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India does not get a lot of love compared with other Bric countries – particularly China and Brazil. As far as many western investors are concerned, it can be a protectionist, bureaucratic market with plenty of political risk.
“We stay away from places that have impossible governments and impossible tax regimes, which means Sayonara to India.”
The route to success in corporate India starts early, and it usually goes via business school. That’s one message from new research into the performance of Indian chief executives, from the same stable that brought us what claimed to be the first ranking of the world’s CEOs over their entire tenure.
Insead professors Bala Vissa, Morten Hansen, Herminia Ibarra and Urs Peyer have now produced a compelling ranking of top Indian CEOs, published on Wednesday by Business Today, based on shareholder performance since they took office. It is topped by Naveen Jindal of steel company Jindal Steel and Power (JSPL). Read more
The shift of economic power eastwards from crisis-hit developed nations has another milestone: the publisher of Wisden – the annual “bible” of English cricket enthusiasts – is licensing production of an edition tailor-made for the Indian market.
A bit like Hermès, with its recent launch of a range of saris in India, Bloomsbury Publishing and its partner want to recast a western brand for enthusiastic Indian consumers.
The deal – with FidelisWorld FZ, a sports and entertainment management group – comes wrapped in the sort of biz-speak that would make John Wisden, the cricketer who founded the almanack in 1864, shudder. FidelisWorld, says the press statement, “aims to unify the fragmented sectors [of the Indian market for cricket information] into a consolidated whole… thereby achieving synergies and building value”. Read more