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  • New CEO, new HUL

    New CEO, new HUL

    Hindustan Unilever is on a roll again. That HUL has been finally able to stoke up the growth embers, improve profitability, regain market shares, and grow fledgling markets in the past three years, are significant indicators of its business success. But that doesn't make new CEO Nitin Paranjpe's mandate—to pump up HUL's mojo in highly competitive markets—any easier. Business Today's Brian Carvalho reports.
    Editors noteFrom the editor

    From the editor

    It's not as if the recent past has been bad at HUL. In fact, it is quite the opposite: profitability has improved over the past couple of years and, in many of the product categories that the foods, home and personal care marketer operates, it has been able to regain lost market shares.
    BT MoreSummer chic

    Summer chic

    Summer’s here and while we hate so many things about the season (the heat and dust and the power cuts that affect even the richest of Indians; well, after a fashion)—it’s also the time when fashion gets cooler and bright colours make an appearance everywhere, from the office to the cocktail party.

    Ode to the Oyster

    Raw or cooked, oysters are considered an aphrodisiac and are sought after and consumed from Florida to Beijing. India is finally waking up to this tempting seafood.

    The sandwich unwrapped

    Sandwiches are also very often the best quick lunch option for busy executives. Here’s a look at some great choices.

    Go Polo

    The classic polo T-shirt can really make you look smart, if you know which colours or designs suit you best.

    All together now!

    What’s the future of rock’n’roll? That’s an old question, and it remains a vital one because there are no definite answers. In this issue, we put the spotlight on two Canadian bands (or collectives), which seem to provide an interesting answer: community.

    The fastest cars in India

    If you have a passion for speed, it doesn’t get any better than this.

    A call to arms

    They are true stories of people involved in real battles and conflicts. These three books provide rare insights into the lives of courageous Indians.

    Hot off the shelves

    The season just got hotter with these brand new launches that promise to leave you begging for more.

    The long and short of it

    Shorts are great casual wear in summer. But getting the length right is as important as choosing the right colours and styles.

    What's the good style?

    Pleats or flat fronts—which one should you wear on a formal occasion?

    Flip flop flip

    They let your feet breathe and look really classy at the same time. Find out which are the hottest flip-flops to look cool in.

    Get yourself a work(out) buddy

    Work on your fitness and stay in shape with a friend who trains with you and motivates you every inch of the way.

    The best dhabas near you

    Driving to a town a few hours from your home? Chances are you will feel hungry on the way. Check out the finest dhabas that are sure to make you want to drive down the same route again.

    The finest casual trousers

    A great shirt gets lost if the trousers look sloppy or fit badly. Choose your trousers with care.

    Single Malts to die for

    India’s only ‘Malt Maniac’ Krishna Nukala on the best whiskies under Rs 4,000.

    Dark desire

    Its dark, titillates the senses and raises your spirits to new heights. Sit back and enjoy the magic of black vodka.

    Something special in Kiwiland

    The Pinot Noir, a fruit-forward (read: fruity), light-to-medium red wine (actually, the New Zealand variety is full-bodied), from both Marlborough and Central Otago, has won the hearts of critics and consumers alike.

    Weekend hideways

    Take a weekend off for a short, laidback family vacation close to the city you live in. Find out how to go and what to do in these five amazing weekend getaways, from someone who has been there to chill out.

    Stun the sun

    Beat the heat and look cool with these smart new sunglasses that make you look your best even on a hot summer day.

    Best suited for summer

    Want to look dapper at work and play? Linen jackets are what you should be seen wearing this summer.

    Cool under the collar

    Summer’s the time to try out some trendy but smart-fitting casual shirts. Go for these beauties.

    A colourful summer

    As you pack your mufflers and mittens, don’t dig for last year’s summer garments. This season calls for a new wardrobe.
    MoneyThe last minute tax guide

    The last minute tax guide

    Before the financial year ends, here is a checklist to keep your tax outgo to the minimum.

