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February 08, 2012
I am disappointed with the numbers: Rangarajan
In an interview with Business Standard, he says investments would pick up and inflation would fall in the next financial year, providing the Reserve Bank of India the room to cut rates.
January 09, 2012
'Jharkhand will see loads of foreign investments in near future'
Rediff.com's A Ganesh Nadar caught up with Arjun Munda, Chief Minister of Jharkhand.
November 24, 2011
'I carry Prahalad's intellectual curiosity in my heart'
Dr Venkatram Ramaswamy, Hallman Fellow of Electronic Business and Professor of Marketing at the Ross School of Business, University of Michigan, Ann Arbor, USA, is in India to speak at Guruspeak, an annual event organized by IIM-Calcutta.
November 21, 2011
'Clearing investment bottlenecks a priority'
In September, industrial growth fell to just 1.9 per cent, its lowest in two years. Inflation is at 9.73 per cent, its 10th month above nine per cent.
October 19, 2011
What ails Maruti's Manesar plant
Maruti chairman R C Bhargava tells Sharmistha Mukherjee that there won't be a reduction on its dependence on the facility in Haryana.
October 18, 2011
'India is a solid and insight-driven market'
Amrop believes the economic slowdown will not have a long-term impact on its business, but maybe on technology.
October 05, 2011
Pranab on inflation, rating cut and state of economy
Amid the rituals of Maha Ashtami (the third day of the five-day festival), Pranab Mukherjee spoke to Shine Jacob on the Moody's downgrade of State Bank of India and other issues.
July 21, 2011
'Wipro to perform better in 2-3 quarters'
T K Kurien, CEO, IT business of Wipro, throws light on the company's strengths of weaknesses and its strategy.
July 19, 2011
'India is the core market for RBS'
In an interview with Malvika Joshi and Somasroy Chakraborty, Madan Menon, RBS' chief executive for Singapore and Southeast Asia and head of global banking and markets in India, shares the bank's plans.
July 06, 2011
'Even in a worse situation, we are derisking'
Brotin Banerjee, managing director and CEO of Tata Housing, shares the company's plans and strategy with Raghavendra Kamath.
June 07, 2011
'IT sector provides a defensive bet'
Given the recent weakness in the rupee and the high forward premium, information technology companies can prove to be good defensive stocks with low downside risks in the prevailing market conditions, Moses Harding, head (global markets group), IndusInd Bank, tells Puneet Wadhwa.
June 06, 2011
'3G will help drive value-added services in the long run'
To address this, OnMobile Global, a leading provider, is de-risking its business model by growing its international business.
May 12, 2011
'Market will determine which ratings are credible'
Deven Sharma, president of Standard and Poor's, tells Devjyot Ghoshal that the market and the investor will have the final say on the way forward.
May 11, 2011
Mining: What the govt plans to do
Formulating changes in any law having wide-ranging social consequences is bound to be a tightrope walk for the government.
April 29, 2011
'Digital revolution has just begun in India'
Morel, who was in India recently, spoke to Viveat Susan Pinto and Priyanka Singh.
April 27, 2011
'Companies should be headed by young people'
We need to first give priority to some other important issues such as affirmative action, skill development, growth of manufacturing and getting the mega projects off the ground, says Muthuraman.
April 25, 2011
MindTree chief on its scrapping $8-mn project
Albert Hieronimus tells Bibhu Ranjan Mishra and Pradeesh Chandran, he is optimistic.
April 13, 2011
India, a top investment hotspot for Alstom
Started in 1857, Alstom is one of the grand old companies of Europe.
March 30, 2011
'UBI plans incentive scheme for staff'
Bhasker Sen, chairman and managing director of UBI, discusses the bank's plan in the areas of business growth and human resources with Parnika Sokhi and Manojit Saha.
March 21, 2011
'FDI in multi-brand retail needs broader consensus'
Economic Affairs Secretary R Gopalan, who retains charge of financial services, has shown an ability to grasp ground realities in pushing critical reforms.
March 11, 2011
We are strongly capitalised: HDFC
In an interview with Manojit Saha and Somasroy Chakraborty, executive director Paresh Sukthankar says the bank is adequately capitalised to meet the growth targets for at least a couple of years.
March 04, 2011
HDFC bets big on education
An interview with executive director V Srinivasa Rangan.
Rolls-Royce aims to sell 100 cars this year in India
Youngest customer for Rolls- Royce is a 26-year-old-Indian.
February 07, 2011
'MNP churn will stabilise in next nine to 12 months'
Vice president and CEO Sanjay Kasturia talks about the initial trends in mobile number portability, launched all across India on January 20, and other issues in an interview with Mansi Taneja.
January 28, 2011
'India is a key cornerstone for future growth'
We see India as a very important market for HP, says Sean Kenny.
How the UK Bribery Act will hit Indian cos
Following a spate of bribery cases, Indian Inc may be in for some severe trouble after the UK Bribery Act comes into force from April 1.
January 25, 2011
Lending rates to rise, loans to grow by 16%: ICICI
Chanda Kochhar, managing director and chief executive officer of ICICI Bank Ltd, the second biggest lender, expects loans to grow 16 per cent in the year to March and sees lending rates rising during the year.
January 20, 2011
Exclusive! Why the eminent citizens wrote the open letter
In a few weeks, the 14 eminent citizens who wrote 'An Open Letter to our Leaders' this week will propose concrete suggestions how 'our leaders' can tackle the problems of governance deficit and corruption, reveals Dr Ashok Ganguly, one of the 14 signatories.
January 11, 2011
You can't operate in Silicon Valley if...
Protiviti Inc, one of the world's largest independent business and risk consulting firms, specialises in internal audit, estimated to be a Rs 1,35,000-crore (Rs 1.35 trillion) business globally.
January 05, 2011
'2011 will be tough for markets'
Arun Kejriwal, founder, Kejriwal Research and Investment Services, tells Krishna Merchant that with the second round of quantitative easing on, the US economy is likely to receive higher allocation of funds.
January 03, 2011
Sustained double-digit growth is a certainty: Kamath
ICICI Bank chairman K V Kamath says the best part of India's growth momentum is that around 65 per cent of the economy does not need external funding.
December 24, 2010
'Metal firms took environmental approvals lightly'
In conversation with Shubhashish and Arijit Barman, Rakesh Arora, managing director and head of research, Macquarie Capital Securities (India) Pvt Ltd and among the most authoritative metal analysts in India, says companies should start taking environmental laws more seriously.
November 29, 2010
'We understand Indian consumers, in and out'
At a time when Emami Ltd is hitting the headlines with news on acquisitions and foreign ventures, Aditya V Agarwal, a director and one of the younger scions of the group, shares his thinking with Shine Jacob.
November 26, 2010
'I am not even thinking of monetising telecom'
For over a year Sanjay Chandra, managing director of the Unitech group, has been under a cloud for various reasons.
November 16, 2010
'There's no shortage of deals for bankers'
Mergers and amalgamations will grow and deal sizes increase as the Indian economy expands, Venkat Anantharaman, managing director responsible for mergers and amalgamations, leveraged finance and equity corporate finance at Standard Chartered Bank in Mumbai, tells Sumit Sharma in an interview.
November 15, 2010
'10% inflation means the economy is overheating'
Gita Gopinath, Professor of Economics at Harvard University, says the monetary policy in India is not transparent and it would be nice to know very clearly from the central bank what steps it has to control inflation and what impact the rate hikes had on controlling inflation.
October 28, 2010
'Prepaid customers our thrust area in India'
While the brand is facing stiff competition from Apple's iPhone and Google's Android platform in the consumer market and is likely to come face to face with renewed competition in the enterprise market from Microsoft's Windows Phone 7 in early 2011, Frenny Bawa, managing director, RIM India, is confident of staying ahead of the pack.
October 22, 2010
'Inflation still a concern in unabated India growth story'
In an interaction with Vrishti Beniwal, the former RBI governor says gross domestic product growth and industrial output will pick up in the coming months.
October 08, 2010
Indian markets will give strong returns: Morgan chief
The India story is on a roll. The country's benchmark indices are on their way to touching historical highs, aided largely by inflows from foreign institutional investors. But Ridham Desai, managing director, Morgan Stanley (India), still thinks there's "some reticence" in FII participation.
October 07, 2010
'India strong enough to weather external shocks'
Emerging markets guru Mark Mobius believes the Indian market is no longer cheap but the country has been enjoying a premium over peers due to its growth prospects. In an interview with Business Standard, the executive chairman of Templeton Emerging Markets Group says India's relatively strong fundamentals and accumulation of foreign exchange reserves put it in a much stronger position to weather external shocks.
October 06, 2010
'Markets mirror economy's performance'
Dinesh Thakkar, chairman and managing director, Angel Broking, tells Business Standard the heady pace of markets could trigger selling.
October 05, 2010
'Future Group to focus on maintaining No 1 postion'
Raghu Pillai, former director and CEO (operations, strategy and business development) of Reliance Retail, today took over as the chief executive of Kishore Biyani's Future Value Retail. An industry veteran, Pillai talks about his new role with Business Standard.
'We are hungry for business in India'
Ever since MindTree, the mid-sized information technology and research services firm, acquired Aztecsoft in 2008, it has had a clear strategy in mind.
October 04, 2010
Nilekani explains the objectives of UID
In an interview with Sanjay Jog, Unique Identification Authority of India chairman Nandan Nilekani explains the objectives of the UID scheme and its challenges.
October 01, 2010
'Hyundai enjoys the competition in India'
Hyundai has managed to maintain this 20 per cent share even though competition has become fierce
September 30, 2010
Anand Mahindra on key challenges for Satyam
By wonderful coincidence, the first UID card handed out today by the Prime Minister and Mrs Gandhi was backed by Mahindra Satyam technology, says Anand Mahindra.
