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Foreign MBAs eye Asia; find offers shrivelling up
Mr No graduates from the prestigious Wharton School in May, and business careers in Asia these days certainly deliver excitement. But then there's the money. Mr No's job offer, from the Seoul office of a U.S. consulting firm, is denominated in South Korean won - and the region's currency crisis has effectively sliced it in half. Now Mr. No stands to earn less per year, in U.S. dollar terms, than before the went to business school.
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No Japanese investment in infrastructure
While the Congress(I) was upbeat in its manifesto to lure Japanese investment specifically in order to restructure the Indian economy, the BJP refrained from giving a free hand to foreign investors. Ironically, these mixed postures of the Indian political parties came at the time when Japan has become more serious in its investment approach towards India after a long drawn wait and watch policy.
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Too early to say
The stock market has risen substantially, supported by speculators and foreign institutional investors (FIIs) anticipating a rally prior to the formation of what was expected to be a government more stable than the last one. Net FII inflows in February were positive after two months of net outflows.
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Practically nothing
There is no question that the revival of the primary equity markets is something all corporates look forward to. The Securities and Exchange Board of India (Sebi), in its capacity as a developer of the country's capital markets, is also eager to ensure that the market revives.
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