Voices

``Nasdaq is a state of mind. It is an engine that has created more new jobs in the US than any collection of companies ever.'' -- Mr Frank Zarb, Chairman, NASDAQ.

``I do not think that there is any need to muck up with the existing rates of moderate rates of tax.'' -- Mr Yashwant Sinha, Finance Minister.

``Hostile takeovers are necessary as they help unleash the full value of a company.'' -- Mr Deepak Parekh, Chairman, HDFC.

``Interest rates are expected to be steady and may even marginally decrease in the short term because of the SBI India Millennium Deposits that are expected to flow into the market.'' -- Mr Keki. M. Mistry, Managing Director, HDFC.

``The tariff regime for the general insurance sector will continue for some years and de-tariffication will come only after the authority is convinced that players are able to meet rigorous of fierce competitive pressures in the market.'' -- Mr N. Rangachari, Chairman, Insurance Regulatory and Development Authority.

``The theme of FastForward was to develop, articulate and roll out an action plan that helps implement corporate strategy. FastForward is another phase in NIIT's evolution...'' -- Mr Rajendra Pawar, Chairman, NIIT.

``Hyundai Motor India's capacity is not yet fully stretched out but would be once exports pick up. The domestic market should also pick up in the last quarter of the current financial year.'' -- Mr A. P. Gandhi, President, Hyundai Motor India

``We play the game by the rules and we want all participants to play the game by the same rules too. As far as we are concerned, the standby charges issue had been resolved once and for all.'' -- Mr Adi Engineer, Managing Director, Tata Electric Cos on the controversy raised by BSES.

``The dispute over management control among the Chung brothers since March has been a major factor triggering Hyundai Engineering's liquidity problem.'' -- Financial Supervisory Commission, South Korea.

``I would like to see HDFC evolve into a holding company. However, given the current legal scenario, this was not possible.'' -- Mr Deepak Parekh, Chairman, HDFC.