This IT professional-turned-writer has gone to great lengths to make complex subjects intelligible to laymen
Noted writer and former chief of many top IT companies Achyut Godbole said he likes to enlighten and educate others with his writing and is ready to go that extra mile to help his readers comprehend 'complex' and varied subjects, like computers, economics and music. Speaking at a book discussion organised by Moneylife Foundation on 17th April, Mr Godbole shared his rich experience and the reasons for his becoming a writer. He said he likes to go to “any lengths to understand a particular subject” and then expound it in simple language that everyone can understand.
Mr Godbole has authored several books on technical and general subjects. His technical books, including 'Operating Systems', 'Data Communications and Networking' and 'Web Technologies', have been published by Tata MacGraw-Hill (India). Some of these books have also been translated into multiple languages, including Chinese. Many of them are being used as textbooks and reference books all over the world.
Sharing his journey from a CEO to a writer, Mr Godbole said while working with Patni Computer Systems, he found that those working under him were more knowledgeable in terms of computers and software. So, to understand all the technical jargon, he started reading books on these subjects and then decided to share his knowledge by becoming a writer. His first book, 'Operating Systems', got fulsome praise from many IT professionals including Infosys founder NR Narayana Murthy.
Mr Godbole has authored five books in Marathi (his mother tongue). His ‘Sanganakyug’ (on computers), ‘Boardroom’ (on management) and ‘Nadvedh’ (on music), Kimayagar (on science), ‘Zapoorza’ (on literature) and ‘Arthat (on economics)’ are immensely popular among both students and experts in these fields.
'Boardroom', his book on management, is based on his experience working for top IT companies and his frequent travels across the globe. Written in Marathi, this book provides an excellent introduction to corporate concepts and practices. In 'Kimayagar', he has dealt with scientific concepts about the earth and the progress of mankind.
Mr Godbole has an impressive collection of around 4,000 books and 3,000 CDs. Speaking about his passion for books, he said that he had trained himself to draw relevant information from these books while he was writing on a particular subject.
"Currently, I am working on four books on different subjects. My book on telecommunications will cover the history of this industry from its earliest stage to today's mobiles, Facebook and Twitter. In my second book on technology, I am trying to provide complete information on technologies like mp3, mobile communication, etc. I am also working on a book about the workings of the brain and the truths and myths associated with it," the writer said.
Mr Godbole’s writing style is informative and yet informal. This enables his readers to enjoy the process of assimilating knowledge on diverse subjects.
Earlier, Sucheta Dalal, founder-trustee of Moneylife Foundation, spoke about the goals and activities of the Foundation. Debashis Basu, editor & publisher of Moneylife magazine, welcomed Mr Godbole with a bouquet.
Pictures of the event
CRISIL Equities estimates about Rs40,000 crore will be raised from IPOs in 2010 and the reduction in timeline by 10 days is expected to translate into interest savings of Rs800 crore annually, at an opportunity cost of 10%.
Ratings agency CRISIL said it expects the reduction in the time between initial public offering (IPO) and listing to 12 days from 22 days will lead to interest savings of about Rs800 crore annually for retail and high net worth individual (HNI) investors.
Earlier this month, market regulator Securities and Exchange Board of India (SEBI) cut the time between IPO and listing to 12 days in an aim to make the existing public issue process more efficient.
“SEBI’s move to cut the time frame between IPO closure and listing will benefit investors participating in the primary market since it will lower the opportunity cost for funds invested in the IPO. Further, the move will reduce the risk of market volatility in the intermediate period and help rotation of investors’ money faster, thereby enhancing the subscription levels in the forthcoming IPOs,” Chetan Majithia, Head, CRISIL Equities, said.
CRISIL Equities estimates about Rs40,000 crore will be raised from IPOs in 2010. To calculate the interest cost savings, CRISIL has used the observed three-year average subscription level of 8 times in the retail category and 28 times in the HNI category from 2007 till date. Based on this, the reduction in timeline by 10 days is expected to translate into interest savings of Rs800 crore annually, at an opportunity cost of 10%.
The directive from SEBI, effective 1st May, is a step towards realigning the Indian market with the best practices in developed markets where the listing timeframe is three days from the closure of issue, CRISIL said.
The timeframe for listing on stock exchanges in developed markets such as the US, UK and Singapore is three days. Even in some emerging markets such as Brazil and Hong Kong, it is three days.
With the recent directive, SEBI hopes to realign the Indian market by gradually adopting practices prevailing in the developed markets. CRISIL Equities expects the timeline between IPO closure and listing to reduce further to around three to five days in line with global practices, the ratings agency added.
Some airlines have started talks with various foreign missions in India to take care of the stranded passengers from those countries
Air India, Jet Airways and Kingfisher Airlines on Monday cancelled their flights to the UK and other parts of Europe in the wake of huge clouds of volcanic ash emanating from Iceland, reports PTI.
Air India and Jet would, however, operate their flights to the US and Canada by taking a diversion, sources in the airlines said.
An Air India spokesperson said the airline will operate its flights from New Delhi to New York and New York to Delhi and also Mumbai-New York and New York-Mumbai flights with a diversion through a polar route. A polar route refers to an aircraft route across the uninhabited polar ice cap region.
Jet Airways has also started its Delhi-Toronto and Mumbai-New York flights with a technical stopover at Athens in Greece.
Some airlines have started talks with various foreign missions in India to take care of the stranded passengers from those countries.
Maintaining that they had already provided full accommodation and other facilities to hundreds of passengers for the past 2-3 days, they also said they were finding it difficult to continue this facility any longer.
Airline sources also said the carriers could not be held liable for disruption of flight operations under such circumstances.