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Govindraj Ethiraj: The fear of a PSU called Jet Airways15-SEP-09
The general feeling is that the 1974 strike marked the beginning of Air India’s decline.
Govindraj Ethiraj: The real cost of investing in Tipperary01-SEP-09
One reason some global acquisitions are floundering is the total cost of overseas employees.
Govindraj Ethiraj: The idea of injustice18-AUG-09
Actor Shah Rukh Khan gets held up at New Jersey Airport for two hours (one hour, six minutes if you were to believe US Immigration). The nation is seething in anger because a) he is a Muslim and it could be racial profiling and b) he is a superstar. Lots of Khan and non-Khan Indians must be getting held up. But they are not superstars. And they don’t know Hillary Clinton.
Govindraj Ethiraj: Why private airlines can be trusted04-AUG-09
December 1992 was a memorable month for Indian aviation.That was the period Indian Airlines (IA) pilots struck work. The strike was ostensibly aimed at better allowances and safety standards. It lasted a staggering 45 days and over 400 pilots stayed away from work.
Govindraj Ethiraj: Is Air India an airline?21-JUL-09
Tata Steel made a virtue of ‘also’ making steel a few years ago. It was perhaps the first, last and only private sector company to draw comfort from its prowess in civic affairs. For most PSUs in India though, this is an area not much deliberated upon, mostly because the businesses are monopolies. No one cares or asks.
Govindraj Ethiraj: Why MSM will have to work harder23-JUN-09
My friend Hugo Roberto Diaz, a telecom services entrepreneur from Guatemala, narrated this story to me last week at a gathering of fellows of the Aspen Global Leadership Network. The venue was, where else, at Aspen, Colorado, 9,000 feet above sea level.
Govindraj Ethiraj: Keeping the doors half open09-JUN-09
The clarion calls for the opening up of the financial system have resumed and predictably so. The trigger this time appears to be President Pratibha Patil’s June 4 speech to the joint session of Parliament, the contents of which reflect a fair, if not considerable, share of inputs from Prime Minister Manmohan Singh.
Govindraj Ethiraj: The ministers that really matter26-MAY-09
Walking through the swank new Terminal 1D catching a domestic flight out of Delhi was a pleasant surprise two weeks ago. For day one of transition for my airline, the predictable chaos was missing, both outside and inside, except for a slight mix-up in lines at check-in.
Govindraj Ethiraj: Mussoorie to Manchester12-MAY-09
I had the privilege of interviewing former Reserve Bank of India governor Dr Y V Reddy last week. He has just released a book of 23 speeches made between September 2003 and September 2008. The book is remarkable as much for the selected speeches as it is for the sequence in which the speeches are presented.
Govindraj Ethiraj: The sun shines on green shoots28-APR-09
The way everyone is talking about green shoots, you might think there is a nationwide gardening competition on. But then, unusual situations create unusual terms — remember the entire mortgage-triggered global meltdown is now classified as a non-linear event, so there is no past or future. In effect, most, if not all, sins forgiven.
Govindraj Ethiraj: The real estate cookie crumbles14-APR-09
The story of Sashwat Brahma is an interesting one. His story, unverified by me, appears as a post on www.consumercomplaints.in and goes like this. He applied for a 4 BHK apartment in DLF's New Town Heights in Gurgaon and put money down.
Govindraj Ethiraj: These award-winning private banks31-MAR-09
It’s a fairly common occurrence nowadays to see industry grumbling about inadequate bank credit. It’s a little unusual to see a banker retorting in such fine form, as Punjab National Bank chairman K C Chakrabarty did at a recent Confederation of Indian Industry (CII) bankers’ conference the week before last in Mumbai.
Govindraj Ethiraj: India's middle class ($) millionaires17-MAR-09
I cannot and will not claim to be a market expert and will always defer to that often-used but least-understood phrase, ‘the market is king’. Now on to some happenings in the kingdom.
Govindraj Ethiraj: Call the psychologists03-MAR-09
The proverbial penny dropped sometime last week. It happened whilst moderating a panel discussion organised by industry body CII’s Pune chapter on how companies are managing through this slowdown.
Govindraj Ethiraj: A dream run comes to an end03-FEB-09
I was speaking with R Balakrishnan of Centrum Finance, a long-time market watcher. He had two things to say of interest. One is that analysts have stopped commenting on the quality of accounts and management. And perhaps this is the wake-up call we’ve been waiting for.
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