|
What are P-Notes? - Participatory notes (PNs) are
instruments used by foreign funds, not registered in India,
for trading in the domestic market. They are a derivative
instrument issued against an underlying security that
permits the holder, some of whom may not be eligible to
trade in Indian stock markets, to get a share in the income
from the underlying security. The investors, who buy PNs,
deposit funds in US or European operations of the FII, which
also operates in India. FII uses its proprietary account to
buys stocks in India. A government report has said that FII
or the broker acts like an exchange since it executes the
trade and uses its internal accounts to settle this. Other
such instruments include equity-linked notes, capped return
note, participatory return notes and investment notes.
18-Oct-07 |
More |
|
Creating a modern Indian city: An interview with Delhi?s
chief minister - Dikshit would be among the first to
acknowledge that progress has not come fast enough or
without snags. Delhi is straining under the weight of a vast
and growing population. More than 13 million1 people live
there, and half a million more move in every year. Decision
making can be excruciatingly slow, especially since her
administration shares authority in the city with elected
municipal leaders and a lieutenant governor appointed by
India?s president. Recently, Shirish Sankhe, a director in
McKinsey?s Delhi office, met with Dikshit in her residence
and discussed the challenges of urban development in India,
as well as some of her successes. 18-Oct-07 |
More |
|
India 2nd favourite destination for FDI - India has
emerged as the second hottest FDI destination of the world,
next only to China, but ahead of Russia and Brazil. While
large markets along with cheap labour were driving
transnationals to invest in India and China, United Nations
Conference on Trade and Development's (Unctad) World
Investment Prospects for 2007-09 has put US, which reclaimed
the top slot as the biggest FDI recipient, as the third
preferred destination. The World Investment Report 2007,
released on Tuesday, pointed to the interest shown by
foreign retailers in India as a possible sector for inflows.
In addition, poor infrastructure and banking sector
liberalisation and the gaining strength in manufacturing
sectors like steel and petrochemicals were flagged.
18-Oct-07 |
More |
|
An uncivil society - On a weekday afternoon
recently, a bunch of young men disrupted the screening of
?Gandhi, My Father? in a plush cinema in one of Gurgaon?s
many new malls. They laughed and yelled abuses at the
Mahatma as the movie was coming to its poignant end. The
senior citizens and housewives, the audience that afternoon,
were helpless. As they filed out of the hall, looking
disapprovingly at the hooligans, one of the young men
advanced menacingly to a woman, and said, ?You have a
problem, do you?? Let us say it clearly, we have a problem.
Incivility and violence in our society have reached
unacceptable levels when school boys are dragged out of
their school bus and beaten up in an upper middle class area
of Delhi because they tried to stop some young men from
teasing their female school mates; when police recruits go
on a rampage molesting female students in Delhi University;
when dozens of scheduled caste men are lynched in a Bihar
village; when a rickshaw puller is beaten to a pulp by a
crowd in the presence of police men; when stories of road
rage resulting in death are daily fare. All violence against
living beings is sickening. (We at Bee Management share Arun
Maira's concerns and extend our support to the cause)
10-Oct-07 |
More |
|
Small retail cos embrace IT to spruce up ops - After
domestic retail biggies, mid-to-small retail chains are
queuing up to embrace IT solutions to spruce up operations.
These players are concentrating on building their IT
infrastructure with the sector getting crowded by
financially strong corporate houses and the likes of
Wal-Mart. Industry sources claim that emerging retailers are
increasingly adopting IT solutions for merchandising and
supply chain requirements, multi-channel requirements, store
level innovations and planning as well as for business
intelligence solutions. Interestingly, even mom-and-pop
stores are beginning to invest on tech infrastructure.
10-Oct-07 |
More |
|
Call it a power play in Arunachal Pradesh. Tucked
away in India?s North-East, Arunachal Pradesh may produce
25,000 MW of hydel power in the next seven to eight years.
Of this around 65% of the total generation may come from the
private sector alone. That means the total installed
capacity of just one state in India will be more than the
combined power generation of six ultra mega power projects
of 4000 MW each. What?s more, the projected capacity is more
than 24,800 MW which is India?s current installed capacity
of all hydro projects put together. Statistics speak loud.
It is estimated that once the power generation begins,
Arunachal Pradesh will earn an annual revenue of Rs 6,000 cr
per year from hydel projects alone, which will be 380% more
than the current expenditure budget of the entire state.
19-Aug-07 |
More |
|
Unilever shares soar on takeover talk - UNILEVER is
once again being seen as a takeover target, and its share
prices rose across European markets on Wednesday. Unilever
shares closed 2% up, after rising 4% on FTSE and 2% in
Amsterdam, amidst a whole range of rumours surrounding the
Anglo-Dutch major: one report cited competitor Colgate
Palmolive as a potential buyer, a number of others said the
price had been talked up on expectations that Nelson Peltz
is to take a stake in Unilever, and another report even
mentioned Procter & Gamble and private equity in the
takeover talk throughout the day, covering more or less all
possibilities. Neither Colgate Palmolive or Unilever would
comment on the rumours. Analysts said that a bid cannot be
ruled out, but a market capitalisation of over £20 billion
can make any M&A approach a daunting task. 02-Jul-07 |
More |
|
What makes managers & societies tick - It is high
time we questioned the value of economic and management
models based on an inherently false concept of the nature of
man, says Arun Maira. SOARING executive compensation
has stirred public debate not only in India but also in
hard-core capitalist societies like the UK and in columns of
papers like the Financial Times. Shareholders of companies,
theoretically their owners, in these countries are
complaining about uncapped and soaring executive bonuses.
?Business is hard enough without such tosh?, retorts the CEO
of a British firm in FT?s columns. He goes on to say that
shareholders don?t understand that, ?most of our staff are
rational and, if you cap their rewards, when they reach the
cap they stop work.? That is a remarkable statement. Amused,
one showed this to the old man sitting next in the airline
lounge. He had taken off his shoes and was stretching his
tired legs after a busy week in India. He was the head of a
global charity for children who had retired as CEO of a
large British company. ?If that statement were true, I would
have stopped working ten years back when I retired,? he
said. 02-Jul-07 |
More |
|
Naga model to improve public service delivery - FEW
would confute that India?s bloated welfare bureaucracy is a
drain on the exchequer. Corrupt and indolent as it is,
simply putting more resources at the disposal of the
bureaucracy wouldn?t, for sure, revitalise India?s social
welfare infrastructure which is in perennial disrepair. In
recent years, apparently hoping to make some difference in
governance standards, the central government has, however,
stepped up public expenditure in social sector ? it was up
36% in budget 2007-08, with significant rises in outlay for
Bharat Nirman (32%), education 34% and health & family
welfare (22%). This is not to forget that the combined
expenditure of the centre and states on this count declined
as a proportion of GDP in recent years and that the
larger-than-usual increase in absolute spend by the centre
in the last couple of years would barely reverse the trend.
However, the question is not only of insufficiency of the
resources, but also of lack of efficient (unwasteful) use of
the resources. 02-Jul-07 |
More |
|
Jatropha turns cash crop for farmers - Dwarka-Based
Co Gets Enquiries From UK-Based Companies For Contract
Farming Of Jatropha - JATROPHA farming has now caught the
attention of foreign companies for contract farming. Dwarka-based
P Manek Biofarms, manufacturer of various essential oils,
has been getting enquiries from a few UK-based companies for
contract farming. The firm is engaged in developing nursery
and irrigation development facility to help farmers. The
crop requires less water, grows in arid region and can be
used as an alternative to costlier fuels. Nearly 5,000
farmers will join hands for the project which would enable
the farmers to double their income. ?We have been approached
by a few UK-based companies to take up contract farming in
jatropha cultivation. The future of jatropha seems to be
bright and our focus is on increasing domestic as well as
overseas marketing of the crop,? says P Manek Biofarms CEO
Manish Asawa. The firm has recently tied up with Tata
Chemicals to grow jatropha in a total area of 2,000 acres.
As per the agreement, Tata Chemicals will buy the whole
production and use it for its own manufacturing purposes.
The total investment for the project would be around Rs 400
crore over the next four to five years. 02-Jul-07 |
More |
|
TRADE WILL LEAD THE WAY - At least that's how it's been
as far as Indo-Kuwait ties are concerned. Jhumur Ghosh
traces the trade potential between the two countries. At
first glance, Kuwait may look like just a speck on the
global map. But its size belies its power in the global
economy. Kuwait holds 10 per cent of the world's oil
reserves. India accounts for one of its largest oil exports.
Waleed K Al Hashash, deputy managing director, marketing,
Kuwait Petroleum Corporation says ?We export 250,000 barrels
of mixed crude a day. About 16 per cent of the exports are
to India? he shares. Kuwait has come a long way since its
days of a trade based economy in the 18th and 19th century.
A new era of Kuwait's economic development started with the
discovery of oil in 1938. By the 1950s and 1960s, Kuwait
started developing its non-oil trade by investing overseas
in property and businesses in Britain, US, etc. By the
1970s, Kuwait's overseas investment programme grew manifold
owing to its vastly expanded oil revenues. By the late
1980s, Kuwait was earning more from these overseas
investments than it was from the direct sale of oil. These
overseas investments came in handy during the post-Iraqi
invasion reconstruction of Kuwait. Indian companies played a
major role in the reconstruction of war-ravaged Kuwait.
