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B U S I N E S S T O D A Y |
Toyota Revs Up
Barely two years after it entered the Indian
market with a winning multi-utility vehicle, the Japanese auto giant is
talking of producing a million vehicles by 2010 and dominating a third of
the car market in India. On the cards: a slew of launches, including a new
sub-compact that is expected to rake in the numbers. A BT exclusive.
The
New UTI
Two months after he took
over the embattled mutual fund behemoth, chairman M. Damodaran is beefing
up internal systems and making UTI more customer friendly. But with just a
year to go in the top job, he’s fast running out of time.
Just
Desserts
Fierce competition and
unprecedented pressure on the bottomline are taking their toll on CEO pay
packets. Increasingly, performance will drive pay, reveals BT's CEO Salary
survey.
60
Minutes: Ray Stata
Five years after he
stepped down as the CEO of the company he founded, Ray Stata of Analog
Devices is continuing to find new things to do, including some in India.
AIR's
New Aria
Saddled with a bloated
workforce, falling revenues, and a dwindling listenership, the national
broadcaster is now battling to take on nimble new competition. Will it
win?
Out
Of The Box
The Indian postal
department hopes to wipe out its huge losses in the next five years by
offering consumers a host of technology- backed value-added services. But
changing the organisational mindset won’t be easy.
Who
Wants To Be A Millionaire?
Equities are battered.
Precisely the reason why you should be out bargain hunting.
Bailing
Out Rich
Uncertain times and scarce
top-management talent bring ‘‘golden parachutes’’ to corporate
India.
The
New Board Room
Why pool tables are replacing
water coolers as the corporate watering hole.
Plus: Treadmill
Jewels
Of India Inc.
For corporates, the past
year has been anything but easy. First, the internet bubble continued to
burst, taking down with it telecom and software stocks. Then, old economy
companies—slammed by poor consumer demand—found themselves staring
into the abyss of a recession. The result: The BT 500’s top 10 companies
lost a staggering Rs 40,000 crore in market value over 1999-2000. Was
shareholder value lost? No doubt. Will shareholder value be regained? No
doubt, again.
The BT-500 Methodology
It’s no rocket science,
but pure (and lots of) number crunching. So, we let our able partner in
the project, CMIE, do that, while BT’s reporters focused on helping you
make sense of the numbers.
The BT-500 In Picture
A snapshot of the top
losers and gainers, sectoral stars, multinational fortunes, and how value
multiples differ across the spectrum. Plus, stock valuations that beat us,
and how the BT-500 top 10 fared in the first half of 2001-02. You’ll be
surprised.
The BT-500 List
Here’s a feast for the
numbers hungry. The complete BT-500 companies, including everything that
you wanted to know about your stock—its rankings sliced every which way—but
didn’t know who to ask.
India's Most Valuable
Companies 1 to 100
India's Most Valuable Companies 101 to 200
India's Most Valuable Companies 201 to 300
India's Most Valuable Companies 301 to 400
India's Most Valuable Companies 401 to 500
 (Note:
These are PDF files. You need to have Adobe Acrobat Reader to view them.
If you don't have one, download
it now.)
Amul's:
Ambitious Avatar
Gujarat Co-operative Milk
Marketing Federation, better known as Amul, wants to whip its
transnational competitors across a range of milk-based products. And it is
counting on its time-tested marketing strategem of low pricing to do the
trick. But can a co-operative of farmers overwhelm the might of
multinational marketing machines?
Eerie
Calm@e-ventures
Mumbai’s hi-profile
venture capital firm, e-ventures, sacks staff in the wake of an investment
squeeze. Are the curtains coming down at the embattled firm? More
importantly, could this be the beginning of a shakeout in the VC business?
Moksha
For Money
As an anxious and
over-worked generation searches for salvation, the purveyors of moksha hit
the big times. Call it Reiki, Pranic Healing, or Feng Shui, the bottomline
is the same: it's moksha over the counter for (are you surprised?) money.
Dial
M(cKinsey) For Growth
He didn’t, but just
imagine if Prime Minister Atal Bihari Vajpayee and his team had sat
through McKinsey’s ‘‘13 Steps To 10 Per Cent Growth’’
presentation. We did (imagine, that is) and came up with an interesting
story.
Sectors
In Retrospect
Before IT and biotech,
there were the dream industries of granite, aquaculture and floriculture.
Except that unlike IT and biotech, their dreams quickly turned into
nightmares. But as a few companies show, it is possible to survive
nightmares.
Lean
And Mean
It has just 20 employees
on its rolls, operates out of an unpretentious building in a B-grade
business district in Delhi, but, at last count, raked in Rs 1,300 crore in
annual sales. So what makes Samsung’s information and telecom company in
India the hardware powerhouse that it is? Its superlative information
technology systems.
60
Minutes: Suresh Prabhu
Although he has just
tabled the Electricity Bill, Union Minister of Power, Suresh Prabhu, doesn’t
think that legislations alone can set right the mess in the power sector.
