This year's BT 500 list of India's most valuable companies reflects the overall bull run on the bourses. But as we analysed the market cap of the BT 500 companies, some distinct trends emerged, which our special cover package will help you discern.
Ah! To own that ultimate luxury on wheels-feels like heaven, doesn't it? So, what stopping you? Check out what's on offer from the BMW stable. BT More test drove all of them and came back mighty impressed. Kushan Mitra Long misty days and icy winds are often the norm if you are going up north for a holiday this winter. But hey, that’s no reason to worry, as long as you have the correct set of second skins. This issue, we tell you about two winter icons—the parka and the overcoat. It’s not just about beer and music any longer in Bangalore, as India’s Pub City has now become home to a wide assortment of lounge bars, restobars and cigar lounges. This winter, choose from a range of watches, perfumes, shoes and other items which are high on desirability. Sick and tired of those usual stomach crunches and people telling you to lose flab? Here are five exercises that will change the way your stomach looks and feels. So, get down to it and get started. So, you know your Bahama Mama from your Mint Julep but would like to improve your knowledge on the right cocktail glass to serve the poison? Here's a look at the glasses that can make or break your cocktails. BT More looks at a couple of multinational bigwigs who have launched Indian wines in recent times. There is a nip in the air and this is indeed the time to throw those lavish garden parties. And what better way to impress your guests than to mix some exotic cocktails that are particularly suited for winter. BT More sweet-talked a few experts to share their secret cocktail recipes for our readers. This guy downs a pint before you can say ‘wow’. BT More got Martin da Costa to taste the best new foreign beers in India and deliver his verdict. Spending the weekend relaxing at home and don’t really have anything to read? Here are excerpts from three new books—all of which take you on journeys not just to different lands but also to different eras. India's wine industry is yet to outgrow its infancy, but some of our best wines can hold their own against more celebrated rivals. They are expensive and delicate. And faulty storage can turn your favourite red wine into vinegar. So, what do you do if you don’t have a cellar at home? Read on and pick up a few crucial tips on how to store your wine as well as other liquor bottles. Chic and posh are two words often associated with wine. But how is it made? Rahul Sachitanand spent some time at Grover Vineyards to find out.
Private equity investors are reaping a rich harvest. According to data from Venture Intelligence, a firm tracking VC and PE investments, there were 58 PE exits in the first nine months of 2007 (40 during calendar year 2006). Of these, 14 were via the IPO route, the same as in the previous year. Aristotle onassis, asked why he had so few friends, once retorted: ‘When you are rich, you have friends; when you are very rich, you make enemies.’ The unemployment rate is still high despite high GDP growth rates. India, Turkey and Hungary are the riskiest economies in the world because of high current account deficits and relatively high consumer price inflation. The economy is slowing down, but the long-term story remains intact. Sonny Sannon, President, MasterCard Worldwide, South Asia, Middle East and Africa (SAMEA), was in India recently to celebrate 25 years of MasterCard here. He met BT’s Mahesh Nayak and discussed his plans for India. Excerpts: Three of the largest us wholesalers of generic drugs, Mckesson Corporation, Cardinal Health, and AmerisourceBergen, are talking to Tier-II and Tier-III FDA (Food and Drugs Administration)-approved plants in India to source drugs from them. As the primary market gains momentum, the grey market is witnessing a flurry of activity as well, with IPOs commanding huge premiums. According to Mercer’s Worldwide Individual Tax Comparator Report, Indians pay much higher taxes than their Asian counterparts. Here’s some bad news on the outsourcing front. A Gartner study says companies lured into outsourcing by the promise of cost savings, the primary reason for travelling down this path, are getting into long-term problems that outweigh any short-term gains. Cane juice is emerging as an alternative to colas in India’s Silicon Valley. Cane-O-La, the country’s first branded sugarcane juice, was launched recently and has met with an encouraging response. Consumers can take heart. soaring crude prices are not going to swell their fuel bills for now. It may be irritating for many consumers, but even as many of us frown when we receive SMS ads on our phones, advertisers say there is great potential in this new medium. Mobile advertising or Mads is the new buzzword in the Indian marketing sphere. The once quaint east Bangalore suburbs are the latest target of retailers after realtors spotted them first. It seems there is no more space for a major retail venture to pitch tent. Poverty is a shame and the widening gap in incomes is frightening; 300 million of us have overwhelmed the considerations of 750 million others. 31: The average number of villagers projected to show up in an Indian city every minute for the next 43 years (700 million people in all), according to a Goldman Sachs study Has the long and sustained bull run in the stock markets finally run out of steam?
