"According to executives, Sikka's product mindset did not work for the company and eventually led to his departure. Then came Parekh’s appointment at a time the company was looking for an executive who would bring in stability," said Pareekh Jain, founder, Pareekh Consulting. … [Read more...] about Wipro’s new CEO: Can foreign executives succeed in Indian IT firms?
Michigan football 2017
"In a lot of ways what people were trying to look for was behaviour change which is the hardest change to make happen. Imagine ten years ago there was no Ola, Uber or Flipkart...many of these brands did not exist...you cannot imagine your daily life without them now... somebody had to subsidise their market creation," Khanna said justifying the move of VC firms who poured in millions of dollars in India. … [Read more...] about India’s startup ecosystem in a correction mode: Trifecta Capital
Currently, Intas has over 10,000 product registrations worldwide. In India, it has established leadership in key therapeutic segments like CNS, cardiovascular, diabetology, gastroenterology, urology and oncology. In terms of revenues, it registered a CAGR ( compounded annual growth rate) of 25.5 percent between 2012 and 2019 and clocked $1.88 billion in revenues as of March 2019, according to its website. … [Read more...] about Exclusive | PE firm ChrysCapital to buy out Capital International’s stake in Intas Pharmaceuticals
One of the ‘heroines’ I wrote about in my first book was Jahanara Begum, daughter of Mumtaz Mahal, who became one of the most wealthy and powerful women of her time. She wrote a biography in which she challenged Sufi masters’ dictum that, as a woman, she could not claim the same spiritual status as a man. She not only patronised extensive building works in Shahjahanabad (Old Delhi) but is buried in Nizamuddin Auliya’s Dargah, showing her Sufi leanings. And yet I had never come across these astounding facts, pointing to a systematic erasure of the voices of these women. Then, I was lucky enough to stumble on the academic work of feminist historian Ruby Lal, who has analysed the harem of the early Mughal emperors, and I was introduced to a whole new way of imagining the Mughal harem. … [Read more...] about Mythological women revered, stories of historical women censored in India, says historian Ira Mukhoty
In the Rs 20 lakh crore fiscal stimulus announced by the government, there is a credit line to MSMEs worth Rs 3 lakh crore which is going to be 100 percent backed by CG and covers both interest and principal. Additionally, the government plans to provide Rs 20,000 crore of subordinate debt to MSME promoters which could be used as equity. The government will provide Rs 4000 crore to CGTSME which in turn will provide partial credit guarantee to banks under this scheme. The other schemes provide full and partial guarantees to NBFCs, HFCs and MFIs to enable them to raise liquidity and capital. Thus, we are back to not just CGs but the possibility of multiple CGs being governed by multiple agencies. … [Read more...] about Credit guarantees of 1970s make a comeback