p2 expulsions, sackings solar impulse 2 and billionaire tales · bloomberg by bloomberg by michael...

2
T HE E CONOMIC T IMES www.etpanache.com ADVERTORIAL & PROMOTIONAL FEATURE Romance killjoys Beware of these relationship pitfalls P2 Expulsions, sackings and billionaire tales 10 books by self-made worthies that will teach you how to take on the world – and then run it businessinsider.in W hether you want to launch an empire or be- come the best in your field, who better to con- sult than those who’ve defied the odds and achieved the peak of financial success? Here are 10 books which reveal how these self-made masters of industry achieved the impossi- ble, in their own words. The Virgin Way by Richard Branson In The Virgin Way , the billion- aire founder of Virgin Group offers lessons on management and entrepreneurship, includ- ing the importance of listening to others and hiring the right people. Branson is honest about his successes as well as his failures, such as underestimat- ing Coke’s influence when he tried to launch Virgin Cola in the 1990s. Onward by Howard Schultz Readers will learn how Schultz made tough decisions — like temporarily shutting down more than 7,000 US stores — in order to help Starbucks grow without neglecting its core values. They’ll learn, too, about Schultz as a person, as he weaves together his unique business strategy with an- ecdotes about growing up in Brooklyn, New York. It's an hon- est and passionate recounting that will inspire entrepreneurs and everyone else to be brave in the face of adversity. How to Win at the Sport of Business by Mark Cuban Dallas Mavericks owner and Shark Tank investor Cuban writes candidly about how he progressed from sleeping on his friends’ couches in his 20s to owning his own company and becoming a multi-billion- aire. Cuban recounts that even though he didn’t know much about computers, he beat his competition because he spent so much time learning about the software his company sold. Bloomberg by Bloomberg by Michael Bloomberg Published in 1997, Bloomberg's autobiography guides read- ers through the highlights of his career: how he rose to suc- cess at Salomon Brothers, how he was fired in 1981, and how he used part of his severance pay to create the company that is now Bloomberg LP. The book is filled with honest insights on leader- ship and management. Call Me Ted by Ted Turner In his autobiography, Turner outlines his unconventional path to success, from getting ex- pelled from Brown University to running his father's bill- board company to turning a small news station into a media empire. The First Billion is the Hardest by T. Boone Pickens The narrative takes readers all the way from Pickens’s experi- ence as a “corporate raider” in the 1980s to his late-life re- branding as an advocate for America’s energy independ- ence. Each chapter starts with a “Booneism” or a few words of wisdom on winning in life and business. Example: “I learned early on that you play by the rules. It’s no fun if you cheat to win.” Direct From Dell by Michael Dell Dell dropped out of col- lege at age 19 to found PC Limited, the busi- ness that is now Dell Computer Corp. At 27, he became the young- est CEO of a Fortune 500 company. In Direct From Dell, he explains the theory behind his unique management style. The inspir- ing rags-to-riches story also of- fers valuable leadership lessons. I learned early on that you play by the rules. Its no fun if you cheat to win_ T. Boone Pickens Solar Impulse 2 outlook still sunny Until recently, visitors to a fashion office belonging to one of India’s top business families were often met with a seating quandary. Every time they would take their place on a particular armchair in the reception area, they were politely told to get up and plonk themselves elsewhere. What was so special about this chair? As a security person revealed to one agitated visitor, the seat belonged to the family’s patriarch and was placed there in his loving memory. However, considering the inconvenience it was causing visitors, it has since been removed from the reception area. May the chair rest in peace . FATHER OF ALL CHAIRS On the Howard Schultz [email protected] Weather forced André Borschberg and Bertrand Piccard to make an unscheduled stop with Solar Impulse 2 in Japan on Monday while flying across the world in the solar-powered aircraft. The team sees it as a small hitch and