September 27, 2010
'Maharashtra residents to get UID numbers by March 2012'
Prime Minister Manmohan Singh will launch Aadhaar, the Unique Identification (UID) project, in Maharashtra's tribal-dominated Nanduarbar district on September 29.
September 24, 2010
'FMC to gain financial autonomy soon'
The Cabinet cleared amendments to the Forward Contracts (Regulation) Act, giving the FMC autonomy and including various provisions aimed at developing the market. Business Standard spoke to Khatua on how the amendments will impact the markets once it comes into force.
'Sensex likely to hit 21,000 by Diwali'
Ramesh Damani, stock broker, Bombay Stock Exchange, is known for prudent stock-picking. Though he prefers to be cautious while talking on individual stocks due to regulatory issues, in an interview with Business Standard, he drops a few hints about the current rally and the sectors he is betting on.
September 21, 2010
Regulators have not come down from Heaven: FM
Regulators are expected to work within their domain, says Pranab Mukherjee.
September 20, 2010
We need level playing field in mine allocation: Essar Steel chief
A global steel producer is putting up 14-million-tonne capacity, Essar Steel aims to achieve a global capacity of 20-25 mt.
September 06, 2010
'A change in departure tax will make Heathrow uncompetitive'
In a freewheeling chat with Sneha Kupekar, the Irishman says the company will lobby against any change in the departure tax and believes Emirates must be looking at its new codeshare with Kingfisher with envy.
September 01, 2010
Oberoi group welcomes Reliance's interest in EIH
Prithvi Raj Singh Oberoi, chairman of the Oberoi group of hotels, says many people had approached him for picking up stake in EIH, but their investment objectives were not compatible with the company's.
'SIP is best option for small investors'
Motilal Oswal, chairman and managing director, Motilal Oswal Financial Services, outlines an equity market strategy for retail investors.
All of us are very committed to Infosys: Kris
nfosys Managing Director and CEO S (Kris) Gopalakrishnan speaks about the company to Business Standard.
August 31, 2010
'India will be among the top three markets'
For Steve Bertamini, group executive director and chief executive officer, global consumer banking at Standard Chartered, India is one of the most important markets.
August 25, 2010
Our fundamentals are very strong, says Morgan Stanley
India Investment Banking chairman V K Bansal spoke to Abhineet Kumar on various issues related to equity capital markets
August 23, 2010
'We have to work on delivering excellent quality'
Soon after Carl-Peter Foster, former head of General Motors Europe, joined the 65-year-old Tata Motors, he asked for 100 days to come to grips with his job.
Microsoft unfazed by competition from Google
'Good for us, bad for them'. That's what Microsoft's Chief Information Officer, Tony Scott, has to say to competitors like and Google.
August 19, 2010
'We may look at an India-focused fund'
In a chat with Business Standard, Blackstone India chairman and managing director Akhil Gupta says the PE player is eyeing investment opportunities in infrastructure and personal consumption-driven sectors and may raise an India-focused fund.
August 11, 2010
'Property prices in Pune have increased by 12.5%'
Aditya Verma, Chief Operating Officer, Makaan.com speaks to Business Standard about the findings of its latest survey Pune's real estate market and the way ahead.
August 06, 2010
How CAG plans to do corporate audits
With over half the Plan funds that Parliament approves being spent through non-government channels, to cite the figure in CAG Vinod Rai's presentation to the Planning Commission, members of the Parliament have no way of knowing whether the money is properly spent.
August 05, 2010
'Inflation: Answer lies in right price mechanism'
If the government takes a progressive view and the industry co-operates for arriving at a pricing mechanism, it will be a win-win for all, Raju Barwale, managing director of Mahyco (Maharashtra Hybrid Seeds Company Ltd), tells Dilip Kumar Jha.
'Demand for residential property is sound'
Bangalore-based Sobha Developers had a two-fold rise in its net profit to Rs 34.3 crore (Rs 343 million) in the April-June quarter. J C Sharma, Managing Director, spoke to Business Standard on the revival in demand and the company's growth plans.
August 04, 2010
We are the fastest growing lab chain: Super Religare Labs chief
In an interview with Joe C Mathew, chief executive officer Sanjeev Chaudhry talks oft SRL's growth plans.
August 03, 2010
India is becoming very attractive for foreign investors
In an interview with Abhineet Kumar, Manisha Girotra, UBS India\'s managing director and country head, talks about the changed mindset of Indian promoters, and the impact of the new takeover code rules.
We're hopeful of meeting Plan targets: NTPC chief
In an interview with , chairman and managing director R S Sharma talks of his company's strategy.
July 22, 2010
'RBI needs to encourage capacity expansion'
Stuart A Davis, the chief executive officer at HSBC India, expects the Reserve Bank of India to increase repo and reverse repo rates by 25 basis points in its quarterly monetary policy review on July 27, as concerns over accelerating inflation and uncertain monsoon linger.
July 20, 2010
'The government is killing the telecom dream'
In an exclusive interview to NDTV Profit, chairman of Bharti Enterprises, Sunil Mittal, hit out at what he called the irrational pricing of spectrum between older and newer players.
July 15, 2010
'Petrol price deregulation is not enough'
In an interview with Ajay Modi & Jyoti Mukul, ONGC chairman R S Sharma says uncertainties continue in the business even after decontrol of petrol prices.
'Teaser rates are not good for the banking industry'
Anoop Pabby, managing director of Deutsche Postbank Home Finance Ltd, spoke to Atanu Kumar Das about the challenges faced by home finance companies and how profitability is linked to customer satisfaction.
July 13, 2010
'Decontrol will allow flow of global funds in the industry'
The Indian Sugar Mills Association president and Balrampur Chini managing director Vivek Saraogi speaks to Ajay Modi on the way ahead for the industry.
July 12, 2010
'Govt is about intense disagreements, creative tensions'
Planning Commission Deputy Chairman Montek Singh Ahluwalia says Commerce Minister Kamal Nath had warned him in advance that he was going to criticise the apex planning body in public.
July 08, 2010
'The Navi Mumbai airport needs to take off'
G V Krishna Reddy, Chairman, talks to Business Standard about his plans.
July 07, 2010
'Valuation is key to success of divestment'
Ravi Kapoor, head of global banking at Citi India tells that the success of the Centre's divestment programme hinges on attractive valuations
'Base rate not to affect home loans'
Anuj Puri, chairman and country head, Jones Lang LaSalle Meghraj, tells Business Standard that high prices and hardening of mortgage rates may act as a dampener.
July 02, 2010
M S Banga on life as a fund manager
Banga has hung up his Unilever boots and moved on to private equity firm Clayton Dubilier & Rice (CD&R) as an operating partner.
July 01, 2010
'More exchanges will come up in India soon'
In an interview with Business Standard, Jalan, who has also been a member of the Rajya Sabha, speaks on a wide range of issues concerning the markets
'Prosperity is about the ability to combine'
In a conversation with Sreelatha Menon, he says anything that brings assets to the poor is great, but the poor also need an access to macrofinance.
June 30, 2010
'People had doubts even when we did the Aircel deal'
Manoj Tirodkar, chairman of GTL Infra, spoke to Arijit Barman & Katya Naidu bout the different aspects of the transaction.
'Deregulation will not cause inflation'
An interview with Kirit S Parikh, former Planning Commission member and chairman of the committee on oil pricing reforms.
'We should replicate the successes of Chinese banks'
Rana Kapoor, Founder and Chief Executive Officer YES Bank, believes further opening up of India's banking sector to foreign players will be mutually beneficial.
June 29, 2010
'Govt's move on fuel a sentiment booster'
The deregulation of fuel prices will mean a valuation re-rating for most stocks in the sector, Amar Ambani, vice-president, research, at IIFL, speaks to the Business Standard.
India can be the fastest-growing auto market: Ford India boss
Michael Boneham, President and Managing Director at Ford India talks about Ford's small car Figo as well as the company's future plans.
June 23, 2010
'Boeing is comfortable about its positioning in India'
Back in India nine years after his initial stint in the country, Boeing India president and Boeing International vice-president Dinesh A Keskar stresses that India is an important market for Chicago-based Boeing.
June 21, 2010
'Easy image-sharing will drive Kodak's growth'
Sayantani Kar speaks to Eastman Kodak Company vice-president & general manager (digital capture & imaging devices) John Blake and Kodak India managing director Ravi Karamcheti about the changes the company has brought about and its ambitions.
June 15, 2010
Mercedes-Benz to speed up expansion plans in India
Wilfried Aulbur, MD & CEO of Mercedes-Benz India speaks about his plans for India
June 10, 2010
Meet the man behind 1298 ambulance
Shaffi Mather, founder of the yellow ambulance or the 1298 service, was one among the six Indians who were invited by US President Barack Obama to participate in the entrepreneur summit which was held in recently in US.In an interview with rediff.com, Shaffi Mather speaks about his enterprise and the summit.
June 09, 2010
'We plan to launch a healthcare vertical by the year-end'
CEO Arvind Thakur told Kirtika Suneja the would explore only a few segments for growing this year.
June 07, 2010
'Overwhelming demand hiking home prices'
In a chat with Raghavendra Kamath, the group's co-founder and managing director, Niranjan Hiranandani, talks about the company's plans and the property market in the country.
June 03, 2010
'The key to alliances is innovation'
Alok Sonig, managing director of the India arm, talks to Business Standard about the company's plans for the next five years
June 02, 2010
'We soon want to be a $1-billion company'
Managing director and global chief executive officer, Aparup Sengupta, is working on being a $1-billion company in the next 12-18 months (current turnover is $700 million or Rs 3,150 crore) and believes acquisitions will be a major way of achieving this.
