In the annals of business history, many stars have made the limelight. Some have made their mark by dint of sheer hard labour, some have outshone others through extraordinary brilliance, a few of them have shown rare vision, while others had the indefatigable urge to expand their empire. Finally there are those who have that generous dash of flamboyance which make them tick. Yet, in a world where there always is room at the top, it is difficult to find a person, rather a personality, who is a wholesome mix, a healthy amalgamation of all the above virtues and many more. Enter Sir Richard Branson, an icon, a trendsetter in the true sense of the word. He has shaped the lives of millions of people through his Virgin Empire and continues to straddle like a colossus across the canvas of modern era, never ceasing to delight and satisfy us, even as we gape at him in admiration and awe.
Recent events in the fight against global warming have given rise to trading in a brand new commodity- Carbon Credits. Almost all newspapers have started reporting about listed companies that will get additional revenues from carbon credits. This article aims to give the reader an introduction to carbon credits and a flavour of the investment implications.
Date: October 20, 2010
Time: 6:30 AM
Place: One of the numerous apartments in Gachibowli, Hyderabad
Beep…Beep…. Beep.
Beep…Beep…. Beep.
Thud!
Duggi gets out of bed on a Wednesday morning. He is a Project Leader with Infosys Technologies, Hyderabad and has been happily married for the last 3 years. Wife Priya works as a Test Engineer with another software major.
A plan to reinvest corporate healthcare benefits in health infrastructure to ensure that the funds are used for which they were earmarked.
The GOI has planned to increase its healthcare spending so that inexpensive, quality services can be provided to the masses. For example, it is mandatory to have a medical allowance as a salary component. But this benefit can be taken as cash too. Hence the importance of health necessity is lost. So if we can find a way to ensure that employees do not encash their health allowance but in fact use it on improving the health status of themselves and their families, we will see healthcare as the next big thing in India. The concept is similar to the cashless claim facility introduced by many insurers, but under a different working.
This is a story about a small rural suburb called Tanda. Location wise it does not carry any illustrious credentials. It is located in eastern UP on the southern banks of the Ghaghra river. The nearest rail link is Akbarpur, 23 kms away. A road connects Akbarpur to Tanda. Tanda is also connected to the better known town of Faizabad by road. One would not imagine that much could happen in this sleepy little place which could merit much attention, or that such a happening could be valuable enough to a group of professionals, to whom it may bring lessons in management, and that too in an important technological field.
Something important however did happen. An initial description may make it seem like a sensational commando type operation. For it was in the darkness of the night, and with the Army present on campus, that a group of executives from the National Thermal Power Corporation (NTPC) took over the Thermal Power Station (TPS) at Tanda. The pre-take-over management of the power station, the UPSEB, had already gone on strike. The atmosphere in the plant and township was uncertain, threatening and hostile. The strike continued for nearly 15 days. NTPC was left with the task of getting the plant up and running again, both technically and people-wise.
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