Business Today Archive July 13, 2008 Issue

Edition: July 13, 2008

Money
When it comes to building your nest egg, how much is enough? Here’s what you should know about saving at different stages of your life.
In This Issue
Incredible India it certainly is, for even as the deadline for opposing the grant of a patent has passed, the Tourism Ministry sits smug in its belief that its trademark is guarded from all evil eyes. To cut a long story short, Las Vegas, US-based tour operator AMX Company has filed a trademark patent for the “Discover Incredible India” tagline.
Special
Entries to the TiE-Canaan Entrepreneurial Challenge have closed, and the jury has picked eight interesting start-ups for the final round.Take a look.
Editors note

As India globalises and the world "shrinks" even further into a so-called global village, managers will be increasingly called upon to manage cross-cultural teams across geographies. Can the skills required to succeed in such an environment be taught in a classroom? Our cover package, which ranks India's top B-schools, also deals with such, and many other, issues.

Editorial
At last count, there were more than 1,400 regulated business schools (B-schools) in India. If that number looks suspiciously big, it’s because more than 95 per cent of them don’t really matter. Why the number of B-schools is growing and why almost all of them continue to be in business is explained by a growing demand for management education in the country.
Policy Watch
Civil Aviation Minister Praful Patel is busy these days fighting for the rights of younger Indian carriers to fly on international routes.
News Maker
From metal scrap seller to “Metal King”, Anil Agarwal, Executive Chairman of the London stock market-listed Vedanta Resources, has come a long way.
Reporters Diary
Farmers in Karnataka went on the rampage over the shortage of fertilisers, which has put their kharif crop at risk.
BT More
We saw the Pyramids and clicked snaps with the Sphinx. But that’s definitely not all that we did in Tutankhamun’s Egypt.
Printed Circuit
Mozilla’s Firefox 3 is lighter and more versatile than Microsoft’s Internet Explorer 7.
People
Mercer India’s Padma Ravichander; Keshav Sanghi, former Head of Equities, Deutsche Bank in India; Pratap Bose, COO, Mudra; Rajat Gupta, Vice Chairman, International Chamber of Commerce; Amul’s Parthibhai Bhatol; and Aegis Media Group’s Ashish Bhasin.
Trends
Global growth is projected to drop to 2.7 per cent in 2008, from 3.7 per cent in 2007. Much of weakness is originating in high-income countries.
Current
Can Anil Ambani thrash out a deal with MTN? Ambani has been in several closed-door meetings with MTN Chief Executive Phuthuma Nhelko in London, hammering out the modalities.
Features
After being run by a string of bureaucrats who weren’t exactly in sync with the stock markets and its devices, regulator SEBI finally has a chief who’s no stranger to the bulls and bears. Can he make a difference?
Back of the Book
Companies are discovering a few groovy team-building activities that ensure some serious fun.
Jobs
Pay packets are looking more rational. But FMCG, telecom and diversified firms are still doling out handsome salaries to trainees, reveals the quarterly BT-Omam Consultants survey.
Letters
At last, the government could summon up the courage to increase LPG, petrol and diesel prices. It must have come as a huge relief for the oil PSUs, even though the retail price hike is too meagre and doesn’t reflect the soaring global crude prices that have been hovering around $135 per barrel.
Event
Communications is the glue that holds organisations together and it is also the electricity that powers up a place.

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