Business Today

Cover story | Dec 23, 2012

Revenue-hungry govt shattering the telecom dream

Revenue-hungry govt shattering the telecom dream

The money, as ever, is playing its role in deciding telecom regulation. Battered by capricious rules, telecom companies can only pray.

Editor's Note

From The Editor: Dec 23, 2012

Some revolutions are violent, some are quiet. India's telephone revolution has been life-transforming.

Book

Book review: A Bank for the Buck

A nugget-rich read of the journey of India's most valuable lender, HDFC Bank.

Worthy Subject, Dull Rendition

The success stories of 11 top women business leaders falls short in the telling.

People

People who made news last fornight

Starring: Michael Boneham, George Wong, Bjorn Rosengren, V.K. Mathews and Phillip Bernstein

Leadership Spotlight

Leaderspeak with R.S. Subramanian

R.S. Subramanian, Country Manager, India, DHL Express admires Ratan Tata.

Features

Apollo Hospitals turns focus to new market realities

The health-care sector is changing. Lifestyle diseases such as diabetes are on the rise, and the growing spread of health insurance has made costly health-care facilities affordable. In the face of new market realities, Apollo Hospitals is focusing on no-frills hospitals in Tier II and III cities and on specialised clinics.

Gujarat's small businesses grumbling about neglect

While Gujarat plies big firms with incentives, its small businesses are grumbling about neglect. In recent years, the state has focused on wooing large-scale industries. The Gujarat Industrial Policy of 2009 offers incentives to projects with investments above Rs 10,000 crore.

Kishore Chhabria on Indian liquor industry

The low-profile Kishore Chhabria rarely gives full length interviews. But he made an exception for Suman Layak.

Meet the man behind the largest selling whisky brand

Ask Kishore Chhabria why Officer's Choice succeeded in emerging as the largest selling whisky in the world and he mentions luck and destiny before coming to hard work.

L&T Finance Holdings dons a new look with acquisitions

Besides Fidelity, L&T Finance Holdings acquired two other companies this year. The acquisitions have helped the company expand at a fast clip. Y.M. Deosthalee, Chairman and Managing Director, L&T Finance Holdings says the company is walking the path outlined in the 2005 roadmap.

Shell eyes bigger chunk of India's energy market

Energy giant Shell has expanded cautiously in India so far. But its new India chairman, Yasmine Ghandhi Hilton, wants to make a renewed push into the upstream business.

Harnessing pine needles for rural energy needs

A small company based in Uttarakhand is now changing lives of locals with a unique project - generating power from pine needles.

How Saraswat Bank beat the odds while others floundered

On the whole, the performance of urban co-operative banks is underwhelming. But since 2001, the total business (deposits plus advances) of Saraswat Bank grew from Rs 4,600 crore to Rs 35,000 crore as on September 30, 2012, making it the country's largest urban co-operative bank.

'M&A not a direct answer to growth'

In an exclusive interview the Infosys CEO S.D. Shibulal spoke on issues ranging from the need for strategic acquisitions to his new vision, Infosys 3.0.

Online dating biz is India's new love interest

Matrimonial sites are yesterday's news - India's new love interest is online dating. A handful of entrepreneurs has realised that in the business of love, India could be where the proverbial rainbow touches the ground.

India Inc makes high stakes bet on overseas buys

Indian companies announced a series of big-ticket overseas acquisitions this year. The acquisitions come at a time when the acquirers are facing poor growth visibility in their India businesses. They may have bitten off more than they can chew.

'Ease investment options for insurers'

Standard Life is one of the world's leading savings and investment companies, with six million customers across 50 countries. It is present in India through its investments in HDFC Life and HDFC Asset Management. Gerry Grimstone, Chairman, Standard Life, spoke to Sarbajeet K. Sen on a host of issues concerning the insurance sector.

Columns

Five steps to curb corruption in India

In its 2011 Corruption Perception Index, Transparency International ranked India at 95 out of 183 countries. How can widespread corruption be curbed? Here are five suggestions.

'Section 66A of IT Act should be scrapped'

The section is absolutely draconian as it gives rulers a weapon to misuse and deprive citizens of their personal liberty, says Madabhushi Sridhar, coordinator at Center for Media Law & Public Policy, NALSAR University of Law, Hyderabad.

Letters

Reader's forum: Dec 23 2012

Your cover story Pulling Punches (December 9) has brought to light the general feeling of people about reports on various issues from weather to wealth, even in health.

Best Of The Lot

BT receives scores of responses to its case studies. Below is the best one on Philips (July 8, 2012).

Technology

Happy New Hear

Adopting new and convenient audio technologies makes for a sound idea.

Careers

Why Indian business leaders suffer a trust deficit

A global study of business leaders across countries by human resources firms Right Management and Tucker International lists the imperatives of succeeding in a global set up, and shows Indians are poor at building trust.

Case Study

The Punjab Tractors turnaround story

Not often does an acquired company give the acquirer a run for its money in the market. This case study looks at how Punjab Tractors Ltd, which was hardly in the best of shape when Mahindra & Mahindra acquired it in 2007, was turned around, and today does exactly that.

Focus

IKEA may have to tweak its business model

IKEA has announced plans to invest Rs 10,500 crore in India. The proposal is now awaiting clearance from the Cabinet Committee on Economic Affairs. In India, the company may have to alter its business model to comply with riders on its investment proposal.

India's overall share of global tourist traffic up

The rate of growth in the number of foreign tourists visiting and discovering India has wavered over the past decade. India's overall share of global tourist traffic, however, has risen substantially.

Inept policy making keeps economy in low equilibrium

The Indian economy is set for its worst performance in a decade with no quick fixes in sight. The economy is jammed - between a government struggling to tame a burgeoning fiscal deficit and a central bank jittery about elevated inflation.

