Business Today back issues from January 2009:
Economy: As globalisation spread ; India is more globalised than it imagines it is. The government and the people will have to accept this fact to better understand and respond to the global crisis.
Jan 11, 2009; ... Unable to believe what he saw on one of the slides, PrimeMinister Manmohan Singh had the presentation being made to him at 7Race Course Road one afternoon in July 2007, put on pause. Heremoved his glasses and placed it on the desk in front of him andpicked up a pencil. The economist and ...
Stock market: Is the worst over? ; Despite the slowdown, the market remains cautiously optimistic about a bull surge in 2009 on hopes of an economic recovery in the second half.
Jan 11, 2009; ... On December 12, around noon, the BSE Sensex was down by over 300points, when the Index of Industrial Production data for October2008 was releasedshowing a decline of 0.4 per cent from last year'sfigures. But, by end of the day, it had recovered most of the lossesand closed marginally ...
Trends of 2009 ; It was as way back as the October of 2007 that rating agency Standard and Poor's had predicted that the US subprime housing crisis would not peak until 2009. If a global downturn that's deepening by the day is any indicator, the S&P boys had got it spot- on.
Jan 11, 2009 ... It was as way back as the October of 2007 that rating agencyStandard and Poor's had predicted that the US subprime housingcrisis would not peak until 2009. If a global downturn that'sdeepening by the day is any indicator, the S & P boys had got itspot-on. As BT went to press last ...
Oil price: Bounce ahead? ; Oil prices fell as sharply as they had risen in '08, making it the best news of the year-end. But supply and cost considerations point to an upturn in 2009.
Jan 11, 2009; ... As economic growth sags to levels unprecedented in recent yearsacross the world, India has had some cause for joy from thesouthward-bound global crude oil prices. From a high of $147 abarrel as late as July 2008, oil prices shaved-off more than 70 percent to skirt around $40 in ...
Telecom: 3GFinally.4GNotTooFar ; It has been talked about for months. Now the 3G network is on the verge of arrival in India. But it could also be the 4G straightaway.
Jan 11, 2009; ... On December 11, 2008, a rather momentous event took place whenthe Union Telecommunications Minister A. Raja placed a video call toPrime Minister Manmohan Singh over a third-generation (3G) mobilenetwork. Don't celebrate just yet, because, while this call was madeon a Mahanagar Telephone ...
Technology: Tomorrow's toys ; Devices that respond to speech and gesture, lights that last 60,000 hours 2009 will have its own share of innovations.
Jan 11, 2009; ... The traditional method of using computers and, indeed, any othertechnology is currently in the midst of a drastic transformation. Atthe upscale New York Sheraton, Microsoft recently debuted Surface,the first commercially available surface computer. This is a 30-inch display, placed on ...
Automobiles: A hybrid year ; Honda's Civic Hybrid may not have been a runaway success, but 2009 promises to be a year of hybrids.
Jan 11, 2009; ... Imagine a system where you are stuck at a traffic light andswitch off your engine, but keep the air-conditioner on and thestereo playing. And then when you slip into gear as the lights turngreen the engine starts seamlessly! No sputtering or tension of theengine failing to ...
Campus recruitment: The audacity of hope ; Students are no longer worried about the pay-packet being offered, but whether the campus recruiters will appear with a mandate to recruit, says Sharadh Manian.
Jan 11, 2009; ... As you approach a certain venerable management institution in theheart of the financial capital of India, the excitement of freeenterprise is hard to miss. Roadside vendors, bordering the campuswall, sell exotic fast food (a Schezuan Paneer Dosa costs Rs 85!).At the nearby roadside ...
Jobs and salary: The big freeze ; Barring a few, virtually every sector is cutting down on hiring. It will be a long winter for jobs and wages in 2009.
Jan 11, 2009; ... When work shrinks, what happens to workers? It really depends howmuch the work has shrunk and for how long. The Indian job market isdesperately searching for answers to these questions. Although workhas reduced in varying degrees across sectors, what companies stilldon't know is whether ...