    Bollywood calling?

    A new fund seeks to invest in films, and will benchmark returns against equities.

    Funds for growth

    Many stocks have started looking attractive, particularly if you look at them as a long-term investment. As equity markets become cheaper, it’s the perfect opportunity to grab a few growth funds for the long term.

    A time to balance

    The market’s unpredictability can completely skew your asset allocation. That’s why you must rebalance your portfolio regularly.

    Enchanting gold

    Gold has been flirting with the $1,000 per troy ounce mark in the international markets. Will it continue to shine?
    CurrentTake-off troubles

    Take-off troubles

    Some in Bangalore want the old airport to stay open.

    Redefining the testimonial

    HP gets real celebrity customers to do the selling for it.

    Adobe's Computing 4.0

    The media software maker is eyeing rich web applications.

    Stepping back to win

    TVS Motor launches new products that may revive its fortune.

    A leg-up for broadband

    Tata Communications, formerly Videsh Sanchar Nigam Limited (VSNL), has joined hands with California-headquartered Telsima Corporation to roll out WiMAX services.

    Betting on a cloudy future

    A founding board member of Google is onto his next big thing.

    Road to retail

    It was an acquisition from the blue—not just because of the high price tag attached to it but also because of the profile of the buyer.

    The eagle won't land, not yet

    Hyderabad’s new airport is ready, but has yet to take off.

    Queered pitch

    Will P&G’s media review dictate Madison Communications’ fate?

    Marked by market

    Exposure to overseas credit derivatives takes a toll on Indian banks.

    Aerotropolis now

    Along with airports will come hotels, townships, theme parks.

    Phoenix rising

    The mill that sparked off Upper Worli in the ’90s is being refitted.

    Banner banter

    Online advertising may slow down in the US, not in India.

    And the Oscar goes to…

    ...An LA animation company with Mumbai operations.

    Street wear, street smart

    Modi Revlon takes on HUL by going mass in cosmetics.
    EditorialWanted: A win-win green deal

    Wanted: A win-win green deal

    US vice presidents have never really been known for the depth of their intellects. But Al Gore, former Vice President of the US, is an exception.

    Plateful of reforms

    It is ironical and somewhat paradoxical that India is amongst the top two producers for most agricommodities, despite Indian agriculture continuing to lumber along at around 2 per cent growth rates.

    The flip side of globalisation

    Never before, probably, has the sensex moved as wildly as it has in the past three months. During this short period, the bellwether index of the Indian stock market has shed more than 30 per cent off its January 10 peak of 21,206.77 (on March 17, it closed at 14,809.50).
    LettersFeedback from the readers

    Feedback from the readers

    Kudos for India’s best managed Companies (BT, March 23, 2008). The vision, virtues and values of these companies who have made it to the top of your BT-Ernst & Young study are truly admirable and worth emulating.
    TrendsThe BT 50 index

    The BT 50 index

    By 2050, the E7 emerging economies (China, India, Brazil, Mexico, Russia, Indonesia and Turkey) will be around 50 per cent larger than the current G7 (US, Japan, Germany, UK, France, Italy and Canada), according to recent report by PricewaterhouseCoopers.

    Just wondering

    Whatever happened to paging? Back in 1995, when paging services were allowed, it flourished because it was the first unbundling of telecom services.

    To be precise

    “We are a steel family and love steel more than anything. How can we give up in India when we did not give up on Arcelor despite hostility?”

    Paint it black

    The security agencies and the Department of telecom are getting agitated with the BlackBerry's encryption technology that it says poses a national security risk.

    Numbers of note

    Estimated revenues of value-added mobile services in India by 2009

    Leadership for the 21st century

    The 7th India Today Conclave brought the world’s best minds together for an exchange of ideas.

