The government is wrong on the issue of exempting the Prime Minister even if it was supported by the Venkatachaliah Constitution Commission. The exit of the CEO who led it to record growth is not deterring Viacom18's plans for its next phase of growth. Iran continues to supply oil to India, though India has not paid it for months. No official word on how much India owes Iran is available, but knowledgeable estimates put India's outstanding for the past three months alone at over $4 billion or around Rs 18,000 crore. What if Iran turns off the tap? A pullback in inflation may get delayed and fiscal deficit may expand beyond 5.5 per cent of GDP due to the impact of a slower GDP growth this year on direct tax collections. Contiuous strikes at auto factories over contract workers being paid far less than permanent employees has become a common feature and unless this growing problem is speedily addressed, widespread labour unrest, which seemed to have been laid to rest, may rise again. Micrograam, set up by Rangan Varadan, a former head of banking and capital market verticals at Infosys, has devised an innovative means of extending credit to the poor by creating a portal that brings investors and borrowers together. Sensing opportunity at an estimated $100 billion market, Indian conglomerates Future Group, the Tatas, the Mahindras and TVS entered the logistics market - a sector fast becoming attractive not just for the money, but also the absence of fourth-party operators in India. The second BT-C fore Business Confidence Survey shows companies have lost the optimism they displayed in the first. They are worried, both for their profits and the economy.
The 9,000-tonne vessel MV Wisdom, which has partially settled on the shallow seabed, must be made to float again. This is best accomplished when the tide is in. After it is fully afloat, another tug will tow it back to Alang. In yet another sign of financial recovery, a new global wave of mergers and acquisitions - of big fish consolidating by swallowing small fish - has begun, says a Boston Consulting Group study. Philip G. Heasley, President, CEO and Director of ACI Worldwide, a payment systems and financial services company with a market-cap of $1 billion, is eyeing India for growth. The industry bagged 24 Lions this year at the Cannes Lions International Festival of Creativity in June: three golds, 10 silvers, 10 bronzes and one award for creative effectiveness. SEBI's move to boost derivatives trading is a short-term fix. Policy action needed to free the farm sector from the vagaries of the monsoon, says Devinder Sharma. JetLite handled 470,000 passengers in May, which helped the group set a record for the maximum number of passengers - two million - flown by any Indian airline in a month. Premji's son, Rishad, sells 2.6 lakh shares of Wipro for around Rs 11 crore, reducing his stake from 0.04 to 0.03 per cent. Everything has happened for free in the municipalities. This has to change, and it requires a huge mindset change. Kamal Nath, Urban Development Minister, on why people living in overcrowded cities should get used to paying more for better public services, quoted by a wire agency. Food inflation for the week ending June 16 - the latest figure available before going to press - stood at over nine per cent, contributing substantially to the overall inflation rate. India's and the world's most talked about CEOs. (May 16-June 15) Rs 500-600 cr Cognizant's proposed investment in a new information technology software campus in West Bengal Hathos means a mix of 'hate' and 'pathos', it gives a name to the feeling of pleasure derived from hating someone or something. Two schemes seek to draw foreign insurance and pension funds to India's capital markets and its infrastructure sector.
The banking sector may not be the hottest spot at present, but watch out for cues on when to invest in it.
The LG Optimus 2X is a well engineered device with a good camera, and the company throws in a mini-HDMI to HDMI lead cable with the device. The Micromax Bling 2 A55 is a phone for the ladies, and it never lets you forget that.
Sportswear majors maintain toning shoes improve muscle tone and posture. Are such claims valid, asks Anika Gupta.
BMW India's Andreas Schaff faces two problems - excessive demand for his cars and excessive travel. Edited excerpts from an interview with Kushan Mitra. So many brands, so little time. Ashish Chordia talks luxury cars with Kushan Mitra.
The book is a good read for anyone who wants to understand the various events that led to the global economic crisis, says N.S. Kannan.
Starring: Daniel Sennheiser, Capt G.R. Gopinath, Rishad Premji, Richard Fulton, Vilmos Zsigmond, Peter Snell
The CMD of Bajaj Electricals talks talks about his leadership style.
The cover story, 100 Years Young (July 10), is a great compilation of Indian industrial history. Those were the golden years when India laid the foundation stone of its growth and also made its presence felt in the global arena.
US Treasury Secretary Timothy Geithner and Union Finance Minister Pranab Mukherjee harped on the continuing India growth story, underpinned by robust domestic demand and high savings, at a meeting in Washington on June 28.
The CFO of any modern corporation is right up there beside the Chief Executive Officer in power, responsibility and accountability. A good CFO matters very much in devising the right strategy for a company.
Indeed, for most of Rajendran's 41 years at Lakshmi Machine Works, the challenge has always been one of plenty.
Tablets are flooding the market, but the iPad remains ahead.