Radia Tapes: (20090530-091732) Radia, Yatish
Duration: 00:10:53; Aspect Ratio: 1.250:1; Lightness: 0.068; Volume: 0.231; Cuts per Minute: 3.214; Words per Minute: 229.359
After getting frantic calls that money for the employees of NewsX hasn't reached yet, Radia and another person discuss with Yatish how NewsX needs to be restructured and managed. Consultants from Wide Angle (represented by one Rahul Kulsheshtra) have been hired, she says, to look at transition and rightsizing of operations. "Bahut saara tamaashaa huaa hai NewsX mein. Creditors need to be cleared" as vendors are turning up with cops at the office," she says. Ms Radia clearly indicates that she -- or whoever "we" is -- is completely in control of NewsX.
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Yatish: Good morning ma'am!
Yatish: Yes ma'am.
Nira: Yatish! Ek kam karo.
(Do one thing). Speak to Chandar firstly. Monday morning we have a conference call with Hari and Raja to freeze on that budget.
Nira: And I spoke to them yesterday because salaries for NewsX had to be released last night without the budget being approved.
Nira: So I have told them that we need to freeze on all this and I also indicated to him that we must have this meeting as a conference call on Monday itself because... Kal yaha pe
vendors turn up ho gaye the. Police le kar aa gaye the. Bahut sara tamasha hua hai NewsX mein.
(...yesterday all the vendors turned up here with the police. There was a lot of commotion at NEWSX.)
Nira: So basically what you have to do is send a mail to all saying that we are going to have a conference call and we are waiting for Hari to confirm a time when Raja will be free to discuss the budget.
Nira: Please can everybody tell us what time is convinient to them in the afternoon, right.
Nira: Chandar se bath kar ke...
(Talk to Chandar and...) ...the list of creditors... Also write that the creditors need to be cleared and all the one time items should be discussed so that we can't have people turning up at the office. Vendors are turning up with cops at the office now, you know?
Nira: But the thing is that we want to say there are one time items that we had talked about... What are the one time items we had discussed? First and most critical is also to discuss on Monday is the clearing of all creditors, past creditors.
Nira: Right ? And therefore what is the time line and how do they want to play with that? And that is to be separated from the operational budget that will be discussed on Monday. Right?
Nira: Now the one time items that need discussion on Monday would be the clearing of creditors, previous creditors before we took over the company.
Nira: What are the other issues one time you want to discuss? Distribution we have dissolved already, we are going to this thing as a budget. There is no need to discuss that as a one time item.
Man - (Inaudible)... High Definitions to Standard Definitions...........(inaudible)
Niira: This is which company? What's the company called?
the 'Man' prompting Niira Radia in the background -> seems most likely to be Jehangir Pocha
Man - Wide Angle.
Nira: Wide Angle Ok! Guys from Wideangle has been hired to look into the transition from HD to SD.
Man - ...and right sizing of operations.
Nira: And right sizing of operations. He is a consultant that we had talked in the last meeting. We had decided not to go forward with Essel but looked at this one.
Nira: His job will be three things. Yatish!
Nira: Transition, planning... Transition on HD to SD. Second?
Man - Review and right sizing of operations.
Nira: Review and right sizing of operations in terms of technologies and people. Vo jo hamara objectives jo tha
Essel Shyam ka vo unhone kiya nahi tha.
(The objectives which we had of Essel Shyam that they did not do.) And the third thing?
Man - Work flow process planning.
Nira: Work flow process planning.
Nira: Ok! These are the three things that we will do and therefore Rajee will just brief us.
Nira: Five lacs is the fee. One time not monthly. It is a one time five lac fee. He will do it in two weeks.
Nira: Ok! So we have taken him on to clear that. This would be part of the discussions that we will have.
Yatish: Wide Consultants?
Nira: Wide Angle.
Yatish: Wide Angle.
Yes! Also then Chandar se bhi baat kar. Chandar ko bol list of creditors tum ko abhi bhijvade...
(Talk to Chandar also. Tell him to send the list of creditors to you.)
Yatish: Ap ke mail pe aaye te vaise priority karke kal parso...
(It had come on your mail saying priority yesterday or day-before...)
Nira: Ek second hold kar
(One second hold the line)
Nira: Yatish you are on speaker phone, huh!
Yatish: Nahi nahi...
(No, No...) I am on normal.
Nira: No, no, I am, I am. I have put you on...
Man - Yatish, the thing to say is that this guy from Wide Angle, Rahul Kulsheshtra will come in and he will submit his report on the three parameters which I told you but after that is over we will come face to face with the issue of how do we handle Zoom and India Sign.