Corporate governance: The strange case of Satyam ; Codes of corporate governance are only guideposts. When you deviate, the press and activist shareholders must rap your knuckles, says Omkar Goswami.
Jan 11, 2009 ... I serve as an independent Director on the Board of InfosysTechnologies which, in instances, competes with Satyam for baggingkey projects. What follows here has nothing to do with my being onthe Board of Infosys; it has everything to do with the tenets ofcorporate governance that I ...
Corporate goverance: Get up, stand up ; Shareholder activism has been an unheard of phenomenon in India, until a clutch of Indian promoters gave investors a chance to flex their muscle in 2008.
Jan 11, 2009; ... Carl Icahn, Daniel Loeb and Stephen Mayne are just three of themore famous shareholder activists in the West. Icahn, himself afinancier and a private equity investor (and one of the world'srichest persons, to boot), has been keeping himself busy over theyears, bringing ostensibly wayward ...
The I-bank shuffle ; As outbound deals dry up, the I-bank league tables throw up new names at the top. Theme for 2009: Domestic consolidation.
Jan 11, 2009; ... You don't need to be Einstein to figure out that a slowingeconomy coupled with the huge shakedown on Wall Street isn't goodnews for investment banking advisors. Deal flows have slowed down,as data from Thomson Reuters on mergers&acquisitions (M & A)involving Indian companies that have ...
In numbers: The best of times ; The year gone by witnessed unprecedented highs as well as new lows in the world of business. A few snapshots of 2008 in numbers.
Jan 11, 2009 ... 21,207: Was the 52-week high for BSE Sensex in January 2008.Incidentally, 7,697 was the 52-week low in October 2008, but that'sanother story. 141%: The percentage by which shipments of consumer notebooksgrew during the first quarter of 2008, according to InternationalData ...
Quotes of the year ; The world of business has seen more ups and downs in 2008 than there are on a Himalayan trek. Not surprisingly, leaders from the world of politics and business were surprised by the dramatic turn of events, making statements that, in retrospect, made them appear a little out of their depths.
Jan 11, 2009 ... The world of business has seen more ups and downs in 2008 thanthere are on a Himalayan trek. Not surprisingly, leaders from theworld of politics and business were surprised by the dramatic turnof events, making statements that, in retrospect, made them appear alittle out of their depths ....
The newsmakers: CEO watchers ; Who were India's and the world's most talked-about CEOs in the year gone by?
Jan 11, 2009 ... From the Murdochs to the Tatas, CEOs of the most influentialcompanies in the world have always been in the news. The CEO'sreputation is critical for a company to remain in good health.CARMAInternational, a media content analysis and communication researchorganisation, has developed a ...
The big moves of 2008 ; Just when you thought they were well-settled in their existing roles, these few good men and women decided to make a splash.
Jan 11, 2009; ... February Parthasarathy Shome,57 Chief Economist, Revenues and CustomsDepartment, UK The former Economic Adviser to the Union FinanceMinister of India moved to UK's main tax collection agency inFebruary. Kevan Watts, 57 President, DSP Merrill Lynch Before moving toIndia, ...
Eventful past, bright future? ; BT takes a close look at sectors across the economy, noting the big events and placing on record the expectations for 2009.
Jan 11, 2009; ... There was never a dull moment in the world of business in 2008.From health care and IT, to aviation and real estate, deals werebeing brokered, brands were launched and firms merged, acquired orsold even as the Sensex rose sharply and then plunged to new depths.Here are the most ...
India Inc.'s New Year resolutions ; There's no quick-fix turnaround to be expected in the year ahead. BT presents 10 resolutions for 2009 to help India Inc.
Jan 11, 2009; ... December evokes memories of our teenage years, when we busilyscribbled down resolutions for the New Year, in a newly acquireddiary. Though many of these resolutions were already broken in theyear gone by, they were renewed with hope once again. Others werefresh, as life posed new ...
We will work with the other India ; Inclusive growth needs to become much more than just a seminar- friendly buzzword.
