Cover story | March 18, 2012
Reliance Industries has come up against a tough taskmaster in Petroleum Minister S. Jaipal Reddy. Several big-ticket proposals of the company are stuck at the petroleum ministry,
something that people who follow the company and the ministry say is unprecedented.
Budget 2012: Chances of tax breaks are slim
Fiscal compulsions might prevent Pranab Mukherjee from granting significant tax concessions. So, the chances of any tax breaks in the Budget are slim, concluded a Business Today panel that discussed Finance Minister's options.
Seek effective solutions
People have been speculating whether the revenue
department will respond by including provisions in Budget 2012 to stem
the tide of perceived loss of tax revenues in broadly similar cases.
Countdown to budget day
Preparing the annual Union Budget is a laborious and lengthy exercise
that takes over five months, and is accompanied, in the fi nal stages,
by an obsessive emphasis on secrecy
From the Editor: Mar 18, 2012
Large chunks of our 'mind space' are taken up by big events, and the government's annual Budget is truly like an assault on Everest - lots of base camps, sherpas carrying in demands and requests from the praja to the raja.
Indian IT firms hiring more Americans
There are around 25,000 US nationals and Green Card holders working for Indian IT companies. Indian firms may have to hire about 10,000 Americans every year to avoid losing out on lucrative business opportunities in the US.
Bihar: Distant Dreams
All the major indicators for Bihar are up, but the state is still at the bottom of key development indices.
The battle against corporate fraud
In its first India Fraud Survey, Ernst & Young finds that companies
are keen to detect corruption, but do not always act when they find it.
Fortune in the woods
Mendha Lekha, the first village to be granted community forest rights, has used the opportunity to the fullest.
Waiting in the wings
Maintenance, repair and overhaul (MRO) of aircraft is a Rs 3,000-crore industry in India. Can Air India's MRO facility in Mumbai, the only one in the country where heavy maintenance tests for civil aircraft are carried out, be leveraged to rescue the beleaguered carrier?
Poor governance, corruption ail UP
Resentment is rife among the Uttar Pradesh voters over the mismanagement
of government schemes and widespread corruption in the last five years.
Lessons for Ford, from India
The Indian arm is fast changing the way Ford functions. The Corporate Blue Book of Ford Motor Company is full of innovations from India which other regions are replicating.
When 'negative' is a positive step
With the introduction of the Goods and Services Tax (GST) delayed due to
a political deadlock, it is likely that the Centre will bring about
some significant changes in indirect taxes in the forthcoming Union
AT variants to rule Indian roads
Automatics outnumber manual variants overseas. With
increasing numbers of Indians having travelled abroad and driven them,
small cars with automatic transmission are bound to get more popular despite their higher cost.
Hotel chains turn to small towns for recruits
While there are some 1,20,000 hotel rooms in the country at present, supply is struggling to keep pace. The country's hotel management schools graduate just over 10,000 students a year.
Roundup: Events of the fortnight
Kingfisher Airlines is battling on many fronts - huge debt, cancellations, and mounting weariness from the government and public.
India's fight for affordable lifesaving drugs continues
Home to the highest concentration of makers of generic drugs, India has been a global source of cheap medicines. But seven years into the product patent regime, affordable access to some lifesaving drugs remains an issue.
Ajay Piramal is getting serious about diversifying his business
interests. Piramal Healthcare has agreed to acquire an additional 5.5
per cent stake in Vodafone India from ETHL Communications Holdings
(Essar) for approximately Rs 3,007 crore ($606.2 million).
How differnet things work
The 'sticky bomb' used in an attack in New Delhi on an Israeli
diplomat's car on February 14, setting the vehicle aflame and injuring
its occupants, was the first such used in India.
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