11-Jul-07 |
More |
|
Service sector corners 35.5% of total FDI inflow in 2006
- IF higher industrial production has encouraged India
Inc to invest in new projects, as has been reflected in the
sharp rise in the number of industrial entrepreneur
memoranda (IEM) filed last year ? up from 6,203 involving Rs
3,53,956 crore investment in 2005 to 6,260 with Rs 5,88,271
crore investment ? it has likewise prompted foreign
investors to raise their stake in Indian industries.
Aggregate inflow of foreign direct investment (FDI) has
increased by more than two and a half times from Rs 19,270
crore in 2005 to Rs 50,357 crore in 2006. FDI inflow had
declined sharply in 2003 over the previous year, following
deceleration in industrial growth. Industrial production has
grown rapidly since then and has helped reversing the trend
? industrial production has grown by 11.5% in 2006-07 over
2005-06. 02-Jul-07 |
More |
|
Wait may be over for new SEZ plans - THE wait is over
for developers of special economic zones (SEZ) who submitted
their proposals to the government after April 6. After the
temporary freeze on approvals was lifted, April 6 was the
informal cut-off date for taking up pending proposals for
consideration. Since there was a huge backlog of pending
projects, the government was focusing on them rather than
taking up new ones. More than a 100 proposals have been
approved after the freeze was lifted and the board of
approvals (BoA) is ready to take up proposals submitted
after the cut-off date. 02-Jul-07 |
More |
|
India not friendly to small biz - Ranked 46 Among 53
Countries In Promoting Entrepreneurship. India may have
entered the top league of world economies on the back of
robust economic growth and booming stock markets, but it
ranks among the bottom 10 when it comes to promoting small
businesses.The country has been ranked 46 among 53 countries
in a list compiled by global media conglomerate CNN-Time
Warner group?s Fortune Small Business (FSB) magazine for
their friendliness to small businesses. The less-friendly
approach toward small businesses probably also reflected the
performance of smallsized companies, whose financial
progression pales in comparison to their blue-chip
counterparts. 02-Jul-07 |
More |
|
Smaller realtors take exit route as funds dry up -
LIQUIDITY crunch in the real estate market is driving many
small-time developers to look around for a cover. Many want
to liquidate their land or incomplete projects by selling
them to larger developers or private equity players even on
reduced valuations. What is forcing them to take this
drastic step is the stagnant market, where property rates
are showing signs of a major correction, said industry
sources. 27-Jun-07 |
More |
|
FM won?t treat overseas Indians on par with NRIs -
STRIKES DOWN MOIA PROPOSAL TO GIVE OCIs INVESTING RIGHTS AS
ENJOYED BY NRIs - OVERSEAS citizens of India (OCIs) may
continue to be poor cousins when compared to non-resident
Indians (NRIs). The finance ministry is against giving them
rights akin to NRIs for investing in the country and has
shot down a proposal in this regard by the ministry of
overseas Indian affairs (MOIA). North Block officials have
questioned the rationale behind the Cabinet proposal mooted
by MOIA. If OCIs are to be treated on par with NRIs, a
change in regulations under the foreign exchange management
Act (Fema) would be needed, a government source said. The
official also pointed out that the OCI scheme was notified
in 2005 by MOIA and further clarifications are not needed.
27-Jun-07 |
More |
|
States get 60-day deadline to clear SEZ proposals -
Failure To Grant Necessary Approvals Will Lead To BoA
Striking Off Project From Its List Of Pending Proposals -
THE Centre has warned state governments that if pending
state approvals for proposed SEZ projects are not granted
within 60 days, the proposals would be taken off the list of
cases to be considered by the board of approvals (BoA) for
SEZs. As many as 170 SEZ proposals lying with the commerce
department are still to receive the go-ahead from the
respective state governments, where they are to be set up.
Reliance ADAG?s proposal for a multi-product SEZ in Noida
also figures in the list as the Mayawati regime has
withdrawn the state?s approval. 27-Jun-07 |
More |
|
India is top job-spinner in Bric club - But Must Grow
Faster To Keep Pace With Rising Unemployment - For reformers
who have often had to battle the taunts of jobless growth,
this may be a piece of good news. A study by the
Organisation for Economic Cooperation and Development
(OECD), a club of rich countries, has brought out the
pleasant fact that India has been generating more jobs than
any of its Bric counterparts (Brazil, Russia & China).
20-Jun-07 |
More |
|
Planning board seeks rethink on industry, SEZs -
Sounding alarm bells on the growing disparity between the
rich and the poor, the Maharasthra planning board has
recommended a complete reconsideration of the state?s
industrial and SEZ policies. Emphasising on a development
plan aimed at greater job creation and improvement in the
quality of life, vice-chairperson of the board Ratnakar
Mahajan said more incentives and tax concessions to
industries in SEZs would fuel an economic divide in society
and also hurt local businesses. 20-Jun-07 |
More |
|
Realty stage shifts to smaller towns - If you are
unable to invest in real estate at the prevailing steep
rates in the metros, a good idea would be to look at
properties in smaller towns and cities which are still at a
nascent stage of witnessing a realty boom of sorts. After
reaching dizzying heights in metros like Mumbai, the real
estate action is gradually shifting to upcoming smaller
towns and cities. Chandigarh, Guwahati, Nagpur, Bhubaneswar,
Ludhiana, Surat, Kochi, Indore, Visakhapatnam, Mysore,
Coimbatore, to name a few, have been described as ?emerging
centres of growth? which are now lending sparkle to India?s
booming economy. 20-Jun-07 |
More |
|
India?s outbound FDI to touch $35bn - India Inc?s
shopping-spree across the globe is at an all-time high and
will continue to be robust even in 2007, says a report by
Ficci and Ernst and Young. The total outbound deals, which
were valued at $4.3 billion in 2005, crossed $15
billion-mark in 2006 and it could well breach the
$35-billion level this year, the report on ?Direct
investments in the United States of America by Indian
enterprises? said. 18-Jun-07 |
More |
|
SEZ: A tipping point - Budhadeb Bhatattacharya, chief
minister of West Bengal, must wonder what he did in his
previous life to deserve Mamata Banerjee in this one. All
his good work to make Bengal attractive to investors is
beginning to unravel. Companies have begun to shy away from
Bengal for safer, more attractive destinations. After Mamata
threatened a few weeks ago to pull down their boundary wall,
even the Tatas are worried and must rue their decision to
build a car factory in Bengal. Most Indians, however, are
confused by this debate, especially this animal called
Special Economic Zones (SEZs). 17-Jun-07 |
More |
|
Ensure VCs don't drag you out of your venture -
Starting Up takes you behind scenes with the legal
modalities of a term-sheet deal and gives you the dos and
the don'ts while bringing on board a venture capitalist.
16-March-07 |
More |
|
Ottawa pitching trade deal to India - Agreement would
create huge market for service industry. Ottawa will on
Monday call for Canada and India to pursue a free-trade
agreement, saying efforts to secure one should start after
the two countries conclude existing talks on a
foreign-investor-protection accord. The message is being
delivered in the Indian capital of New Delhi today by Ted
Menzies, parliamentary secretary to Canada's International
Trade Minister, David Emerson. 12-Mar-07 |
More |
|
The trouble with India: Crumbling roads, jammed
airports, and power blackouts could hobble growth. 10-Mar-07
|
More |
|
Does your school make the grade?: Here are four
things to consider when applying to an undergrad business
program. 10-Mar-07 |
More |
|
Hybrid funds herald entrepreneur's entry : A class of
funds called multi-strategy or hybrid funds has sprung up in
India and the people who run these funds believe they are
exactly what is needed in India. These funds have both
short-term money as well as long-term money and this allows
them to invest in the flavour-of-the-month companies as well
as companies that will deliver returns only in the long run.
19-Feb-07 |
More |
|
Mashelkar prescription may get second opinion : This
may disappoint pharma MNCs, especially Swiss drugmaker
Novartis, which is involved in a globally-watched legal
tussle with the government for getting patent protection for
Glivec ? a drug widely referred to as a gold standard in
treating blood cancer. The government is not inclined to
accept the controversial view taken by Dr Mashelkar panel
that the country does not meet its international obligations
in protecting intellectual property. 19-Feb-07 |
More |
|
Need a financier for your biz ideas? : Hens hatch
their own eggs, but young would-be entrepreneurs may need a
little external support to hatch their ideas into viable
businesses. The government proposes to step in with an
incubation fund. It could be announced in the forthcoming
Budget. The fund will help graduates from leading technical
and management institutes with the seed money to float their
ventures. 19-Feb-07 |
More |
|
India emerging as key biotech leader in Asia: Agri Expert
: India is emerging as a key biotech leader in Asia,
surpassing China for the first time in areas planted with
biotech seed, according to a leading agricultural
researcher. 18-Feb-07 |
More |
|
No one can exclude India in expansion plan : With the
proposed Delhi-Mumbai industrial corridor set to attract big
ticket investment from Japanese companies, the Japan
External Trade Organisation (JETRO) has geared up to play a
role of a facilitator in India. JETRO chairman and CEO Osamu
Watanabe, expressed optimism that more Japanese companies
would like to invest in India. However, he indicated a few
regulatory bottlenecks which have not been addressed as yet.
