The leader isn't late. It's the others who have arrived too soon. This assurance goes to the readers who await this special issue of Business Today every year. With many publications already out with their versions of annual company listings, some of you may rightly be wondering why BT is late with this annual compendium of corporate India.
Globally, economic events (read: bad news) are moving faster than most of us can comprehend. Here’s an update on the major events that took place last fortnight in the wake of financial crisis. Here’s a primer that will help you vote rationally in the forthcoming assembly and general elections. An NGO and Tata Tea have launched a campaign to get more youth to register as voters. 1.5 million: Accounts at US President-elect Barack Obama’s campaign site, myBarackObama.com. The campaign raised over $600 million (Rs 3,000 crore) contributed by three million supporters, many of whom donated through the Internet More than half of the world’s economy appears to be shrinking. It’s bad news for India. The fortnight’s burning question. Was the Left right in placing roadblocks in the path of economic reforms? Established in 1847, cartier has now set up operations in India. BT’s Anamika Butalia spoke to Bernard Fornas, President and CEO of Cartier, during the Cartier “Travel With Style” Vintage event held in Mumbai last fortnight. In India to push through some aggressive growth initiatives, Graham D. Allan, President, Yum! Restaurants International, met BT’s Shamni Pande for a discussion. Excerpts:
Shelly Lazarus, Chairman and CEO, O&M Worldwide, speaks to Anusha Subramanian about how the global advertising industry is gearing up to cope with recession and her views about Indian advertising and India's creative abilities. Excerpts from the interview: Clearly, the downturn has forced many people to prioritise and scale back, but resilient consumers are still spending and going for affordable entertainment options. They are putting off purchases, downgrading their consumption pattern and tweaking their leisure expenditure, such as drinking and travelling. A report by Kushan Mitra & Anusha Subramanian. With Asian markets down and little hope that Indian markets will behave differently, the lives of dealers have turned upside down. Rachna Monga, who spent a day at a broker's office in Mumbai, says that cricket seems to have taken precedence over market moves. After years of rollicking appreciation, companies that make up the BT 500 are going through one of their toughest phases in a long, long time. As stocks get mercilessly hammered, this may just be the time when the men are separated from the boys. Virendra Verma reports.
When most domestic airlines in India were counting their losses in 2007-08, this was one airline that posted a profit. Today, when others are cutting back on routes and frequency of flights, he has (since September) expanded Paramount’s operations into western India.
Your cover story on India’s best marketers (BT, November 16) could not have been more poignant, especially in the light of the financial crisis that threatens to derail the best of strategies.
Recent developments in the US financial markets have had a direct impact on other sectors and countries across the world. Economies like India’s are slightly more insulated than others owing to the tight regulatory environment. Credit analysts and risk managers are in demand.
Given the deepening economic slowdown, is this the right time to start a new venture? Most of the professionals-turned-entrepreneurs in the world of advertsing featured say it is. Some of them even dismiss the slowdown as a phenomenon that will not, or only peripherally, impact them. Anusha Subramanian reports. Low demand and high inflation has led the companies to determine the right price that strikes a balance between sales growth and profit margins. Increased government spending can help fight economic slowdown. But it won’t. And the reason is not lack of funds. What is needed is a comprehensive booster dose of steroids to resuscitate the economy. Manmohan Singh’s diagnosis is not off the mark, but the delivery is. A report by Puja Mehra.
An enterprise phone is much, much more than a phone.
The sooner you start planning for taxes, the better it will be for you. Here’s a quick guide to get you started. Both sectoral and diversified funds have taken a beating. But, this is a good opportunity to invest in top-rated funds. Currency movements can affect your returns when you invest in international funds and commodities. How can you play it safe?
Two consultants—who graduated out of Harvard as Baker scholars—unveil four simple laws to put companies on the high growth path.
Sanjeev Bikhchandani, Founder & CEO of Info Edge (naukri.com) and Deep Kalra, Founder & CEO, makemytrip.com, are in an enviable situation. The Indian microfinance sector is growing by leaps and bounds but concerns remain over high costs and the direction in which it is headed. The Mittal brothers are giving the conglomerate a makeover. IndiGo manages to avoid getting caught in the turbulence in the aviation industry. Global IT security solutions major RSA is bullish on growth prospects in India.
By SEBI, norms to set up dedicated stock exchanges for Small and Medium Enterprises (SMEs). Such exchanges will be corporate entities and will have to de-mutualise within two years, according to the new norms. Audi’s R8 might cost A pretty penny at Rs 1.17 crore, have a ground clearance that would bottom out on 95 per cent of India’s roads and look like something from Doctor Who, but God, it’s fun to drive.
Fitness novices are often intimidated by the thought of being trapped inside a gym full of men and women with great physiques and perfect-form exercises, and are embarrassed about how they may look like the weaklings, who know little or nothing about how to keep fit.
I would ask for an herbaceous New Zealand Sauvignon Blanc, a good match for vegetarian preparations with my Spaghetti Alio Olio. It may make me look less posh, but at least I can tell myself I have made a sensible wine selection. The Venetian Macao-Resort Hotel has a golf course, 300 designer shops, an artificial lake with gondola rides and the world’s largest casino. Dhiman Chattopadhyay goes on a holiday that every man must go on, at least once in his lifetime. The new Honda City is now sleeker, but is it any better? There’s no doubting that high-definition makes for a super-sharp image. But do you really want to see yourself in that much detail? The arrival of Tod’s in Delhi is the latest chapter in the global expansion of the brand. But it all began with just one shoe. Brit Pop thrilled the music world for a few years in the mid-nineties before becoming a cliché for bad music and big gimmicks. This year, some of the era’s biggest bands are back. And they sound completely different. Come spring 2009 and these beauties from some of the world’s best-known fashion brands will be in stores. choose which label you want to sport. It’s made out of scraps from the Titanic, that’s why. The biggest names from the world of high fashion have launched stunning designer watches which don’t cost a hand and a foot.will it change the luxury watch market forever? If Jeev Milkha Singh is the man of many firsts in Indian golf, Atwal is right up there, too. A few weeks ago, he became the first of his countrymen to win a professional golf event in the US. There are few grander dinner parties than the nobel banquet in stockholm on December 10. but as the man behind it all, chef Mark Phoenix, tells ore, “it’s bloody hard work.” If your idea of fitness is learning how to deliver an effective kick to the groin, try Krav Maga. Neil White’s second novel Lost Souls deals with blood and gore and a lot more. This murder mystery is not for the faint-hearted. A rock and roller, feted by the Italian government and an avid aviator— V.N. Dalmia, chairman of india’s biggest olive company, talks about all this, and more. Recession? What recession? Here’s some shopping therapy to get you through the downturn.
In times of panic, rationality goes out of the window. Reading the papers, one can be forgiven for thinking that India is in the midst of a full-blown recession.
Her techno-savvy credentials are what endeared Sonal Shah, 40, to US President-elect Barack Hussein Obama, who roped in the Director, Global Development, Google.org, to be a member of his Transition Advisory Board.
A bird’s eye view of what’s hot and what’s not on the government’s policy radar.
What is it? BPO Sutra, a social and professional networking site purely for the fast-growing BPO industry.
How badly will the economy be hurt this year and the next as a result of the financial whirlwind? Is demand slackening?... Our experts analyse the impact of the global financial crisis.