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MAY 21, 2006
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Trade With Neighbour
Bilateral trade between Pakistan and India almost doubled to cross the $1-billion mark last year. The $400-million increase in the year ending March 2006 was attributed to the launch of a South Asian Free Trade Area Agreement (SAFTA) and the opening of rail and road links. A look at the growth prospects between the two countries.


BRIC Vs The Rest
The BRIC (Brazil, Russia, India and China) nations should surpass current world leaders in the next few decades if they do not let politics prevail over economic issues. Experts caution that despite the vigorous growth, BRIC countries are vulnerable to losing direct foreign investment due to excessive government control and lack of clear rules for the private sector.
More Net Specials
Business Today,  May 7, 2006
 
 
Metro's Miracle Man

 

At 74, most technocrats would be happy if anyone remembered their names at all. But in the case of Delhi Metro boss, E. Sreedharan, getting people to let him be is the problem. Even before he reluctantly accepted a three-year extension at Delhi Metro last year, Sreedharan was being wooed by state governments for their metro projects. Now, the man, who also built the Konkan Railway, is helping Kolkata Metro plan a Rs 907-crore extension from Tollygunge to Garia. Don't blame the states for overworking one man. In his business, there's no one else with Sreedharan's competence or ethics.

Right Connections

As the former CEO of network equipment giant Nortel and former Vice Chairman of the US armed forces, William "Bill" Owens knows more than just a few people who matter in corporate America and Washington, D.C. Now Owens, 66, who quit Nortel less than two years after fixing a wide variety of problems, will have an opportunity to open some big doors for Wipro, which has roped him in as an additional director. If you've read our cover story this issue, you won't ask why Wipro made the offer or why Owens agreed.

The Game Changes

Recruiter pop quiz: what's more important in a CEO candidate-knowledge or enthusiasm? If you picked knowledge, forget about a career in private equity. At least with one Australian-Israeli realty group, which has chosen IMG/TWI South Asia Managing Director, Ravi Krishnan, to head its $100 million (Rs 450 crore) sector fund. What does Krishnan, 38, know about India's murky real estate industry? Little in terms of its mechanics. So, what got him the job? Must be his-no, not his Australian passport, but-attitude. "The real estate boom is for real, it is by no means a bubble," he says. Let's hope he's right.

The Fall Of A Prodigy

Move over, (Enron's) ken lay and Jeff Skillings. Make way for Sanjay Kumar, 44. On April 24, former ca (formerly Computer Associates International) CEO and Chairman, Kumar, admitted in a us court that between 1999 and 2000, he had "incorrectly booked" revenues, lied about it to prosecutors, even paid $3.7 million to a customer to cover up a bogus deal, and thus contributed to a $2.2-billion fraud that brought ca to its knees. "I know my conduct was wrong...I apologise for my actions," said the man who once was ca founder Charles Wang's blue-eyed boy. With each of the 12 charges against him carrying a five-to-20 year sentence, Kumar-son of a fisherman who landed in the US as a 14-year-old to escape the ethnic violence in Sri Lanka-can look forward to a long prison sentence. At the time of writing, Kumar was out of jail on a $5-million bond.

Pay-day Ahead

Neeraj Bhargava has been one of the earliest BPO cheerleaders. As a consultant with McKinsey, he was one of the authors of the McKinsey report that heralded the BPO boom. Then, as a private equity investor at eVentures India, Bhargava invested in offshoring firms, and most recently as the group CEO at WNS Global Services, a former British Airways captive back office where Warburg Pincus is now a major investor, Bhargava may oversee the first overseas listing of a pure-play Indian BPO. Bhargava refused comment, but according to some estimates WNS may be worth about $500 million (Rs 2,250 crore) on Nasdaq. Given that Bhargava has shares in WNS too, his belief in the industry is about to be richly rewarded.

On His Own

It is a mere formality, but one that needed to be done. Come July, Gautam Thapar, 45, will succeed bachelor and septuagenarian
uncle L.M. Thapar as the Chairman of group flagship, Ballarpur Industries. But it will hardly be business as usual at the paper
maker. The young Thapar, a chemical engineer, wants to more
than double capacity to 1 million tonnes by next year.
"I am bullish on the paper industry," quips Thapar.

The India Bug

Nokia's Sanjeev Sharma isn't the only one quitting his job to avoid a posting out of India. American Express India's country manager K. L. Muralidhara has quit rather than move to New York. Internal politics may also have done in this straight-talker, since rumours of his departure had been in the air for sometime now. Muralidhara wasn't available for comment, but the buzz is he may be headed back to Citi come June.

 

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