Wednesday, 30 November 2011

The Hindu : Columns / Chandrasekhar : The retail counter-revolution

The Hindu : Columns / Chandrasekhar : The retail counter-revolution

Flash Mob dance at C S T Mumbai

What a Bus !

My Blog

The Great Firewall of China - Infographic

INFOGRAPHIC: A Social Media Revolution - China's Answer to Social Networking

A peek inside Google

Everyone knows google is a power house. Although I am a loyal safari user, I am so pro gmail its ridiculous, could gchat for days, have more subscriptions on google reader than i can keep track of and last but not least, have google as my homepage. And I know i’m not alone. Which is why the 29.3 billion dollar revenue last year alone is shocking, but not THAT shocking.

What is shocking is that 29.3 billion dollars is more than the GDP of the 28 poorest companies combined. That blows my mind! google is rich enough to take over a continent of poor countries. And even with all of google’s services, products etc., 97% of revenue in 2010 came from advertisements. Some of this comes specifically from AdWords. AdWords target specific, shady customers like the Canadian pharmacies selling prescription pills to Americans.

Another out of this world fact is that that google is visited by a billion visitors monthly, collectively spending 380,265.167 years on google each month! Sadly, I think i contribute to this in a big way with all of the googling and google reading I do each day! [Via]

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Ministry-wise PIB releases

 

 Implementation of Crop Development Schemes in 11th Plan
  • Centre Assisting States for Improving Availability of Quality Seeds
  • 16 States Reform Agricultural Marketing on the Lines of Model APMC Act
  • Integrated Pest Management Centres Educating Farmers and Extension Officers to Manage Crop Diseases
  • Incentive to Sugarcane Farmers
  • Forest Cover in the Country
  • Adverse Effect of Telecommunication Towers inside Forest Areas
  • Expansion of Forest Areas in the Country
  • Regulatory Policies to for protecting the Environment
  • Eeat Scheme in Rural Areas
  • Impact of Global Warming on Forests
  • Loopholes in Environmental Clearance Process of Projects
  • Assistance for Development of Forests in States
  • Tilting of Hills near Tehri Dam
  • Delay in Forest Clearances
  • Shift to Monitor Pollutants in Air in Major Cities ! by CPCB
  • Projects Pending for Environmental Clearance
  • Issue of CFR and Transit Pass Books to Villagers in Maharashtra
  • Increase in Forest Covers of the Country
  • Prevention of Female Foeticide
  • Improved Health Indicators
  • Child Deliveries Through Institutional Delivery Mechanism
  • Improving Health and Nutritional Status
  • Doctor-Patient Ratio in the Country
  • CET for MBBS
  • Assistance for Metro Rail
  • Delhi Metro Rail
  • Infrastructure in Cities/Towns
  • Development of Cities
  • Public Transport Projects
  • National Urban Transport Policy
  • Bangladesh Army Chief on a Visit to India
  • Valedictory Function - 51st NDC Course
  • Storage Godowns Through Private Entrepreneurs
  • Additional Allocation of Foodgrains to Check Open Market Prices
  • Additional items under PDS
  • Steps taken to Improve Procurement of Wheat and Rice
  • Process for Setting up Food Processing Units Decentralised
  • Government is Committed to make available Quality Medicines at affordable Price: Srikant Jena
  • Allocation of Funds by the Ministry of Social Justice and Empowerment
  • Monitoring of Schemes
  • National Policy for Senior Citizens
  • Import of Heavy Industrial Equipments from China
  • Funds raised through disinvestment
  • Anti-Fog Porcelain Disc Insulators
  • National Consultation with Civil Society Organizations on the Draft Report of India to
  • NCPCR's intervention makes RTE a reality for 378 kids in Malda
  • Improvement in the Condition of Muslims
  • Proposed Penalty for illegally Acquiring or Alienating Wakf Property
  • Moily Condoles Passing Away of Indira Goswami
  • Tuesday, 29 November 2011

