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| December 23, 2008 | | 'We have aggressive plans to invest in India'
Having bucked the slump, Coca-Cola India's growth continues to be robust. Atul Singh, CEO & president of the company, is betting big on the country's potential to emerge as its top five markets in the world.
'Slowdown will make students less arrogant'
'I see the current slowdown more as a corrective measure. The students have started dictating which companies should come to campus. This slowdown will help in making the students less arrogant,' says J K Mitra, dean, Faculty of Management Studies.
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| December 16, 2008 | | 'Slowdown? Time of big opportunity'
A McKinsey study on the last slowdown of 2001-2002 showed the companies that emerged successfully from the downturn were those that used their cash, did lots of mergers and acquisitions, and stepped on the accelerator.
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| December 15, 2008 | | 'Apple TV: The best gadget of 2008'
It has a 60 GB hard drive, ethernet port, wireless LAN and TV component output.
A good year for Larsen and Toubro
Larsen and Toubro (L&T) is one company which seems to be bucking the slowdown trend. The engineering and construction behemoth has projected an order book of Rs 66,000 crore (Rs 660 billion) by March 2009, a growth of 30 per cent over the previous year.
'Best time to buy long-term investments'
If they have extra cash to put into long-term investments, then this is the best time to buy. The reason: growth. Emerging markets will continue their high growth rate and investors should try to capture that growth, says Mark Mobius.
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| December 04, 2008 | | 'Fraud repository will help banks'
From 13 members and database on four million trades in 2004, when Credit Information Bureau of India (Cibil) was set up, the country's first credit information company now has 162 members and database on 127 million companies and individuals.
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| December 02, 2008 | | How Vedanta plans to cut costs
London-listed Vedanta Resources has cut its capital expenditure by $5 billion to counter the sharp fall in prices of non-ferrous metals.
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| November 27, 2008 | | IT can fight rising costs: Ramadorai
Cost cutting has always been on our agenda be it on power, travel or communication, says S Ramadorai, the chief executive officer, TCS.
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| November 24, 2008 | | 'India has to work on its patent laws'
Paul Herrling, global head of Novartis' corporate research, spoke to Business Standard about the changing concepts in R&D and Novartis' strategy.
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| November 20, 2008 | | 'Price cut decision only next year'
Reliance Capital AMC gets nod to operate in Malaysia
'Investing for the short-term does not make financial sense'
'There is a long-term bull market that commodities will witness. This can take 2-3 years to start. There have been some large moves in foreign exchange. We have seen the pound depreciate by 25 per cent against dollar. We have seen the yen appreciate against the dollar. When the markets start stabilising, these trends will reverse. This will give good trading opportunity. But it is not clear whether any one should do anything yet,' says Robert Morrice, MD, Barclays Wealth.
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| November 19, 2008 | | 'Someone who wants a Chevrolet won't buy a Nano'
"We probably could have sold another 20-30 per cent if there was an easy availability of vehicle finance. People continue to be interested in buying cars, but the sheer lack of finance is a concern.The buyer has to decide what his money can get him. I don't feel threatened that a customer of Chevrolet is going to buy the Nano instead," says Karl Slym, president and MD, General Motors India.
'India is likely to recover in 4-6 quarters'
Asia will avoid a full-blown financial crisis. Banks are reasonably well capitalised in India and other Asian countries. Non-performing assets are less than 5 per cent in Asia excluding Japan, says Rajat M Nag, Managing Director-General, ADB.
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| November 17, 2008 | | How Subhiksha is coping with the crisis
There is pain in the business when you expand and bank credit is difficult to come by. Everybody has to readjust the pace and speed with which they are growing, says R Subramanian.
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| November 10, 2008 | | 'Growth will not be below 8% in worst-case scenario'
While most estimates of India's GDP growth this year are in the 7-7.5 per cent range, CMIE expects the economy to trot along at 8.7 per cent. Even in a worst-case scenario, the growth is unlikely to dip below 8 per cent, Mahesh Vyas, CMIE's managing director and CEO, tells Vandana Gombar.
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| November 07, 2008 | | 'There's no need for irrational pessimism'
'We're still going to see 7 per cent GDP growth. Sales for companies may not grow at 30 per cent, but they will grow at 15-20 per cent. Profits may not go up by 20 per cent, but even if they grow 10 per cent or are flat, it will be a good performance. We've had four very good years and you cannot expect that kind of growth year after year. We will still be the second-fastest growing economy in the world,' says Deepak Parekh, chairman, HDFC.
'This is worse than the dotcom crisis'
Nobel Laureate Joseph E Stiglitz had predicted the global financial crisis and talked about its impact on emerging economies like India and China three years ago. In an interview with Business Standard at his Manhattan residence, Stiglitz says the crisis will last a couple of years.
