17 December 2009

Know The Personalities: C.K.Prahalad, Nandan Nilekani

C. K. Prahalad


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C. K. Prahalad
Born 1941[1]
Nationality Indian
Alma mater University of Madras
Harvard University
Occupation Professor
Religious beliefs Hindu
Website
www.ckprahalad.com/

Coimbatore Krishnarao Prahalad (pronounced as: Pra-huh-laadh) (b. 1941[1], Coimbatore, Tamil Nadu, India[2]) is an Indian entrepreneur, consultant, and management expert. Paul and Ruth McCracken Distinguished University Professor of Corporate Strategy at the Ross School of Business of the University of Michigan.

He is one of the recipients of Pravasi Bharatiya Sammaan awards in 2009[3], and was conferred the Padma Bhushan, an Indian civilian award, the same year. In 2009 he was named the world's most influential business thinker on The Thinkers 50 list, published by The Times [4].

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[edit] Personal life and education

Prahalad is one of nine children. His father was a well-known Sanskrit scholar and judge in Chennai. When he was 19, Prahalad was recruited by the manager of the local Union Carbide battery plant after completing his B.Sc degree at the University of Madras. He worked there for four years. Prahalad calls his Union Carbide experience a major inflection point in his life.

At Harvard Business School,Prahalad wrote a doctoral thesis on multinational management in just two and a half years, graduating with a D.B.A. degree in 1975.[5]

He then returned to India, where he taught at the IIM Ahmedabad. He returned to the United States, as an assistant professor at the University of Michigan.

[edit] Career

[edit] Writings, interests, and business experience

C. K. Prahalad is the author of a number of well known works in corporate strategy including The Core Competence of the Corporation (Harvard Business Review, May-June, 1990). He has authored several international bestsellers, including: "Competing for the Future"(with Gary Hamel), 1994, "The Future of Competition," (with Venkat Ramaswamy), 2004 and "The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits," Wharton School Publishing, 2004. His new book with co-author M. S. Krishnan is called The New Age of Innovation.

He was co-founder and became CEO of Praja Inc ("Praja" from a Sanskrit word "Praja" which means "citizen" or "common people"). The goals of the company ranged from allowing common people to access information without restriction (this theme is related to the "bottom of pyramid" or BOP philosophy) to providing a testbed for various management ideas. The company eventually laid off 1/3rd of its workforce and was sold to TIBCO. He is still on the board of TiE, The Indus Entrepreneurs.

Prahalad has been among top ten management thinkers in every major survey for over ten years. Business Week said of him: "a brilliant teacher at the University of Michigan, he may well be the most influential thinker on business strategy today." He is a member of the Blue Ribbon Commission of the United Nations on Private Sector and Development. He is the first recipient of the Lal Bahadur Shastri Award for contributions to Management and Public Administration presented by the President of India in 2000.

[edit] See also

[edit] References

  1. ^ a b Notable Alumni: Dr. C K Prahalad. IIMA USA Chapter.
  2. ^ Biography: CK PRAHALAD. Thinkers50.
  3. ^ http://specials.rediff.com/news/2009/jan/09slide1-pravasi-bharatiya-divas-awards-ceremony.htm
  4. ^ http://news.therecord.com/Business/article/613813
  5. ^ Professor C.K. Prahalad
More @ http://en.wikipedia.org/wiki/Prahalad



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Nandan Nilekani

Nandan Nilekani

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Nandan M Nilekani
Born 2 June 1955 (1955-06-02) (age 54)
Bangalore, Karnataka, India
Occupation Chairman of Unique Identification Authority of India (UIDAI)
Salary $203,545 USD (net compensation in 2007)[1]
Net worth USD $1.3 Billion

Nandan Nilekani (Konkani/Kannada: ನಂದನ ನಿಲೇಕಣಿ) (born June 2, 1955) is an Indian entrepreneur and businessman. He currently serves as the Chairman of the new Unique Identification Authority of India (UIDAI), after a successful career at Infosys Technologies Ltd. He was the inspiration behind the book, The World is Flat.[2]

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[edit] Early life

Nandan Nilekani was born in Bangalore, Karnataka, as the younger son of Durga and Mohan Rao Nilekani. His father worked as a General Manager of Mysore and Minerva Mills. His father, subscribed to the Fabian Socialist ideals, had an influence on Nandan during his early years. He has a older brother, Vijay, who works in the Nuclear Energy Institute.[3]

He studied at Bishop Cotton Boys School Bangalore, and then at St. Joseph's High School Dharwad, and later in IIT, Bombay where he graduated with a B.Tech in Electrical Engineering in 1978. [4] His early years were marked by his father’s job transfers and re-locations. He spent the first twelve years at Bangalore, where he studied at the Bishop Cotton Boys School. He then moved in with his uncle’s family in Dharwad, after his father had been transferred.

