With clear signs of a US Economy-led global slowdown and an unprecedented rise in commodity, including food grain, prices all round, how bad are things going to be for the Indian economy? Predictions by most analysts point to a slower GDP growth. Inflation (7.41 per cent at the end of March) is causing concern.
Automotic boxes have evolved over the years and at times now, offer even better fuel efficiency than manual gearboxes on the same cars. I am all for automatics in the high density traffic situations where the relief from constantly changing gears is most welcome.
Late last year, when Mukesh Ambani, the richest resident Indian, bought his wife Nita an Airbus A-319 corporate jet, the world sat up and took notice. At Rs 225 crore, the price tag of this “gift” had everyone gulping. A few months down the line as we sat down to finalise the cover package for this fortnight’s BT More, we realised that dozens of corporate honchos do, in fact, own private jets in India—and their numbers are growing.
Ceri Rocca, vehicle interior stylist and consultant with Design Q, the well-known UK-based aerospace designing firm, tells you how to make the interiors of an aircraft resemble a home or a luxury hotel suite.
Gangsters have always fascinated us. There’s something about the “glamour” and the guts associated with criminals that keep us riveted. We take a look at three new DVDs on gangsters, real and fictional.
Diplomacy is nothing but war by other means. This principle, first propounded in the Mahabharata, gained popular acceptance across the world after it was incorporated in Niccolò di Bernardo dei Machiavelli’s “realist” political treatise, The Prince.
Caution is back in boardroom discussions in corporate India. There is still optimism, but irrational exuberance—a phrase popularised by Alan Greenspan, former chairman of the US Federal Reserve—has, for all practical purposes, gone out of the picture.
As the US subprime crisis spooked the world’s equity markets, gold, a traditional safe haven asset, moved sharply up and touched an alltime high of $1,038 (Rs 41,520) on March 17 this year, but has corrected since then. This makes gold more afforadble for people, especially in this part of the world.
SBI Chairman O.P. Bhatt may talk about wanting to increase lending rates, but his bank was among the first to cut home loan rates by 50 basis points last month. It isn’t the only one. Several banks have done so over the last few weeks.
The crash in stock prices has prompted several companies like Reliance Energy (REL), Patni Computers, Gujarat Flurochemicals, Great Offshore, Madras Cements and JB Chemicals to buy back their shares from the market in order to prop up their sagging prices, boost investor confidence and increase the underlying valuations of their stocks.
These are extraordinary times, not just for India but the whole world. At no time before in world history has inflation and economic downturn combined to create a “caught-between-ice-and-fire” situation. In India, rising inflation coupled with a moderating economy does signal a cyclical slowdown, but the country’s long-term growth story is still intact. An analysis by BT's Shalini S. Dagar.
The statutory body, which is supposed to regulate higher education in the country, is a sclerotic, bureaucratic organisation that is, instead, vitiating the atmosphere of technical education in India. In the past, it has been often accused of approving institutions with questionable credentials even as some of India's premier institutes have found it difficult to gain recognition. Rishi Joshi reports.
India is the only major country in the world that measures its inflation rate according to the Wholesale Price Index; most others do it on the basis of the Consumer Price Index. Here we take a look at how this important statistics is calculated worldwide.
The Chennai-based Sanmar Group will soon be among the top 10 foundries in the world (top three in the case of steel casting capacity) and ranked 20th in terms of global PVC capacity (second in India after Reliance Industries). By 2010-11, its revenues are expected to touch Rs 7,000 crore, with 45 per cent of it coming from outside India. BT's N. Madhavan says that the transformation has indeed been rapid.
NBFCs are aspiring to become one-stop shops for all financial services, and, in the process, coming into direct competition with scheduled commercial sector banks, especially in the private sector. Large NBFCs, such as Reliance Capital and Indiabulls, are giving banks a run for their money in many of their traditional segments. BT's Anand Adhikari reports.
Shyam S. Bhartia is pursuing his MNC dreams with a vengeance. Last week, the Chairman & Managing Director of the Rs 1,610-crore Jubilant Organosys snapped up Canada’s Draxis Health for $225 million (Rs 900 crore) to bolster his group’s presence in the lucrative North America region.
Among the largest Europe based asset managers, AXA Investment Managers manages $830 billion or Rs 33.2 lakh crore (December 2007) in assets. AXA Investment Managers Global CEO Dominique Carrel-Billiard was in the country recently even as its domestic joint venture, Bharati AXA Asset Management, received SEBI’s nod to roll out mutual fund products for the Indian market. In a conversation with Mahesh Nayak, Carrel-Billiard spells out his plans for India, the effect of the subprime crisis, and lots more.
There’s a new leader in the Indian tyre market. Raghupati Singhania, Vice Chairman and Managing Director, JK Tyres, recently acquired Tornel, a Mexican tyre maker with an installed capacity of 6.6 million tyres, for Rs 270 crore.
Appointed: Ganesh Natarajan, Deputy Chairman & Managing Director, Zensar Technologies, as Chairman of NASSCOM for the year 2008-09. Pramod Bhasin, President & CEO, Genpact, has been elected Vice Chairman of NASSCOM for the current year.
I did a quick analysis of the e-mails i get from readers. It was quick because I don’t get hundreds of e-mails! Poor jokes apart, this is what my analysis showed. At least 80 per cent of the queries that readers send me each fortnight is: “How do I get rid of my belly flab?”
The inability of the Navratna PSU to meet delivery deadlines on power generation equipment is one of the primary reasons for the country's power defecit. However, K.R. Balasubramanyam tells us that BHEL may still prove the sceptics wrong. BHEL bags Rs 18 bn contract from NTPCBHEL unit in Hyderabad registers profit
Bee-keeping continues to be largely an unorganised activity in India and most farmers take it up on a small scale as a way of supplementing their incomes. However, the hardworking farmers in Punjab have found an equally diligent partner in honeybees and are making a buzzing business out of bee-keeping. Kapil Bajaj writes about the spirited bee-keepers in the state.