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R Sukumar

Sukumar Ranganathan is the Editor-in-Chief of Hindustan Times. He is also a comic-book freak and an amateur birder.

Articles by R Sukumar

Flipkart doesn’t meet definition of ‘Indianness’. Ola may

This cry for help by the protectionist lobby is not very different from a schoolyard bully calling for help from a teacher at the entrance of a more muscular bully

Bhavish Aggarwal, CEO and co-founder of Ola, an app-based cab service provider. Indian law has a very clear definition of the ‘Indianness’ of a company. Incorporated in India, and majority owned and controlled by Indians and Indian entities(Reuters)
Updated on Apr 30, 2017 09:50 PM IST

There is such a thing as too much money

Money, especially a lot of it, encourages profligacy. Companies expand rashly into new markets. They spend a lot on advertising and marketing. They hire people they don’t really need.

Money, especially a lot of it, encourages profligacy. Companies expand rashly into new markets. They spend a lot on advertising and marketing. They hire people they don’t really need.(REUTERS)
Updated on Apr 24, 2017 06:55 AM IST
ByR. Sukumar

Should the government have a stake in tobacco companies?

A petition filed in the Bombay High Court is asking a question about the government’s direct and indirect stake in ITC Ltd, India’s largest cigarette company.

A petition filed in the Bombay High Court is asking a question about the government’s direct and indirect stake in ITC Ltd, India’s largest cigarette company.(AFP Photo)
Updated on Apr 16, 2017 06:48 PM IST
ByR. Sukumar

Farmers’ debts: Loan waivers are great palliatives, but can’t tackle problems

Some pundits have equated these with some corporate debt restructuring exercises, but the solution to sweetheart debt restructuring deals that banks get into with companies lies in prevention, not in compensation.

In India, agriculture remains highly regulated, with inadequate linkages to markets, and opaque and unscientific pricing(AP)
Published on Apr 10, 2017 07:16 AM IST

Mindless development is threatening our commons

Many of the hotspots in the Central Asian Flyway, a migratory path that birds have been using for thousands of years, are privately owned land or commons. Across India, the commons are under threat and the owners of agricultural land are selling their holdings thanks to the relentless development of our cities

Migratory birds at the Yamuna, New Delhi, India. (File Photo)(Saumya Khandelwal/HT)
Updated on Mar 19, 2017 09:33 PM IST

Science is well: Innovation is alive and kicking in India

The TR Under 35 show gives a platform to a bunch of young innovators working on non e-commerce and non dot com innovations and start-ups working on the bleeding edge of technology

MIT Technology Review editor-in-chief Jason Pontin at EmTech India 2017, the Indian leg of MIT Technology Review’s global awards platform for young innovators(Mint)
Updated on Mar 15, 2017 06:33 PM IST

Snapchat captures the zeitgeist of the 2010s

For advertisers and content creators , the success of the Snap IPO is further proof of the appeal of bite-sized and very short-lived content

Snapchat co-founders Bobby Murphy and Snap Inc CEO Evan Spiegel prepare to ring the opening bell as Thomas Farley, president of the NYSE, looks on, New York, March 2.(AFP)
Published on Mar 06, 2017 07:26 AM IST

In the age of Ola and Uber | The $40-bn question: Are people ready to pay more?

Amazon, Flipkart, Snapdeal, Uber and Ola, in contrast, have created markets where none existed. Now, they have the task of ensuring these markets stay intact, or at least do not shrink too much

Ola and Uber drivers during a protest at Jantar Mantar, February 14. Both Ola and Uber have run into problems with their drivers who see themselves not as the micro-entrepreneurs the two companies claim they are, but employees.(Vipin Kumar/HT PHOTO)
Updated on Feb 26, 2017 08:45 PM IST

Infosys ceasefire leaves three questions unanswered

An effective resolution would require more transparency about the variable pay of Sikka. It would require a detailed explanation of why exactly the board signed off on Bansal’s severance (and there is some confusion on who initiated the generous payout)

Infosys Technologies CEO Vishal Sikka at the announcement of the third quarter financial results of the company at its headquarters in Bengaluru, January 13(PTI)
Updated on Feb 20, 2017 09:00 AM IST