    HR Headlines - Courtesy - Naukri.com Newsletter

    HR HEADLINES
     
    US Retail Giants Promise To Create Jobs In India
     
    American retail giants woke up to learn that India had unlocked the door for global retailers. Wal-Marts are to quickly take root across India, as the cabinet paves the way for international supermarkets and department stores to establish joint ventures. “We will create thousands of jobs through inclusive growth, increase farm productivity and income and help small and medium industries prosper and grow with us,” said Doug McMillion. “We’re confident that the government, after seeing the value we bring to India and its people, will view this opening as a first step in further liberalising FDI in retail.”
     
    Source : 25-11-11   Firstpost   Compiled by www.naukri.com
    Law Graduate Salaries Get Consistently Higher
     
    The salaries and bonuses paid by India’s top corporate law firms to graduates from premium law schools have in many cases doubled in the last five years and now often top Rs. 14 lakh per year if bonuses are included. One reason is that with the growth of the corporate legal sector, salaries at the top and also the bottom have soared. Five years ago, law firm Trilegal used to pay law graduates around Rs. 5 lakh per year; now the firm offers a base package of Rs. 10.8 lakh per year with potential bonuses taking this up to Rs.12.8 lakh a year.
     
    Source : 25-11-11   Livemint   Compiled by www.naukri.com
    UAE Sees Indian Workforce Shrink As Home Salaries Rise
     
    The Indian Consulate in the UAE saw a fall in new visas for Indian nationals last year for the first time, as rising salaries in the Asian state kept workers at home. The Gulf state is likely to see a steady decline in blue-collar migrants as India’s economic growth offers better opportunities to workers, the Consul General told Arabian Business. “Last year, for the first time ever, the Indian Consulate served less passports than in 2009 so that would be an indication that the number of Indians declined coming to the UAE,” Sanjay Verma said on the sidelines of the 5th Arabian Business Forum. “Passport services saw a two percent drop.“The numbers are declining because of the demand for labour in India. The civil construction sector has a shortage of civil engineers and skilled workers, plumbing and carpentry.”
     
    Source : 25-11-11   Arabianbusiness.com   Compiled by www.naukri.com
    Nokia Siemens Networks To Cut 17,000 Jobs
     
    Telecom equipment maker Nokia Siemens Networks will slash 17,000 jobs as part of efforts to reduce 1 billion euro in costs by the end of 2013.Nokia Siemens Networks, a joint venture between Finnish cellphone maker Nokia and German conglomerate Siemens, has been grappling with tough business conditions. Unveiling its strategy to focus on mobile broadband and services, Nokia Siemens Networks today said it plans to cut 17,000 jobs worldwide by 2013-end."These planned reductions are expected to be driven by aligning the company's workforce with its new strategy as well as through a range of productivity and efficiency measures," the firm said in a statement. The company is estimated to have a global workforce of about 74,000 people.
     
    Source : 23-11-11   Financial Chronicle   Compiled by www.naukri.com
    Gap In Top-Level Exec Education Needs Plugging
     
    India can take a lead in executive education if it addresses lacunae in top-level executive education, says Ariff Kachra of Canada-based Richard Ivey School of Business (Ivey). Mr. Kachra is strategy professor and managing director of the Indian chapter of Ivey, one of the latest entrants in the executive education market in India.Ivey has signed memoranda of understanding with the Indian School of Business (ISB), Hyderabad, and Indian Institute of Management, Bangalore (IIM-B). It will collaborate with ISB to develop joint case studies and aim to be the largest source of Indian cases by mid-2012. At IIM-B, it will focus on incentive research. Ivey has been working with 20 different corporations in India on courses for middle- to senior-level managers for the past five months. There will be an active focus on Mumbai for the next few years, as the city houses the maximum number of corporations.
     
    Source : 23-11-11   Business Standard   Compiled by www.naukri.com
    Man Industries Names MD, Vice Chairman
     
    Pipe manufacturer Man Industries has appointed J Mansukhani as managing director and vice chairman with immediate effect. His tenure had ended on September 30. The board of directors also named Nikhil Mansukhani as a non-executive director.
     
