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Who are India’s boneless chickens?

Akhilesh Bhargava

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It is a common experience that uncontrolled powerful CEOs, with no checks on their power go astray and indulge in serious malpractices. They ensure that there is no one in the organisation to restrain their unbridled power. As they ascend the ladder of power, they gather a bunch of eminent sounding yesmen around then, who willingly collude in their blatant abuse of power. These ambitious/greedy CEOs manage to totally centralise power in their hands, such that they subvert all and sundry and they become the system itself. At this point of time, the institution that they head is subverted and they verily become the institution, which is very dangerous for any country, particularly when it is a democracy like India. who are the boneless chickens? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

Business Tit-Bits

The insider of the Monetary Policy Committee meeting of the RBI

Akhilesh Bhargava

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The recent meeting of the Monetary Policy Committee of the Reserve Bank, took place with a much better macro economic environment. Crude oil prices have fallen sharply, the rupee has started gaining strength, capital inflows are increasing, there is a pick up in investment activity led by the government, there is an increase in capacity utilisation, a rise in exports, an improvement in credit off take, inflation remains subdued and with a retreat in commodity prices, corporate profits should look upwards. What happened in the meeting? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

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Business Tit-Bits

An insider into the murky affairs of the Sun Pharma

Anusha Bhattacharya

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Among the large corporates in India, Sun Pharmaceuticals Ltd., India’s biggest pharma company, stood out as a relatively clean organisation, whose grounded/down to earth billionaire promoter Dilip Shanghvi was richer than even Mukesh Ambani, though for a brief period, in 2015. Sun Pharma and its promoters were often awarded and feted for their industry leadership and business acumen, and were also respected for their business integrity. But there’s more to it. Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares the complete story of the murky affairs of Sun Pharma

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Business Tit-Bits

Why is audit India’s weak link?

Akhilesh Bhargava

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In an interesting and candid recent speech on corporate governance in India, Uday Kotakspoke about what ails corporate governance in India. He said that there are six layers of corporate governance in our system, including the company management, its board of directors, rating agencies, auditors and regulators. He remarked that of late, these six layers have not been doing their job and that, their performance has not been satisfactory. He lamented that auditors are one of the weakest links plaguing this corporate governance architecture in India. Why is it that the audit is India’s weak link? Mr. Akhilesh Bhargava, Business Editor of HW Business and Finance shares his insights on the matter.

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