GDP growth number conceals the extent of the economy's implosion
GDP, the broadest measure of economic activity, grew 5.5 per cent in the April-June period. This was the first sequential rise in five quarters, but growth in the headline number conceals the deterioration in important sectors.Chidambaram busy undoing his predecessors tax legacy
Finance Minister P. Chidambaram is busy undoing his predecessor's tax legacy. He is taking the much-needed policy initiatives to bridge the trust deficit with foreign investors.Slowdown fails to impact hiring at B-schools
The economy may be slowing but it seems to have had little impact on hiring at India's leading business schools. Officials at top B-Schools say there would be no dearth of jobs for students graduating next year.Gold prices remain high despite subdued demand due to current slowdown
Gold prices scaled record highs in Aug as investors in the US and Europe preferred the glitter of the yellow metal to the fickle equity markets. Yet overall global demand remained muted as consumer buying in India and China was subdued because of the current slowdown.Maharashtra govt's eco-friendly building norms: What it means
The Maharashtra government is evolving eco-friendly building norms which will be mandatory for large construction projects in the state.CRR (cash reserve ratio) is not applicable to insurance companies, non-banking finance companies and mutual funds that also mobilise funds from the public… it is an unfair imposition on banks, says Pratip Chaudhuri, Chairman, State Bank of India, to wire agencies.
Challenges Shapoor Mistry faces being at the helm
The new chairman of the $2.5 bn Shapoorji Pallonji Group has his hands full as his younger brother Cyrus prepares to take over from Ratan Tata in Dec. Over a century, the business interests of the group have expanded from construction to include real estate, infrastructure, consumer products and biofuels.Reliance Life Sciences may have had an indifferent past, but its future is bright
Reliance Life Sciences may have had an indifferent past, but its future is bright. Biosimilars are widely expected to be the next big growth driver in pharmaceuticals, given that around $80 billion worth of innovator biological drugs will be going off patent by 2015.Companies using music events to build their brands
Bacardi's NH7 Weekender music festival is in its third year. Absolut vodka sponsors Sunburn, a three-day electronic dance music festival, and Nokia sponsors an international karaoke championship. Last year, Coca-Cola launched the Coke Studio @ MTV television series.Shriram Group faces challenges scaling up its non-lending businesses
With its reputation in the lending business fairly cemented, the group is now intent on scaling up its other businesses. Infrastructure is a key focus area.Can local digital advertising networks take on Google?
Local digital advertising networks are expanding by leaps and bounds. They are now gaining greater importance as a slowing economy prompts advertisers to tighten their belts and better target clients. Venture capital and private equity firms are also looking at the sector.Violence at Manesar was a criminal act: Osamu Suzuki
Suzuki Motor Corp Chairman Osamu Suzuki in an exclusive interview with Business Today Editor-in-Chief Aroon Purie and Editor Chaitanya Kalbag says the Manesar trouble has led to the tarnishing of Suzuki Motor Corp worldwide, and pulled down the image of Maruti Suzuki in India.Why Dentsu is in a tearing hurry to scale up in India
Dentsu, Japan's biggest advertising agency, has been looking to expand business outside its slowing home market. The purchase of a 51 per cent stake in Taproot in India by the company's local subsidiary in end-August was part of that strategy.Why V.G. Siddhartha is increasing his stake in MindTree
The founder of the Cafe Coffee Day chain was one of MindTree's first venture capitalists, buying an initial 6.6 per cent stake in the company for Rs 41 a share in 1999. He now owns 22 per cent stake in MindTree through his companies and personal holdings.States chart own growth path even as the centre loses the plot
While the Centre flounders under the impact of a policy paralysis that has followed in the wake of a series of scams, states such as Rajasthan, Bihar, Orissa, Chhattisgarh, Punjab and Kerala are focussing aggressively on development and governance.All eyes are on Coal India as cancellation of coal contracts looms
In the event of a deallocation, the mines are likely to be handed over to CIL. The state-owned producer is by no means the epitome of efficiency when it comes to production and supply. Many power projects are likely to get delayed without assured supply of coal.
None could effectively challenge the Indian players like Volvo did
BT receives scores of responses to its case studies. Best of the lot below is the best one on Volvo (July 8, 2012).
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