    "SOX has improved accountability"

    Former US congressman Michael G. Oxley, co-architect of the famous Sarbanes-Oxley Act 2002, which tightened corporate governance norms for US companies, was in India last fortnight in his new role as the vice-chairman of the NASDAQ Stock Market, Inc.

    Instant tip

    Will the UPA government call for early elections?

    Where is Sensex headed?

    The recent gyrations of the BSE sensex will make a yoyo look like a model of stability. On average, the swings between the day’s highs and lows have increased to 3.24 per cent, compared to 1.8 per cent in 2007. Volatility is at an all-time high; this means it’s time for caution.
    In This IssueIndia's coffee barons

    India's coffee barons

    India has traditionally been a tea drinking market. But over the last decade, coffee has made steady inroads into the popular consciousness. It is fast emerging as the beverage of choice for a larger number of the GenNext consumers, and a number of home-grown entrepreneurs is riding this trend to fame and fortune. BT's K. R. Balasubramanyam finds out.

    Rs 60,000-crore waiver for whom?

    Finance Minister P. Chidambaram’s populist scheme will not make much difference to farmers in the suicide-prone districts of Maharashtra and Andhra Pradesh. The day the FM announced the Budget, six farmer suicides were reported. Thirty-four farmer suicides were reported in the 10 days following the Budget. T.V. Mahalingam finds out why the waiver is a "giant hoax".   Loan waiver will not benefit most farmers: Left'Money for farmers will end up in party coffers'Full coverage: Budget 2008

    Coke is out of the ditch, now it needs to go faster: E. Neville Isdell

    Edward Neville Isdell, who is the 12th Chairman of Coca Cola, without doubt has the juices flowing once again at the beverages giant. Come end of June, Isdell, will be replaced by Muhtar Kent. Recently in India on a pleasure-cum-business trip, he took time out to speak with Business Today’s Sanjoy Narayan and R. Sridharan. Listen to the unabridged interview

    Expats in new India

    It was a bizarre sight by all accounts. More than 50 foreigners, expat executives to be precise, were zipping around Bangalore in autorickshaws as they tried to complete a long list of ‘tasks’—ranging from making a chain of flowers to hugging a goat. Inquisitive onlookers were told: “This is a scavenger hunt.” The hunt and more such endeavours are part of the Bangalore Expatriate Club’s idea of letting the good times roll in a foreign land.

    UB under attack

    In the beer freezer, several imported brands jostle for space with the locally-produced ones. And it is the newer brands, particularly Danish brand Carlsberg, which are flying off the shelves. With global beer brands making a strong pitch in India, the longstanding domination of Vijay Mallya’s UB Group is under serious threat. BT's Kushan Mitra reports.
    Leadership SpotlightThe alchemist

    The alchemist

    Nicholas Piramal India (NPIL), one of India’s leading pharmaceutical companies, is going through a major makeover.
    PeopleThe people who matter

    The people who matter

    He closely follows football, loves to read and is taking his baby steps towards becoming a collector of Discworld memorabilia. Ambareesh Murty, an alumnus of Delhi College of Engineering and IIM Calcutta, replaces Rajan Mehra as Country Manager of eBay India. Mehra is moving out to pursue an entrepreneurial role in venture capital space.
    SpecialMoney to feed

    Money to feed

    Investments are flowing into the food and agri-business sector. Good news: this is just the beginning.

    Seeds of change

    The cotton farmers in India have some cause to celebrate. India has overtaken the US as the second-largest producer of cotton, and is also now the third-largest exporter of cotton.

    The truth about dearer food

    Global food prices are on a boil as biofuels and freak weather play havoc with the demand-supply equation. Food prices in India too have been inching upwards. How vulnerable are we to food price shocks? 
    Policy WatchTalebearer

    Talebearer

    Finance Minister P. Chidambaram had recently conceded that there is a case for reducing interest rates to boost consumption expenditure. In particular, he noted, there is public demand that interest rates on housing loans be lowered.