The relative cost advantage of leading offshore destinations has declined almost universally.
We were just wondering how India’s first “manufactured” limousine, the Tata Indigo XL, has been doing. It was supposed to make buyers of Honda Civics and Skoda Octavias think twice because it offered huge amounts of legroom and lots of fancy features. A study by insurer AXA Asia Life has revealed that 82 per cent of the “mass affluent”—the top 25-35 per cent of the population—in India have neither started planning for, nor taken care of their retirement needs.
A bird’s eye view of what’s hot and what’s not on the government’s policy radar. Budget time is approaching again. there is talk of new TAXES. And now it appears that the Finance Ministry is keen on levying a tax on all transactions on the commodity exchanges. Over the last one year, the problem was one of freeing air waves from the defence forces to improve civilian telecom services. Even as this problem is being resolved, there is a new one—that of allocation. Finance Minister P. Chidambaram’s report card on tax collections over the last seven months has earned applause from all around. To gather a crowd is a basic qualification for a grassroots politician. Panchayati Raj Minister Mani Shankar Aiyar is going one step ahead—getting them to Delhi. And no small pack—he has invited all the village heads across the country later next month.
It is called ‘Smishing’, or phishing over SMS. How does it work? You will receive a message saying “Thank you for signing up for X or Y service, you will be charged Rs 10 per day. India has successfully groundtested an indigenously developed upperstage cryogenic engine for use on the next GSLV rocket mission in 2008.
Take the top three automotive companies by market cap (Tata Motors, Maruti Suzuki and Bajaj Auto) and pit them against the top three real estate companies, DLF, Unitech, and Housing Development and Infrastructure.
A large population and pent-up demand are fuelling the growth of health insurance in India, but commercial health insurance is still some way from becoming a profitable business. Providing financial services to loaded Indian consumers is cool. What’s even cooler is distributing financial products— and every bank and broker worth its net worth is aiming for a slice of the estimated Rs 20,000-crore pie. It’s a trend that’s increasingly becoming prominent. Multinational corporations (MNCs) that have been in the country for years and years with precious little to show for their efforts are finally beginning to make the big moves in a local market that’s hit a tipping point.
SEBI has given its nod for new derivative products. What does it mean for you? A new ELSS fund will use software to allocate assets after assessing market movements. Why you don’t need to worry about taxes if you make the right investments. Many funds are bundling add-on insurance with their plans. We try to find out who should invest in them, when and why. Margin funding is a double-edged sword—while boom times can double profits, busts double your losses. Brokers are ready with margin credit to increase their volumes and at the same time, provide leverage to their customers. Riding the bull will not be a cakewalk as stocks don’t come cheap anymore. With the stock market pausing for a breather, investors must take a focussed approach.
Corporates of all shapes, sizes and standings test their golfing as well as networking skills at Round One of the 13th Business Today-Honda Pro-Am Championship. The auditorium of Mumbai’s Welingkar Institute of Management filled to capacity to watch the brightest B-school minds from the West Zone battle it out for a spot in the finals of the national B-school challenge.
It's interesting what a big difference simple tweaks to age-old exercises can make. To know more read on. Winter is here and brings with it, apart from parties and gaiety, all those annoying allergies that kill the fun. But don’t worry, there are ways to fight them.
