August 2009

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Managing Working Capital in Times of Recession
(Dr. P. Saravanan)

As a journalist, my weekly off is any one day in the week other than a Sunday. I opt for a Saturday. The clock struck noon and I was still clueless what to do with nobody free at that time. To make matters worse, my maid had not come. So it was a time to take a decision - do the chores, cook a meal or treat myself at some place. I decided to drive into town and catch a bite at Hotel Nanutel's restaurant Utsav, part of the Nanu Enterprisea run by the Nanu Naik family. I made it a little family outing, and pulled my father along.

Fish, curry & rice is what we Goans want on our platter, but the fishing ban during the breeding season is a time-out from our staple diet. With the fishing ban ended on July 31, Business Goa reviews what exactly goes into catching that shoal of fish.
The fishing ban for 2009 was imposed on June 15, that’s when trawler owners pack up for the season and take a break for the year, a time when the fishing crew that comes from different parts of India goes back to their native villages. But come July 31, the ban ends and by then everybody is ready to venture into the sea, their boats shining clean and repaired, nets nicely piled up, diesel stocked up and every member of the crew ready for a good catch.

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    Now that the dust has begun to settle on the Rs 1750 crore divestment of their mining assets in Goa, what lies on the road ahead for the Dempo Group and the suave young couple at its helm? Rajiv D’Silva tries to find out.

“Success has many fathers, failure is an orphan”, goes the saying. Obviously, many people revel in someone else’s success, trying to take a share of the credit that rightfully belongs to the achiever. Failure is left alone for the condemned to suffer in silence and shame.

I met Clayton de Souza after a lot of to-ing and fro-ing. Clearly, the young man is a man on the move. Hailing originally from Piedade-Divar, Clayton comes armed with a degree in business studies all the way from the United Kingdom. “Why Goa?” you ask him and he tells you something that makes great copy.

The Goa Chief Minister Digambar Kamat on July 24 presented an additional budget for the year 2009-10 which could unhesitatingly be termed ”industry-friendly”, but could end-up antagonizing the middle class.

Positioning
The battle for your mind

Harshvardhan Bhatkuly