Jan 11, 2009 ... India's favourite management guru today, C.K. Prahalad rarelyminces his words when espousing his theory of fortune at the bottomof the pyramid. At a conclave organised by Confederation of IndianIndustry in May '08 (where Prahalad reiterated his vision for Indiaat 75), he repeatedly ...
We will grease less palms, especially abroad ; Corruption is the biggest hurdle to the country's progress. Can we begin to mend our ways in 2009?
Jan 11, 2009 ... This is one place we would rather not be. The TransparencyInternational's Bribe Payers Index ranked India at #19 out of 22countries. The lower you are ranked, the more likely are yourcompanies to pay bribes when working abroad. We might take somepride in the fact that India debuted on ...
We will join the fight against terror ; Corporate India suddenly finds itself confronted with a new challenge of protecting its establishments.
Jan 11, 2009 ... The ink of the scholar is more holy than the blood of themartyrthe Koran on Jihad Joining the fight against terror is oneveryone's agenda now. And there is no better way to join the fightthan to use the pen, as the quote above from the Koran, on thesubject of Jihad, suggests. While ...
We will worship cash ; Despite the apex bank's efforts, liquidity remains a concern. Cash will be king for some time to come.
Jan 11, 2009 ... Focus on cash flows and not just on profits. This is a liquiditycrisis and cash is king,says Sudip Bandyopadhyay, Chief ExecutiveOfficer, Reliance Money. Bandyopadhyay has led a rapid rollout ofservices at Reliance Money, and surely, understands the importanceof cash flows. He feels that ...
We will hire top talent and avoid mass firings ; Layoffs are inevitable in 2009, but the slowdown may be a great opportunity to hire quality talent at reasonable terms.
Jan 11, 2009 ... The second part the hiring was easy. Mass firings are bad forpublic relations and who wants bad PR in India anyway. However, thebitter truth is that a lot of firings are happening now. Accordingto Anoop Narayanan, Partner at legal firm Majmudar&Company (the firmdeals with legal aspects ...
We will acquire to grow our business, but only with our own cash ; Acquisitions will continue in 2009, but don't be surprised if bankers aren't pushing leveraged buyouts any more.
Jan 11, 2009 ... Our hunch was that businessmen in India would stay away fromacquisitions now. With finances drying up and equity valuationsdropping, it is tough for companies to raise money for acquisitions. However, low valuations cut both ways and for people with readycash this is a good ...
We will turn a little more green (not with envy though) ; Will India still be the world's fourth-largest emitter of carbon dioxide in the New Year?
Jan 11, 2009 ... This is one more from our own wish-list that found echoes fromcorporate India when we asked around. A greener, cleaner India Inc.that actively seeks alternative fuel, invests in rainwaterharvesting, works out of green buildings and adds up carbon creditsis something we can dream of ....
We will listen to our customer as we fight for market share ; As supply exceeds demand in most sectors, companies have to get closer to the consumer than ever before.
Jan 11, 2009 ... This is one time when the customer can have his say, seeing howcar prices have fallen and the rates at which these prices havedropped are even greater than the excise duty cut announced by thegovernment. This is called a buyer's market where there is moresupply than demand. For Indian ...
We will start jogging: Trim flab, focus on efficiencies ; Cutting costs the right ones and getting back to the core will be a mantra for many in 2009.
Jan 11, 2009 ... Now doesn't that really sound like a New Year resolution? Haven'twe made this resolution so many times in the pastand well past ourteenage years? Now, it seems this can become a do-or-die resolutionfor corporate India. Sunil Chandiramani of E & Y says this is aclear and classic ...
We will take a re-look at everything we are doing ; The New Year may prove to be a game changer, with many companies opting for radical measures.
Jan 11, 2009 ... This was a unanimous resolution again but is placed at the end bydesign. Whatever Indian business houses may do or not do, they needto take another at their entire business models. There are doompredictors around who say this downturn may last 10 years. It is toobad a scenario to imagine ...
Why you need a cash lab ; Industry observers say that India Inc. is in much worse shape than it currently appears. Bloated with debt and hobbled by a severe slowdown, Indian firms need rapid cash generation.
