Sep 13 2013 | 8:11 AM

I caught up with Amira Nature Foods' Chairman and CEO Karan Chanana in the Board Room during his latest visit to the NYSE to ring the closing bell. He was accompanied by his father, Anil Chanana, who was the third of four generations of Chananas to have led this company since its founding in 1915.

Since listing nearly a year ago (which Anil Chanana missed because he was vacationing in remote Kenya), the 98-year old premium basmati rice company has cultivated new international markets, developed new products, and raised its revenues and profitability.

“This is just the starting point,” says Chanana.

NYSE Euronext: ...

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Aug 28 2013 | 12:57 PM

Indian billionaire Anil Agarwal, worth $3.4 billion as of March 2013 according to Forbes, continues to grow his London-listed, $15 billion (revenues), Vedanta Resources. In the process he has merged his Sterlite Industries (India) (NYSE: SLT), and Sesa Goa into a strong diversified natural resources player- Sesa Sterlite - whose ADRs will begin trading on the New York Stock Exchange in the early part of September under the symbol SSLT.


The merger of Sterlite Industries (India) (NYSE: SLT), India’s largest non-ferrous metals and mining company, and Sesa Goa, India's largest private sector producer and exporter of iron ore, created India's largest and the world's sixth largest diversified natural resources company (based on EBITDA). In the fiscal year ended March 31,...

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Aug 14 2013 | 9:34 AM

Investor appetite for foreign listed stock remains strong despite the modest decline of 8% in total depository receipt (DR) trading volume worldwide. US market share of this trading was 82%, down but still leading the pack.

Within the U.S., NYSE-listed American Depositary Receipts (ADRs) continued to grow market share in  trading volume. About 84% of ADR trading volume was in NYSE-listed companies in 1st half 2013, up from 77% in 2012 and 73% in 2011. Nasdaq-listed ADR trading volume market share was 11% in 1st half 2013, down from 20% last year and 23% the year before.

Who are the leaders? Brazil which had the most actively traded group of NYSE-listed international companies with ADRs - almost $215 billion worth were traded in 1st half  2013. Brazil’s Vale (VALE) and Petrobras (...

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Aug 1 2013 | 12:34 PM

On July 29th, the final rounds of the 3rd annual NYSE Euronext Bounce Doubles Ping-Pong Challenge were played. The eight finalists were representatives of four regional doubles teams that after three weeks of competition had bested 65 teams from 17 NYSE Euronext office locations around the world. The East Coast champions hailed from New York, West Coast champions from San Francisco, European champions from Paris, and Asia/Australia champions from Tokyo.

At last year’s finals held in Amsterdam, Belfast came out on top; in the inaugural year of the Challenge, 2011, Paris took the championship crown in front of a home crowd. It is NYSE Euronext's version of "ping pong diplomacy" like that of the 1970’s between China and the U.S.

Almost everyone I know has played ping pong at least once in his or her life. It’s easy for a beginner to pick up a paddle and hit the ball back, however...

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