Business Today Archive December 28, 2008 Issue

Edition: December 28, 2008

Cover Story

The race for cover

For India Inc. terror cover was the priority of the insurance industry ever since the Mumbai serial car bomb blasts of March 12, 1993, that severely damaged the Bombay Stock Exchange building. Now, India Inc. is scurrying to buy fresh terror cover even while others rush to augment their terror policies in the wake of 26/11 attacks. Nitya Varadarajan reports.
Money
For many families, loan repayments can get rough and uneasy. So, how can one manage one’s loans better.
In This Issue
The Mumbai terror attacks punctured business sentiment already deflated by a spreading slowdown. The economic stimulus now needed is not just of liquidity but of foolproof security and targeted expenditure.
Special
The data for the study was based on the published annual reports of banks and RBI. All the figures used were as reported for the financial year 2007-08, 2006-07, 2005-06, 2004-05 and 2003-04.
Editors note
The true cost of terror is impossible to comprehend or calculate. Yet, making an effort to understand it is important to prepare for the job of prevention and repair that lies ahead. This is exactly what we have attempted in our cover story. Our cover package goes beyond just cost assessment and evaluates our responses and remedies.
Top Mind
What is it? #Mumbai was what users who posted updates on the site Twitter had to put as the tag line when updating information about the Mumbai attacks.
Policy Watch
With the terror attacks making travellers even more reluctant to fly, this is the time to rationalise the high state taxes on jet fuel to bring them back.
Noted
Demerged: By Ahmedabad-based textiles conglomerate Arvind, its branded apparel and retail businesses into two separate companies as part of its plan to raise funds later. Both the demerged companies will become subsidiaries of the company. Arvind’s branded apparel business will be merged with Arvind Lifestyle Brands and its discount store chain Mega Mart with Arvind Retail. The demeger will come into effect from April 2009.
Deal Watch
Every month, we bring you a listing of the biggest deals struck by Indian companies in India and abroad. Here are the deals struck in November 2008
Treadmill
If you are like most people at the gym, you are familiar with the ‘cheat biceps curl’. This is because most lifters, more men than women, like to curl as much weight as they can.
Printed Circuit
Digital photography+photo printer=great sense!
People
What would you give for a shot at US major league Baseball—an arm perhaps? Well, that’s exactly what Rinku Singh, 20, and Dinesh Patel, 19, gave at a competition organised in India—the Million-dollar Arm contest.
Trends
The government has injected lots of funds into the banking system, here’s where it’s gone.
Current
P. Chidambaram’s record as Finance Minister resembled that of the economy he presided—high on potential, low on performance.
Back of the Book
A first-of-its-kind study of the wine market in India shows that 65 per cent of the nation’s wine consumers live in two cities—Delhi and Mumbai—yet the Rs 300-crore industry is growing at 25 per cent. Dhiman Chattopadhyay goes into the details.
Jobs
India is in the grip of a slowdown and at a time when virtually every sector is cutting down on hirings, insurance seems to be standing its ground. What’s more, the Mumbai terror attack, and the ones before it, will only increase the demand for insurance.  Manu Kaushik reports.
Letters
Reading your cover story Fighting the Bad Times (BT, December 14), the most striking impression one gets is of Vijay Mallya being a spirited fighter.
Event
The BT Acumen 2008 eastern zonal finals again proved that Kolkata is the hot spot of debates and quizzes, as the best of B-schools fought it out. Somnath Dasgupta reports.

December 28, 2008

December 14, 2008

November 30 2008

November 16, 2008

November 2, 2008

October 19, 2008

October 5, 2008

September 21, 2008

September 7, 2008

August 24, 2008

August 10, 2008

July 27, 2008

July 13, 2008

June 29, 2008

June 15, 2008

June 1, 2008

May 18, 2008

May 4, 2008

April 20, 2008

April 6, 2008

March 23, 2008

March 9, 2008

February 24, 2008

February 10, 2008

January 27, 2008

January 13, 2008