Jan 11, 2009; ... For the past four years, A whole range of Indian companies fromautomakers to aluminium miners embarked on a feeding frenzy at thetrough of global debt so they could rapidly expand their businesses.Acquisitions of foreign companies were trumpeted by the country'snewspapers as a sign of a ...
2008The year that changed investing ; 2008's extreme wealth destruction put wealth managers in a spot of bother. BT surveys their market strategies, and what they learned from the crisis.
Jan 11, 2009; ... New Delhi-based tax consultant, Deepak Jain, was among the fewinvestors who manged to pull through a difficult 2008. The 31-year-old started investing in equities in mid-2006 when the Sensexcrossed the 10,000 mark. Jain accumulated stocks of blue-chipcompanies and built his corpus brick ...
Retrospectives: Best of Business Today ; BT's Anniversary Specials... ...have not just been chronicling the travails and triumphs of India Inc. but also been guiding and setting the agenda for it. Here's the proof:
Jan 11, 2009 ... 1993 There was a lot that happened in 1992 that could have become thefocus of Business Today's first anniversary issue. There weremomentous policy changes taking place as part of the economicreforms promised to the International Monetary Fund. Then, there wasthe dramatic rise ...
Best of BT: Past and present ; A small selection of images and statements from our past issues to reflect on the journey since liberalisation.
Jan 11, 2009 ... A small selection of images and statements from our past issuesto reflect on the journey since liberalisation. Ratan Tata Then Apart from one or two exceptions, there was no real intent evenat JRD Tata's level to see the Tata Plan through or give it anyattention- BT, ...
Good employee Ver. 2009 ; The slowdown has turned the rules of keeping the job on their head. Here's what will ensure you won't lose yours.
Jan 11, 2009; ... The suddenness of the slowdown has handed out a reality check tothe job-hopping generation of young executives. Says an HR head atan IT services company:Call it the good fallout of bad times. Thenegative sentiment has been a wake-up call for our employees; wesuddenly find the levels of ...
Pining for that hole in one ; So what if it was a working day? Nothing like a round of competitive golf at Tolly to sharpen your focus for the next week! Somnath Dasgupta reports.
Jan 11, 2009; ... The cool winter morning did not give any hint of the slightlymuggy day that would follow as the participants at the BusinessToday-Honda Pro-Am Golf 2009 teed off by turns at Kolkata's TollyClub on Friday, December 5. Although it was a working day, thecity's elite golfers from scions of ...
2008's most sold ; BT culled India's top-selling business books of 2008 from the country's leading publishers. The result was an eclectic mix that ranged from management tips dispensed by global gurus to studies on consumer behaviour.
Jan 11, 2009 ... BT culled India's top-selling business books of 2008 from thecountry's leading publishers. The result was an eclectic mix thatranged from management tips dispensed by global gurus to studies onconsumer behaviour. PENGUIN We Are Like That Only Rama Bijapurkar Price: Rs 304 ...
Subprime alphabet soup ; A BT primer on words that entered and exited the business lexicon.
Jan 11, 2009 ... A is for adjustable rate mortgages or ARMs: A favourite withsubprime borrowers, as they can avail of lower initial interestrates. But naturally, these loans get more expensive with everyyear, unless, of course, interest rates go down. B is for bailout plans: When ARMs backfire, and ...
We saw the first ominous signals on the horizon: Sanjay Nayar ; When you are heading the world's largest bank's India operation, and that too in an unprecedented year for the financial markets, the job is not just about securing deposits, giving loans or doing mergers and acquisitions.
Jan 11, 2009; ... When you are heading the world's largest bank's India operation,and that too in an unprecedented year for the financial markets, thejob is not just about securing deposits, giving loans or doingmergers and acquisitions. Sanjay Nayar, the outgoing CEO of CitiIndia, the largest foreign ...
In the hot seat ; ICICI Bank's new MD & CEO has her task cut out in these volatile times, but she might just be the right person to take on this challenge.
