It's
been a heady fortnight for Ravi Kant. On July 29, the then
Executive Director (Commercial Vehicles), Tata Motors, received
the coveted JRD Tata Quality Value Award, a quality performance
award given out to Tata group companies, from Ratan Tata. A few
hours later, Tata-whose VT-tat Falcon business jet was the second
aircraft to land after the Mumbai airport reopened that day after
being shut for two days due to unprecented rains-anointed Kant,
60, as the company's MD, Tata Motors' first in 11 years. When
this writer bumped into Kant at the Delhi launch of a new Safari
model, Dicor, Kant preferred not to talk about either the award
or his surprise appointment, except to say that he looked forward
to the job. "The development of the common-rail injection
engine is a big thing and we have some bigger things in the pipeline,"
he said. It'll be interesting to watch Kant-and his former peer
and head of passenger car business, V. Sumantran.
Home-coming,
Sort Of
Eight
years after he returned from the WTO (then GATT) Secretariat,
Harsh Vardhana Singh, Secretary-cum-Principal Advisor,
TRAI, is packing his bags for another stint, but this time as
WTO's Deputy Director General. A Rhodes scholar and a University
of Oxford-trained economist, Singh is only the third Indian to
have bagged the post. With a WTO ministerial conference slated
for December this year, Singh will be required to hit the ground
running.
Instructive Job
Reliance
industries' chairman Mukesh Ambani seems to be in a mood to learn.
A couple of months after he brought IIT Bombay's Director Ashok
Misra to the board, he's roped in another heavyweight from the
world of academia: Dipak Jain, Dean of the Kellogg School
of Management at Northwestern University. Jain and Misra may not
be able to teach the RIL Chairman any new lessons in management,
but they may find an eager pupil in Ambani when it comes to corporate
govenance.
Back
To Bharti
Jai
Menon's honeymoon with the Anil Dhirubhai Ambani Enterprise's
(ADAE) Reliance Infocomm lasted all of one month. Poached from
Sunil Mittal-owned Bharti Tele-Ventures for a fantastic sum (rumours
put the annual package at upwards of $1 million or Rs 4.4 crore),
Menon was back at Bharti's Delhi headquarters by the end of July.
What happened? "Anil is a great person. What caused this
whole change was a family crisis that required me and my family
to return to Delhi," says Menon, 41, who was group head for
technology at ADAE. Back at Bharti, Menon will have an expanded
focus on implementing technology for call centres, content, applications
and other customer-centric interfaces. "I am making a much
deeper commitment to India, especially Delhi," says the man,
who not long ago was a top executive at Bell South in Atlanta.
Like they say, Mumbai isn't everybody's cup of tea.
Moving Up
It
may take a while yet, but Cadbury India's Bharat Puri is
reported to be moving up to a larger role in Asia-Pacific, based
out of Singapore. Puri, who came to the confectionery-maker from
Asian Paints in 1998, made it to the top job at Cadbury in just
four years. Puri couldn't be reached for a comment, and a company
spokesperson declined to speak on the report, stating that Cadbury,
as a policy, did not comment on management moves. Unlike other
big FMCG companies, Cadbury has enjoyed steady growth. The only
recent setback came in 2003, when worms were found in some Cadbury
chocolates. While initially slow to realise the damage it could
cause to the brand, Puri thereafter moved quickly, even effecting
changes in packaging. The move worked. Most consumers had soon
forgotten the worm attack and sales were back up. A disaster management
skill that Puri will find handy in any market.
'Stock'
Shock
Investors
who greeted clothier Provogue's debut on the market with a huge
premium (44 per cent) over the offer price, seem to be having
a change of heart. The stock, which had soared to Rs 299 end of
July, is down by a third. Part of the problem: On August 2, Mumbai
police raided Provogue promoter Salil Chaturvedi's house
and allegedly found three vials of cocaine, all following the
June arrest of a former Provogue employee Vishal Meghnani for
allegedly asking a colleague to ship cocaine to him in Chennai.
When BT went to press, Chaturvedi, held in police custody, had
filed a case against the Mumbai police for allegedly planting
false evidence against him.
-Contributed by Kushan Mitra, KumarKaushalam
and Krishna Gopalan
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