GMR

By Bharat Ratna

• GMR Infrastructure Ltd. acquired 50 percent of InterGen NV for $1.1 billion, the biggest overseas energy acquisition by an Indian company.

• InterGen, Dutch Power Company, has a total gross capacity of 12,766 megawatts, including 4,680 megawatts of projects under development

• After this stake, GMR can access InterGen's 12 operating power plants in the U.K., the Netherlands, Mexico, Australia and the Philippines

• Mr G.M. Rao, chairman of the GMR Group said that this acquisition will provide a platform to expand in InterGen's existing geographies and new geographies.

By Vipin Agnihotri

In my opinion, Indian capital markets are increasingly taking their cues from global markets. Generally speaking, no sector is completely insulated from the impact of a US and global slowdown, but there are obviously few sectors that are more protected as compared to others.