Jan 11, 2009; ... I don't regret the timing at all,says 47-year-old Chanda DeepakKochhar in her first media interaction, hours after the 16-memberboard of ICICI Bank put their seal on her appointment as the newManaging Director&CEO of the country's second-largest bank. Come May1, 2009, Kochhar will ...
Watch list '09 ; Swati Piramal, 52, Director, Piramal Healthcare, will be the first woman at the helm of any apex chamber in India when she takes over as President, Assocham, in 2009.
Jan 11, 2009; ... First among equals Swati Piramal, 52, Director, PiramalHealthcare, will be the first woman at the helm of any apex chamberin India when she takes over as President, Assocham, in 2009.I thinkit is a great achievement and a big responsibility,she says. So,what is it that she wants to do ...
10 awards that will never be given ; Silly season is upon us, and the awards are being handed out left and right to entrepreneurs, enterprises, politicians, just about anybody in the public eye. So, we thought we'd join in with a few nominations of our own.
Jan 11, 2009 ... Silly season is upon us, and the awards are being handed out leftand right to entrepreneurs, enterprises, politicians, just aboutanybody in the public eye. So, we thought we'd join in with a fewnominations of our own. Now only if we could find a host for theceremony ... Most ...
'The best advice I ever got' ; BT asks the who's who of India's corporate world as well as some professionals and leaders from other fields for good measure to jog their memory and recall the best advice they ever got. What the advice was, who gave it to them and when, and how it helped them.
Jan 11, 2009 ... With India's economy and business transfixed by the globalfinancial crisis much as a Dooars elephant is blinded on the tracksby the headlight of a rushing train at night, the one thingeverybody from CEO to a call centre worker needs desperately isadvice. Not money, not receptive markets ...
Cry freedom! ; Investor activism more than independent directors can keep managements in check.
Jan 25, 2009; ... In February 2006, US billionaire Carl Icahn along with otherinvestors made a bid to acquire Korean tobacco company KT & G. Icahnsaw an opportunity, as the core tobacco business was trading at asignificant discount to its peers. The acquirers were of the viewthat the value in KT & G could ...
Instan tip ; The fortnight's burning question. Does the Satyam case prove that corporate governance in India is rather poor?
Jan 25, 2009; ... The fortnight's burning question. Does the Satyam case prove thatcorporate governance in India is rather poor?No. Raman Uberoi,Senior Director, CRISIL Ratings Incidents like the one at Satyamdon't really establish the fact that corporate governance standardsin India are weak. Of late we ...
The cost of safety goes up ; Get set to cough up a lot more as premium if you want to insure yourself against terror attacks as insurance companies revise their terms.
Jan 25, 2009; ... The scale of the damage due to the terror attacks in Mumbai hasprompted general insurance companies to revise the terms ofproviding such insurance cover. The General Insurance Corporation,the reinsurer (GIC Re), has proposed to increase the terror poolfrom Rs 750 crore to Rs 2,000 crore ...
Numbers of note ; 43 billion: The number of text messages sent by mobile phone users around the world on New Year's Eve and New Year's Day in 2007, 30 per cent more than the previous year.
Jan 25, 2009 ... 43 billion: The number of text messages sent by mobile phoneusers around the world on New Year's Eve and New Year's Day in 2007,30 per cent more than the previous year.35-82%: The percentage cutin Air India's basic air fares on the domestic sector. The maximumreduction in fares is on the ...
The money makers ; A five-year survey of the nation's top wealth creating companies and their track records throws up some surprises.
Jan 25, 2009; ... Now that the annus horribilis for the Indian bourses has ended,bringing an end to the five-year bull run finding out the biggestwealth creators in the past five years could give a sense of whereyour money should flow. A report released by Motilal OswalSecurities throws up some useful ...
Recycle your mobile ; What is it all about?You will be able to drop off your old mobile phone and accessories at a recycling bin set up by Nokia.
Jan 25, 2009; ... What is it all about?You will be able to drop off your old mobilephone and accessories at a recycling bin set up by Nokia.So they canresell it?Not quite. The company is saying that it will accept anydevice from any brand and it does not have to be in workingcondition.Why?Basically, ...
