CAREER


T gave me an unusual assignment – sell off our bank’s share-holding in a bank in a Third World country.   I had to go to that country to get the job done.    T sent me off on my mission with these parting words: “Don’t bother to return if you fail to complete the...

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There was a time in the past when the ideal mix for a successful executive was represented by THC. In all my presentations, I kept harping on this formula- the key to open closed doors.    Technical skills, was generally the first key for the entrance door. That is how one got a job...

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The Central Board of Secondary Education (CBSE) exams for Class 10 have been cancelled and the exams for Class 12 postponed in view of the exponential spike in Covid-19 cases across the country, Union Education Minister Ramesh Pokhriyal Nishank announced on Wednesday.   The decision...

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In a significant move amid zooming Covid cases, the state government on Monday announced that it has decided to postpone the Maharashtra State Board of Secondary & Higher Secondary Education (MSBSHSE) final examinations for the current academic year.   Education Minister Varsha...

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Even after a year of Covid-19 pandemic and remote working, are you still struggling to strike an efficient balance between your home office and life?   Run a white-noise machine to mask household clatter, make your noisy neighbours aware of your work schedule, and resist the...

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T put me in charge of credit for Pakistan as well.   This meant that any credit proposal from Pakistan would reach me first, and I would have to evaluate it and recommend to T whether the proposal should be approved or not.   On the second day after becoming responsible for...

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Winston Churchill followed an old principle that says that if you have to give a speech for two hours, you need just half an hour to prepare the talk. But if you have to give a speech for just 20 minutes, you need perhaps three hours to prepare for it.    That is also the reason why...

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International property consultant Knight Frank has observed in its recent Attitudes Survey 2021 that 14 per cent of India's ultra-high net worth individuals (UHNWIs, $30 million plus) are from the salaried employee segment.   This makes India the fourth highest contributor in the Asia...

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Now that COVID seems to be ending, you may be mulling over the idea of sending your son or daughter to a foreign university for an under-graduate education.   Ask yourself: why?   If the reply is: “Why not? I have pots of money,” then this article is not for you.   If...

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When I worked for Glaxo 60 years ago, it was accepted that a weekend was ‘leisure time’. It was a break – and one came back on Monday, fresh from whatever you had been doing on the weekend. It was only when I joined a company with a young Indian heading the company as chief executive (CEO),...

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T had a running battle with the other general manager (GM), a national from the United Arab Emirates (UAE), who managed a subsidiary bank.   The two GMs would bicker all the time, and I was in the middle because as head of credit for both banks I was reporting to both.   Every...

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Chief executives (CEOs) occupying the corner office for life (or the rest of their working life) can be an advantage - but more often, a disadvantage. One has to go back to the adage “Power corrupts, absolute power corrupts absolutely.”    The advantage is that such a CEO virtually...

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Students who qualify for Chartered Accountant (CA) and Company Secretary (CS) will now be considered equivalent to those who have completed their post-graduation degrees.   As a result, those who have completed CA and CS can appear for the University Grants Commission's (UGC) NET...

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Moneylife Digital Team 15 March 2021
The percentage of education loans that has become non-performing assets (NPAs) has declined over the past three years. However, surprisingly, nursing and engineering are the top two streams where percentage-wise NPAs are the highest, shows information provided in the Lok Sabha.    In...

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When it comes to the IT and tech industry, only 19 per cent of women working in the sector said they were inspired by a female role model to take up the profession, a new report revealed on Sunday, stressing that the lack of female representation is still a key barrier to achieving a diverse...

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In case your mental picture of T is that of an inhuman, evil ogre, here is a glimpse into his humane side.   T’s hairy tales    T had a great sense of humour.   As I have said earlier, he was almost completely bald (more about the “almost” later).   When T was...

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Some time back, I had written about a chief executive officer (CEO) who was insecure, worked for 12 hours a day in the office, had no hobbies, was married to his assignment foot, arm and shoulder, and expected undiluted loyalty (adulation) from his subordinates.    I worked on his...

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IANS 23 February 2021
As the pandemic has severely impacted the employment scenario and several sectors still remain fragile, loss of income or employment remains the biggest personal concern of urban Indians, according to a survey.   The WEF-Ipsos survey showed that at least two out of three three Indians...

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T’s campaign against the HR head found an excellent avenue.   The HR head had embarked on a “job evaluation” exercise.   As anyone with any sense knows, if you do such an exercise the following will happen:   - 80% of the staff will remain in their current job grades,...

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Moneylife Digital Team 08 February 2021
ICICI Prudential Asset Management Company announced the appointment of Anand Shah as Head of PMS (portfolio management service) & AIF (alternative investment fund) Investments.    Speaking at the occasion, Nimesh Shah, MD & CEO, ICICI Prudential AMC said “We  at  ICICI  Prudential ...

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