    Source : 23-11-11   Indiainfoline.com   Compiled by www.naukri.com
    Many Sectors Freezing Recruitment
     
    Companies are becoming wary of recruiting additional numbers in the current slowdown. Though lay-offs are unlikely, there is a near consensus on a slowdown in the recruitment process.Sectors such as telecom, real estate, banking and financial services, information technology and aviation are already witnessing a freeze in hiring. “In the banking sector, it’s investment banking, retail broking and institutional equity that have been impacted. While many companies have laid off employees, there are talks of another round of lay-offs,” said Supreet Singh, CEO, Altor Executive Search. E Balaji, CEO of Ma Foi Randstad, says, “Most companies are cautious in the hiring process as there is a pressure on their margins. There is an 8 to10 percent slowdown in hiring and in sectors linked to European markets, like asset management and broking.”
     
    Source : 23-11-11   Business Standard   Compiled by www.naukri.com
    Hotel Industry Facing Skills Gap
     
    The hotel industry is facing a talent crunch despite the industry hiring more than IT and ITeS. With the growing inventory of hotel rooms and stand-alone restaurants, the industry needs more people. An estimated 40,000 people will be required by the end of 2011, as per a recent survey by Ma Foi Randstad. New hotels and investments in hotel infrastructure in major cities as well as tier II and tier III cities have given rise to increased job opportunities. While hotel management schools in India turn out 10,000 graduates a year on an average, the requirement is much more. A large portion of the demand for people will come from food and beverage services, kitchen, front office and housekeeping. The industry is experiencing close to 30 percent attrition, with people switching jobs for short-term benefits.
     
    Source : 23-11-11   Hindu Business Line   Compiled by www.naukri.com
    SKS Microfinance CEO Steps Down
     
    Vikram Akula, founder of SKS Microfinance, India’s first public listed microfinance firm, has resigned as executive chairman and CEO. SKS’ independent director P Ravikumar has been appointed interim non-executive chairman. Mr. Ravikumar was earlier CEO of National Commodities & Derivatives Exchange and is currently heading Invent Assets Securitisation & Reconstruction.
     
    Source : 23-11-11   VC Circle   Compiled by www.naukri.com
    IT, BPO Tap Into Travel Industry For Talent
     
    The number of people joining niche IT and ITeS companies from travel agencies or travel portals is on the rise and the trend is expected to continue. Demand for travel industry professionals is coming from niche companies in the tech sector, such as NIIT Technologies, WNS Global Services and InterGlobe professionals, who need domain experts to cater to airline and airport clients. The IT sector has witnessed a 15 percent year-on-year growth in the $15 billion travel vertical. Bhaskar Chavli, chief delivery officer, NIIT Technologies, said, “At least 15 to 20 percent of our staff serving travel clients such as British Airways and Singapore Airport is from the travel industry. We give these professionals training and some of them become business analysts or travel consultants.” Professionals in the travel industry tend to leave for better-paying jobs. IT and BPO companies generally pay 15 percent to 20 percent higher salary than travel companies.
     
    Source : 23-11-11   Financial Express   Compiled by www.naukri.com
    IT Firms Boost Local Hiring In Overseas Markets
     
    IT companies are hiring more local talent in markets such as South Africa, China and the Asia-Pacific to boost business. In doing so, they are also creating a natural hedge against wage cost fluctuations in a regime of currency volatility. Infosys Chief Financial Officer V Balakrishnan said, “Incurring cost and generating revenue in the same currency is a natural hedge.”Wipro Technologies recently announced moves to set up a strategic delivery centre in South Africa and hire around a thousand skilled local nationals in the next three years. The company has increased its intake of local nationals from 31 percent to 38 percent in a year. Infosys Technologies China has also recently signed a memorandum of understanding with the Dalian high-tech zone (DHTZ) government to establish a facility that will seat 700.
     