Not game yet ; A Nielsen study shows that India is fast bridging the digital divide with the western world, but they would still rather watch movies than get into gaming.
Jan 25, 2009; ... Clearly, indians prefer their movies over video games. This isso, despite the fact that the digital divide between emergingmarkets and developed economies is blurring, making the former morehungry for games. In a survey spanning 52 markets involving 26,202people across Europe, Asia ...
Boomtime for Indian MFIs ; Massive client outreach in 2008 has made Indian MFIs global contenders. That's not necessarily a good thing, say critics.
Jan 25, 2009; ... Micro finance institutions in India are welcoming 2009 with asmile as they look back on a productive year. As many as sevenIndian MFIs have been ranked among the world's top 50 in an annualMicrofinance Information Exchange (MIX) ranking of MFIs across theworld in 2008.We are delighted to ...
Tech savvy Kerala ; Imagine taking a boat across the backwaters of Kumarakom to your office in Ambalapara everyday.
Jan 25, 2009; ... Imagine taking a boat across the backwaters of Kumarakom to youroffice in Ambalapara everyday. The Kerala government's policy ofdeveloping infrastructure for information technology, usingthehub&spokemodel, is taking IT close to tourism locations withinthe state. A new brand is likely to ...
To be precise ; (Indian IT companies) need to move ahead and think of innovation. The need to draw better returns is built on cost efficiencies in the short-term, but primarily obtained through innovation
Jan 25, 2009 ... (Indian IT companies) need to move ahead and think of innovation.The need to draw better returns is built on cost efficiencies in theshort-term, but primarily obtained through innovationViswanathanAnand, World's #1 ranked chess player, in The Economic Times Wevirtually handed Mumbai on a ...
Stimulus package II ; Another stimulus from the government, which doesn't seem enough.
Jan 25, 2009; ... The Indian economy is expected to grow at 5-6 per cent, even asmost of its global counterparts are in a gloom and doom situation.However, this estimate may be in danger if one sees the intensity ofdeceleration in the domestic economy.In an attempt to speed up therevival, Reserve Bank of ...
Recognised ; Recognised: Infosys, as one among the top 20 global companies in the prestigiousMost Admired Knowledge Enterprises(MAKE) study, 2008.
Jan 25, 2009 ... Recognised: Infosys, as one among the top 20 global companies inthe prestigiousMost Admired Knowledge Enterprises(MAKE) study,2008.Acquired: By consulting major PricewaterhouseCoopers, allshares of ECS Ltd., providers of HR consulting services, from theerstwhile owners Eicher ...
Gadgets, gizmos & girls ; Women are being wooed by the makers of tech toys like never before.
Jan 25, 2009; ... Women are being wooed by the makers of tech toys like neverbefore. And why not, since a study by the Consumer ElectronicsAssociation has found that across the world, women outstripped menin terms of buying gadgets in 2008 accounting for $55 billion (Rs2.7 lakh crore) of the $96 billion ...
Potion or poison? ; A new report suggests ways to fix the 'flaws' in the functioning of the IIMs, but the prescription has created controversy and resentment among top IIMs.
Jan 25, 2009; ... The responsibility for the governance of IIMs is divided betweenthe Government, the Boards of the IIMs and the Directors. None ofthem have been able to play an effective role in developingstrategies and goals for meeting new challenges, and making IIMsinto institutions which could rank ...
December blockbuster ; The Ambani brothers love to make announcements around their father's birth anniversary on December 28. This year, while Mukesh started off the Reliance Petroleum refinery on December 25, Anil announced the GSM launch on December 30.
Jan 25, 2009; ... After some dithering, Reliance Industries' subsidiary ReliancePetroleum announced the commissioning of its new greenfield refineryat Jamnagar on December 25, meeting the yearend target it had setfor itself in 2008. The announcement came after initial reports thatthe commissioning might ...
India Inc. on the prowl ; Healthy cash reserves and compelling valuations encourage India Inc. to scout for acquisitions abroad.
