Master of his Game
It’s hard to be a couch potato in India because (a) most homes have stiff, unyielding sofas; (b) it’s not easy to set yourself up…
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Interview of Kumar Mangalam Birla
Few of us know that KUMAR MANGALAM BIRLA, Chairman of the Aditya Birla Group, produced the critically acclaimed Hindi movie Black. Or that he has…
INTERVIEW-PROF. C.N. VAKIL
The Government Is Helping Create A Privileged Class!’ Professor C.N. Vakil, eminent economist, formerly Director, School of Economics and Sociology, University of Bombay, and Director,…
Frozen in the Headlights
Poor Manmohan Singh is caught between the Pros and the Cons. The Pros in the Opposition are telling the prime minister, who has never seemed…
MANILA OUTLINES 1988 BORROWING, BUDGET PLANS
7 January 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Jan 7 – The Philippine government will issue treasury bills and notes totalling 29.8…
U.S. IN QUANDARY OVER MANILA SUGAR RE-EXPORT PLAN
8 February 1988 Reuters News English (c) 1988 Reuters Limited MANILA, Feb 8 – U.S. Agriculture Secretary Richard Lyng is in a quandary over a…
PHILIPPINES’ 1989 BUDGET SET AT 190 BILLION PESOS
8 March 1988 Reuters News English (c) 1988 Reuters Limited MANILA, March 8, Reuter – The Philippines will have a 1989 deficit of 28.5 billion…
Interview- India’s Sinha wants to go for growth
2 June 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, June 2 (Reuters) – India’s Finance Minister Yashwant Sinha put up a spirited…
Interview- India targets not just “hope and prayer”
3 June 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, June 3 (Reuters) – India’s fiscal targets for the current year are not…
INDIA LIBERALISING AT OWN PACE, MINISTER SAYS
1 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 1, Reuter – India is loosening controls on industry, investment and imports but…
DESPITE FEUD, SAN MIGUEL RIDES HIGH ON BEER BOOM
9 May 1988 Reuters News English (c) 1988 Reuters Limited MANILA, May 9, Reuter – Thirsty Filipinos drank nearly a billion liters of San Miguel…
Interview- Mercedes-Benz bullish on India Market
1 December 1998 Reuters News English (c) 1998 Reuters Limited NEW DELHI, Dec 1 (Reuters) – Mercedes-Benz India Ltd is bullish about the Indian car…
PHILIPPINES WELCOMES U.S. SUGAR QUOTA INCREASE
26 July 1988 Reuters News English (c) 1988 Reuters Limited MANILA, July 26, Reuter – The Philippines welcomes a decision by the U.S. Department of…
INTERVIEW-Philips India not slim enough, says MD
29 June 1999 Reuters News English (c) 1999 Reuters Limited NEW DELHI, June 29 (Reuters) – Consumer electronics firm Philips India Ltd has shed nearly…
INTERVIEW-India’s Tata bets on global market for growth.
9 December 2003 Reuters News English (c) 2003 Reuters Limited BOMBAY, Dec 9 (Reuters) – India’s largest truck and bus maker Tata, riding a dramatic…
INTERVIEW-Hindalco eyes expansion, acquisitions for growth.
9 December 2003 Reuters News English (c) 2003 Reuters Limited BOMBAY, Dec 9 (Reuters) – Hindalco Industries, a leading Indian maker of non-ferrous metals, aims…
INTERVIEW-India hopes to cut oil imports with new discoveries.
11 December 2003 Reuters News English (c) 2003 Reuters Limited NEW DELHI, Dec 11 (Reuters) – India hopes to reduce its dependence on imported…
Keep Your Expectations Low
In a spirited panel discussion moderated by Business Today editor Chaitanya Kalbag, Yashwant Sinha, MP and former finance minister, M. Damodaran, former SEBI chairman, Satya…
What the Government Needs to Do Now
Despite the crisis, a clear message must be sent to the investor community that India is open for business. There was an initial spurt of…
READING THE BAR CODES
“UPON MY WORD: India’s prisons are stuck in a time warp” STRANGE HOW time’s machine travels back and forth at warp speed. Two hundred and…
India’s Infosys set to launch ADRs
3 December 1997 22:32 Reuters News English (c) 1997 Reuters Limited NEW DELHI, Dec 3 (Reuters) – Software firm Infosys Technologies Ltd is poised to…
Superhero Dreams
Song sung blue Everybody knows one Song sung blue Every garden grows one If you are of a certain vintage, you will have been moved…
New Business Families
The day this issue of Business Today went to press, IBM Corporation completed one hundred years. What started as the Computing- Tabulating-Recording Company, manufacturing computing scales,…
Shine On, You Crazy Diamonds
I remember back in the 1970s, when a new India was just over a quarter of a century old, Geoffrey Moorhouse, in his foreword to…
MANILA UNLOADS SUGAR STOCKS TO CURB PRICE RISE
17 July 1987 Reuters News English (c) 1987 Reuters Limited MANILA, July 17 – The Philippines” Sugar Regulatory Administration (SRA) has ordered all its reserve…
CIVILIANS CHEER AS FIGHTING RAGES AT MANILA MILITARY CAMP
28 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 28, Reuter – Buildings blazed and streets shook in Manila today in the…
BUSINESS SEES COUP ATTEMPT AS WARNING TO AQUINO
31 August 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Aug 31 – Manila’s stock markets held steady in the first session after Friday’s…
MANILA SHAKE-UP WILL RESTORE INVESTOR CONFIDENCE MINISTER
18 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 18, Reuter – President Corazon Aquino’s shake-up of top posts in her government…
DEBT REPAYMENT CEILING SEEN HURTING PHILIPPINES