is looking forward to resume the mission. Solar Impulse 2 took off from Abu Dhabi early March with Borschberg and Piccard in the cockpit. After stops in Oman, India, Myanmar and China, they faced unfavourable weather conditions on their attempt to fly six days and nights across the Pacific to Hawaii. This leg of the flight is the longest and the most challenging one. Earlier, the weather held the duo back in China too for a few weeks in April. “It doesn’t really affect anything,” says Elke Neumann, the spokesperson of the project. “We have to find a new weather window as soon as possible. We have been working with weather experts and they have to decide on a new flight path. It will take some time and is totally weather dependent.” Neumann adds, “We have had minor challenges with the plane but it has performed well so far. We, of course, can’t influence the weather. This barely is a surprise and all a part of the adventure.” The aircraft is now at the airport in Nagoya, a town near Tokyo, in an inflatable mobile hangar. Post Hawaii, the pilots will fly to different parts of the US, then either to Europe or Africa before coming full circle in Abu Dhabi. While Borschberg returned to Switzerland for a week after having taken ill in April, the pilots, now are in fine shape, says Neumann. They are looking forward to resume their attempt to fly across the Pacific at the earliest . Minor challenges apart, Bertrand Piccard and André Borschberg say that the plane has performed well Mission to power on despite weather hitch Enter new CEO, exit Cisco’s CTO, says report businessinsider.in Joining the ranks of other high- ly-placed colleagues, word is that Padmasree Warrior, Cisco’s CTO and Strategy Officer, is leaving too, when new CEO Chuck Robbins officially takes over at the end of July, sources have told Re/Code’s Arik Hesseldahl. Cisco today confirmed that two other executives have resigned: COO Gary Moore and president Rob Lloyd, both considered front-runners to become the next CEO upon the retirement of long-serving Chairman and CEO John T Chambers. More departures are ex- pected as Robbins puts his own team in place. Warrior had a mixed reputation at Cisco and within its bigger eco-systems. On the plus side, she is said to be smart, articulate, good with customers and is a well-known name and face associ- ated with the company. Often front and center on stage at the company’s an- nual customer conference, Cisco Live, demonstrating new technology, she has been an advisor and mentor to startups, particularly those founded by women. On the downside, she didn’t garner a lot of internal respect as an engineering leader, which is the unit she was origi- nally hired to run, many people close to the company said. She joined Cisco in 2008, having been CTO at Motorola. At first she co-shared the role of head of engineering with Pankaj Patel, back when Chambers organised the com- pany via executive councils, wherein units were led by multiple leaders. But when Cisco started its massive multi-year reorganisation a few years ago, Warrior was out of that role, and Patel became the sole leader of the en- gineering unit. Cisco engineers are the company’s lifeblood and represent 35 per cent of its 70,000 workforce. Warrior became the chief strategy of- ficer, a role that was held by others right before they left the company. Though industry watchers say it is hard to point to a single successful engi- neering project at Cisco which Warrior led, in her strategy role, it is believed she was a major force within Cisco’s all- important acquisition strategy. She was rumoured to be on her way out in January though Cisco at that time de- nied that the rumour was true. Cisco won’t comment if Warrior is out. However, Robbins says he will be announcing a new leadership team within the next two weeks. Expect to see the back of more executives in deci- sion-making positions as Robbins has said he “will move to a flatter leader- ship team” . APPOINTED Chuck Robbins, incoming CEO Padmasree Warrior, CTO Rob Lloyd, President Gary Moore, COO RESIGNED John T Chambers, outgoing Chairman RETIRing Leaving? Padmasree Warrior is among the top executives on their way out as Cisco prepares to welcome Chuck Robbins, its first new CEO in 20 years Turn to page 2 > PIC: GETTY IMAGES PIC: GETTY IMAGES PIC: SOLAR IMPULSE PIC: THINKSTOCK PHOTOS/GETTY IMAGES MUMBAI WEDNESDAY 3 JUNE 2015

