- Little wonder then that the incumbents Airtel, Vodafone, Idea Cellular and Tata Teleservices, besides Reliance Communications (RCom) and BSNL/MTNL, have taken on the challenge thrown by the Mukesh Ambani-owned Reliance Industries' bold and disruptive Rs 2,00,000 crore telecom play, Reliance Jio. Retreating is not even an option.
Global reinsurers have been attracted by the potential of the Indian market, but if they are taxed at around 40 per cent, as most foreign entities are - way higher than reinsurers in Singapore or the UAE - they may well limit their investment in India as well as scale down operations in the future if the global economy takes a hit. "Indian companies have gamed the system and made the best use of this flawed immigration system" US Congressman Darrell Issa, who recently introduced a legislation for a massive hike in minimum salary for those employed on H-1B visas. One in every four organisations in India has been hit by an economic crime, including criminal breach of trust, cheating, forgery and counterfeiting. The numbers show the situation is quite alarming The worlds largest ship breaking yard is reviving after struggling for years with environmental issues and poor infrastructure. Highway construction in India hits a record high but is still a long way off the governments ambitious target. India moved to the product patent regime - which allowed patents for innovations for a period of 20 years in tune with international norms - in 2005. Years of poor fiscal management have led to a near-insurmountable debt problem in Jammu and Kashmir. the Finance Bill manages to sneak in some harsh provisions despite criticism. Leading Indian pharmaceutical companies are facing competition in the US from relatively smaller firms back home. Raaja Kanwar, Vice Chairman & MD, Apollo International, tells Anilesh S. Mahajan that the logistics industry is poised for growth. The start-up has launched a range of products to alleviate women's hygiene concerns.
Globally, oil producers have been caught in the crossfire of the Saudi Arabia-led OPEC countries, Russia and the revival of the US shale play. Since last November, the OPEC nations decided to cut oil production by around 1.8 million barrels in a bid to firm up prices. Proactive court tames auto industry, forces shift to BS IV emission norms. The unmatched pace of formation of limited liability partnerships signals the rising regulatory burden on companies. There are a few radical options before the government for dealing with bank NPAs. The tussle between two ministries is causing unwarranted distraction in the trouble-torn pharma space. RIL to contest Sebi penalty for insider trading to protect its image with investors.
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Letters to the Editor Business Today Magazine
Till a year ago, there were almost a dozen players jostling for a piece of the Indian mobile telephony market. Bar a couple of them, most were making losses.
Aligning executive expectations with long-term value creation is critical for designing CEO pay structure. Although Parliament has passed the Bill in its original form, a debate before the judiciary on certain provisions cannot be ruled out. Here is why