Man - They have to take back equipment. How do we renegotiate with them or whether we just stop paying them.
Man - That issue you know that Vinay was going to talk to Zoom and figure out na
Man - That issue will now come to our head.
Man - And the Bombay equipment is already been parceled because that we couldn't give back, they didn't think of that.
Man - So the Bombay equipment has been parceled and put into storage.
Man - So that equipment is actually already brought things little bit to a head.
Man - Then... After this based on what the report says we will have to actually implement it obviously.
Man - Negotiate with Zoom great but if we don't we will have to go with Essel Shyam.
Nira: I don't want the focus to shift in the meeting on that. Yatish you say that it is done and Jehangir will take what ever necessary operational discussions... (Unclear).
Man - Limited point here is that the discussion with Zoom and India Sign have to get done.
Nira: ... Have to tell us what is the status as far as that is concerned. But the critical factor is dealing with the past creditors and making sure we separate the two budgets from operation to that.
Nira: I don't want this meeting to carry on for 2 hours and we discuss one thing again and the budget is left.
Yatish: Theek Hai
Nira: I want this meeting to... And you can say that the meeting should not last for more than half an hour.
Nira: Actually it will only take us half an hour to work it out. We are already talking so... Raja will brief on the call. Please let us know what time that call will be, huh?
Nira: Let's not get into anything beyond the budget on that day because otherwise funds and not going to come in.
Yatish: Haan, Theek hai
Nira: You saw how their process works Yatish.
Yatish: Budget me revenue be discuss hogi ke nahi?
(Will the revenue also be discussed in the budget or not?)
Nira: Haan, vo distribution ke sath linked hai
(Yes that is linked with the distribution.)
Yatish: Theek hai. Nahi par us din table per vo kar rehay hai na? Ho sakta hai...
(Ok. No but on that day they are doing that on the table na? so may be...) ... but these people will try and stretch... ke revenue pe kya ho reha hai?
(... what is happening on the revenue?)
Nira: Mai ne tho already kal Raja aur Hari ko bol deya hai
(I have already told Raja and Hari yesterday.) Mai ne us din jab Bombay me meliti mai ne use samjadeya hai...
(That day when I met them only I explained to them...).
Nira: Ke agar mera reach he nahi hai tho mai advertising kahase lekar aa ungi...
(That if my reach only is not there then how will I get advertising.)
Yatish: Theek hai
Nira: I mean somebody is not going to give you advertising because they like your face na
Yatish: We have to be on the same page na
but... ap ne betha deya hai tho theek hai.
(... If you have told them then it is ok.)
Nira: Vo already betha deya hai...
(I have already told them...) ... and you can reiterate that in your... ehh... this thing.
Nira: I have no issue with that.
Yatish: Theek hai
Nira: Because the commitment was based on the fact... Vinay had given us the fact that there was penetration. Don't write all this in the mail but Vinay in the meeting, you were not there in that meeting, had promised that distribution actually will be through on last month of the year.
Nira: We are only found that to our horror that the fuck up with Sam that the guy... Our penetration has reduced...
(Yes...) so just... I am not concerned about that. That is Ok. I will handle that.
Yatish: Theek hai
Nira: Bejvado... creditors ka Chandar se bath karke...
(Send... Talk to Chandar and...) .... the creditors list must circulate before the conference call.
Yatish: Vo mai abi karva detha hu.
(I shall do that now.)
Nira: So let's do it on a conference. You have video conference in your this thing...No, we don't want to do video from NewsX otherwise we will all come on the screen. So we will do a conference call.
Yatish: Tele. Ok.
Nira: Ok Yatish, I am heading for Vaishno Devi haan
(Ok). So I'll...
(Ok) and safe journey. Mere taraf se prashad cheda degye ga.
(Place an offering on my name.)
Nira: Vo definately karungi. Theek hai vo de deye na papers?
(I will definitely do that. Ok, those papers are given no?)
Yatish: Haan, mei ne de deya hai.
(Yes I have given it.)
Nira: Muje sif ek missed call de de...
(Just give me a missed call...)... Usko bol dena...
(Tell him that...) I couldn't call him back. Mai abi kosish karti hu abi usko call karne ke leye nahi to use bol dena ke vo dek le mujhe phir.
(I will try to call him now if possible otherwise tell him to see me afterwards.)
Nira: ... Monday Tatas ko mai ne nahi bulaya hai.
(... I have not called the Tatas on Monday.)
Nira: Vo bol dena usko, janbuch ke nahi bulaya hai...
(Tell him that, purposely I haven't called them...) .... because he and I have not had the discussion yet.