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Page 1: P2 Expulsions, sackings Solar Impulse 2 and billionaire tales · Bloomberg by Bloomberg by Michael Bloomberg Published in 1997, Bloomberg's autobiography guides read-ers through the

THE ECONOMIC TIMES

www.etpanache.com

ADVERTORIAL & PROMOTIONAL FEATURE

Romance killjoys Beware of these

relationship pitfalls

P2

Expulsions, sackings and billionaire tales10 books by self-made worthies that will teach you how to take on the world – and then run itbusinessinsider.in

Whet her you w a n t t o l a u n c h a n empire or be-come the best

in your field, who better to con-sult than those who’ve defied the odds and achieved the peak of financial success?

Here are 10 books which reveal how these self-made masters of industry achieved the impossi-ble, in their own words.

The Virgin Way by Richard BransonIn The Virgin Way, the billion-aire founder of Virgin Group offers lessons on management and entrepreneurship, includ-ing the importance of listening to others and hiring the right people. Branson is honest about his successes as well as his failures, such as underestimat-ing Coke’s influence when he tried to launch Virgin Cola in the 1990s.

Onward by Howard SchultzReaders will learn how Schultz made tough decisions — like temporarily shutting down more than 7,000 US stores — in order to help Starbucks grow without neglecting its core values. They’ll learn, too, about Schultz as a person, as he weaves together his unique business strategy with an-ecdotes about growing up in

Brooklyn, New York. It's an hon-est and passionate recounting that will inspire entrepreneurs and everyone else to be brave in the face of adversity.

How to Win at the Sport of Business by Mark CubanDallas Mavericks owner and Shark Tank investor Cuban writes candidly about how he progressed from sleeping on his friends’ couches in his 20s

to owning his own company and becoming a multi-billion-aire. Cuban recounts that even though he didn’t know much about computers, he beat his competition because he spent so much time learning about the software his company sold.

Bloomberg by Bloombergby Michael BloombergPublished in 1997, Bloomberg's autobiography guides read-

ers through the hi g h l i g ht s of his career: how he rose to suc-cess at Salomon Brothers, how he was fired in 1981, and how he used part of his severance pay to create the company that is now Bloomberg LP. The book is filled with honest insights on leader-ship and management.

Call Me Ted by Ted TurnerIn his autobiography, Turner outlines his unconventional path to success, from getting ex-pelled from Brown University to running his father's bill-board company to turning a small news station into a media empire.

The First Billion is the Hardest by T. Boone PickensThe narrative takes readers all the way from Pickens’s experi-ence as a “corporate raider” in the 1980s to his late-life re-branding as an advocate for America’s energy independ-ence. Each chapter starts with a “Booneism” or a few words of wisdom on winning in life and business. Example: “I learned early on that you play by the rules. It’s no fun if you cheat to win.”

Direct From Dell by Michael DellDell dropped out of col-lege at age 19 to found PC Limited, the busi-ness that is now Dell Computer Corp. At 27, he became the young-est CEO of a Fortune 5 0 0 c ompa ny. I n

Direct From Dell, he explains the theory behind his unique management style. The inspir-ing rags-to-riches story also of-fers valuable leadership lessons.

“I learned early

on that you pl

ay

by the rules. I

t’sno fun

if you

cheat to win”

_ T. Boone Picken

s

Solar Impulse 2outlook still sunny

Until recently, visitors to a fashion offi ce belonging to one of India’s top business families were often met with a seating quandary. Every time they would take their place on a particular armchair in the reception area, they were politely told to get up and plonk themselves elsewhere. What was so special about this chair? As a security person revealed to one agitated visitor, the seat belonged to the family’s patriarch and was placed there in his loving memory. However, considering the inconvenience it was causing visitors, it has since been removed from the reception area. May the chair rest in peace.

FATHER OF ALL CHAIRSOn the

Howard

Schultz

[email protected]

Weather forced André Borschberg and Bertrand Piccard to make an unscheduled stop with Solar Impulse 2 in Japan on Monday while f lying across the world in the solar-powered aircraft. The team sees it as a small hitch and is looking forward to resume the mission.

Solar Impulse 2 took off from Abu Dhabi early March with Borschberg and Piccard in the cockpit. After stops in Oman, India, Myanmar and China, they faced unfavourable weather conditions on their attempt to fly six days and nights across the Pacific to Hawaii. This leg of the flight is the longest and the most challenging one. Earlier, the weather held the duo back in China too for a few weeks in April.

“ It do e s n’ t r e a l ly a f fe c t anything,” says Elke Neumann, the spokesperson of the project.

“We have to find a new weather window as soon as possible. We have been working with weather experts and they have to decide on a new flight path. It will take some time and is totally weather dependent.”

Neumann adds, “We have had minor challenges with the plane but it has performed well so far. We, of course, can’t influence the weather. This barely is a surprise and all a part of the adventure.”

The aircraft is now at the airport in Nagoya, a town near Tokyo, in an inf latable mobile hangar. Post Hawaii, the pilots will f ly to different parts of the US, then either to Europe or Africa before coming full circle in Abu Dhabi.

