It's raining money

Reliance Power

Target: Rs 11,700 crore
(about $3 billion)

Oversubscription: Rs 7.52 lakh crore ($188 bn*)

* 73 times; value at upper end of price band of Rs 405-450

Global business confidence remains robust

A recent survey of private businesses shows that respondents are optimistic about the economic outlook for the next 12 months. 

For the first time in five years, Indian businesses have to share their domination in the optimism league table. India now shares the top spot on the optimism league table with the Philipines, where a similar proportion of the respondents are as optimistic on the outlook of their country's country over the ensuing 12 months.

Businesses around the world remain resilient in the face of global financial turmoil, according to the Grant Thornton International Business Report (IBR). The annual survey of private businesses shows that despite concerns over the global financial crisis, 42 per cent of the businesses across the globe are still feeling optimistic.

India's optimism relating to exports in 2008 has increased significantly by 16 per cent (second highest increase after the Philippines).

Top countries mobilising money

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Chinese companies led the world in mobilising money from investors in 2007; India Inc. came in at a distant #9. Chinese and Spanish companies dominated the list of world's largest IPOs, but a Russian company topped the charts.

 

 

— Compiled by Mahesh Nayak