| "40% of businesses in this room, unfortunately, will not exist in a meaningful way in 10 years. 70% of companies will "attempt" to go digital, but only 30% of those that try it will be successful. It will become a digital world that will change our life, our health, our education, our business models at the pace of a technology company change. Either we disrupt or we get disrupted." John Chambers Outgoing CEO, Cisco | "My pecking order hasn't changed at all. Top of the line would be India. I am very confident that the Sensex is going to start moving up again. But in the mean time, the fact is that the Indian economy is relatively steady and the government is doing a lot of the right things. I would be expecting, that we have seen the worst in India in terms of the earnings cycle. I think, companies have been repairing their balance sheets for the last couple of years." Jim Walker MD, Asianomics | (On RBI's debt recast norms) "In the current scenario, this may be too little and a bit late. Even if the lenders take over the entire equity of the stressed companies, on average its value will be only about an eighth of the outstanding debt. So recovery through converting debt into equity may be limited." Deep Narayan Mukherjee Senior Director, Fitch India Ratings |
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