While Borschberg returned to Switzerland for a week after having taken ill in April, the pilots, now are in fine shape, says Neumann. They

are looking forward to resume their attempt to fly across the Pacific at the earliest.

Minor challenges

apart, Bertrand

Piccard and André

Borschberg say

that the plane has

performed well

Mission to power on despite weather hitch

Enter new CEO, exit Cisco’s CTO, says report

businessinsider.in

Joining the ranks of other high-ly-placed colleagues, word is that Padmasree Warrior, Cisco’s CTO and Strategy Officer, is leaving too, when new CEO Chuck Robbins officially takes over at the end of July, sources have told Re/Code’s Arik Hesseldahl.

Cisco today confirmed that two other executives have resigned: COO Gary Moore and president Rob Lloyd, both considered front-runners to become the next CEO upon the retirement of long-serving Chairman and CEO John T Chambers. More departures are ex-pected as Robbins puts his own team in place.

Warrior had a mixed reputation at Cisco and within its bigger eco-systems.

On the plus side, she is said to be smart, articulate, good with customers and is a well-known name and face associ-ated with the company. Often front and center on stage at the company’s an-nual customer conference, Cisco Live, demonstrating new technology, she has been an advisor and mentor to startups, particularly those founded by women.

On the downside, she didn’t garner a lot of internal respect as an engineering leader, which is the unit she was origi-nally hired to run, many people close to the company said. She joined Cisco in 2008, having been CTO at Motorola.

At first she co-shared the role of head of engineering with Pankaj Patel, back when Chambers organised the com-pany via executive councils, wherein units were led by multiple leaders.

But when Cisco started its massive multi-year reorganisation a few years ago, Warrior was out of that role, and

Patel became the sole leader of the en-gineering unit. Cisco engineers are the company’s lifeblood and represent 35 per cent of its 70,000 workforce.

Warrior became the chief strategy of-ficer, a role that was held by others right before they left the company.

Though industry watchers say it is hard to point to a single successful engi-neering project at Cisco which Warrior led, in her strategy role, it is believed she was a major force within Cisco’s all-

important acquisition strategy.She was rumoured to be on her way out

in January though Cisco at that time de-nied that the rumour was true.

Cisco won’t comment if Warrior is out. However, Robbins says he will be announcing a new leadership team within the next two weeks. Expect to see the back of more executives in deci-sion-making positions as Robbins has said he “will move to a flatter leader-ship team”.

APP

OIN

TED

Chuck Robbins,

incoming CEO

Padmasree

Warrior, CTO

Rob Lloyd,

President

Gary Moore,

COO

RES

IGN

ED

John T

Chambers,

outgoing

Chairman

RETIRing

Leav

ing

?

Padmasree Warrior is among the top executives on their way out as Cisco prepares to welcome Chuck Robbins, its first new CEO in 20 years

Turn to page 2 >

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PIC: SOLAR IMPULSE

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MUMBAIWEDNESDAY

3 JUNE 2015

Product: ETNEWMumbaiBS PubDate: 03-06-2015 Zone: PanacheMumbai Edition: 1 Page: ETPANMFP User: sachink2110 Time: 06-02-2015 16:46 Color: CMYK

Sankhadip.Dey
Typewritten Text
Source: http://economictimes.indiatimes.com/magazines/panache/10-books-by-billionaires-that-will-teach-you-how-to-run-the-world/articleshow/47522644.cms
Page 2: P2 Expulsions, sackings Solar Impulse 2 and billionaire tales · Bloomberg by Bloomberg by Michael Bloomberg Published in 1997, Bloomberg's autobiography guides read-ers through the

variety

[email protected]

Every relationship hits a few bumps, but there are some issues that can slowly chip away

at your relationship with your spouse and ultimately, lead to its demise. We tell you what you need to watch out for.

Like glueSure, you’re in love and want to spend every waking mo-ment with your spouse. It’s cute

and sweet, but too much time together can make you grow apart. Everyone needs some me-time and those few hours spent alone can do wonders for your relationship. Also, what are you going to talk about if you spend every moment with your part-ner? Personal time gives you the chance to grow as a person and pursue your own interests.