June 01, 2010
'We are the first firm to make global delivery work'
Steve Cardell, CEO of HCL Axon, spoke to Pallavi Aiyar about why, despite the reservations many analysts had, the move appears to have paid off for both entities.
May 31, 2010
Women make better managers: IIM-K director
The Indian Institute of Management, Kozhikode, which raised its fee to Rs 10 lakh (Rs 1 million) from Rs 800,000 this year, gave away over Rs 2 crore (Rs 20 million) as scholarships to students last year.
May 27, 2010
'We will be a leading player in the electric car market'
Mahindra & Mahindra Ltd, India's largest sports utility vehicle and tractor maker, is bullish on its latest acquisition of REVA Electric Car Company.
May 25, 2010
'There could be massive sell-off if crisis worsens'
The current crisis in the euro zone will not create any major problems for India, but a 10-15 per cent correction in markets is not ruled out if it worsens, says Ridham Desai, managing director and head of equities at Morgan Stanley India.
May 24, 2010
'Centre must give us 2,000 MW free power'
In an interview, Uttarakhand Chief Minister Ramesh Pokhriyal Nishank talks about controversies plaguing his government as well as developmental projects and his plans.
'We have challenges but our yields are picking up'
Axel Hilgers, Director, South Asia speaks to Business Standard.
May 21, 2010
'Europe's problems will have a global impact'
Rohit Chatterji, the new managing director and head of investment banking at J P Morgan, is cautious about the European crisis turning from a liquidity issue to a solvency crisis.
'Govt should bring reforms in realty sector'
The newly appointed president of Maharashtra Chamber of Housing Industry Sunil Mantri speaks on various issues in relty sector
May 18, 2010
All about Iffco's Vision 2015
While planning significant consolidation of its vast expanse of business in the next five years, the Rs 17,000-crore (rs 170 billion) Indian Farmers Fertilizer Cooperative Ltd (Iffco) has demanded "physical support by the government" through excise and Customs exemptions and income tax holidays.
May 17, 2010
'India's role in outsourcing will grow'
An interview with Dilip R Vellodi, chairman and chief executive officer, Sutherland Global Services.
'We run ERP on private clouds today'
Peter Gartenberg, SAP India Managing Director tells about the changes taking place at SAP globally
May 14, 2010
'India's English edge not there in hardware'
Although still behind India's $60 billion-equivalent, many Chinese companies are increasingly confident that India's days as king of software outsourcing are numbered. Business Standard spoke to Dr Liu Jiren, founder and CEO of Neusoft, China's largest outsourcing company, about how Chinese outsourcing firms evaluate themselves against Indian counterparts. Edited excerpts:
May 13, 2010
'We've succeeded by enabling people to fly home for weekends'
Air Asia's difference approach has been developing a portfolio first. We were the first airline to fly to Trichy and then after going to newer and uncharted markets.
UID number: Challenges and security concerns
People tend to think that online means access to information on the fly. But that does not mean that any individual can access the data, says Sunil Chandiramani.
May 11, 2010
'SC verdict won't affect any project of R-Infra'
Reliance Infrastructure, part of the Anil Dhirubhai Ambani Group, has said the recent Supreme Court order on gas supply to sister firm Reliance Power (45 per cent owned by R-Infra) will not impact its projects.
'Divestment may take time, but diversification is on'
While the government is banking on divestment of its stake in the country's biggest trading giant MMTC Ltd to meet its Rs 40,000-crore (Rs 400 billion) disinvestment target for 2010-11, MMTC chairman and managing director Sanjiv Batra believes it may take more time, as the government is yet to appoint independent directors on its board.
May 10, 2010
'The case of RNRL has been strengthened'
A short-term (five-year) price is not relevant beyond a point when power plants have a life of 15-20 years, says J P Chalasani, CEO, Reliance Power.
May 05, 2010
'Multi-billion dollar deals at an all-time high'
Outbound will be more than inbound and the reason for that is, for inbound, valuations are going up.
'India can play a mini-US role in smaller countries'
Professor Kavil Ramachandran, a delegate at the Presidential Entrepreneurship Summit, speaks to Aziz Haniffa.
'Nokia to launch N8 smartphone this year'
Nokia India, an undisputed leader in the mobile handset market a few years ago, faces rising competition from home-grown players
May 04, 2010
Job-hunting NRIs turn to astrology
To explore the reasons behind this 'reverse brain drain' as also the company's way of functioning, rediff.com's Indrani Roy Mitra spoke to Meena Kapoor, founder and chief executive officer, Netway India Pvt Ltd, company that owns Astroyogi.com.
April 28, 2010
'Indian cos will be very selective in M&As'
Sunil Sanghai, the head of the investment banking team speaks on Goldman Sachs' India plans, mergers and acquisitions, and the regulatory arena.
'RBI, Sebi helped India overcome economic crisis'
There are a number of factors that helped India remain relatively unscathed. Some of them are to do with RBI and some of them are to do with the Indian economy.
April 27, 2010
Tesco's retail plans in India
The six-year-old Tesco Hindustan Service Centre, the Bangalore-based support centre of Tesco Plc, the world's third largest retailer, is gearing up for the retail giant's cash-and-carry outlet opening by year-end.
April 26, 2010
Business environment is positive: Wipro
The business environment is positive, with an uptick in demand, in both domestic and international markets.
'India should take its innovation to the developed world'
Sylvie Ouziel speaks on some of the key issues companies are facing post-recession, the growth opportunities for businesses in emerging markets and how the business of consulting is changing.
April 23, 2010
'India to spend over $10 billion on e-governance'
India's minister of communications and information technology speaks to in Toronto.
April 21, 2010
RBI governor on how to boost growth
Growth is coming from sectors which are interest rate-sensitive, says
We will try our best to retain performers: TCS boss
India's largest information technology services provider, Tata Consultancy Services (TCS), beat analyst expectations on both net profit and operating margins during the fourth quarter ending March 31.
'Why China, we are not afraid of any competition'
B Prasada Rao, chairman and managing director of state-owned Bharat Heavy Electricals Ltd, tells Kanika Datta it's possible to counter the problem with better-performing products.
April 20, 2010
N-tech: US firms want level playing field in India
Ron Somers, president, US-India Business Council, which lobbied to get the US-India nuclear technology deal approved, like the rest of the American business fraternity, is upset by India's recent purchase of nuclear reactors and sophisticated technology and weaponry from Russia.
April 16, 2010
'India allowing Chinese economic invasion'
I am upset with the Chinese economic invasion and the way we are allowing that to happen, says Naik.
'The next growth areas for diamond are India and China'
Diamond Trading Corporation, the marketing arm of the world's largest diamond producer De Beers, is planning to increase its intake by 25 per cent from its last year's sale of $3.5 billion.
April 15, 2010
'Private banking in India is at take-off stage'
Private banking in India is still at a nascent stage and can absorb all the lessons learnt the hard way in developed markets, according to Jane Fraser, the global head of Citi Private Bank.
April 14, 2010
Growth is back, employment is back: Infy CEO
S (Kris) Gopalakrishnan speaks on the outlook for Infosys and the sector.
April 05, 2010
What worries the Delhi chief minister
Sheila Dikshit answers the question everyone is asking: 'What after the Commonwealth Games'?
April 02, 2010
How Micromax sells 1 million handsets every month
Though Micromax sold its first mobile phone just two years ago, it appears confident it can pull off a coup - it already has a 5 per cent market share.
March 31, 2010
'India is a compelling market for outbound tourism'
Already well-known for its inbound travel business, being selected to run the Commonwealth Games Travel office has been an additional feather in their cap, managing director Arjun Sharma told Ruchika Chitravanshi in an interview where he also spoke about tourism trends.
'There is rigid monitoring of targets at my level'
Despite many hiccups in project implementation, India on Sunday crossed the earlier 10th Five-Year Plan's total addition to generation capacity of 21,180 Mw.
'The deal is a game-changer for Bharti'
We will introduce the Airtel brand in Africa in all the markets
March 30, 2010
'India's patent policy is discouraging innovations'
US-based Eli Lilly has planned to continue its focus on innovation-driven products, instead of opening up to opportunities in off-patent generic drugs, being tapped by its larger competitors like GSK and Pfizer.
March 29, 2010
'We need to take land reform benefits forward'
Politburo member Sitaram Yechury speaks about the party's strategy and alliances
March 25, 2010
'Number of inbound travellers is quite less'
In an interview with Ruchika Chitravanshi, executive director Rakshit Desai says, while the company does offer high-end products, it also has products that are cheaper than competitors.
'Net-ready tablet PCs to flood market in 2010'
Global consulting firm Deloitte has come out with its predictions on the technology trends that are expected to be seen across technology, media and telecommunications sector
March 23, 2010
'India is a good place to acquire talent'
In an interview with K Rajani Kanth, Synopsys global president and chief operating officer Chi-Foon Chan says the company sees India as an emerging market for intellectual property and systems business.
March 19, 2010
'Coca-Cola will continue to invest in India'
Coca-Cola is bullish about its India operations after recording one of its highest growth numbers in the October-December 2009 quarter
March 10, 2010
'We think IT spends will pick up this year'
Bangalore-based information technology services firm MindTree has set up an ambitious target of becoming a $1-billion (around Rs 4,600-crore) company over the next five years.
'Our Indian operations are a great success story'
Andrew Witty, chief executive of GlaxoSmithKline (GSK), the world's second-largest drug company, was in India this week as part of the dedication of an albandazole manufacturing facility at Nashik to the World Health Organization (WHO)'s global programme to eliminate Lymphatic Filariasis.
March 05, 2010
'The 3G money raised may be more than estimated'
There is scepticism in some quarters that the Budget for 2010-11, while spreading cheer, may be skating on thin ice. For instance, some of its assumptions will give way if the non-tax revenue projections turn out to be castles in the air.