[edit] Career

Nandan Nilekani, after graduating from IIT Bombay in 1978, he joined Mumbai-based Patni Computer Systems where he was interviewed by N.R. Narayana Murthy. Three years later, in 1981, Murthy walked out of Patni following a dis-agreement with one of the Patni brothers. His entire division walked out with him. The defectors decided to start their own company, Infosys.

Nilekani became the Chief Executive Officer of Infosys in March 2002, taking over from Murthy. Nilekani served as CEO and MD of the company from March 2002 to April 2007, when he relinquished his position to his colleague Kris Gopalakrishnan, becoming Co-Chairman. He left Infosys on 9 July 2009 to serve as the chairperson of the Unique Identification Authority of India, in the rank of a cabinet minister under invitation from the Prime Minister of India, Dr. Manmohan Singh.

He co-founded India’s National Association of Software and Service Companies (NASSCOM) as well as the Bangalore Chapter of The IndUS Entrepreneurs (TiE).

He appeared on The Daily Show with Jon Stewart on March 18, 2009[5] to promote his book "Imagining India." He has been a speaker at the prestigious TED conference where he talked about his ideas for India's future.

He has an estimated net worth of the Indian rupee equivalent of US$1.3 billion.[6] In 2009, Time magazine placed Nilekani in the Time 100 list of 'World's Most Influential People' [7]


More @ http://en.wikipedia.org/wiki/Nandan_Nilekani




Src: Wikipedia






New trading time to be effective from January 4, 2010

New trading time to be effective from January 4, 2010

MUMBAI: Reacting to opposition from the brokering fraternity, both the Bombay Stock Exchange and National Stock Exchange have postponed the
implementation of new trade timings to January 4, 2010, from the earlier decided December 18, 2009.


The bourses will open for trade at 9:00 am instead of the usual 9:55 am and will close at the usual time of 3:30 pm.

The BSE, on Wednesday, announced advancement of trade timing to 9:45 am. Reacting to this unilateral decision, NSE said it would start trade at 9:00 am.

Many brokers were worried about the operational aspects, in addition to the strain that it will put on their daily routine. "Arranging for margin (funds) early on in the day will be a problem since banks don’t open that early,” said Nikhil Jalan of Kamal Kumar Jalan Securities. “If the exchanges are keen on extended hours, why not ensure that other systems too are in place. And by extending trade timings by an hour, you can’t really snatch volumes from the Singapore exchange, because that market will still open ahead of us and people wanting to trade there will continue to do so,” he said.

Some of the brokers who spoke to ET, on condition of anonymity, said that the regulator/exchanges should have conducted a proper poll before increasing the trading timings.

BSE's move to steal a march on NSE provoked a much stronger reaction than what Asia’s oldest bourse had expected. The BSE was learnt to have been opposed to the idea of extended trading hours all along. Yet, it went ahead and advanced trade timing by 10 minutes, in the hope that it would improve liquidity.

Incidentally, surveys conducted by the Association of National Exchange Members of India (ANMI) and the BSE Brokers Forum a few weeks ago, showed that the majority of brokers were opposed to the extension of trading hours.

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Picks for an aggressive stock portfolio HDFC Sec

Picks for a conservative stock portfolio HDFC Sec


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Src: Economictimes, Valuenotes

BSE,NSE to open trading window at 9 from Friday

BSE,NSE to open trading window at 9 from Friday

MUMBAI: What started as a battle of egos between the country’s top two stock exchanges will end up permanently altering the lifestyles of those
even remotely connected with the share market. It’s not just stock traders and fund managers who will have to begin the day early, but life will change for bank tellers, television anchors and the tea boy on Dalal Street as well.

Reacting sharply to the Bombay Stock Exchange’s (BSE) move to bring forward trading hours by 10 minutes, the National Stock Exchange (NSE), on Wednesday, said it was advancing its timing by 55 minutes, to 9 am from Friday. The closing timing will remain the same at 3:30 pm. Left with no option, BSE said that it, too, will begin trading hours at 9 am from Friday.

“We had extensive consultations with market participants...and the feedback was that now that BSE had changed its timings...so it was inevitable for NSE to change it also...so that there is no uncertainty created in the market,” Ravi Narain, managing director & CEO, NSE, told ET NOW.


