Showing posts with label How Indian mind works. Show all posts
Showing posts with label How Indian mind works. Show all posts

Monday, July 7, 2008

Mumbai dabbawala shares secret of success with Dubai accountants

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DUBAI: Forget about the coding system that Mumbai's dabbawalas use to transport lunch boxes from homes to offices or the six-sigma and ISO certificates they have. The men who ensure workers in India's financial capital get their food on time credit their success to simple principles: stick to time and work is worship. A conference of chartered accountants in Dubai this week, which heard presentations on topics like wealth structuring crisis, India's cost competitiveness, Middle East equity markets and commodities cycle, was perked up by a presentation on Mumbai's ubiquitous dabbawalas. The men who transport lunch boxes have been a subject of study for management gurus like CK Prahalad and schools like Indian Institutes of Management (IIMs) and those in the American Ivy League. Invited by the Dubai chapter of the Institute of Chartered Accountants of India, Manish Tripathi, honorary director of Mumbai's dabbawalas, gave a presentation on the trade wearing a now globally recognizable dabbawala white cap and swearing with his hand on a tiffin box that he would “say the truth and nothing but truth” about his trade. “Believe me, I will give you so much knowledge about dabbawalas that any of you can come to Mumbai and start working as a dabbawala,” he told an over-1,000 strong audience at a five start hotel here. “Our work revolves around a few beliefs - the most important ones of which are sticking to time and believing that work is worship,” he said. “Annadan is mahadan (giving food is the greatest charity). We dabbawalas have a strong belief in god. But you don't see god, do you? So, whom do you worship? People - after all, they are creations of god. You worship god by ensuring that people get to eat their food on time,” he said while making the Powerpoint presentation that was prepared for the dabbawalas by an IIM student. “Time,” Tripathi said, “is the first thing any dabbawala has to stick to if he has to succeed in the trade.”

Russia's largest bank to induct Indian in supervisory board

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MOSCOW: For the first time in its history Russia's largest state-owned bank, Sberbank (Savings Bank) is inducting an Indian national Rajat Kumar Gupta on its supervisory board and his appointment is expected to be approved at the shareholders' meeting here on Friday. According to Sberbank press office Gupta, Senior Partner in McKenzie, would also be the first ever foreigner to be appointed on the bank's supervisory board. Sberbank President and former Minister of Economy and Trade German Gref had earlier said his bank plans to enter into the Indian financial market in a big way, which has already applied to the RBI seeking permission to open its branch in India.

Tuesday, June 10, 2008

How Indian mind works

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How Indian mind works

> NOT A STORY BUT A TRUE INCIDENT THAT HAPPENED IN AMERICA > > An Indian man walks into a bank in New York City and asks for the loan > officer. He tells the loan officer that he is going to India on business for > two weeks and needs to borrow $5,000. The bank officer tells him that the > bank will need some form of security for the loan, so the Indian man hands > over the keys and documents of new Ferrari parked on the street in front of > the bank. He produces the title and everything checks out. > The loan officer agrees to accept the car as collateral for the loan. > > The bank's president and its officers all enjoy a good laugh at the Indian > for using a $250,000 Ferrari as collateral against a $5,000 loan. An > employee of the bank then drives the Ferrari into the bank's underground > garage and parks it there. > > Two weeks later, the Indian returns, repays the $5,000 and the interest, > which comes to $15.41. > > The loan officer says, "Sir, we are very happy to have had your business, > and this transaction has worked out very nicely, but we are a little > puzzled. While you were away, we checked you out and found that you are a > multi millionaire. What puzzles us is, why would you bother to borrow > "$5,000"? > > The Indian replies, "Where else in New York City can I park my car for two > weeks for only $15.41 and expect it to be there when I return". > > *Ah, the mind of the Indian... * > > *This is why India is shining *