In January 2009, in what is widely referred to as 'India's Enron', 300,000 shareholders of Satyam Computer Services (now Mahindra Satyam) came together and sued the company. Satyam's founder Ramalinga Raju had confessed to misstating accounts, and the company stock plummeted. The shareholders claimed damages worth Rs 5,000 crore. ...
02:55 PM, Mar 01, 2013
In August 2005, Siddharth (Sid) Yog, a Class of 2004 Harvard Business School graduate, managed to raise $120 million for his realty fund. It looked like an achievement then. But, in hindsight, many young kids raised a lot of money to invest in India because India was hot. ...
04:00 PM, Feb 19, 2013
Last month, when the latest Indian Readership Survey rolled out to all major advertisers and media groups, not too many people outside the marketing community may have realised its significance. The latest round of reports carry a whole new way of classifying consumers"something that the industry has been grappling with for more than a decade. With this new system in place, marketers hope to segment consumers a lot more sharply"and...
01:45 PM, Jul 17, 2012
Kamal K Sharma Designation: Managing Director, Lupin The Challenge: To enter the Japanese market, the world's second largest pharmaceutical market How He Did It: By entering the market with a partner and using them to understand the nuances. Lupin eventually bought the partner out, but made sure no changes were made to its management or operations In Japan, you just can't walk in and do business. It is a market...
04:46 PM, May 11, 2012
Dipak C Jain Age: 54 Profile: Dean, INSEAD and INSEAD Chaired Professor of Marketing. Independent director, Reliance Industries Career: Was a former dean at Kellogg School of Management at Northwestern University Education: BSc Statistics (Hons.) in 1976 from Darrang College and Masters in Statistics from Gauhati University. Interests: Teaching Jainism. Q. After spending 13 years as dean of the Kellogg School of Management you moved over to INSEAD. What was...
04:40 PM, Apr 17, 2012
Ravi Prasad Age: 51 Designation: Executive Chairman, Himalaya Drug Company The Challenge: Take the companys range of therapeutic and personal care products to overseas markets How He Did It: He targeted doctors through articles in peer-reviewed journals and allowed customers to sample the products in supermarkets The Next Goal: Double the companys revenues riding on the strength of the international operations that is growing faster than India Himalaya started building...
11:11 AM, Feb 16, 2012
In October 2009, nine months after converting the floundering Nature's Basket into a gourmet food store, its team was pleasantly surprised. Its seven stores in Mumbai had seen sales grow at 70 per cent " a surprisingly quick validation of their change in strategy. Getting there, however, has been a rough ride. Two years earlier, Godrej's Nature's Basket business wasn't going as planned. The store, set up in 2006, had...
11:52 AM, Feb 11, 2012
The court hearings had gone on through all of August. On September 8, 2010, the Bombay High Court was packed to the rafters with newspaper reporters of all hues. There was a battery of lawyers representing the Government of India and telecom giant Vodafone. There were two judges who had been hearing the famous Vodafone tax case: DY Chandrachud and JP Devadhar. Though Devadhar was in Nagpur that day, he...
01:18 PM, Feb 07, 2012
Pawan Munjal Age: 57 Profile: Managing Director and CEO of Hero MotoCorp Fast Facts: - His father Brijmohan Lall Munjal is No 21 on the Rich List - Keen on making Hero a global two-wheeler company Pawan Munjal is the quintessential behind-the-scenes operator; the kind whos more comfortable on the shop floor than at the launch of his latest motorbike. The shy, introverted 57-year-old elder son of Brijmohan Lall Munjal...
10:45 AM, Nov 10, 2011
"You must be mad," thundered 82-year-old Catherine Paver when her son Stuart broached the idea of selling shoes in India in 2007. "Why can't you concentrate on what we know works?," she asked. Catherine was referring to the 100 million shoe retail business she had built since 1971. With a 200 bank loan, she had begun by throwing shoe parties and then moved to selling them in huge warehouses before...
11:53 AM, Aug 04, 2011
In April this year, ticket sales at South Mumbais famed Regal cinema got an unexpected boost. Occupancy at this 78-year-old theatre, designed by Charles Stevens, usually hovers at around 25 percent " a far cry from what it was in the 50s and 60s when the crme da la crme of Bombays society thronged it. But during the last week of April, some shows ran to full house at the...
05:04 PM, Jul 11, 2011
New Delhi: Lets not lose market share even if it means sacrificing margins in the short term. Long Procter and Gambles battle cry, in the last few years it had increasingly become an intrinsic part of arch-rival Unilevers strategy as well. Hardly surprising, as Paul Polman who became Unilever CEO in 2009 had spent 27 years at P&G. With mergers and acquisitions picking up globally, it was only a matter...
12:14 PM, Jun 24, 2011
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