Business Today readers feedback on the magazine's coverage

Business Today readers feedback on the magazine's coverage -

"Coining" Glory

This refers to your cover feature on Vishal Sikka (Infy After Murthy, July 20) . Passing on the CEO baton to a rank outsider - ex-SAP Director Vishal Sikka - seems to be a smart strategic move on the part of founder N.R. Narayana Murthy, to pull the company out of its morass and pave the way for it to regain its earlier mojo. Bringing in an outsider will have a double-fold impact on the fluctuating fortunes of Infosys: it will put to rest the internal bickering which marked the entry of Murthy's son Rohan into the company, which seemed to suggest that perhaps he was being groomed as the heir to the empire in the near future. Sikka will bring in a fresh perspective and take an unbiased look at the power politics that has hitherto plagued the company's performance and sullied its market image to some extent. Having excellent credentials, Sikka will be able to command respect from the young professionals and lead the company to greater heights of performance in these competitive times. Let us hope and pray that Infosys has now tossed a genuine "sikka" (coin in Hindi) and will soon win back its leadership crown! If that happens, it will be Sikka's "coining" glory, indeed. - J.S. Broca, New Delhi

Deserving Her Political Success

The story on Amma Unavagam project (Mother of All Populist Schemes, July 20) was interesting. It is true that bad news spreads fast, but at the same time good work by politicians (which is itself very rare) is also appreciated sometimes. Tamil Nadu Chief Minister J. Jayalalithaa knows well how to hit the bullseye - the landslide victory in the recent Lok Sabha elections. Even if it has helped her politically, the Amma canteens are a good cause. They fight hunger and feed the poor on a large scale. - Namita Mahapatra, New Delhi

Tightening Debt Restructuring Rules

It was great to find such a well-written piece on debt restructuring (Backup Fails the Test, July 20). Though the purpose of corporate debt restructuring (CDR) is to provide relief to distressed borrowers, the recent spurt in restructuring cases indicates that many Indian banks are desperate to restructure assets in order to avoid increasing their non-performing assets. But if the promoters who have ruined their companies keep getting patronage, the system will soon be in serious jeopardy. The central bank has to find a way to tighten the CDR regulations to bring them on par with global practices - and do so soon. - Biswaranjan Mishra, Gurgaon

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