RIL discovers third gas reserve in KG basin

RIL discovers third gas reserve in KG basin

NEW DELHI: Reliance Industries on Tuesday said it has made a third successive gas discovery in the D3 deep-sea block in the Krishna

-Godavari

Reliance Industries' KG-D6 facility World's top oil exporting countries World's top 10 oil producers World's largest refining companies

basin, off the east coast. ( Watch )

Reliance found three gas reservoirs in the KGV-D3-R1 well drilled on the block KG-DWN-2003/1 (or D3), a company statement said here.

The block, located about 45 kilometres off the coast in the Bay of Bengal, is in the vicinity of its prolific D6 block where three of the 19 oil and gas finds have already been put on production.

"This discovery (in D3) supplements RIL's understanding, of the petroleum systems within the block," it said.

Reliance holds 90 per cent interest in the block that it won in the fifth round of auction under the New Exploration Licensing Policy. Hardy Exploration and Production India Inc, a unit of Hardy Oil of UK, has the remaining 10 per cent.

"Three reservoir zones were encountered at Miocene level having gross thickness of 4, 23 and 16 meters," the statement said adding the discovery has been named Dhirubhai-44.

The first two exploratory wells (KGV-D3-A1 and KGV-D3-B1) resulted in gas discoveries (Dhirubhai 39 and 41) and are presently under appraisal.

"Besides the above discoveries, several prospects have been mapped at different stratigraphic levels," the statement added.

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Nifty lacklustre; SAIL, Tata Steel, IDFC up

Nifty can reach 5650 if it breaches 5150: Daryl Guppy

2009: Good for investors, tough on Mutual Funds




Src: Moneycontrol, ET

Heard on the street

Heard on the street

Market on a lean holiday diet in 2011

STOCK exchanges

have been spared some more unpopularity, thanks to several public holidays falling on weekends. There is a move afoot to cut down the number of trading holidays, as the wise men feel that the Indian market has one too many, compared to international markets. The reason to cut down on the number of holidays is based on the premise that investors here will not have a chance to react to major global events if the Indian market is closed.

This is, of course, assuming that no major global developments will unfold on January 26, August 15, or on the day of Bhau Bheej, or any of the other holidays that do not happen to be global ones.

“This year a large proportion of the holidays is falling on a Saturday/Sunday. We have only 11-12 holidays falling during the week. This year is taken care of. 2011 is when a shorter list — 8 to 10 days — will come into effect by which time the equity market will also have moved to a 9-5 pm cycle,” said a senior broker, who was present at the meeting NSE had with six top retail broking firms.

Garware Offshore sets sails for the north

SHARES of Garware Offshore have risen around 12% in the past one month. Buzz is that increasing demand for offshore support vessels is driving interest in the stock. Speculation is that some financial and strategic investors

are planning to pick up a stake in the company through secondary market transactions, though talks are said to be at a preliminary stage. In anticipation of this, “friendly circles” are said to be accumulating the stock

.

Rel Equity, Daiwa lose top honchos to Macquarie

MACQUARIE Securities is looking to beef up its equities team in India. Amongst its new hires are Sudhanshu Bhuwalka who joins as associate director, equity sales, from Reliance Equities, where he was co-head of equity sales. Neil Nathwani has joined Macquarie’s equity sales team from Daiwa in London where he was the India specialist for Europe. Suresh Ganapathy is joining to head Macquarie’s financials research team for India. He joins from Deutsche Bank’s cash equities business in India.

Orient Green Power to raise Rs 600-cr via IPO

GREEN is the new black. With green or clean energy gaining momentum across the globe, market observers expect companies operating in the renewable energy space to take the IPO route. Orient Green Power, a subsidiary of Shriram EPC is one such candidate. It has appointed Goldman Sachs, UBS and JM Financial as bankers for its Rs 500-600 crore IPO.