    Source : 24-11-11   Financial Chronicle   Compiled by www.naukri.com
    Mr. AC Muthiah Retires; Son Appointed SPIC Chairman
     
    The Chennai-based Southern Petrochemicals Industries Corporation (Spic) has informed the stock exchange that Mr A.C. Muthiah has retired from the board of directors and has been appointed as Chairman Emeritus.The announcement also says that his son, Mr Ashwin C. Muthiah has been appointed as the Chairman of the board.Besides, Mr K.K. Rajagopalan has been appointed as an Additional Director and also as a whole time director of the company.
     
    Source : 19-11-11   Hindu Business Line   Compiled by www.naukri.com
    A New Capital Of Call Centers
     
    Americans calling the customer service lines of their airlines, phone companies and banks are now more likely to speak to Mark in Manila than Bharat in Bangalore.Over the last several years, a quiet revolution has been reshaping the call center business: the rise of the Philippines, a former United States colony that has a large population of young people who speak lightly accented English and, unlike many Indians, are steeped in American culture. More Filipinos — about 400,000 — than Indians now spend their nights talking to mostly American consumers, industry officials said, as companies like AT&T, JPMorgan Chase and Expedia have hired call centers here, or built their own. The jobs have come from the United States, Europe and, to some extent, India as outsourcers followed their clients to the Philippines.
     
    Source : 25-11-11   New York Times   Compiled by www.naukri.com
    Indian Migrants Face Job Discrimination Study
     
    Highly educated, fluent English-speaking Indian migrants struggle to find employment in New Zealand because of employer discrimination, a new report has found. The study by Massey and Waikato Universities, entitled Namaste New Zealand stated that Indian Employers and Employees in Auckland, found "widespread presence of discrimination and ... a general unwillingness to employ immigrants who don't as readily blend into New Zealand's dominant Pakeha/European culture".The report said Indian migrants "arrive in New Zealand as well-educated and skilled newcomers", but unlike immigrants from Britain and South Africa, "their employment outcomes are not that rosy".More than 60 per cent of those interviewed had an academic qualification of a bachelor's degree or higher, but less than half said their present jobs made good use of their qualification.
     
    Source : 25-11-11   NZherald.com   Compiled by www.naukri.com
    IIM-L To Link Faculty Pay To Research
     
    The Indian Institute of Management, Lucknow (IIM-L) is set to shift to a compensation system aimed at boosting research. Under the new system, faculty compensation will have fixed and variable components, with the latter based on performance. The aim is to incentivise research, an area where IIMs score poorly in global rankings.The institute will take the in-principle decision to change its pay structure once it receives government clearances. The variable component will equalise salaries of faculty who do external consultancy and those who don’t. The performance-based variable part will be over and above the fixed salary. IIM Ahmedabad and IIM Indore have decided to stick to the current structure despite enabling action by the Human Resource Development Ministry. IIM Calcutta is yet to submit a proposal while the ministry has not made the change for IIM Lucknow and IIM Bangalore.
     
    Source : 23-11-11   Financial Chronicle   Compiled by www.naukri.com
    Tata Sons Names Mr. Cyrus Mistry As Deputy Chairman
     
    The Tata group has named Cyrus Mistry as deputy chairman of Tata Sons after a board meeting in Mumbai. Mr. Mistry, younger son of construction tycoon and largest single shareholder of Tata Sons Pallonji Shapoorji Mistry, takes up the newly created post with immediate effect and will replace Chairman Ratan Tata in December 2012.
     
    Source : 23-11-11   VC Circle   Compiled by www.naukri.com

    Who owns America? Hint: It's not China – Global Public Square - CNN.com Blogs

    Who owns America? Hint: It's not China

    Editor's Note: The following piece comes from Global Post, which provides excellent coverage of world news - importantmoving and odd.

    By Tom Mucha, Global Post

    Truth is elusive.  But it's a good thing we have math.

