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Archive for September, 2009

Sep 29 2009

How Asian Paints outperformed rivals

Published by atreyee under Living, News Edit This

Indian soldiers take great pride in the crease of their trousers, the twirl of their moustache and the shine on the metal and leather they wear.

Arms, medals, epaulettes are all brought to the perfect shine before a parade. One key item of inspection is the glint on the ammunition boots.

One enterprising regiment, the story goes, instead of using polish bought a box of Asian Paints paint and used it to good effect on the boots. Asian Paints managing director & CEO PM Murty doesn’t know if it’s a true story, though he joined the company way back in 1971. What he does know is that such small purchases can make the distinction between profit and loss, survival and extinction.

Asian Paints has for long sold very small cans of paint which are used to colour the horns of bulls during the Pola festival in Maharashtra and the auspicious small red and yellow stripes at the bottom of the front door of Tamil Nadu homes.

This might not always be remunerative, but it has given a tremendous boost to the company’s brand recall. When the market is up, everybody makes money. But when the chips are down, only resilient brands stay afloat.

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Sep 14 2009

Serena Williams Fined After On Court Tirade

Published by atreyee under Sports Edit This

Serena Williams was fined $10,000 Sunday for a profanity-laced tirade directed at a U.S. Open line judge, and an investigation is under way to determine whether there should be additional punishment.

The $10,000 penalty — not quite 3 percent of the $350,000 in prize money Williams earned by reaching the semifinals at Flushing Meadows — is the maximum on-site fine that can be issued for unsportsmanlike conduct at a Grand Slam tournament.

The U.S. Open said in a statement that the Grand Slam Committee Administrator will “determine if the behavior of Ms. Williams warrants consideration as a major offense for which additional penalties can be imposed.”

Williams, who was the defending champion, also was docked $500 for smashing her racket after the first set of what became a 6-4, 7-5 loss to Kim Clijsters on Saturday night.

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