18-Feb-07 |
More |
|
Primary market a goldmine for retail investors : If
this year?s IPO listings are any indication to go by, it
would seem more and more issuers are pricing their IPOs
conservatively to attract buyers. Out of the 13 IPOs that
have been listed so far, the current market price of 10
issues is more than the offer price. In some cases, it has
doubled and in a few cases, it is three times more the offer
price. The primary market is thus proving to be a ?goldmine?
for retail investors, in terms of quick gains from the
market. 18-Feb-07 |
More |
|
The Economist ? The world in 2007 - It?s been quite
a ride. Firing on all cylinders, the world economy powered
ahead in 2006 at its fastest pace for over 30 years. But
already, heading into 2007, the engine is rattling, the pace
is dropping and the road ahead looks a lot bumpier. On the
face of it, such astonishing growth is an unambiguously good
thing in a country where poverty is still widespread. But it
may be storing up problems for future years. Investment is
surging but it is unclear how much of this is commercially
sound. Overcapacity is rife: as new factories spring up by
the day, output of many products is running far ahead of
demand, depressing prices and profits and ultimately risking
a sharp rise in bad debts as companies struggle to meet loan
repayments. It is a rather different story in the United
States, the world?s largest economy. Two years of steady
interest-rate rises are catching up with America?s serial
borrowers, and spending in 2007 looks set to be a lot softer
than in the past few years. So soft, in fact, that some
economists, while predicting a slowdown, are whispering
?recession? to their personal fund managers. Higher interest
rates will constrain the ability of individuals and
companies to spend. All this suggests a broad-based slowdown
which could easily turn into something worse. The Warren
Buffet of Mumbai, Mr. Chandrakant Sampat comments. 28-Dec-06
|
More |
|
Some straight talk on SEZs - With a stiffer export
obligation of 60-75% of production, 60-75% reservation of
land for production units and logical and fairer land
acquisition process, SEZs may serve the ends that they
should serve. At the outset let me say that I welcome all
policies, schemes that encourage investment, technology flow
and employment generation in the country, be it by domestic
investors or foreign ones. Any effort to improve
infrastructure and provide a hassle-free business
environment is worthy of encouragement. In that sense, the
SEZ policy is a welcome one, says Rahul Bajaj. 04-Oct-06 |
More |
|
Engineering Outsourcing The Next Sizzler - The
$750bn-A-Year Global Engineering Services Sector May Be The
Next Big Thing For Offshore Firms. AFTER tweaking codes,
testing software, answering calls and processing documents
it's probably time for India Inc to look at engineering
services outsourcing (ESO). And with good reasons
Engineering services a $750 billion-a-year global industry
promises to be the next big frontier for offshore firms to
tap. While only $10-15 b of the $750 b is at present
offshored, the potential is huge, it may reach $150-225 b by
2020. Already global companies in the telecom, automotive,
aerospace, utilities, construction and industrial machinery
are looking at India to cut costs via ESO. India has the
potential to corner a share of $12 b to $16 b by 2010, but
the more likely scenario is a size of a mere $3b to $5b! To
take a big bite into the ESO pie India has to fight off
competition from Israel, China , Canada, Mexico and East
Europe. 04-Oct-06 |
More |
|
'Market research is growing rapidly in India'- They
are the trend trackers of the world. Through surveys, polls
and data crunching, market research firms help companies as
well as the media spot emerging trends and gaze into the
future. Their role could not have been more critical in a
rapidly growing economy where technology, rising incomes and
global exposure is stirring up socio-economic norms at all
levels. Thomas Puliyel, president, IMRB International, one
of India?s leading market research firms, spoke about how
market research firms are trying to grow and capture the
evolving trends better. 25-Sep-06 |
More |
|
RBI to clear $1bn foreign VC funds in realty space -
Foreign venture capital investment in the real estate sector
may finally see the light of day. The funds had been blocked
due to differences between regulators. The government has
asked the banking regulator ? the Reserve Bank of India ? to
approve proposals submitted over seven months ago by dozen
foreign venture capital firms to invest in the Indian realty
sector. These firms had lined up plans to invest over $1bn
in real estate projects here. 25-Sep-06 |
More |
|
What's Really Propping Up The (US) Economy - Since
2001, the health-care industry has added 1.7 million jobs.
The rest of the private sector? None. If you really want to
understand what makes the U.S. economy tick these days,
don't go to Silicon Valley, Wall Street, or Washington. Just
take a short trip to your local hospital. Park where you
don't block the ambulances, and watch the unending flow of
doctors, nurses, technicians, and support personnel. You'll
have a front-row seat at the health-care economy. 14-Sep-06
|
More |
|
Why India will overtake China - Despite recent
growth, political oppression will keep the Asian tiger on a
tight leash. 31-Aug-06 |
More |
|
Sancheti hospital goes for 'block booking' - Pune -
Setting a precedent in medical tourism, renowned orthopaedic
surgeon K H Sancheti on Friday announced an exclusive tie-up
with the Oman government to treat a batch of 272 patients
with advanced complications from arthritis, scoliosis (spine
deformity) and major mismanaged fractures. "This is probably
the first tie-up at the government level," Sancheti, who has
been awarded the Padma Bhushan said, explaining that
collaborations with government agencies abroad will further
boost medical tourism prospects in India. 05-Aug-06 |
More |
|
Mr. Gopalakrishnan (IIT Alumni IIT KGP) succeeds Mr.
Ratan Tata as Chairman of Tata Sons Ltd.,the holding
company for many of the Tata Bluechips like Tata Steel, Tata
Motors, Tata Power, Tata Chemicals,Tata consultancy
Services(TCS),Voltas, etc. Possibly, he is the first non-Tata
person to head the Tata Empire. This article has been
written by him. 02-Aug-06 |
More |
|
Textile companies go shopping abroad - The $35-bn
Indian textile industry will soon be witnessing a number of
cross-border acquisitions by Indian businessmen, according
to a study made by a team of KPMG professionals specializing
in cross-border acquisitions and mergers. 26-Apr-06 |
More |
|
Indian investors can go for a commodity portfolio now
- The world of finance never ceases to amaze. There?s never
a dearth of men who are willing to design the right product,
hawk it to the right investor and even tread the regulatory
twilight zone in chasing the smart money. You have heard
about portfolio management services (PMS) in shares, where a
high net worth individual (HNI) asks the broker to manage
some serious money, say a crore, and even gives him the
discretion in picking the stocks. 26-Apr-06 |
More |
|
Equity research, client meets, travel arrangements -
There is a rise in number of Indian brokerages which ramped
up their research capabilities, and even those who were
earlier providing a pure transacting platform now have begun
to generate research based `buy and sell? reports.
Basically, it is for these reports, which FIIs receive, that
brokers are paid `soft dollar?. Further, these brokers
service their FII clients by setting up meetings with the
management of any company that the FII client wants to
invest in. Also, some Indian brokers send their analysts
abroad to their clients? offices in Singapore, New York or
London ( in most cases) for discussions and advice.
24-Apr-06 |
More |
|
Firangs eye mid-level jobs in India - The reasons may
be different but the destination remains the same ? India.
Foreign nationals are coming to India to work. And no, these
are not global leaders who are in India on inter-company
deputations nor are they experts who have been brought into
India to fill strategic roles in different companies. These
are ordinary middle to senior management people who, just
want to work in India. 13-Apr-06 |
More |
|
Project Synchronicity
- We have today reached a stage where everyone
knows what needs to be done but unfortunately wants it all to be done by someone
else - possibly a messiah. As India globalizes, at the least
internationalizes and we wish to raise
our efficiency standards to gain from opportunities - at a country level, state
level or more micro firm and entity level, each stakeholder class seems to be
working out of tandem with others. As Mr. Chaini stated synchronicity is the need of the hour and
it may be worthwhile considering a reorientation of the planning commission to
run `Project Synchronicity'. This would be in essence, an effort in inclusive
planning for greater stakeholder receptivity and involvement and therefore
resulting in superior synchronicity for greater
effectiveness. 08-Apr-06 |
More |
|
The global edge (Knowledge Process Outsourcing) -
It?s an irresistible force, and it's on the rise. A few
years ago outsourcing outfits were looked upon as sweat
shops. Now, a few organizations are moving upstream,
swinging into such high value services as consulting,
integration, and architecture. Many countries are now
looking at India for highly technical and knowledge related
tasks, giving birth to KPOs (Knowledge Process Outsourcing),
which are firms that provide technical and functional
services to global giants. 14-Sep-05 |
More (We are proud to have established in 1989
with a vision of this.) |
|
In continuation of our stand on the absence of a wealth
creation model for globalizing India - Our COE had the
pleasure of hearing and meeting Mr. Gurcharan Das on August
28th at the Stanford ATI in Mumbai and read his article in
the Times of India the next day where Mr. Das
commented on the National Employment Guarantee Act. Both
of them have interacted on mail thereafter drawing reference
to quotations from Singapore Ex-PM Lee Kuan Yew and a role
prescription for the newly organized Planning Commission in
India. 06-Sep-05 |
More |
|
Unearthing India's mineral wealth - There's a gold
mine out there?if the government eases restrictions on
market entry and improves infrastructure. 29-Aug-05 |
More |
|
India's economic agenda - An interview with Manmohan
Singh - The prime minister discusses his plans to modernize
the country's infrastructure, attract foreign investment,
and create jobs?all in the service of eliminating chronic
poverty and disease in India. 29-Aug-05 |
More |
|
Hazare to adopt villages in 5 states - After turning
Ralegan Siddhi in Maharashtra into a model village through
people?s participation, veteran Gandhian Anna Hazare is
planning to adopt 80 more villages in five states. Hazare
has visited AP, MP, Gujarat, Rajasthan and Maharashtra to
select the villages, which he would develop into
self-sufficient model hamlets. He said that once the 80
villages were identified, he would campaign for drip
irrigation, family planning and extensive tree plantation
and fight against alcoholism. 22-Aug-05 |
More |
|
Bombay Municipal Corporation Praja Online Complaint
management system - The city of Mumbai has been plagued
by incessant heavy rain and flooding over the past week.
