Friday, October 26, 2007
Sweet Summer Sands
This is how his typical day looks like. He wakes up in the morning to the sound of chirping birds, having their lunch time argument, in that grand old mango true in his yard. Flashback to the good old days when a bunch of waste fellows (aka mukku, gote, bryan alias up-go-dum-blue, thambi, prash and thambi's arch nemesis Macha) used to gang up in the yard, picking up raw mangoes from that grand old tree, eating it like refugees from Somalia and shouting at the top of their voices. Of course, they never gave a thought to the fact that, gatty's great-grand father had planted that tree, hoping to live for ever, watching over his future generations.
Well, the protagonist of our story is not one made of branches and leaves, but our electrical engineer, who by now has woken up and slowly, but surely completing his morning ablutions. Now his stomach rumbles and he ambles, scratching, towards the kitchen. As a force of habit, he tries to reach out to whatever is lying on a plate there. Here he is reminded of how he used to go into his kitchen in the italian town, pick up slices of bread lying around and stuff his mouth. This was, of course, before he became a master chef cooking all things Italian, right from pasta, macaroni and such dishes whose names remain forever unpronounceable to our south Indian tongue.
He is brought back to the present by a sharp pain shooting all over his knuckles. He looks aghast. The pain is the result of a sharp rap from his mother, who is busy cooking in the kitchen. Then he realizes that he is reaching out for raw fish, which has been nicely sauntered with chilly paste and other secret ingredients. This now means a delicious, mouthwatering (slurp!) fish curry rice meal. That brings a smile on our hero's face and he ambles back to the living room towards that window to the world, that piece of metal and plastic, the ubiquitous PC.
(...to be continued. Watch this space for more adventures of gatty or in brian's alien language, mattre mattre gattre gattre!!)
Friday, August 10, 2007
Vignette
Scene 1: (In My room) Sunday 8th July
(Flashback..)
Scene 2: (PAM SuperMarket)
(Flash back )
MIT Mess....
Scene 3: (Residence.)
Me :"Hello.."
XXXX :"Hey ..its Toni."
Me :" Hey Hi..How are you man,.."
Toni :" Fine...What about beer?"
Me :" Sure..What about Florian? is he coming?"
So we decided to meet in Irish pub along with Florian... i ask for a Guinness draught.. and they go for a blonde beer..( I think it was HARP and Tennent's)
Scene 4: (The travel..)
Scene 5:(Pablo's Party...)
(FlashForward)
Somewhere in france....Its early morning...i come out of my house and i see kids playing in the lawn... she asks me something in french...i said i just had breakfast...
Song recomendation... . i think its your turn to recommend me a song!!..
Gattz
Wednesday, January 10, 2007
... And the move has started....
In 2006, Indian companies raised $ 19 billion from global markets to finance foreign takeovers and internal expansion. This far exceeded the inflow of foreign direct investment (around $ 10 billion).
India has once again leapfrogged the conventional path of economic growth. Countries normally succeed in manufacturing exports before succeeding in services, but India leapfrogged to stunning success in services first. Countries normally attract large amounts of foreign investment before venturing abroad themselves, but here too India has leapfrogged into massive investment abroad without waiting for massive foreign investment in India.
The biggest takeover story of 2006 was Tata Steel’s bid to take over Britain’s Corus (the outcome is still awaited). There is a delicious historical twist in this. When Jamsetji Tata first proposed to manufacture steel a century ago, Sir Frederick Upcott, head of the Railways, was so contemptuous of Indian capabilities that he undertook to eat every ounce of steel that Tata could produce.
One century later, Tata Steel is set to take over the whole British steel industry (which is part of Corus). Sir Frederick Upcott must be turning in his grave. The empire has struck back with a vengeance.
How can Tata afford to buy Corus, which is thrice its size? Because global financiers are happy to lend Tata $ 8 billion, confident that it will do a better job than the current British owners. The Corus management itself agrees, and has backed Tata’s bid.
This is the real revolution of 2006. India has left behind the stage of being seen as a global supplier of software, generic drugs and auto components. It is now seen as a global managerial power, one that can take over multinationals across the world and improve their performance. So, global financiers are tripping over one other to fund foreign acquisitions by Indian companies.
This new Indian image owes much to Lakshmi Mittals’ success in acquiring and turning round steel plants in many continents, becoming global number one in steel. His key managers are mostly Indians. Their success has established Indian managerial capabilities in steel as being superior to American and European ones.
But Mittal is not an isolated example. Virtually every top Indian company in software, pharmaceuticals and auto has acquired foreign companies or set up greenfield factories abroad. I don’t want to bore readers with the full list of Indian acquisitions in 2006, but here are some prominent examples.
Tata Tea acquired US energy drinks manufacturer Energy Brands for $ 677 m. Dr Reddy’s Labs acquired Betapharm of Germany for $ 570 m. Suzlon acquired Eve Holdings of Belgium to become one of the world’s top manufacturers of windmills. Ranbaxy acquired Romanian pharmaceutical producer Terapia for $ 324 m. Tata Coffee acquired US company Eight o’Clock Coffee for $ 220 m.
Medium Indian companies have rushed into foreign acquisitions no less than big ones. Bharat Forge has acquired half a dozen companies in the US and Europe and become global number two in automotive forgings. It hopes to become number one by 2008. Amtek Auto would like to become number one in castings, Jain Irrigation in drip irrigation and sprinklers, Sundaram Fasteners in industrial fasteners. Essel Packaging took over Switzerland’s Propack some years ago to become global number one in laminated tubes (used for packaging toothpaste and cosmetics).
Many medium Indian companies (eg. Havells, Bharat Forge, Wockhardt) have managed to raised billions abroad for unspecified takeovers at some future date. India Inc. has acquired such a good image that it matters less and less which Indian company is raising finance, for what purpose and in which country. Global finance is willing to back Indians to take over the world.
Till recently, Indian businessmen were terrified of competing with China. But now a dozen Indian companies including Mahindra, Infosys and Sundaram Fasteners are investing in China, confident of beating the Chinese in their home ground. Essel Propack has long been number one in China.
The world now believes that Indians are excellent managers, better than those in several American and Eruropean countries. What used to be the biggest companies in the world, General Motors and Ford, today have a credit rating far lower than that of Tata, Birla, Reliance and other Indian groups. Indian companies can raise cheap international finance to acquire ailing American giants, but not the other way round. Hundreds of Indian companies have become MNCs with growing empires.
Gattz
* courtesy swaminomics