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MAY 20, 2007

COVER STORY


	TCS' Next Big Leap With $4 billion in revenues, Tata Consultancy Services is already a third larger than its closest Indian competitor. But that's not good enough for India's oldest IT services company. It now wants to position itself among the global top three, alongside Accenture and IBM. Come for Cost, Stay for Innovation Thus far, multinational IT companies have been drawn to India for its low-cost advantages. But now they are beginning to discover, and exploit, some high-end skills. Read More BT SPECIAL: AGRICULTURE Seeds of Hope In its bid to put the cheapest and best produce on store shelves, organised retail could end up helping the Indian farmer. Read More Agriculture's Second Wind It has never been an easy relationship between corporate India and farmers. Yet, as emerging retail chains scour rural India to replenish their store shelves, this is poised to change. Read More

BT SPECIAL

Agriculture Unbound

Outdated regulations are a huge hurdle in the way of free movement of agricultural products within India. Simplifying them will help both the farmers and consumers. Read More

The Missing Chain
Absence of market access and adequate infrastructure lead to Indian farmers not getting a fair price and produce, wasted.
Read More

A Special Agricultural Zone?
M.S. Swaminathan says it's time the country set up special agricultural zones that will allow more efficient contract farming.
Read More

GM Crops: Boon or Bane?
The Supreme Court will have to take the final call on whether or not to allow genetically engineered crops into the Indian market. Read More


	FEATURES


	Heavy Metal Last fortnight the Vedanta group acquired Sesa Goa. That's just one prong of a giant game plan to become a global Goliath in aluminium, copper, and zinc. And steel. more...		Inverter Cities Crippling power shortages are driving consumers to spend more on expensive storage devices. This summer, it will only be worse, thanks to the unforgiving weather as well as the booming economic growth. What does it cost the economy and when will the situation improve? more...



	Flash Forward Spurred on by the next generation, some of Bollywood's biggest and oldest filmmakers are preparing to address a whole new set of viewers. They're spreading their wings into a whole host of new areas that range from theme parks to selling films online. more...		Consumer India 2025 Indians now have more spending power than at any time in the past. How will the country's consumer market evolve? A McKinsey study, shared exclusively with BT, says it will become the world's 5th largest by 2025. more...




	60 Minutes Peter Altabef, President & CEO, Perot Systems, speaks to BT on his company's plans to make up for lost time in India. more...		REPORTER'S DIARY Out Shopping With Paco Underhill When the world's best-known 'retail anthropologist' came to town, BT's R. Sridharan decided to tag along as he sized up a Gurgaon mall. more...






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Trillion-Dollar Club India has joined the elite club of 12 countries with GDPs in excess of a trillion dollars. The country's GDP crossed the trillion-dollar mark for the first time when the rupee appreciated to below Rs 41 against the greenback. According to a report by Swiss investment bank Credit Suisse, India's stock market capitalisation has risen to $944 billion (Rs 39,64,800 crore), which is also closing in on the trillion-dollar mark. An analysis of the Indian economy.

Minding The Monsoon The India Meteorological Department's prediction that the total rainfall in the coming monsoon season is likely to be 95 per cent of the long-period average, with an error margin of 5 per cent, is good news for agriculture. But experts say there's a need to revamp monsoon prediction so that the region-wise and timing of rainfall patterns can be forecast much earlier. A look at the credibility of monsoon models and their impact on agriculture.

Borrowing Spree India Inc.'s borrowings from overseas markets have touched a record high. They have grown more than six-fold to $3.94 billion (Rs 16,942 crore) in the first three months of this calendar year, compared to $644 million (Rs 2,769 crore) in the same period last year. The high cost of borrowing from domestic sources, due to rise in interest rates, has led companies to look beyond Indian shores. An analysis.

Trade Tangle Six key members of the World Trade Organization-the US, EU, Brazil, India, Japan and Australia-have failed to take forward the Doha round of world trade talks. The trade ministers met in New Delhi in the second week of April. In a joint statement, the countries agreed to set a new timeline for completing the talks, which they said they aim to finish by the end of this year. Here's a review of trade talks, the hurdles, and what's ahead.





	MONEY		JOBS TODAY


	A Going Global the Easy Way International funds are gunning for your wallet promising the allure of foreign assets. Should you invest in them? more...		Being A Global Manager Want to work abroad? Here's how you can scale up your skill sets to match your ambitions. more...

	BOOKEND		BACK OF THE BOOK


	Crazy After All These Years Kishore Biyani is a breath of fresh air in a corporate world littered with inheritors and preservers. Brian Carvalho. more...		Wafting Scent of Success The next time you spray Poison from Christian Dior or Eternity from Calvin Klein, remember, some key ingredients may have come from the Mysore-based NR Group. more...
	PEOPLE		COLUMNS


	People Starring NASSCOM's Kiran Karnik; Sun TV's Kalanithi Maran; Satbir Singh, Chief Creative Officer, Euro RSCG India; I-Can Investments' Anil Singhvi; Jump Associates' Dev Patnaik; and Tony D'Silva. more...		Leadership Spotlight Manoj Kohli President & CEO, Bharti Airtel


	TRENDS		CURRENT


	The Race to $10 Trillion How long will it take for Indian GDP to multiply 10 times from its current level? more... "India Inc. Must Become FCPA-Compliant" In 2006-07, foreign direct investment (FDI) into India tripled to $16 billion (Rs 67,200 crore) and nearly half (48.5 per cent) of it came from us companies. This, argues Pamela Parizek, Director, KPMG, Washington (above), is justification enough for Indian companies listed on us exchanges or doing business there, to comply with the provisions of the Foreign Corrupt Practice Act (FCPA), a US law. more... Top of Mind Focus on nanotechnology-based water filter; and Paison Ki Nilami, a first of its kind reverse auction of interest rates. more... Newsmaker This fornight's hero is V.S. Achuthanandan, who has recently approved the proposal by Dubai Internet City (DIC) to set up an IT park in Kochi. more...		TV's Distorted Picture It is Hindi news channels that reach more homes. So, why do their English rivals end up getting the premium? more... All's Well That… …Ends well? Perhaps not. TV advertisers will get more vocal. more... From PC to PC That is, from personal computers to passenger cars. more... Going Up the Country Organised retailing isn't just for urban mall crawlers. more... Much More in Store Opportunities galore at the periphery of organised retail. more... Lander Lands A niche US retailer quietly moves in. more... Baan, Born Again He now wants to be the Toyota of the IT world. more... The New Spark GM is getting serious about India— seriously. more... Toon Boom Cartoon Network could take Indian animation global. more... Merger Mania Another MNC IT services major makes an India buy. more... On a Roll The Ruias announce two steel buyouts in three days. more... Outdoor Advertising What happened in Goa, stays in Goa. more... Merchants of Pipe Dreams Can advertising ever be 1 per cent of GDP? more... At a Crossroads Should Maruti focus on market share or margins? more... Corridor of Uncertainty? ESPN-STAR sees scope for an exclusive cricket channel. more...


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