    Target, soft loans for exporters

    Encouraged by the export figures for 2007-08, despite an appreciating rupee, the government is targeting an ambitious exports target for 2008-09.

    BlackBerry services under scrutiny

    BlackBerry services are now being monitored by intelligence and security agencies. This was revealed when Tata Teleservices claimed that it was refused permission by the Home Ministry to launch these services because of security concerns.

    Move to revive manufacturing

    Industrial output growth slowed to a 10-month low of 5.3 per cent in January, indicating a slowdown in the manufacturing sector. This has set alarm bells ringing in the Commerce Ministry.
    News MakerNewsmaker - Deepika Padukone

    Newsmaker - Deepika Padukone

    Brand Deepika Padukone is on a roll. If the roaring success of Om Shanti Om opposite Shah Rukh Khan made her the hottest thing in Bollywood, two mega advertising deals in quick succession—one with Pepsi this February and the other with ITC for its Fiama Di Wills range of soaps this month—have catapulted this 22-year-old beauty into the top league of brand ambassadors.
    NotedIIM grads rake it in yet again

    IIM grads rake it in yet again

    While the world at large grapples with the prospects of a slowdown, it is raining riches for IIM grads. This year, IIM Ahmedabad topped the salary sweepstakes.

    Noted

    Reliance Energy, as Reliance Infrastructure, to better reflect its business portfolio. The change is subject to receiving approval from shareholders. Anil Ambani’s REL is constructing India’s tallest ‘100-storey’ corporate park in Hyderabad and has plans for SEZs in Noida and Mumbai.
    TreadmillThe road to rippled abs

    The road to rippled abs

    Swiss balls, available at most leading sports good shops, keep the body in a natural position during exercise and actually provide far greater stability while allowing the muscles to stretch fully. Here are a few abs exercises that use Swiss balls.

    Five foods to keep you healthy

    A busy day doesn’t have to stand in the way of great health. Eat these five healthy foods to keep your energy levels up.
    Reporters DiaryTicket to ride

    Ticket to ride

    The innovative Golden Chariot will need to quickly iron out some operating niggles if it is to be a successful luxury train.
    Printed CircuitFirefox gets better, opera hits back

    Firefox gets better, opera hits back

    Microsoft’s Internet Explorer now has to face two serious rivals.

    YouTube gets better

    When Time Magazine declared ‘You’ as the person of the year, they really didn’t mean you, they meant user-generated content as epitomised by YouTube.
    JobsHow to make it as a VC

    How to make it as a VC

    For all the wannabe partners vying the VC and PE Fund space, here’s the mantra for success.

    Cultivate a sound career path

    Agriculture is offering unlimited opportunities on the back of retail.
    FeaturesGE's innovation hub

    GE's innovation hub

    From wind turbines to X-ray machines to new-age locomotives, innovations are hardly new to GE’s John F. Welch Technology Centre in Bangalore. In its decade-long existence, JFWTC’s engineers have been at the forefront of introducing new ideas and methods for GE’s business units. Rahul Sachitanand finds out how the centre has shaped up over the years. 

    The winner that came in from the cold

    Jain Irrigation Systems is the second-largest drip irrigation company in the world and one of the largest suppliers of ducting to telcos globally. The stock of Jain Irrigation Systems rose from Rs 411.10 on February 28, 2007, when Chidambaram presented his first “pro-farmer” Budget, to Rs 612.8 on March 13, 2008, a fortnight after the second such Budget. Now, it’s eyeing revenues of $1 billion. BT's Krishna Gopalan reports.
    EventToasting corporate excellence

    Toasting corporate excellence

    Business Today honours the winners of the BT-E&Y study of India’s best managed companies at a glittering awards gala.

    Lords of the greens

    The cream of India Inc. came together to play golf at the 13th Business Today-Honda Pro-Am of Champions 2008.
    BookThe shrink's perspective

    The shrink's perspective

    Family businesses are families first and businesses thereafter, argue two Insead professors.