March 04, 2010
Revenue Secretary on the govt's challenges
By partially rolling back the stimulus that was provided through fiscal incentives in the excise duties and by retaining the service tax at 10 per cent, we are primarily signalling that we are going back to a unified goods and services tax, says Sunil Mitra.
March 03, 2010
Mukesh Ambani is one of the world's best CEOs: Ram Charan
Entrepreneurs are visionaries since they build what has not been built before, says Ram Charan.
FM on how the govt plans to tackle inflation
Taking into account all the increases, inflation will be around 0.4 per cent in the wholesale price index, says Pranab Mukherjee.
March 02, 2010
'The downturn is not yet completely behind us'
In fact, we expect the first half of 2010 to be at least as challenging as the first six months of 2009, says Kishor Patil, MD & CEO, KPIT Cummins Infosystems.
February 27, 2010
'I have been cautious, not adventurous'
'This year was a very difficult time for me, or for any finance minister.'
February 26, 2010
'Unrecognised schools hardly have any teaching'
Unrecognised schools have been given three years to fix their infrastructure and five years for their teachers to get the necessary qualifications, says Kapil Sibal.
February 25, 2010
'India has great campaigns, poor branding'
India indulges in the most sophisticated marketing campaigns but has poorest branding, says Shombit Sengupta, Founder, Shining Consulting.
February 22, 2010
'Industry not at the cost of nature'
The Uttarakhand government is not keen to promote tourism at the cost of flora and fauna.
'India gets leg into Bermuda tax havens'
A tax information exchange agreement will give OECD-mandated exchange to Indian tax authorities and their requests in cases of special inquiries will be better equipped to tackle tax evasion.
'I will be cautious about buying equity now'
Marc Faber, legendary contrarian investor and author of The Gloom, Boom & Doom Report, talks to Jitendra Gupta on recent market correction, road ahead for Indian markets, global economic recovery and whether there is a bubble in China or not.
February 18, 2010
'Need tax breaks to gear up for green technology'
We are looking at different excise duties for products which are labeled energy efficient. So, products which are more energy efficient will pay lower excise, says Ajay Mathur.
February 16, 2010
'This is a good time to move to market prices for petrol & diesel'
'Prices can be adjusted now. The government can even temporarily cut taxes'.
February 11, 2010
'Indians tend to place wealth ahead of health'
The interesting find was how people perceive health insurance in India. It is seen as an instrument to protect savings.
February 10, 2010
'Foreign investors prefer independent managers'
Newly-formed Ascent Capital, which is a separate investment entity carved out of UTI Ventures, recently raised $350 million (Rs 1,575 crore) for its first fund.
Capgemini sees recovery in 2010
Paul Hermelin, group chief executive officer of Europe's largest IT services firm, Capgemini, is one of the earliest proponents of the offshoring model.
February 09, 2010
'Jobs to dalits is private sector's social duty'
Positives like dalit music and literature should be promoted while reservations for the community can continue, Union Minister for Social Justice and Empowerment, Mukul Wasnik, tells Business Standard.
February 08, 2010
'Introducing Bt brinjal in India will be disastrous'
Our native brinjal has a medicinal value and once there is contamination, the medicinal value in the natural brinjal will automatically be lost.
February 01, 2010
'2010 is going to be a difficult year'
Given the inflation across most economies, especially India, I believe inflation beneficiaries should do well and sectors that are interest rate-sensitive should not do so well, says Punita Kumar Sinha, Senior MD, Blackstone Asia Advisors.
Sectors that will do well in 2010
We continue to remain bullish on the telecom and financial services space, says Manish Kejriwal, Country Head (India), Temasek.
January 29, 2010
'We want to become the world's premier browser'
This January, Lars Boilesen took over the reigns of Opera Software after its co-founder and leader of 15 years, Jon S von Tetzchner, stepped down.
'Risk aversion is the biggest risk'
The Rs 2,200 crore (Rs 22 billion) Star India has for long been the biggest contributor to parent News Corporation's Asian revenues and profits (over 80 per cent).
January 27, 2010
'Coal mine development is a long-drawn process'
After the government scaled up the power capacity addition target in the current Plan period multi-fold, NTPC embarked upon a major diversification drive in the entire energy chain.
NPAs may rise further: SBI
Though the economy is recovering, the non-performing assets (NPAs) may rise further because the asset quality will improve only with a lag effect, says O P Bhatt.
January 25, 2010
'I want to see Rs 1 lakh crore in food processing'
We are looking at setting up 30 food parks in the 11th five-year Plan, says Subodh Kant Sahai Union Food, Processing Minister.
Report has mistakes, but glacier melting is real: Pachauri
Over 4,000 people are involved in an IPCC report. For the fourth assessment report, there were 450 authors, 800 contributing authors and 2,500 expert reviewers, says
January 21, 2010
'PSUs as an asset class is good investment'
With the government planning to mop up Rs 24,000 crore (Rs 240 billion) through disinvestment this financial year, investors have once again become interested in public sector companies.
Everybody is in a mood to spend: Wipro CEO
In an interview with Mahesh Kulkarni and Archana Prasanna, Wipro's joint chief executive officer Girish Paranjpe says the company expects uniform growth in information technology spends, despite flat to marginally positive IT budgets in 2010.
January 20, 2010
'We will start a third shift at Halol for LCV'
In a chat with Sohini Das, GM India president and managing director Karl Slym says, with the launch of the new compact car, Beat, and a positive response to the Cruze, GM plans to cross the 100,000-unit mark this year in sales.
'Double-dip in the US economy is inevitable'
Robin Griffiths, technical strategist at Cazenove Capital, shares his opinion on why India and Brazil are a better bet than China in the current economic scenario, crystal gazes the strength of the US dollar and believes that if all goes well then the Indian stock market benchmark, Sensex, could test its earlier peak set in January 2008.
'Small investors don't make money from stocks'
Interview with Shankar Sharma,VC & Joint MD, First Global.
January 19, 2010
Chandrasekaran on TCS' growth prospects and hiring plans
'One of the strategies is to pick deals carefully. That means looking at sectors like energy, banking, insurance and also doing outsourcing.'
January 18, 2010
'The radio industry is being forced to be unviable'
"If the music royalty is reduced by Rs 100 crore (Rs 1 billion), I think many of the FM radio stations in the country could be very viable. Or else, they will be forced to shutdown," says Prashant Panday, CEO, Radio Mirchi.
IOC plans to acquire mid-size E&P firms
Indian Oil Corporation (IOC) has come a long way in its 50 years of existence.
Jairam Ramesh on his green agenda
Transport accounts for between 5 and 8 per cent of our greenhouse gas emissions, says Jairam Ramesh.
January 15, 2010
Food price inflation is temporary: Montek
There is no doubt that economic growth has picked up. It's also true that inflation has edged up. We had said at the beginning that sometime in the course of the year we would begin to slowly wind it down and what has happened is on course for that decision but exactly what, it's too early to say, says Montek Singh Ahluwalia.
'Kyoto is in intensive care'
In the first of a three-part interview, Jairam Ramesh, MoS, Environment and Forests, speaks about the meaning of the Copenhagen Accord.
January 13, 2010
The worst seems to be behind us: Infy CEO
'Offshore services are expected to grow in 2010.'
January 08, 2010
'Hero Honda will launch 8-10 models next year'
We will continue with the same pace of product launches as we maintained in the past.
Energy savings can wipe out shortages
The market for energy efficiency products and services, and tradeable efficiency certificates - which India is going to launch - could be as large as Rs 74,000 crore.
January 07, 2010
'We don't want MNCs to patent Indian traditional knowledge'
Minister of Science & Technology and Earth Sciences Prithviraj Chavan says in an exclusive interview that India has digitized all traditional knowledge of medicine available in India and has shared it with the US President and United States patents office so that nobody benefits unduly by using Indian knowledge and files for patents on such products.
January 05, 2010
The secret behind Paramount Airways' success
Today, Paramount is the market leader in the South with a 27 per cent share.
'One should not expect a blockbuster year'
Equity markets enter the new year with a good 2009 behind them. This year, a record number of initial public offerings and disinvestments in public sector undertakings are expected. Rajesh Bhayani spoke to Rashesh Shah, chairman, Edelweiss Group, on what can be expected.
January 04, 2010
'2010 is going to be a difficult year'
Given the inflation across most economies, especially India, I believe inflation beneficiaries should do well and sectors that are interest rate-sensitive should not do so well, says Punita Kumar Sinha, Senior MD, Blackstone Asia Advisors.
'We'll get incremental growth from education, govt in 2010'
According to Google India managing director Shailesh Rao, the company is exiting 2009 with a positive outlook.
December 31, 2009
'India has some of the most promising entrepreneurs'
For India, we continue to believe that the market and clients here require flexible pools of capital that can address their financing requirements across the capital structure, says Sanjay Nayar, CEO and Country Head for India, KKR.
'Stock markets may not do well in 2010'
Historically, such large years are not followed by another huge year. So, strictly going by that, we should be less enthusiastic, says Pankaj Vaish, MD, Nomura Financial Advisory.
December 30, 2009
'Core sector will be at the top in 2010'
3i is a global private equity fund based out of UK and invests across buyouts, growth capital and infrastructure deals. It has a $1.2 billion India dedicated infrastructure fund which has made investments in Soma Enterprises and Adani Power.
Sectors that will do well in 2010
We continue to remain bullish on the telecom and financial services space, says Manish Kejriwal, Country Head (India), Temasek.
Renuka Ramnath on her new venture, challenges
India is still a capital-starved economy where long-term capital can be put to work to create valuable enterprises and successful entrepreneurs, says Renuka Ramnath.
December 29, 2009
'We are reinventing the economics of computing'
US-based NComputing creates virtual desktops that allow multiple users to simultaneously share one computer. Stephen Dukker, chairman and CEO of the company, says PCs today are so powerful they can easily support multiple users working on multiple applications.