Contributed by Deeptha Rajkumar, Reena Zachariah & Apurv Gupta


Src: ET
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Balmer Lawrie & Company: Bargain hunt begins! Rathin Shah

India equity strategy: 2010 NextGen India Investments

14th Annual Wealth Creation Study 2004-2009 Motilal Oswal

Two attractive mid cap picks Sanjay Chhabria

Picks for an aggressive stock portfolio

Picks for a conservative stock portfolio


Src: Valuenotes

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Stocks trader's favoured the most in 2009: An analysis

Stocks trader's favoured the most in 2009: An analysis

Some stocks have had a great run in 2009. They have attracted traders and investors for the year round. CNBC-TV18’s Varinder Bansal reports,

These stocks are only punters delight – the way they have moved for the entire year with gains of anywhere between 2,000%. The marketcap of these stocks are well above most of the stocks we talk on the channel.

Kwality Dairy: Biggest winner of 2009?

Kwality Diary, a company with a market cap of Rs 2,000 crore, has gained nearly 2,000% in 2009. Looking at the one-year chart, the stock was at a price of Rs 5.5. It went to as high as Rs 1,360 and then there was a stock spilt from 10 to 1 and now the stock is trading around Rs 100.

On the financials front, FY09 the profit after tax (PAT) of this company was around Rs 10 crore and FY08 the PAT was nearly Rs 4.5 crore. So the company with market cap of Rs 2,000 crore is having a PAT of nearly Rs 10 crore.

The promoter holding in this company is interesting with four promoters and 32 individuals together hold nearly 93.5% stake in the security. The free float in the company is very less and that is why most of the stocks tend to react because of cornered shares in the public. Also, the existing promoters of this company bought this company in 2003 at the price of only Rs 3 crore and now see the way the stock has moved up. The company is only engaged in the diary business.

Gee Kay Finance and Leasing Co: Another trader’s delight?

This company has a market cap of nearly Rs 4,000 crore, which is even higher than IndusInd bank or Dena Bank or most of the PSU banks. The stock has gained nearly 1,800% and again in this case we have seen there was a stock split in the month of December and the stock started with a price of nearly Rs 4 and went to as high as Rs 560 and now after the stock split is trading at around Rs 80.

The volumes have been good in this stock. In the last 4 years for this company there is no profit for this company. The PAT of 2009 there was a loss of Rs 29 lakh and 2008 it was a loss of nearly Rs 4 lakh.

Promoter holding will be very interesting because the promoter holding in this company is only 0.5% and there are 26 individuals who hold nearly 90.86% equity in this company. So again you have distorted equity, which is spread only in 26-27 people and the rest 7-8% is with the public.

These are the few cases where you have seen huge gains but this is all punters delight, no fundamentals which are attached to both the shares.

Other outperformers of 2009:

Company	Dec 31, '08	2009 Chg
Auro Pharma	Rs 168	429%
Mcleod Russel	Rs 49	427%
JSW Holdings	Rs 301	427%
Hexaware Tech	Rs 21	348%
Orbit Corp	Rs 62	339%
Uttam Galva	Rs 27	334%
Polaris Software	Rs 43	326%
HOEC	Rs 66	312%
Havells India	Rs 122	309%
Jindal Saw	Rs 44	307%
Deccan Chron	Rs 44	247%

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Thirteen year-end lists you have to read

This is a list of lists. Dedicated to all obsessive list makers and readers
1. Time Magazine — Person of the Year:
The tradition of selecting a Man of the Year began in 1927, with Time’s editors contemplating newsworthy stories possible during a slow week. It was also an attempt to remedy the editorial embarrassment earlier that year for not having aviator Charles Lindbergh on its cover following his historic trans-Atlantic flight. While the designation is usually regarded as an honour, previous awardees include Hitler and Stalin. This year, the list of candidates is fairly controversial, and includes Iranian protestors and Somali pirates.

Click for more

2. Vanity Fair — Year in Pictures:
Vanity Fair images are often as important as the story — sometimes the images are the story. This list is a summation of the most iconic images to appear in the magazine in 2009. Past pictorials include the controversial, such as David LaChapelle’s with actor Mike Meyers dressed as a Hindu deity, and the heart-wrenching, like James Nachtwey’s images of Vietnamese children disfigured by Agent Orange.

