Energy & Natural Resources
EU oil embargo on Iran and its impact on India;
- Effective embargo date: January 23, 2012
- India imports 12.3 percent of Iran’s crude oil
- Existing contracts can run from July 1, 2012; no new contracts can be signed.
In order to make the Indian financial system safer from the impact of any potential global financial crisis, the Reserve Bank of India (RBI) released draft regulations of Basel-III for the Indian banking sector on 30th December 2011.
India’s Supreme Court on February 2, 2012, cancelled 122 telecoms licences awarded after January 10, 2008. The decision has raised questions on the continued existence of various telecom operators such as Uninor, Videocon, S Tel, and Etisalat which stand to lose their entire subscriber base along with their licences.
Transportation & Logistics:
The transport and logistics sector has emerged as a preferred investment avenue given the fragmented nature of the industry, allowing a range of midsized investment opportunities from niche segments to mass market options.