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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The Marico founder and chairman gets candid on why doing things right doesn't have to come in the way of making money.
Editor's note: “Some of my business-leader friends would ask me why I was wasting time and money on culture building and training. My reasoning was that the purpose of business organizations was not only about making goods and money. It was also about doing it joyously and ethically.” There’s something striking about these lines, particularly the last one, from “Harsh Realities: The Making of Marico”, in which Harsh Mariwala, founder and chairman of packaged consumer goods company Marico, writes about his entrepreneurial journey. Let me explain. A few years ago, I was talking to an entrepreneur from a prominent Delhi-based business family when the conversation turned to the issue of ethics. The businessman was standing next to his Rolls-Royce, parked on the sprawling lawns of his bungalow in Lutyens’ Delhi. Blowing out smoke after taking a drag on his cigar and with a smirk on his face, he said, “Ethics”, in a tone that made it amply clear that he cared little about it. In recent times too, corporate India has made headlines of the sort that reiterate the views of the …
The FMCG major acquired the maker of Ching’s Secret to make the most of its high margins, but things didn’t go to plan. Two years and a few lessons later, TCPL is trying to change that.
Reliance Consumer Products is relying on aggressive pricing in the hope that its staples brand will become a household name. But such tactics can go only so far.
While the filing for an IPO by its telecom and digital business was the highlight, Reliance laid out plans for its new energy and retail businesses, setting them up for eventual listings.
