"Follow an asset allocation strategy"
Recently, ICICI Prudential Life Insurance has added an asset allocation product called the Life Stage plan that automatically allocates between equity and debt according to your age, and risk profile. Clifford Alvares spoke to Shikha Sharma, Managing Director and CEO, on new products and the need for asset allocation. When interest rates were low, many homeowners overborrowed. But, they are now finding it difficult to cope with the increased monthly instalments. How to survive the interest rate hikes.At last, some good news on crude prices
Crude oil prices are now finally showing signs of softening. Analysts attribute this to a strengthening US dollar and signs of a weaker demand for crude.Jet Airways has declared a large profit of Rs 143 crore for the first quarter ended June, but most of it is the result of the way it now depreciates its smaller Boeing 737 and ATR planes.After the heady days of 40 per cent-plus increments and jumping jobs every six months, the buoyant IT industry is currently in the midst of a harsh reality checkThe asset quality of retail loans in india has weakened in recent months, a CRISIL report says. The contributing factors: the rising proportion of unsecured loans, increasing exposure to high-risk customers, hardening interest rates, and a dip in credit standards during 2004-07.Mumbai expensive? You must be joking
Mumbai, Delhi, Chennai and Bangalore are all costlier for expatriates compared to last year, says the latest Cost of Living Survey by global human resource consultancy firm Mercer.Doha Round: Dialogue of the deaf
The bone of contention between India and the US turned out to be an emergency measure known as Special Safeguard Mechanism (SSM)—that will come into play in the eventuality of a surge in farm imports. The two sides could not agree on the numbers. The Indian Economy is being buffeted by several adverse developments, so it’s small wonder that corporations are feeling low these days.The government is feeling the pinch of the slowdown in industrial growth—it is now the turn of indirect indirect tax collections to be impacted.The Beijing Olympic games are around the corner, but advertisers are largely ignoring the event. The mood at DD is also low and officials admit that barely a few brands have trickled in and “maybe the mood will pick up sometime down the line”."BPOs are getting commoditised"
David F. Dougherty, CEO OF Convergys, one of the world’s largest BPO vendors, took time out from meeting employees and business partners to speak to BT’s Rahul Sachitanand. Excerpts:The fortnight’s burning question. Following the rate hikes, can india still achieve at least 8 per cent gdp growth?Inflation is a bugbear that continues to give mandarins in the economic ministries sleepless nights. The latest figures show it at 11.98 per cent for the week ended July 19. Sub-normal rainfall in large parts of India can push inflation to 14 per cent. The biggest risks in power generation are the availability of fuel, its pricing and transportation. Not surprisingly, power producers in the country are pursuing options in green power.What happened to Taneja aerospace and Aviation’s (TAAL’s) plans of building light planes in India? Well, the plans are on track. It has been building the six-seater twin-engine P68 Series since 1996, making it the first private sector company in India to make light aircraft. “If blocking means not accepting whatever the developed countries say, so be it”Kamal Nath, Commerce Minister, on the failure of the WTO talks in Geneva, to Associated PressHuman resources departments consider it their duty to uphold personal and organisational ethics, but according to findings from a survey commissioned by India's largest staffing company, TeamLease, executives are yet to find their feet on this front.What was your fund manager doing...
Not since the technology crash of 2000 have an equity fund manager's investment strategy been tested—and the perils of running a concentrated portfolio exposed.When the stock market was booming, dozens of Indian companies issued foreign currency convertible bonds (FCCBs) to raise cheap capital. But with stock prices crashing and conversion coming up, they are in a soup.India Inc. wakes up to corporate frauds
India Inc. loses crores of rupees to frauds, most of which are not even reported. But now, companies are belatedly waking up to this problem. Suman Layak reports. Fraud plagues World Bank aided health projects India Inc. draw up anti-fraud policiesIndia's most investor friendly companies
Our fifth annual survey of the companies who have managed to put a smile on their shareholders’ faces and delighted them the most.The world's most luxurious yachts
There are yachts and then there are the really extravagant, gigantic, luxury yachts.We take a look at who owns the finest things to set sail on high seas.We take a look at two gripping books—a work of fiction and another based on true events—which take us through the thrilling, though often horrifying, journey of life in a world where terror and terrorist attacks are everyday occurrences.Chuck that black leather belt when you wear your jeans. Let these casual woven belts weave their magic this season. They are the latest and most exclusive line from the House of Vuitton and are already creating a buzz among LV addicts the world over.We tell you why The Monogramouflage and the Mahina make for prized possessionsIndia has had its share of electric vehicles, ranging from the Bajaj and Mahindra three-wheelers to the cute and chic, Reva city car. The world over, electric vehicles have been made in all shapes and sizes, from city buses to fancy sports carsWhere do you go when you’re an immensely successful rock star and have been there and done all that you ever dreamed of? Well, you start a side-project, which is nothing like your day job. This issue, we take a look at three side-projects that are getting as much attention as the real thing. Why does a watch cost the sky? Or Rs 67 lakh in this case? We decided to take apart de Grisogono’s new creation, the Instrumento Grande, to find out just that.It’s small, it’s expensive and not the ultimate in comfort either. But there’s something about the new Fiat 500 that will make you fall in love. Powerful kings and rulers of France made it their second home as did celebrated painters. The twin towns of Moretsur-Loing and Fontainebleau, surrounded by forests, rivers, palaces and rich in history, are gems waiting to be discovered, barely an hour away from the centre of Paris.Playing conditions at Birkdale, for most of this year's British Open, were similar. You might argue that the players here were the world’s best but you really have to sample those conditions firsthand to appreciate the show put up by Padraig Harrington, and more so by Greg Norman, at age 53.International TV series like Twin Peaks and Friends have long enthralled us. In this issue, we take a look at three modern TV hits that are now available on DVDWhen it comes to a true cheese legend, Australian Will Studd has few competitors. An award-winning author, Studd was named a Maitre Fromager (Master of Cheese) by France’s Guild des Fromagers. We caught up with him when he was in Delhi to talk about iconic varieties of cheese, and the wines that go with them.Recording a song isn’t just about getting the sound right or having a great voice. We learnt how it’s done at Mumbai’s state-of-the-art Blue Frog Studios, to let you in on a few secrets.