Nine years ago, Tata Group shelled out $12 billion to pick up Corus - its biggest purchase till date. Now it is exiting at a huge loss. The distress sale is a dream turned sour for the group that made India's
biggest overseas acquisition at
the peak of the commodities supercycle.
For many years, most of the JVs in the auto sector
involved transfer of technology from the global partner to the Indian
one. While some of these marriages were extremely successful - Maruti
and Suzuki's in particular - others were not.
There are about 100,000 delivery boys working for around 20 established
e-commerce, hyperlocal and traditional logistics companies today
delivering an estimated 1.5 million packages every day - everything from
electronics to furniture to grocery and food.
FM Arun Jaitley claims the database of 1.2 billion bank accounts when
linked with 900 million mobile phones and a billion Aadhaar numbers
would effectively ensure that the subsidy flow only happens to those who
actually need it.
Dr. Tan See Leng, Managing Director and Chief Executive Officer of
IHH Healthcare and Group Chief Executive Officer and Managing Director
of Parkway, spoke to BT's P.B. Jayakumar on plans for India, Fortis'
takeover attempt and investing in Apollo.
Everyone - and not just the farmer - is waiting for a good monsoon. And
IMD Director General Laxman Rathore brought a collective smile to
India's lips by predicting an above-normal - 106 per cent of average -
monsoon this year.
A Delhi based think-tank found that only a fraction of the funds that
were to be spent within its jurisdiction was handled by the panchayat.
The rest is managed by other entities such as state departments,
government-owned organisations, district bodies, and block and taluk
In the third quarter, Dr. Reddy's revenues from India rose
34 per cent from the corresponding quarter of the previous year (partly
due to acquisition of a few established brands of Belgian company UCB
in India). However, in March, the growth was 7 per cent.
For the domestic automobile industry, it is going from bad to worse. It
was already reeling under the three-month ban on the registration of
diesel cars above 2,000 cc in Delhi-NCR. Now, the Supreme Court is considering a 30 per cent Environment cess on diesel cars to lift the ban.
The clause that online marketplaces cannot influence the pricing of
products sold on their platforms as per the recent FDI guidelines for
e-commerce retail, is giving sleepless nights to the $11-billion online
retail industry to lure consumers to shop online.
BT spent time with the four key founders - N.R. Narayana Murthy, Nandan
Nilekani, Kris Gopala-krishnan and S.D. Shibulal - who also occupied the
CEO & MD position, to know about their life after Infosys and get
their views on the opportunities in the current scenario.
Audi India has been the fastest to achieve pole position in the Indian
luxury car market, since its 2007 debut. Last year, though, it lost the coveted spot to Mercedes-Benz. Audi India Head Joe King shares key issues, driving the Indian luxury space and new challenges.
Between 2004 and 2008, business leaders in India and around the world
were in the grip of unbridled optimism. After two years of lacklustre
growth in global GDP, economies around the world had started looking up
by end of 2003.