India: In KM Birla’s 20-year transformation, a mix of caution and ambition

By
Posted

When the 28-year-old landed at Bombay’s international airport 20 years ago from the US with the coffin of his industrialist father, the chips were down. Aditya Vikram Birla, who headed the then $1.6 billion industrial group that traces its roots back to 1857, had passed away at a Baltimore hospital… Read more »

Commercial banks to generate $464b retail income end-2015: Asian Banker Research survey

By

Commercial banks are expected to generate $464 billion in retail income by end of 2015, amid a growing shift away from thinning margins in corporate banking and volatile treasury income, a large scale survey conducted by the Asian Banker Research found. Driving this income in retail banking between 2015 and… Read more »


Tsinghua deal to connect Western Digital to powerful China tech set

By

A billion-dollar Chinese plan to invest in Western Digital Corp is designed to plug the U.S. data storage firm into a network of influential China tech players carefully constructed by Tsinghua University, the alma mater of President Xi Jinping. For $3.8 billion, a unit of state-owned Tsinghua Holdings Co will… Read more »


Vietnam open to reforms to speed up SOE equitisation

By

Vietnam is aggressively pushing its reforms process involving equitisation of state-owned enterprises (SOEs) and experts feel that the time may be ripe to invest in the country’s SOEs. In fact the government is open to further amend policies to make its SOE equitisation programme more attractive to investors. Vietnam had… Read more »


Startup India: Time to change the ‘nuisance’ capital gains tax

By

We, as a country, need to rethink capital gains taxes on venture capital and private equity. These ‘nuisance taxes’ are inhibiting investment and development of Indian startups, reducing foreign and domestic technology, capital inflows, job creation and hurting overall economic and government revenue growth. At the same time, India’s capital… Read more »


Co-working spaces, incubators shaping up fledgling startup ecosystem in Vietnam

By

Co-working spaces — a stimulating working environment for startups and independent professionals — are fast dotting Vietnam’s business districts mirroring the country’s rising entrepreneurial activity as also investor interest in the region. Vietnam continues to see new entrants such as Toong in Hanoi and Dreamplex (slated to launch next month in… Read more »


India: Malaysian investment scarred Ballarpur Industries, and it has done well to exit

By

At first look, it seems Ballarpur Industries Ltd (Bilt) has emerged unscathed from its troubled investment in Sabah Forest Industries Sdn Bhd Malaysia. According to Mint’s calculations, it ended up losing about $110 million on its Sabah investments, although a sharp depreciation in the rupee since the time of its… Read more »


Why India’s national encryption policy draft had to be withdrawn

By

As an Internet user, do you create a separate document with all the login details and passwords for your online accounts? Perhaps not, because that would be unsafe as any hacker can access that data with ease. Do you preserve all social media posts, emails and chat messages for 90… Read more »


Starting up and letting go are key for sustainable entrepreneurial ecosystem

By

About two years ago, while chatting with entrepreneur Phanindra Sama on the just announced acquisition of his start-up, Pilani Soft Labs which owned bus ticketing platform redBus, I asked him why he decided to sell out. By most accounts, redBus was considered one of those rare, unique technology start-ups to… Read more »


Strides Arcolab gives India business a boost by acquiring portfolio of drugs from Sun Pharma

By

Strides Arcolab Ltd’s shareholders seem to think small is beautiful. Its shares gained by 4.6% on Monday after the firm announced over the weekend that it was paying Rs 165 crore to acquire a portfolio of drugs from Sun Pharmaceutical Industries Ltd. These drugs generated a revenue of Rs 92 crore in… Read more »