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Cover story | February 15, 2015

PSBs need to raise Rs 4.6 lakh cr to stay in business

PSBs need to raise Rs 4.6 lakh cr to stay in business

And they have just four years to do so. The list includes State Bank of India, Punjab National Bank and Canara Bank.

February 15, 2015

Editor's Note

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From the Editor: February 15, 2015

Business Today Editor Prosenjit Datta introduces the magazine's February 15, 2015 issue.

People

People that made news this fortnight

Events and people that made news recenly

Features

Calendar

Upcoming events in February 2015

Vishal Gondal banks on fitness service in GoQii

GOQii is not just a fitness devices company. It also provides services. The company claims to be the only one in the business to combine service with the device.

Open Garden's FireChat app can be a mobile megaphone

Open Garden's FireChat app can be a mobile megaphone in a low connectivity place.

Abbott has high stakes in localising its Indian arm

US health-care giant Abbott has high stakes in localising its Indian arm. The challenge for rivals in branded generics is real.

Gadgets that help you get some sleep

A good night's sleep is a must but, often, hectic routines play spoilsport. Here are a few devices that can help you get some.

6 areas govt must focus on in Budget 2015-16

Recent utterances from both PM and the finance minister have made it clear that the upcoming budget will be a marked departure from the business-as-usual version of July 2014.

8 questions gutsy leaders can ask about their organisations

In the absence of candid feedback, it is convenient to assume that reality is similar to our preconceived ideas. But, ignorance and denial can be costly.

'We focus to evolve our co into investor-centric one'

Nimesh Shah , MD & CEO, ICICI Prudential AMC, speaks to Mahesh Nayak about the importance of value investing and his company's performance, among other things. Edited excerpts-

Jaypee CEO faces uphill task to cut debt

The trouble is that debt has kept pace with growth. The combined debt of the group's three listed companies - Jaiprakash Associates, Jaiprakash Power Ventures, and Jaypee Infratech - crossed Rs 57,000 crore in 2013/14.

Global hospitality chains get a foothold in India

For the foreign hospitality chains looking for easy pickings in a supply-starved nation, India has proved to be an unexpectedly complex market to crack.

Foreign funds have dominated deals in Indian e-commerce

Foreign funds have dominated the biggest deals in the Indian e-commerce sector.

Book review: Salt of the Earth

From salt to soda ash to fertilisers, the story of Tata Chemicals' evolution.

Book review: Start-up City

The authors capture the lives of 10 entrepreneurs who dared to dream and the lessons to be learnt beyond the MBA courseware.

Tata Advanced Systems has left a global imprint

With an investment of over Rs 500 crore so far and much more promised, TASL, apart from bagging a number of prestigious contracts, has also separately set up joint ventures with global aerospace majors Sikorsky Aircraft Corporation and Lockheed Martin.

Letters

Letters to the Editor

Business Today readers give feedback on magazine's coverage of the February 1, 2015 issue.

Corporate

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Micromax eyes stronger foothold with YU Televentures

Although YU is celebrating the success of its first online flash sale, the launch raises multiple questions that the company hasn't been able to convincingly answer.

Technology

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BlackBerry Classic blends the old with the new

Fans of the Bold 9900 swear by its design, keyboard and trackpad. The all-new Classic is designed along the same lines.

Focus

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Stage set for further rate cuts by RBI in 2015

The Reserve Bank of India's focus shifts from managing inflation to boosting economic growth, making a case for further rate cuts in 2015.

Unified licensing policy in the offing: Oil Minister

Oil minister Dharmendra Pradhan speaks to Anilesh S Mahajan on the govt efforts to curb leakages and ensure country's energy needs are secured.

Rajan ventures where other chiefs fear to tread

The RBI Governor was lionised overseas before being recognised in India. But many in India still think he is better for Wall Street than Dalal Street.

On Record

'The benefits of getting women connected [to the Internet] outweigh the benefits of getting men connected', says Sheryl Sandberg, chief operating officer, Facebook.

Ordinances fail to enthuse India Inc, Acts awaited

Under attack for issuing 10 ordinances since coming to power in May, 2014, the Modi govt has gone into a huddle to find a solution to the parliamentary deadlock.

India unlikely to catch up with China soon

Even if India grows at a faster clip, catching up with the Chinese economy will take a very long time, given the sheer differences in the size of the two economies.

Chiaroscuro

Upfront

People and events that were in news recently

LBS Case Study

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Tesco virtually created a new market based on a country's lifestyle

South Koreans have amongst the longest working hours in the world. UK's giant retailer sought to turn this to its benefit.

BT More

A look at the very best in entertainment in February

BT More brings you the very best in entertainment in February, from movie releases to books and music.

When car meets phone

Say hello to the 'Vertu for Bentley' mobile phone, which will ensure that you wield as much power in your palm as you do on the roads.

World's 5 best golfing grasslands

When it comes to golf, nobody knows better than South African heavy putter Gary Player. The acclaimed professional golfer lists out his favourite greens across the globe.

Coming full cirquel

Chef Diego Martinelli's signature dinner spans a culinary journey from Modena to Singapore. Head to Le Cirque at The Leela Palace New Delhi for a sample.

Top shop: Must haves in fashion and lifestyle

BT More brings you the must haves in fashion and lifestyle, from clothes to accessories to luxury liquor.

The return of the chief

The Indian Chief Vintage is a gentle giant. Ride through history as it repeats itself.

Wheels of royalty

There's more to Rajasthan than camels and sand. Rahul Ghosh scours the cultural heartland of India for automobiles that can be traced back to the very annals of history.

Hot wheels turn hotter with new Audi RS Q3

Want a sports utility vehicle that doesn't scrimp on horsepower? The RS Q3, a souped-up version of the Audi Q3, may just fit your bill.

Frequent flier

BT More brings you tips for frequent fliers and the latest news in travel.

Five simple tips to beat hangover

Saher Motiwala sifts fact from fiction to help you sort the after-party effect.

Tips to grill the perfect cut of meat

Barbeque Nation head chef Vijay Anand Bakshi lifts the lid on grilling the perfect cut of meat.

Deodorise yourself

Duck in for a quick shower and douse yourself in fragrances that would put a bouquet of flowers to shame.

Four luxury car accessories

BT More brings you the best luxury accessories for your car.

'I am happiest behind the wheel'

Eliana Koulas, vice president of Bentley India, on her love for cars, fashion and the city she has adopted.

Dusit Devarana's Iah Bar is a treat for all the senses

The Dusit Devarana resort reverberates with a zen-like ambience that sweeps over your senses. Past the spa, the red-toned facade of Iah Bar rises like an apparition.

Enjoy delicious Lebanese food at Zizo restaurant

Zizo is recommended for the exceptional service, hearty flavours and a value for money experience.

With new menu, The Hungry Monkey is likely to draw in crowds

With a comfortable ambience, drinks that rock and music that is at the right pitch, The Hungry Monkey is grooming itself as the ideal neighbourhood bar and restaurant.

Dishes at B-Bar are fantastic and authentic

The restaurant serves some fantastic versions of both  sushi and sashimi. The sushi is well-crafted and fresh and compares with some of the better ones in the city.

The Big Bang Theory

Bang and Olufsen, the world's foremost luxury electronics brand, sets shop at Delhi's DLF Emporio.