Much before Orkut and Facebook made social networking au courant, Sulekha.com— at the height of the dot.bust in 2001—launched its practical and selective online community that worked on a need-based, pull model in the US. Russell E. Planitzer’s pet peeve these days is poaching. The CEO & Chairman of NewRiver, a knowledge process outsourcing (KPO) firm operating out of India, says the aggressive overtures of the bigger Indian IT firms are affecting his ramp-up plans. In April this year when AOL launched its India portal, many said it was quite late in coming to India (compared to global rivals like Yahoo, Google and MSN, or even Indian players like Bennett Coleman’s Times Internet and rediff. com). CIRCA 1970. Three professionals, with a seed capital of Rs 3 lakh, set up a precision engineering company. Government entities are its customers. Today, valued at Rs 1,000 crore, this Hyderabad-based company, MTAR Technologies, makes precision machined parts for nuclear power reactors. More than a decade and a half after India produced its first indigenously designed supercomputer in 1991, the country has booked itself a place on the international supercomputing bandwagon. With the launch of OpenSocial, Google officially began an era of widgets, which was something quite unique to Facebook till recently. This is one platform that keeps showing signs of resurrection every few months. Reliance Communications (R-Comm) recently signed an agreement (worth $500 million) with Microsoft to deliver IPTV in India on the Microsoft Mediaroom Platform. In the 12 months to September 30, ICICI Bank’s low-cost deposits rose 40 per cent as against the State Bank of India’s (SBI) 14 per cent. So, is SBI Chairman O.P. Bhatt losing sleep? Not really. If its builders deliver on time, then the Tata Sons-promoted Infiniti Retail will have 100 plus Croma outlets all across the country by 2010. It began with a small sit-in demonstration and chakka jam convened by the All India Minorities’ Forum and an organisation called Furfura Sharief Muzhaddia Anath Foundation to protest the continued presence of Bangladeshi author Taslima Nasreen in India (and Kolkata). What’s the surest way to ensure that India misses its telecom target of 500 million wireless connections by 2010? Just continue waffling about spectrum, infrastructure and rural connectivity as we currently are. The International Innovation Initiative (I3 or I-cubed) will make it easier for researchers at MIT to get venture funding for their projects. According to Hockfield, the initiative aims to help address world problems such as climate change. More than two years after IT started scoping out the Indian market, French retail giant Carrefour has finally found a way to get started without hitting the foreign direct investment (FDI) hurdle. By the time this magazine hits the stands, Subhash Chandra’s Indian Cricket League would have showcased its debut Twenty20 match in Panchkula (Chandigarh), with Chandigarh Lions squaring off against Delhi Jets. It is what one could call a lose-lose deal. Unable to overcome protests from middlemen and traders in Uttar Pradesh, Reliance Retail has decided to discontinue its fresh produce business under the Reliance Fresh brand in the state. Knowledge service like credit analysis, equity analysis and economics research are some areas in which Infosys BPO (formerly Progeon) has built a major presence. The latest foray of Rs 1,000-crore Apollo International Ltd (AIL) is into logistics. Apollo Logi-Solutions (ALL) is the sixth diversification of AIL, which is a part of the $1.2-billion Apollo Group (that has major interests in tyres and healthcare). The exit of two high profile CEOs—Charles Prince of Citi and Stan O’Neal of Merrill Lynch, thanks to an estimated $400- billion global subprime mortgage losses— is a stark reminder as to how a lack of understanding of risk can pose a big problem for the banking sector. Ten years after he launched discount store chain Subhiksha out of a middle-class neighbourhood in Chennai, R. Subramanian is finally taking his baby public. Seven acquisitions in less than three years—that’s a feat that most companies would find difficult to pull of successfully. But that’s exactly what Aegis BPO, Essar Group’s BPO venture, has done. Thirty months after making an official entry into India, the world’s fourth-largest steel producer Posco’s 12 million tonnes per annum (TPA) mega-steel plant in Orissa is still mired in controversies. It’s a space many media and advertising houses want a toehold in. With good reason. If projections of media services major ZenithOptimedia are anything to go buy, the online advertising market in India is expected to touch Rs 2,250 crore by 2009.
Nearly a decade after joining Adobe, Shantanu Narayen, the company’s India-educated President and COO, has been elevated to the top job at the desktop software publishing company.
It’s all about thinking big. That’s what drives Venugopal Dhoot, Chairman and Managing Director of the Videocon Group, who is in the race to acquire the London-based Burren Energy, valued at nearly $4 billion.
After reading 'We want to be FMCG’S No. 1' (BT, December 2, 2007), one comes to the conclusion that progressive organisations committed to excellence, the world over, pursue a vision.
When 24-year-old Arvind Nagasayanam preferred Huawei China over a stint in the US in 2001, most of his peers raised an incredulous eyebrow. Not without reason, though.
On a trek in the Garhwal Himalayas, BT’s Anusha Subramanian comes back with lessons in micro-financing and community-owned tourism.
Landscaping gets a new twist with fully-grown anytime, anywhere trees.
The new Nokia N95 8GB comes with an AGPS-based navigation system built into it.
Ten years ago, Barry Bateman realised, there was space for a new global consumer finance brand. A decade down the line, Fidelity International is managing assets of $299.4 billion outside the America with a sizeable presence in Asia-Pacific. As Bateman explains, India and China will be Fidelity’s growth drivers over the next 15-20 years.