    Our friends at Business Insider know this, and put those two principles to work today in this excellent and highly informative little slideshow, made even more timely by the ongoing talks in Washington, D.C. aimed at staving off a U.S. debt default.

    Here's the big idea:

    Many people — politicians and pundits alike — prattle on that China and, to a lesser extent Japan, own most of America's $14.3 trillion in government debt.

    But there's one little problem with that conventional wisdom: it's just not true. While the Chinese, Japanese and plenty of other foreigners own substantial amounts, it's really Americans who hold most of America's debt.

    Here's a quick and fascinating breakdown by total amount held and percentage of total U.S. debt, according to Business Insider:

     

    • Hong Kong: $121.9 billion (0.9 percent)
    • Caribbean banking centers: $148.3 (1 percent)
    • Taiwan: $153.4 billion (1.1 percent)
    • Brazil: $211.4 billion (1.5 percent)
    • Oil exporting countries: $229.8 billion (1.6 percent)
    • Mutual funds: $300.5 billion (2 percent)
    • Commercial banks: $301.8 billion (2.1 percent)
    • State, local and federal retirement funds: $320.9 billion (2.2 percent)
    • Money market mutual funds: $337.7 billion (2.4 percent)
    • United Kingdom: $346.5 billion (2.4 percent)
    • Private pension funds: $504.7 billion (3.5 percent)
    • State and local governments: $506.1 billion (3.5 percent)
    • Japan: $912.4 billion (6.4 percent)
    • U.S. households: $959.4 billion (6.6 percent)
    • China: $1.16 trillion (8 percent)
    • The U.S. Treasury: $1.63 trillion (11.3 percent)
    • Social Security trust fund: $2.67 trillion (19 percent)

    So America owes foreigners about $4.5 trillion in debt. But America owes America $9.8 trillion.

    For a smart take on how President Obama and House Republicans should end gridlock over debt and deficits, see our new GlobalPost series The Negotiator, which features Wharton's negotiation guru Stuart Diamond.

    And to bone up on China's debt — another potentially big global economic headache — check out this interview with brainy-yet-coherent Northwestern University economist Victor Shih, who spoke with GlobalPost's David Case.

    Setback: Deadlock over FDI in retail continues - Rediff.com Business

    Shops closed in Kerala.
    Next

    Meanwhile, thousands of shop owners in Kerala downed shutters in protest against the Centre's decision to allow 51 per cent equity in multi-brand retail.

    The dawn-to-dusk strike call was given by the Kerala Vyapari Vyavasyi Ekopanasamiti and Vyapari Vyavasayi Samiti, leading retailers' outfits in the state.

    Reports from across the state said the response to the protest call was total with small, medium and wholesale outlets remaining closed.

    FDI row: Desperate finance minister, helpless party - Rediff.com News

    Next
    Sheela Bhatt in New Delhi

    Finance Minister Pranab Mukherjee may be right in pushing for FDI in retail because reports have been pouring in, indicating that the economic downturn in India and abroad will worsen in coming weeks.

    Sheela Bhatt examines the politics behind the government's decision.

    'I want money,' an agitated Finance Minister Pranab Mukherjee reportedly told the Cabinet on Thursday, November 24, when coerced by colleagues from his Congress party for pushing 51 per cent Foreign Direct Investment in retail.

    The FDI issue is so sensitive that Defence Minister A K Antony, Rural Development Minister Jairam Ramesh and Small and Medium Enterprises Minister Virbhadra Singh tried to argue with the finance minister against the decision.

    The interaction amongst the ministers suggested that Mukherjee was pushing a sensitive economic reform to stop the outflow of FDI and to create positive market sentiment to arrest the fall of the Bombay Stock Exchange's Sensex to below 10,000 points.

    The finance minister is also worried about the decline in the value of the rupee

    The Math-Science Shortage or STEM shortage

    Business Line : Industry & Economy / Economy : Self regulation stressed for healthy corporate governance

    The need for corporate houses to work towards self-regulation for healthy corporate governance was highlighted at an international conference on Corporate Governance in Asia, organised by the Institute of Public Enterprise, here on Monday.

