|
COVER STORY
Shale Gas :
The New Holy Grail?
- Amit Singh Sisodiya and Ramana Pemmaraju
As oil giants across the globe look desperately to find a solution to their fast depleting reserves and inability
to find new ones, they have stumbled across a new hope: Shale Gas. But the billion dollar question is: Will it
be the new holy grail for the industry?
COVER STORY
Oil Deregulation :
A Much-Needed Reform
- Y Bala Bharathi and G P Mrudhula
India's energy sector has a big reason to cheer as the government recently deregulated the oil prices,
lifting decades of control on fuel prices.
INTERNATIONAL FINANCE
Currency Wars :
A Threat to Global Recovery?
- Andrew K P Leung
Chairman and CEO
Andrew Leung International Consultants Limited,
London
and International and Independent China Specialist,
Hong Kong
A full-scale global currency war will have no winners. It will not only threaten the global economic recovery
but also deepen the geopolitical mistrust and miscalculations in a world in transition.
INTERNATIONAL FINANCE
Currency Wars :
Time to Get Tough with China?
- William Gamble
President & Founder
Emerging Market Strategies, US
With the two largest economies in the world fighting tooth and nail to devalue their currencies and
smaller countries anxiously trying to protect themselves with limited resources and potentially ineffectual policies,
what chance is there to avoid the currency war or a larger trade war?
INTERNATIONAL FINANCE
The Falling Euro : An Ominous Sign
- Swaha Shome
Professor, IBS, Mumbai
The Greek crisis has once again exposed the weakness of the euro. However, for the fragile unity to last,
the member nations have to remain committed to fiscal discipline and austerity measures.
ECONOMY
India : Gearing for Growth
- Hitesh Shukla
Associate Professor,
Department of Business Management
(MBA Program)
Saurashtra University,
Rajkot
While India has the potential to emerge as a leading nation in the world, it needs to sort out a few issues.
BANKING
Base Rate :
Old Wine in New Bottle
- N S N Reddy
Chief Manager
Operations Department,
Andhra Bank, Hyderabad
Contrary to the expectations, all banks have adjusted spread in such a way that interest rates remain the
same as that of pre-Base Rate interest rates.
BANKING
Bank Stress Tests :
Why It Can't Be Very Stressful?
- Sunil Puliyakot
Assistant Professor
Amrita School of Business,
Coimbatore
In order to avoid Northern Rock type of situation, every bank and its regulator should avoid situations
of unwarranted withdrawals at all costs.
BANKING
Private Banking in Europe :
The Growth Pangs
- Mita H Suthar
Head, Department of Economics,
H.L. Institute of Commerce,
Ahmedabad University, and
Joint Coordinator,
Executive MBA Program,
Amrut Mody School of Management,
Ahmedabad University,
Ahmedabad
Banks must bear in mind that the present crisis is not about wholesale banking, but more about private and
retail banking and regulatory loopholes.
GLOBAL ECONOMY
World Economy :
Is Double-Dip Recession Inevitable?
- N Janardhan Rao
The world's leading economies are in or near liquidity-trap conditions, as low interest rates fail to
stimulate consumer spending. These trends indicate that the odds of another recession are higher than
generally perceived and the much-feared double-dip recession could be a reality.
GLOBAL ECONOMY
US Economy :
The Curse of Government Failure
- Steve H Hanke
Professor of Applied Economics
The Johns Hopkins University,
Baltimore
and Senior Fellow,
Cato Institute,
Washington, DC
The hallmarks of the Panic of 2008 are policy errors and government failure. These are encapsulated in
the article and it displays the explosion of the Fed-controlled monetary base after the Panic of 2008 and the
collapse of the money multiplier for the broadest measure of money.
FINANCIAL MARKETS
Indian Equities :
Sustaining the Bull Run
- Reena Srivastava
Sr. Research Analyst
SMC Global Securities Limited, India
The rally in stock markets may continue as long as central banks across the developed countries keep
interest rates at record lows, helping investors borrow cheap and invest in high-yielding emerging markets.
FINANCIAL MARKETS
Sensex : Long-Term Prospects Bright
- Dinesh Thakkar
CMD, Angel Broking, India
India, on the back of its high long-term growth and profitability prospects, will continue to remain a
preferred investment destination.
BUSINESS ENVIRONMENT
Goods & Services Tax :
Key Aspects and Sectoral Impact
- Pratik Jain
Executive Director,
Tax & Regulatory Services,
Indirect Tax Practice, KPMG India,
Gurgaon, India
- Krishan Arora
Associate Director,
Tax & Regulatory Services,
Indirect Tax Practice,
KPMG India, Gurgaon, India
Although it is expected that existing incentives would be protected under GST by way of cash
refunds/investments-based cash subsidies, the mechanism to obtain the same is not clear.
WEALTH MANAGEMENT
Wealth Management :
Outlook for 2011
- DAR Wong
CEO & Principal Consultant
PWForex.com, Singapore
In 2011, when Asia and the rest of the world face natural technical correction or experience another
`meltdown', the hot monies will all flow into China for hunting a seat to park for wealth opportunity.
CORPORATE STRATEGY
Sun TV Network :
Brought to You by Maran
- R Venkatesan Iyengar
With Sun Pictures' first production Endhiran rewriting box office history and Sun TV reporting a robust 53%
y-o-y topline growth for QFY2011, Kalanithi Maran, who acquired the profit-making low-cost carrier
SpiceJet recently, can afford to sport a sunny smile.
MERGERS & ACQUISITIONS
Sun-Taro Deal :
Sun Shines Finally
- Y Bala Bharathi and G P Mrudhula
In what is seen as a rare, action-packed, prolonged cross-border acquisition by an Indian company,
Sun Pharmaceuticals has acquired the 60-year-old Israel-based Taro Pharmaceuticals.
CURTAIN RAISER
Tatas :
An Amazing Tale of Turnarounds
- Amit Singh Sisodiya and Ramana Pemmaraju
Never in India Inc.'s history, any organization with as diversified businesses as Tatas would have
achieved turnaround of global scale. The feat is really commendable, a few challenges remain though. In this
curtain raiser article, we bring you the brief story of the turnaround at Tata Group's firms, Tata Steel and Tata Motors.
APOLITICAL
Nobel Peace Prize :
Always Set to Disturb Peace Between Nations?
- grk
|
