Business Today November 22, 2015

A couple of years ago, on a flight to Mumbai, I found myself sitting next to the senior professor of one of India’s premier management schools. During the course of the conversation, he remarked that management schools across the country were being forced to re-examine what they taught and the way they taught it because of the demands of the market. His school, he said, was examining how to start a specialisation in family business management and succession planning because of the increasing number of scions of mid-sized family businesses, who wanted to get formal management education. While they all knew that they would join the family business after passing out, many of them were keen to know how to handle older employees who had been with their fathers for…

BT’s Philharmonic Orchestra This refers to your special issue on India’s Most Valuable Companies (The Great Churn, November 8, 2015). It was literally the BT Philharmonic Orchestra setting the right tone for progressive Indian organisations on the irrefutable notes of facts and figures. It was a wonderful study of multifarious industrial segments, churning out the most valuable companies focusing primarily on market capitalisation and examining relatively the diverse metrics of assets, income, net profit and debt. It has imparted fresh insights to readers, entrepreneurs, policymakers, governing bodies, and industry watchers. The methodical analysis has highlighted pressing issues, persistent gaps, cascading trends, ground realities and scope for betterment of the Indian industrial scenario. Kudos to the Business Today Team for its arduous sifting of enormous numbers and innumerable facts through methodology…

India announces $10 billion credit for Africa. At what rate of interest and security... Any period of repayment? – Ken_Masters, @Michael_EPorter There is no scholarship for students, but sufficient funds to lend other nations! You are such a hypocrite, Mr Prime Minister. – Rohan's Vue, @Rishchal Government approves 16 FDI proposals worth `4,722 crore. Does the Prime Minister think that foreigners will bail him out of this mess? – Mayur Panghaal, @mayurpanghaal US central bank Federal Reserve keeps rates unchanged, puts December rate hike firmly on the agenda. Let all PSU banks double the paid-up capital to provide bank loans to all families to double the GDP by 2020. – Movva Krishnarao, @vkraomovva JustDial is the top loser among F&O stocks; cracks 11% after Q2 earnings trail estimates. That’s not…

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THE HINDU RATE OF INTERNET ACCESS Even while Reliance Jio, Airtel, Vodafone and other telecoms are talking about the virtues of 4G and blazing fast speeds, Mark Zuckerberg, Founder, Chairman and CEO of Facebook says that the Menlo Park headquartered social network has started something called 2G Tuesdays internally – to give his employees an idea of the slow internet speeds that users in India and some other developing nations have to deal with. “It is easy... they don’t have to wear make up” Donald Trump, the Republican presidential candidate, ruffled even more feathers when he said that women like wearing Burqas because it allows them not to wear make up... HUM DO, HAMARE DO China is ending its one-child policy that came into effect in 1979, reports Xinhua. The…

02 COLLABORATIVE EFFORT WHAT: Second Interregional Meeting of National Commissions WHEN: November 2, UNESCO Headquarters, Paris, France WHAT TO LOOK FOR: A platform for representative nations to exchange information and experiences towards furthering UNESCO’s objectives. The United Nations Educational, Scientific and Cultural Organization promotes collaboration among nations through education, science, culture and communication to further universal respect for justice, for rule of law and for human rights and fundamental freedoms as per the Charter of the United Nations. 07 LEG UP FOR DEFENCE WHAT: Industry – Defence Linkage WHEN: November 7, Raipur WHAT TO LOOK FOR: Taking off from the government’s Make in India initiative, it aims to promote investment in defence production units by bringing together defence procurement officials and the corporate sector. The event will be attended by…