This makes the degenerative and callous growth of the
metropolis evident. Government authorities, development
agencies and construction agencies have been lashed out at
by the public. In the midst of this the BMC claims efficient
redressal through an online complaint management system.
Check it out at your own risk. 01-Aug-05 |
More |
|
Outsourcing Is Good for U.S., Says Professor -
Outsourcing may be controversial in the United States
political debate, but Professor Gene Grossman of Princeton
University believes sending certain jobs overseas is
beneficial. 07-Jul-05 |
More |
|
Service Companies Bank on Word of Mouth - Companies
continually look for ways to measure the effectiveness of
their customer service operations. Now, service-oriented
companies are keeping an eye on customer advocacy. 23-Jun-05
|
More |
|
The return of the NRI - Banks are witnessing the
return of the global Indian who is dumping sizeable deposits
in non-resident accounts. This time, the main draw for NRIs
is not the difference in interest rates but the opportunity
to cash in on the appreciating rupee. Besides, fears of
withdrawal of tax exemptions on these deposits have been
allayed in the recent budget. For the first time since July
?03, when Reserve Bank of India sought to deter deposits
with a cap on interest rates, fresh deposits from
non-residents has crossed $500m in a month in March ?05.
18-Jun-05 |
More |
|
SSI death toll: One in three - The number of SSI
units that have closed down is 42.39% of the total units in
Mumbai. One in three small scale units has downed shutters
in Maharashtra, one of the country?s most industrially
prosperous states. In greater Mumbai, for example, the
number of units that have closed down is 7,347 ? over 40 per
cent of the total manufacturing units in the region. The
writing on the wall is clear if one goes by the third
National Census of SSI units, 2002-03, (the latest figures
available). Consider the figures: half of the 3,343 units in
Aurangabad have closed down. 10-Jun-05 |
More |
|
The Values we choose to live by - To change cultures,
we must change the ?unwritten rules? that guide people,
which they learn from the stories they are told and the
people they admire. Can businessmen be trusted to keep their
word and honour their obligations, even if there is no legal
compulsion to do so? This unspoken question kept popping up,
like Banquo?s ghost, on BCG's Arun Maira's recent visit to
the United States. He was with an Indian mission to promote
India as a business destination. 13-May-05 |
More |
|
CRM for Small Biz Market: Building Better Relations -
Businesses realize that to be competitive they have to know
their customers. But they don't know how much to spend. They
have to get first-level benefits before they move to the
second level, and that could take 12 to 18 months after
deploying a CRM system. 04-May-05 |
More |
|
Getting more from call centers - Used properly, they
can be strategic assets. Call centers have become essential
to the marketing and customer care strategies of many
businesses over the past 30 years. But our experience shows
that most of these facilities don't maximize their
usefulness. No one can argue with the need to keep a firm
grip on costs, but indiscriminately moving customer traffic
to a company's Web site or haphazardly outsourcing call
centers can make them less rather than more effective. The
key is to develop a customer service strategy that
successfully balances costs, revenues generated, and
quality. Only then can companies transform their call
centers into strategic assets that provide a competitive
advantage and promote growth. 29-Apr-2005 |
More |
|
Blogs Will Change Your Business - Look past the
yakkers, hobbyists, and political mobs. Your customers and
rivals are figuring blogs out. Our advice: Catch up...or
catch you later. 22-Apr-2005 |
More |
|
Beyond Blue - Never mind computers and tech services.
IBM's radical new focus is on revamping customers'
operations -- and even running them. It was over a lunch in
Cincinnati two years ago that IBM Chief Executive Samuel J.
Palmisano got his first inkling of Big Blue's next act.
Palmisano was talking business with A.G. Lafley, CEO of
Procter & Gamble Co., one of IBM's big customers. At one
point, Lafley asked Palmisano to estimate how many of P&G's
100,000 employees it truly needed to keep on its payroll.
When Palmisano didn't venture a guess, Lafley stunned him by
saying that P&G might be able to get by with only a quarter
of its workforce. Specialized service companies might be
able to handle everything else, from human resources to
customer care. 18-Apr-2005 |
More |
|
Forget BPO, it's now time for KPO - The acronym BPO
is passé. It's time to move up the value chain for the
Indian BPO industry to KPO, a niche, high-value knowledge
process outsourcing business. Globally, the KPO pie is
estimated to touch $25 billion by 2010. By that time, India
would command a 60% market share, with an employee
requirement of over 3, 00,000, said recent study conducted
by Evalueserve. 17-Apr-05 |
More |
|
MphasiS call centre fraud net widens - It?s a crime
that could only have taken place in a globalised world, the
hacking of bank accounts of Citigroup customers in New York
by call centre employees based in India. The recent arrest
of a number of Pune-based rogue employees of IT services and
BPO company MphasiS BFL, for stealing money from Citigroup
customers in New York, may have had an adverse impact on
India?s growing reputation as the world?s favourite
back-office. Industry observers say that the local police
needs to act fast to restore India?s credibility as a
provider of quality BPO services. 14-Apr-05 |
More |
|
The Digital Hospital - How info tech saves lives and
money at one medical center. Is this the future of health
care? Peter A. Gross has been a doctor for 40 years, rising
up the ranks to become the chairman of internal medicine at
Hackensack University Medical Center in Hackensack, N.J. But
one day this winter, a homeless man checked in to the
hospital with HIV, and Gross made a decision that could have
seriously harmed his patient. He chose to give the patient
an HIV drug, tapping a request into a hospital computer and
zapping it off to the two-year-old digital drug-order entry
system. Moments later he got back a message he never would
have received before the system was in place: a warning that
the drug could mix dangerously with an antidepressant the
patient was already taking. Gross got on the phone to figure
out the problem, eventually asking the man's psychiatrist to
reduce the dosage of his antidepressant. "There's no way I
would have picked that up," Gross says. "It was totally
unexpected." 18-Mar-05 |
More |
Some more |
|
The right passage to India - Companies attracted to
the country?s potential must do more than merely transplant
products and systems that have succeeded elsewhere. India,
for some time now the focal point of the global trend toward
strategic offshoring, has simultaneously become appealing as
a market in its own right. With GDP growth more than double
that of the United States and the United Kingdom during the
past decade, and with forecast continued real annual growth
of almost 7 percent, India is one of the world's most
promising and fastest-growing economies, and multinational
companies are eagerly investing there. 18-Mar-05 |
More |
|
How private equity firms can play in China - Given
the difficulties of doing business there, direct investment
in Chinese companies isn?t always the best option.
International private equity houses are stepping up their
efforts to invest in China in the next few years, reflecting
a gold rush mentality that could leave some investors
disappointed. Private equity funds with good connections and
deep insights account for the bulk of recent investments.
But some new entrants have relatively untested China
investment teams. 05-Mar-05 |
More |
|
Silent Partners - They never meet, but a de facto
alliance has formed between the leaders of Japan and Taiwan.
In dealing with the delicate issue of Taiwan, most
governments follow the American model. They vow at regular
intervals that they recognize only One China?the People's
Republic?but then send diplomatic personnel to Taipei (under
commercial cover), trade with the Un-China, and maintain
discreet official contact. The much heavier burden of
maintaining peace in the Taiwan Strait?making sure China
doesn't try to take Taiwan by force, or Taipei doesn't
provoke Beijing into trying?is shouldered by Washington
alone. 03-Mar-05 |
More |
|
Emerging markets aren't as risky as you think - Are
emerging markets riskier than developed ones? Not if you
take a portfolio perspective on corporate investments.
International companies may be attracted to the promise of
fast-growing emerging markets, but they are unnecessarily
cautious when assessing potential investments there.
Certainly, some caution is understandable. High-profile
setbacks in Russia, difficulties in managing operations in
China, and the on-again, off-again performance of Latin
America have heightened sensitivities to the risks of
investing in the developing world. 03-Mar-05 |
More |
|
Brand building in emerging markets - Western consumer
goods companies entering rapidly expanding emerging markets
should imitate the local competition. European and US
consumer goods makers, confronted by slowing growth at home,
are turning to the fast-growing countries of Africa, Asia,
and Latin America. In 2002 the top 20 consumer goods
companies spent more than $10 billion to expand their share
of these markets, which now account for nearly 40 percent of
all worldwide sales of clothing and grocery products.
