Rau's felt the need to be where the action was.
The institute that once drew largely elite students also decided to expand its base and cater to a wider pool.
According to a report by financial and business research firm Evalueserve, there will be pressure on the Rupee unless steps are taken to fix certain structural issues like high current account deficit and dwindling investments.
Global and domestic manufacturers woo consumers with low-priced, feature-rich handsets.
It is quite possible if India's growth story is intact.
An Evalueserve study says that globally, the revenue from this sector is likely to grow from Rs 1,000 crore (Rs 10 billion) in 2006-07 to over Rs 8,000 crore (Rs 80 billion) by 2015.
Apart from a five per cent share of the Indian pharmaceutical market, the purchase of Ranbaxy will take Daiichi Sankyo way ahead of others in the race among Indian companies for patent-protected drugs. A recent paper on 'Patenting Landscape in India' by Evalueserve shows that Ranbaxy alone accounts for over 23 per cent of the total medicine patent applications filed by major domestic companies in India.
Faced with growing competition from global automotive companies, domestic auto-makers are furiously patenting their technology as a way of defending themselves against the competition.
The story suggests further that besides telephony, the search giant could be targeting video games, TV and mobile e-commerce in its expansion plans, with the gPhone as the device providing the thrust into these areas of business.
Person-to-person outsourcing gains currency with small offices and individuals.
According to a study by research firm Evalueserve, currently there are more than 366 PE firms operating in India while another 69 are planning to start their operations soon. However, it must be noted that such investments had come down drastically during 2001-03 due to dotcom bubble burst.
With global investors buying into the India growth story, the size of private equity deals in the country has doubled in the last two years.
The Indian business process outsourcing and knowledge process outsourcing industry is likely to witness as many as 100 mergers and acquisitions worth $3-5 billion from 2006 to 2010.
The placement season has brought in positive cheer for students at the IIT Kharagpur this year.
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