Ashok Leyland's GDR is a cheaper way to play India's growing truck market

Article Abstract:

Analysts agree that Indian truck manufacturers are a good buy for foreign investors in view of the country's growing truck market. Most of the attention has focused on Tata Engineering and Locomotive Co. but some experts also suggest a look at India's second-largest truck maker, Ashok Leyland Ltd. Ashok Leyland recently issued $137.8 million in global depositary receipts, thus providing investors with a cheaper way of getting into the Indian truck market.

Motor vehicles and car bodies, Trucks, Motor Vehicle Manufacturing, Truck industry, Securities, Ashok Leyland Ltd.

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Scandal may boost Rao, but weak coalition looms

Article Abstract:

Government prosecutors in India have charged fourteen politicians of corruption two months before the holding of national elections. Almost all of the indictees are members of Prime Minister Narasimha Rao's Congress Party. Although many believe that the scandal can improve Rao's reelection bid, analysts predict the formation of a coalition government due to the absence of a party that can acquire a majority.

Political activity, Political aspects, Political corruption, Congress-I Party (India), Rao, P.V. Narasimha

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