Some of the ferocious entrepreneurial energy that has propelled India to a growth rate of over 9% lately seems to be moving westward – to Pakistan. Writing in today’s Wall Street Journal (subscription required), Peter Wonacott sees a new class of entrepreneurs in Pakistan ushering in pockets of dramatic change: Scores of new businesses once […]
Indian TV viewers have never had it so good or so bad (depending on the viewer). Some 100 TV channels are supposed to be launched over the next 12 months with more to come. While this huge expansion in TV channels means so much more choice for viewers, it also portends intense competition for ad […]
The New York Times has an interesting piece today on India’s growing appetite for military weapons. According to the NYT piece, India wants to spend a humongous amount of money on its military in the near future: Over the next five years, military analysts expect the country to spend as much as $40 billion on […]
McGraw Hill has named Deven Sharma president of its tainted financial services division Standard & Poor’s effective immediately. Sharma replaces Kathleen Corbet, who left to “pursue other opportunities”. Sharma was previously executive vice president at Standard & Poor’s with responsibility for Investment Services and Global Sales and before that a partner at management consulting firm […]
The top 20 private equity and hedge fund managers in the U.S. – all White men – made on average $675.5 million (Rs 2,700 crore) in 2006, or 22,255 times the pay of an average U.S. worker, according to a Forbes study cited in a new report called Executive Excess 2007: The Staggering Social Cost […]
After several years of displacing high-paying U.S. IT jobs through its low cost Indian outsourcing operations, Azim Premji’s Wipro Technologies is now throwing a few crumbs to the Americans. Wipro Technologies said Monday that it’s setting up a new software development center in Atlanta that would hire 200 employees in the first year and grow to […]