The CEO of STAR India Uday Shankar talks about what works for him.
The rural Indian economy, growing at 8-10 per cent every year, will be adding $90-100 billion of new consumption in the next five years, over the current base of $240-250 billion. Brands set up their own retail outlets as they make a beeline for the aspirational small towner. Local retailers in Alwar, Rajasthan, are fighting Big Retail and have lessons for their kirana brethren elsewhere. The rapid income expansion in small towns and villages is pushing retailers to tap opportunities away from the big cities.
The first cars with factory-fitted navigation systems are available.
The book is a drab rendering of an exciting story, says Shamni Pande.
More firms adopt flexible work hours to secure talent and improve productivity but mindsets remain the challenge.
Industrial growth will moderate but the economic recovery will now be driven by agriculture and services.
Jetpacks are back in the news with Time magazine ranking Kiwi inventor Glenn Martin's jetpack as among the best inventions of 2010. Jim Quigley, CEO of Deloitte Touche Tohmatsu, one of the global Big Four accounting firms, spoke to BT's Suman Layak during his recent India sojourn. Edited Excerpts: A chronology of events in mobile number portability roll-out. Building a car for Rs 1 lakh, or even about, is much harder than it is romantic. For, everything about the car must be worked backwards from the self-set price target. India's economic resurgence, it is said, is driven by domestic consumption. Look at the fast-moving consumer goods (FMCG) industry, which has more than trebled in the last decade to Rs 1,300 billion, according to a study by the CII. The relative underpenetration of FMCG products, though, shows that the Indian consumption story is still in its early stages. India Inc gears up for heavy-duty brand promotions. The majority feels that there is need for capital controls to regulate inflows. Some economists feel that the monetary easing in the United States could cause "imported" inflation in developing countries like India. Already, Brazil and Taiwan have imposed controls. I wish the government would... stop this sort of Banana Republic kind of attack on whoever one chooses to attack on a basis unsubstantiated. Ratan Tata, Chairman, Tata Group, on the 2G spectrum scam, in The Indian Express This issue we review Samsung's answer camera to the iPad and the new Apple notebook Airfares have dropped after soaring in November but will continue to be volatile a while. What it means: Tweetup is an organised or impromptu 'meeting' between people who are on Twitter. Cash in on Limited Liability It was one of the important policy initiatives of the United Progressive Alliance government in its first term, particularly for small and medium enterprises or SMEs. Systemic corruption in India can be fixed by making public servants accountable, argues Nagarajan Vittal. Rs 2,200 cr The estimated value of online shopping for consumer goods like electronics and chocolates during Diwali, according to Assocham
Pester Power (BT cover, December 12) is a vivid account of the consumerist culture casting its spell on our children and teenagers.
Starring Montek Singh Ahluwalia, Deputy Chairman, Planning Commission; R.H. Patil and H. Patil, Jalgaon farmers; Tomasso Cavalli, Promoter, Roberto Cavalli Vodka; Y.V. Reddy, Former RBI Governor; Prasoon Joshi, Executive Chairman, McCann Erickson Worldgroup India; Anshul Singhal, President, Commercial, JSW Severfield Structures
Energy and environment solutions provider Thermax acquired Danish boiler and waste heat recovery systems maker Danstoker A/S and its German subsidiary Omnical Kessel for Rs 187 crore ($41.4 million).
The loans scam grabbed eyeballs in late Nov as the CBI arrested officers of banks and housing finance companies. But the more disturbing instances that have come to light are of companies raising deposits claiming approval from one regulator or the other. After winning in premium pumps, Grundfos is ready for the value-for-money segment. Replicating its success will be tough. Nitish Kumar's victory in last month's Bihar election celebrates the triumph of economics over feudalism, but the climb out of poverty will be steep and hard. This is about the first family of the DMK, the ruling party in Tamil Nadu, which grabbed eyeballs because of the alleged involvement of one of its ministers in the Union Govt in the 2G scam. The fastest expanding business in the Indian accounting fraternity revolves around fraud. Fraud is ballooning so fast in corporate India that audit firms cannot keep pace.
Your life is not cheap, but term policies are. They make the best sense if you are looking for peace of mind.
The good news is that India's banks are trying to achieve more of that financial inclusion, and that they have grown quietly and steadily even during - and despite - the global meltdown.