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JUNE 17,2007

COVER STORY


	Starting All Over Again What do businessmen do when they cash out of ventures they painstakingly built over the years? A few retire, a few plot a trip to the Bahamas. BT, however, stumbles upon a clutch of entrepreneurs that has preferred to start all over again, by reinvesting in today's sunrise opportunities. BT SPECIAL: A SPECIAL REPORT ON THE INSURANCE INDUSTRY A Cover For All A special report on the insurance industry. Read More Over The Hump Insurance in India has crossed an inflection point and is well on its way to becoming the next hot thing in financial services. The earth moved with the revolution in telecom and retail banking. Well, it is moving again with insurance. Read More Capital Constraints Breakneck growth has increased the need for capital sharply. Although some regulatory changes could help, players in the meantime are finding creative solutions to the problem. Read More

BT SPECIAL

Not So General

Ever since some of the tariffs were deregulated earlier this year, the general insurance industry dynamics have changed. But with another round of opening up expected in April, things will change some more.
Read More

Q&A with C.S. Rao
Chairman, IRDA

REPORTER'S DIARY
Eden Under Threat
The Maharashtra government wants to turn ecological hot spot, Satara, into a tourist hub to boost local economy. It's a noble idea, but it is taking the wrong approach. more...

FEATURES
60 Minutes
Scott McNealy, Chairman and
Co-Founder, Sun Microsystems, speaks to BT on his company's prospects in the US and India.
more...


	FEATURES


	The H-1B Hullabaloo The debate in the US over immigration has engulfed H-1B visas and IT offshoring. But curtailing work visas will only lead to more tech work being shipped out to India. more...		Ready For Take-off Air India and Indian will soon merge into one mega airline operating on both domestic and international routes. But its flight path is strewn with air pockets. more...



	Is Patni On The Block? There are persistent rumours of a feud in the promoter family. And a host of suitors is circling over it, waiting to pounce. more...		Dial V For Valuation Six companies now largely control India's telecom market, which is growing the fastest in the world. But even as valuations rise, ARPUs are dropping. Will this, and other issues like limited spectrum, bring values back to terra firma? more...




	Here Comes 'Good' Money Venture capitalists are beginning to chase unconventional industries such as clean energy and social sector projects. Why? It's not just socially responsible, but also profitable. more...		Unbundling The Hot Shops As clients become more demanding and open to using every medium available— radio, print, the internet, outdoor, elevision, cinema—to get their message across to their target audience, the country's premier ad agencies have recast their operations in a bid to be present at every touch point. more...












Drug Hub The global drug industry's focus is shifting to Asia. The continent will shortly become the largest market for pharmaceutical companies and also a major hub for production and research. A recent report by PricewaterhouseCoopers (PwC) states that Asia will soon take over the global R&D market. The continent can also play a role in building a low-cost supply chain. China and India top the list of most probable destinations for outsourcing.

Power Up To become self-sufficient, India needs to add a capacity of 78,000 MW over the next Five-Year Plan period. The target seems difficult because the required additional capacity is 60 per cent of the country's overall installed capacity of 132,000 MW. Also, in the last five years, India has been able to add only about 20,000 MW. To meet this requirement, nuclear-based power generation needs to be ramped up.

Rupee Rise Though an appreciating rupee is a cause for concern for many industries, it is proving to be a boon for some, particularly those that have large foreign currency borrowings. A weaker dollar is making repayments cheaper. Also, state-run refineries and those in the aviation sector are well-positioned to benefit from the stronger rupee. The Indian currency is up 8 per cent this year and is Asia's strongest currency against the dollar in ../2007.

The ECB Route The cap on maximum external commercial borrowings (ECBs), an annual ritual for the government, is fast losing its significance. Since the bulk of the foreign borrowings is raised under the automatic route by companies, it is becoming difficult to enforce the cap. The government had raised the annual limit of ECBs last year from $18 billion (Rs 81,000 crore) to $22 billion (Rs 99,000 crore). Now, it seems that total inflows will cross the $22-billion mark.





	MONEY		JOBS TODAY


	The Top Guns Only a handful of funds has performed consistently over time. What did they do right and should you invest in them now? more...		IT's An Equal World The information technology industry in India is trying to charm the woman workforce like never before. Up for grabs are flexi-hours, sabbaticals and, above all, career growth. more...

	BOOKEND		BACK OF THE BOOK


	Cultivating Managers R. Gopalakrishnan promises a growth journey as effortless and natural as the growth of a plant. more...		Bone of Contention China is lobbying hard to reopen the trade in tiger parts amidst opposition from wildlife conservationists. The stakes this time are very high and could impact the very survival of tigers in their natural habitat. more...
	PEOPLE		COLUMNS


	People Starring Airtel's Sunil Bharti Mittal; Grey Global Group's Nirvik Singh; Mamata Banerjee, Chairperson, Trinamool Congress; Vijay Mallya, Chairman, UB Group; General Electric's Scott Bayman; and R-ADAG's Anil Ambani. more...		Leadership Spotlight Manmohan Singh Prime Minister


	TRENDS		CURRENT


	The Rupee's Next High We present the best case, worst case and likely scenarios on the rupee-dollar front. more... Instan Tip The fortnight's burning question. more... Q&A: Kevin Campbell more... What's on the Idiot Box Down South? Tamil Nadu, Andhra Pradesh, Karnataka and Kerala, serious soap territories, are now turning to comedy and other genres. There are over ../200 TV serials running across television channels in these states every day and they account for 44 per cent of the viewing time. more... The CEO Bloggers This phenomenon hasn’t caught on in India in a big way yet, but some CEOs are showing the way. more... Gunning for the Defence Pie India's defence budget for the current financial year is Rs 96,000 crore. more... Top of Mind Focus on e-cigarettes; and GupShup, a free group SMS service launched by Webaroo. more... Economy Watch more... Policy Watch A bird's eye view of what's hot and what's not on the government's policy radar. more... Newsmaker This fortnight’s hero is Rahul Bajaj, who’s looking beyond the family feuds. more... Numbers of Note more... NOTED more... Call From Heaven more... Mobike Sales Slow Down more...		The Headlines Maker Raghav Bahl is straddling the entire spectrum of media and entertainment. more... A Hero Comes Along UTV's Screwvala is emerging the leading man of Bollywood. more... Global Medicine Sun Pharma inches closer to becoming an Indian multinational. more... Winner in Wireless Bharti Airtel gate-crashes into the 40 m subscriber league. more... Accidental Veecees A strategic investment turns into a bounty for Tata Tea. more... Bailing Out? G.R. Gopinath looks set to lose his Man Friday. more... Stagger And Conquer Suzlon cuts an innovative global deal. more... Divided We Stand De-mergers are providing focus, and value. more... King of the Hill, At Last Dr Reddy's finally rises to the top. more... Smart Move on the Cards Bartronics prepares for its next big leap. more... Birla Offers More Consumers are spoilt for choice in organised retail. more... Sweet Emotion A Bollywood film-maker will start producing sugar. more... Dabur's Fruit Punch Can fruit drinks help it double revenues in three years? more... Irons in The Indian Fire Lakshmi Mittal is keen to invest over $15 billion in India. more... A Big Deal Indeed A dream run for UBS on the cross-border front. more... Low-Rise, High Price Jeans are no longer for just inconspicuous beer drinkers. more... In Control, For Now Miditech denies selling out to R-ADAG. more...


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