Posts Tagged ‘Business Today’

‘Media’s mandate is to also chronicle good news’

14 January 2013

Business Today, the business magazine from the India Today group, is celebrating its 21st anniversary with a special issue that lists “66 reasons to keep faith in India”.

On the back page, editor Chaitanya Kalbag writes:

Shine on, you crazy diamonds

“I remember back in the 1970s, when a new India was just over a quarter of a century old, Geoffrey Moorhouse, in his foreward to his Calcutta wrote: ‘The imperial residue of Calcutta, a generation after Empire ended, is both a monstrous and a marvellous city. Journalism and television have given us a rough idea of the monstrosities but none at all of the marvels. I can only hope to define the first more clearly and to persuade anyone interested that the second is to be found there too.’

“The Japanese possess a very fine aesthetic, and their poets transformed what they observed into written pointillism in the form known as haiku—a 17-syllable composition in three lines. Read this haiku by Basho (1644-1694): ‘Seen in plain daylight/ the firefly’s nothing but/ an insect.’ So true. it is only against the ink-black night that light flares out brightest, and it is only against the backdrop of the rancour and vitriol that we respond positively, and eagerly to good news and tidings of the better side of human nature.

“We have much to look forward to, there really is a lot that is going right. When every “news-hour” on prime-time television actually a showcase for a shouting, berating, finger-wagging “anchor”—heaven knows what they are anchoring when they are ricocheting so much—you are hard put to really get near the real news. If you read the vernacular press you information couched like agendas; you rarely get dispassionate reportage.

“So where do you turn for positive news on what is happening across the vast United States of India? You will find one repository of good news at www.goodnewsindia.com. Its progenitor D.V. Sridhran writes that he stopped the website in 2006 to concentrate on a land restoration project. The website has been revived in 2012 and you will find several good stories.

“We do have a responsibility to ourselves to chronicle the tides rolling in. It is not easy finding these inspiring tales. Our antennae need to become super-sensitive to pick up those feeble radio signals. Sometimes we do tune in to them, and the sounds we hear are music to our ears.”

Sreenath Sreenivasan named Columbia CDO

12 July 2012

Sreenath Sreenivasan, the Tokyo-born son of former Indian diplomat T.P. Sreenivasan, who freelanced for India Today, Business Today and The Sunday Observer before joining Columbia University on its staff, has been appointed its chief digital officer.

Link via Vishwatma Bhat

Also read: Do journalism schools produce better journos?

How come media did not spot Satyam fraud?

8 January 2009

A requiem for Indian business journalism, in the delightfully breathless style of Juan Antonio Giner, founder-director, Innovation International Media:

‘Satyam’, meaning truth.

India’s fourth largest software services provider. The darling of Hyderabad.

An outsourcing company with 53,000 employees that serviced 185 of the Fortune 500 companies in 66 countries.

A company which now says 50.4 billion rupees of the 53.6 billion rupees in cash and bank loans that it listed in assets for its second quarter, which ended in September, were nonexistent.

India’s biggest corporate fraud ever.

Hell, India’s biggest fraud ever: customers, clients, shareholders, employees, families down in the dumps.

India’s Enron.

We have heard all the big questions being asked. So far.

How come the analysts did not know?

How come the auditors did not know?

How come the regulators did not know?

How come the directors did not know?

How come the bankers did not know?

Yes. But where is the other question?

How come the media did not know?

Yes.

How come the English newspapers did not know?

# Not Deccan Chronicle, not The Hindu, not The New Indian Express, not The Times of India.

# Not The Economic Times, not Business Line, not Financial Chronicle, not Business Standard, not Financial Express.

How come the foreign newspapers did not know?

# Not New York Times, not Wall Street Journal, not Financial Times.

How come the Telugu dailies did not know?

# Not Eenadu, not Andhra Jyoti, not Andhra Prabha, not Saakshi.

How come the general interest magazines did not know?

# Not India Today, not Outlook, not The Week.

How come the business magazines did not know?

# Not Business Today, not Business World, not Outlook Business.

How come the English news channels did not know?

# Not NDTV, not CNN-IBN, not Times Now, not Doordarshan News.

How come the business channels did not know?

# Not CNBC, not NDTV Profit, not UTVi.

How come the Telugu channels did not know?

# Not ETV, not Maa TV, not TV9, not TV5, not Doordarshan

So many media vehicles, but so little light on the infotech highway yet so much noise.

But who is asking the questions?

Is journalism that doesn’t shed light journalism?

Or puff?

Or PR?

Or Advertising?

Also read: Is this what they really teach at Harvard Business School?

Is Satyam alone in creative accounting scam?

New Year card Ramalinga Raju did not respond to

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