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India Inc has recorded 36 M&A deals - both outward and
domestic - in February 2008, at a total announced value of US$ 2.95
billion, according to global consultancy firm Grant Thornton.
The National Stock Exchange (NSE) has moved up six places to
become the ninth largest derivative exchange in the world, as per
the annual report on global trading volumes by Washington-based
trade group Future Industry Association.
Also included in this newsletter is the survey, 'India Inc's most
powerful CEOs', commissioned by The Economic Times' Corporate
Dossier magazine and conducted by IMRB International. |
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regards, |
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Jayant Bhuyan
CEO, India Brand Equity
Foundation
& Deputy Director General, Confederation of
Indian Industry |
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Report: India Inc's most powerful CEOs |
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The
'India Inc's most powerful CEOs' survey, commissioned by The
Economic Times' Corporate Dossier magazine and conducted by
IMRB International, ranks CEOs in terms of the power they
wield in corporate India, and the country's economy at
large.
CEOs were evaluated on parameters such as
leadership quality, the ability to look beyond the horizon,
actual financial performance of their companies and strategic
acumen. A total of 20 such global Indians were chosen keeping in mind
the current global business scenario. [More] |
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Report: Banking CEOs emerge more powerful than ever
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Indian
bankers are a talented lot and have made quite a mark in the
global arena in the recent past. One reason why they are
becoming increasingly powerful is the increased role of
mergers & acquisitions and private equity in driving
corporate growth.
They have proved themselves adept at
staving off the global credit and liquidity squeeze, which is
possibly why Citibank needs a Vikram Pandit at helm to steer
its ship in choppy waters. Others like Rana Talwar and Arshad
Zakaria have proved that Indian bankers are increasingly
comfortable in the rough and tumble of global banking. At
home, KV Kamath and Deepak Parekh continue to reign as Indian
banking's power duo. [More] |
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Interview: Dr Anant Jhingran, VP and Chief
Technology Officer, IBM's information management division, on
India's talent pool |
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'The
talent that is available in India...is second to none. IBM has
undergone changes from being a centrally-managed enterprise to
a multinational to a global enterprise. So, we not only serve
the local market through local talent but also the global
market. We recently held a Web 2.0 contest and some of the
best entries were from India. In fact, the top three entries
were from Germany, Canada and India.'
'The India
Research Lab plays a great role in the development of some of
our best offerings. We are currently looking at business
intelligence delivery using SMS and how a cellphone can be
used instead of a laptop.' [More] |
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Interview: Joseph Ravitch, Goldman Sachs MD
(investment banking division) on India's opportunities in the
print media |
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'I
believe Indian newspapers have done a good job in integrating
with other media, especially the Internet. Almost all major
newspapers in the country have their online
versions.
In India, some big newspaper companies have
also ventured into television and related areas, which is a
healthy trend. The more you diversify your assets, the less
you suffer when a particular media takes a hit.' [More] |
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| Policy/Corporate Briefs |
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18 FDI plans of US$ 370.46 million get FIPB
clearance
The government has approved 18 foreign direct
investment (FDI) proposals that will bring in US$ 370.46
million. |
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Education may see more private
funds
India's Human Resource Development ministry is
considering private participation in elementary education, and
100 per cent FDI in higher education. |
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'India Inc M&A deals @ US$ 2.9
billion'
HDFC Bank's merger with Centurion Bank of
Punjab has driven India Inc's merger and acquisition (M&A)
deal volumes to US$ 2.9 billion in February 2008. |
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NSE among world's top ten F&O bourses, MCX,
NCDEX in top 50
Growing interest of investors beyond
the equities has catapulted NSE to be listed amongst the
world's ten largest derivative bourses. |
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Software exports may grow 33 per cent in FY
2008
Software exports are expected to see a 33 per cent
growth in dollar terms in the current financial year, as per
an estimate by the Electronics and Computer Software Export
Promotion Council. |
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Reverse outsourcing: TCS in US
India's
largest software developer Tata Consultancy Services (TCS)
opened its 1000-seat delivery centre in Ohio, US. |
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India emerges as the top performer on Benetton's
global chart
European fashion giant Benetton Group has
perched India at the top of the priority growth markets -
India was the top performer with 58 per cent revenue growth in
2007. |
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Mitsubishi to launch one model every six
months
Japan's Mitsubishi Motors will launch a new
model in India, every six months. |
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Hyundai gets 60,000 export bookings for
'i10'
Hyundai Motors India has received 60,000 export
orders for its small car 'i10', made at its Chennai plant and
launched in October 2007. |
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20th Century Fox to set up JV with
Star
One of the leading Hollywood studios, Twentieth
Century Fox Film Corporation, is set to enter India's film
industry in a joint venture with Star India. |
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