Business Today Archive September 21, 2008 Issue

Edition: September 21, 2008

Cover Story

India Inc. stuck

The Tatas aren’t the only one. Reliance, ArcelorMittal, Vedanta, POSCO... some of India’s, and the world’s, biggest companies are grappling with problems in land acquisition. Suman Layak and Kushan Mitra report.
Money
If you are looking to participate in the stock market but don’t want its downside risk, then you should consider equity-linked fixed maturity plans (FMPs).
In This Issue
Integrity can take you places as India Inc. lowers its tolerance on ‘unethical’ behaviour by employees.
Special

A spate of new, emerging opportunities is enticing private sector players into infrastructure investments.

Editors note
Business Today discovered through one week of extensive reporting and research that investments worth over Rs 2.5 lakh crore are on hold because of the R&R (rehabilitation and resettlement) roadblock. At stake are not just some big-ticket investments, but also jobs and incomes of millions. This roadblock can deepen the impact of the slowdown that the economy has already slipped into.
Editorial
The CPI(M) politburo recently censured West Bengal Chief Buddhadeb Bhattacharjee for speaking out openly against the culture of bandhs and strikes that has paralysed economic life in that state.
Top Mind
reQall is a memory aid application developed by QTech, a Hyderabad-based company. reQall captures speech and converts it into to-do lists and diary entries on a mobile phone.
Policy Watch
Uttar Pradesh Chief Minister Mayawati may be heading for a fresh confrontation with the UPA government at the Centre. A few months ago, the Union Cabinet had given an in-principle clearance to the state’s proposed Taj International Airport plan near Greater Noida.
News Maker
Is Akshay Kumar the new king of Bollywood? Die hard Shah Rukh Khan fans may cringe at the suggestion, but it’s not as blasphemous as it sounds.
The BT 50 Index
Market swing continues
Deal Watch
Every month, we bring you a listing of the biggest deals struck by Indian companies in India and abroad. Our partner: global professional services firm Ernst & Young. Here are the deals that were struck in August 2008.
Book
The Game-Changer is an inspirational and practical guide for internalising success.
Treadmill
Have a look at common gym beliefs, and how breaking the rules can actually help you achieve your fitness goals more quickly.
BT More
The Audi Q5 is great in cities and on highways, but don’t go off-road with it.
Printed Circuit
The IE8 makes browsing safer and easier than before. . In an interesting aside, the browser has something called “InPrivate”, which keeps your browsing history secret.
People
Starring JP Morgan’s Kalpana Morparia; ABB’s Ravi Uppal; Santanu K. Baruah of the US Economic Development Administration; Indra Nooyi, CEO, PepsiCo; liquor baron Lord Karan Billimoria; and Bear Stearns’ former MD Nikhil Puri.
Leadership Spotlight
Yaga Venugopal Reddy has always kept his cool despite an action-packed five years at Mint Street that saw humungous levels of dollar inflows, an unusual rise of the rupee against the greenback, soaring inflation and also overflowing consumer credit in the economy.
Trends
Postings abraod have long been coveted by Indians. But a study by global HR consulatncy firm Mercer shows that Indian MNCs need to address several policy issues fast, failing which such jobs may well come to be considered punishments postings.
Current
 With over Rs 8,000 crore in cash, India’s best-known IT company, Infosys, finally bit the big acquisition bullet when it announced its plans to acquire London-based Axon Group. Infosys’ acquisition of Axon could pay off in the long run.
Features
It’s not just in aviation or automobiles that businessmen are seeking out low-cost solutions. From housing to gyms, from entertainment to banking, a clutch of canny entrepreneurs is seeing big opportunity at the lower rungs of the proverbial pyramid. T.V. Mahalingam reports.
Back of the Book
Theatre is not just about power-packed performances; it is turning into a powerful medium to create a premium aura around brands and more importantly, capture leads for business conversions. Banks are courting high net worth customers through the creative medium. Saumya Bhattacharya reports.
Columns
Every large project must be subjected to a holistic appraisal. The people likely to be affected must be allowed to examine all aspects of the project, including the “public purpose”, and also the possibilities of achieving the same objectives through non-displacing or less displacing alternatives. Such “social appraisals” must be made legally binding: Medha Patkar
Jobs
Valuators get their worth as global standards take centre stage.
Letters
Best cities for business (BT Cover, September 7) gave a 360-degree perspective on the business climate prevailing in the leading cities of India. The ranking of various cities according to their business quotient made sense and was spot on.
Event
For businesses, just successfully selling their products isn’t enough; even more critical is sustaining a wholesome customer experience.
60 minutes
Corporations today are running thin on patience with CEOs. They’re booting them out for non-performance, often without the courtesy of a golden parachute, says John Grumbar, Executive Chairman, Egon Zehnder International, the largest non-US-based executive search firm with revenues of SF 700 million (Rs 2,730 crore).

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