COVER
STORY
Sensex
Beyond 7000: What Next? - - Amit Singh Sisodiya, Aala Santhosh Reddy and Mannava Sailaja
It
took Sensex 13 long years, since it was introduced in 1986,
to touch 5000-mark in December 1999 and again retouch it in
November 2003, after the country's market went into slump
in 2001. However, it has taken less than two years to cross
the 7000-mark, which was hardly thinkable even six months
back. Also, importantly, unlike the past rallies of 1992,
1994 and 2000, which saw valuations touch dizzying levels,
which were not justified by fundamentals, the current rally
does not suffer from such aberrations. The valuations are
based on strong fundamentals. Increased liquidity driven by
foreign inflows, India Inc.'s solid performances, strong GDP
growth, good monsoons, solid rupee, burgeoning forex reserves,
and the government's commitment to reforms are some of the
major factors which have been behind the sizzling performance
of Sensex. Needless to say these factors alleviate any fear
of a possible bubble in the making. However, amidst the elation
over the Sensex's sensational runup past the 7000-mark, a
sense of caution has been creeping in as to whether this momentum
is sustainable, going forward. This is because, though valuations
have not yet reached alarming levels as several experts feel,
it is also correct that stocks are not underpriced either.
As India story no longer remains an undiscovered story as
far foreign investors are concerned, does this signal that
the stock market, in general, and Sensex, in particular, is
in for a correction.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Genetically
Modified Foods: The Asian Perspective - - N Janardhan Rao and Krishna Kishore Puranam
With
proper regulatory mechanisms in place, the day is not far
when Asia will be regarded as the world's prominent player
in the field of Genetically Modified (GM) foods.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
OneWorld
Health: Drugs for the Poor - - Ch Rajeshwer and Feroz Zaheer
Into
an area that big pharma chose to abandon, a non-profit braves
its way.
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Mega
Outsourcing: The Beginning of the End? - - D Satish and Shishir Kumar
In
the global outsourcing arena, clients are increasingly opting
for multiple vendors instead of a single vendor for more flexible
alternatives, faster payback, and lower risk. Will this augury
spell an end to mega outsourcing deals?
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
The
European Union's Crisis: The Challenges Ahead - - George Voskopoulos
European
Union is facing one of the most serious crises in its history.
Will it be able to overcome this crisis successfully?
© 2005 IUP. All Rights Reserved
BUSINESS
ENVIRONMENT
Russia:
Back from the Brink - - N Janardhan Rao and Feroz Zaheer
Russia
has come a long way from its post-war days and has made significant
progress in the economic and political fronts. Though many
challenges still persist, the diplomatic and unconventional
strategies adopted by successive governments are taking Russia
to a new level of prosperity.
© 2005 IUP. All Rights Reserved
CORPORATE
STRATEGY
IBM:
Big Blue's Next Technology Frontier - - Amit Singh Sisodiya, and Priyanka Sugandhi
From
hardware to software, services to utility computing and consultancy,
the transformation of Big Blue has been amazing. It has indeed
been a long journey for one of the biggest technology firms
of the world. However, the journey has not come to an end
as it gears up to conquer the next technology frontier.
© 2005 IUP. All Rights Reserved
CORPORATE
STRATEGY
Microsoft's
Xbox 360: The 'X' Factor - - N Janardhan Rao and Feroz Zaheer
Microsoft
has unveiled its latest strategy-a new video game console,
the Xbox 360-to conquer the game console market, which hitherto
has been ruled by Sony.
© 2005 IUP. All Rights Reserved
TECHNOLOGY
Blogs:
Express Yourself - - D Satish and Smita Pandey
The
online diaries where people post their personal ideas have
become popular tools to express their opinions. Be it the
corporate world, the media or polities-blogs have caught the
attention of one and all.
© 2005 IUP. All Rights Reserved
INDUSTRY
The
POSCO Dea - - D Satish and Smita Pandey
The
proposed $12 bn investment by POSCO in India-could it just
be the beginning of large FDI inflows into the Indian core
sectors?
© 2005 IUP. All Rights Reserved
INDUSTRY
FDA
Nod for Indian Drugs: Another Milestone - - N Janardhan Rao and Feroz Zaheer
The
US Food and Drugs Administration's approval of the first Indian
anti-AIDS drugs is a feather in the cap of the Indian pharma
industry and will go a long way in globalizing Indian Pharma.
© 2005 IUP. All Rights Reserved
INDUSTRY
Entertainment
Industry Convergence: The Growth Mantra - - N Janardhan Rao and Shishir Kumar
To
attract investments, the entertainment industry requires a
high level of transparency and accountability in terms of
discipline and process orientation.
© 2005 IUP. All Rights Reserved
INDUSTRY
OneIndia:
Call STD, Pay Local
- - Amit Singh Sisodiya and T Anjuli
It
promises to be another significant step towards ensuring the
death of distance as the revolutionary 'OneIndia' concept
looks all set to remove the disparity between local and STD
calls.
© 2005 IUP. All Rights Reserved
INDUSTRY
3G:
Spectrum Issues - - Jayanthi Iyengar
Considering
that India needs huge sums of money to fund its infrastructure
projects, it would be a good idea to lock the spectrum auction
proceeds for creating infrastructure.
© 2005 IUP. All Rights Reserved
INDUSTRY
Indian
IT Companies: Competing with MNCs - - N Janardhan Rao and Ravi Babu Adusumilli
With
declining margins and intensifying competition in the international
market, MNC IT service providers are rapidly increasing their
presence and head count in India. This can certainly pose
a threat to the Indian IT service providers in the near future.
© 2005 IUP. All Rights Reserved
INTERNATIONAL
FINANCE
Global
Housing: A Real(ty) Bubble - - D Satish and Sharath Jutur
Global
housing prices are at record highs and are on the verge of
collapsing. If that happens, the consequences will be dire.
© 2005 IUP. All Rights Reserved
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