December 28, 2009
'Only tax breaks may not draw investors'
'If I were in the Indian government, I would look at the growth projections in the next year. If it is a good and normal growth number, I would go for roll back.'
December 24, 2009
'Indian regulatory regime has brought us a world of good'
Rating agency Standard & Poor's is using the experience of working with the Indian rating agency, Crisil, a subsidiary of S&P, to its advantage. Deven Sharma, president, Standard & Poor\'s, spoke to Rajesh Bhayani
December 23, 2009
'2009 was a good year, next will be brighter'
Vedika Bhandarkar, managing director & head of investment banking, recounts how even in a supposedly bad year, the bank raised about Rs 1,00,000 crore (Rs 1,000 billion).
December 21, 2009
'We are happy being a small company'
Trident Hotels, the premium business hotel brand which belongs to the Kolkata-based East India Hotels, is now looking at tapping the leisure travel market. The brand would thus extend beyond metros, and will now be seen at leisure destinations, too, Trident's president Rattan Keswani tells Swaraj Baggonkar.
'Samuelson was the pre-eminent economist of our times'
'The only competition he would get is from Kenneth Arrow and to some extent from John Hicks.'
December 17, 2009
'The Boeing 787 actually benefits airlines'
The 787 Dreamliner aircraft is 20 per cent more fuel-efficient than other comparable aircraft, which means it will reduce costs and offer potential to increase revenues, says Dinesh Keskar, President, Boeing India.
December 16, 2009
How long will Vodafone take to become No.1?
The Indian mobile market has been witnessing a rate war with the entry of new players
December 15, 2009
'Stimulus withdrawal can bring double-dip recession'
As the global economic scenario is improving, Ajay Chhibber, regional director (Asia and the Pacific) for the United Nations Development Programme, believes employment will be the major indicator to gauge the firmness of the economic recovery.
December 14, 2009
Maharashtra debt huge, but under control, says Ashok Chavan
Though we have a debt burden of Rs 180,000 crore, the economic condition of the state is stable and healthy. This is due to efficient fiscal management and effective monitoring of expenditure, says the Maharashtra chief minister.
December 11, 2009
'Sensex to hit 22,000 by December 2010'
We are very positive on emerging markets, says John Praveen, MD, Prudential Investment Advisors.
December 07, 2009
'We need business leaders who can understand global competition'
The 15-month course at ISB is meant for senior executives who were being groomed by their organisations to move into leadership roles.
December 04, 2009
Reliance Brands' plans more new stores
Reliance Brands, a group company of Reliance Industries, began operations two years earlier to launch premium-to-luxury domestic and international brands and also set up retail stores for them.
December 03, 2009
Wipro to review compensation factor
Wipro Ltd, a provider of IT solutions and services including systems integration, information systems outsourcing and IT-enabled services, says it has not been affected by the crisis in West Asia and will continue to invest in the region.
December 01, 2009
IIM-B director on the CAT failure
Conducting an examination at this level is a very complex task, says Pankaj Chandra, Director, IIM Bangalore.
November 27, 2009
'China will snatch our market from us'
'It might take 10 years before medicines of decent quality and price reach right down to the last village of India. Ranbaxy, with its India focus, intends to get there in five years.'
November 25, 2009
'ULIPs are obviously going to become attractive'
Aviva CEO talks about talks about some of key issues on insurance.
November 23, 2009
'Indo-US economic bonds can fortify strategic ties'
An interview with former US assistant secretary of commerce Raymond E Vickery speaks on his book The Eagle And The Elephant: Strategic Aspects Of Us-India Economic Engagement.
November 17, 2009
'India is a priority market for StanChart'
While other foreign banks are still shrinking their loan portfolio, Standard Chartered Bank says it is seeing a double-digit growth
November 16, 2009
'We are World Bank's largest borrower'
In the first two years, we spent Rs 15,000 crore, which was more than our target, says S K Chaturvedi, CMD, Power Grid Corp.
'India is a very important market for IBM'
"India plans to build close to 14 nuclear power plants. We see huge opportunity here"
November 13, 2009
'Mobile device based social networking to drive growth'
Mobile connectivity has reached people the fastest of all technologies and the wave of mobile internet will be driven by social networking, says Jean-Laurent Poitou, MD, Accenture (electronics.
November 12, 2009
'It would have been a bad year without India, China'
India and China are generating enough growth from within, says H Lienhard, President & CEO, Voith AG.
November 09, 2009
'WNS back to focusing on finding a CEO'
WNS, an NYSE-listed business process outsourcing company, recorded good second quarter numbers, reflecting the improving market conditions in global markets. Neeraj Bhargava, Group CEO, attributed the performance to better volume growth and a robust pipeline. In a chat with Business Standard, he spoke about the recent stake sale talks with Warburg Pincus, appointing a new CEO and other issues.
November 06, 2009
'We are trying to build 10 hospitals every year'
In an interview with Joe C Mathew, Apollo Hospitals executive chairman Prathap C Reddy says the challenge is not in the funding, but in finding the human resources.
November 04, 2009
'We expect corporate buying to return'
Ajai Chowdhry, chairman and CEO, HCL Infosystems, tells Kirtika Suneja the environment may improve in three to six months, as the economy has bottomed out.
November 03, 2009
'All markets are now recovering'
On a short trip in Mumbai for a board meeting, Nick Thomlinson, chairman of Knight Frank, the global residential and commercial property consultancy, shares his insights and forecasts with Byravee Iyer.
November 02, 2009
'Faculty shortage is a global phenomenon'
On the sidelines of 'Samvit 2009 -- The Leaders' Conclave' at IIM-Lucknow recently, Ajit Balakrishan tells Virendra Singh Rawat answered some issues that have dogged IIMs.
Chanda Kochhar on ICICI Bank's performance
We are clearly focused on increasing our loan book in segments such as auto loans, home loans, commercial vehicles finance and corporate loans, says Chanda Kochhar.
'Godrej Properties will soon become our fastest-growing biz'
The slowdown is behind us and the country will grow at around 9-10 per cent, believes Adi Godrej, chairman of the Godrej Group.
October 30, 2009
'We cannot regulate gas prices'
Two years after it was first constituted, the Petroleum and Natural Gas Regulatory Board continues to move ahead in a patchy manner -- it is inviting bids for 2,800 km of cross-country pipelines and 1,200 km of spurlines next week; it is in the process of fixing tariffs for the Mukesh Ambani-owned Reliance Gas Transportation India Limited pipeline. Its chairman L Mansingh spoke at length on several of these issues to Sunil Jain.
October 29, 2009
'China should be India's economic partner, not rival'
China should be an economic partner and not a rival. China is the most suitable location to setup center to back-up operations in India because with India, China has the largest talent pool in the world.
October 28, 2009
Wipro CEOs on the company's growth secret
Wipro, despite the 1.5 per cent drop on the volume front, has seen a positive uptake in terms of client additions and revenues.
Inflation biggest worry: RBI Governor
RBI Governor D Subbarao explains the rationale for the moves announced in the second quarter review of the monetary policy in an interview with Sidhartha. Excerpts:
October 27, 2009
'I think we should lecture less to the world'
In an interview with Suman Guha Mozumder, Union Environment Minister Jairam Ramesh says a little less superiority and a little more humility on the part of India will serve us very well in the future.
October 26, 2009
'We will not sell Piramal Healthcare'
Nandini Piramal, heir apparent to the Piramal business empire as the elder child of Ajay Piramal and Swati Piramal, became the executive director of Piramal Healthcare in April this year.
October 23, 2009
'Full-service airline costs are double of ours'
The Indian aviation industry, which accounts for 2 per cent of the global aviation industry, suffered losses of Rs 10,000 crore (Rs 100 billion) in 2008-09. The industry is, however, now looking up, feels SpiceJet chief executive officer Sanjay Agarwal.
October 21, 2009
'Hiking realty prices will be a huge mistake'
Red Fort Capital, an international real estate fund founded by GB Singh, Parry Singh and Subhash Bedi, has invested nearly Rs 2,000 crore (Rs 20 billion) in the Indian real estate sector and claims that it is one of the few funds to have invested even in the downturn.
October 19, 2009
'It was only growth that eluded us, not business'
Nasscom president Som Mittal shares his view on issues such as the rise in value of the rupee against the dollar, hiring trends and the role of IT in e-governance.
'India's problem is implementation'
"In the last five years, government has begun to listen. Not that they do anything."
October 16, 2009
'Cognizant is constantly looking for targets'
In a chat with Shivani Shinde, Cognizant vice-chairman Lakshmi Narayanan explained the rationale behind the current acquisition and the way ahead.
October 15, 2009
'Anil Ambani is targetting me, my family'
In a free-wheeling interview with Jyoti Mukul, Sibal makes a case for his innocence and blames the media campaign by the Anil Ambani group for the current controversy.
October 12, 2009
Google bullish on social network ads
Parminder Singh, business head, Google, is bullish on the growth of advertising from these social networking platforms.
Our policies are for the <i>aam aadmi </i>: FM
We are emphasising on an agricultural growth of 4.5 per cent to achieve a 9 per cent GDP growth, says Finance Minister Pranab Mukherjee.
Infy CEO on business growth, salary hikes
Infosys Technologies beat its own revenue guidance with better-than-expected second quarter (July-October) results, indicating an overall improvement in business and demand.
October 09, 2009
'India will have 1 billion mobiles by 2013'
T V Ramachandran, former director-general of the Cellular Operators' Association of India, iterates his wish that the differences in technologies would blur.
Telenor chief eyes 70 mn customers from India
Sigve Brekke, vice president and Asia-head of the Norway-based mobile major Telenor has played a big role in Telenor's aggressive Asian foray. Brekke spoke of his plans for Telenor's joint venture with real-estate firm Unitech.
