The boom in the Indian economy has benefited several financial services firms during the p
The boom in the Indian economy has benefited several financial services firms during the past few years. Among them is Kotak Mahindra, a major Indian investment bank, which has expanded its operations rapidly. As the Indian and global economies slow down, however, Kotak Mahindra is modifying its growth strategy, notes Ravilochan Pola, CEO of the U.S. operations of Kotak Mahindra. India Knowledge@Wharton spoke with Pola about market opportunities and risks during the recent Global Partnership Summit organized in Washington, D.C., by the U.S. India Business Council. Business and political leaders from both countries participated in the event, which also marked the U.S. IBC's 33rd anniversary.
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Progress toward unfettered international commerce stumbled last week with the collapse of
Progress toward unfettered international commerce stumbled last week with the collapse of the World Trade Organization's Doha talks, a seven-year effort to establish new global trade rules. The lengthy talks were complicated by the rapid emergence of China and India as major economic powers -- powers with commercial and strategic interests to protect, and the clout to do so. Many observers say the talks' collapse is a setback for poorer nations, which need access to larger markets in order for their economies to grow. Wharton professors Stephen Kobrin, whose research interests include globalization, and Marshall Meyer, an authority on China's economy, recently spoke to Knowledge@Wharton about the talks' collapse, global commerce and China's interest in the rules governing trade.
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America has been failed by its government, and the nation now faces
America has been failed by its government, and the nation now faces economic and security catastrophes unless its leaders change their ways, Wharton management professor Lawrence G. Hrebiniak concludes in his new book, The Mismanagement of America, Inc. He directs his severest criticism at the government's supervision of the Social Security Trust Fund and an intelligence infrastructure in which various agencies are no better at communicating with each other than they were before the September 11, 2001 terrorist attacks.
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When Vivek Wadhwa, a high-tech entrepreneur who has built and sold two IT companies, becam
When Vivek Wadhwa, a high-tech entrepreneur who has built and sold two IT companies, became executive-in-residence at Duke University's school of engineering, students asked him a question that stumped him. What courses, they asked, should they take in order to "make their jobs outsourcing-proof?" That question forced Wadhwa, who had long been involved in outsourcing, to begin researching the impact of globalization on U.S. competitiveness and the role of immigrant entrepreneurs in helping the U.S. maintain its economic edge. At the recent Wharton India Economic Forum in Philadelphia, India Knowledge@Wharton spoke with Wadhwa about his research, his own entrepreneurial journey and his brief foray into Bollywood.
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Added: 2 weeks ago
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"There's really nothing illegal about it" is a phrase often heard in descriptions of the p
"There's really nothing illegal about it" is a phrase often heard in descriptions of the practice of shorting, or short-selling, which are essentially bets that a stock price will decline. But after some market watchers accused short-sellers of unfairly depressing the stock prices of several key financial institutions, the Securities and Exchange Commission imposed new rules. Wharton finance professors Marshall Blume and Franklin Allen suggest the impact will be minimal.
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Added: 2 weeks ago
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When Sunil Bharti Mittal started in business more than 30 years ago in Ludhiana in Norther
When Sunil Bharti Mittal started in business more than 30 years ago in Ludhiana in Northern India, he borrowed $1,500 to make bicycle crankshafts. Today, he heads the $5 billion Bharti Group, whose flagship company, Bharti Airtel, is India's largest mobile phone operator. Forbes magazine, which estimates Mittal's net worth at some $11 billion, ranks him among Asia's self-made millionaires. Mittal spoke with India Knowledge@Wharton at the U.S.-India Business Council's 33rd annual meeting in Washington, D.C., about the leadership and entrepreneurial lessons he has learned during his career. Among them: When faced with a choice between perfection and speed, choose speed; perfection will follow.
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Added: 4 weeks ago
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Wal-Mart, the world's largest retailer, finds itself in a curious situation in India. Barr
Wal-Mart, the world's largest retailer, finds itself in a curious situation in India. Barred by government restrictions, it cannot directly operate as a retailer. As a result, the company's strategy has been to develop what Raj Jain, Wal-Mart India's president, calls a business-to-business wholesale cash-and-carry operation. In addition, Wal-Mart India is playing a leading role in helping develop modern supply chains in India. In an interview with India Knowledge@Wharton at the recent U.S. India Business Council meeting in Washington, D.C., Jain spoke about Wal-Mart's operations and strategy in India.
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Added: 4 weeks ago
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The stock market's June swoon has carried into July, with key indicators pointing to a bea
The stock market's June swoon has carried into July, with key indicators pointing to a bear market weighed down by rising oil prices, the credit crisis and more bad news from Detroit, as the Big Three auto manufacturers reported substantial losses. Meanwhile, the G-8 gathered in Japan to discuss global warming and the economy, but didn't include the two largest emerging economies -- China and India -- in the talks. Knowledge@Wharton spoke to Wharton finance professor Jeremy Siegel about these developments and others.
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Added: 4 weeks ago
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Most of the U.S. airline industry is under assault from skyrocketing fuel prices and a slu
Most of the U.S. airline industry is under assault from skyrocketing fuel prices and a sluggish economy, but the message that Southwest Airlines president Colleen Barrett brought to the recent Wharton Leadership Conference was about the importance of treating employees and customers well. Innovative leaders such as Southwest chairman Herb Kelleher and smart management of non-human resources -- especially Southwest's fuel purchasing hedges that have saved the company more than $2 billion -- have certainly helped the airline post profits for 35 consecutive years. But the foundation for all that, she said, has been making the satisfaction of employees and customers the highest priority.
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Added: 4 weeks ago
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