Wednesday, June 17, 2009

Separatism - The Selling of Khalistan - IIPM Press Article

Khalistan remains a saleable idea for Sikhs overseas, many of whom also use it for political gain, writes Vishal Rambani

Even though most people in Punjab have rejected the idea of a sovereign Khalistan – it has never been an election issue – there are radical pockets in Canada, Europe and the US that continue to battle for “the cause”. In all three countries the pro-Khalistan movement remains alive through rallies and conventions, and the Internet has copious material on the controversial subject.

Indeed there has been no year since the movement was crushed when hardliners have not raised funds to revive it. Millions of dollars have poured in down the years, and this year, which marks the 25th anniversary of Operation Blue Star, this camp is all the more active.

One can expect more dollars falling into the Khalistani kitty as also pro-Khalistan marches, conventions and conferences. A grand Khalistani convention was recently held in the UK to celebrate the silver jubilee of the separatist notion that was born in Punjab in 1986. For years it exerted a fanatical pull on even a large number of previously moderate Sikh youth, who till then had been happy to coexist within a constitutional framework.

The UK convention was organised in style. The Sikh diaspora was connected via smart telephone link-ups; there was robust reaffirmation of the idea; and members demanded speedy resolution of the “Indo-Sikh conflict”. Going by the members’ rhetoric, there was very much a Khalistan in exile – its jurisdiction being the “true” Sikh heart.

What was especially disquieting about the convention was that it found a rapt audience in even Naga, Kashmiri and Assamese leaders. They were all for a separate state for themselves and the pro-Khalistan proponents. Similar conferences have been reported from Calgary, London and parts of Canada and the US.

Of course there are mercenaries in it as well; while others use the Khalistan bait to get votes. For as Sikhs form large communities in both the UK and Canada, few politicians wish to antagonise them over an issue that does not directly impact on the natives. “This has turned the idea into an excellent tool to make money and attain political power,” says a Punjab Intelligence official, adding that the government was keeping tabs on the movements of pro-Khalistan leaders in foreign countries. But he didn’t seem in the least alarmed, seeing almost no possibility of a resurgence of the movement that had been widely rejected in the state of its origin.


Those who have kept a track of it overseas say each year during the Baisakhi festival pro-Khalistan slogans resound in Pakistan. They report seeing pro-Khalistan literature being exchanged between the radicals and visiting jathas of Sikh pilgrims. Pro-Khalistan hardliners like Wadhwa Singh Babbar and Paramjit Singh Panjwar – both in the list of 20 most wanted criminals of India – are currently based in Pakistan.

In the past two years many pro-Khalistan militants who were trying to cross the border to reignite insurgency in Punjab were arrested. Arrests were made even by the Punjab Police, which found some of the men dealing in drug money for luring youngsters into the pro-Khalistan fold.

In India, fortunately, the pro-Khalistan movement is as good as dead, with the ballot convincingly triumphing over the bullet. Contestants like Atinderpal Singh, Wassan Singh Jaffarwal and Simranjit Singh Mann, who took the hard line, were routed. Yet that hasn’t prevented some Khalistan dreamers from retaining their constituency, however slight; one, moreover, that still has the power to sway gullible and impressionable youngsters. “Who says our freedom struggle is over? The idea is very much alive. Only, now we are trying to achieve a Sikh homeland through peaceful means because the people have rejected the armed movement,” insists Dal Khalsa general secretary Kanwarpal Singh Bittu. He and 53 others were accused of sedition after they unfurled the Khalistan flag 2005.

Pro-Khalistan material (printed and on the Internet) has proliferated hugely over the past few years. Booklets containing separatist literature are displayed even in kiosks – all with the same message: the dream of Khalistan will not die. