"We were wrongly priced and wrongly positioned"
Chairman of UK retail giant Marks and Spencer, Sir Stuart Rose has aggressive plans for India, where the retailer operates through a joint venture with Reliance Retail."India would be held back by the inadequacy of its basic education. It could be held back by inefficiencies in its bureaucracy, in the way it’s administered"— Niall A. Ferguson, Professor of History, Harvard University, in NDTV’s Walk The Talk showThe iconis Maruti 800 is in its last lap. With carmaker Maruti Suzuki deciding not to sell the model anymore in the top 13 cities of the country, the car that middle-class India steered for over 26 years is set to be mothballed.Globally, car recalls to rectify defects are commonplace. In India, it's still a novelty because of the effete regulatory framework that is supposed to protect consumers.The leadership style of Indian executives is radically different from their American counterparts, reveals a study.The computer maker is riding a strong growth wave in India.Now, salt with the double edge
After iodine, iron is set to be the next big additive in table salt.While the device may not set the streets alight with its rather basic configuration at a retail price of Rs 4,700, it is not what one would call expensive.At a fest organised in Hyderabad late February by Ashoka-The Lemelson Foundation, the world's most respected social entrepreneur grouping, two Indians and a Nepali shone.When Shah Rukh Khan was assisted into a bathtub by Bollywood's leading ladies for a Lux advert, his fans demurred and many an eyebrow was raised. In a move that could increase transparency and efficiency in loan pricing, the Reserve Bank of India (RBI) has proposed that all loans be priced off a base rate as against the current practice of linking them to the so-called benchmark prime lending rate (BPLR)."Indian IT is in the midst of a radical re-invention"
The Indian IT companies are in the midst of a radical transformation as they move away from being software vendors to partners of their clients, a recent BT-Nasscom discussion finds.Through a unique participative endeavour, Kerala has made its second-most backward district the first in the country to be fully electrified.Starting at the peak of the global financial crisis, India's first agribusiness fund has done some smart deals in the food business.Dr Reddy's Labs has learnt plenty from a global acquisition that went spectacularly awry. Just one of those lessons: Build depth before breadth. Industrial production may be up smartly, but with some crucial sectors still languishing, a full-fledged recovery may be some time away.Rice production is going to be lower by 12 million tonnes and coarse cereals by six million tonnes in the current fiscal. ...And a number of foreign majors, domestic firms and private equity investors are keen to ensure that more and more of it can be used.Tiny, stand-alone power plants are powering village after village in India with rural folk willing to pay what it takes for assured electricity.Ten years ago this month, the dotcom bust began, burning trillions of dollars and millions of dreams. BT asks two entrepreneurs who were there for the lessons they learnt.
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