Barriers to innovation remain, but the most innovative companies have realised that "innovation" is not just about developing new products and services but, more fundamentally, about discovering new ways to create value. A Business Today-Monitor Group study profiles the most innovative Indian firms.
Look at some of the most successful corporations around the world, and you'll find one thing that's common to them: they are innovative. To find out the state of innovation in India, Business Today tied up with the Monitor Group. The results of our study are fascinating.
Not much has been heard of the $5-billion Blackstone-Citi infrastructure fund that IDFC was to manage in recent times. The two foreign partners, in any case, are struggling with their global credit woes.
The Indian Mutual Fund (MF) industry is expected to witness explosive growth over the next five years. A study by McKinsey & Company projects the MF industry’s assets under management (AUM) to grow at a CAGR of 33 per cent over the next five years, taking the AUM of the overall industry to nearly Rs 16 lakh crore, a four-fold increase over current levels.
Matthew Abramo, Director (International Trade), Tiffany & co. at this iconic jewellery company, was recently in Mumbai for the brand’s imminent launch in India. He spoke to BT’s Deepti Khanna Bose on Tiffany’s plans in this country.
The government is in a generous mood. Close on the heels of the Rs 60,000-crore farm loan waiver package announced in the 2008-09 Union Budget comes the recommendations of the Sixth Pay Commission, which are likely to be accepted.
What happened to the legal battle between the Birlas and their erstwhile auditor R.S. Lodha over the late Priyamvada Birla’s will bequeathing the M.P. Birla estate to him? The litigation is still being fought before the Calcutta High Court and the Supreme Court.
The 37-year-old Lachlan Murdoch clearly has ambitions of emerging as a media & entertainment baron in his own right, and he’s going about it in his own quiet way. The one-time heir apparent to News Corp. has India on his radar.
Despite its best efforts at keeping prices down, the government is faced with an inflation fire that refuses to die out. The inflation rate based on the wholesale price index shot up to a 13-month high of 6.68 per cent for the week ended March 15.
The cover story on HUL showcases the comeback of the consumer goods giant after a period of sluggish growth. When Nitin Paranjpe takes over the mantle as the new CEO in April, he will have a tough job on his hand.
In a move that will lead to cheaper calls, TRAI has decided to scrap the Access Deficit Charge (ADC) from April. ADC is the charge levied (0.75 per cent of revenues) on all telecom companies to support BSNL’s fixed line services in rural India.
With the inflation rate rising, officials in North Block have gone into a firefighting mode. Finance Minister P. Chidambaram has already indicated that he is willing to trade off higher economic growth in order to check prices (it almost certainly rules out a move to a softer interest rate regime anytime soon).
Last fortnight, when talk of a new india-specific fund being raised by Baring Private Equity Partners (India) surfaced, it brought into focus the firm’s success and the man largely responsible for it, Managing Partner Rahul Bhasin.
The 57-year-old chairman of Virgin Group was in India to announce the launch of the company’s mobile operations. Virgin has launched its Virgin Mobile brand in the country targeted at Indian youth. In a freewheeling chat with BT’s T.V. Mahalingam, Richard Branson spoke about capitalism, leaping off buildings, Bollywood, James Bond and, of course, the group’s plans for India. Tata-Virgin tie-up can go ahead, says DoTTie-up with Virgin Mobile above board says Tata
As recession in the US takes its toll of global markets, an eerie hush prevails on D-street unlike around this time when last year, India Inc. was basking in the glow of cross-border conquests. Deal makers and merchant bankers haven't been so idle in a long time. BT's Krishna Gopalan reports.
Every potential leader needs a mentor who has been there, done that and knows the pressures that come with the job. This is particularly important for young leaders who should consciously have two or three mentors for gaining wisdom, experience and a wider perspective. BT’s Pallavi Srivastava tells us about some young guns and their gurus and strategists.
A hefty stock price climb and revenue upturn later, PepsiCo CEO Indra Nooyi has been handed a massive pay hike. In her first full year in charge, the Chennai-born Nooyi, 53, got paid $14.74 million, more than double the $6.3 million she earned in 2006 as PepsiCo’s CFO.
When US investment bank Morgan Stanley parted ways with JM Financial last February after a 10-year relationship, the Indian financial services major, in which founder Nimesh Kampani owns 67 per cent of the equity, got richer by a cool $425 million. For decades, Kampani has been a veritable one-man army on Deal Street. He’s now attempting to build a multi-faceted institution, but the going may not to be smooth. BT's Mahesh Nayak reports.
Tata Motors has acquired iconic British auto brands Jaguar and Land Rover from Ford Motor Company for $2.3 billion. But does it have a concrete plan to turn them around? BT's Krishna Gopalan finds out.
TVS currently ranks #8 in the global pecking order of two-wheeler manufacturers, with players such as Hero Honda, Honda, Yamaha, Suzuki and Bajaj Auto way ahead of it. Buoyed by a spate of product launches, including a new 125cc motorbike, TVS Motor’s Venu Srinivasan is looking to not just wrest back market share but also become a global heavyweight. BT's N. Madhavan reports. TVS Motors: Stepping back to win
Say hello to the brash new kids on Dalal Street. Flush with funds, thanks to till-recently booming primary and secondary markets as well as generous infusions by venture capital and private equity majors, most of these single-service houses (primarily stockbroking) are now planning to get into areas that have been traditionally the preserve of dyed-in-the-wool deal makers. BT's Mahesh Nayak reports.
The 43-year-old school dropout, Gautam Adani, who was recently ranked #10 among Indian billionaires by Forbes, is thinking big—and ahead—for ways to expand his business empire. He already runs the Mundra Port in Gujarat. That’s only Act I in his plan of becoming India’s largest infrastructure player. A report by BT's Anand Adhikari.
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 March 2008.
A proper breathing pattern is one of the most important constituents of a weight-training regimen but, unfortunately, many people, particularly beginners, often pay scant attention to how they breathe when they’re lifting weights.
Corporate executives are rediscovering life and work fundamentals in rock climbing, trekking and other outdoor activities. They realize that it is not possible to be very creative and innovative by just being in one place and doing the same mundane job day in and day out. BT’s Anusha Subramanian tells us how executives disconnect from daily tasks to develop efficiencies and different perspectives.
We now have a new breed of golfers called “career corporate golfers”. These guys stay on the lookout for tournaments and they don’t have to look too hard judging by the growing popularity of such events.
What makes a good horror movie? No one really knows, although many books have been filled trying to explain the visceral kick that’s inherent in a truly good horror movie. This fortnight, we step back and review three classics which have been re-released as DVDs in recent months.
Many people assume that the Italian system of classification of wines is a quality rating. The wines get classified according to their geographical regions of origin and winemakers are not allowed to plant grape varieties that are not statutorily specified for a region.
Travelling in style doesn’t just mean carrying the best clothes and flying first-class. It also means showing off the classiest travel gear when boarding a flight or checking in at a hotel. Check out some of the finest luggage on offer.
What makes a truly great soul song? A little bit of rhythm and blues, a great deal of spunk and a voice that melts your heart. This fortnight, we look at some British women who are tapping into that rich source of black soul music and coming up with pretty amazing moves.