Click for More

3. BBC — Sound of 2010:
The list is designed to find the best up-and-coming musical acts for the coming year. More than 130 of UK’s leading music critics and broadcasters name their favourite new acts and finally a long-list of 15 is prepared .

Click for More

4. GUARDIAN — Books of the year:
The Guardian’s guide to the Best Books of 2009 isn’t your usual, monotonous roundup of the best pickings. The British daily has asked leading figures in the arts to pick their books of the year, from novelist Nick Hornby, to fashion favourite Vivienne Westwood and even film director Sam Mendes. Definitely check out this list and enjoy choosing from a host of opinions. The only blot on file would be politician David Cameron’s choice of political diaries…can you say predictable?

Click for More

5. New York Times — Annual Year in Ideas:
This series from The New York Times Magazine is a digest of ideas that helped make each year, for better or worse, what it was. The ideas are not necessarily good ideas or even the most popular. They’re only alphabetically ordered. But they are ingenious, inspired, perplexing and some even outright illegal — a fresh selection of intellectual sushi. Enjoy.

Click for More

6. Amazon — Best of 2009 Books:
Amazon, the pioneering online bookseller, has two main lists out: The top 100 picks by their editors, and what sold most. The editors’ top pick is called Let the Great World Spin. Readers chose Dan Brown’s The Lost Symbol. There are also sub-lists by genre, so you can just go check out what interests you.

Click for More

7. Roger Ebert’s Movie Yearbook 2009:
Roger Ebert is an American film critic and screenwriter. He is known for his film review column (appearing in the Chicago Sun-Times since 1967, and later online) and his reviews are syndicated to more than 200 newspapers in the US and worldwide. In 1975, Ebert became the first film critic to win a Pulitzer Prize for Criticism. We recommend a copy of his annual movie yearbook which is predominately a collection of his reviews of that year. The heavy use of mocking sarcasm, dry wit and shocking candour makes it one of the most irresistible ways to lay 2009 to rest!

Click for More

8. Esquire — 30 Women We’ve Loved in 2009:
This one’s for the boys. Esquire, the original men’s magazine, was founded in the United States in 1932 as a reaction to the tyranny of women’s magazines during that time. And from its very first issue, there has always been an appreciation of women. The list is a recap beyond the Sexiest Woman Alive, and is accompanied by great photos of the great women of today. This year’s fab 30 include Candice Swaponoel, the new face of Victoria’s Secret, Italian beauties, an SNL favourite and a carpenter with an inventive use for walnuts!

Click for More

9. The Economist — The World In 2010:
The World in 2010 is the 24th edition of The Economist’s annual collection of predictions for the year ahead — with views from journalists, politicians and business people. The edition will be sold in 90 countries and translated into around 20 languages. So what are some of the forecasts for 2010? The World in 2010 predicts regime change for the UK, with a clear Conservative majority. Gordon Brown, are you listening?

Click for More

10. Time Magazine — Top Ten Everything of 2010:
The Mother of all year-end lists! Time magazine’s amalgamation of all the Top Ten’s of 2009, from the year’s best (or rather, worst) political gaffes, fashion faux paus, iPhone Apps, and even medical breakthroughs. Chart the highs and lows of 2009 from these 50 wide ranging lists.

Click for More

11. Foreign Policy’s Top 100 Global Thinkers:
From this year’s Nobel Peace Prize winner, to the brains behind Iran’s Green Revolution, Climate Change’s messiah Dr. Rajendra Pachauri and Nouriel Roubini, the economic Cassandra who actually did have a crystal ball — they had the big ideas that shaped our world in 2009. Read the list to see the 100 minds that mattered most in the year that was.