24 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 24 – Any ceiling on debt repayments imposed by the Philippines would cut…
PHILIPPINES POISED FOR RISKY DEBT SHOWDOWN
28 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 28 – The Philippines is poised for a risky showdown with its…
PHILIPPINE DEBT ACCORD HANGS IN BALANCE
25 September 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Sept 25 – The Philippines’ recent debt restructuring hangs in the balance after a…
The Best Companies to Work for
At Business Today we write about companies all the time. Often, it is a top-down view. We meet the Chief Executive Officer, the senior members…
Not Measuring Up
Exactly two years ago we ran a cover story on India’s skills crisis. This was just after Subramanian Ramadorai was named Adviser to the Prime…
Turning Turtle
In 1908, when Henry Ford began making his revolutionary Model Ts on an assembly line in Detroit, there were 241 carmakers in the United States.…
PHILIPPINE PESO FALLS TO RECORD LOW
8 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 8 – The Philippine peso plunged to a record low of 20.850 against…
India’s Best CFOs
Business Today’s team of reporters was putting finishing touches to the BT-YES Bank Best CFO Survey starting on page 57. The 14 men and one…
The Luxury Issue
Looking down at my bowl of gazpacho at dinner one recent night. I realised that I do not own a single moustache spoon, with guards,…
MANILA RACES TO FINALISE PIVOTAL DEBT CASE
22 October 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Oct 22 – The Philippine Central Bank and creditors of a private fertiliser firm…
Missing Murthy
Within the space of a week, I met N.R. Narayana Murthy for a long and friendly conversation at his airy venture-capital office in Bangalore’s Jayanagar…
Broken IIT
Many, many moons ago, I used to visit a cousin pursuing his B.Tech. programme at IIT Madras. The campus was beautiful; of an early Sunday…
India’s Coolest Start-Ups
The US Congress stepped back just in time from the fiscal cliff, but Indian sensibilities about the Delhi gang rape and killing fell off another cliff…
PHILIPPINES TO BORROW SUGAR FROM THAILAND TO MEET SUDDEN RISE IN DEMAND
20 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 20 – The Philippines will borrow between 30,000 and 100,000 tonnes of…
How I Did it
Companies and human beings are surprisingly similar. Over a long period of time we build an intricate geodesic dome of habits, rules. principles, emotions, likes…
PHILIPPINES EXPECTS MINIMAL U.S. SUGAR QUOTA CUT
25 November 1987 Reuters News English (c) 1987 Reuters Limited MANILA, Nov 25 – The Philippines has been warned that the United States is planning…
The Best Companies to Work For
It was a bracing week: I started and ended it with conversations with honest men whose cleanliness shone through. Both had had something to do…
Push to Start
One speaks the glory of the British queen, And one describes a charming Indian screen; A third interprets motions, looks, and eyes; At ev’ry word…
India’s Best CFOs: Tips From The Finest Financial Brains
I have a confession to make. Many moons ago, I studied to be an accountant and despite one of the world’s toughest entry barriers with…
How Samsung Moved Nokia’s Cheese
Competition is fierce and kicking in India, not least between business magazines. Which is why we love being flies on the wall as we watch…
Deconstructing HCC
The deeper we sail into the economic doldrums, the greater is the wonderment that there is so much locked-up promise in India that we cussedly…
Low On Gas
There are times when we at Business Today chafe at being a fortnightly. There is so much happening in business and the economy that we…
How TCS Toppled RIL
What a fortnight it has been. We have plumbed new depths in animus and acrimony. Not a day goes by without a shrieking melee, either…
Pain: A Triple Whammy in 2012 Flat Income, High Prices & Shrinking Wealth
Life’s but a walking shadow, a poor player That struts and frets his hour upon the stage And then is heard no more. It is…
IT’S THE ELECTION, STUPID
The economy is whirling around in a populist spiral Pranab Mukherjee is starting to look worryingly like a feckless heir squandering his generous inheritance while…
India’s Best Banks
Pity the modern banker, who is described in one of the stories in this issue as “pin-striped”. In India, of course, some of the most…
India’s Most Valuable Companies
If you look down from a helicopter at any of India’s teeming cities you will see millions of people scurrying around using every known form…
Modi Unlimited
Coasting down the six-lane highway from Ahmedabad to Gandhinagar, wheels barely touching the asphalt, it is tempting to forget that you are in the India…
Budget Deficit
I remember when I was a child eating the only canned peas available then. They were hard, bland and left a metallic taste in my…
Hindustan Unilever Is Working Up A Lather
“Chamko… kapdon ke liye behtereen sabun. Bar-bar, lagatar. Chamko. Kapdon mein chakachaundh chamak lane ke liye. Khushbudar, jhaagwala-Chamko.” Romance blooms when charming salesgirl Deepti Naval…
The haze before dawn
Do you know what a “dominant undertaking” is Suresh Krishna does. The Chairman and Managing Director of Sundram Fasteners lived every day with the provisions…
India’s Skilling Field
“Then we had to find the rule and the string again, and a new hole was made; and, about midnight, the picture would be up…
Are We Disaster Ready?
