They say 'money can't buy you happiness,' but a new study has proved the opposite. Researchers at Wharton Business School have carried out the study and found that inhabitants of richer nations are happier than those of poorer countries, the Financial Times has reported. Their finding contradicts years of wisdom that higher national gross domestic product often did not translate into a greater overall sense of well-being.
Engaging India is an online column analysing the issues, trends and forces behind the business and politics shaping India and its impact on the world. Engaging India appears on Thursday mornings exclusively on FT.com India, a dedicated online section on India, and is written by Jo Johnson, the Financial Times' South Asia bureau chief; Amy Yee, New Delhi correspondent; and Joe Leahy, Mumbai correspondent.
Anil Ambani, whose flagship company Reliance Communications is in talks with South Africa-based MTN, is looking to buy more than 40 per cent stake in the telecom major, a media report said on Tuesday.
Britain's new points-based immigration system may become a 'retrograde step' as it prevents India and other developing countries from exporting information technology systems and personnels to the country, Commerce Minister Kamal Nath has said. "The new regime can make it harder for software and other IT executives to travel back and forth between India and the UK, imperiling their ability to fulfill service contracts," Nath told the Financial Times.
The Financial Times reported that Ambani hopes to be a major shareholder in RCom and MTN after the firms combine in a reverse takeover. Ambani would pay an extra $4 to $5 billion in cash to bring his stake in MTN to his target level of 34.9 per cent, the ceiling beyond which he would be forced to make a general offer for MTN, the newspaper said in an article published in its online edition.
Dean of ISB, M Rammohan Rao on ISB's new programmes, their unique selling proposition, placement programme, their recently launched pre-doctoral programme and dearth of quality faculty crunch faced by Indian management schools.
Mark Tully on the India he loves.
The company may employ more than 60,000 people, but Mr Gates's intellectually combative nature still defines its corporate culture and he remains the figurehead for its armies of software developers.
For years, the true nerds of Silicon Valley have obsessed about Bill Gates. They damned Microsoft as an evil empire and proclaimed Gates its Darth Vader. His products? Technically inferior and chronically behind schedule. His company? An evil monopoly bent on world domination and the suppression of truly great software.
A body representing more than 1,000 entrepreneurs and executives from India and Pakistan has warned Alistair Darling, the chancellor, that his proposals for a tax crackdown on non-domiciled UK residents will lead to a much greater exodus from Britain than anticipated.
The Tata Group had acquired its UK steel operations as part of a 6.7 billion pounds acquisition from Anglo-Dutch steelmaker Corus in 2009.
Companies are going to realise that employees do not have just financial needs. They have spiritual, health and financial needs. They have long-term needs. People always want to be valued and respected for what they like to do.
Google's comments echo figures released recently by AT&T and O2, which carry the iPhone exclusively in the US and UK respectively.
Bharti Airtelis looking to buy assets in emerging markets - the latest sign that India 's biggest mobile phone operator could broaden its base. One would see Bharti, which has a market value of $44bn, make a partial tender offer for a 51 per cent stake in MTN. This would allow MTN to retain its listing in Johannesburg and reduce the debt Bharti would need to take on to finance a deal.
It is Aditya Mittal, son of steel tycoon Lakshmi Mittal and CFO of ArcelorMittal, who persuaded his father to accept a shareholding of below 51 per cent in the company post its takeover of European giant Arcelor. Before Arcelor takeover, Mittal family held an 88 per cent stake in Mittal Steel. Aditya, who visited a steel plant first at the age of eight, joined his father in early 1997, after working for less than a year as an investment banker at CSFB.
The changes afoot in the capital may herald the beginning of the end of India's long infrastructural nightmare.
School of Business (ISB) has been ranked number 20 in the global B-school rankings released today by Financial Times, London.
When Anil Ambani, the billionaire businessman, launched the initial public offering of his company, Reliance Power, this week, he received enough orders to cover the $3bn listing within one minute of its opening.
With the murder of Benazir Bhutto just days before the elections, and with the government coming up with new stories everyday about her death, the report says that Musharaff's position is probably now more insecure and he might not remain in power by the end of the year.
The Mumbai traffic police, in a move that runs against the very culture of driving in this city of 18m, have begun cracking down on noisy motorists.
In an interview with the Financial Times last week, Jos Luis Duran, Carrefour's chief executive, said he was poised to sign a retail joint venture in India.
Bharti Airtel, India 's leading mobile operator, said it could "move pretty quickly" if the board of MTN, the South Africa-based telecoms group, puts itself up for sale on Monday.
Jim Rogers, expert financial consultant, predicts a US recession in the near future and advises sound investment in agriculture.
The way forward is management innovation: new ways of mobilising talent, allocating resources and building strategies.
What a weaker dollar really does is to encourage American and international investors to invest in non-American markets. The more the dollar drops, the more global equities rise. Many Asian currencies are hitting record highs against the dollar.
He added that Suzuki could not build a car for the same price as the Nano without sacrificing quality and standards.
Not wanting to alienate other suitors including Mahindras, Ford may wait till the new year to announce the winner for its Jaguar and Land Rover brands, although Indian conglomerate Tatas have emerged as the top choice, media reports said in London on Friday. "Tata Motors is set to be chosen by Ford as the preferred bidder for Jaguar and Land Rover as early as Friday," a report in Financial Times said quoting people close to the situation.
A World Bank report released last week projected that remittances to developing countries alone will reach $240bn this year compared to $221bn in 2006, with Asia receiving $114bn.
India continues to be an attractive foreign direct investment destination to foreign investors despite controversies over special economic zones, a global investments expert said in New Delhi.
At the social level, why can't someone come up with an innovation to resolve the potable water or power crisis in the country?
We go down memory lane look at the iconic moments from late Franca Sozzani's career.
But other allegations against Jain, Deutsche Bank still being evaluated by the regulator
AT&T has applied for a mobile licence in India in partnership with Mahindra Telecommunications, a local telecoms company, and Mr de la Vega said it was hoping to acquire spectrum for its wireless services.
Cairn India, which is 69 per cent owned by London-listed Cairn Energy, is very close to securing the vital approval it needs to begin work on the pipeline to transport the oil from its vast Rajasthan oil fields, the Indian government has said.
"The toughest part was continuing to believe that we could do it," Tata told journalists covering the Auto Expo in New Delhi, where he unveiled the lowest-priced car in the world. He added that "a promise is a promise", hinting at the ability of his company to deliver even in the face of brutal scepticism.
India's Commerce and Industry Minister Kamal Nath has been honoured as global 'FDI Personality of the Year 2007' by a Financial Times Group publication.
For the past few years the top brass at Pearson did pretty well to grapple with the threat of digital disruption.
Tony Blair will be US investment bank JPMorgan's part time political advisor.
David Miliband, new British foreign secretary, told the Financial Times he is keen to improve ties with India.
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