Joint ventures are considered to be a quick way of entering a new market. With globalization, there has been an increase in the number of cross-border joint ventures. In this article we will discuss the advantages and disadvantages of joint ventures in general, and cross-border joint-ventures in particular. I have also added examples of some successful, not-so successful and clearly unsuccessful cross-border joint ventures in recent times.
The unprecedented growth of the Indian industry in a year that spelt disaster for many corporate giants of the globe lent credence to the vision of international economists. In the midst of a dim and forlorn global scenario India has emerged a forerunner in terms of industrial growth. India is perceived to be the manufacturing hub and an efficient back office to the US and industries of Europe. Needles to say that it continues to be a leading provider of IT solutions world over notwithstanding Satyam.
While investigating agencies try to unravel the fraud, Crisil Research, an arm of credit rating agency Crisil Ltd, the Indian associate of Standard and Poor's, found there are at least a dozen ways a company can creatively cook the books.
The spotlight remains firmly on corporate governance issues two weeks after the founder of Satyam Computer Services Ltd, B. Ramalinga Raju, confessed to doctoring the company's books to the tune of Rs7,136 crore in India's biggest accounting scandal.
The speculation pertaining to income tax benefits that is in the offing has been a welcome development in the midst of depressing times of disease and drought. The tax payer will heave a sigh of relief at this unexpected gain. A silver lining on the deep dark cloud!! While this magnanimous gesture of the government may translate into votes for the ruling party, the policy that is taking shape in the realm of the finance ministry appears to be myopic; regressive that lacks creativity and vision.
Bonds are usually issued by the companies in need of finances. Those buying these bonds become the creditors of the company which is then bound to repay the original sum of money lent along with due interests. In Bond Market parlance, the Bond Market may also be called as the Debt Market, or Credit Market. Let us be clear of the few terms used in the bond market.
Joint ventures are considered to be a quick way of entering a new market. With globalization, there has been an increase in the number of cross-border joint ventures. In this article we will discuss the advantages and disadvantages of joint ventures in general, and cross-border joint-ventures in particular. I have also added examples of some successful, not-so successful and clearly unsuccessful cross-border joint ventures in recent times.
