Uncomfortable, yet relevant
Apropos of the column “Hello, Alphabet” (FE, August 12), the question to be asked is: Why Larry Page decided to restructure Google to Alphabet? The simple answer is that this restructuring will give Google the much-desired space to focus on internet products. Clearly, Google’s decision to dismantle its current operating structure has created a separate funnel for its innovative and futuristic projects, in yet another indicator that the firm doesn’t recognise convention. A notable futuristic project—one on which various other companies are also working—is Google’s driver-less car project. Its autonomous driving technology banks on advanced data modelling capabilities and high resolution Google maps. According to various news reports, by the end of this decade, the driver-less car could be on American roads. The good news is that, with the restructuring to Alphabet, projects such as driver-less cars will get freed up, with Google under a whole new roof. The author makes an appropriate point when he takes a line from the blog of Larry Page—“We’ve long believed that over time companies tend to get comfortable doing the same thing, just making incremental changes. But in the technology industry, where revolutionary ideas drive the next big growth areas, you need to be a bit uncomfortable to stay relevant. Nobody can argue with that.
Rishi Bajaj, Chandigarh
Bad bank a good idea
Apropos of the column “How to fix Greece’s banks”, there are some lessons for Indian banking in the column as well. India is not Greece (yet!), neither are our banks suffering as much as Greek banks are. But Indian PSBs have a scary-looking load of NPAs and the government can’t recapitalise them beyond a certain extent. And until investment sentiment revives, companies will be in no position to repay loans, neither will there be any credit growth for banks. So, the creation of a bad bank holds good for Indian PSBs too!
Prahlad Bhasin, Mumbai
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