Rates have been raised twice as Raghuram Rajan stands, somewhat like the mythical Dutch boy who stands with his finger in the dike, between his townspeople and the terrifying seawater beyond. Senior Editor Anand Adhikari writes about this grim struggle in our cover story.

Without second-generation reforms and a drastic overhaul of its institutions, India is condemned to mediocre income and growth, says Business Today Editor Chaitanya Kalbag.

Business Today Editor Chaitanya Kalbag shares how the rankings of India's top 500 companies have thrown up more than their share of surprises this year.

India sits on some of the world's biggest deposits of iron ore, coal and bauxite, but look at how disastrous our mineral-exploitation policies have been.

In an interview with Chaitanya Kalbag and Goutam Das, Tata Consultancy Services CEO N Chandrasekaran talks about the changing nature of his business, leadership, and people plans.

Hindalco Industries' Managing Director Debu Bhattacharya says if he had known how complex and fraught the process would be to set up an alumina plant and a smelter in Orissa, he would have never put it up.

Business Today Editor Chaitanya Kalbag says the ADB thinks GDP will grow by 5.7 per cent in 2014/15, but it is not as if the tendencies in the Indian economy will go away magically after the elections.

This fortnight we launch the first BT-YES Bank Emerging Companies Survey. It promises to set a new benchmark, just as many of our other surveys have over the years.

Ursula Burns is the first African-American woman Chairman and CEO of a Fortune 500 company and she wears that badge with some pride. Her logic for that is simple: she needs to inspire others - and get some mileage for Xerox, the company she leads - by standing proudly in the limelight. In India late-August to attend Business Today's Most Powerful Women awards, Burns, spoke with Chaitanya Kalbag and Josey Puliyenthuruthel on Xerox's transformation to a products and services company and her personal journey. Edited excerpts:

Rajiv Bajaj is not an easy man to write about. He is both rounded and angular, rooted in his yoga and homeopathy while he is ever willing to poke a sharp elbow in the ribs of his competitors.

The trouble is that our policy dinosaurs don't view inflation as a problem or growth as fragile. The result is that investors, both domestic and foreign, who have to deal with the real economy, have lost confidence, writes Business Today Editor Chaitanya Kalbag.

The \"dog days of summer\" in July and August are commonly identified with stagnation. No better term can be found for our situation, with our politicians in denial about its gravity.

It was a vast and varied quest for both the business of luxury and the reasons for that business to survive and grow in these troubled economic times.

In his first media interaction since The Walt Disney Company took over UTV, Ronnie Screwvala, now turned employee, tells Chaitanya Kalbag and Ajita Shashidhar how he intends to take the company to greater heights.

Our annual Best Companies to Work For survey is a voyage of discovery, and every year the navigational charts are changing as more and more young Indians insert the magic letters \"in\" before \"dependent\" and sally forth from pocket money to real money in their pockets.

We are living through a very painful lesson in economics - the more spendthrift you are, and the more careless in managing your finances, the more you will be forced to pay for everything you consume.

Shankar, a quiet, stocky man with close-cropped hair whom you would pass on a busy street without a second glance, has built a formidable TV entertainment empire for News Corp's Rupert Murdoch over the past six years. He opened up with rare candour over two long conversations with me and Senior Editor Shamni Pande.

Uday Shankar, CEO of Star India, spoke about the company's plans in sports broadcasting, his problems with TAM ratings and the mistakes that taught him valuable lessons during two extensive conversations with Chaitanya Kalbag and Shamni Pande.

When I met Srinivasan at his India Cements office in December 2010, he spoke at length about his business and his passion for cricket: his company had traditionally employed some of India's best cricketers. His story is a reminder of the intertwining of politics, patronage, cricket and money.

Arun Sawhney, MD and CEO, Ranbaxy, defended the company in an interview with Chaitanya Kalbag. Edited excerpts: