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AZIM H. PREMJI: Being the
richest, this software sultan has the most to lose |
For
a man who is averse to talking about his considerable personal wealth,
Wipro Chairman Azim H. Premji manages to have his discussed
in the financial dailies fairly often. Thus, when the stockmarket
tanked in April after Infosys' and Wipro's less-than-flattering
results, it was the man's personal wealth (through an 85 per cent
stake in Wipro) that the papers discussed. For the record, he lost
about Rs 7,176 crore in a week. Earlier, during Sun Microsystems
CEO Scott McNealy's trip to India-Wipro is a Sun partner-the CEO
of the company's Indian arm made a reference to Premji featuring
above McNealy in the list of the richest men in the world during
a small function in Bangalore celebrating the partnership. Clearly
when you are as rich as that (Oops!), there's just no respite.
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AJIT SING: Old crusader,
new cause |
Happily Indignant
Despite his corporate background (he once was a box-seller
with IBM in the US), Union Agriculture Minister Ajit Singh is
a farmer at heart. On April 21, Singh filed a public interest litigation
against the powerful Indian Sugar Mills Association (ISMA) for not
paying sugarcane farmers in UP the state-fixed price, but instead
offering a lower price based on mill efficiency. ''It'll lead to
chaos,'' warns Singh. On second thoughts, is the zeal because the
Minister's constituency is Baghpat, UP?
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CYRUS GUZDER: No confusion |
Principled Stand
All's fair in business and war? Not for Cyrus
Guzder, CMD of Airfreight. The 58-year-old was offered the Vice
Presidentship of CII's Western Region, but Guzder turned it down.
Reason: He couldn't stomach the fact that the apex chamber had actually
apologised to Gujarat Chief Minister Narendra Modi over scathing
remarks made by Rahul Bajaj and Jamshyd Godrej on the state's law
and order situation post-Godhra. ''I felt out of line with the CII
approach,'' says Guzder simply. Bravo.
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R. RAMARAJ: Netting profits |
Silver Lining
After threatening to turn profitable for two
long years, Sify's
R. Ramaraj may finally be delivering. For the quarter ended
March 31, 2003, the internet and e-commerce company, which was once
valued more than 60 times its current marketcap of $133 million
on NASDAQ, reported a marginal cash profit. Says Ramaraj, its CEO
& MD: ''This is a validation of Sify's (new) business model.'' The
next question for Ramaraj: When is the profit turning net?
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HARPAL DUGGAL: Sweat off his nose |
Trading Blame
Harpal Duggal's resignation as the CEO
and Managing Partner of Optimus has turned into a murky fight between
him and Arun Jain, the main promoter of the BPO company. While sources
close to Jain say that Duggal (and colleague Suren Khirwadkar) was
forced to resign due to poor performance, friends of the former
StanChart honcho say he quit because Jain wouldn't give them the
promised sweat equity. That leaves both scouting: Jain for a replacement
CEO and Duggal for another job.
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B.C. KHANDURI: Snuffing road rage |
The Negotiator
He may have helped put together one of the
most ambitious road projects in the country, but Minister of State
for Road Transport and Highways B.C. Khanduri isn't any more
popular among truckers for that. Recently, when the minister met
truckers to put an end to their agitation, the talks ended in a
deadlock. But he was in no mood to give up. ''I have spoken to various
ministries, besides my doors are always open,'' he told BT, pointing
out that some of the truckers' demands were non-negotiable. With
some operators breaking away from the striking association, Khanduri's
job may already be done.
-contributed by Ashish Gupta, Swati
Prasad and Nitya Varadarajan
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