Cash transfer scheme faces implementation challenges

The government aims to transfer Rs 3.2 trillion, or $58 billion, a year to beneficiaries of its subsidy schemes and welfare programmes by the direct cash transfer scheme. It is still unclear though, how the government arrived at the Rs 3.2 trillion figure.

Review: Lenovo Ideapad, Nikon Coolpix S800c

Lenovo Ideapad Z580 weighs a robust 2.6 kg. The Nikon Coolpix S800c is among the first Android cameras in India.

Stiff target

PepsiCo India will have to work hard to justify the high price it paid to sponsor the Indian Premier League tournament.

On Record/Parliament deadlock over FDI in Retail

When McDonald's and Pizza Hut came, they (the opposition) protested saying business would go... But Nathu sweets, Bikanerwala shops have flourished and expanded, Anand Sharma, Commerce and Industry Minister, to agencies

Etcetera

The recent hanging of Pakistani militant Mohammed Ajmal Amir Kasab, involved in the November 2008 Mumbai terror attacks, has revived the centuries-old debate about whether the death penalty is justified.

'For the first time, we will develop in India, then export'

Olof Persson, President of AB Volvo and Chief Executive Officer of the Volvo Group, spoke to Dearton Thomas Hector about the Swedish company's India and global strategy during his recent visit to India.

Chiaroscuro

News you may have missed last fortnight

With Christmas and New Year approaching, air fares and hotel tariffs for favoured destinations such as Goa are going through the roof.

Smart executive

Tips for managers who find it hard to be assertive

There are plenty of managers who have trouble asserting themselves. The ability to be firm when required to is a vital skill managers need, but many are found lacking in, say leadership coaches.

BT More

A challenge to mull over

Mulled wine is a great companion for a cold winter evening. While it's easy to get wrong, it's not hard to make it the right way either. Here's how.

New products in the market

Apple's thinnest and most sophisticated 2012 edition of iMacs come with 21.5-inch and 27-inch screen sizes, 8GB RAM, an Intel Core i5 processor, and terabytes (TB) of storage.

New releases this month

Adapting broadway for the big screen is a tricky task, and one that's been attempted countless times. From The Phantom of The Opera, to Chicago, Hairspray and Grease; there've been some hits and an equal number of misses.

Things to do this month

An electronic dance music festival held annually at Candolim Beach in Goa held from December 27 to 29. India's finest and most respected food and wine exhibition and more...

The city of Nizams

The City of Nizams, Hyderabad, has made it to Lonely Planet's Top 10 Cities for 2013.

I'm Julian Assange

In a campaign to support professional whistleblower and WikiLeaks founder, Julian Assange, the acclaimed designer has created a unisex tshirt which features her face and the words 'I'm Julian Assange' printed on it.

North Korea's Tallest Hotel

Government planners had hoped the enormous Ryugyong Hotel would symbolise a resurgent North.

Through the Google Glass

Slip on Google's radical new glasses and bring your world to life.

Restaurant review: EspressoGrill in New Delhi

EspressoGrill in New Delhi has the potential to be a superb deli but wait a while for things to settle before heading over.

Small Plates, High Style

Arola, the pica pica Spanish restaurant at the W-Opera, brings a whiff of flamenco to upscale Paris.

Give for greatness

With philanthropy, you can not only change the world, you will also change yourself.

Get the party started

Venture beyond the tried and tired and allow yourself to be wooed by the new meccas of nightlife across the globe.

Just another day at The Moulin Rouge

The glitzy, sexy French cabaret troupe descends on the Capital. BT More takes you behind the scenes, and shows how fantasy is made up of reality.

In Pursuit of Happiness

The microbrewery business is booming in India and it is changing beer, as we know it, for the better.

Man of Steel

'I wear my stardom like a t-shirt and not a tuxedo', says SRK who describes his watch collection as casual and classy. Take a cue.

A rum do

Mount Gay rum, often referred to as the 'rum that invented rum', was created in Barbados in 1703. With Christmas around the corner, the company shares its top rum dessert recipes.

In your shoes

Harkirat Singh, MD, Woodland, talks about the qualities that make a good adventure shoe.

Let's get to know Simone De Beauvoir

Author of Second Sex (1949) and Memoirs of a Dutiful Daughter (1958), the French philosopher pioneered the first wave of feminism.

Ready to cook on a lava rock?

Vinod Aggarwal of Sunshine Stoves is returning to the classic tradition of using lava rocks in stoves.

Quick tips on decision making

Dun & Bradstreet is a leading source of global business information, which helps companies take decisions with confidence. Kaushal Sampat, President and CEO, gives you quick tips on decision making.

Let there be light

Suchitra Krishnamoorthy, former actress and singer, tells you why candle light is good for you.

Food bounties from Istanbul

It's what you get when you combine a habitual hogger with the plentiful bounties of the Istanbul food scene.

Winter workout tips

Outdoor winter exercise can be fun. These tips are likely to make workouts safer and give better results

Intellectual agility

Here are a few tips to keep your mind razor sharp throughout your life.

How to avoid debilitating backaches

Here are a few tips to maintain a perfect posture. While standing, hold your head up, chin in and look straight ahead.

Checked Out

New research suggests regular medical check-ups do not necessarily help in preventing illnesses.

Time for a revolution

Fossil ties up with the American tattoo artist Mr Cartoon for a new, wackier and wickeder chapter in watch wearing.

New kind of India on the food map

In an exclusive tete-a-tete with BT More, UK-based celebrity chefs Anjum Anand and Vineet Bhatia share their culinary philosophy and the inspiration behind it.

Moving with your Mind

Your bags are packed and you're all set to move to that new city or country. But are you mentally ready for this life-changing event? Here's how you can be.