Click for More

12. Lonely Planet’s Best in Travel 2010:
Considering where to go in the coming year? Lonely Planet’s guidebook presents the top 10 countries, regions, and cities to visit in 2010, chosen by Lonely Planet’s global team. Expect old favourites, like New Zealand, chosen because of its spectacular landscapes, proud Maori culture and fine food and drink. Also mentioned are the obscure, like Fernando de which had only 9,000 foreign visitors last year.

Click for More

13. Time Magazine — 50 Best Web sites of 2009:
Clear out your bookmarks. You’re going to need the space for Time magazine’s roundup of 2009’s 50 offerings that are indispensable to navigating, shopping or just killing time on the Web. It’s a tough choice between Flickr, Twitter and YouTube.

Click for More

(Compiled by: Shloka Nath, Charles Assisi, Saumya Roy, S. Srinivasan)

By: Shloka Nath/Forbes India

More from Forbes India

Src: moneycontrol.com

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Stock Reports:

HCL Technologies, Kewal Kiran Clothing

Maruti Suzuki

Nava Bharat Ventures

SKF India, CMC India, Kalpataru Power

Weekly Technicals - Dec 21 2009

Weekly - Dec 21 2009

Src: DP Blog

20% correction in global mkts likely: Mark Mobius

20% correction in global mkts likely: Mark Mobius


Executive Chairman of Templeton Asset Management, Mark Mobius expects a 20% correction in global markets. “That’s the kind of correction that we would expect in the bullish environment we've had for almost one year now. So, 20% should not be surprising. I was thinking this to be a buy situation resulting in a global 20% correction but it hasn't happened yet. However, I think we may see that. Of course on an individual market level it can happen. China has already corrected by that much. So that could certainly happen.”

China and India story

Bullish on China and India, Mobius said, “From a longer term perspective we are still quite bullish on both China and India. The growth rates are very high, inflation is low, money supply as you know globally still very high.”

RELATED NEWS See 12000 on Sensex before 21000: Shankar Sharma Existing monetary policy destabilising US eco: Marc Farber

Also Read See what other FIIs are saying about the markets See what other experts are saying about markets See what Udayan Mukherjee is saying about the markets RSS feed for news Click here

‘In the middle of valuation range’

He feels the markets are in the middle of a valuation range. “At a low point in the last ten years it was one time's book. At the high point, it was three times of the book value and now it's about two times. So we are more or less in the middle of the valuation range. But as I said with the high money supply that we see, low interest rates cause derivatives alive and well. This trend is definitely with us and we think it will continue into 2010.”

On Commodities

Expecting commodity prices to move higher, Mobius said, he sees a lot of opportunity in the consumer space. “There are two sectors that we are emphasising. First is commodities, we believe that commodities will continue to trend upwards because the demand supply situation is such that we see high prices. The second area would be consumers—the per capita incomes are going up at a very rapid rate, thus I see a lot of opportunity in the consumer area.”

US on a growth path

The US economy is likely to see a recovery in 2010, according to Mobius. He sees the emerging markets too to do well in 2010, much in line with the US. “Though Ems have suffered on their exports, they would see a recovery in 2010. With this US recovery the entire global situation will look a lot brighter. I think the US is going to do quite well.”

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Heard on the street

Early JLR turnaround hope lifts Tata Motors

Tata Motors was among the big gainers in Friday’s bearish session, with the stock gaining over 3% supported by strong volumes. On BSE, the stock closed at Rs 732.75, with 12 lakh shares changing hands compared with a two-week daily average of about seven lakh shares.

Players tracking the counter say the rise could have to do with some purchases by fund managers, convinced about a buy recommendation on the stock by JP Morgan on Friday. The brokerage has raised its rating on the stock to ‘overweight’ from ‘neutral’, and assigned a price target of Rs 825, after a meeting the company’s senior management.

Morgan is betting on a quicker-than-estimated turnaround at Jaguar Land Rover, because of improvement in the global economy, and also a sustained growth in the company’s domestic commercial vehicle business. Fund managers may be willing to take a medium-term bet, but derivatives traders seem confident that the stock is due for a correction.

