Telenor and Unitech dissolve their Indian telecom joint venture, Uninor, following the 2G spectrum scandal. Telenor plans to establish a new entity and participate in upcoming spectrum auctions.
Experts predict 2009 to be a year of rebuilding confidence for investors, with opportunities in gold, debt, and select equities. Lower interest rates and multi-year lows for blue chips create long-term investment prospects.
Unitech plans to merge its eight telecom subsidiaries for better management, aiming to roll out services by mid-2009 while navigating delays with Telenor's stake sale.
India attracted $20.8B FDI in energy, services, construction, and real estate over four years. Real estate FDI jumped from zero to $2.17B, while services saw the largest increase, from $444M to $6.61B.
In a shifting market, while foreign investors offload stakes, domestic retail investors rise, showcasing a contrasting trend in stock ownership dynamics.