Business Today Archive November 2, 2008 Issue

Edition: November 2, 2008

Cover Story

When exotic turns toxic

It doesn’t have to. With the perils of playing with complex derivatives instruments now amply visible, the lesson to be learnt is clear-cut: Keep it simple.
Money
Corporate FDs are making a comeback, but do your homework before you park your money in them.
In This Issue
The green signal for a $700-billion bailout of US banks wasn’t enough to turn the tide in global financial markets. Even six of the world’s central banks coming together to release hundreds of billions into the system couldn’t stem the panic. It has to get worse before it gets better. Puja Mehra reports.
Special
With the Indian IT market expected to grow at an estimated CAGR of 18 per cent over the next five years, foreign IT giants aren't just dominating the market, they're opening up new segments and setting the agenda for some categories. Rahul Sachitanand and Kushan Mitra tell you about the twists and turns.
Editors note
Our primary task was to understand the magnitude of the crisis and give you the most updated assessment of its impact on India. The cover stories (divided into eight small and easy-to-read features) attempts to do exactly this. The spread of our offering ranges from a country-by-country assessment of the financial crisis to the diagnosis and prognosis of the liquidity shortage (including stock market) and a small pointer to the opportunities the crisis has opened up for Indian companies.
Editorial
Immense power is acquired by assuring yourself in your secret reveries that you were born to control affairs.
Top Mind
What is it? It’s an online financial marketplace, called www.bankbazaar.com, which individuals can visit for home loans and personal loans.
Policy Watch
Noted
SBI, which has assets of over Rs 7 lakh crore, 57th in the list of the world’s Top 1,000 banks this year, by the UKbased banking publication The Banker. SBI was ranked 70th last year.
The BT 50 Index
BT More
Benefactors like Paul Newman are becoming an extinct species in our narcissistic world. Do you recall any of our actors having a charitable bone?
Treadmill
Drink Beer to Lose Weight’, ‘Eat More, Weigh Less’ and ‘Work Less, Earn More’ may sound incredulous at first sight.
Printed Circuit
Wi-Fi is convenient and it need not be an open invitation for trouble.
People
It is an honour from his Alma Mater, but Anand Mahindra, 53, Vice-Chairman & Managing Director of Mahindra & Mahindra, calls it “a recognition of the India growth story, and of Indian entrepreneurialism in general”.
Leadership Spotlight
If Sourav Ganguly’s captaincy had to be judged on how he appeared on a Cricket field, the words, which most accurately describe him, would probably be late, dishevelled and overwrought.
Trends
What happened to Dilip Chhabria’s plans of launching a made-in-India sports car? Well, the plan is on track.
Current
Wipro chief Azim Premji is quietly picking up stakes in companies with strong business models.
Features
An overwhelming 94 per cent of corporate executives in India are aware of the social networking phenomenon and 79 per cent are actually members of one or more social networking sites. Although social networking accounts for only a miniscule share of the ad pie, it could well become the 'next big thing' for advertisers. A report by Shamni Pande.
Letters
As a working woman myself, it gladdens my heart to know that all of these businesswomen have not only successfully broken through the glass ceiling, they have also proven themselves to be as professionally smart and competent as the best business leaders in the corporate world.
Event
Or should that be Women of Power? It doesn’t matter: at BT’s annual event to honour the most powerful women in Indian business, both were on ample display.
60 minutes
Second only to Four Seasons Hotels & Resorts' Chairman and CEO Isadore Sharp, Kathleen Taylor is responsible for Global Operations since being promoted to President & COO in 2007. In her nearly two decades with the company, she has played a key role in the expansion of its portfolio. Anusha Subramanian spoke to her recently in Mumbai. Excerpts from the interview:

December 28, 2008

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November 30 2008

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