When I lived in Tokyo in the early 1990s, children at my daughter’s school could clamber into an “earthquake truck” for a foretaste of what…
The Takeover Man
Most of us are cursed with poor memory. We need episodic markers to help us measure our lives from one significant remembrance to another. Our…
The Most Powerful Women In Indian Business
Early this month I travelled to Agra to walk barefoot around the Taj Mahal, the only wonder of the world that stands in honour of…
Home Truths
And now at the end he found himself in his own house, on his own half-lot of land, his own portion of the earth. That…
India’s Best Fund Manager
Have you heard the story about Warren Buffett, the 215 millionaires, and the coin-flipping orangutans? It takes some telling and you will have to buy…
Brats at Work
H for Hitler. A for arrogant, R for rascal, I for idiot …” I’m sure many of us remember the “Hari Sadu” commercial about the…
New Age Guru peps up India story believers
“When you were five years old, you were happy nearly all the time. Somebody had to make you unhappy Now you are 30-plus and have…
TYRE PRICES – VASTLY OVER-INFLATED
Tyers are one essential commodity over which the Government seems to exert no control whatsoever. In the last six months prices have risen twice. And…
EXCISE DUTY-MORE SLAPS THAN SOPS
RANAB MUKHERJEE’s first budget, at first glance so redolent of status quo, is peppered with little booby traps. Two paragraphs in his speech have caused…
THE TIGHTENING NOOSE
On Summer nights all over north India. people put out hundreds of thousands of cots in the open air to sleep on. Most of the…
POWER PROBLEM
September 1981 to go into the question of revising the rates of forest produce. The eight-member committee, chaired by the chief secretary, consisted of the…
FIREFILES CAUGHT IN A LOGJAM
Without second-generation reforms and a drastic overhaul of its institutions, India is condemned to mediocre income and growth. As befits an ancient land, India is…
“THIS YEAR WE WILL FALL SHORT OF THE TARGET”
It is two years since you took charge. How are you tackling the skilling challenge? The scale of the problem is huge. A combination of…
Uncertainty Principle
A disgraced Ranbaxy has a long and expensive journey ahead before it regains the trust of global and Indian customers. By E. Kumar Sharma and…
Trouble Brewing
Gurdeep Singh Chadha – “Ponty” to those who nod at and fear him – is not an easy man to know. Many say the tax…
WE LOST THE PLOT
Kishore Biyani reveals why he sold a controlling stake in his flagship Pantaloons stores to the Aditya Birla Group in a candid conversation with Chaitanya…
HOW TO DO A MANAGEMENT BUYOUT AT 30,000 FEET
The next time you are flying somewhere, do not bury your nose in a book or plug in your earphones. Take a good look around.…
Interview: Osamu Suzuki
MARUTI WILL NOT END Simmering unrest among contract workers at the Manesar (Haryana) plant of Maruti Suzuki exploded in violence and arson on July 18;…
Interview: Upendra Kumar
“There are companies which are defying the law…. We have taken a series of measures” In the 20 months he has been Chairman of the…
CEO COMPANSATION
SWIMMING IN IT Until July 1991, directors at Indian companies could not be paid more than ₹15,000 a month. Commissions as a percentage of net…
“WE WERE LEADER BUT WE WERE NOT LEADING”
HUL contributes just 6.3 per cent to Unilever’s global revenues. Where does India stand among emerging markets? Manwani: Emerging markets are not just important; they…
INTERVIEW Y.C. Deveshwar
YOGESH CHANDER DEVESHWAR has been with ITC for nearly 43 years. the past 15 as chairman and chief executive. Having turned ITC into a multi-…
Most Powerful Women in Business
“In India, I See a Lot More Acceptance of Gender in the Workplace” Do you think the India-us CEO Forum you are a member of…
BHAG PIYUSH BHAG
Piyush Goyal is a chartered accountant, lawyer, former investment banker, former Bharatiya Janata Party treasurer, and a go-getter. Goyal, who likes taking leadership courses (currently…
FINGER ON THE PULES?
Two-third of indians depend on agriculture for their livelihoods. As our farm crisis deepens, the government is tinkering around the edges by pushing irrigation, rural…
Hell For Leather
Hell for leather means to run very fast, but the leather industry in and around Kanpur has nowhere to run. Hundreds of tanneries and manufacturing…