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| November 05, 2008 | | 'Our exposure to the market is minimal'
"The general insurance penetration accounts for just 0.6 per cent of the country's GDP. There is clear potential for robust growth and we intend to leverage this opportunity. We have the financial capital, technology, distribution and brand to do this," says Vishakha Mulye, executive director, ICICI Lombard -- the largest private-sector general insurance company in India.
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| October 31, 2008 | | Meet India's biggest fund manager
Thomas Mathew T says the public sector company bought 25 per cent more in the stock markets during the second quarter as valuations were attractive.
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| October 29, 2008 | | 'There is a lot of liquidity pressure'
ICICI Bank had a tough second quarter, with its consolidated net profit down by over 27 per cent to Rs 651 crore. After the results, the bank's Joint Managing Director and CFO Chanda Kochhar said, "The core operating profit is higher, the fee income has increased, the operating expenditure is under control and the specific provision for NPAs is Rs 10 crore lower. We are watching the global environment and it will take some time to recover."
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| October 15, 2008 | | 'ICICI Prudential to list in 3 years'
Our partnership with ICICI Bank continues to remain strong. We have an exceptional relationship with them, says group CEO of Prudential.
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| October 07, 2008 | | 'Very few Indians do world-class research in India'
Romesh Wadhwani, founder of the Symphony Technology Group and the Wadhwani Foundation, which promotes the National Entrepreneurship Network, says our best scientists and researchers do not do their research in India because of the many obstacles they face; from the lack of focus on research to lack of equipment and supplies.
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| October 06, 2008 | | 'Singur... has dented investor confidence'
'Investors abroad will think if a big company in India faces such hurdles, what will happen to us. But this is an isolated case. I was in West Bengal a month back and there is a whole series of investments lined up. But investors waiting in the sidelines with their plans to come to India may have second thoughts because of this incident,' says Commerce Secretary Gopal Krishna Pillai.
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| September 30, 2008 | | 'People must want to continuously develop'
The programme in India takes in 25-odd executives who have already worked for a few years. Upon passing out, they are expected to be future 'growth' leaders at GE, which earns about $2.6 billion (Rs 12,135 crore) in India a year and employs over 14,500 people across the country.
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| September 29, 2008 | | We are targeting 10,000Mw in 5 years: GVK CFO
GVKPIL Chief Financial Officer A Isaac George says that the company has targeted to increasing its power generation capacity to 10,000 Mw in five years. It also has big hopes in oil and gas exploration and in nuclear power generation.
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| September 25, 2008 | | 'This is a good time for building businesses'
"When we are building businesses with a long-term view, we are less concerned about short-term impacts. The basic growth in India, the high savings rate and low penetration of financial products suggest there is a huge yet-to-be-tapped opportunity. We believe this is a good time to be building businesses to tap that potential," says Ajay Srinivasan, CEO, Aditya Birla Group's Financial Services.
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| September 24, 2008 | | 'There is no way domestic coke production will go up'
"We do not have it anywhere else other than the Jharia coal fields in Jharkhand. The quality is also not very good for steel-making. So the Indian steel industry will continue to depend on imported coal," says Arun Kumar Jagatramka, MD, Gujarat NRE Coke.
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| September 23, 2008 | | 'Indian B-school students can beat MIT-ians'
In an exclusive interview to rediff.com, Prof. Balachandran spoke about his association with MDI, Gurgaon, Indian School of Business and his plans as the dean of the Great Lakes Institute of Management.
'I do not see AIG selling stake in India'
An interview with Insurance Regulatory and Development Authority (Irda) Chairman J Hari Narayan. He is charting the road map for strengthening the regulatory framework and also dealing with the turmoil in the US.
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| September 17, 2008 | | 'We wish to provide water as an esoteric experience'
'Our vision is to create next generation beverages with water placed on the wellness platform. The Himalayan brand is our first step in this direction and will be available across the country in the next 6-9 months,' says Pradeep Poddar, managing director and CEO, Mount Everest.
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| September 12, 2008 | | 'Ranbaxy will always be run independently'
"It will be the team I choose to have with the approval of the board. It is really our call on how to run the business. Certainly, the growth will be higher and so will be the size and scale of the investments. You will see a lot more aggression in terms of leveraging opportunities for the next few years," says Ranbaxy CEO Malvinder Mohan Singh.
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| September 11, 2008 | | 'Opening up banking will offer new opportunities'
"Opening up will give us new opportunities such as greater freedom to open branches. On the inorganic side, there could be opportunities to take larger stakes in banks or to take management control. If anything of that happens, we will be interested," says Standard Chartered's regional chief executive for India and South Asia Neeraj Swaroop.
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| September 08, 2008 | | 'Foreign clients want Indian buyers'
It has been nearly four months since Sidharth Punshi, 34, former executive director at Goldman Sachs, joined Jefferies International, a global investment bank and institutional securities firm, as the managing director and country head for India. In a recent interview, Punshi told Business Standard that despite the tight liquidity scenario and a challenging global situation, Indian companies continue to chase merger and acquisition deals abroad.
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