Tuesday, January 27, 2009

'Don't hesitate to accept short-term sacrifices'

Lessons from the slowdown

Slowdown seems to have come to stay. And we may have to learn to live with it for at least a few quarters, across one or more years. How about beginning with asking if there are lessons from slowdown for corporates and individuals? Yes, there are lessons, says Mr V. A. George, President and CEO of Thejo Engineering Ltd, Chennai.


Friday, January 23, 2009

'Profitability is not the prime objective of the public sector in India...'

Treat labour as an important resource

While the present economic crisis and consequent labour restructuring is truly a difficult situation both for the companies and the labour force, it is possible to minimise the ill-effects, assures Mr Gopal Ganesh, author of Privatisation and Labour Restructuring (www.academicfoundation.com).


'Transparency is a basic tenet of corporate governance'

Truly independent directors, a rarity

The currently unfolding Satyam episode raises a challenge for analysts, shareholders and policymakers about how to distinguish ticking the boxes from actual practice, observes Ms Lalita Som, author of Stock Market Capitalization and Corporate Governance (www.oup.com).


Monday, January 19, 2009

'CIOs have business and technology metrics today'

`Cloud computing is silver lining'

At a time when organisations are frantically trying to cut costs and trim budgets, Ranjith Ramakrishnan, Co-Founder & CTO, Cumulux, sees hope in `cloud computing.' There are varied predictions among analysts regarding the outlook, he continues, during a recent e-mail interaction with eWorld. "But there is one thing that they universally agree on - that cloud computing will be a transformative phenomenon in 2009."


Monday, January 12, 2009

'Financial institutions should be highly security-conscious'

Falling short on security

Many security aspects are being discussed threadbare in the context of the recent Mumbai terror attack. From an information technology (IT) perspective, the most important issue seems to be that the 26/11 terrorists allegedly used VoIP (voice over IP) to communicate with their masters in Pakistan while conducting the attack, observes Dr Samir Kelekar, MD, Teknotrends Software Pvt Ltd, Bangalore ( http://www.teknotrends.com/).


'Education, by definition, is based on ethics'

Trailer of a larger malaise

What has happened in the case of Satyam is actually just a trailer of a larger malaise within the Indian system in all walks of life which has come into existence, more prominently during the last decade or so, rues Prof Varun Arya, a member of IIM Ahmedabad Governing Society. On the one hand, he observes, there is the ever-increasing rampant corruption everywhere and, on the other, there seems to be a race to make it big, bigger, and biggest.


Wednesday, January 7, 2009

A new way of doing things that brings about positive change is called innovation

Exciting software times ahead

Taking time off from the recent PanIIT conference in IIT-Madras are three senior IIT-ians, busy discussing with Business Line important issues such as entrepreneurship and education, brand-IIT and innovation. Joining in last is Anand, Founder and CEO of Kuliza Technologies, Bangalore ( http://www.kuliza.com/), as the junior-most IIT-ian in the room, with about a decade behind him after leaving the campus. “I am a firm believer in the India growth story. I believe that the next 10 years will be quite exciting and we will be a part of many life-changing innovations,” he declares, despite the pall of recessionary gloom descending on some of the biggest global players, across industry sectors.


Thursday, January 1, 2009

'Honesty is relevant to the auditing profession'

Corporate governance should become transparent

What is honesty? It means being true to oneself and also to the society, says Dr G. Sundaram, Former Secretary to the Govt of India, and author of Plight of Honesty: The untold bureaucracy ( www.manaspublications.in ). Both ‘intellectual honesty’ and ‘material honesty’ are important, he adds. Honesty is relevant to the auditing profession, Dr Sundaram emphasises.


'Mutual funds faced their severest test in recent times'

Seven banking themes for 2009

What could 2009 hold in store for banks? The themes do not appear to have shifted much, observes Mr Robin Roy, Associate Director, Financial Services, PricewaterhouseCoopers (P) Ltd. “Two years ago, towards the end of December and just as winter was knocking at the door, three important trends were seen as impacting the banking sector,” he recounts, in the course of a recent e-mail interaction with Business Line.