- The chairman of the Aditya Birla Group, Kumar Mangalam Birla, comes across as a very modest, self-effacing person. He spoke candidly and disarmingly about his empire, his business philosophy, and the way he runs his work and his life.
The story is about how an acquired company transformed the acquirer. The acquisition of AXON by HCL Tech had its share of drama. But, once the two companies came together, HCL Tech was pulling AXON into every deal by deploying high-priced consultants. That helped the IT firm in reporting a significant revenue growth. Pune-based First Energy has developed cooking technology that turns agricultural waste into money. The sugar industry stares at an unprecedented glut - all because of excessive state control. The years ahead could well see the sugar industry in a deeper crisis if production rises further and government policy remains inflexible. With the emergence of Gujarat, India now has five large auto hubs followed by Chennai that is often called the Detroit of South Asia. The others are Pune, Pantnagar, and the NCR. As the competition between them is intense, states woo investors with facilities and incentives that avoids concentration of labour in one location. Like any listed company, a rating agency must deliver consistent revenue growth and keep its shareholders happy. Many in the industry argue that, given the lack of a sizeable debt market, agencies look beyond their core business and end up grading business schools, IPOs, MFIs, real estate projects and even hospitals. Is the lack of a vibrant debt market in the country spelling trouble for the industry? Inept and dishonest environment impact assessments tip the scales against Nature. Not only are there numerous many instances of faulty environment impact assessments, but the routine manner in which the government clears them is also alarming. The recent CAG reports on the civil aviation and hydrocarbons sectors reflect that dubious decisions plague India's governance. The auditor general has brought to notice that the country is shackled by an archaic superstructure that is not in sync with an economy on the threshold of crossing $2 trillion.
Hyundai will launch its new small car Eon today. Dubbed as Maruti Alto's competitor, the car has already created a lot of buzz in the market and is expected to hurt Maruti Suzuki more than its striking workers. German car giants at the Frankfurt Auto Show were gung-ho on India.
Religare Enterprises chairman & Managing Director Sunil Godhwani shares his leadership style.
Your cover story (The Takeover Man , October 2) put in perspective the growth of M&M in the last two decades under Anand Mahindra and the trials and tribulations he faced in implementing his ambitious goals.
Starring: Divya Narendra, Vinod Jain, Ashok Soota, N. Srinivasan, Srini Koppolu
If you are fired or sidelined, should you openly air your feelings?
Davidow outlines how overconnectivity can be lethal.
The exclusive club is so yesterday. The ambitious young professional has found a new hangout to make friends and influence people, share corporate gossip, and learn about new job openings or upcoming contracts: the upmarket gym.
With interest rates rising, should you invest in fixed deposits or debt funds?
After his successful anti-corruption campaign, Anna Hazare declared he will wage a similar one for the citizens' right to recall elected representatives. Gmail indeed dominates the e-mail world. In India, Gmail's growth and popularity have been astounding. RBI approves Axis Bank's revised plan to acquire Enam Securities, allows Enam shareholders to receive Axis Bank shares Global food prices are rising again, raising concerns about their impact on poverty, overall inflation, and the fiscal health of developing countries, says a World Bank report. Private equity investors train their eyes on the Indian fashion and luxury space. In August, ahead of the festive season, auto brands jostled for attention in the BT-TAM top 10 mostwatched ads list, with Hero seeking to establish its new identity and Tata Aria burning the track with some racy James Bond-like moves. If the demand is actually captured and work provided, the budget may go up several times… Jairam Ramesh, Rural Development Minister, on the annual allocation for MGNREGA, in Business Standard In September, the focus on business honchos receded as media outlets became preoccupied with Anna Hazare. Among CEOs, Tata Group Chairman Ratan Tata was the most-discussed. An overwhelming majority of respondents has replied in the negative. Not surprising considering the way the government initially sought to push through its draft of the Lokpal Bill, completely ignoring the viewpoint of civil society. On a recent India visit, Alex Thursby, CEO for Asia Pacific, Europe & America, ANZ, spoke to BT's Rajiv Bhuva about the financial chaos in the West and its implication for Asia as well as of ANZ's larger India plans. Edited excerpts of the interview: Unless the government supports it on curbing inflation, RBI will have to kill the high-growth momentum. In the war on inflation, there are limits to what RBI can achieve without government support.
An Aon Hewitt study reveals international employee mobility continues to increase even in a global economy gripped by slowdown.
Both were born with silver spoons in their mouths. Both had greatness thrust upon them by unexpected events - Mansur Ali Khan Pataudi by Nari Contractor's incapacitation, Kumar Mangalam Birla by the sudden death of his father.