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New kids off the block

The pace of change in the IT industry in Tamil Nadu has been so dramatic that new icons have emerged becoming the envy of other sectors. Back in 2015, at the Global Investors Meet (GIM), the biggies, namely TCS, Cognizant, Infosys, Wipro and HCL were the type of companies that

The giant killer who indianised the corporates

Today we do not have many politicians known outside the state of their origin or around Delhi. ‘National’ leaders have been thrown up rather rarely. In this context George Fernandes, enjoying a pan India reputation, is a contrast. Hailing from Mangaluru, shifting to Mumbai at the age of 19, to

Tribute K Mahesh (1943 – 2019)

In the early 1960s TVS made its foray into the auto components sector. T S Srinivasan, the youngest son of founder T V Sundram Iyengar, acquired a large tract of land of 300 acres in Padi, a western suburb of Chennai to set up a series of manufacturing units. I

Straw the main product, rice a by-product…

  In the 1970s the brilliant technocrat entrepreneur S Viswanathan of Seshasayee Group said that in a sugar mill bagasse is the main product and sugar a by-product. The success of Tamil Nadu Newsprint and Papers Ltd. (TNPL) set up in the 1980s, proved this by its stellar performance for over

A loss for the government, but gain for society

He was the nodal officer for Tamil Nadu’s Global Investors’ Meet 2015. Months ahead he set up a countdown clock at the office of the State Industries Promotion Corporation of Tamil Nadu. On the forenoon of every Monday he used to conduct meetings of dozens of officials/institutions involved in the

Decongesting CMBT, Koyambedu

With two brilliant officers – S Krishnan and Rajesh Lakhoni – involved in administrating CMDA, there are welcome new initiatives. A few weeks ago a proposal was made for expanding the metropolitan area. In this proposal, the Greater Chennai metro area will be expanded to 426 from the existing

Why not diplomacy through economy/business

Legendary cricketer Imran Khan led his party Tehreek-e-Insaf to victory in the recent elections in Pakistan.  Despite ups and downs, he worked tirelessly to expand his political base and emerged victorious. His relationship with the army was cordial. His familiarity with India and popularity as a cricketer should be leveraged

Magnificent ‘Modicare’

Narendra Modi’s  Independence Day address this year was a  rich admixture of poetry, oration, a report card and announcements on new visionary projects. Being the last of the Independence Day addresses in his current five-year term, understandably, the speech formed the curtain-raiser for the 2019 election campaign. Modi listed out the

How ‘secure’ are the secured loans?

While the big defaulters are the major causes of banks’ sickness, recoveries in small suits could be slowly denting their profitability as it is a long drawn process. Lending may be easier, but not recoveries. Before banks emerged in India, money-lenders who dominated lending business, primarily looked to snaffle the fixed