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APRIL 22, 2007

COVER STORY


	India Inc's New Billionaires They aren't household names— not yet—but armed with immensely scalable business models, and buoyed by a rosy macro- picture, a clutch of new promoters on the block has struck it rich in double- quick time. Will they get richer? BT SPECIAL India's 20 Most Wired What's IT? Some software, some hardware, and a telephone line. So why does one company end up using it better than another? The answer, as our fourth annual listing of India's Most Wired Companies reveals, lies not in the IT budget size, but innovative application. Read More

BUDGET 2007

REPORTER'S DIARY
Inside the Belly of the 'Whale'
Business Today's Kushan Mitra went for a two-hour spin on-board the brand new Airbus A380, and returned to earth feeling awed-and a bit sympathetic to the engineering snafus that marred the birth of this behemoth.
more...


	FEATURES


	Cricket R.I.P.-off India's unceremonious ouster from the World Cup threatens to derail the multi-billion dollar industry that has developed around the game. more...		The Guv's Trade-Off The central bank cannot curb inflation without slowing down the economy. But the question is, by how much? If he hits the brakes too hard the economy could stall. more...



	The Supply Crunch One reason why commodity prices have fuelled inflation is a shortage of supplies. But are fresh capacities coming up, and how soon? more...		Tycoons That Maruti Made Beginning the 80s, over half-a-dozen local entrepreneurs hitched their stars to a relatively small global car maker with big plans for India. Since then, these vendors of Maruti Udyog (read: Suzuki) have gone on to create sizeable business empires of their own. This is their story. more...




	60 Minutes William J. Amelio, Global CEO & President, Lenovo, speaks to Business Today on the company's prospects and plans for the international and domestic market. more...






	from India
	from outside India – Online Version








EU Rules The European Union (EU) is considering revamping its rules to make it harder to slap anti-dumping fines on cheap imports. This could greatly benefit low-cost manufacturers like China and India. European Commissioner for Trade Peter Mandelson's move follows rising global criticism of the EU's rules for imposing fines on exporters selling cheap goods. Asian and Latin American states have said the legislation is protectionist. More Net Specials

Exchange Benefits The government and SEBI are likely to allow foreign companies to issue Indian Depository Receipts (IDRs), in effect, allowing them to raise capital in the Indian market. The government is willing to relax the norms to make it easier for foreign companies to list on the Indian stock exchanges. Initially launched in 2004, it did not find takers as the rules were stringent. The move comes at a time when the New York Stock Exchange and Deustche Börse have bought stakes in NSE and BSE.

Manufacturing Makeover India's once hamstrung manufacturing sector is now breaking into a sprint. Growth in this sector has accelerated compared to the 9th Plan, but it is unlikely to touch 9 per cent over the entire 10th Plan period. To sustain an average growth rate of 10 per cent during the 11th Five-Year Plan, double-digit growth in manufacturing is necessary. Even as the services sector jogs along, big hopes rest on manufacturing, which should now gear up to meet the Chinese challenge.

Mobile Security Today, it is all about information and how the right information is sent to the right people at the right time and right place. Uncertainty about how to secure mobile phones in the face of increasing threats is slowing individual adoption of mobile applications. There are many facets of mobile security, including network intrusion, mobile viruses, spam and mobile phishing. Analysts expect big telecom companies to develop security solutions on various security platforms.





	MONEY		JOBS TODAY


	Is Reverse Mortgage Worth It? This new instrument promises to provide much-needed retirement income for senior citizens. But the payback is not enough. more...		Riding The Surf The 3rd quarterly Business Today-TeamLease Employment Outlook Survey shows that the bullish scenario of the previous two quarters remains intact. more...

	BOOKEND		BACK OF THE BOOK


	Drucker Distilled A Peter Drucker retrospective turns the spotlight not on the man, but his ideas. more...		Net Gains Several companies are using the internet to build communities and generate both interest and sales. more...
	PEOPLE		COLUMNS


	People Starring Michael & Susan Dell Foundation's Janet Mountain; Kunal Dasgupta, CEO, Sony Entertainment Television; Citigroup's Chairman and CEO, Chuck Prince; Actis' Donald Peck; Vijay Govindarajan; and Alain Viot, CEO & MD, Lladro. more...		Leadership Spotlight B. Muthuraman Managing Director, Tata Steel


	TRENDS		CURRENT


	Repenting At Leisure Badly planned policies are setting back the reforms agenda. more... New Owners Retain Old Managements Entrepreneur Clyde Cooper today does not own a single share in Blue Dart Express, which he had set up with co-founders Khushro Dubash and Tushar Jani in the mid-80s. more... Top of Mind Focus on Theory of Constraints; and Repo Rate, Reverse Repo Rate, Bank Rate and the Cash Reserve Ratio (CRR). more... Newsmaker This fortnight's hero is Analjit Singh, who's allegedly fronting for Hutchison Telecom Intl. more...		Big Blue Eyes on India IBM wins an outsourcing deal from Idea Cellular. Is Hutch-Vodafone next? more... Wrath of Grapes The arrack dries up in Karnataka. Revenues too will follow suit. more... Coal Comfort The Tatas make a billion-dollar power-packed acquisition. more... Life After Nandigram It won't be the same for mega projects. more... Law of Demand If global prices are rising, should the government mess about? more... Ticket, But No Ride Is Air Deccan profiting by overbooking flights? more... Steel Scrap How much does JSW really owe the state government? more... Moving Pictures UTV is betting big on world cinema. more... Friedman Will Approve FlatWorld spots overseas targets, and funds their buyouts! more... Googling India The domestic operations are off to a flying start. more... Generating A Storm A change in parent threatens to derail an ultra-mega project. more... Posco's Not Leaving But the Korean steel giant may be irked with delays. more... Why VCs Love SKS It gives loans to the poor and returns to the loaded! more... Right to Copy Is Yahoo! India guilty of lifting content from other sites? more... Prudential Vs Prudential Both have India insurance joint ventures. more...


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