Jan 25, 2009; ... After a relative lull, India Inc. is showing renewed interest incracking deals. December 2008 suddenly saw a flurry of outbound M &A activity. Piramal Healthcare, Wipro and Rolta led the way withacquisitions ranging from $10 million (Rs 48.7 crore) to $127million (Rs 618 crore).Analysts ...
Are good times here again? ; Low ATF prices and a possible shift in FDI policy for aviation hold out prospects of a speedier turnaround for Kingfisher Airlines.
Jan 25, 2009; ... Going into the third quarter of 2008-09, Vijay Mallya'sKingfisher was the most troubled airline in India. The carrier hadaccumulated losses of Rs 2,500 crore thanks largely to anunprecedented surge in Air Turbine Fuel (ATF) prices over theprevious six months. Kingfisher's projected ...
The web goes local ; A host of small start-ups in India are eyeing 'local' search as the next big business opportunity on the Internet.
Jan 25, 2009; ... India's internet landscape is changing. Today's users can locateanything from a Delhi chocolate shop to a Mumbai masseuse, completewith directions and phone numbers.In the past, if you wanted to finda food joint or a plumber, you'd ask your friends and relatives,saysKiran Kondurim, ...
Satyam's six deadly sins ; Whatever happens to Satyam Computer Services a buyout or an overhaul of board and management the truth is the promoters of the IT services major goofed up big time. Here's how.
Jan 25, 2009; ... Has B. Ramalinga Raju, Chairman, Satyam Computer Services,finally painted himself into a corner? As if being sued by a UKmobile payment services company for fraud and forgery wasn't enough,Raju shot himself in the foot by attempting to push through twounrelated acquisitions of family-run ...
The myth of corporate governance ; As far as brazenness goes, Satyam's boardroom high-jinks are unparalleled. But that doesn't mean the rest of India Inc. is an epitome of virtuous governance.
Jan 25, 2009; ... Dr Bala V. Balachandran, J.L. Kellogg Distinguished Professor ofAccounting, Information Management and Decision Sciences, andFounder and Honorary Dean, Great Lakes Institute of Management,Chennai, is an independent director on the boards of several Indiancompanies. Two years ago, at one ...
Best Companies to work for in India ; This is the best time to alert readers about the 'Best companies to work for' together with each company's responses to many questions: Does it plan any pay cuts? Does it plan to increase headcount by March 2009? Did its headcount in December 2008 increase over the figure for 2007?
Jan 25, 2009 ... List of best companies to work for Also read With companies in developed countries slashing jobs, and many inIndia following suit, was this the right time to publish a surveyonThe Best Companies to Work For in India ? After all, managinghuman resources comes after the basic ...
Microsoft India: Staying on top ; Its open and invigorating work environment keeps Microsoft India at the top. But the company has some HR challenges to meet.
Jan 25, 2009; ... In the last decade that Nagendar Vendula has been with Microsoft,the 41-yearold Master's in Computer Engineering has transitionedthrough a variety of roles, ranging from product engineering andmanagement, to managing the software giant's 300-person inhouse ITteam. Vendula has moved from ...
iGate Global Solutions: The rise of the underdog ; In a market where big companies and brands are seen as the best employers, iGate Global Solutions has flown below the radar, jumped four places in this survey, to emerge as the second-best employer.
Jan 25, 2009; ... You can't be serious,the technology practice head of a prominentheadhunting firm told this writer, when he was informed that iGateGlobal Solutions was among the 20 best employers in the country. Ina cut-throat employment market, iGate is seen as the flyweight,competing with ...
HCL Infosystems: Idea factory ; An intense work culture that breeds entrepreneurship and innovation has techies flocking to low-key, and unpretentious HCL.
Jan 25, 2009; ... What on earth is happening at HCL Infosystems? The companydoesn't have the slick marketing savvy of a Microsoft or theimpressive campus of an Infosys or a suave helmsman like an AzimPremji. It doesn't even have enough girls: The female to male ratiois an abysmal 1:14. Yet, HCL Infosys ...