In times of panic, rationality goes out of the window. Reading the papers, one can be forgiven for thinking that India is in the midst of a full-blown recession.
Immense power is acquired by assuring yourself in your secret reveries that you were born to control affairs.
It’s a question that’s taxing millions of people in this country: how will the meltdown on Wall Street impact India?
Prime Minister Manmohan Singh has finally reserved his place in history by getting the approval of the Nuclear Suppliers Group (NSG) for India-specific exemptions from restrictions on nuclear trade.
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.
Over the past six-odd years, India Inc. has been firmly on the growth path—riding a domestic consumption boom, expanding businesses furiously, organically and inorganically, in India and across the globe.
India’s foreign policy—which has mostly been a litany of floundering initiatives as a result of putting all its eggs in one basket—finally managed to bag itself some brownie points following the successful conclusion of the ASEAN-India Free Trade Agreement.
The Department of Telecommunications (DoT) and the Telecom Regulatory Authority of India (TRAI), theoretically at least, are supposed to work in tandem to govern, improve and regulate telecom and allied services in the country.
<p>It’s a fairly common scene no matter what part of urban India you are in: it rains for a few hours and the city comes to a grinding halt. Waterlogged and potholed roads hold up traffic, backing up cars for miles.</p>
The potential to become a far more powerful and prosperous nation existed back then, and it exists now. What it requires, as management guru C.K. Prahalad writes so eloquently in our cover story, is not analysis but imagination.
<p>The last few years have conclusively demonstrated that the long-term structural story of India has changed for the better. And as India muscles its way into the developed world over the next decade, the more it will need world-class infrastructural support.</p>
It does not require any great knowledge in banking to know who is delivering the higher rate of interest to depositors—the Employees’ Provident Fund Organisation (EPFO) or commercial/cooperative banks.
Corporate family battles are rarely amicable. After all, internecine conflicts can get ugly and if the fight happens in the public gaze like the battle between the two Ambani brothers—Mukesh and Anil—it can get even more unsavoury.
<p>The result of the trust vote will be out by the time Business Today hits the stands. Going by news reports in the media, the vote is more about elections to the 15th Lok Sabha than about the merits of the Indo-US nuclear deal.</p>
When the Congress-led United Progressive Alliance (UPA) came to power in 2004, there was a good deal of expectation, particularly in the business community, that this would probably be a term marked by version 2.0 of India’s economic reforms.
Marginalised politicians have very often played the reservation card to avoid slipping into obscurity. It was V.P. Singh who first initiated this trend in 1990 by implementing the Mandal Commission recommendations for quotas for OBCs in government jobs.
If you are one of India’s middle class consumers, chances are you are beginning to tighten your pursestrings. After all, we’ve gone from ‘India Unstoppable’ to ‘India Plummeting’ in just a few months.
The takeover of India’s best-known drug maker, Ranbaxy Laboratories, by Japanese innovator company, Daiichi Sankyo, may have evoked a sense of disbelief all around.
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.
It’s beginning to look like a tired script: Prime Minister Manmohan Singh is again pushing for the Indo-US nuclear agreement; and the Left parties, led by the CPI(M) and its General Secretary Prakash Karat, are once again standing in the way of this landmark deal going forward.
Several studies reflect this skills gap. An IT industry study found that only one out of four engineering graduates is employable. This is scary and needs to be addressed on a war footing.





