Business Today Archive May 26, 2013 Issue

Edition: May 26, 2013

Cover Story

Saradha scam may just be the tip of the iceberg

Saradha scam may just be the tip of the iceberg

Driven by the lack of legitimate savings schemes for the rural poor, inadequate regulations and political patronage, hundreds of illegal Ponzi schemes masquerading as collective investment schemes or chit funds have sprung up across India.
Our special package, "The Oldest Multinationals in India", celebrates the journeys of some of the top global companies in India. Business Today chronicles the stories of eight companies through some of the turning points in their corporate lives. Full coverage
Editor's Note
It turns out that India is crawling with thousands of chit funds and other dubious deposit-taking rackets, and cheat shops emerge from the shadows in examples like the 130 Kerala chit funds that set up office in one building in the industrial town of Faridabad in Haryana.
Truly wise CEOs find a purpose that transcends personal gain, says this book.
Starring: Shinya Ejima, Thomas Andersson, Sunil Lalvani, Jayanti Chauhan and Yogesh Malik
Leadership Spotlight
Ameera Shah, MD & CEO, Metropolis Healthcare admires Mahatma Gandhi.
Etihad's investment is the lifeline that may help Jet Airlines deal with a debt burden of more than Rs 13,000 crore. For Etihad, the deal doesn't just give the Gulf carrier a foothold in one of the world's fastest growing aviation markets. It also helps the airline build the sheikhdom into an intercontinental transfer hub.
A completely independent body, directly answerable to Parliament, must oversee the working of the CBI.

Email is evolving, especially to meet the needs of smartphone users.
Own a smartphone? Want a new job? You can now use the former to look for the latter. Many recruiters have lately begun using mobile technologies to seek out prospective candidates.
The Supreme Court has questioned the Z-category security given to Reliance Industries Chairman Mukesh Ambani. His Mumbai residence Antilla (in pic) will be guarded by a swarm of Central Reserve Police Force personnel armed with AK-47 rifles.
LBS Case Study
7-Eleven is known in the United States as a convenience store chain where customers can grab snacks, drinks and other everyday products on the go. In Indonesia,7-Eleven has been positioned as a trendy spot where young people spend time, surf the Internet and meet friends.

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