October 08, 2009
Axis Bank CMD hints at small changes ahead
Sharma who took over as the chief executive officer and managing director in June is, however, confident that the bank will continue to beat the industry growth rate and sustain the margins and return ratios.
How Kishore Biyani plans to expand business
Kishore Biyani, the founder of Future Group, plans to more than double retail space to 30 million sq ft by 2013 and push the private labels business.
October 07, 2009
'We want to make TCS a bigger and better firm'
'With a strong customer base, we will continue to focus on customer-centric services, offer integrated full services, a global delivery model, tap emerging markets and increase our non-linear capabilities.'
October 05, 2009
'Wealth does not create roads; roads create wealth'
In an interview with Mihir Mishra and Jyoti Mukul, Nath, who as the commerce and industry minister in the previous United Progressive Alliance government was part of the fire-fighting to minimise impact of the slowdown, says that the current year will be better than the last year.
Expect $100 bn infra investment in 36 months: Chanda Kochhar
The managing director and CEO of India's second largest bank is already walking the talk by organising roadshows all over the world to showcase upcoming highway projects.
We're thinking of directly paying teachers: Sibal
Improving the quality of education is the greatest challenge before the government, says Human Resource Development Minister Kapil Sibal.
October 02, 2009
'IT spending is expected to be lower this year'
'We will have to wait for at least two quarters of data to ascertain whether the recovery is real and sustainable.'
September 30, 2009
'Housing prices will not fall'
Greed is coming back. So, developers can increase prices. I am sure that prices will not go down from here onwards.
September 29, 2009
'An upturn is clearly visible'
Korn/Ferry is a global leader in executive search. For the quarter ended July 2009, its fee income fell over 40 per cent to $116 million from a year ago and the company reported a net loss of $14.3 million as against a profit of $15.3 million in the year-ago quarter. Its chief financial officer, Michael A Digregorio and managing director for India, Deepak Gupta, spoke to Bhupesh Bhandari and Amit Ranjan Rai on the emerging opportunities and challenges.
September 25, 2009
We plan to take NPS online: Pension body chief
The pension regulator, the Pension Fund Regulatory Development Authority, is taking various steps to boost the numbers, cairman D Swarup tells Vrishti Beniwal in an exclusive interview
September 24, 2009
Takeovers at right price welcome: ICICI Pru chief
Nimesh Shah, managing director & CEO of ICICI Prudential Asset Management Company, tells Chandan Kishore Kant that he is bullish on the Indian market.
'India to be a test-bed for global roll-outs'
In an interview with K Rajani Kanth, NCR Corporation's managing director (India, Nepal and Sri Lanka) Pradeep Sen outlines the company's road map for India, including its plans to scale up its research and development efforts, manufacturing capacity expansion and taking the partner-ecosystem route to penetrate the petroleum and general retail segment.
September 23, 2009
What BASF plans to do in India
Germany-based BASF, the world's largest chemical manufacturer, acquired Swiss chemical maker Ciba last year in a $3.27 billion transaction.
Matrix Partner MD on investment environment
A successful entrepreneur and now an investor, Avnish Bajaj, the managing director of Matrix Partners India, has seen both sides of the investment cycle.
September 21, 2009
'India can sustain 6-8% growth rates up to 2025'
The problem with India's growth story has been its inability to reduce poverty to significant levels.
Another crisis likely in 3-5 years: Mark Faber
Investment expert Mark Faber says he's bearish on the world economy.
September 18, 2009
'Retail investors must be careful now'
Business Standard discussed the primary market scenario and changing equations in the IPO market with Enam Group chairman Vallabh Bhanshali. Excerpts:
GE Healthcare bullish on growth in India
Price becomes a challenge in a country like India and, hence, we are trying to halve the cost and give higher outcome, says V Raja, CEO, GE Healthcare India.
September 10, 2009
Fake currency: 'RBI, banks in denial mode'
'The RBI obviously gets to know when an entire series of currency notes has been faked. I fail to understand why they continue with the series despite it being faked,' former CBI director Joginder Singh tells Vicky Nanjappa.
August 25, 2009
'A poor monsoon can affect motor insurance'
Iffco Tokio General Insurance is hoping to step up growth by focusing on motor and health insurance.
' Late payment of wages in NREGA is unfair'
The purpose of the rural job scheme is being defeated as, in this drought year, focus on providing work and timely wages is lost in other things, says economist and activist Jean Dreze.
Shivinder Mohan, Khorakiwala on the Fortis deal
We were aggressively expanding and investing heavily in various new hospital projects. But the global meltdown and crash of the markets put a lot of financial strain on us, says Habil Khorakiwala.
'India can emerge as the resource base for News Corp'
As India will become an independent business unit, we will have to relocate the uplink of our channels from Hong Kong to here.
August 21, 2009
Global warming woes? Let's go back to khadi
Sailesh Kumar Bandyopadhyay firmly believes that Khadi movement alone can offer solutions to two knottiest problems of the present times: global warming and economic meltdown.
'IDFC's business model remains robust'
"I don't think the only solution for us is a bank, though it could be a bank. On the other hand, if the financial system continues to grow at 20-25 per cent, there's no reason why in our current construct, we can't comfortably keep growing at that same pace," says Rajiv Lall, CEO and Managing Director, IDFC.
August 20, 2009
Correction has begun in markets across the world: Marc Faber
'I would not be surprised if the early August highs were actually the high for the year.'
August 18, 2009
'TV is a hits and misses business'
Rakhi Ka Swayamvar worked for NDTV Imagine. Bidaaiis working on Star Plus. So both reality and fiction are working on prime time, says Sunil Lulla, Director, Real Global Broadcasting.
August 14, 2009
'Malta offers great opportunity to Indian firms'
The southern European island nation of Malta is keen on expanding business ties with India.
'Standalone 3G players can't survive'
The voice revenue per minute in India is among the lowest in the world at around 50 paise, says Kanwalinder Singh, President,Qualcomm India.
August 11, 2009
'India will beat global indices in performance'
'Markets are back in the 15000-16000 range, it's a barometer of confidence as much as it is of economic prospects.'
August 10, 2009
Tips on how to keep cyber attacks at bay
'The constant evolution of the Internet is providing new avenues for malware authors and cybercriminals to exploit innocent users for financial gain.'
August 07, 2009
'We are aiming at 10% of our revenues from India'
Zensar Technologies, the Rs 900 crore RPG Group's software services company, expects Rs 200 crore from its domestic business this fiscal, up from Rs 40 crore last year. In an interview with Pradipta Mukherjee, Vice-Chairman and CEO Ganesh Natarajan says the company is on an expansion and hiring mode, defying the freeze in the industry
August 06, 2009
'IT sector recovery will start from 2010'
'Fresh recruitments would start only after demand picks up.'
August 05, 2009
'Global outlook better on stimulus'
'It is becoming clear that we will no longer see declines in GDP growth for the next few quarters.'
August 04, 2009
'We intend to cover 50,000 villages soon'
Godrej Consumer Products, the hair colours and soaps major, intends to increase its contribution from rural sales to 50 per cent in one year, from 38 per cent right now. In an interview with Pradipta Mukherjee, GCPL vice-chairman Hoshedar K Press says that among other plans, the company is targeting consolidation of its FMCG businesses and is banking on goods and services tax implementation, which would enable it to have common depot and supply chain strategies.
July 30, 2009
'We want to be equated with chartered accountants'
'We are equally qualified and competent.'
July 27, 2009
'We expect credit to make a very strong comeback in the second half'
'At the same time, we will allow unsecured loans to go off.'
July 24, 2009
How 'Colors' jumped into the top league
As the CEO of Colors, the Hindi general entertainment television channel from the Network18 group, the 35-year old Rajesh Kamat, is in an enviable position.
July 21, 2009
Cognizant to focus on Asia, Latin America
Francisco D' Souza, president and chief executive of Cognizant Technology Solutions (earlier called Dun and Bradstreet Satyam Software), believes Asia and Latin America would be the nearly $3-billion New Jersey-based offshore IT service major's focus areas of growth.
July 20, 2009
'Satyam is worth documenting and should be made a case study'
'But I would not like to write it myself. I don't think it will be right.'
July 17, 2009
GM food hazard: Crisis worse than financial meltdown
'I believe that the world is headed for the biggest health crisis ever because of the lack of transparency.'
July 15, 2009
'One can never miss the Indian market'
'Our visit gives us an opportunity to understand the culture of the country.'
'We look at ways to change the world'
Suvir Sujan talks about his company's vision, investment plans and belief in the Indian growth story.
July 13, 2009
'Broad range of reforms will get done in time'
The Union government's response to the many comments and criticisms of the 2009-10 Budget was explored by Karan Thapar for Devil's Advocate, the CNN-IBN channel programme, with deputy chairman of the Planning Commission Montek Singh Ahluwalia.
July 08, 2009
'Venture capital is not hot money'
The venture capital/private equity industry needs to be encouraged as such investments create jobs and help establish companies in new sectors. There is also a strong case for incentives for investors in these funds, says Saurabh Srivastava, chairman of the Indian Venture Capital and Private Equity Association.
July 04, 2009
'We can use land to catalyse development'
Staunchly declining to comment on personalities, Railway Minister Mamata Banerjee says there are enough assets with the organisation to enable a sustained improvement in operations which will also push development. Edited excerpts:
July 03, 2009
'India's growth rate would be around 7%'
India should continue with the pending reforms in many sectors to get the economy back on track and take it to a high growth rate, says Arvind Virmani, chief economic advisor to the government, in an interview with Business Standard
June 26, 2009
'We are seeing a huge demand for home loans'
'Loan approvals have increased at a much higher pace. And this growth has been driven by retail, not project finance,' says R R Nair, director and chief executive, LIC Housing Finance.