Also Read
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BSE in for an early bird advantage over NSE
Integrity a must in the stock market, says regulator


No exchange can afford to remain closed while the other is open, as the exchange that is open will set the benchmark prices. Also, brokers on the exchange that is closed at that time will not have a chance to react. The dual moves sparked angry reactions from broking firms, especially the smaller firms. “This is absolute nonsense and will inconvenience those employed in the industry. We, too, have our personal lives. This is not some school where timings can be changed arbitrarily, this is business,” said Suresh Mehta, chairman and managing director of Dhyan Stock Broking.


The original advocates of early market hours were those who felt that foreign fund managers used the shallow Singapore market to hammer the
Nifty by short-selling Nifty futures there. However, this problem may still persist, as Singapore will open well ahead of the Indian market, despite the advanced timings.

But many are worried about the operational aspects, in addition to the strain that it will put on their daily routine. “Arranging for margin (funds) early on in the day will be a problem since banks don’t open that early,” said Nikhil Jalan of Kamal Kumar Jalan Securities. “If the exchanges are keen on extended hours, why not ensure that other systems too are in place.

And by extending trade timings by an hour, you can’t really snatch volumes from the Singapore exchange, because that market will still open ahead of us and people wanting to trade there will continue to do so,” he said. Some of the brokers who spoke to ET, on condition of anonymity, said that the regulator/exchanges should have conducted a proper poll before increasing the trading timings.

BSE’s move to steal a march on NSE provoked a much stronger reaction than what Asia’s oldest bourse had expected. The BSE was learnt to have been opposed to the idea of extended trading hours all along. Yet, it went ahead and advanced trade timing by 10 minutes, in the hope that it would improve liquidity. Incidentally, surveys conducted by the Association of National Exchange Members of India (ANMI) and the BSE Brokers Forum a few weeks ago, showed that the majority of brokers were opposed to the extension of trading hours.

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High-flying stocks | Top 5 picks | Mid-term picks

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Investors likely to choose US over emerging markets: Faber

Day traders shift focus to mid-caps

It may be time to start selling gold

Strong support seen at 5K for Nifty

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Heard on the street

Hostile takeover bid buzz boosts Gujarat

Heavy


Shares of Sanjay Dalmia-owned soda ash manufacturer Gujarat Heavy Chemicals surged nearly 10% on reports that the company may face a hostile takeover bid by a disgruntled shareholder, Pramod Jain. Pramod Jain holds a 5% stake in GHCL and Dalmia holds around 18% stake in the company.

This will be the second attempt by Pramod Jain to corner substantial stake in a Dalmia-owned company in a month’s time. Pramod Jain has already made an open offer for 25% of Golden Tobacco (GTC) shares at Rs 101 a share which is awaiting Sebi approval. Pramod Jain’s JP Financial Services and persons acting in concert hold a 6.47% stake in GTC. Gujarat Heavy Chemicals closed the day at Rs 54.85/share on Wednesday. GHCL is expected to hold a crucial AGM on December 31, 2009.

Of Dalmia’s a 18.26% stake in GHCL, 9% is already pledged with Indiabulls against an on-demand loan. The shares pledged with Indiabulls, however, may not be a threat after the two parties agreed to an out-of-court-settlement on December 14 over Dalmia’s default to a Indiabulls loan of Rs 225 crore.

Responding to an email query by ET NOW, Sanjay Dalmia said, “We, the promoters along with our friends, have comfortable levels of shareholding.” Sanjay Dalmia has a financial obligation of close to Rs 250 crore towards the settlement of dispute with Indiabulls Financial Services. Pramod Jain had said that he made the open offer for GTC shares to stop promoters from transferring the GTC-owned land in Mumbai as part of the payment to Indiabulls.

MFs’ asset base shrinks as cos redeem debt funds

Mutual funds are realising their worst fears with companies redeeming their investments from debt mutual fund schemes to make advance tax payments. According to fund industry sources, debt schemes — as a category alone — could see outflows to the tune of thousands of crores in December. Fund houses like ‘Bull-head MF’ ‘Real Care MF’, ‘Icy-Icy MF’, ‘Moon Life MF’ and ‘Reliable MF’ are said to have lost sizeable chunks of assets from their debt portfolios.

Advance tax payments by companies have risen over 30% in the third quarter of current fiscal, market experts opine. Prominent institutional investors like banks, manufacturing and service-related businesses have all paid higher advance tax than previous quarters. Come January, fund houses will compete with each other to coerce corporate treasury heads to reinvest in their debt schemes, in their bid to increase asset bases.

(Contributed by Nisha Poddar & Shailesh Menon)

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Strategy - Dec 17 2009

Morning Note - Dec 17 2009

Natco Pharma

Jain Irrigation Systems


Src: Economictimes, DP BLog