January 8, 2000
INDIA & THE W.T.O.
Auto/The most dynamic industry in 1999
Passenger car, mobike segments drive the upbeat market
India now has installed capacity for 1.25 million units while the demand is for 0.65 million vehicles. Yet, new models are being planned for the New Year.
Stocks/The most monitored market in 1999
Bulls greet Y2K, catapult Sensex beyond 5K
On January 1, the BSE Sensex ended at 3060.34 points.
On December 30, it ended at 5005.80, up 1945.40 points or 63.56 per cent.
Banking/The most criticised sector in 1999
From making choices to second generation reforms
When the government announced that it would change the laws to enable bank privatisation, there was not much opposition from the unions.
Economy/The most appreciated subject in 1999
Entering the new millennium in comfort
A low level of inflation, reasonably good foreign exchange reserves, a stable rupee exchange rate, a downward trend in interest rates and satisfactory liquidity in the system buoyed the sentiment through the year.
The Rediff Business Special//Millennium Features
'India is unstoppable in the new millennium'
"India has a vibrant democracy, a high number of technically educated people, an industrial base that is ready to take off, a strategic location. It is poised to take on the world. I recommend it with pride to all global companies," says Osamu Suzuki, president and CEO, Suzuki Motors.
Age-old khadi seeks to withstand MNC products
The khadi-makers are ready for competition and expect govenment help because "the rural-based industry generates employment which the MNCs do not".
Fads and fancies of the 21st century investor
A boom in smokestack, core-sector, infrastructure and healthcare services is imminent.
CMIE study rates Reliance as millennium's top Indian corporate
The group has a base of 5 million investors for whom it created wealth exceeding Rs 330 billion. Unlike the newest stock-market favourites whose majority equity is held by a few promoter-shareholders, Reliance has led the effort at democratisation of capital, the company said.
Blitz for a Brew
Darjeeling tea is the world's tastiest stimulant. But for decades, bad economics, piracy and financials crippled the industry. It has decided to bounce back into reckoning in the new millennium. On the anvil is a well-planned publicity campaign.
The Future is Here!
At the dawn of the new millennium, India shrugs off old systems, gets set for Internet trading of stocks.
'Dhirubhai Ambani became a role model for every teenager wanting to become big in business'
Gita Piramal, author of Business Maharajas, on India's top ten
Virtual advertising is new reality, say gurus
Good governance = grand globalisation
Ronnie Chan of Hang Lung Development of Hong Kong, Rahul Bajaj of Bajaj Auto and Jamshyd Godrej of Godrej & Boyce discuss corporate governance in the new millennium.
'Globalisation is like infatuation'
Swadeshi Jagaran Manch ideologue
S Gurumurthy on the ten economic errors that cost Independent India its future.
From barter to smart-cards, currency systems survived ages
Currencies are no longer a mere medium of trade, they are mental and financial support systems to man.