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February 27, 2009 | | Crisis: An opportunity for companies Two weeks after one of the worst financial downturn in the US, the husband and wife team walked in with a business plan and now the company is Cisco, says Mohit Bhatnagar.
FIR an attempt to tarnish image: Educomp With an FIR filed against it and its stock taking a beating amidst allegations that its account books were manipulated by its promoters, Educomp seems to be in trouble. Managing Director Shantanu Prakash explains the company's stand.
We have to make respect respectable: Murthy N R Narayana Murthy, chairman and chief mentor of Infosys Technologies, is considered to have set new benchmarks in corporate governance through the firm he founded. Last fortnight, he was chosen to head Nasscom's sub-committee on corporate governance.
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February 25, 2009 | | 'India's fiscal consolidation gains wiped out' After revising the sovereign outlook for India from stable to negative, Standard & Poor's Director for Sovereign and International Public Finance ratings Takahira Ogawa says the fiscal position holds the key to future course of action.
'Coming up with ideas is not enough' Pierre Nanterme, group chief executive of management consultant and transaction-services-provider Accenture, which reported a 6 per cent rise in net revenues to $6 billion in the first quarter of FY09, acknowledges that the environment is tough and clients have become more demanding.
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February 24, 2009 | | Higher fee will help us break even: IIM-C The Rs 400,000-increase, applicable from this session, comes a year after the increase in fee by other IIMs. IIM-C is also increasing its need-based scholarship fund and stipend for research scholars.
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February 23, 2009 | | SpiceJet CEO on fare wars Some maturity needs to come to the rationalisation of the fares for the sector to succeed.
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February 19, 2009 | | 'The slowdown is actually an opportunity for retailers' Nike is not worried about the economic slowdown. 'Our consumers are not price conscious, they look for quality products and hence price plays a lesser role. As such, the slowdown in the economy is actually an opportunity for retailers as there is a correction in rentals This augurs well for our business and it will be reflected in our increased ad spends,' says Tarun Puri, MD and GM, Nike India.
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February 11, 2009 | | 'Satyam Q3 results will take quite some time' While some industry observers said it's good for the company, others dismissed him as an interim arrangement before the government-appointed board finally sells out the company. In an email interview to Business Standard, A S Murty details his course of action.
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February 10, 2009 | | 'India lacks the experience to handle downturns' As a result, they are still groping for answers. Should they downsize? But won't they be left without hands if the economy recovers in a couple of quarters? Should they focus on market share or cash management? How can shareholders' wealth be salvaged?
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February 05, 2009 | | 'The days of unlimited capital are over' 'Now, the theme is going to be preservation of margins. We will focus on non-capital guzzling revenue streams, and every bank will think on the same lines,' says Romesh Sobti, MD & CEO, IndusInd Bank.
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February 02, 2009 | | Standard Life chief speaks on global slowdown UK-based Standard Life, the joint venture partner in HDFC Standard Life Insurance and HDFC Asset Management Company, is entering the Indian private equity space. Gerry Grimstone, chairman of the British insurance major, speaks to Business Standard's Shilpy Sinha on the impact of the economic slowdown and the company's investment plans.
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January 31, 2009 | | Subhiksha has run out of cash Subhiksha Trading, the 11-year-old retail chain which once prided itself on providing value to the shopper, has run out of cash. R Subramanian, 43, managing director of Subhiksha Trading, speaks to Business Standard on the 'pain and continuous struggle' to run even the retail chain's daily operations. Subramanian, however, maintains he is committed to the business and is not ready to walk away.
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January 22, 2009 | | 'The gloom and doom scenario is overdone in India' "The GDP growth projections are 5 per cent for this year and 5.5-7 per cent next year, which are very good in the current context. So we are doing relatively well," says HDFC Bank's Managing Director Aditya Puri.
LSE equity mart chief's India plans Martin Graham, head of equity markets, LSE, tells Business Standard's Rajesh Bhayani that the disclosure norms in the Alternative Investment Market are as stringent as those followed by LSE.
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January 19, 2009 | | 'Laws are here but implementation is weak' Corruption is an endemic part of the system, so why should Satyam be subject to higher ethical standards by auditors, bankers, etc. than some other company?
'Scams can never be fully stopped' "There will always be brilliant fraudsters who will find newer ways. The need is for utmost vigilance, diligence and honesty on the part of those who are entrusted with the job of regulation and auditing."
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January 15, 2009 | | 'There are opportunities in N-power, healthcare' GE India managed revenues of $2.6 billion (about Rs 130 billion) in 2007 and is hopeful of meeting its target of $8 billion (about Rs 400 billion) by 2010. Key projects in the transportation and nuclear power sector are expected to help it reach that target, says Vice-Chairman John G Rice.
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January 14, 2009 | | Clients to ask for more transparency: Infy It is really unfortunate that this happened during a downturn. We think that in the short term, customers will ask for higher comfort level, which will enable us to go in for more trust-building, says S (Kris) Gopalakrishnan.
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January 08, 2009 | | 'Home finance firms should cut rates' Through NHB, the government has made available additional funds to the tune of Rs 60 billion to the housing finance sector. The bank is clearing oversees borrowing applications from housing finance firms to boost their funding requirements. NHB chairman and managing director S Sridhar shares his views on the current scenario.
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