However, many such companies find that their expensive
brands and management processes are more a hindrance than a
help in reaching the lower-income segments. 03-Mar-05 |
More |
|
Union Budget 2005 - Finance Minister P Chidambaram
has presented a pragmatic budget given the constraints he is
operating under. There is no major impact of the budget
except on the direct taxes side. As expected and required,
the Finance Minister has earmarked increased funds for
education, children?s welfare, healthcare, backward
communities and backward areas, minorities and rural
development. At the same time there is continuity of
commitment to services, pharma and biotech, infrastructure,
agriculture and urban development. 01-Mar-05 |
More |
|
Cabinet clears FDI in real estate - The
Cabinet Committee on Economic Affairs liberalised rules for
foreign investment in the real estate and construction
sector, a senior industry ministry official said on
Thursday. The move is another step to reform India's
financial sector and deepen the liberalisation process which
kicked off in 1991 when the country embraced free market
reforms. Construction stocks surged as the Cabinet on
Thursday gave in-principle clearance to foreign direct
investment in real estate, reported TV channels. To start
with, the 100-acre criterion for FDI in realty has been
removed. The government will shortly announce its decision
on modifying FDI norms in construction sector to make them
more construction-centric rather than land-centric.
25-Feb-05 |
More |
|
100% FDI in construction gets nod - Government today
allowed 100 per cent foreign direct investment (FDI) in
construction industry in a bid to boost employment and
growth. Announcing the decision, Commerce Minister Kamal
Nath said FDI up to 100 per cent will be allowed under
automatic route in townships, housing, built-up
infrastructure and construction-development projects.
24-Feb-05 |
More |
|
CRM Needs New Pricing Models - The whole software
industry's move toward process rather than transaction is
very much in flux. In fact, says Meta Group analyst Carole
Macpherson, organizations will have to shift from packaged
apps and toward composite applications that contain a
variety of processes to achieve their CRM goals. 17-Feb-05 |
More |
|
Govt (of India) may allow FDI in construction - You
can soon own a sleek three-bedroom apartment in your
neighbourhood which not only has one of those ?phoren?
names, but will also be constructed by a leading foreign
company. In yet another big ticket opening in FDI, the
Cabinet Committee on Economic Affairs is slated to take up a
proposal on Thursday to allow foreign companies in
construction activities. Currently, foreign players are only
allowed to set up integrated townships on a minimum area of
100 acres. The new proposal, mooted by the department of
industrial policy and promotion (DIPP) envisages foreign
real estate developers to undertake small housing projects
without any restriction on minimum land area. 17-Feb-05 |
More |
|
Nath backs 100% FDI in shopping malls, hotels - The
commerce and industry ministry has proposed opening up of
the foreign investment policy by allowing 100% FDI in
construction of commercial properties such as shopping malls
and hotels. The Cabinet is expected to decide soon, on a
proposal to this effect by commerce minister Kamal Nath last
week. 14-Feb-05 |
More |
|
10 TECH TRENDS - Why There's No Escaping the Blog -
Freewheeling bloggers can boost your product?or destroy it.
Either way, they've become a force business can't afford to
ignore. 12-Feb-05 |
More |
|
"It Was a No-Brainer" - That's what Procter &
Gamble's A.G. Lafley says of his decision to buy Gillette.
Here's why he thinks so?and how the deal came about.
08-Feb-05 |
More |
|
Growing, Growing ...Gone? - China's under control,
Europe's finally reforming, and the global economic outlook
is rosy, right? Not quite. TIME's experts peer cautiously at
the year ahead - 2004 was a year for the record books ? the
world economy grew at its fastest rate in almost three
decades. And most observers predict that growth in 2005 will
continue to be relatively robust in Asia, the U.S. and even
laggardly Europe. The developed world, to paraphrase British
Prime Minister Harold Macmillan's 1957 proclamation to his
countrymen, has rarely had it so good. Why, then, are so
many economists so nervous? 06-Feb-05 |
More |
|
Orchestrated growth of Indian Enterprises through
globally situated Free Trade Zones & Special Economic Zones
- a perspective for globally situated Free Trade Zones &
Special Economic Zones promoting their destinations to
prospective Indian Enterprise Investors, to achieve sucess
in greater measure. A presentation made by our Director &
Chief Opportunities Executive at the World Free Trade Zones
Expo 2005 in Mumbai. 04-Feb-05 |
More |
|
What is a Special Economic Zone ? - Special Economic
Zone (SEZ) is a specifically delineated duty free enclave
and shall be deemed to be foreign territory for the purposes
of trade operations and duties and tariffs. At present there
eight functional Special Economic Zones located in India at
Santa Cruz (Maharashtra), Cochin (Kerala), Kandla and Surat
(Gujarat), Chennai (Tamil Nadu), Visakhapatnam (Andhra
Pradesh), Falta (West Bengal) and Nodia (Uttar Pradesh) in
India. Further a Special Economic Zone at Indore ( Madhya
Pradesh ) os now ready for operation. In addition 18
approvals have been given for setting up of SEZ at Positra
(Gujarat), Navi Mumbai and Kopata (Maharashtra), Nanguneri
(Tamil Nadu), Kulpi and Salt Lake (West Bengal), Paradeep
and Gopalpur (Orissa), Bhadohi, Kanpur, Moradabad and
Greater Noida (U.P.), Vishakhapatnam and Kakinada (Andhra
Pradesh), Vallarpadam/Puthuvypeen (Kerala) Hassan (
Karnataka), Jaipur and Jodhpur ( Rajasthan) on the basis of
proposals received from the State Governments. Any
private/public/joint sector or State Government or its
agencies can set up Special Economic Zone (SEZ). Foreign
Companies can set up SEZs. 03-Feb-05 |
More |
|
P&G: Teaching An Old Dog New Tricks - CEO A.G. Lafley
has kicked up the good ideas at the stodgy Midwestern
giant?and the company's growth too. Here's an inside look at
how he's doing it. 29-Jan-05 |
More |
|
TOYOTA - Full Speed Ahead - Toyota CEO Fujio Cho is
driving the Japanese automaker to new heights?and straight
past the competition. 29-Jan-05 |
More |
|
Linux Inc.- Linus Torvalds once led a ragtag band of
software geeks. Not anymore. Here's an inside look at how
the unusual Linux business model increasingly threatens
Microsoft. 21-Jan-05 |
More |
|
FIIs call in at Cyprus for India entry - FIIs are
loving this. Cyprus - the newest EU member - is all set to
become the newest low-tax country for routing foreign
investments into India. The country taxes corporate profits
at rates lower than those in Mauritius. More importantly,
dividends and profits from trade in securities are normally
tax-free in Cyprus. Tax consultants have been advising FIIs
to avoid the Mauritius route due to the questions being
raised on the money laundering front and the majority of the
new FIIs registering with SEBI are dumping Mauritius for
Luxembourg. 10-Dec-04 |
More |
|
Outsourcing is a bubble in India - According to the
father of outsourcing, Michael F Corbett, the bubble is
pertaining only to the market growth, as it is not possible
to sustain the current growth rate (70%). Even as India
enjoys its status, as the most preferred outsourcing hub,
critical but neglected issues continue to pose a threat to
its growth. In the second edition of the annual 'India
Outsourcing Summit 2004', Michael F Corbett, CEO of Michael
F Corbett & Associates Ltd., and popularly known as the
'outsourcing guru', shares his views with Sigi Achappa of
CIOL. Excerpts of the discussion. 14-Oct-04 |
More |
|
Wal-Mart to set up wholly-owned arm here - Wal-Mart
has finally done it. Exactly a year after its top team came
knocking on India?s doors to shop for goods worth billions
of dollars, the world?s largest corporation is setting up a
wholly-owned subsidiary in India for product sourcing
services. 01-Oct-04 |
More |
|
Temasek keeps line open for small equity investments
- The Singapore-based private equity firm Temasek Holdings
has chalked out a strategic plan to tap smaller equity
investments ?involving less than $5m ? through dedicated
funds, while focussing its energies on relatively higher
investments. As part of its India strategy, Temasek, which
has so far pumped in over $500m into the country, is now
considering investment opportunities in new segments. These
include distressed assets and real estate. The investments
will be routed directly or via Funds, depending on the deal
size. 20-Sep-04 |
More |
|
McKinsey plans for India - Planning Commission deputy
chairman Montek Singh Ahluwalia has been part of the larger
effort by the US consultancy company McKinsey to enter
Indian policymaking for at least four years now. He has
finally succeeded in placing representatives of this
organisation on Planning Commission consultative committees
in the crucial areas of agriculture, health and family
welfare, power and energy, as well as higher and technical
education, in a move unprecedented in the history of the
body that Mr Ahluwalia now heads. 10-Sep-04 |
More |
|
India Has Ingenuity - That's why Tata Consultancy
Services's Faqir Chand Kohli says the country's "cost of
doing innovative technology is very, very low". Clearly
visible through the windows of Faqir Chand Kohli's office in
Nariman Point, Bombay's financial district, is the graceful
sweep of the city's bay and beyond that, the bewildering
number of high rises that are rapidly changing the colonial
city's skyline. Kohli has occupied the corner office for 30
years as chairman of Tata Consultancy Services, Asia's
largest software services outfit. Led by Kohli, the concern
pioneered India's phenomenal rise as a power in software
outsourcing. 09-Sep-04 |
More |
|
When Marketing Can't Go by the Book - Bored with the
Holocaust, reviewers wouldn't even give my new book a look.
