He's
a writer, columnist, consultant, mentor, and now the only Indian
to be on the panel of judges for the Harvard Business Review's
prestigious McKinsey Awards. That's an honour-even for somebody
like Gurcharan Das, former Chairman & CEO of P&G
India. For one, Das, 61, gets to share the panel with global corporate
heavyweights like IBM's Sam Palmisano, ups' Michael Eskew, and
Robert Hormats, Vice Chairman of Goldman Sachs. Besides, previous
winners of the annual awards, which recognise the best articles
published in HBR, have included Michael Porter, Henry Mintzberg
and Charles Handy. As part of the panel, it will be Das' task
to select "the two most significant articles that are likely
to have a major influence on executives worldwide". "It
will mean some work for me," says Das, who's just finished
serving on the Milton Friedman Prize for Freedom in 2004 committee
and is in the middle of writing his second book (on governance).
Sugar
Czar
It's
official. Kushagra Bajaj's Bajaj Hindusthan is the new
#1 sugar producer in the country, ahead of K.K. Birla Group and
Balrampur Chini. What did the trick? Bajaj's new Rs 140-crore
mill in Meerut that got rolling this crushing season. That may
seem like a big achievement to any other 28-year-old, but not
to this Bajaj scion. To say that he is ambitious would be an understatement.
He's bid for all the 24 sick state-owned mills put up for sale
by the up government, and one of his goals, as stated in his company's
annual report, is to make more profits than the annual revenues
of the world's second largest company (Exxon-Mobil). That, people,
would be Rs 12,45,512 crore. We have just one question: Why the
second-largest and not the largest? Perhaps, he knows something
that we don't.
Rising
Son
Richie
rich, try this for size. When Siddhartha Mallya turned
18 on May 7, his father, Vijay, celebrated it by not just launching
an airline, but also announcing-in Toulouse, France-that the Wellington
College student would be his successor at the UB Group. Mallya
himself was only 21 when his father, Vittal, roped him into business,
and by 27 was Group Chairman following his father's death. However,
Sid, as his friends call him, wants to get an MBA (from the University
of London) before he joins his dad in business.
Unfashionable
Voice
Everybody
knows that fashion events in India are little more than skin-ogling
fests. Of course, nobody ever says that because, well, this is
not a business where speaking your mind takes you far. Gautam
Singhania couldn't care less. As the boss of textiles major
Raymond, he can afford to speak his mind. And that's exactly what
he did last fortnight, when he called the Lakme India Fashion
Week (LIFW) a "social event", and a related event organised
by the Fashion Design Council a "Page 3" gathering.
Singhania had a point. Although the LIFW is into its sixth year,
it hasn't managed to become a serious business event. Proof: Even
Singhania, whose fashion brand Be: is one of the biggest domestic
buyers, wasn't sent an official invite.
On Cloud Nine
Dinesh
Keskar, Boeing's point man in India, just can't stop smiling.
And why not? It's not every day that one gets to bag an order
(from Air-India) for 35 aircraft worth a whopping $6 billion (Rs
26,400 crore), and watch rival Airbus Industrie turn green with
envy. Does that make him a star of sorts back in the headquarters
in Chicago? "I think the folks in Chicago realise rather
well that it is difficult working in India," is all Keskar
would say. That means the 50-year-old can also look forward to
a tidy bonus this year-unless, of course, Indian government's
auditor, the CAG, decides to play spoilsport.
Slowly
But Surely
Notice
that mild grin on R.S. Lodha's face? Expect that to widen
in the days to come. For, Lodha seems to be on a winning streak
against the Birlas. The Company Law Board recently dismissed a
petition filed by some shareholders seeking an investigation into
allegations that the controlling stake in the M.P. Birla flagship,
Birla Corporation, had changed hands. Earlier, the courts had
discharged three caveats filed by members of the Birla family,
and declined to pass any interim orders on a Birla plea to appoint
an administrator over the late Priyamvada Birla's estate. However,
the real battle will begin when the courts start hearing probate
petitions filed by the two sides. He'd better hang on to Lady
Luck.
-Contributed by R. Sridharan, Sahad
P.V., Rahul Sachitanand, Priyanka Sangani,
Kushan Mitra and Arnab Mitra
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