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COVER STORY
Sensex : Sustaining the Momentum
- Amit Singh Sisodiya and Ramana Pemmaraju
The phenomenal rise in Sensex in the just concluded financial year raises expectations of another
remarkable performance this year as well, with some die-hard equity bulls predicting it to even touch the magical
21,000 mark. Sounds far-fetched? Maybe really not, as bulls pin hope on solid corporate earnings in Q4 2010
and sustained economic recovery. However, factors such as hardening interest rates, a stubborn inflation
and sovereign debt crisis à la Greece can play spoilsport. Besides, valuations, which look a bit overstretched,
too may put a spanner in the further march of the bulls.
BUSINESS ENVIRONMENT
The Role of PPP in Generating Rural Jobs : A New Paradigm Required
- Kiran Nanda
Advisor/Director, IMC ERTF,
Indian Merchants' Chamber,
Mumbai
India can create more job opportunities through PPP model catering to rural healthcare.
BUSINESS ENVIRONMENT
Indian Exports : Signs of Recovery
- Arvind Kumar Mishra & Pallavi
India's exports growth in recent months suggests that economic recovery could be faster from
now onwards and the increase in overseas demands may add to the buoyancy in the Indian economy.
BUSINESS ENVIRONMENT
Indian Economy : On Strong Footing
- N Janardhan Rao
Policy makers spoke passionately about breaking the barrier of double-digit growth before the global
financial crisis. Amidst improving economic scenario, they are again doing so, in spite of the adverse
external environment and growing concerns about inflation. Now the task is to push through the reforms needed
to sustain rapid and inclusive growth.
BUSINESS ENVIRONMENT
Remaking US Healthcare : A Costly Reform!
- Y Bala Bharathi and Sanjoy De
In a landmark change, the US has passed a bill which is likely to completely overhaul the country's
healthcare system. But the legislation has its share of downside too.
BUSINESS ENVIRONMENT
Sustaining China's Growth : The Role of Branding
- Donald E Sexton
Professor of Marketing,
Columbia University
Much discussion has focused on the economic and financial issues related to the continued growth
of China. Of equal importance are the marketing and branding issues. How Chinese managers develop
and implement their marketing and branding strategies has enormous implications for the future growth
of Chinese organizations.
FINANCIAL SERVICES
Overhauling the Base Rate System : Need of the Hour
- S S N Murthy & Jayasree Menon
The overhaul of the existing lending rate practice is the need of the hour and the system would adjust to
the new regime over a period of time.
FINANCIAL SERVICES
New Banking License : A Tightrope Walk
- Sanjoy De
Though the government has hinted that more banking licenses will be issued to private players,
the transformation will never be a cakewalk for the banking aspirants.
ROUND TABLE
Round Table : Revival of Yuan-Dollar Duel
Round Table arranged by Amit Singh Sisodiya and Ramana Pemmaraju
As its fiscal deficits continue to balloon and challenge the revival of the economy, which is battered by
the worst recession since the Great Depression of the 1930s, Washington DC is in no mood to soften its
stand on a quick and meaningful devaluation of yuan by Beijing in a determined effort to shore up
exports, though the latter has so far not shown any signs to oblige. With two of the world's powerful
economies unwilling to budge from their respective stands, the tension is only escalating, as the rest of the
world watches with bated breath and looks to an early end to the Yuan-Dollar duel. Could China soften its
stand? What would be the possible scenario in case China allows yuan to strengthen against the dollar? What
are the options before the US? To find answers to these questions and many more, The Analyst invited eminent experts like David Wyss, Chief Economist, Standard & Poor's, DAR Wong, CEO & Principal
Consultant, PWForex.com, and Lynn E Dellenbarger, Assistant Professor, Dellenbarger & Associates, to share
their thoughts on the issue.
EMERGING MARKETS
Pharmerging Markets : Global Pharma's New Savior
- Rajesh Jain
Jt. Managing Director,
Panacea Biotec Ltd.,
India
With the seven pharmerging markets all set to change the landscape of the pharmaceutical industry globally,
the Indian pharma companies would do well to rediscover and reposition themselves to tap the opportunities.
FINANCIAL MARKETS
Indian FCCB Market : Opportunities Limited?
- Prashant Sawant
KNG Securities LLP,
London
Compared to its global peers, Indian FCCB market remains much smaller in terms of value, volume
and investor base. However, as the new rules are being written and rewritten after one of the historical
global meltdowns, Indian FCCB market is also undergoing various changes.
FINANCIAL MARKETS
Commodities ETFs and Emerging Markets : A Lethal Combination?
- William Gamble
Emerging Market Strategies,
Maryland, US
Not only are commodities markets being changed by ETFs and emerging countries, now there is
the combination of the two, which could potentially lead to some real trouble.
INDUSTRY
Indian Automotive Industry : On Fast Track
- R Venkatesan Iyengar
The Indian automotive industry, which witnessed a banner growth year in 2009-10, appears to be on the
right track to achieve the goals set out in the Automotive Mission Plan 2006-2016.
INTERNATIONAL FINANCE
The Greek Economic Crisis : A Canary in a Coal Mine
- Swaha Shome
Professor,
IBS Mumbai
Greece has come into the limelight as it is one of the eurozone members with high fiscal deficit as well as
high debt. The first warning bells have come with the Greek economic crisis, but if the fiscal sustainability of
other distressed EU nations is not immediatly checked, the EU will face a serious problem.
INTERNATIONAL FINANCE
Carry Trade : Yen's Reentry
- Y Bala Bharathi and Sanjoy De
The global financial crisis resulted in yen's replacement by dollar as the currency of choice for carry
trade. However, with the onset of the US recovery as well as with little chance of Japan raising its interest rate, it is
likely that yen carry trade will come into vogue again.
CORPORATE STRATEGY
Demergers : Staging a Comeback
- Y Bala Bharathi and G P Mrudhula
Demergers have become the order of the day in recent times, as a slew of Indian firms are taking the route in
a bid to unlock value from their businesses.
© 2010 Donald E Sexton. All Rights Reserved.
CORPORATE STRATEGY
Bharti Airtel : Roaming Overseas
- Y Bala Bharathi and G P Mrudhula
India's leading telecom behemoth, Bharti Airtel, is scouting further afield for acquisitions in emerging
markets, as its home turf becomes increasingly crowded.
ARTS & ARTISTS
Rajput Painting : Remembering Another World
- Nirmala PG
You see, it is these things of the soul that are real—the only real things in the universe.
ARTS & ARTISTS
C K Prahalad : The Guru of Management Gurus
- GRK Murty
APOLITICAL
Naxal War on the Economy?
- grk
This shows the savage nature of the Maoists—the brutal
ity and savagery they are capable of”—this is what P
Chidambaram, Union Home Minister, had to say about the
horrific killing of 76 CRPF jawans by Maoists at Dantewada
in Chhattisgarh on 6th April.
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