So, like any entrepreneur who believes in his product, I've
had to make make my own rules. Last month, I attended a
prerelease screening of a German movie, Rosenstrasse, the
story of a group of Christian women who conducted street
demonstrations in Nazi Germany to win the release of their
imprisoned Jewish husbands. While I thought the movie was
well done, I was more intrigued by the guest of honor at the
event, Meyer Gottlieb, the president of Samuel Goldwyn
Films, a New York-based film distributor. 09-Sep-04 |
More |
|
Investing in Growth - Putting money into your
business, even when times are bad, reaps a richer harvest
when the economy picks up, according to a new study. "You
have to spend money to make money," the old saying goes --
and the latest look at U.S. small-business owners appears to
support that traditional wisdom. Conducted by accounting
software giant Intuit, the survey polled a national sample
of small-business owners in May and June, 2004, and found
that 64% who had invested in their companies saw growth over
the last 12 months. 09-Sep-04 |
More |
|
Big bulls make way for spin docs - There is a
fundamental shift in the stock market. The lone wolf
operator driving up stock prices is being replaced by a new
breed of players. Portfolio managers, sources say, are
emerging as momentum drivers in the market. The aggressive
style of portfolio managers, who manage funds for wealthy
investors through portfolio management schemes (PMS), has
also contributed to the recent mid-cap stock rally. Earlier,
a successful operator was known by the extent and momentum
of follow-up buying in his favorite stocks. Now, the
momentum in the market is controlled by portfolio managers.
PMS? are becoming increasingly popular with high net worth
individuals. They have grown from almost nothing to collect
close to Rs 3,000 crore. (Our company has promoted PMS as
a preferred stock market investment route for HNW investors
including NRI's since incorporation in 1989. Even today we
reorient the revenue model of stock brokers from the fast
diluting broking streams to `buy side' `fee based' PMS
streams. We align their services with bankers and financial
institutions situated abroad which seek to attract NRI
clientele investments into Indian stock markets. This
article clearly vindicates our recognition of the
opportunity and applied approach.) 09-Sep-04 |
More |
|
Payhikes may kill mid-level IT firms - High salaries
are sweet music to the ears of employees, but may well sound
like a death knell for companies. Especially, if there are a
small & medium size (SME) software service vendors . Head
hunters who focus on the software service sector predict
that huge hikes in compensation cost will cripple sectoral
growth. 08-Sep-04 |
More |
|
Auto parts firms seek Thai base, guard against FTA -
An increasing number of Indian vehicle parts makers are
rushing to establish buying offices and manufacturing bases
in Thailand in a bid to guard against risks emerging from
the recently inked Indo-Thai FTA. While two leading parts
makers ? Sona Steering and Rico Auto Industries ? have
already firmed up investment plans for Thailand, industry
observers said at least 6-7 other companies are finalising
similar strategies. 03-Sep-04 |
More |
|
BPO jobs are moving abroad - The next back-office job
that goes to an Indian outsourcing company may not be moving
as far as you think. In a bid to tap new markets and satisfy
customers keen to outsource to more than one location,
back-office service providers are setting up shop overseas.
Infosys Technologies Ltd's back-office subsidiary Progeon
has opened a centre in the Czech Republic, while MphasiS BFL
Ltd.'s arm MSourcE has a contact centre in Mexico. 02-Sep-04
|
More |
|
World Bank Group Launches New Strategy For India :
The new World Bank Group Country Strategy for India
envisages an increased lending program of up to US$3 billion
a year to substantially scale up the impact of development
efforts on some of the world?s poorest citizens. The Board
of Executive Directors of the Bank discussed today the
2005-2008 strategy, a document that both describes the
Bank?s strategic approach to helping India achieve its
development goals and indicates the level of assistance that
will be provided. 26-Aug-04 |
More |
|
Shoo the shibboleth trader away - Come August end,
and the Union minister of commerce and industry will dwell
on a road map for India?s trade. A trade policy is perforce
an important element of a country?s overall economic policy.
25-Aug-04 |
More |
|
Global retail firms back off on FDI flip-flop - Blame
it on the Red flag if you cannot find globally renowned
retail outlets at your doorstep. With the Left-backed United
Progressive Alliance (UPA) government struggling to push
liberalisation of foreign direct investment (FDI) in the
retail sector, leading overseas players like Carrefour of
France, Tesco and Debenhams of the UK, NTUC FairPrice of
Singapore and John Keels of Sri Lanka ? who were keen to
invest in India ? have shelved their plans as of now and are
looking at other avenues for growth. 24-Aug-04 |
More |
|
2nd-hand research just won't cut it - One aspect of
Indian B-schools that comes in for constant criticism is the
lack of research. It?s no different in the area of executive
education: Professors at Indian institutes don?t publish
enough research in renowned international journals. Such
?visibility?, say experts, is what proves your worth as an
exec-ed service provider. 23-Aug-04 |
More |
|
The reward in taking risks - The risks and rewards of
the world's most dangerous business opportunities. WHEN,
last month, Marsh & McLennan, a huge insurance broker,
bought Kroll for $1.9 billion in cash, some gasped at the
price. Why so much? Because demand for the sort of services
that firms such as Kroll provide?intelligence gathering,
investigation and security, especially in nasty parts of the
world?is now booming, and Kroll is the brand leader. Kroll
is not alone in making money from dangerous parts of the
world. The second-quarter results of Halliburton, a giant,
controversial American conglomerate, revealed that work
related to Iraq contributed $1.7 billion?around one-third?of
the firm's total revenues in that quarter. The revenues of
its engineering and construction subsidiary, Kellogg Brown &
Root (KBR), were 68% higher than in the same quarter of last
year, thanks to government contracts in the Middle East. But
42 of its workers have died so far in Iraq and Kuwait. This
week, Pentagon auditors reportedly found that Halliburton
had failed to account for 43% of the $4.18 billion that KBR
has charged for feeding and housing American troops in Iraq
and Kuwait. 12-Aug-04 |
More |
|
Iraq - India's potential role and
opportunities. - Our COE Rajiv Bhatia provides closing remarks
at a CII Session on the subject where Mr. Haridarshan Singh
Mejie, Chairman of PCP International Ltd. made a
presentation. 03-Aug-04 |
More |
|
Managing Capital Flows in East Asia -
The developing countries of East Asia have grown rapidly
during the past quarter century. This growth has been led by
rapid export expansion and supported by substantial capital
inflows. Initially, most inflows were in the form of
official lending, followed by commercial bank lending with
government guarantees, but more recently the composition has
shifted toward a wider variety of private sources, often
without government guarantees. 03-Aug-04 |
More |
|
Indian ITeS/BPO Industry -
India is the largest ITeS player in the world in terms of
manpower and has the potential to generate direct employment
for one million by 2008. 03-Aug-04 |
More |
|
Foreign Direct Investment Policy & Business Opportunities
-
India is the second most populous country and the largest
democracy in the world. The far reaching and sweeping
economic reform undertaken since 1991 have unleashed the
enormous growth potential of the economy. There has been a
rapid, yet calibrated, move towards deregulation and
liberalisation, which has resulted in India becoming a
favourite destination for foreign investment. 03-Aug-04 |
More |
|
Venture capitalists are leading the way, investing serious
money in India ? in some cases instead of the
much-more-hyped China. Many are saying that if you have a
five-to seven-year investment horizon, the smart money is on
India. 03-Aug-04 |
More |
|
Why are oil prices so high -
Crude oil prices have risen by about 30% this year to levels
not seen since the early 1980s. The latest rises are causing
worries in importing countries about the economic cost of
higher energy prices. 02-Aug-04 |
More |
|
Govt. keen to fix BPO tax ambiguity -
The government states that there were apprehensions in the
BPO industry about a CBDT (Central Board of Direct Taxes)
circular taxing foreign companies outsourcing 'core'
activities from India while exempting the 'ancillary'
activities, and assured that it was looking into the matter.
27-Jul-04 |
More |
|
Impact of the Indian Budget 2004-5 on Non Resident Indians. 20-Jul-04 |
More |
|
Do we need foreign funds for telecom sector -
The debate over raising the foreign direct investment in
telecom from 49 per cent to 74 per cent has thrown up an
interesting question as to how Indian is the country's
telecom sector and whether after five years of
liberalization do we need foreign funds for achieving the
tele-density targets. 17-Jul-04 |
More |
|
India must promote its brand name -
Observing that India had adequate potential to attract
foreign investment, eminent Non-Resident Indian Ram Buxani
on Saturday said the country had to sell itself as a brand
name not only to market its products abroad but also to
attract NRI investment.10-Jul-04 |
More |
|
Bilateral Trade Relations -
EU-India trade has grown impressively over the years, from ?
4,4 billion in 1980 to ?28.4 billion in 2003. Trade with the
EU represents almost a quarter of Indian's exports and
import. The EU is also India's largest source of foreign
direct investment. However, India accounts for just 1.6% of
total EU imports of goods and 0.8% of import of services.
India attracts only 0.3 % of the EU's world-wide
investments. 04-Jul-04 |
More |
|
The debate on outsourcing - Our COE Rajiv Bhatia provides
closing remarks at a CII Session on the subject where Mr.