Tata Motors December futures closed at a Rs 4 discount to cash on Friday. Open interest shrunk by 3.2%, indicating many traders with long positions would have used Friday’s rally to pare their positions.

Market seen in range as bulls, bears play safe

With the Nifty closing below the 5000-mark on Friday, the gloomy mood in the bull camp persists. Key indices have been range-bound for the past few weeks, and the “consolidation” is turning out to be longer than what bulls had thought. Even the staunchest of bulls are now bracing for a downturn over the next one month, with some saying that the Sensex could shed around 2000 points.

Those who have missed out on the rally this year are eagerly awaiting the correction with cheque books in hand, hopping to net some good bargains. But will the market correct as sharply as expected? Those gloomy/cautious /cautiously optimistic are not backing their words with actions. In other words, they are not selling the shares in their portfolios.

The mood in the bear camp is not upbeat either. Having lost money repeatedly over the past few months, trying to call a correction, bears are lying low. Question is, if bears are reluctant to go short, and bulls don’t want to sell shares, what will bring about the corrections. Looks as though stock prices are likely to be range-bound for some more time, to the frustration of both bulls and bears. Arshiya jumps nearly 50% in a month Arshiya International appears to have caught the fancy of traders of late. The stock rose around 1% in a weak market on Friday, closing at Rs 188.25. Over the past one month, the stock has risen 43%. It is hard to see what bulls are excited about in the stock. For FY09, the company reported consolidated revenues of Rs 500 crore, and an earnings per share of Rs 11.30. For the first half of the current financial year, the company has clocked revenues of Rs 228 crore and an EPS of Rs 4.31. Unless the company’s topline and bottomline grow significantly during the remainder of the year, the price-earning multiple of 17 looks stretched. The extremely low-profile top executive of a domestic broking firm, with a sizeable stake in the firm, is said to be the self-styled advisor to the company, and is also pitching the company to institutional investors. Earlier this week, Arshiya’s subsidiary sold its Cyberlog product suite to Aurionpro Solutions for $10 million. Incidentally, the low-profile executive holds a decent stake in Aurionpro, too. (Contributed by Santosh Nair)

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RIL continues to be top pick of MFs in Nov

See 12000 on Sensex before 21000: Shankar Sharma

See 2010 as a stock picker's market: PN Vijay

Gas case: Hearing ends; solicitor general makes final pitch

Report: Mark-to-mkt performance of IPOs of 2009

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From Economictimes

Flurry of IPOs set to hit markets in 2010

2010 may be a positive year for Indian investors: Credit Suisse

Trading pattern of recent IPOs | Potential stocks

Obama reaches climate deal with India, China, SA

Markets seen lacklustre; RBI move eyed

Low volumes may cause volatility

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Src: Economictimes, Moneycontrol

Mukesh Ambani ranked 5th best CEO in the world

Mukesh Ambani ranked 5th best CEO in the world

NEW DELHI: Mukesh Ambani, who heads India's most valuable company Reliance Industries, has been ranked among top five best performing CEOs in the world by the prestigious Harvard Business Review.

Ambani, the only Indian to feature among top 50 CEOs, is in the same league as Steve Jobs of Apple, Yun Jong-Yong of Samsung Electronics, Russian energy firm Gazprom's Alexey Miller and John Chambers of Cisco Systems.

He is also ranked number two among the top 10 emerging market CEOs with Miller at the top.

K V Kamath of ICICI Bank is the other Indian in the list of Top 10 Emerging Market CEOs. He is ranked at number 9.

The Harvard Business Review said it ranked CEOs of large public traded companies in a study conducted over 2000 CEOs worldwide. The entire group represented 48 nationalities and companies based in 33 countries.

It put Ambani in the list of "up-through-the-ranks leaders" along with the Samsung boss.

