India Titans Index

Rupert Murdoch-owned Dow Jones Indexes - which owns the widely tracked Dow Jones Industrial Average index that covers 30 large US companies listed on the New York Stock Exchange — has unveiled a blue chip index for India. The Dow Jones India Titans 30 Index will measure the performance of the 30 largest and most liquid stocks listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

The selection to the index will be based on rankings by float-adjusted market capitalisation and 12 month average daily trading volume.

Murdoch said: “The world is changing and how we measure that change economically and financially is clearly a challenge and an opportunity. We have seen a reweighting of risk, but the world itself is being economically rerated and so we need an index that allows investors to take advantage of these changes.” According to Murdoch, Indian companies will obviously have a place in The Global Dow “as will companies from other emerging countries where we have seen an unprecedented economic emancipation over the past two decades”.

Robert Thomson, managing editor, The Wall Street Journal said, “While we must reflect the global stock market as it is, we must also recognise the rapid rise of companies in countries such as India.” The Global Dow will track the share prices of existing and future global leaders in every industry.

Recruitment

How to recruit the right person for the job?

"Put about 100 bricks in some particular order in a closed room with an open window."
Then send 2 or 3 candidates in the room and close the door.

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Leave them alone and come back after 6 hours and then analyze the situation.

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If they are counting the bricks. Put them in the Accounts Department.

If they are recounting them.Put them in auditing.

If they have messed up the whole place with the bricks. Put them in engineering.

If they are arranging the bricks in some strange order. Put them in planning.

If they are throwing the bricks at each other. Put them in operations.

If they are sleeping. Put them in security.

If they have broken the bricks into pieces. Put them in information technology.

If they are sitting idle. Put them in human resources.

If they say they have tried different combination's, yet not a brick has been moved. Put them in sales.

If they have already left for the day. Put them in marketing.

If they are staring out of the window. Put them on strategic planning.

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And then last but not least. If they are talking to each other and not a single brick has been moved. Congratulate them and put them in top management.

Leading Indian Companies

I was pleasantly shocked to see these numbers on Wikipedia today. Look at the net assets of SBI, the market value of RIL, the revenue of IOC, etc. Wow!

All the numbers are in billions of dollars.

	Company		Revenue	Profits	Assets	Market Value
	Reliance Industries		26.07	2.79	30.67	89.29
	ONGC		18.90	4.11	33.79	54.11
	State Bank of India		15.77	1.47	188.56	33.29
	Indian Oil Corporation		42.68	1.82	25.39	16.36
	ICICI Bank		9.84	0.64	91.07	29.85
	NTPC		7.84	1.60	20.34	41.57
	Steel Authority of India Limited		7.88	1.45	8.05	26.37
	Tata Steel		5.83	0.97	11.48	14.63
	Bharti Airtel		4.26	0.94	6.61	39.16
	Reliance Communications		3.13	0.65	13.08	29.63