I look at a question in my inbox that comes from a journalist for HerStory, part of the YourStory group. Verbatim, it says:
“Besides, Pooja and Wamika, there was another similar case by Supriya Sahoo where she alleged you had propositioned her. Many are terming thing as a serial offense? Your comment?”
Wow. I’m being called a serial offender. Comment please. The judge, jury and executioner have decided already. But, hey, comment please.
And there’s another email from Asian Age basically saying, yes, it’s 9pm on February 20 and we’re giving you 15 minutes to answer these allegations from Wamika Iyer in writing, else the story is going into print without your response. There goes my dinner guest, and I rush to type out what I can in the little time I have, and try scramble around to take screen shots on my phone and attach them to the email. …
The Group can either cut loss-making units and reinvest its profits in high-growth strategies which Cyrus Mistry seemed to be doing, and then reward shareholders with higher stock prices... Or it can keep loss-making pet projects alive, strip whatever profits there are to pay dividends to the controlling shareholders (the Tata Trusts) and grow slowly and organically, which is what Ratan Tata wants to do.
As long as Ratan N. Tata was in power in the Group he could pull off both. But once he became just a passive shareholder, he figured he was never going to sell his shares, so he decided he wanted bigger dividends and cash in hand now. …
Keep calm, and let Nikesh carry on.
The news reached epidemic proportions a few hours earlier today with journalists calling to ask if I (and many others) now thought that Indian entrepreneurship was dealt a terrible blow with Nikesh Arora’s resignation from Softbank.
Especially after he got what we like to call a “clean chit” from an independent body on allegations raised against him.
No. One man’s resignation letter to his boss does not an Indian start-up disaster make.
Keep calm, folks.
Let’s focus on what the resignation was about. It seems, from reading between the lines on what both parties have said is that the terms of Nikesh’s employment had changed. Earlier, he was the heir apparent to Masayashi Son at Softbank. …
When I first heard about this merger, it was surprising, but on giving it a little thought, it made a significant bit of sense.
Sense at second thought
Microsoft is, to start with, quite an also-ran player in the internet consumer stakes — one which has basically turned out to be a game ruled by Google and Facebook. Redmond’s attempts at search, via Bing; at a news network, via MSN and its other sundry attempts at internet consumer plays have largely failed.
Microsoft’s DNA is business software. And if you believe, like I do, that the difference between software, and apps on the phone, and websites, have all but obliterated, then LinkedIn is the right kind of buy for Microsoft. It makes it a much stronger player for the future of business to business transactions — and this buy is quite in line with everything else Microsoft makes. …
The news must have come through to you too: Patanjali reported Indian revenues of around Rs. 5,000 crores (~ USD 750 million) for the last financial year — and in doing so went past Colgate in India. Even more interesting is that Colgate is almost 8 decades old in India while Baba Ramdev’s brand is barely 8 years old.
The saffron-clad Baba’s forecast was quite eye-catching too — he thinks the brand will double revenues to Rs. 10,000 crores (~USD 1.5 …
I was at a conference the other day, speaking on a panel with VCs and angels, when we were asked a question: With the softening of valuations and the famous Flipkart markdown, is there still a large internet opportunity in India?
My friend and co-panelist from a large VC fund jumped up and trotted out the now-standard schtick: that the combined market cap of Chinese internet firms is half a trillion dollars and as of now the combined market cap of all Indian internet firms is just around $30 billion — so yes, there is loads of room to grow. …
Once, I was asked to say “Jai Maharashtra” to get safe passage out of a Shiv Sena mob near my place. This demand to shout “Bharat Mata Ki Jai” seems just the same.
No one needs to shout out some words to prove they love India. In fact, no one even needs to prove they love India, as long as they live peacefully here. One’s decision to live here and continue to live here when millions have migrated or plan to migrate or have taken other citizenships itself proves your choice. Further, criticising India doesn’t mean you don’t love it. …
Point vs counterpoint — after Bihar, the debate between BJP fans and AAP fans continue to rage.
Here’s a summary:
Aam Aadmi Party — Delhi fan: See, in these other pics, Narendra Modi is hugging a corrupt BS Yeddyurappa, and in this one Modi’s shaking hands and joking with Lalu Prasad Yadav too — so what’s the big deal?
BJP fan: But.. but… the Modi- Lalu picture was at a wedding, and Yeddyurappa wasn’t convicted of corruption while Lalu was… so Modi was fine to do it and Kejri…
Dear Mr. Modi, I’m no election expert - but here’s my read-between-the-lines about the BJP disaster in Bihar, and a few thoughts on what you might do to course-correct.
1. The people of India voted you into national government because they wanted a better economy.
One part of that was reforms, another was clearing logjams, a third was reducing corruption and yet another was bringing black money back.
Strangely, all parties promised this - but you were trusted best to deliver this "better economy". P.S. All parties still promise this. It’s still the main agenda - it’s what matters.
2. Your report card on this is spotty so far: reforms haven’t happened, logjams haven’t yet cleared, corruption may have come down a bit but hasn’t disappeared, and your promises about black money have largely proven a joke.
3. Instead of focusing on these and working on your mandate, you veered off in two completely different directions. One: following an agenda that you were NOT voted in for: banning beef, having pure vegetarian days, shutting down international NGOs, hindu-fying history and literature and generally doing the bidding of your foster home, the RSS, to turn India into a Hindu nation. …