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FEB. 11,2007

COVER STORY


	Reinventing Indian IT Sure, their revenues and profits are still surging, but Indian IT vendors have realized that their linear business model-more code jocks is equal to more revenues-is under threat. Result: They are reinventing themselves before it's too late. BT SPECIAL: PHARMACEUTICAL INDUSTRY SURVEY Wanted: A Booster Shot In the global generic market, Indian players run the risk of being overshadowed. They need to scale up-fast. Read More The Price Conundrum Does India need price controls? Perhaps not. Read More Destination India Outsourced contract research and manufacturing could be a billion-dollar market by 2010. Read More The Quest for New Drugs Developing a new drug from scratch is still a tall order. Read More The Buzz In Biotech Biogenerics is the new buzzword, but don't expect any fire works for the next few years. Read More

FEATURES

STAR'S Exodus
At The Top

When three of the group's
CEOs slip into exit mode, something must be
horribly wrong at Asia's
leading-and India's premier-broadcaster.
Read More

As Hero Brand
Move over in-film advertising.
Out-of-film, or associative marketing, is the latest
mantra in Bollywood.
The twin benefit: Mileage
for the brand, and for
the movie.
Read More

REPORTER'S DIARY
Battleground Nandigram
A nondescript village in
West Bengal has become
a proxy for popular resistance
to the government's SEZ
policy, says
Ritwik Mukherjee.
more...


	FEATURES


	Salvation in a Sachet Most marketers find it unviable to penetrate rural markets. Now, a clutch of brands is attempting to go where none has gone before. more...		What Will Chidambaram Do? Tax revenues are buoyant. The FM can use it to fix systemic glitches or give in to populist demands. more...



	Gas Gets Going With the new pipeline policy in place, gas is about to take off. more...		Resurrection Roadmaps These companies had once climbed meteoric heights. Now, their promoters are trying to rebuild their edifices. more...




	60 Minutes Sy Sternberg, Chairman & CEO, New York Life Insurance Co., speaks to BT about the opportunities in emerging markets such as India. more...		The Widening Middle FMCG companies, banks and BPOs are paying the highest middle manager salaries, reveals the second quarterly survey by BT-Omam Consultants. more...






	from India
	from outside India








Trading with ASEAN In the recent Indo-ASEAN summit, ASEAN was, for the first time, on the defensive. India has agreed to bring down its negative list of imports to 490 items in the free trade agreement with the 10 ASEAN nations. But India’s step towards free trade was not matched by the ASEAN nations, as more than 1,000 items still figure in the negative list of the ASEAN. In ../2005-06, India’s total trade with ASEAN was at $22 billion (Rs 99,000 crore), against just $7 billion (Rs 31,500 crore) in ../2000-01. More Net Specials

Exchange Deal Indian markets are on a roll. Global stock exchanges and financial institutions’ interest in the Indian stock exchanges goes to show the long-term growth potential of India Inc. The year has started on a positive note. The NYSE and three global financial institutions have each picked up a 5 per cent stake in the NSE. The deal will open exciting vistas in global co-operation for the NSE, and at the same time could improve the fortune of smaller exchanges in the country.

Taxing Times The phase-out of central sales tax is yet another move towards ushering in the national goods and services tax (GST). The compensation to the states, in lieu of CST phase-out, will include revenue proceeds from 33 services currently being taxed by the Centre as well as 44 new services of an intra-state nature that will be traded by the states. However, VAT is the way forward, though much needs to be done to iron out the anomalies in the current VAT regime.

India, Ahoy! Indian investments overseas are growing and how. For instance, total Indian investment in Latin America and the Caribbean has topped $3 billion (Rs 13,500 crore) so far. The latest investment is by ONGC Videsh, which acquired an oilfield in Colombia for $425 million (Rs 1,912.5 crore). Earlier, ONGC bought an offshore oilfield in Brazil for $410 million (Rs 1,845 crore).





	MONEY		JOBS TODAY


	Climbing Higher The rising interest rates will result in an increase in your outflows. What should you do to avoid the pain? more...		Get Set For A New Beginning The sunrise sectors are sucking in people from other industries. You, too, can cash in on this boom. more...

	BOOKEND		BACK OF THE BOOK


	Speaking Your Mind Online Why blogs have taken on a life of their own and why companies are paying attention to them. more...		Bands On The Run Indian bands are gaining in popularity but they need institutional support before they can become mainstream. more...
	PEOPLE		COLUMNS


	People Perfetti India's Chairman Stefano Pelle; Vinayak Chatterjee, Chairman, Feedback Ventures; Mercer Human Resource Consulting's Rajan Srikanth; former Secretary of Consumer Affairs Labanyendu Mansingh; First Monday's Managing Editor Rishab Aiyer Ghosh; and Director of Software Technology Parks of India B.V. Naidu. more...		Leadership Spotlight S.P. Hinduja, Chairman, Hinduja Group.


	TRENDS		CURRENT


	India Arrives Global tech firms are now relocating top management functions to India. more... Quota Chaos at IITs, IIMs Prakash G. Apte, Director, IIM-B, however, is confident that the increase will pose no major challenge. "Students of programmes such as executive education are not provided accommodation on campus anyway, so there shouldn't be an issue of over-crowding at IIM-B," he says. "We have enough spare capacity to house the additional students next year. Thereafter, we will build new hostel blocks on the campus itself." more... Top Of Mind Focus on decoding the spectrum war; and the Maharaja dons new colours. more... Newsmaker This fortnight’s hero is Vodafone CEO Arun Sarin, who’s fighting his toughest battle for Hutch Essar. more...		Second Time Lucky? DLF's revised bid for an IPO is high on ambition. more... The SEZ Show Won't Stop More clarity on land acquisition norms may be the right step. more... Middle Game Gambits Will Vodafone operate in India with the Hutch brand? more... Turnaround Solutions IFCI is back in the black, but what's its game plan? more... Of Exchanges and Equity The BSE might benefit from NYSE buying into NSE. more... Joining The PE Cult When stocks peak out, brokers hit the PE trail. more... Viewers Nod Off The rollout of CAS impacts television viewership. more... The Party's On, So Far The initial numbers for the third quarter don't disappoint. more... Battle In The Skies Air Deccan claws back to #2 slot. Can it stay there? more... Problem Of Plenty Few are celebrating the lifting of the ban on sugar exports. more... Kicking Off, Finally Is in a hurry to launch its exclusive stores. more... Never Say Never The Hindujas want to revive a mothballed power project. more... Billion Dollar M&A Mania India Inc.'s acquisitions will soon attain global size. more... On a Dollar Raising Spree ICICI Bank mobilises $2 bn, Asia's largest deal in 5 years. more... New School Of Thought Now, Pitroda may leave his mark on education. more... Buyout Blitz Subex makes its 7th acquisition in seven years. more...


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