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Cover Story

  • Misgovernance, slowing investments and rising capital costs threaten the India decade. Unless New Delhi acts decisively, sustaining the economic growth rate will be a big challenge.
  • After the central bank announced its third quarter review of monetary policy on January 25, Deputy Governor Subir Gokarn spoke with BT about the changed scenario for the economy and the RBI's outlook.
  • After a heady 2010, the bulls are on the backfoot in the New Year and the bears are on the prowl. Macroeconomic headwinds and a paralysis in governance could keep the bulls away.
Feb 20, 2011
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Leadership Spotlight Leaderspeak with Subash Menon

Leaderspeak with Subash Menon

Founder, Chairman, MD and CEO of Subex Ltd Subash Menon talks about what works for him.
Jobs A yardstick for management ability

A yardstick for management ability

There is a leadership deficit on vision and people in India, says a new index.
Executive Health The right light

The right light

Light influences the body clock. Bad lighting at work can make you sluggish.
Book How ideas create professions

How ideas create professions

The book is a well-written account of the emergence of strategy consultants, says Arun Maira.
Features Missionary zeal

Missionary zeal

After signing on half a million rickshawpullers, Irfan Alam's SammaaN moves to a for-profit model.

The Hinduja rate of growth

The London-headquartered group recognises the need to step up its pace in India but the brothers have still to take the bit between their teeth.

Operator agnostic

Mobile number portability may trigger a fresh tariff war.

Stick over carrot

Wipro Chairman Azim Premji gets cracking as his leaders miss the mark - for the fourth time. Having junked the joint CEO model, Premji hopes a single person in charge can spark Wipro's revival.

Cruise control

Bangalore Metropolitan Transport Corporation (BMTC) is today a role model for the sector. The once-rickety bus operator has been raking in profits, in stark contrast to the bus services in other cities.

Say hello to fast moving pharma

FMCG companies are tapping opportunities in the growing consumer healthcare market, one of the many categories that blur the distinction between fast-moving consumer goods and pharmaceuticals.

On the road less travelled

eBay founder Pierre Omidyar views his philanthropic investments through the bi-focals of for-profit and sustainability, an idea that seems compelling.

52-day Bull

Normal 0 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Sanjay Dangi shot into the limelight on the Street when he took a long bet on the futures of Ackruti City. In 52 trading days, by mid-March 2009, the Ackruti stock galloped 250 per cent - during a period when the Sensex fell by 10 per cent. Can Dangi, whose wings have been clipped by the market regulator, come back on Dalal Street?

Millions on the wall

After adding a million users a month last year, Facebook logs in to mobile and local languages to spread its reach.

Sundown or sunrise?

The state domestic product, or SDP, has expanded at a modest 5.5 per cent over the last ten years, making it an underperformer compared to other big states such as Andhra Pradesh, Gujarat and Tamil Nadu. But with elections around the corner, hope reignites in West Bengal, an economy most had written off.

Nip This, Tuck That

Normal 0 false false false MicrosoftInternetExplorer4 st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;} Cosmetic surgery is on the rise in a newly-emboldened, go-getter India. Spurred by plain vanity or the need for instant fixes for problems such as obesity, cities across India are seeing a steady rise in cosmetic procedures.

The Hinduja rate of growth

The London-headquartered group recognises the need to step up its pace in India but the brothers have still to take the bit between their teeth.
Event Happy Valley

Happy Valley

It has been a season of new beginnings for the Business Today-Honda Pro-Am of Champions, now in its 16th year.
Money Struggling to retain retail investors

Struggling to retain retail investors

The mutual fund industry is witnessing an exodus of investors, but it has not been able to come up with a definite plan to stop the outflow.
Corporate High on cricket

High on cricket

Buoyed by cricket gear sales, SG pads up to open its innings in the sports apparel and footwear arena.
Columns AICTE fiat sets the clock back on B-schools

AICTE fiat sets the clock back on B-schools

AICTE controls have only facilitated the mushrooming of dubious management institutes, strangulating the growth of good ones in the process.
Technology Bye-Bye MySpace

Bye-Bye MySpace

Why its demise is a cautionary tale for social networking business plans.
Letters Reader's forum

Reader's forum

The transition from a student to a working professional is often the most difficult situation. The Best Companies to Work For (BT cover, February 6) has provided freshers like me an insight into the flurry of thoughts that flood one's mind before taking up the right job
Focus Etcetera

Etcetera

India is planning to come up with its first commercial-scale tidal power station off the Gujarat coast, according to a recent BBC report.

We seek growth in BRIC nations: Joe Kaeser

Joe Kaeser, CFO of the German engineering conglomerate Siemens, was in Mumbai recently to fine-tune the company's India strategy. He spoke to BT's Suman Layak.

India can be an export hub: Ronald 'ron' Defeo

Ronald 'ron' Defeo, Chairman and Chief Executive of Terex, the $4.5-billion construction equipment giant, visited India recently. He took time out for an interaction with BT's Rahul Sachitanand in between meetings with clients.

BT Retro

he challenges remain the same for mid-size IT companies. Infosys and TCS continue to be the IT bellwether stocks on Dalal Street, with well spread out businesses geographically offering end-to-end solutions. The mid-size pack has a lot of catching up to do.

5 steps to here

A quick take on the Lavasa stand-off in five steps.

Decoding the India Story

There is mounting evidence to suggest that India's economic growth will be driven by our propensity to save, and consume.

On record

As you get bigger, you have to learn to delegate. It's also an excellent way to get staff involved in the company's operations, says Azim Premji.

Should the government decontrol the prices of diesel, kerosene and LPG ?

The decision to decontrol petrol prices was a bold policy reform by the government. It substantially cut down the huge oil subsidy burden, helping oil companies reduce losses.

iGate-Patni deal

iGate Corporation will snap up a 84 per cent stake in Patni Computer Systems for Rs 5,612 crore ($1.22 billion).

Review

A new way to buy software and who says cheap can't be cheerful?

Numbers of note

5 million The number of motorcycles Honda plans to sell in India in five years. It will be nearly three times its current sales.

Building a new future

The BSE could change the derivative landscape with the introduction of physical settlement.

The inflation conundrum

The government mulls FDI in multibrand retailing to rein in inflation.

Find out the meaning of a new business word: Seagull Manager

What it means: A manager who interacts only when a problem arises, makes hasty decisions, and leaves behind a mess to be cleared by others.

A timely intervention

There was a compelling argument for setting up the FSDC despite reservations among regulatory bodies like the RBI or SEBI, says Vinod Dhall.
Editors note From the Editor

From the Editor

Four weeks before the Finance Minister presents his annual Budget, we take stock of the macroeconomy.
Interviews Private enterprise needs to think big about society: Amartya Sen

Private enterprise needs to think big about society: Amartya Sen

In an exclusive interaction with BT, the Economics Nobel laureate said, "Entrepreneurship is not just about creating opportunity for yourself; it is also about expanding that opportunity for others."
People People business

People business

Those who know Krishnan Ganesh call him a maverick, a maverick genius at that.