Cyrus Mistry’s tenure shortest in Tata Sons’ history

Tata Sons’ decision on Monday to replace Cyrus Mistry as Chairman has surprised many. Former chief Ratan Tata will now take over for a period of four months until a selection committee finds a successor. At this moment, though speculations are rife, the reason behind this surprise move is unclear. The committee comprises Ratan N Tata, Venu Srinivasan, Amit Chandra, Ronen Sen and Lord Kumar Bhattacharyya.

Here’s a look at the number of years the group’s chairmen have held their positions:

 

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    Americans tend to dominate in Nobel Economics

    The Royal Swedish Academy of Sciences will announce the Nobel Prize winner in economics – technically, the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel – today. The Guardian has a list of probable winners – Olivier Blanchard of MIT, Edward Lazear of Stanford’s Hoover Institution, Marc Melitz of Harvard and Paul Romer of NYU Stern. It’s tough to say if one or more of these economists will win. But, it should come as no surprise that each one of them is associated with an American university. American economists tend to dominate the list (see chart below). There might even be a bias towards free market economics, according to a book The Nobel Factor: The Prize in Economics, Social Democracy, and the Market Turn by economic historians Avner Offer and Gabriel Söderberg.

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      This decade is India’s best in home test matches

      Today, India begins its match number 501 in test cricket in Kolkata. Of the 500 test matches played by India before this, 249 were at home, in hot conditions and on tracks favouring a traditional strength of teams from the sub-continent: spinners.
      Since the early-nineties, in the five-day format, India has won more at home than lost. If that split was examined by decades, the ongoing decade is the best India has been at home, winning 69% of its test matches.
      In the 70s, the famed spin quartet gave India the edge at home. That edge eroded in the 80s, when they left and the obdurate captaincy of Sunil Gavaskar saw India take a safety-first approach. The winning habit at home became a constant in the 90s, with the advent of Anil Kumble. This was the decade when India was unbeatable at home but couldn’t win anything abroad, giving rise to the phrase, ‘tigers at home, lambs abroad’.
      The first decade of this century—India’s best in test matches away from home—saw the winning rate at home fall. India drew more matches, and teams like Australia and South Africa adapted to Indian conditions a whole lot better. This decade, India is back to its crushing ways at home. And it’s happened in the backdrop of the emergence of another match-winning spinner: R Ashwin.

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        Just how big is data for Indian telcos today?

        Data has been the battleground in Indian telecom for some years now. The big-bang entry of Reliance Jio — which will charge only for data and offer voice calls for free — promises to take the tussle over data to a new level. But just how big is data for Indian telecom companies right now?

        According to figures released by the telecom regulator, in the quarter ended March 2016, telecom companies whose services are based on the GSM technology (95% of Indian subscribers) earned average revenue per user (ARPU) of Rs 131. At 48.2%, voice calls made the largest contribution. Data usage was second, at 21.6%.

        Seen through this prism, the Reliance Jio strategy aims to open two fronts to the competition simultaneously. On the one hand, by offering voice calls for free, it aims to attack the revenue component that fetches other telecom companies nearly half their revenues. On the other hand, by offering data cheap, it aims to increase the share of data in the overall telecom revenue pie while trying to wean away users from rival networks.

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