Yes, India needs desperate measures to kick-start growth. But selling off its lungs to the highest bidder to hack away cannot be the way out, says Sumit Bhattacharya.
Amit Jain tells Shyamal Majumdar about his dream to make Uber the 'safest place in the city'
Gupta is scheduled to be released from prison in March, 2016.
According to a survey conducted by global consultancy firm McKinsey, 48 per cent of the executives from across the world pointed out climate change as the single biggest concern that would affect the shareholder value over the next five years. In a similar survey conducted in 2005, the executives had termed job losses from offshoring as biggest socio-political issue and environment issue stood at third place.
"I must admit that given the nature of competitive politics and the very fractured mandates given to governments, it has become difficult sometimes for us to do what is manifestly obvious," he said, addressing a meeting of McKinsey Board in India.
Cisco, a global major in networking for the Internet, is aggressively looking at the Indian automotive sector, as it opens up to exponential growth and challenges from global auto markets.
Data collected from the Registrar of Companies, or RoC, show that The Firm, as McKinsey is reverentially referred to, has been making steady losses in India since 2004-2005, except in 2006-07. It ended 2007-08 with a loss of Rs 2.26 crore, which was a lot better than the figure in some of the earlier years.
Indian software export revenue is likely to grow at 25 per cent year-on-year till 2010 to touch $60 billion, according to Nassocm-Mckinsey report 2005.
While overall employment rose from 456 mn to 463 mn between FY11 and FY15, with farm employment falling by 26 mn over the same period, the net addition to employment over the entire four year period was a mere 7 mn.
Another Indian School of Business (ISB) is taking shape. Rajat Gupta, the former CEO of McKinsey & Company and now a senior partner in the professional services firm, along with his team is planning to set up a second ISB, this time in the North. The existing ISB in Hyderabad was Gupta's brainchild and is among India's most coveted business schools. It is spread over 260 acres of land and was set up in December 1999 at a cost of around Rs 100 crore (Rs 1 billion).
Marquee recruiters made premium offers, with consulting leading the pack by making 25.04% of the offers, followed by IT/ITeS (18.59%), e-commerce (10.55%) and BFSI (10.13%).
Those in India remain the world's most confident executives while outperforming the global average by a decent ten points, McKinsey said.
Apart from fulfilling banking services, one can access more than 100 e-commerce sites, book tickets, and even pay for small value groceries through the app. The bank is now proposing to allow other banks to use this to serve their own customers.
They combine financial protection and health and lifestyle management support for non-communicable diseases such as hypertension, diabetes, heart disease, cancers and tumours.
Asian consumers look at brands from the West is different from the way the West looks at its own brands.
Nasscom chief Kiran Karnik said: 'I am not saying you throw open education, but we need to liberate higher professional education from constraints.'
The head of the global merger management practice at McKinsey & Company, Clay Deutsch, takes us behind the scenes of some of India's biggest deals and tells you why deals succeed or fail, because 70% of all deals fail.
'The magic lies in you and the effort that you will put in.' You have to work hard and smart, says Gaurav Sood.
As IT majors face a decline in their legacy business, they are realigning their sales strategies to push up revenues from newer technologies.
Medical tourism can contribute Rs 5,000-10,000 crore (Rs 50-100 billion) additional revenue to upmarket tertiary hospitals by 2012, according to the CII-McKinsey study on healthcare.
India faces huge shortage of software product developers who can think "out-of-the-box" ideas and concepts but the educational institutes are churning out engineers suited mainly for the IT services market, industry officials say.
The memoir tells the story of his meteoric rise and equally dramatic fall.
BS Annual Awards 2014: Power-packed jury picks the best 7 of corporate India
Can Nestle go beyond Maggi? While recovery in the March quarter has been led by the popular noodle brand, the company hopes for a different revenue mix in five years.
Has Make in India's mascot, the metal lion, begun to rust?
It said while Indian IT services companies were the "disruptors" and had created the modern offshoring industry, they are now incumbents, challenged by a host of specialised and niche start-ups that have emerged in the new digital environment.
Women are opting out of high-flying career due to family responsibilities, says a study.
Physical security for women, the first step towards getting them into factories and offices, is all but absent in most Indian cities, notes Kanika Datta.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
Industrial Finance Corporation of India on Thursday said it has offered 9 per cent interest to the Employees Provident Fund Organisation and other retirement funds though it was much higher than the present market rate.
Rajeev Chandrasekhar discusses five issues pivotal for the success of Digital India
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