Not them againIs your dislike for your partner’s friends or family evident? It’s going to be exposed eventually and let’s just say, the result is not going to be good. Criticising, disliking and avoiding the people your woman loves will

slowly but surely create tension. Unfortunately,

there’s not much you can do over here but make an effort to grin and bear it. However,

avoid criticising them too much and focus on

how much they mean to your partner instead.

The gamesWith deadlines, meet-ings, children and run-ning a home, it’s fair to say that most of us are tired. All the time. But when it becomes a game of proving who’s more tired/ exhausted/ fed up of life, we suggest you skip your turn play-ing. Couples who con-stantly compete with who’s having a tougher

time end up alienat-

ing their partners. If your partner is complaining, listen and talk to them, don’t unload your own problems on them. However, make some ground rules such as you both are only allowed to complain for five minutes each before sharing something good that happened during the day.

The third wheelIf a potential suitor is chasing ei-ther you or your partner, it may be flattering at first, but the ego boost can have a negative impact on your relationship if you let it persist. A table for three is never a good idea if you want to make a relationship work. If there is someone lingering in the back, especially an ex, it can damage the relationship and cre-ate a sense of distrust.

TechnologyOne of the newest re-lationship killers is kept right in your pocket. Your phone with access to social media and instant messaging may seem like a trivial issue, but it can actually drive you and your partner apart. It creates constant distrac-tions, interrupts conversation and disconnects you from your partner. Learn to limit your usage or it could ruin your relationship.

“Two great talkers will not travel far together.” — GEORGE BORROW

STRIPES AND STARSEmbrace your inner zebra and sport these stripes with [email protected]

Bossini at Lifestyle cotton tee`799

Shoppers Stop Life cotton t-shirt `1,099

Ted Baker rugby polo available atDarveys.com`6,450

Parx cotton t-shirt`1,799

Quiksilver cotton t-shirt

`2,490

Armani Jeans cotton t-shirt

`8,000

Van Heusenjersey polo`1,299

Sometimes, what takes down a romance aren’t the big issues like cheating or lying, but niggling problems that might escape notice

AMOUR, NO MORE

PICS: GETTY IMAGES

My style I like to feel comfortable at work and I mainly wear a shirt with a pair of smart casual trou-sers. I like classic colour combina-tions and normally wear different

shades of blue, white or grey which are my favourite.Work vs weekend On weekends, I normally wear T-shirts and shorts since I do a lot of outdoor activities. I like to go cycling early mornings in the forest next to Qutub Minar, which has a great path and is full of wildlife. Celeb style When it comes to style, Hugh Jackman nails it. Skin & men The golden rule of skincare for men is that they should wash their face twice a day with a good face wash that is suitable for their skin type. Every man

should own a sunscreen and a nice aftershave, which will not only take care of the effect of the shave, but also nourish and soothe your skin. My wardrobe essentials A good white shirt is a must as it is so ver-satile. Biking shoes are an essential part of my wardrobe. Other indis-pensible items include a black polo, a range of scarves and a well-tailored suit. Mistakes men make One of the biggest mistakes men make is shaving after breakfast. When you wake up, your skin and your jaw muscles are totally relaxed and the skin is easier

to shave. After breakfast, the muscles of mas-

tication

are harder and the blood flow in your face increases. You cut your-self easily and bleed more then.The little things While a good watch and a sophisticated pair of cufflinks are great, I really like scarves as ac-cessories. They are available in dif-

ferent fabrics, colours and ways to wear which make them the ideal accessory to create a dif-ferent look each time.On trends I love stripes on gar-

ments for men. I like this trend because it allows you to bring some va-riety to your look but still remains classy. But, one trend I don’t like is the style of wearing polos with big logos on the chest

and a popped collar. I find it pompous.

[email protected]

STYLE OF A MAN

L’Occitane’s India head Gilles Moutounet on his top wardrobe picks

True Religion cotton tee, available at luxuryquotient.in`7,000

Nautica cotton tee`1,799

Flying Machine

cotton t-shirt`899

Bold and

purple

suits

Salman

Khan just

fine

will.i.am

in classic

black and

white

stripes

Saif Ali Khan

pairs blue

stripes with

blue denims

Paul & Shark multi-stripe cotton tee`15,990

Allen Solly multi-stripe

cotton tee`1,399

‘Allow some variety in your fashion’

Breakbounce, Heron cotton

tee `899

For quite some time, Louis Vuitton has been wooing travellers and fashion conscious deep-pocketed shoppers with its travel books collec-tion where young and established artists dis-cover new destinations and offer a contempo-rary vision of travel. The latest addition to the collection is The Artic by Blaise Drummond and Edinburgh by Floc’h.

