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JANUARY 28, 2007

COVER STORY


	Who'll Win Hutch? Its large India footprint, the lack of acquisition targets in the world's fastest growing telecom market, and the rosy prospect of grabbing majority control in India's fourth largest cellular operator make Hutch-Essar a red-hot play. BT SPECIAL: INFRASTRUCTURE Look, It's Moving! From airports to mega power projects to roads and ports, things finally seem to be moving in the infrastructure sector. Read More Powering Up Is the recent award of 8,000 MW of ultra-mega projects to private sector a thumbs up to the ongoing reforms in the sector? Read More Andhra's Infrastructure Stars What makes GMR, GVK, Lanco and Nagarjuna the hottest players in the infrastructure business? Read More Highways Of Hope After a slowdown, road projects are picking up speed in the country. Now, the 11th Plan is targeting Rs 1,80,000 crore of investment in roads. Read More

BT SPECIAL: INFRASTRUCTURE

On The
Runway

Work has begun on Mumbai
and Delhi airports, but not enough is being done to
match the boom in
aviation with airport
infrastructure.
Read More

Gaining Traction
Things are looking up
for Indian Railways, but
can it sustain its gains?
Read More

Starting The
Gravy Train
Where will money for the proposed $350 billion
investment in infrastructure
come from?
Read More


	FEATURES


	Snapping At Hero's Heels Bajaj Auto is going full throttle after market leader Hero Honda, but can it become Numero Uno? Not if Honda has its way. more...		The All New FMCG Juniors They are acquiring manufacturing facilities abroad, cracking open consumer markets outside India, and mulling more launches at their un beatable price points. FMCG's HLL wannabes have caught their second wind. more...



	Nitish Kumar's Mission Impossible Think Bihar and the image that comes to mind is one of crime, lawlessness and desolation. But the new Chief Minister is working hard to reverse the tide. And going by ground realities, the situation is actually getting better. more...		Running Out Of Cash Some of India's PSU banks are fast running out of money to lend. They account for two-thirds of all banking in the country, any resultant credit squeeze could hurt the economy. more...




	REPORTER'S DIARY The Leader And The Damned BT's Ritwik Mukherjee spent a day tracking Mamata Banerjee's fast. Here's a first person account of what he saw. more...






	from India
	from outside India








Taxing Times The phase-out of central sales tax is yet another move towards ushering in the national goods and services tax (GST). The compensation to the states, in lieu of CST phase-out, will include revenue proceeds from 33 services currently being taxed by the Centre as well as 44 new services of an intra-state nature that will be traded by the states. However, VAT is the way forward, though much needs to be done to iron out the anomalies in the current VAT regime. More Net Specials

India, Ahoy! Indian investments overseas are growing and how. For instance, total Indian investment in Latin America and the Caribbean has topped $3 billion (Rs 13,500 crore) so far. The latest investment is by ONGC Videsh, which acquired an oilfield in Colombia for $425 million (Rs 1,912.5 crore). Earlier, ONGC bought an offshore oilfield in Brazil for $410 million (Rs 1,845 crore).

Japan Calling This is the age of Asian dominance, and fittingly, two Asian giants, India and Japan, are embracing each other for mutual advantage. The recent visit of Prime Minister Manmohan Singh to Japan has highlighted the fact that Japan is now, more than ever, eager to enhance and upgrade commercial ties with India. An analysis of the trade basket.

Inclusive Growth To achieve a 10 per cent growth rate, and sustain that over time, the Eleventh Five Year Plan will emphasise investments in agriculture. Agricultural GDP has been growing (limping?) along at 2 per cent since 1996. A new strategy, including one for a second Green Revolution, is urgently needed to take India to the next level of development. An analysis.





	MONEY		JOBS TODAY


	Readying For A Sprint Mid-caps lagged the market last year, but this year promises to be better. Here's how and where to find the opportunities. more...		Buoyancy Continues The second BT-TeamLease Employment Outlook Survey shows that the bullishness recorded in the previous quarter still pervades the corridors of India Inc. That should translate into a windfall for job seekers. more...

	BOOKEND		BACK OF THE BOOK


	Modern-day Messiah A billionaire speculator-cum-philanthropist's retake on what ails the world and how to fix it. more...		Massages For All Occasions Our intrepid correspondents review four most popular massages and bring you the verdict. more...
	PEOPLE		COLUMNS


	People MphasiS BFL's Jerry Rao; TrIdea's Subir Raha; Future Group's Santosh Desai; Investment banker Prashant Singh; Indian Finance Minister P. Chidambaram; Samir Modi, Executive Director, Godfrey Phillips. more...		Leadership Spotlight Kushal Pal Singh Chairman, DLF


	TRENDS		CURRENT


	The Start-up Bug The crore-plus salary is old hat at the IIMs. The latest, incipient, trend: turn entrepreneur. more... Belt Up For Higher Bank Deposit Rates Last month saw most banks raise their benchmark prime lending rates (PLRs) by 50 basis points following a surprise and similar quantum of hike in the Cash Reserve Ratio (CRR) by the Reserve Bank of India (RBI). And as the cost of funds for banks rose, so did the cost of loans for the banks' customers. more... Top Of Mind Focus on cheaper DVDs and VCDs; and CBDT's tax surveys to catch evaders. more... Newsmaker This fortnight's hero is Kim Kwang Ro, who is moving to Bangkok as head of LG's Asia Pacific and Australia operations. more...		Hard-nosed Haggling Is Videocon's discounted bid for Daewoo Electronics justified? more... In The Right Zone Anand Jain is Mukesh Ambani's SEZ man. more... Refined Perceptions Essar's refinery begins to hum, finally. more... Bull In The KPO Shop Rakesh Jhunjhunwala is funding a start-up. more... Shopping For Stores The A.V. Birla group kicks off its retail game plan. more... Dark Cloud Ahead Q3 results for the IT services sector will be subdued. more... Transmitting Value Bharti is in talks to offload a stake in its towers business. more... The Long-haul Rider Hero Honda creates the most wealth over 10 years. more... Old Drugs In New Bottles Should pharma MNCs be allowed to patent innovations? more... Taking On Nokia Sony Ericsson wants to be a strong #2 in mobile handsets. more... Context Is King On the internet, user behaviour matters more than content. more... Where Angels Love To Tread Corporate honchos get together to sniff start-ups. Déjà vu? more... "We're Always Looking For Acquisitions" Recently Robert E. Lerwill, CEO, The Aegis Group, a global marketing services giant, was on a whistle-stop India visit, when BT's Deepti Khanna Bose caught up with him to know more about the group's much-publicised split with Percept and plans for India in 2007. more... J&J's India Prescription The R&D talent in India excites the pharma giant. more... Land Of Plenty How much is Indiabulls Real Estate really worth? more... Search And Research Yahoo to set up a lab in India focussing on next-gen tech. more...


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