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COVER STORY
Global Financial Crisis: Behind the Catastrophe
-- N Janardhan Rao with Inputs from V Ratna
The subprime crisis has spread rapidly in unanticipated ways and is wreaking havoc at the core of the global financial system. As a result, the global expansion is losing momentum and fears are mounting about global recession.
© 2008 IUP . All Rights Reserved
COVER STORY : INTERVIEW
US Financial Regulations
-- Dr Robert A Eisenbeis Chief Monetary Economist, Cumberland Advisors, US Interview conducted by N Janardhan Rao and PS Sarath Chandra
"There is always a problem of an overreaction that takes the form of increased regulation. More thought is needed and should be given before any new regulations are adopted."
© 2008 IUP . All Rights Reserved
COVER STORY : INTERVIEW
US Financial Regulations
-- Thomas Russo, Chief Legal Officer, Lehman Bros, US
"The proposal is farsighted and will certainly stimulate the debate over where we should go with the financial system."
© 2008 IUP . All Rights Reserved
FINANCIAL SERVICES
Credit Rating Agencies : Crisis of Confidence?
-- N Janardhan Rao and PS Sharath Chandra
The US subprime crisis has dealt a severe blow to the reputation of the credit rating agencies, as critics blame them for their failure to raise the alarm.
© 2008 IUP . All Rights Reserved
FINANCIAL SERVICES
Peer-to-Peer Lending : Financing Online
-- Y Bala Bharathi and GP Mrudhula
With the advent of peer-to-peer lending, a hassle-free way of transacting money, it's indeed getting quite easier for people to lend and borrow money on the Internet.
© 2008 IUP . All Rights Reserved
ROUNDTABLE
Curbing Volatility in Primary Market :What It Takes
-- Interviews conducted by Imrana Moghul
In order to control excessive speculation and volatility, which now characterize any stock on the first day of listing, the market regulator, Securities and Exchange Board of India (Sebi) has planned a 25% price band on the issue price (on IPO of Rs 250 cr in size). In this regard, The Analyst invited eminent experts like Aditya Agarwal, Jt. MD, ICRA Online Ltd., Nikunj Kapadia, Associate Professor of Finance, Isenberg School of Management, Peter Shea, CEO, Daniel Stewart & Company, Deven R Choksey, Managing Director, Kisan Ratilal Choksey Shares and Securities Pvt. Ltd. and Mukesh Kothari, Founder, Chittogarh.com to share their views on the topic and other related issues.
© 2008 IUP . All Rights Reserved
CORPORATE STRATEGY
Tata Tele-Virgin Deal : Dial C for Controversy
-- Amit Singh Sisodiya and Bindu Amrutham
Amidst allegations of being a Mobile Virtual Network Operator (MVNO) in the guise of a brand franchisee, the Virgin Mobile-Tata Teleservices deal looks all set to rock. Rivals, better watch out!
© 2008 IUP . All Rights Reserved
CORPORATE STRATEGY
Alcatel-Lucent : Merger in Tatters?
-- Y Bala Bharathi and Sanjoy De
The record quarterly loss, besides the string of losses in the past, suffered by the French Telecom equipment maker puts a question mark over the wisdom of the cross-Atlantic merger between France's Alcatel and US-based Lucent.
© 2008 IUP . All Rights Reserved
CORPORATE STRATEGY
Airbus : Dollar Pangs
-- N Janardhan Rao and P S Sarath Chandra
Airbus set a new record for aircraft deliveries and beat rivals in both jet orders and deliveries for the first quarter of 2008. However, a weak dollar is threatening the survival of the European plane maker.
© 2008 IUP . All Rights Reserved
INDUSTRY
Software-as-a-Service Model : IT's Alive and Kicking
-- Amit Singh Sisodiya and Imrana Moghul
Having made a quiet comeback a few years ago, after being declared dead during the dotcom bust, Software-as-a-Service (SaaS) model is now ready to make a serious dent in the hegemony of the traditional or licensed software market.
