Cloud computing is expected to be a $42-billion opportunity by 2012, and Indian IT services' top tier doesn't want to lose out on this great white hope.

Buffeted by the financial services meltdown and competition from other locations, the Indian BPO industry is facing its toughest challenge. Kushan Mitra goes into the details.

The potential to become a far more powerful and prosperous nation existed back then, and it exists now. What it requires, as management guru C.K. Prahalad writes so eloquently in our cover story, is not analysis but imagination.

When the stock market was booming, dozens of Indian companies issued foreign currency convertible bonds (FCCBs) to raise cheap capital. But with stock prices crashing and conversion coming up, they are in a soup.

While India Inc. had managed to avert a sharp deceleration in its topline and bottomline growth in the first three quarters of fiscal 2008, it’s the last quarter that perhaps gives a clear picture of where they are headed. Hit by higher input prices and interest rates, corporate earnings growth was down sharply in the last quarter of 2007-08. Now with derivatives losses growing, India Inc. faces anxious times ahead.

The most innovative companies don't do different things, they just do things differently. And that seems to make all the difference.

Six months of survey and analysis, 94 final participants, and hundreds of days of reporting is what it took to bring you stories of India's best employers. Best companies in pictures

With new industries and businesses taking off, the war for top management talent has pushed CEO salaries to record levels. But the fact is, not every CEO is getting paid obscenely and certainly not as much as what some CEOs in the US take home.