'IT firms' smaller deals have not gone slow'
Wipro Technologies CFO Manish Dugar tells Ravi Menon that smaller deals are coming in use to gain mindshare and pave the way for the big-ticket contracts.
'Infosys will continue to run as usual'
Nandan Nilekani is stepping down to take up a bigger cause -- heading a government project to provide a unique identity to each of India's citizens. S Gopalakrishnan, the CEO and MD of Infosys and a co-founder of the company, tells Bibhu Ranjan Mishra what Nilekani's exit means for the company.
June 25, 2009
'Ford is passionate about India'
'We announced a $500 million investment plan for India. I have not received a single call from either the US or Bangkok (Ford's Asian centre of operations) asking me to freeze the investment programme or to scale it down,' says Michael Boneham, MD, Ford India.
June 23, 2009
'Small businesses spell big opportunity'
Yes Bank Founder, Managing Director and CEO Rana Kapoor is confident that the potential is huge and risks close to none. The bank has around 8,000 relationships in this segment and claims to have mapped about 150,000 such relationships.
'Too early to say if economy has bottomed out'
In an interview with Business Standard's Devika Banerji, he says the monitoring of rural spending should be on top of the new government's priorities.
June 12, 2009
'Jazz should give us double-digit growth'
Masahiro Takedagawa, president and CEO of HSCI, feels his company can record double-digit growth this year, owing to an improving economy and continuous government effort to boost spending.
June 05, 2009
'The days of tax havens are over'
Switzerland only provided information on tax fraud that led to criminal activity. But the Swiss definition of tax fraud is quite narrow, which means that a false invoice is not a crime. Now, any tax abuse will be covered.
June 04, 2009
'Fiscal deficit higher than 6% of GDP? Imprudent'
In an interview with Business Standard's Sapna Dogra Singh and John Samuel Raja D, C Rangarajan says there are some encouraging signs in the economy, but the real recovery will come only in 2010-11.
'The real surprise in Asia could be India'
'India has got a large collection of world-class companies, extraordinary entrepreneurs, well-developed markets and an educated workforce that will act in its favour. What's been missing between this micro and macro is political impetus to reforms. The recent election changes the prospects for reforms,' says Stephen S Roach, chairman, Morgan Stanley Asia.
June 03, 2009
'Our nuke programmes will gain momentum now'
The country is planning to increase its nuclear power generation by about 60,000 mega watts (Mw) within the next 25 years. This planned capacity addition is being executed by the state-owned Nuclear Power Corporation of India Ltd (NPCIL). Its head, Chairman and Managing Director SK Jain, tells P B Jayakumar about his plans and expectations.
June 01, 2009
'3G technology as cost-effective as 2G'
With the state-owned BSNL's 93-million-line tender once again the subject of a controversy, it's but natural to elicit the views of Ericsson's global president and CEO Carl-Henric Svanberg on this
'We've handled crisis much better than anyone else'
In this interview, Rakesh Mohan spoke on a range of issues about the challenges he faced during his stint at the central bank and the journey from handling the real economy sectors to monetary economics
May 29, 2009
What L&T learnt from Satyam
Sudip Banerjee, CEO, L&T Infotech talks about business post-Satyam, expansion plans and bigger acquisition targets.
'Legal action is the only way to protect revenue'
Bhushan Kumar, chairman and managing director of the Rs 350 crore (Rs 3.5 billion) Super Cassettes Industries, the country's leading music company that owns the T-Series label, spoke to Shuchi Bansal on the challenges facing the music industry and his company's initiatives to keep its head above water.
May 25, 2009
Forbes on the troubled newspaper industry
The newspaper industry in the West may be reeling under the onslaught of the web but Steve Forbes, editor-in-chief, Forbes, and grandson of the founder of the magazine, believes there is a market for value-added content that people will pay for.
May 22, 2009
'I've been waiting for this government for 12 years'
The new government will have to act quickly to maintain the momentum, Andrew Holland, CEO institutional equities and equity proprietary trading, Ambit Capital, tells Business Standard's Rajesh Bhayani.
May 19, 2009
Congress will follow an 'inclusive' reforms agenda
The UPA government will follow an inclusive reforms agenda all the while keeping a check on India's fiscal health, says Manoj Vohra, research director at Economist Intelligence Unit.
May 18, 2009
Canon bullish on growth in India
Canon has been annually launching around 100 products in India. The year 2008 saw a 31 per cent growth rate, to touch a top line of Rs 665 crore (Rs 6.65 billion).
May 15, 2009
4G technology on priority list, says Trai boss
Another priority is to prepare the country for the fourth generation (4G) technology. It will not only improve teledensity and improve data services, but also ensure that the country is prepared for all the future developments, says J S Sarma.
'We are having a relook at buyback regulations'
There are some difficulties in bringing changes in buyback norms and we are having a relook at the regulations, says C B Bhave.
May 13, 2009
'Mutual funds do not have an unblemished record'
While stock market indices are rising, UTI Asset Management Company chairman and managing director U K Sinha says that risk appetite at the retail level is low.
Y V Reddy on how to tackle the crisis
As governor of the Reserve Bank of India (RBI) till September last year, YV Reddy was in-charge of monetary policy at a time when the economy grew at its fastest pace ever
May 12, 2009
'If businesses focus on core, outsourcing will stay'
Having spent the first 90 days meeting employees and key clients, Jeya Kumar, new CEO of Patni Computer Systems, is clearly in control. While he acknowledges concerns due to the current slowdown, he has started restructuring the company. He details the growth plans in a chat with Business Standard's Shivani Shinde.
May 11, 2009
How Oracle's acquisition will impact Sun
This is a period fraught with uncertainty for the employees of the wholly-owned Indian subsidiary of Sun Microsystems after database giant Oracle announced the acquisition of its parent for $7.4 billion on April 29.
'Indian customer is the most discerning in the world'
Giorgio Armani SpA, the Italian fashion company which designs fashion accessories, apparel, cosmetics, fragrances, home interiors, eyewear and watches, among other things, opened its store in India in the middle of a slowdown. The company's deputy managing director John Hooks who has considerable experience in luxury retail in Asia was in India some time ago and spoke to Business Standard's Anoothi Vishal on Armani's India plans.
May 08, 2009
Bharti's goal: Next 100 million subscribers
The two dominant segments in the next 100 million are the youth and those living in rural areas, says Sanjay Kapoor.
May 06, 2009
'We see huge potential in India's defence-related biz'
Larsen & Toubro chairman and managing director AM Naik speaks to Business Standard's Nevin John and PB Jayakumar on the new joint venture with global defence giant EADS and other plans.
May 05, 2009
Overseas spending affected us: Amex CEO
Rajesh Saxena, CEO, American Express Banking Corp, India, tells Business Standard's Bhupesh Bhandari how he is fine-tuning American Express' credit card strategy.
'SBI brand will help grow business by 50 per cent'
Brand SBI is very strong, while people may be generally cautious about some other brands. We can not only tap the potential better but can also provide a safe and transparent insurance alternative to the public, says US Roy.
May 04, 2009
'India to recover faster than developed nations'
Recession here is not as drastic as what you might see in the developed world because the hole that is dug is not that deep in countries like India; thus, they can recover much quicker, says S Somasegar.
May 01, 2009
'Aamir Khan is the highest-paid brand ambassador today'
It is natural that the endorsement price is heavily skewed in favour of icons like Aamir Khan, SRK, Akshay Kumar, Sachin Tendulkar and M S Dhoni. These five, on average, get roughly three times what the next 10 get, says Manish Porwal, CEO, Percept Talent Management.
'Growing the top line will not be easy this year'
This financial year will not be easy, mainly due to lack of pricing opportunities. Still, if volume growth remains robust, profit expansion will be good, says Dabur India CEO Sunil Duggal.
We are cash-rich, looking at acquisitions: Adi Godrej
In an upbeat mood on good results, Adi Godrej, chairman of the Godrej group, tells Business Standard's Sapna Agarwal he is looking forward to a good year, as the fast-moving consumer goods sector remains unaffected by the general slowdown.
April 30, 2009
'There has been a decline in poverty in India'
"The rest of the world should pass a motion of thanks to India for keeping its emission at a level which actually is below the level required to achieve climate sustainability," says Montek Singh Ahluwalia, a key member of Prime Minister Manmohan Singh's economic team.
April 28, 2009
Infosys CEO on the lessons he learnt
Infosys employees understand the environment in which we are operating. They interact with the clients, they see the situation, says Kris Gopalakrishnan.
April 27, 2009
Vaidyanathan on his plans for ICICI Prudential
With more players, products and rising consciousness about the need for insurance, the market has to grow. As for the team, the existing management team continues (at ICICI Prudential) to be there. The team has built a solid business, an excellent brand. The systems are in place, so it is a good stepping stone, says Vaidyanathan.
Chanda Kochhar on ICICI Bank's asset base
The proportion of retail assets is higher, so NPAs from that part would be higher, says Kochhar.
April 24, 2009
'If it impacts our top clients, it will affect us'
TCS's chief operating officer and executive director, N Chandrasekaran, tells Shivani Shinde he'll focus on cost efficiency.
April 22, 2009
Management tips to survive the economic slowdown
According to Jason White, leader of Hewitt's business performance improvement, cost-cutting and layoffs are amongst the biggest concerns of companies today. He urges struggling firms to change the way people are organised, utilised and managed.
April 23, 2009
We do not have a pink slip policy: HCL
"HCL's employees know that bill tightening has to happen, but in a collaborative manner. There is a trust factor between the employees, the company and the customers and we do not have a pink slip policy. That is why we squeezed utilisation up to 75 per cent and our hiring in the last two quarters has not been much," says Vineet Nayar, CEO, HCL Technologies.