"Among the up-through-the-ranks leaders on our list are Yun Jong-Yong, who joined Samsung straight out of college and worked there 30 years before becoming CEO, and Mukesh Ambani, who joined RIL in 1981, when it was still a textile company run by his father. These CEOs may not all be household names, but here's an objective look at who delivered the top results over the long term," HBR said, ranking Steve Jobs

as the top CEO in the world.

Jobs, it said, delivered a whopping 3,188 per cent industry-adjusted return (34 per cent compounded annually) after he rejoined Apple as CEO in 1997, when the company was in dire strait.

From that time until the end of September 2009, Apple's market value increased by USD 150 billion.

He was followed by Yun Jong-Yong, who ran South Korea's Samsung Electronics from 1996 to 2008. "Yun is an example of a leader who has stayed out of the limelight. During his tenure he capably transformed Samsung from a maker of memory chips and me-too products into an innovator selling digital products such as leading-edge cell phones."

Miller was number 3 followed by Chambers. HBR said none of the top three CEOs had a MBA. Ambani and Chambers were the only two on the top five to hold degrees in business administration

.

"CEOs who were promoted from inside the company tended to have stronger performance than those brought in from the outside," said HBR.

mOre @ Mukesh Ambani ranked 5th best CEO in the world

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India-origin Ayer among top 12 CEO exits in 2009: Forbes

Reliance biggest wealth creator in FY09, Unitech fastest


Italian honour for Ratan Tata




Src: Ecoomictimes

Heard on the street

Heard on the street


Rain Commodities on a high as FIs turn bullish

Shares

of Rain Commodities, one of the largest producers of calcined petroleum coke (CPC), have been on an upward journey despite a downtrend in the broader market in the past few weeks. Market sources say institutional investors have been bullish on the stock with a leading mutual fund acquiring sizeable stake through the open-market route recently.

Analysts expect CPC demand to get a boost amid commissioning of many large aluminium capacities in the next few years. Rain Commodities also manufacturers cement which is marketed under the brand ‘Priya Cement’ in the South. Last week, Reliance Mutual Fund bought a 4.5% equity, raising its stake to 9.1% in the company.

The growing institutional interest in the counter is also reflected in the sharp rise in the share price. The stock climbed 9% to Rs 234.8 in a flat market on Thursday, recording a 39% jump in the past one month.

Overseas fund managers welcome early trade

Foreign fund managers tracking India out of Singapore and Hong Kong are happy that trade timings have been advanced rather than extended, while domestic fund managers wish that it would have been the other way round. These money managers

start their day as early as 7 am (Hong Kong/Singapore time).

By the time those markets close, there is about two-and-a-half hours of trading still left in India. So, the fund managers leave for home at 6 pm (HK/Singapore). Had timings been extended beyond 3:30, these fund managers would have been delayed in office for another hour. But domestic fund managers are unhappy, considering that they will now have to begin their day earlier.

Lack of clarity on RIL’s Lyondell bid drags down

Shares of Reliance Industries drifted lower on Thursday, shedding 1.2% over its previous close to end the day at Rs 1,034, and weighing down the main indices. The market is awaiting whether RIL will make a financial

bid for Dutch petrochemical firm LyondellBasell.

Market participants say officials from RIL’s investor relations team had met up with fund managers on Tuesday, where it was indicated that the bidding process could be a long-drawn affair, and that it would bid “reasonably” and not “aggressively”.

(Contributed by Vijay Gurav & Santosh Nair)


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India Financials

Wealth Creation Study

Src: Economictimes, DP Blog

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

C. K. Prahalad

From Wikipedia, the free encyclopedia

(Redirected from Prahalad)

Jump to: navigation, search

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].

Contents [hide] 1 Personal life and education 2 Career 2.1 Writings, interests, and business experience 3 See also 4 References 5 External links

[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

• Bottom of the Pyramid
• Core competency
• Co-creation

[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

From Wikipedia, the free encyclopedia

Jump to: navigation, search

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]

Contents [hide] 1 Early life 2 Career 3 Personal life 4 Honours and awards 5 Bibliography 6 References 7 External links

[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