Business Today

Cover story | Sep 2, 2012

How corrupt recruiters are cheating jobseekers

How corrupt recruiters are cheating jobseekers

Business Today investigation reveals there are many worms crawling out of the information technology industry's recruitment can that has been prised open by one scandal after another. To address the malaise, placement officers will need to do more along with structural changes.

Money

Why your policy premium is important

Medical treatment costs have been rising steeply. Ensure your insurance cover is large enough to cover all contingencies.

Editor's Note

From The Editor: Sep 2, 2012

Indeed, Cicero would exclaim o tempora o mores if he read our painstaking investigation of deceit and corruption in the 'placement' race that hundreds of thousands of freshlyminted college graduates find themselves in.

Book

Review: 'The New Emerging Market Multinationals'

'The New Emerging Market Multinationals' analyses 39 cases of multinational corporations coming out of emerging markets.

People

People business

People who made news in the last fortnight; featuring Deccan Chronicle's T. Venkattram Reddy, Dentsu Network's Tim Andree, Go Daddy India's Rajiv Sodhi and more.

Leadership Spotlight

Leaderspeak: Parag Saxena

New Silk Route Partners CEO Parag Saxena talks about his leadership style to Business Today.

Features

DIAL still seeks airport development fees hike

DIAL says the 346 per cent increase allowed earlier translates into a return on equity of 16 per cent, far lower than the 24 per cent it needs to be profitable. So far, the company has been incurring huge losses.

Myopic policies have dealt a body blow to SEZs

Not all is well with the country's special economic zones. More than a quarter of the country's exports still come from them, but SEZs are grappling with a sharp slowdown in growth.

Was Janardhana Reddy ever serious about his steel biz?

Disgraced mining baron Gali Janardhana Reddy also dabbled in making steel. Steel industry experts lament that critical projects fall by the wayside because governments tend to patronise non-serious players like Reddy at the cost of companies with proven track records.

With Anil Ambani as an investor, DTDC takes wing

Global expansion is high on DTDC's agenda. The courier-turned-logistics company has earmarked $30 million on its balance sheet for the Australia and Pakistan joint ventures, the Yangon centre, and future acquisitions.

Satyamev Jayate wins over advertisers despite ratings

STAR is said to have pre-sold around 80 per cent of the show's ad spots even before it went on air. It earned sponsorship revenues of around Rs 5.3 crore per episode.

Discerning buyers drive up sales of premium paints

Premium products account for a fifth of the country's Rs 13,200 crore organised decorative paints market - one which has been expanding at about 28 to 30 per cent annually for the last four years.

Casual, fine-dining restaurant chains on a roll

With more Indians patronising restaurants, dining chains have them eating out of their hands. With all the big players gung-ho on expansion, fine and casual dining is expected to touch Rs 10,000 crore by 2015.

Adapting to Conquer

International luxury restaurant chains are changing their menus to suit local tastes.

Food programmes spawn a cooking cult in India

Cooking shows are inspiring couch potatoes to enter the kitchen - and not just to fetch a snack but to actually cook.

Valuations of infra companies take a hit

Policy uncertainties, project delays and high cost of funds have taken a severe toll on the valuations of Indian infrastructure companies.

TV ratings system comes under more scrutiny

NDTV's lawsuit against TAM Media Research's New York-based parent companies Nielsen and Kantar Media Research has put the spotlight on TV audience measurement system.

Diesel car demand up: Are automakers ready?

India's auto market has changed rapidly in the last two years, with the share of petrol cars in total sales falling to 50 to 60 per cent from 85 per cent.

How mobile games are being monetised

Mobile gaming is set to become a big market in India. Gaming app developers are trying out novel ways to make money from their products. Some pack in ads, while others shun them but charge users to download games.

Letters

Readers' forum

The cover story (Deconstructing HCC, August 19) brings into focus the difficulties in investing and developing infrastructure projects, especially in a country like India.

Best of the lot

BT receives many responses to its case studies. Below is the best one on Haagen-Dazs (June 10, 2012)

Technology

Point-and-shoot cameras: Compact Yet Complex

Point-and-shoot cameras nowadays come overloaded with redundant features.

Careers

Is a part-time MBA worth the time and cost?

The utility of part-time MBA courses is debatable, unless they are company sponsored.

Focus

All you need to know about Olympian economics

It impacts many aspects of the host city's economy, and performance at the Games can be correlated to a participating nation's economic development, says Goldman Sachs' "The Olympics and Economics 2012" report.

Will FM do a course correction for the economy?

Chidambaram, according to both bureaucrats and independent tax experts, agrees with the changes initiated by PM Manmohan Singh. Thus he is likely to focus on ushering in a mindset change on the proposed legislation within the government rather than a significant overhaul.

Why inflation pain will not go away soon

Even if RBI and the government do work together effectively to reduce inflation, the pain won't go away for another six months. The current economy makes it harder for the government to act aggressively and RBI has made it clear that it cannot fight inflation alone.

How India can prevent another power grid collapse

If India is not to repeat the paralysing grid collapse that occurred on the last two days of July, every single link in the chain that is India's power system will need reform.

Recovery still fragile in aviation sector

Two of the country's three listed airlines - Jet Airways and SpiceJet - have reported a profit for the quarter ended June 30. There has been some excitement in the industry because of this, but there is still reason for caution.

Review: Nokia City Lens and LG 55LM8600

Nokia City Lens city guide app that works even in india and a  LG 55LM8600 'frameless' 3D smart TV.

On Record/Base price for 2G auction

There is no business case (for auctioning spectrum) even at Rs  1,650 crore (per MHz). Idea has been losing Rs 170 crore per quarter in new circles. So, there is definitely no business case at Rs  14,000 crore (for 5 MHz), Himanshu Kapania, Idea Cellular MD, in Business Standard

How different things work

The latest landing of an unmanned space vehicle on the planet Mars on August 6 was a giant step forward in space exploration. Here is why:

Chiaroscuro

Roundup: Events of the fortnight

The 165.54 km long six lane concrete Expressway from Delhi's satellite town of Greater Noida to Agra was inaugurated by Uttar Pradesh Chief Minister Akhilesh Yadav on August 9.

Smart executive

How to influence beyond authority

The ability to influence those over whom a manager has no direct authority is a vital cog that keeps corporate wheels moving towards goal achievement.

LBS Case Study

How Havaianas transformed into a premium brand

Until the early 1990s, Brazil's Havaianas slippers were perceived as a poor man's product. In appearance, these slippers, made by Sao Paulo Alpargatas, are very similar to India's ubiquitous 'Hawai chappals'. A sharp drop in sales in 1993 forced the company to revamp the brand's image. Today, while it is still a product for the masses, Havaianas has come to be perceived as a premium brand as well.

MAGAZINE ISSUES