Work 10 days a month, Wipro tells benched employees
"We found value in people being given flexibility instead of asking them to come to work when there is no work. We have also given them a choice of coming to office 10 days at a stretch in a month, rather than coming two days every week," says Girish Paranjpe, joint CEO of its information technology business.
April 22, 2009
'I'm not here just to remain the fourth-largest IT company'
The new bosses of Satyam Computer Services took the step of directly taking questions from apprehensive employees.
'Zero policy rate is not an option in India'
Reserve Bank of India Governor Duvurri Subbarao describes his first seven months on the job as challenging, partly due to the uncertain global economic environment and also because he has had to adjust to living in the financial capital, Mumbai.
April 22, 2009
'I'm not here just to remain the fourth-largest IT company'
The new bosses of Satyam Computer Services took the step of directly taking questions from apprehensive employees.
'Zero policy rate is not an option in India'
Reserve Bank of India Governor Duvurri Subbarao describes his first seven months on the job as challenging, partly due to the uncertain global economic environment and also because he has had to adjust to living in the financial capital, Mumbai.
April 22, 2009
'I'm not here just to remain the fourth-largest IT company'
The new bosses of Satyam Computer Services took the step of directly taking questions from apprehensive employees.
'Zero policy rate is not an option in India'
Reserve Bank of India Governor Duvurri Subbarao describes his first seven months on the job as challenging, partly due to the uncertain global economic environment and also because he has had to adjust to living in the financial capital, Mumbai.
April 21, 2009
Management tips to survive the economic slowdown
According to Jason White, leader of Hewitt's business performance improvement, cost-cutting and layoffs are amongst the biggest concerns of companies today. He urges struggling firms to change the way people are organised, utilised and managed.
April 14, 2009
'We made a rational bid which we can defend'
For Tech Mahindra, the successful bidder for Satyam Computer Services, it was "a game-changing day," according to Anand Mahindra, vice-chairman & MD of Mahindra & Mahindra.
'Satyam is a very valuable company'
The board -- which includes, Kiran Karnik, T N Manoharan, former chief, ICAI, and HDFC chief Deepak Parekh, appeared relieved after a marathon run of selecting a bidder for the scam-tainted firm.
April 09, 2009
'This is the worst crisis in our lifetime'
"The credit turmoil that the world is seeing now is clearly the worst in history," says Habil Khorakiwala, executive chairman, Wockhardt. He should know, as his company finds itself in trouble over a Rs 3,400 crore debt burden.
March 30, 2009
'Outsourcing industry is here to stay'
Countries that adapt to change and are on the cutting edge of IT innovation will come out of the recession stronger than before. Any number of countries could emerge stronger but that's up to their governmental leadership and the strength of their IT industry.
March 28, 2009
'Crisis: There is scope for India to do well'
Martin Feldstein, George F Baker Professor of Economics at Harvard University, speaks about the global economic situation.
March 26, 2009
'India, not US, will lead global economic recovery'
Sheeroy Desai, CEO of PAC, was in India recently. In an interview to rediff.com, he made some interesting observations on the recent recession and its impending recovery.
'Good time to execute large infrastructure projects'
Lalit Jalan, the younger Ambani's Wharton classmate and CEO of R-Infra, tells Nevin John that the company will put in Rs 2,800 crore (Rs 28 billion) over the next three years as equity in various projects.
'The slowdown won't affect good talent'
'The demand is not there for those who are not following industry standards. And this is true for the 10 per cent of employees who are now being asked to leave. It is a good course correction from the long-term perspective for the industry,' Ninad Karpe, CEO and MD, Aptech.
March 24, 2009
How Arvind Brands plans to tide over the crisis
After much speculation and dithering, Ahmedabad-based garments giant Arvind Limited recently spun off its brands and retail business in an effort to realise valuation and raise funds for aggressive expansion.
'Loan demand has improved in fourth quarter'
"We are already restructuring viable accounts, which are facing temporary cash flow problems," says S Sridhar, Chairman & MD, Central Bank of India.
'A very sad day for West Bengal'
'The land is partly with the government, partly with the company. In the changed economic scenario, I cannot say how quickly another plant will come up there,' said West Bengal's Industry Minister Nirupam Sen.
'We don't bother about Nano or No-No'
'We are bothered about the people's problems. The government forcefully and illegally occupied the land at Singur -- that's why we opposed the forceful occupation of the land,' said firebrand political leader Mamata Banerjee, who forced the Nano project to move out of Singur.
'It has been a nightmare getting the Nano out'
Among other things, Ratan Tata also said, 'All I can say at the moment is that the project is highly profitable. After all, I am not doing it for philanthropy.'
March 23, 2009
'Recession is a time to build brand equity'
During recession, consumers tend to vouch for safer choices, and that is where Nokia can build its brand during the downturn, says D Shivakumar, MD and VP-markets, Nokia India.
'There is room for plenty of new players'
'The idea of modern retail is to drive consumption and grow the economy. If international retailers can do that and add new categories, why not?' asks Kishore Bayani of the Future Group.
'EPF: The more subscribers the better'
K Chandramouli, commissioner, Employees Provident Fund, tells Business Standard's Sreelatha Menon that expansion of the fund will make it sustainable.
March 20, 2009
'We've just won the Volkswagen order'
Apollo Tyre's vice-chairman and joint managing director Neeraj R S Kanwar speaks about the company's global foray and its plans to compete with global majors who're slowly increasing their share of the local market as well
'No need to cut jobs in India'
Given the economic slowdown, Masaru Tamagawa, managing director, Sony India, believes India will be better suited to help Sony meet its worldwide target.
March 19, 2009
'India's Dream Team failed to deliver'
This also shows that there are other skills that go into a success story than mere ideas.
Aircel COO on how to compete in a congested market
GSM operator Aircel on Wednesday became the seventh telecom operator in Delhi. Gurdeep Singh, chief operating officer, spoke to Business Standard's Ishita Russell on the company's plan to tackle competition in a congested market.
'People are still willing to sign cheque books'
Madhabi Puri Buch, MD & CEO, ICICI Securities tells Sidhartha she is using the present market conditions to focus on innovation.
Why Hemendra Kothari is leaving Merrill Lynch
We have a great team and they are quality people with decades of experience. Everyone would like to retain them, says Hemendra Kothari, Chairman, DSP Merrill Lynch.
March 18, 2009
'High fiscal deficit, biggest risk to India'
Anjalika Bardalai, senior economist and editor at Economist Intelligence Unit says fiscal deficit is the biggest downside risk to India's growth story.
'Employee referrals have worked for us'
"We have never done much lateral hiring since we promote from within the company. Given the GE legacy, Genpact has always believed in performance appraisals. This period is no different," says V N Tyagarajan, COO, Genpact.
'We've got to get more investment from India'
Last month, Industry Minister Tony Clement became the fourth Canadian federal minister to visit India this year. His main mission was, he told Rediff India Abroad's Ajit Jain in an exclusive interview, to "encourage foreign direct investment by Indian entrepreneurs and companies into Canada" and also to woo Indian tourists to Canada.
'We're looking for firms that can survive the crisis'
We look at strong companies. We tell them to conserve liquidity and conserve cash so that they can survive this period of downturn and come out stronger, says Shahzaad Dalal.
March 17, 2009
'Buying Satyam will catapult us into a different league'
"Satyam will give us the scale. This will make us stronger," says Phaneesh Murthy, CEO of the Freemont (California)-based IT services provider, iGate Corporation, and one of the suitors of the beleaguered IT corporation.
March 16, 2009
'In a recession, governments have to spend'
'If money is spent on good projects, then it is explainable, especially in deflationary circumstances. To boost demand, there is a need to increase spending,' Justin Yifu Lin, chief economist, World Bank.
March 13, 2009
'Pay Commission hikes are not productive'
Pradip Shah, the forthright chairman of IndAsia Fund says government spending should have targeted infrastructure such as roads and power projects so that productive assets would have been created and at the same time it would have provided a living for low-income labourers and less-qualified people. 'They, in turn, would have spent the money on essentials and some long-term assets for themselves,' he says.
'In India, mega projects face initial hurdles'
'In India, mega projects in any sector face initial hurdles. That's a reality for all companies or sectors. We need to have the tenacity and perseverance, which we have,' says Koushik Chatterjee, CFO, Tata Steel.
March 09, 2009
MphasiS CEO on the company's growth strategy
MphasiS, the IT and business process outsourcing service provider, has seen some changes in recent years. First, the Bangalore-based company promoted by Jerry Rao was acquired by EDS. Then, HP acquired EDS last year.
'West Bengal still among top investment destinations'
At ground level, Trinamool leaders are quite reasonable and supportive. But TC is such a party where opinions of the grassroot-level people don't matter. The party has decided to oppose whatever development work we undertake, says
March 03, 2009
'Building a startup is a marathon, not a sprint'
At the EmTech India 2009 Conference in New Delhi, Sanjay Swamy, CEO of mChek, spoke about mobile bill payment technology, his participation at the IT conclave, his journey as an entrepreneur, global downturn and other issues.
Of Dimagi and smart healthcare
Dimagi is a dedicated group of clinicians and programmers looking for ways to improve the quality of life and the quality of care across the globe. Dimagi has led development on SmartCare, the electronic national medical record system in Zambia.
March 02, 2009
'Economy will return to trend growth rate after 2009-10'
Putting forward the government's view on the high level of fiscal deficit, Arvind Virmani, chief economic adviser in the finance ministry, claims the 6 per cent deficit is reversible.
'Nimbus' market share expected to grow by 50%'
Harish Thawani, Nimbus Communications' flamboyant CEO, wants to take the Neo sports channel to such new markets as Malaysia, Thailand, Indonesia Europe and North America. The aim, he says, is to achieve an over 50 per cent growth in market share next financial year.
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