Ashley Willis, ex ambassador of the U.S.A. to India, made a
presentation. 24-Jun-04 |
More |
|
Take note of India?s anti-capitalism vote - THE
election in India unleashed the usual media platitudes about
the nobility of the people?s judgment in the world?s biggest
democracy. For investors and businesses, however, the defeat
of the most economically successful government in the
country?s post-independence history raises some very
troubling questions, not only about India, but about the
prospects for market-oriented reform and globalization
throughout the developing world. By Anatole Kaletsky -
timesonline 25-May-04 |
More |
|
Retail trading sector to be split for FDI inflow -
The retail trading sector is in for a shakeup, with the
government planning to carve out a new category -- organized
retail business -- where foreign direct investment can be
allowed. This will ensure that entrants in the sector do not
drive neighborhood stores out of business. 11-May-04 |
More |
|
Oil, Currency and the War on Iraq: It will not come as news to anyone that the US dominates the world economically and militarily. But the exact mechanisms by which American hegemony has been established and maintained are perhaps less well understood than they might be. One tool used to great effect has been the dollar, but its efficacy has recently been under threat since Europe introduced the euro. 18-Apr-03 | More
|
|
India's Foreign Trade -
INDIA has witnessed an impressive 96.57 percent growth in
country's exports in less than a decade, since 1995, when
India became a member of the WTO. Country's exports have
gone up from US$ 26.3 billion in 1994-95 to US$ 51.7 bn in
2002-03. The country is slowly moving up the international
trade ladder to attain its target of having at least 1
percent share of total global export trade by 2006-07.
01-Apr-04 |
More |
|
Economics scholar comments on our letter to the Hon'ble Finance Minister: Gaurav Saroliya is 24 years old and hails from Jaipur and is an Economics scholar at the Centre for Development Studies, Trivandrum where he is in the process of finishing his MPhil research. He has three years' work experience as an editor for an organisation called the Research Development Association, Jaipur, which publishes journals like Journal of Accounting and Finance and Management Persepectives. Besides that he has taught French at Alliance Francaise and has alos worked on a UNDP project on behavioural reforms in the police for one year. He has sent us his views on our CEO's letter of October 2002 to the Hon'ble Finance Minister. But before that he comments on the reduction of interest rates by the Fed in the US. 21-Nov-02 | More
|
|
Open letter to the Hon'ble Finance Minister of India Shri. Jaswant Singh : Our CEO writes an open letter to the Hon'ble Finance Minister of India voicing concers over the current economic scenario with a focus on the capital market. 26-Oct-02 | More
|
|
Should You Short this "Rigged" Market ? : Going short in this market may seem like a good way to make money and a lot of folks went short when the markets / stocks were slammed and a gloomy outlook pervaded the markets. This may be a wrong time to be short, unless one has a longer-term perspective, says Pinank Mehta. 19-Oct-02 | More
|
|
Haier Reaches Higher : No foreign brand has ever made it big in the U.S. major-appliance market. But China's top white-goods maker is determined to change that. "It's very difficult to set up a name brand," says Zhang Ruimin, the chairman and chief executive of Chinese appliance maker, Haier. "But if you don't take this road, you will always work for others." As for a major Chinese company manufacturing in the U.S. for the U.S. market--well, that had never been done before. 16-Sep-02 | More
|
|
Stock horror: America's retail investors made record withdrawals from stockmarket mutual funds during July, as shares hit four-year lows, according to data released this week. The sell-off has been followed by a sharp rally, leading some to argue that it signalled the end of the bear market. Is the worst over ? For one, despite the falls to date, American shares are still quite highly valued in historic terms. For example, the S&P500, the broadest of the three most common measures of stockmarket performance, is currently valued at 38 times historic earnings, compared with a post-war average of 15. Moreover, America is running a huge current-account deficit. If foreigners slow down the rate at which they are investing in America, the dollar will fall, as it has already begun to do. Lastly, markets tend to overshoot. So, even if one believes that stocks are fairly valued, it would not be surprising if they fell again before moving into a recovery phase again. 30-Aug-02 | More
|
|
IT grows up: While it waits for signs of a recovery, the information-technology industry is quietly maturing. WAITING for spending on information technology (IT) to pick up has become rather like waiting for Godot. Having grown by 16% in 2000, IT spending in the United States fell by 6% in 2001 and is expected to be stagnant this year. Analysts are fine-combing quarterly results for signs of a recovery. Last week brought some good news: Dell, a computer maker, announced a year-on-year increase in revenues of 11%. But the third-quarter results that HP, another computer giant, is to announce on August 27th will probably be less encouraging. 25-Aug-02 | More
|
|
Sweet Surrender: The market's relentless fall has pushed investors to the breaking point. Hey, could this be the moment we've been waiting for? 25-Aug-02 | More
|
|
Jumping but jumpy: Until their recent rebound, stockmarkets had ignored America?s recovery from last year?s recession. Now that the markets seemed to have regained their nerve, there are still reasons to be cautious. 25-Aug-02 | More
|
|
Asia's Superman swoops again: IN ALL honesty, most of Asia's tycoons, no matter how illustrious they appear at home, are really keepers of glorified mom-and-pop stores. The main exception is Li Ka-shing. This is not because Mr Li dominates the economy of Hong Kong, where he runs most of the port (the world's biggest), has the monopoly on supplying electricity to the main island, ranks among the territory's top landlords and retailers, and owns the biggest mobile-phone operator. Rather, it is because he, alone in his region, regularly makes his powers felt all over the world, and even influences the future of whole industries. 15-Aug-02 | More
|
|
The West may be cracking: Europeans believe that the likelihood that Saddam will pass nuclear weapons to terrorists is small, and that he remains deterrable. An invasion of Iraq is therefore not necessary; containment will work as it has since the Gulf War. And finally, they tend to believe that Muslim terrorists do not represent a general threat to the West, but are focused on the United States as a result of American policy in the Middle East and the Gulf region. The U.S.-European rift that has emerged in 2002 is not just a transitory problem reflecting the style of the Bush administration or the world situation in the wake of Sept. 11. It is a reflection of differing views of the locus of democratic legitimacy within a broader Western civilization. The writer, Francis Fukuyama, is a professor of international political economy at the Paul H. Nitze School of Advanced International Studies at Johns Hopkins University in Washington. This comment was adapted by the International Herald Tribune from a lecture in Melbourne on Aug. 8 that was organized by the Center for Independent Studies. 14-Aug-02 | More
|
|
Building Better IT Partnerships: If information technology (IT) is the future of business, why is it such a pain to manage productively? The reasons lie in the way it has evolved; the solution lies in a move toward partner relationships among technology suppliers. Imagine a world where you could fill your gas tank with only one brand of gasoline because your car was incompatible with all the others. Or think about owning a phone that could only communicate with other phones of the same type. These ideas sound absurd to us. A world organized this way would range from intolerably inconvenient to completely unworkable. And yet, we created such a world in the early days of the IT revolution - Lou D'Ambrosio (HBS MBA '92) is Vice President of Worldwide Sales and Marketing for the IBM Software Group. 10-Aug-02 | More
|
|
Open letter to the Hon'ble President of India Prof. A.P.J. Kalam: Open letter to the Hon'ble President of India Prof. A.P.J. Kalam | More
|
|
The Curse of Empires: Although the US stock market has still failed to exceed its early January high, and although a number of important high tech and telecommunication issues have broken down below their September 2001 lows, there was some great news. We know now that the US is an ?Empire?. According to several articles which appeared in the international press, some of the most notable US commentators and scholars believe that, today, America is no mere superpower but a full blown empire in the Roman and British sense. Some observers even feel that no other country has been as dominant culturally, economically, technologically and militarily since the Roman Empire and that America?s soft imperial policies, tenacity and intellect can spread prosperity around the world. In fact, looking at the history of empires, I wonder why anyone would wish to have an empire because in the long run its maintenance proves to be far too costly. Inevitably, empires experience inflation, rising interest rates, and a depreciating currency. This is not to say that there are no good investment opportunities in empires, but in general better opportunities arise elsewhere, and if I am right in assuming that the US empire is already past its peak, then we will have to cope in years to come with higher and higher inflation and interest rates, and a weakening dollar. - Dr. Marc Faber 04-May-02 | More
|
|
Does India have a revenue model in the process of globalisation ?: A discussion initiated by our CEO - Rajiv Bhatia. "If you want to grow to your maximum or optimum potential, structure your society and your policies such that you can make maximum use of international capital, management skills, marketing skills, technology and knowledge." - Lee Kuan Yew. In the process of globalisation, with regard to India - Are we going to address Indian producers, consumers and investors ? Are we going to create wealth in Indian hands by way of jobs only or investment, profit sharing and entrepreneurial opportunities as well ? We must also bear in mind that salaries are a fraction of revenues whereas market capitalization is generally a multiple of revenues. Is China going to be smarter than us at seeing this and frame its policies accordingly ? We must find a way to equi-distribution of wealth through a free market economy without imposing protectionist restrictions on free flow of capital. At this critical stage of setting our global business model are we going to let our weakest participant and contributor to the economy, the Central Government, determine our path ahead and negotiate our future standing ? Shouldn?t we participate in the deal making at our level too? 17-Apr-02 |
More
|
|
