Developing 2nd level management

Was discussing with our investors / mentors today about developing second level leadership in Magnet. I think this has been something that we have struggled from the inception. We identify good people, they perform, then we plan growth. And many can not cope up with the demands of the new situations and increased expectations. I […]

Ashok on BBC World tomorrow, on Budget 2007

Ashok Karania, Magnet‘s MD & CEO, will be on BBC World television tomorrow, morning 7.15 & 9.15 IST. He will be giving his opinion on the Union Budget 2007 – especially how it affects entrepreneurs and IT sector. He is going to be sharing his views along with Pradipta from Zensar/RPG. Went for the interview […]

Budget makes it more difficult to run an IT company

The Indian Union Budget came out yesterday. And the IT industry is not happy about it. Well, we got shocks too! The tax holidays for export oriented companies are no more. So we got to pay minimum 10% tax. There is now an additional tax on rented commercial premises – 12.5%. And ESOPs are covered […]

Getting your hair cut and getting your software done

I went to my regular hair salon last saturday. Went into the take the first chair on my way, but the hairdresser asked me to sit on the next one. This was a new guy, I have never seen him before. I have a little apprehension about how good a cut he will give me, […]

Designs and India

Just read on BusinessWeek about a new government policy on taking design as a national priority. The policy acknowledges the need to develop design skills in India, is planning to set up more National Institute of Designs. This whole thing is still at the policy level, but it’s a good step forward. Good design skills […]