International Monetary Fund (IMF) has dinged China.
Displacing farmers out of their farmland is the neo-liberal economic growth model – prescribed by World-Bank so that India can throw away its agrarian economy and embrace the new world order.
It is being rumored that Infosys may buy CapGemini. Although CapGemini has a total Sales of USD 10.35 billion and Infosys sales are USD 3.1 billion, but its profits and market value are half that of the Indian company.
Some say it is too big a fish to swallow, while the past experience of Indian acquisitions show that it may be brought about. One thing that most Indian companies are not losing sight of is that this is a time when they command fantastic Market Capitalizations, despite lower sales. These times may not last long! The sooner they acquire some big fish and become a global player, the better it will be for them!
Finally.. the Indian mangoes are here.. in the US!! For all of us Indians who have had to put up with those useless, tasteless American mangoes from Krogers.. and who somehow had taken a distinct liking for the Mexican mangoes sold at Fiesta.. this will be a boon!! (post tip: Tripti)
The first consignment of Indian mangoes in 18 years, was ready for export to the United States where the fruit has been given clearance by regulators, an official statement said on Thursday.
A first shipment of 150 boxes of various mango varieties was likely to be dispatched on Friday. US authorities gave India’s Board of Radiation and Isotope Technology the green light for the shipment on Wednesday, India’s Commerce Ministry said in a statement.
The US had banned Indian mangoes on the grounds that the production method did not conform to US norms.
The ban was lifted after a recent meeting between Indian Commerce and Industries Minister Kamal Nath and US trade representative Susan Schwab. The two agreed that the mangoes would be passed through a radiation test according to US requirements.
In return, India agreed to allow the US sell Harley Davidson motorbikes in India, vehicles previously banned for failing to meet Indian emission standards.
Tata Motors is on a tear! It is not only thinking of world’s cleanest car but also world’s cheapest car to be sold under its name! And both the projects are ambitious… but as we have seen the Tatas do things.. they usually get their stuff right…
What do you think?
Tata Motors is developing a car it aims to sell for about $2,500–the cheapest, by far, ever made.
There is a lot riding on its small wheels. If the yet-to-be-named car is a success when it goes on sale next year, it would herald the emergence of Tata Motors on the global auto scene, mark the advent of India as a global center for small-car production and represent a victory for those who advocate making cheap goods for potential customers at the "bottom of the pyramid" in emerging markets.
Jalianwala Bagh Massacre was perpetrated by the British against Indians in Amritsar. According to private sources, over 1000 were shot in cold blood! Every one was aghast at the murders.
Today we are free. Sadly, last week India had its yet another "Jalianwala Bagh" moment. This time the perpetrator was the our own Government. At least 14 people were killed and 70 injured in Nandigram, about 150 km southwest of Kolkata, on Wednesday in police firing.
This is the same Government that beats its chest about it being the "champion" of the poor and against commercial interests! Why did they do it for? To beat back a protest against industrialization in West Bengal! These sick and dastardly idiotic communists in India should be put in a long camp – tough one – to teach them that India is NOT communist China.. but democratic India!! And there is a goddamn difference between the two!
This is the Indian season for acquisitions… when the Tatas could.. Mittal could.. Ranbaxy is awaiting.. then why not Reliance? So, Reliance does after the second biggest retailer in the world behind Walmart!! Reliance guys do think BIG!!
Reliance Industries is looking to buy a stake in France’s Carrefour in a move that would catapult India’s largest private sector group into the ranks of the world’s top retailers.
Reliance was looking at the possibility of buying the 13 per cent stake held by the Halley family, Carrefour’s largest shareholder, although talks had not yet been initiated, a person familiar with the situation said.
Americans are coming to India.. and not for tourism alone. Some are moving for jobs! This trend is seen to be growing over the next few years and the jobs are aplenty in India and hard to come by for some traditional areas.
Indian outsourcing has inspired comments from Jay Leno and a man who is much funnier, George Bush. It has unleashed debates and even suicides.
But for sometime now, Americans have been outsourcing themselves to India for survival. It is tough and sometimes a shocking experience.
But they are also discovering that though India churns out lakhs of graduates every year, there are jobs that Americans are unexpectedly better at.
Joining the Indian workforce from his comfy home in Virginia, Ed Cohen, 46, jumped on to the bandwagon eight months ago, as senior vice-president at Satyam Computer Services’ School of Leadership.
Cohen brought his entire family to Hyderabad where they have built a warm, happy home for themselves. Even their dog came along.
Seeing a camel for the first time, Cohen says their dog, "freaked out". Cohen has been trying to speak to Indians in Hindi only, to be answered in English.
Cohen and the other Americans who come to India see a promising monetary opportunity. Indian companies are paying Rs 20-30 lakh per year to middle-management Americans.
When one year’s salary will purchase a nice two-bedroom home in Bangalore, it seems like a lot to an American who would need four year’s pay to purchase one in the States. There are also others who see an opportunity for career advancement.
The National Association of Software and Service Companies (Nasscom) has said in its May 2006 Newsline report that the visibly large body of young Indians, "is not directly employable and needs to be transformed into ‘suitable’ offshore talent before it can be used by the country’s technology industries."
According to technology and market research company Forrester Research, "There are problems finding experienced development leaders, program managers, and domain experts."
They say that there is a feeding frenzy in India as companies scramble to find senior staff to keep the more complex projects on track.
"We know that Indians working in the US are being offered their US pay if they return to India." This situation, coupled with job erosion and career plateauing in the States, has spurred a rush of working Americans to India.
Kris Lakshmikanth, CEO of Head Hunters India, says he does not have to advertise in America. With 30 emails a month from Americans soliciting the company for work in India, his company’s presence is known through word-of-mouth.
Ok.. this is as crazy as it can possibly get! Tatas buy Corus – the Brit Steel major for .. $11.x billion. The Brits – led by their Indian Born CEO – strike back with Vodafone buying Hutch for …. $11.x billion!! Hmm interesting! When Friedman twisted Nilekani’s quote to call the world Flat.. he wasn’t joking! Stakes are getting more equitable than most of us realize! In just 3 years Indian billionaires have risen from just 2 to 28! The same can happen to a Thailand or Zambia if the educated class takes off.
Walmart is one of the greatest “corporate villains” – according to many US activists.
BEAT THE BIGGIES ON EMOTION / CONNECTION!!
It pinches on giving full compensation to its workers and also pulverizes the many small businesses in the small towns and cities of the US (and the rest of the world.. soon in India too!) Can someone compete against Walmart? Apparently you can.. but the way to do it is with focus and correct strategy.
According to my knowledge .. only two entities have successfully and spectacularly competed against Walmart – NetFlix and Target! While Walmart had to close its online/in-shop video/movie rental because it could not take on Netflix’s highly efficient supply chain process, Target consistently does better in terms of the higher income consumers – a niche, which btw, is increasing given the good run of the economy recently!! Here is some great advice distilled by Tom Peters!