Post Cyrus Mistry, governance structure in Tata group needs to be redefined

The Tatas wanted the world to see Mistry as an inexperience parvenu who wanted the house of Tata to become the house of Mistry. And the Mistry camp wanted it to see Ratan Tata as an interfering busybody loath to let go. Both depictions are patently false, but the damage has been done

Ratan Tata with Cyrus Mistry in happier times. Events of the past three months have raised questions not just about Mistry’s firing but also about his hiring.(PTI file photo)
Updated on Feb 22, 2017 10:21 AM IST

US visa curbs will push Indian IT firms away from ‘global delivery model’

The US’ new H1B policy will also affect the lives of the few hundred thousand Indians in the US on such visas. Many choose to take their families with them, exposing their spouses and children to all the uncertainties that come with a non-immigrant work visa such as the H1B

Infosys Technologies campus, Bangalore. In India, response to happenings in the US (as far as H1B visas are concerned) has been varied. There’s a sense of outrage among Indian IT services companies that have always maintained that outsourcing is good not just for them and India but also the companies and countries doing the outsourcing.(AP (File Photo))
Updated on Feb 06, 2017 01:23 AM IST

Greed is good, but gravity is much better

A down-round in celebrated start-ups could mean pain for existing investors and the founders, especially in a country like India , but it could also mean a more sustainable and profitable business in the long run

In an earlier interview, Flipkart founder Sachin Bansal said that write-downs are “theoretical exercises” based on “uninformed opinion” and that “valuation is what will happen when a real transaction takes place”(Photo courtesy: Flipkart)
Updated on Jan 30, 2017 09:03 AM IST

Tata’s new boss: Meritocracy, right college programmes can take you to the top

Chandrasekaran’s success is that of the Indian IT Everyman’s

Factors which contributed to Chandrasekaran’s success are his own abilities; an environment that encouraged computer literacy; colleges that offered the right kind of courses; and the deeply meritocratic nature of the IT industry.(AFP)
Updated on Jan 23, 2017 04:51 PM IST

N Chandrasekaran and the transformative power of IT

The Tata Sons chairman is the product of an environment that encouraged computer proficiency, colleges that offered the right kind of courses and the meritocratic nature of the IT industry

Tata Sons chairman Natarajan Chandrasekaran was born in Mohannur in the district of Namakkal (famous for poultry farms) and studied in a local Tamil medium school till Class X.(AFP)
Updated on Jan 22, 2017 08:50 PM IST
Byby R. Sukumar

Founders and CEOs: Finding the right balance

Venture capitalists have never had a problem with moving founders out of executive positions and goings-on over the past year and, more recently, last week, show that they are willing to exercise this right even in India

The choice of Kalyan Krishnamurthy, as opposed to an outside CEO, or someone else from Flipkart with a non-Tiger background, does raise the interesting question as to whose interests he will put first: Tiger’s or Flipkart’s(Reuters)
Updated on Jan 16, 2017 10:08 AM IST

India’s banking system, warts and all, remains a safe bet

Using the learnings from the demonetisation (and remonetisation) exercise to reform the banking system is a good idea. Blaming bankers, a not so good one.

Since November 8, when Prime Minister Narendra Modi announced the invalidation of high-value currency notes, and their replacement with new ones, with assorted (and ever-changing) conditionalities and constraints, they have been hard at work, sometimes even over weekends.(HT Photo)
Updated on Jan 09, 2017 07:52 AM IST

What to expect from Union Budget 2017

Demonetisation has left people feeling low and tired. It is encouraging the hoarding of cash and forcing people to defer expenditure. Consumer-, business-, and investor-sentiment are all down. The budget which Union finance minister Arun Jaitley will present on February 1 needs to change all that

Daily wage workers are waiting for work at labour chowk, in Gurgaon. Demonetisation has hit business in the second part of the third quarter (October-December) and could affect business in the next quarter (January-March) too. The government needs to address this and the budget is a good platform to do so(Praveen Kumar/HT)
Updated on Jan 02, 2017 02:37 PM IST

Do Flipkart and Ola need protection?

