise 75 billion rupees ($1.2 billion) to reduce debt and fund growth. A change of strategy at its struggling domestic unit is starting to bear fruit but a full turnaround may depend on factors beyond its control.

Mar 31, 2015

New IPO rules won’t keep India’s Alibabas at home

(The author is a Reuters Breakingviews columnist. The opinions
expressed are her own.)

By Una Galani

HONG KONG, March 31 (Reuters Breakingviews) – The regulator
wants to ease standards to discourage start-ups from listing
abroad. The catch is that the rules only apply to a junior
market. Though that’s unlikely to tempt the likes of Flipkart
and Snapdeal, it stops India joining the race to the bottom on
governance.

Mar 27, 2015
via Breakingviews

India’s boardroom diversity drive has weird result

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The author is a Reuters Breakingviews columnist.  The opinions expressed are her own.

India’s effort to break the old boys’ club is producing bizarre outcomes. Tycoons have responded to a requirement that they have at least one female board member by April 1 by appointing their wives and even stepmothers as directors. India’s corporate governance has room for improvement and gender diversity at the top can improve financial returns. But mandating change isn’t the answer.

Mar 18, 2015
via Breakingviews

Super Mario on your iPhone? Nintendo gets its head in the game with mobile push

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

REUTERS/Yuya Shino

Nintendo has gone super mobile. The Japanese gaming giant – which recently announced yet another profit warning – has bowed to investor demands that it make games for smartphones. If the likes of Pokemon are as popular online as hits like Candy Crush, the move could have restorative powers equivalent to Super Mario’s ultimate mushroom.

Mar 18, 2015
via Breakingviews

Super Mario on your iPhone? Nintendo gets its head in the game with mobile push

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

REUTERS/Yuya Shino

Nintendo has gone super mobile. The Japanese gaming giant – which recently announced yet another profit warning – has bowed to investor demands that it make games for smartphones. If the likes of Pokemon are as popular online as hits like Candy Crush, the move could have restorative powers equivalent to Super Mario’s ultimate mushroom.

Mar 13, 2015
via Breakingviews

India’s “tax terrorism” proves hard habit to kick

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By Una Galani

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

India’s latest international tax shambles shows that it is easier to say something than to do it. The country’s new government could honour last year’s campaign pledge to end “tax terrorism” by scrapping a controversial law that allows it to seek payment for past transactions. The political fallout at home may be less painful than enduring embarrassment overseas by pursuing companies like Britain’s Cairn Energy.

Mar 12, 2015
via Breakingviews

Twin ghosts haunt Malaysia’s sovereign fund

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By Una Galani

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Malaysia’s 1MDB faces a daunting task. The six year-old sovereign fund was set up to finance big national projects but expanded too fast, took on heavy debts and is now at the centre of a growing controversy. An ambitious restructuring brings both political and financial risks.

Mar 11, 2015
via Breakingviews

Japan retail deal gets M&A process back-to-front

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By Una Galani

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Japan’s retail merger is an example of the complexities of dealmaking in a country where domestic consolidation is rare. FamilyMart and UNY Group have set a completion date for the $5.4 billion tie-up, but not yet agreed on any of the key terms. No wonder investors are worried the union will destroy value.

    • About Una

      "Una Galani is Asia Corporate Finance Columnist of Reuters Breakingviews, based in Hong Kong. She spent three years in Dubai covering the region’s economies in the immediate aftermath of the Arab Spring. Previously, Una wrote on capital markets, mergers and acquisitions, and telecoms across Europe from London. She was commended in the category of Young Financial Journalist at the Harold Wincott Awards for 2009 after joining Breakingviews in 2006. Una read English Literature at Oxford. Follow Una on Twitter @ugalani"
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