The trick, he explains, lies in hammering the distribution system into
shape.
Freud
And Your Portfolio
Understanding the psychology of error-free
investing.
Don't
Be A Debt Junkie
Addicted to debt funds’ stellar
returns? Caution: downturn ahead.
Mobike Wars: Bajaj Vs Hero
Honda
Mobike market leader Hero
Honda is troubled by old models and possible conflicts with partner Honda,
which is set to storm the Indian mobike market by 2004. Number 2 Bajaj
Auto, armed with a war-chest of Rs 2,500 crore, won’t find a better time
to strike.
Interview:
Arun Jaitley
Minister for law, justice,
and company affairs, Arun Jaitley is a busy man these days. Parliament has
cleared crucial economic legislations like the Competition Bill and the
Company (Amendment) Bill. In an interview to BT, he talks about a few of
these legislations.
Water
Wars
Old cola-rivals Coke and
Pepsi are discovering there is more money in water than coloured water.
Things are warming up in the Rs 1,000-crore bottled-drinking-water market
and competitors, including Parle’s Ramesh Chauhan, face the threat of a
whitewash.
Insurance:
Marketing Jamboree
The insurance sector isn’t
seeing a slugfest yet. And private firms aren’t reaching out to
customers very effectively.
Keeping
Head-Hunting Pests At Bay!
Call it the antithesis of
the great job slump. Companies may be getting rid of dead-wood, but they
are as keen as ever to protect their best employees.
They
Also Make TV Ads
There may be no finesse in
their ads, but Mom-and-Pop agencies, catering to M-and-P brands form a Rs
500-900 crore industry that’s the lifeline for regional channels.
60
Minutes: John Philip Jones
Advertising consultant and
Professor of Public Communications, Syracuse University, New York, John
Philip Jones believes any advertising that does not deliver sales in the
first seven days is ineffectual. In a chat with BT, he exhorts Indian ads
to go for more ‘‘motivating arguments’’.
Life
Beyond Software
As the new economy
matures, a host of emerging technologies and market niches begins to
crystallise, firing the imagination of India’s software bottom-feeders.
Smoke
Alarm
Contraband
cigarettes burn holes in the pockets of the domestic industry.
Super
Clinic Inc.
Patients
will be treated as customers with some companies hoping to revolutionise
the Rs 60,000-crore private healthcare market. They are setting up a chain
of neighbourhood health clinics that will provide quality medical care.
Modern
Culture
Modern Foods is fighting
its worst legacy, the PSU work culture.
Free
At Last
Removal of quantitative restrictions on all imports
will transform the market.
Vroom
Service
The four-stroke motorcycle overtakes the middle-class
India's greatest icon since the valve radio set, as sales of the
doughty old vehicle stagnate in spite of a spirited fightback.
Nothing
Official About It
Unlike
payment crisis, clandestine financing ticks like a time bomb.
Crisis
Of Confidence
The
panic continues, underlying the fear of SEBI's will to regulate.
Revenge
Of the Bears
The sudden fall in share-prices points to yet
another rigging controversy and raises questions about the efficacy and
credibility
of SEBI as a regulator.
Time
To Say Cheese
A favourite among the teeming foodies, the pizza has grown into a Rs 150-crore
business, doubling every two years.
Upwardly
Mobile
Spurred by Hutchison Whampoa, the big players go on an acquisition spree.
Their slug fest is ringing in an era of lower costs and will lead to declining
tariffs for consumers.
The
Big Fight
Even though the Government can raise up to Rs 50,000 crore
by disinvesting in PSUs, it is not actually biting the bullet. The inside
story of what's stalling the Government's plans.
Locking
Horns
Encouraged by the rising demand for dairy products, a host
of companies is fighting for a slice of the Rs.36,000 crore market.
A Bigger Band
By widening the daily variation limit of share prices to 16 per cent,
SEBI has given the market more liquidity.
Down
to Earth
The reduction in interest rates has made hire purchase easier and
inexpensive than actual buying.
Net Gains
Internet Service Providers are locked in an intense price war making
web access cheaper and affordable.
Silicon Hardshell
Karnataka chief minister S.M.Krishna brings back investors by assigning
key areas to technocrats.
Emperor Dethroned
As ITDC posts its maiden loss in 34 years, the Government accelerates
its plans to disinvest in the PSU. But it may face stiff resistance from
the unions of India's largest hospitality chain that runs the 26 Ashok
hotels.
Mills and Boom
Mumbai's textile mill owners are finding ways of turning 280 acres
of industrial wasteland into a Rs 1,000-crore gold mine.
Bottom Line Bonanza
The petrochemical giant stuns the market with a net profit of Rs 2,403
crore, the highest by a private company in India.
The Click-clack On
Companies are rushing to get listed on the hi-tech bourse to raise
foreign capital. And their profile.
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