Penned by French illustrator Floc’h, the Edinburgh edition uses his “ligne claire” style to capture the capital city of Scotland. Published by Louis Vuitton, the 168 page travel book holds 20 original drawings, biography, introduction and captions.

Floc’h is renowned for his collec-tions of prints, book jackets, film posters

and title sequences for Alain Resnais and Woody Allen, children’s collections, advertis-ing and illustrations for magazines (The New Yorker, Monsieur) and much more.

Meanwhile, Irish artist Blaise Drummond presents a delicate and fascinating vision of the Arctic with his work that attests to the de-sire for some state of grace. The Artic edition contains 120 original drawings, a biography, an introduction and captions in 144 pages.

—pursuitist.in

:::::: journeys retold

LUXURY TRAVEL BOOKS OFFER PEEK INTO THE ARTIC AND EDINBURGH

Expulsions, sackings and other billionaire talesBuilt from Scratch by Bernie Marcus and Arthur BlankIn Built from Scratch, Marcus and Blank chronicle how they changed their fate and turned their dreams into reality. After the two were fired from a home-improvement chain called Handy Dan in 1978, they decided to pursue their idea of creating discount store Home Depot.

The book details the com-pany’s founding, growth and includes the importance of knowing your customer and giving back to the community.

What I Know For Sure by Oprah WinfreyWhat I Know For Sure is a collec-tion of Winfrey’s columns in O, T h e O p r a h M a g a z i n e .Each one of-fers a different life lesson on

topics including joy, gratitude, and power, often based on her personal experience.

Ralph Lauren by Ralph LaurenGrowing up as the son of Jewish immigrant parents liv-ing in the Bronx, the idea for Polo Ralph Lauren was born when the fashion designer at-tended a polo match as a young man and was captivated by “high society” style. In his au-tobiography, he shares his per-sonal history, the inspiration

behind his work, and beauti-ful photographs.

> Continued from page 1

What I Know For Sure,Winfrey’s book of essays

If you were looking to get your lady the most expensive hand-bag ever sold, too bad — that ship has sailed. At an inter-national handbags and ac-cessories sale held by Christie’s in Hong Kong on Monday, a fuchsia diamond-encrusted crocodile skin 2014 Birkin was sold for $2,22,000, the most any handbag has ever received at

an auction. Before this, the most expensive handbag sale stood at

$2,18,000 for a gold and dia-mond piece, once owned by Hol ly wo o d st a r

Elizabeth Taylor.

Birkin bag fetches $2,22,000 at Christie’s Hong Kong auction

Work commitments

that kept them

apart took their toll

on Freida Pinto and

Dev Patel

Jennifer Lawrence

(inset) and Chris

Martin briefly split

over the singer’s

relationship with

ex-wife Gwyneth

Paltrow

Ben Affleck and Jennifer

Lopez allegedly split

because their friends didn’t

approve of the romance

Re

cord

SA

LE

Moutounet picks Hugh Jackman as the most stylish celeb

According to reports,

Bollywood couple

Hrithik and Sussanne

Roshan “grew apart”

before they divorced

(Left) The Arctic book; (above) The Edinburgh edition

PIC

S: G

ETTY

IMA

GES

, TH

INK

STO

CK P

HO

TOS/

GET

TY IM

AG

ES

PICS: THINKSTOCK PHOTOS/GETTY IMAGES

PICS: GETTY IMAGES

PIC: GETTY IMAGES

White shirts and biking shoes are a must in Moutounet’s wardrobe

Music producer

Calvin Harris and

singer Rita Ora broke

up via Twitter

Daniel Radcliffe, in

very British Union

Jack stripes

Gilles Moutounet,

Country Head

India, L’Occitane En

Provence

MUMBAI, WEDNESDAY, 3 JUNE 2015 02

Product: ETNEWMumbaiBS PubDate: 03-06-2015 Zone: PanacheMumbai Edition: 1 Page: ETPANMP2 User: sachink2110 Time: 06-02-2015 16:44 Color: CMYK