EDUCATION EVENTS MUSIC PRINTING PUBLISHING PUBLICATIONS RADIO TELEVISION WELFARE

   
f o r    m a n a g i n g    t o m o r r o w
SEARCH
 
 
JUNE 3, 2007
 Cover Story
 Editorial
 Features
 Trends
 Bookend
 Money
 BT Special
 Back of the Book
 Columns
 Careers
 People

Trillion-Dollar Club
India has joined the elite club of 12 countries with GDPs in excess of a trillion dollars. The country's GDP crossed the trillion-dollar mark for the first time when the rupee appreciated to below Rs 41 against the greenback. According to a report by Swiss investment bank Credit Suisse, India's stock market capitalisation has risen to $944 billion (Rs 39,64,800 crore), which is also closing in on the trillion-dollar mark. An analysis of the Indian economy.


Minding The Monsoon
The India Meteorological Department's prediction that the total rainfall in the coming monsoon season is likely to be 95 per cent of the long-period average, with an error margin of 5 per cent, is good news for agriculture. But experts say there's a need to revamp monsoon prediction so that the region-wise and timing of rainfall patterns can be forecast much earlier. A look at the credibility of monsoon models and their impact on agriculture.
More Net Specials

Business Today,  May 20, 2007

 
 
A Services Man, All the Way
 
NAME: SAMUEL J. PALMISANO
AGE: 55
DESIGNATION: Chairman and CEO
COMPANY: IBM Corporation

Sam Palmisano, who was on his fourth visit to India last fortnight, joined IBM straight out of John Hopkins University at the age of 22, and has spent his entire 33-year career with the company which was still called International Business Machines those days. A key lieutenant of Louis V. Gertsner, the legendary CEO of IBM who preceded Palmisano and turned IBM around from a loss-making monolith into a nimble and, some might argue, ferocious it solutions supplier, who in his biography Who Says Elephants Can't Dance? described Palmisano thus: "He has an emotional, 24-hour-a-day attachment to winning and to achieving ever-increasing levels of success."

In 1998, Palmisano was appointed Senior Vice-President and Group Executive of IBM Global Services just as IBM was switching over from its traditional business of selling hardware to becoming a turnkey supplier of outsourcing solutions. This was a logical step for Palmisano who had played a critical role in several subsidiaries of IBM that provided outsourcing solutions such as Integrated Systems Solutions Corporation (ISSC), where he was President. ISSC was eventually merged into IBM Global Services. Under him, IBM Global Services became the most profitable and prominent face of IBM, and it was not surprising that he became the company's CEO in 2003. In fact, Palmisano signed the dotted line a couple of years ago when IBM sold off its personal computer division to Lenovo of China. Palmisano also played a critical role in turning IBM into one of the largest multinationals to function out of India. Not only does India provide the backbone for several of IBM's key outsourcing contracts, but thanks to the revolutionary deal with Bharti Airtel, India is also a key market for it. And Palmisano's frequent visits to India are representative of how seriously the company treats the country.

 

    HOME | EDITORIAL | COVER STORY | FEATURES | TRENDS | BOOKEND | MONEY
BT SPECIAL | BOOKS | COLUMN | JOBS TODAY | PEOPLE

 
 
   

INDIA TODAY | INDIA TODAY PLUS | BT EVENTS
ARCHIVESCARE TODAY | MUSIC TODAY | ART TODAY | SYNDICATIONS TODAY