With inflation at 11.63 per cent (at the time of writing) and rising, it is hardly surprising that the Indian middle class consumer is pinching her pennies. With sharply rising interest rates on loans to finance everything-from homes and cars to two-wheelers, personal computers and holidays-it's no wonder that the credit culture embraced by consumers in a happier, low-interest rate regime not so long ago is now finding few or no takers.
Former major winner and now commentator Johnny Miller thought Mediate looked like somebody who would scrub Woods’ swimming pool. And Mediate didn’t blink an eyelid when he heard of these comments. Goes to show that this guy can not only play golf, he has character, too.
Unlike most New World wines, which open up almost immediately after you uncork a bottle, Meerlust wines take some time to develop their personality. You’ll be better off asking for a 2004 Merlot, which slithers like silk down your palate.
Not only do hybrids utilise energy more efficiently, they also store some of the extra energy generated by the combustion of fuel and use it at times when the internal combustion engine is not running at optimal capacity.
There’s nothing like a well-done rack of juicy spare ribs to go with your glass of Pinot Noire on a cool, monsoon evening. But making perfect spare ribs is no easy art.We cornered David Tilli, the talented French chef of The Taj Mahal Hotel in Delhi, to get a few great recipes out of him.
There's nothing quite like a double shot of espresso and a perfectly grilled sandwich as you sit on a leather sofa or a bar stool admiring the rains outside. Check out these cool cafes where you can do just that.
While a recent report by consulting firm KPMG believes that airlines in India will be raking in profits by 2011 once most infrastructural issues have been sorted out, it is the present that worries most airlines.
GMR has also undertaken half-a-dozen road projects, of which two in Andhra Pradesh and Tamil Nadu are ready. But power is something Rao never lost sight of. Indeed, till December 2007, power accounted for two-thirds of the GMR group’s revenues.
When it rains, it floods—and one is not just talking of India’s financial capital Mumbai, which has reserved one day of the calendar for a deluge. But that’s the least of the worries for the financial hub; it’s more concerned with the never-ending slide of the realty index on the Bombay Stock Exchange.
Fidelity likes to keep managements on their toes. The US-based global fund house, with assets under management of over $300 billion, has a separate team to look at the interest of Fidelity investments relating to corporate governance and vision of the managements.
If it all goes as intended, in the next 8 to 10 months Hyderabad could have a place in a special economic zone (SEZ) for small and mid-size IT and IT-enabled services companies, arguably the first such initiative in the country.
Keane Inc. rationalises its workforce in India the US way. The $1-billion US company with software development and BPO operations in India was in news, but for the wrong reasons. Its decision— more so the sudden manner in which it chose to do it—to retrench some of its workforce, is creating ripples both within the company and in the industry.
Disney isn’t just a kiddies’ brand. Disney Consumer Products (DCP), the merchandising arm of The Walt Disney Company, is venturing into the high-end couture space with clothes and fine jewellery for women
Silicon Valley pro takes another stab at VC funding in India. Kanwal Rekhi's new firm is called Inventus and plans to raise around $125-150 million (Rs 537.5-645 crore) and invest in around 15-20 early stage IT companies.
The $18-billion (Rs 77,400-crore) Chinese telecom equipment giant is trying to leave its early years in India (when it was prohibited from applying for contracts on security grounds) behind and is instead trying to compete on an even footing with its western rivals, including market leader Cisco, Nortel and Juniper.
Nasscom, India’s famous IT industry lobby, and ICICI Knowledge Park in Hyderabad are in the process of setting up what will arguably be the first-of-its-kind early stage fund in the country, meant for the IT and life sciences sectors but with a clear focus on IP development.
Three spectrum slots of 2.5 megahertz on one side and five national private cellular telcos and many more international telcos on the other. The bids for 3G spectrum in India promise to be interesting—and a windfall for the government of India.
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.
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.
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 June 2008.
“I don’t think anything so important happens after office hours that cannot wait till tomorrow... If it does, we just stay in office”Sanjiv Bajaj, Managing Director, Bajaj FinServ, in Business Standard
The BT-Nielsen ranking of India’s top business schools (BT, July 13) highlights the state of B-school education in the country. Barring the top dozen B-schools or so, and these include the IIMs, there are not enough quality management schools in India.
He’s in expansion mode. After reconquering the paper market, which BILT, his flagship company, had long dominated and then lost, he has branched into agriculture and farming. From being a fringe member of the Thapar family to the head of its most powerful branch, Gautam Thapar has come a long way.
Microsoft India’s former Managing Director Rajiv Kaul; Great Lakes Institute of Management’s Bala V. Balachandran; R-ADAG’s Anil Singhvi; Lakshmi N. Mittal, Chairman and CEO, ArcelorMittal; Quatrro’s Raman Roy and SPIC Group’s A. C. Muthiah.
Like in the previous four years, the survey was conducted among equity fund managers of top mutual fund houses and life insurance companies in India, with minimum assets under management of Rs 1,000 crore.
The coverage of the employees Provident Fund Organisation (EPFO) is being widened. The newly constituted Central Board of Trustees of the EPFO has recommended an increase in the coverage of the fund to establishments that have more than 10 employees.
A former wrestler, who has been floored several times in the political arena, Samajwadi Party Chief Mulayam Singh Yadav suddenly appears to have found redemption for his sagging political fortunes, which were being singed by UP Chief Minister Mayawati.
A decade after Cisco came to India for low-cost talent, the networking giant now wants to make the country a hub of innovation and its second global headquarters. Will this novel initiative be successful? Business Today's Rahul Sachitanand finds out.
Suguna Poultry sold Rs 2,000 crore worth of live chicken, eggs and processed meat last year, by sourcing birds from 15,000 small and medium poultry farmers. Now, it is planning a pan-Indian roll-out and even a foray abroad. Can its model keep delivering results? BT's N. Madhavan finds out.
It could well be the most sought-after stretch of land in India. Five global car majors, two commercial vehicle companies, one tractor manufacturer, three earth moving equipment companies, a tyre major and over 100 auto parts producers have either made it their home or will do so soon. A 45-km-long corridor near Chennai is on its way to becoming one of the largest automobile centres in the world. N. Madhavan checks it out.