Yatish: Theek hai
(Ok.) Ill tell him that.
Nira: To Monday ke leye...
(So on Monday...) he was going to expect them at 12 o'clock. Vo nahi hai
(That is not there.)
Yatish: Some Shastri or someone.
Nira: Haan, haan vo nahi aa reha hai. Theek hai.
(Yes, yes, he is not coming. Ok.)
Yatish: Theek Hai
Nira: Tho hum log pehile discuss kar lege Monday fir uske badh kar lege.
(So we will first discuss on Monday and then do it).
Yatish: Theek hai maam.
Nira: Aur vo jo mail tum ne J ko beja tha...
(And that mail that you had send to J ...) Both on Papa NIFTY and Cedelion.
Nira: That J is going to send you on my mail today the specifications of the Brazil mines as well as the company and the details and spec. from the port in terms of what capacity it has got.
Nira: It is quite an amazing thing. The second thing is that we are not really interested in the coal and eucalyptus plant. I mean the coal plant. That that....
Yatish: Eucalyptus based...
Nira: We have a thing... We will specify that but he will put the whole thing together so if you need to forward it to NK Mishra...
Yatish: NK Mishra or Muthu Ramman?
Nira: Muthu Ramman ko bej dena aur NK Mishra ko copy kar dena.
(Send it to Muthu Ramman and copy it to NK Mishra.)
Nira: So if you have to forward that then you remove the name of the company.
Nira: But it doesn't matter. I mean the only thing is that they will end up approaching directly. Muje Tatas ka barosa nahi hota kabi.
(I never have faith in Tatas.) They are worse than... We think all the others are worse, they are even worse.
Yatish: Theek hai.
Nira: So I would just give him the specs.
Yatish: I'll do that Ok.
Nira: And he is also going to send you the specs for...
Yatish: Serria Leona and Senegal.
Nira: Toh Sanjay Nevatia ko jo be aaya hai Tata's se vo bhi forward kar dena uske mail pe.
(So what ever Sanjay Nevatia has been sent from the Tata's, forward that also on his mail.)
Yatish: Theek hai
(Ok.) I'll do that.
Nira: Yaa! So that should hopefully do it and lastly...kya kehena ta tuje?
(what I wanted to tell you?)
Nira: Acha mere meeting ho gaye hai us se kal theek gaye hai, achi gaye hai. Mere firse meeting hai Monday.
(Ok, my meeting has been done with him, it went well. There is another meeting on Monday.)
Nira: So I have to find a way of handling that. Mujhe ek hi usme solution chahiye toh Mr. Baijal se baat kar lena.
(I need only one solution in that so talk to Mr Baijal.)
Nira: See if we were to bring everyone together.
Nira: So COI and the CDMA operators together, which is the common ground. My sense... may be you can ask Mittal this, huh.
Nira: Mittal ko bolo tumare leye sabse... Baijal ko na pucho. Baijal confuse kar dega.
(Tell Mittal which is the most... Dont ask Baijal. He will confuse you.)
Nira: Mittal ko pucho ke sabse right policy mere hisab se toh 6.2 pe terminate hoti hai.
(Ask Mittal that the best policy as per me gets terminated at 6.2.)
Nira: Uske badh AGR increase hota hai jaha pe thum section vapas le nahi pao ge.
(After that AGR increases where you cannot take back the section.)
Nira: Aur Jo CDMA ka jo 5 Mhz hai. Usko jo tumara level playing field hai, usko sabko level playing field pe le aana.
(And the 5 Mhz of CDMA which is there, bring everything to that level playing field.) Mittal ko kehena ke sir aap ko ek bar yad hoga ke jab licenses issue ho rehe te GSM ke tab hum ne ek proposal benaya tha.
(Tell Mittal that sir you might remember that when the licences were being issued for GSM, that time we had made a proposal.)
Nira: Hum 7.5 per le geye te ... (unclear).... 5 Mhz on CDMA.
(We had take to 7.5Mhz ....(unclear)... 5 Mhz on CDMA.)
Nira: Kuki abi tho sab trans work...
(Because now all the trans work...) ...Voice ko
they will move on to 2G...
Nira: And they will put... ehh.. this thing... ehh... atleast the CDMA operators and they will use e-video.
Nira: So they will benefit by having 5:7:5 on the assumption because they will not have to then bid for 3G.
Nira: So they should have no problem with GSM then getting 7.5.
Yatish: Hmm! Ok.
Nira: You understand ? That can be a possible formula... ... To ek bar Mittal se bath kar lena.
(... so talk to Mittal once.)
Nira: Ok then we will discuss it on Monday.