© 2008 IUP . All Rights Reserved
INDUSTRY
Indian Pharma: The R&D Gambit
-- Y Bala Bharathi and Sanjoy De
In a distinct shift of strategies, Indian pharma players are hiving off their R&D divisions into independent entities to de-risk their core generics business as well as to focus more on drug discovery. Foreign equities are also pouring into India's pharma space because they understand the risky nature of the R&D business well and are willing to wait for a long haul. However, this R&D gambit has its share of risks too, as the discovery of a blockbuster drug or a major discovery failure can rewrite the fortunes of a pharma player.
© 2008 IUP . All Rights Reserved
INDUSTRY
BPO Sector : India's Growth Engine
-- M Giri Prasad and Dr. Santhosh Kumar Khetan
The immediate benefits of BPO are certainly favorable; the long-term impact is mind-boggling.
© 2008 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
Agrarian Crisis in India : Towards a Solution
-- Suresh Chandra Babu International Food Policy Research Institute, Washington, US and G Bhalachandran Sri Sathya Sai University
The increasing food prices can push millions of net buyers of food into deeper poverty. A lot depends on how Indian agriculture responds to this challenge and what solutions the policy makers can think up to prevent a possible farm crisis.
© 2008 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
Farm Loan Waiver : Politics Sans Economics
-- Amit Singh Sisodiya and Siba Prasad Pothal
Loan waiver may not be a prudent idea to revitalize Indian agriculture and save the farming community.
© 2008 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
Singapore Economy : Specter of a Slowdown
-- Amit Singh Sisodiya and Pratichi Samal
Singapore, the city-nation, is facing the prospects of a slowdown that could derail the strong growth momentum witnessed during the last four years since 2003.
© 2008 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
German Economy : Gloom After Boom
-- N Janardhan Rao and PS Sarath Chandra
The US economic slowdown and the consequent decline in world trade are curbing Germany's economic expansion.
© 2008 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
Airport Privatization in Japan : Noise About Narita
-- Amit Singh Sisodiya and Pratichi Samal
Japan, which is planning to privatize Narita International Airport, one of its biggest airports, faces growing protests from both within the country as well as from abroad.
© 2008 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
Low-Cost and High Quality Products : No Frills, Just Low Prices
-- Swati Khatkale, IBS, Pune
India has the world's largest middle-class, which is hardworking as well as cash-rich. Many companies, such as Tata, HCL and Reliance, are targeting the Indian middle-class with low-cost and high quality products and services.
© 2008 IUP . All Rights Reserved
BUSINESS ENVIRONMENT
Venezuela's Windfall Oil Tax : Making Hay While the Sun Shines
-- R Venkatesan Iyengar
As the steadily depreciating US dollar, the rising demand for oil and slowing production push the escalating oil prices to record levels, Venezuelan President Hugo Chávez finds in the situation an opportunity to realize his `Petro Power' socialist dream.
© 2008 IUP . All Rights Reserved
FINANCIAL MARKETS
Commodities Market : Boom or Bubble?
-- N Janardhan Rao and PS Sarath Chandra
Commodities have always witnessed boom and bust cycles, but this time a fundamental change is driving the market.
© 2008 IUP . All Rights Reserved
BOOK REVIEW
Trading Rules from the Masters : Money Making Lessons from 50 of the World's Top Experts
-- Authors: Philip Jenks and Stephen Eckert Reviewed by M Hanumantha Rao
When trading wisdom is available in this distilled and condensed form, it will be a folly for traders not to
use it.
© 2008 IUP . All Rights Reserved
MONETARY MUSINGS
Surging Forex Reserves : SWF or Investment in Domestic Infrastructure?
-- GRK Murty
With the advent of financial globalization, an argument—to be precise, a syllogism—has taken strong roots: developing nations need foreign capital to grow; but such inflows can also result in unintended consequences that can prove to be costly if the developing countries do not pursue prudent macroeconomic policies and appropriate regulations; and, therefore, developing countries must be careful in managing the inflow of foreign capital.
© 2008 IUP . All Rights Reserved
APOLITICAL
Education : Beyond Reservations
-- grk
No one else has perhaps captured the essence of a flower as pithily as Tennyson when he mused: "Little flower—but if I could understand / What you are, root and all, and all in all, / I should know what God and man is."
© 2008 IUP . All Rights Reserved
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