| COVER STORY Global Economic Recovery  : Plausible Signs   - Amit Singh Sisodiya and Ramana Pemmaraju Just a year ago, it was hard to believe that a US-originated crisis would ever engulf the entire 
                          global economy; in the same way, it is harder now to believe that it is bottoming out so early after the 
                          worst economic crisis since the World War II.  BUSINESS ENVIRONMENT                           Credit Rating Agencies : More Oversight Needed? - N Janardhan Rao  Despite the blameworthiness of credit rating agencies, nothing much has been done by the policy 
                          makers to clean up the system.  BUSINESS ENVIRONMENT  Swine Flu Pandemic :  Imperiling Global Recovery  -  N Janardhan Rao  The eruption of swine flu in Mexico comes at an unfortunate time for the global economy which is 
                          already beset by a severe recession.  CORPORATE STRATEGY                           Savior of Sun :  Oracle's Audacious Bid - Amit Singh Sisodiya and Sudesh Gonela  Would the world's biggest business software maker's biggest bet go down in history as the best one 
                          as well?  CORPORATE STRATEGY  Wockhardt :  In Search of a Lifeline - Y Bala Bharathi and Sanjoy De  A binge of back-to-back acquisitions, along with unbridled raising of FCCBs over the last couple of 
                          years, has put Wockhardt in a tight spot, and now the company is desperately searching for a lifeline.  CORPORATE STRATEGY  ICICI Bank :  Banking on Basics -  T Jyotsna  India's largest private bank is vexed by the current economic slowdown and its new management 
                          is emphatic about a course correction to help the institution regain its form.  INTERNATIONAL ECONOMY  US Economy : Difficult Times Ahead - Kunal Kumar KunduCoH, Knowledge Service Division,
 Infosys BPO Ltd.,
 Bangalore
 The modest upturn in the stock markets and the sighting of green shoots have forced many analysts to 
                          conclude that the worst may be over for the US economy. However, available pointers indicate that the recovery is 
                          not going to be faster or smoother.  INTERNATIONAL ECONOMY  Hong Kong's Economy : Recession's Prey - Y Bala Bharathi and Sanjoy De  The free market economy of Hong Kong has been caught in a global recessionary tangle.  FINANCIAL MARKETS  STRIPS' Debut : A Welcome Move  -  T Jyotsna  Introduction of the new instrument, STRIPS is yet another effort by the RBI to draw investors to the 
                          dormant debt market.  BY INVITATION  GM Bankruptcy : A New Lease on Life - Art Wheaton Industry Education Specialist,
 Cornell University ILR School
 The bankruptcy process being imposed on GM may end up as a true blessing and ensure the rebirth of a 
                          historic company.  BY INVITATION  Reincarnated GM : Green Motors? -FOO Check-Teck Distinguished Professor of Finance,
 City University of New York,
 ASEAN Office, Singapore
 As GM has finally fallen, it is time for a diagnosis that leads to a clear strategy of what ought to be the focus, 
                          post-bankruptcy.  BY INVITATION  General Motors : What Next? - Charles B Fleetham President,
 ProjectInnovationsInc.,
 USA
 The key to understanding GM's fate rests in the notion of psychological resistance. The big question is: 
                          Will the past be a prologue to GM's future?  INDUSTRY Online Search : Dethroning Google - Amit Singh Sisodiya and Ramana Pemmaraju  It has been more than a decade since Google descended and started dominating online search in 
                          the same way as Microsoft has been lording over the operating system space. But as some old foes 
                          regroup and a slew of new challengers emerge, the BigG (as Google is also referred to) may be in for some 
                          serious competition.  CORPORATE FINANCE Debt Restructuring : On the Rise - Y Bala Bharathi and Sanjoy De  The sharp global slowdown and acute liquidity crunch have put enormous pressure on Indian 
                          companies and the number of cases referred to the Corporate Debt Restructuring (CDR) cell has increased. INTERNATIONAL FINANCE  Capital Assistance Program : Stressed Out? -  R Venkatesan Iyengar  The results of the bank stress tests conducted as part of the US administration's Capital 
                          Assistance Program have raised more questions than answers. ARTS & ARTISTS  Animal Farm : Fable and Beyond -  Nirmala PG  What happens when leaders lose 
                          sight of ideals and principles framed under revolutionary 
                          circumstances? What happens when corruption, cruelty, ignorance, greed, 
                          short-sightedness, to name a few, grip the minds of leaders and control their 
                          actions? Dystopia.  MONETARY MUSINGS  Negative Inflation :  An Unwelcome Phenomenon -  GRK Murty  Strange! One is not sure if one has to 
                          cheer or crib about India striking a negative inflation numberthe 
                          wholesale price index fell by 1.61% for the week-ended June 6, 2009, from the 
                          corresponding week of 2008, for the first time since 1978.  APOLITICAL Indian Political Scenario : Good Days Are Ahead. - grk In his first press conference after his re-election as the Prime 
                          Minister on board Air India One, Manmohan Singh 
                          revealed that "when he (L K Advani) rang up on May 16 to 
                          congratulate on the election results, he expressed regret. I 
                          also conveyed my apologies if I had hurt him." |