    Mr A.K. Pavadia, Joint Secretary, Department of Public Enterprise, Government of India, felt that the board of directors should play a more pro-active role. He also wanted the board of private companies to meet more often to strengthen corporate governance standards.

    He said Corporate Social Responsibility (CSR) should become an integral part of corporate governance.

    Mr R.S. Sharma, former Chairman and Managing Director of ONGC, touched upon various aspects of corporate governance such as quality of audit and accountability of the board of directors.

    Mr Ravi Khetarpal, Chairman and Managing Director of Bharat Dynamics Ltd, was of the opinion that corporate governance cannot be enforced by law and what was essential was self-regulation.

    He felt that the private sector was lagging behind in corporate government in comparison with the PSUs.

    Ministry-wise PIB releases

    Monday, 28 November 2011

    Mentor Support Key to Starting a Business

    Social capital is important at every stage of entrepreneurship, but it is particularly important when the potential entrepreneur needs access to resources and expertise at the startup. Gallup surveys in 83 countries indicate that adults who have access to a mentor are three times more likely to say they are planning to start a business (14%) than those who do not have a mentor (5%).

    Entrepreneurial intent varies by world region

    Overall, sub-Saharan Africa has the highest percentage of adults (20%) planning to start a business in the next 12 months, followed by the Middle East and North Africa region (10%) and Asia (8%). Comparatively, the more developed world has fewer adults planning to start a business in the next 12 months: Northern America (7%), the former Soviet Union (4%), and the European Union (3%). However, access to social capital is important to encouraging entrepreneurial intent in all regions of the world.

    Mentors play a significant role in supporting potential entrepreneurs in the developing world, where there are fewer formal training and support programs. Therefore, potential and new entrepreneurs rely heavily on family and personal relationships for starting new business ventures. Close connections between business and community in sub-Saharan Africa, Asia, and the Middle East and North Africa region become a source of informal social capital.

    Access to a mentor has the potential to double the rate of new business creation in sub-Saharan Africa. Gallup data show 25% of those surveyed in sub-Saharan Africa who have access to a mentor plan to start a business in the next 12 months, compared with 13% of those who do not have a mentor. In Asia, 17% of those who have access to a mentor have plans to start a business in the near future, more than three times higher than the 5% of those without a mentor. In the Middle East and North Africa region, those with a mentor are twice as likely to plan to start a business (15%) as those without a mentor (7%).

    There is a similar relationship in the more developed world. Among European Union residents, for example, 5% of those who have a mentor plan to start a business, compared with 1% without a mentor. In Northern America (U.S. and Canada) and the former Soviet Union republics, 10% of those who have a mentor plan to start a business in the next 12 months vs. 1% without a mentor.

    Mentors Matter Most to Young, Male Entrepreneurs

    Younger potential entrepreneurs benefit the most from having a mentor who can help them overcome the initial hurdles in starting a business and building new networks vital to the enterprise's growth. Of those in the 15-to-29 age group, 17% with access to a mentor plan to start a business, compared with 6% with no access to a mentor. The rates of potential startups drop with the increasing age of the potential entrepreneur; however, access to a mentor continues to positively influence the likelihood of starting a business.

    Mentors are important for male and female potential entrepreneurs. Gallup data indicate that 16% of men who have access to a mentor plan to start a business, compared with 6% of those with no access to a mentor. Eleven percent of women with access to a mentor plan to start a business, compared with 4% without a mentor.

    Entrepreneurial intent varies by age and gender

    Implications

    The relatively high percentage of entrepreneurial intent among those who have access to a mentor suggests that mentors can play an important role in supporting new companies in their development process. Without a mentor, an entrepreneur may find it difficult to access resources, build networks, and create partnerships that help the enterprise grow.