Why is technology investing different?: Discussion forum. In the past, the economics of scarcity prevailed - scarcity of manpower, machines, materials and money. The present and the future will be shaped by the economics of abundance - abundance of technology, knowledge and communities. How do we measure the scarce resources of the knowledge ? intensive world of technology ? attention, intellectual property and knowledge capital? 17-Apr-02 | More
|
|
Buzzing @ Bee Management: In the early 1990's when we were actively providing client services on the bourses, we circulated a weekly newsletter 'Buzzing at the Bourse'. Our vision and expertise have enabled us to develop management insights, solutions and investment management strategies for our clients. These have proved to be very useful tools for this fast changing market environment. On Republic Day this year we once again resume a newsletter with diverse subjects surrounding India, Investing, Equities, Economics, Technology and Management. 26-Jan-02 | More
|
|
Everything you always wanted to know about stocks, BUT WERE NEVER TOLD: OK, quick, answer the question "Whom are capital markets really really meant for?" If you answered ?for investors?, mark yourself an ?F?. It is becoming increasingly clear that capital markets are more for the ?you scratch my back I?ll scratch yours? intermediaries. Such as Investment Bankers, Brokers, Mutual Funds, Corporate Managers, Accountants and Politicians. If, by the time they have gone through the pie, there?s anything left over, its for you, you crummy investors! 26-Jan-02 | More
|
|
The Struggle for the Soul of the 21st Century: Former US President, Bill Clinton, presented the lecture in London on 14 December 2001. His speech considers what is happening in the war against terrorism, and calls for a long-term strategy to address underlying problems in the countries involved. During the lecture ex-President Clinton revisits the themes of his speech at Warwick University in December 2000. 26-Jan-02 | More
|
|
The Top Ten Minds in Small Business: ten gurus on Fortune's list come battle-tested with years of successful work with companies like yours. 10-Dec-01 | More
|
|
Inside Intranets: There is only one rule when it comes to designing and delivering a custom Intranet for a company: listen to the customer. Following this simple rule can only result in a product that benefits the customer and creates real value for the customer's company. 09-Nov-01 | More
|
|
'The mistake was to create the bubble' : Marc Faber is a Hong Kong-based investment adviser and the publisher of the famous Gloom, Boom and Doom report. In June 1990, he set up Marc Faber Limited, which acts as an investment advisor, fund manager and broker/dealer. 31-Oct-01 | More
|
|
Defeating terrorism through global prosperity: When Franklin Roosevelt and Winston Churchill set forth the war aims of the Allies in the Atlantic Charter, they talked about securing "economic advancement and social security" for the entire world. 31-Oct-01 | More
|
|
India outperforms the tigers: Almost everybody in business and politics says the government really must do something to revive the flagging economy. Industrial and export growth are floundering. Bank credit to industry is not taking off despite interest cuts. 31-Oct-01 | More
|
|
We're all Keynesians now: In economic philosophy terms it is really a Keynes versus Hayek debate, i.e., will all the monetary and fiscal stimulus keep any downturn short and mild or will policy be ineffective as the supply-cycle excesses have to be weeded out of the system. 30-Oct-01 | More
|
|
Dollar bubble?: If foreign capital leaves the U.S. altogether, an economic slump would be almost unavoidable -Marc Faber. 22-Oct-01 | More
|
|
Smile! It's Recession Time!: No one likes a bad economy, but it must be hard for these four fortunate guys not to gloat - Geoffrey Colvi. 22-Oct-01 | More
|
|
FMs should lose sleep over stockmarkets: A former Finance Minister, otherwise well respected for his abilities, was quoted to have stated that he lost no sleep over stockmarkets. Whilst this should normally be true, they should, without interfering in its working, be concerned enough to ensure its health. For stockmarket performance has an impact on the country?s economy - J. Mulraj. 22-Oct-01 | More
|
|
Why most Investors are mostly wrong most of the Time!: As an investment advisor, it has been my observation that most investors lose money from their investments because they take most of the time the wrong investment decisions at the wrong time. - Dr. Marc Faber 21-Oct-01 | More
|
|
Driving our Economy ahead: : Extracts of the presentation made by our CEO, Rajiv Bhatia, to management students of a college in Mumbai. 08-Oct-01 | More
|
|
Proud facts about India: These facts were recently published in a German magazine on world history. 08-Oct-01 | More
|
|
Communications Watch: A wireless respite: For months the financial world has been speculating on when and how the wireless industry will be able to rebound. Little did we know it would take a tragedy of epic proportions to spur sales of wireless equipment and services and prop up the sagging stock prices of wireless companies. You take the good with the bad. 08-Oct-01 | More
|
|
Why is India Poor? - Agenda for a New India: Kanwal Rekhi, the Don of Silicon Valley wrote a soulful piece about, Why is India Poor? - Agenda for a New India in the Feburary issue of Silicon India. Rekhi, true to promise, managed to stir up a lot of emotions, with people either totally agreeing with him or totally disagreeing with him. 11-Feb-01 | More
|
|
The Prahalad Prescription: India-born noted management thinker, Prof. C.K. Prahalad, has been most sought after by board rooms across the world for his clear thinking on strategic issues. He is consulting with several leading global companies and helping them re-orient their growth strategies. Recently, at a seminar organised by the Confederation of Indian Industry (CII), he took senior corporate titans by surprise when he spoke about creating consumer markets out of the poor. What does this prescription hold for a country like India with 600 million people in over 6 million villages. Vijayendra Acharya of domain-b examines. 06-Jan-01 | More
|
|
The Costs of the Stock Market Bubble: - By Dean Baker, Center for Economic Policy Research - Most economists who have examined the run-up in stock prices over the last four years have concluded that it is experiencing a bubble which cannot be sustained. If the stock market is significantly over-valued, then the over-pricing will impose large costs on the economy. These costs will both affect aggregate growth and distribution, with the distributional effects having a strong generational dimension. While it will be necessary to further develop estimates of the specific costs noted here, relatively simple calculations suggest that they are quite large compared to other issues that have occupied the attention of economists, as well as policy-makers and journalists. 20-Nov-00 | More
|
|
A structure for Deoxyribose Nucleic Acid: The year 1953 could be said to mark, in biology at least, the end of history. Here is James Watson and Francis Crick's paper on the structure of DNA, which ushered in the new era with the celebrated understatement near the end. 02-Jul-00 | More
|
|
Honest & dishonest tax payers: Almost all of our better companies exercise their options to list in global markets. Domestic investors, for example, were not provided the option to invest, for example, in the issues of Satyam Infoway or Rediff.com. And, of course, we cannot participate in the growth of Qualcomm or Cisco or what have you. The dishonest taxpayer can, and probably does. 26-Jun-00 | More
|
|
Cool companies 2000: Dot-coms are in full retreat, but hot startups keep popping up. Here's a baker's dozen that seem to have a plan for surviving the shakeout. 26-Jun-00 | More
|
|
Commonly Referred To Sayings of Warren Buffett: "Wild swings in share prices have more to do with the "lemming- like" behaviour of institutional investors than with the aggregate returns of the company they own." . 15-Jun-00 | More
|
|
Discussions on Hayek - Best on the Web: "It is hardly an exaggeration to referto the twentieth century as the Hayek century" -- The New Yorker. If you were to know only a single thing about Hayek, you might start with this -- Hayek is regarded as a key figure in the 20th century revival of liberalism. This has led some folks to suggest that the works of Hayek are playing a role in our time something like the role the works of Adam Smith and John Locke played in their own -- meaning that Hayek's ideas are at the forefront of the movement towards a society based on freedom of association and exchange according to the rule of law, and away from the control of society from the center according to the whim of government. So the first thing to know about Hayek is that he has played a lead role in the current tide change away from statism and back to liberalism -- regarded by many as a defining event of the 20th century. . 14-Jun-00 | More
|
|
Equities in 2000: The stock market in 2000 seems to be getting even harder to figure out than it was before. 28-Apr-00 | More
|
|
Value Investing: Long term value stocks in India. 28-Apr-00 | More
|
|
Stocks Markets - Caution: Those who forget the lessons of history are condemned to repeat it. It appears as though India will see dusk before a new dawn. 28-Apr-00 | More
|
|
Mr. Buffett on the Stock Market: The most celebrated of investors says stocks can't possibly meet the public's expectations. As for the Internet? He notes how few people got rich from two other transforming industries, auto and aviation. 28-Apr-00 | More
|
|
Economic Value Added: EVA) is a well-researched and widely-recognized tool used to measure the efficiency with which resources have been utilized by a company. Milan Sanghani of Credit Resources shares his views. 28-Apr-00 | More
|
|
Valuation of Intangibles: Most expenditures on intangible assets are not recognized as investments in either companies financial accounts or the national income and product accounts. This practice may have been reasonable when investment in such assets was a negligible portion of the total investment, but that is no longer the case. 28-Apr-00 | More
|
|
Colgate - stock evaluation: Success-bred-complacency has been suggested as the single largest cause for the fall in Colgate's market standing in the past few years. However things appear to be a changing, weaving a new ring of confidence around Colgate. Avinash Wadhwa & Chandrakant Sampat of Capitalideasonline.com share their views. 28-Apr-00 | More
|
|
Wholly Owned Subsidiaries: In this era of globalisation it is interesting to understand the role of multinationals in the creation of prosperity in host countries. These views, suggested by our CEO - Rajiv Bhatia, were discussed at the Indian Economic Summit meet of the World Economic Forum in December 1999. 28-Apr-00 | More
|
|
Multilateral Agreement on Investments: Multilateral Agreement on Investments or MAI, is in the final stages of negotiation. Lets understand a little more. 28-Apr-00 | More
|
|
Legal Compliances in India: aspects about Indian Law and the Indian Constitution discussed by an emminent lawyer, Mr. Dara Mehta. 28-Apr-00 | More
|
|
Other Links for India.: Useful links to maps, the weather, world time, Indian Government Sites etc. 28-Apr-00 | More
|