Bansal and Aggarwal should not have allowed competitive pressures to get to them, for it can be nothing but the breath of Amazon and Uber on their necks that could have prompted a plea for protection

Sachin Bansal , executive chairman, Flipkart.(Flipkart)
Updated on Dec 11, 2016 11:18 PM IST

It’s time to brush up on your science fiction

Artificial Intelligence is now a reality. This an ex machina moment for businesses.

Everyone, including economists, needs to accept that the future is upon us.(Shutterstock/Representative image)
Updated on Dec 04, 2016 08:47 PM IST

Tata-Mistry spat: How independent are independent directors?

Happenings in several Indian companies over the years have also shown that the behaviour of even some of those that meet the criteria is not always independent. In some cases, entrepreneurs and promoters nominate former bureaucrats who have done them favours in the past as independent directors

Ousted Tata Sons Chairman Cyrus Mistry at Bombay House, November 4(Hindustan Times)
Updated on Nov 27, 2016 10:40 PM IST

Demonetisation: Modi has banked on personal equity to effect behaviour change

It is clear that the implementation of the demonetisation exercise has left a lot to be desired. The government seems to be framing rules as it goes along and that is never a good thing

It is clear that the implementation of the demonetisation exercise has left a lot to be desired. The government seems to be framing rules as it goes along and that is never a good thing(Saumya Khandelwal/HT)
Updated on Nov 20, 2016 11:10 PM IST

Did social media drive the US presidential election 2016?

Technology is disrupting the way we consume news. Still, like all disruptions, that does provide an opportunity for anyone who can find the truth that’s out there, and then make sure it reaches as many people as it should

A crowd marches from Union Square to Trump Tower in protest of new Republican president-elect Donald Trump on November 12 in New York.(AFP Photo)
Updated on Nov 14, 2016 01:39 AM IST

Why Cyrus P Mistry is unlikely to go quickly or quietly

Whoever wins, in the short-term, it is the Tata group that is the loser. Many of the Tata companies face significant challenges, but their leaders are likely to be distracted by the ongoing fight (apart from being confused about who to listen to)

Tata Sons cannot afford to have Mistry continue as chairman of the operating companies although it is unlikely to push for his exit as a director(PTI)
Updated on Apr 25, 2018 06:23 PM IST

Did Cyrus Mistry misread the heartbeat of the Tatas?

To find someone to replace Ratan Tata as chairman of Tata Sons, the selection committee (and Tata himself) should have followed a process as rigorous and competitive as the one Jack Welch and the selection committee of General Electric Co ran to find his successor

The success of a succession planning exercise depends not just on the successor but also the predecessor(PTI)
Updated on Oct 31, 2016 07:17 AM IST

Indian IT firms must break the old mould

Indian software services firms, for all their seriousness of intent when it comes to digital, are still laggards in disruptive businesses

Tata Consultancy Services CEO N Chandrasekaran during the announcement of the financial results of the company in Mumbai, October 13(PTI)
Updated on Oct 24, 2016 03:01 PM IST

Preparing to ride the third diversification wave

HT Image
Published on Oct 17, 2016 08:06 AM IST

Preparing to ride the third wave of diversification since 1991

It is important to see how Indian businesses felt and reacted to diversification in the 1990s because 2016 is, in some ways, an important year for diversification

The second wave of diversification happened between the late 1990s and mid-2000s. By then, the more progressive business groups had reaped the benefit of modern management techniques and information technology(Reuters file photo)
Updated on Oct 16, 2016 10:57 PM IST

The decision is pending with a third umpire

HT Image
Published on Oct 10, 2016 09:37 AM IST

A third umpire to decide the future of Indian cricket

The princes of yesterday have been replaced by plutocrats and politicians from parties across the political spectrum, creating a coalition of the public sector and the private sector in a space that doesn’t need such coalitions

Chairman of the Supreme Court Committee on Reforms in Cricket Justice (retd) R M Lodha with members Justice Ashok Bhan (R) and Justice R V Raveendran holding their report at a press conference, New Delhi . (File Photo)(PTI)
Updated on Oct 09, 2016 09:18 PM IST

Lessons from interviewing young Indians

HT Image
Published on Oct 03, 2016 07:26 AM IST
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