Business Today Archive May 4, 2008 Issue

Edition: May 4, 2008

Cover Story

Cautious, but optimistic

Rising inflation will hurt some consumers for sure, but consumption per se is growing, thanks to the wider affluence a strong economy is creating.
Money
The fear that short selling by institutional investors may tank an already depressed market may not come true after all.
In This Issue
The statutory body, which is supposed to regulate higher education in the country, is a sclerotic, bureaucratic organisation that is, instead, vitiating the atmosphere of technical education in India. In the past, it has been often accused of approving institutions with questionable credentials even as some of India's premier institutes have found it difficult to gain recognition. Rishi Joshi reports.
Special
Business Today’s league of extraordinary managers—25 young guns, aged 40 or under, who are blazing a trail up the corporate ladder.
Editors note
With clear signs of a US Economy-led global slowdown and an unprecedented rise in commodity, including food grain, prices all round, how bad are things going to be for the Indian economy? Predictions by most analysts point to a slower GDP growth. Inflation (7.41 per cent at the end of March) is causing concern.
Editorial
Caution is back in boardroom discussions in corporate India. There is still optimism, but irrational exuberance—a phrase popularised by Alan Greenspan, former chairman of the US Federal Reserve—has, for all practical purposes, gone out of the picture.
Top Mind
The Indian Railways has floated a global tender for conducting a pre-feasibility study on building a high-speed rail corridor connecting Delhi and Amritsar via Chandigarh.
Policy Watch
The government is pushing ahead with key capital market reforms. On top of its agenda is a proposal to peg the minimum public float at 25 percent for all companies.
News Maker
There’s a new leader in the Indian tyre market. Raghupati Singhania, Vice Chairman and Managing Director, JK Tyres, recently acquired Tornel, a Mexican tyre maker with an installed capacity of 6.6 million tyres, for Rs 270 crore.
Noted
Appointed: Ganesh Natarajan, Deputy Chairman & Managing Director, Zensar Technologies, as Chairman of NASSCOM for the year 2008-09. Pramod Bhasin, President & CEO, Genpact, has been elected Vice Chairman of NASSCOM for the current year.
Reporters Diary
Tirupur’s textile industry is slowly, but surely, leaving its knotty past behind, discovers Rahul Sachitanand.
BT More
The traditional all-time favourite accompaniment to a pizza is a Chianti Classico, an uncomplicated red wine from Tuscany, Italy, whose acidity cuts through the cooked cheese.
Treadmill
I did a quick analysis of the e-mails i get from readers. It was quick because I don’t get hundreds of e-mails! Poor jokes apart, this is what my analysis showed. At least 80 per cent of the queries that readers send me each fortnight is: “How do I get rid of my belly flab?”
Printed Circuit
Laptops are a dime a dozen, but this HP machine is rather good.
People
Mudra Group’s Bobby Pawar; ArcelorMittal’s Malay Mukherjee; Venkatramani Sumantran, Executive Vice Chairman, Hinduja Automotive; Dileep Choksi, former Vice Chairman, Deloitte Haskins & Sells; Pradeep Guha, CEO, Zee Entertainment Enterprises; and Sam Ghosh, CEO, Reliance Capital.
Leadership Spotlight
Shyam S. Bhartia is pursuing his MNC dreams with a vengeance. Last week, the Chairman & Managing Director of the Rs 1,610-crore Jubilant Organosys snapped up Canada’s Draxis Health for $225 million (Rs 900 crore) to bolster his group’s presence in the lucrative North America region.
Trends

Driven primarily by rising population and increasing middle class income, drug sales in India are projcted to grow at 8 per cent, much higher than most other large markets, says a news report.

Current
It is makeover time for the 110-year-old Godrej brand. The famous Godrej logo, which is actually founder Ardeshir Godrej’s signature, will now look different.
Features
The inability of the Navratna PSU to meet delivery deadlines on power generation equipment is one of the primary reasons for the country's power defecit. However, K.R. Balasubramanyam tells us that BHEL may still prove the sceptics wrong.  
Back of the Book
Bee-keeping continues to be largely an unorganised activity in India and most farmers take it up on a small scale as a way of supplementing their incomes. However, the hardworking farmers in Punjab have found an equally diligent partner in honeybees and are making a buzzing business out of bee-keeping. Kapil Bajaj writes about the spirited bee-keepers in the state. 
Jobs
Retail and telecom perk up, while IT, ITES and manufacturing slacken, reveals the seventh quarterly BT-TeamLease Employment Outlook Survey.
Letters
The cover story on India’s Most Innovative Companies is very encouraging for those who are investing in innovation. Indian
Event
Announcing the launch of the TiE-Canaan Entrepreneurial Challenge 2008.

December 28, 2008

December 14, 2008

November 30 2008

November 16, 2008

November 2, 2008

October 19, 2008

October 5, 2008

September 21, 2008

September 7, 2008

August 24, 2008

August 10, 2008

July 27, 2008

July 13, 2008

June 29, 2008

June 15, 2008

June 1, 2008

May 18, 2008

May 4, 2008

April 20, 2008

April 6, 2008

March 23, 2008

March 9, 2008

February 24, 2008

February 10, 2008

January 27, 2008

January 13, 2008