    There are tangible and intangible benefits of having a mentor. Gallup's consulting work with more than 1,000 entrepreneurs in Mexico and the U.S. shows that pairing an entrepreneur with a mentor increases confidence and self-awareness as well as enhances business thinking and risk taking among the entrepreneurs. This prompts a developmental change in entrepreneurs that is positive for business growth. In total, it is clear that establishing mentor relationships with potential entrepreneurs may boost the chances of business creation, survival, and growth.

    For complete data sets or custom research from the more than 150 countries Gallup continually surveys, please contact SocialandEconomicAnalysis@gallup.com or call 202.715.3030.

    Survey Methods

    Results are based on telephone and face-to-face interviews with approximately 1,000 adults, aged 15 and older, in 83 countries, 2,000 adults in Russia, 3,000 adults in India, and 4,200 adults in China. All surveys were conducted in 2011.

    For results based on the total samples of national adults, one can say with 95% confidence that the maximum margin of sampling error across the regions analyzed ranged from a low of ±0.3 percentage points to a high of ±1.5 percentage points. The margin of error reflects the influence of data weighting. In addition to sampling error, question wording and practical difficulties in conducting surveys can introduce error or bias into the findings of public opinion polls.

    For more complete methodology and specific survey dates, please review Gallup's Country Data Set details.

    Dhanush: Hadn't expected Kolaveri Di to become such a rage - Rediff.com movies

    DhanushTamil actor-singer Dhanush says he is overwhelmed by the response to his song Kolaveri di, which has become a rage online, attracting even fans like Amitabh Bachchan [ Images ].

    The Tanglish (Tamil and English) song, a funny take on heartbreak, is from Dhanush's upcoming Tamil movie 3. It has already become a craze on the internet.

    "I am overwhelmed by the response," Dhanush said. "When we were recording the song, we never thought it would become such a rage. We didn't have any plans, any marketing strategy to make the song a hit. It just happened. My voice is full of mistakes and that's why it suits the song. I guess that worked for the song because it can be easily hummed."

    Kolaveri di (why this murderous rage), which is being shared by the online community rapidly, was released digitally on November 16 by Sony Music. The video shows Dhanush, the son-in-law of superstar Rajnikanth [ Images ], singing the song in a studio and composer Anirudh Ravichander on the keyboard while director Aishwarya R Dhanush and co-star Shruti Haasan [ Images ] watch along and give suggestions.

    "When I was writing the lyrics, I kept in mind all the English words that are used in the Tamil vocabulary. Words like I, you, me, how, why, cow.. I just framed them into sentences and that's how I came up with the song," said Dhanush, who also penned down the lyrics of the song. Debutant music-director Anirudh Ravichander said they wanted to do something new with the song and it was Aishwarya who came up with the concept.

    He adds, "Aishwarya maam gave me the situation and asked me to weave around it. The concept of heartbreak is very common and happens all the time. We wanted to try a new concept with (Tamil-English) lyrics and surprisingly, it worked. We have used different instruments from all over the world. Shehnai, strings, acoustic guitar, acoustic bass. I have kept the keyboard sound minimal." he added.

    Click here!

    Amitabh Bachchan is the latest to be smitten by the quirky lyrics and foot-tapping music of the song. "Just heard 'Kolaveri di' after much talk on it ... its so original and catchy ..congrats Dhanush and Aishwarya (Rajni's daughter) .. love," Bachchan posted on Twitter.

    Dhanush replied, saying, "It's a great honour to get a tweet from Big B [ Images ], very kind of him. I dedicate the tweet to all you guys who made kolaveri this big. Love you guys. God bless," he posted.

    Kolaveri appeared as the number one Indian trend on Twitter on November 21.

    Listen to Kolaveri di here

    How to Succeed at Office Politics - WSJ.com

    Many promising executives derail sometime during their careers, often because they weren't very good at office politics.

    Not playing the political game is often seen as a good thing, even a badge of honor. Some managers see it as proof of their integrity. They are going to succeed because of job performance alone.

