Make IRCTC Better

As promised, here’s the post on IRCTC – India’s largest ecommerce site. I tell you how it does not work, and how we can make it work! Last Thursday, I decided to go to Ahmedabad for some work. Went on to IRCTC to book a train ticket. I logged in, and entered the date of […]

IT Engineer Skills are neither tested nor sufficient

Was going through my pending stack of magazines this Sunday and made a lot of interesting observations. RedHerring says India’s IT industry keeps booming, and revenues are expected to reach an ambitious $60 billion by 2010. Not just outsourced work, but even work from local Indian companies is increasing. But the biggest roadblock could come […]

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 […]