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Trends

  • When the the income-tax sleuths raided the house of a businessman-turned-politician in a small town in Junagadh district of Gujarat recently, they were startled at the sight of the palatial building in which he lived.
  • September 24 has set the meter ticking again for cricket. The closely contested win for Team India over arch-rival Pakistan has changed vision, the Twenty20 way.
  • Judith Wilcox, Regional Manager, India Subcontinent, Virgin Atlantic, spends a lot of time in India. She discussed the carrier’s plans with BT’s T. V. Mahalingam. Excerpts:
  • The fortnight’s burning question.
  • The BSE Sensex seems to be on steroids, and the way it is going, it may well cross the 18K-mark by the time this magazine hits the stands first week of October.
  • Indian companies in general display a greater awareness of environmental issues than their Asian peers, but at a national level, India seems to be lagging in articulating its response to climate change, according to a recent report on corporate governance.
  • The PC market in India is celebrating Diwali a quarter ahead of schedule. Driven by a buoyant economy, PC sales in the country have jumped 47 per cent to 1.7 million units during the first quarter of the current financial year .
  • Last fortnight, as Ben Bernanke lowered the Fed rate by 50 basis points, there was cheer in India as well. It has heightened expectations of a reversal of the rising interest rate cycle in the country.
  • Away from the ARCLIGHTS, India’s middle market deal makers are finding themselves in the thick of an M&A boom. According to a report by Grant Thornton, the proportion of middle market cross-border deals has increased significantly.
  • Leading the charge is India’s #1 software exporter TCS that plans to hire around 5,000 people from these places. #3 Wipro, too, is seeking to cast its net wider and is recruiting from as many as 260 campuses nationwide.
  • Storage and information management giant EMC has started the EMC Academy Programme across 60 colleges and has 2,000 students enrolled in them.
  • India is inching up the scale in terms of the ease of doing business . And it seems to be moving faster than China, though it has miles to go before it can catch up.
  • The Indian equity markets are scaling new highs every day and, already, rank as the 10th largest globally. SEBI chief M. Damodaran has promised to introduce more products to further deepen the markets, particularly in the futures and options segment, and make it more investor-friendly.
  • Ludger Arnoldussen, Member (Board of Management) and in charge of Asia, Australia, Africa and Germany at global reinsurance giant Munich Re Group, was in India recently to take stock of the company’s business in the region. Ludger spoke to BT about his business in general and its prospects in the near future. Excerpts:
  • According to the Ministry of Labour and Employment, the number of women employed in the organised sector (public and private) has risen from 495,000 in 2001 to 502,000 in 2005. And this number is expected to double in the next three years, say experts.
  • Ambani family's combined wealth of $91.41 billion makes it the richest business family in the world, far ahead of even the Walton family of Wal-Mart. However, the fact is that the two brothers, Mukesh and Anil, had split the business empire established by his father between them in June 2005.The billion dollar churnAmbani brothers world's richestSensex continues march towards NorthDLF to replace Dr Reddy's on Sensex
  • It’s a sobering thought. Despite rah-rah stories on how well India Inc., and specifically private sector companies, is doing, advance tax collection figures are dominated by the public sector.
  • After much coaxing and months of discussion, the Government of India is finally veering around to the idea of using its overflowing forex coffers to finance the humongous investment needs of the infrastructure sector.
  • Far too often the investments that the world’s major corporations make in India, and the resulting development, do not extend beyond India’s boom towns: Charles Prince
  • 20 per cent of executive directors of FTSE 350 companies has fallen over the past five years. This equates to the loss of almost 360 positions since 2002.
  • Over the last two months, Reliance Industries has realised that selling gas can be tougher than finding it. Never mind the fact we live in an era of crippling shortages—amounting to as much as half the prevailing demand.
  • Foreign lawyers, along with foreign chartered accountants and company secretaries, will be able to work in India once the Limited Liability Partnership Bill, which is pending before the government, becomes law.
  • Under its “do not disturb” initiative, Vodafone Essar HAS launched a call filter service to block unwanted calls. Under the offer, 32.4 million subscribers across all its 16 circles can now create their own caller blacklists.
  • Emerging market corporations have enjoyed easy access  to international markets for some time, and credit discipline appears to be weakening.
  • There’s a new urban legend in the making and it all stems from the makeover that actor Shahrukh Khan got himself. Khan’s chiselled new look—complete with washboard abs and lean, vein-popping muscles—has given rise to intense speculation about how Khan, 42 and a chain-smoker, transformed himself into a hunk in barely six months.
  • Regular physical activity makes your heart stronger. A stronger heart can pump more blood with less effort. Says Dr Sapra: “Go for a brisk 30-minute walk 4-5 days a week.”
  • 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 September 2007.
Oct 21, 2007
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When to sell your fund

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The prime time dilemma

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Noted Take a note

Take a note

State Bank of India attained the distinction of being the first public sector bank to touch a market capitalisation of Rs 1,00,000 crore. On September 28, the bank’s shares closed at Rs 1,950.70 on the BSE, giving it a market cap of about Rs 1,02,665.12 crore.
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While the government has been continuously affecting changes in the SEZ Act since its inception in 2006 in terms of size, built-up area and land acquisition, among others, more contentious issues are cropping up every day.

More steps needed to rein in rupee

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Tier-I software firms find a way to stay competitive.

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Sector-based standards

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Raja of re-invention

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Crime busters

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Restructuring GMR

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Grandhi Mallikarjuna Rao, 58, the recently anointed Group Chairman of GMR Group, spends most of his time shuttling between various project sites across the country and globe-trotting for industry conferences. He met BT’s Rahul Sachitanand for a free-wheeling chat on the economy, his group and its plans for the future.

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