    They couldn't be more wrong. Research finds that a person's political skills are key to building a successful career—for the good of both themselves and their company. When talented executives combine a knowledge of what their company needs with an ability to get things done, everyone benefits. Conversely, when a promising career falters because of poor political skills, companies have to spend time and money finding a replacement, and performance suffers in the meantime.

    Being politically savvy is not about pushing others down or being untruthful to advance your own cause. Instead, it means building networks—relationships—with people inside and outside your company who can provide useful information and assistance. It means not picking fights over issues that aren't critical. It means informing others in the company about your contributions and accomplishments, and asking for advice and help, particularly from those senior to you. Self-serving? Sure. But there's nothing wrong with that. If you are going to make a difference, you need to have power.

    Here's how companies can quickly recognize who among their otherwise-talented executives needs help at playing office politics—and how to give them the skills they need to be successful.

    Flash Points

    There are generally two times in every rising executive's career that bring the biggest tests of their ability to manage organizational politics. The first comes after about five to seven years, when the person begins to take on roles that depend less on their individual performance and more on what they can accomplish through the people around them. The second is usually after 15 to 20 years, or when the person steps into a senior role with even more visibility, according to Bonnie Wentworth, an executive coach in the San Francisco Bay area. At this point, Ms. Wentworth says, there is much less room for mistakes, and technical skills are largely irrelevant for career success.

    Watch the behavior of people who are at these points in their careers. Are they showing or generating lots of (unproductive) conflict, stress and tension? Do they insist on getting their way all the time, or are they sensitive to smoothing the feathers of important others?

    Pick Your Battles

    Some brilliant people don't realize there are trade-offs that must be made to work successfully with others in an organization. One now-derailed executive remembers being asked by his boss, "Do you want to be right, or do you want to be effective?" Savvy people live to fight another day by avoiding situations where they and their ideas are going to go down in flames.

    [POWER1007]

    To best evaluate a person at one of these key junctures, pay attention to whether they inspire support and confidence through how they talk and act. Leaders hold on to their positions by maintaining support from their employees, customers and, most important, their bosses. When that support is gone, so are they. Inspiring confidence and garnering support comes mostly from being forceful, rather than remorseful.

    When people appear to be struggling in their roles, there are several ways the company can help save its investment in their careers. Executive coaching is a growing and often helpful process. A good executive coach can get people to understand and stop their own self-defeating behaviors.

    Coaches also can help people re-examine their values, and perhaps figure out whether they would rather be able to say, "I told you so," or acquire influence by being useful to those in power.

    Power skills, like all skills, can be taught. Courses in how to understand and navigate networks of people in organizations have been shown to help win promotions. Even smart people can have all sorts of wrong ideas about interpersonal behavior. Sometimes executives need to learn some basic social psychology to set them straight.

    Status Signals

    For instance, people who appear forceful rather than sad or uncertain typically get more status. Something as simple as interrupting can signal and create power—people with power interrupt, those without get interrupted. Adopting a powerful, expansive body pose actually changes people's blood chemistry, reducing cortisol, a stress hormone, and increasing testosterone; the reverse happens if people adopt a hunched, restrictive, low-power posture.

    Once people learn about the social psychology of power, they can use these principles to become more effective in their interpersonal interactions.

    Good leaders master organizational dynamics, and help those who work for them do the same. When Zia Yusuf, now president and chief executive of San Francisco-based Streetline Inc., was an executive vice president at SAP AG, he went out of his way to advise people who worked for him how to interact with the 50 top people in the company. He told them whom they should have coffee with, who wanted to interact only over important matters and, most important, what each executive's key performance indicators and critical objectives were.

    Few executives receive or provide this sort of help. If more did, perhaps fewer promising careers would come off the rails.

    Mr. Pfeffer is the Thomas D. Dee II professor of organizational behavior at Stanford University's Graduate School of Business and author of "Power: Why Some People Have It—and Others Don't." He can be reached at reports@wsj.com.

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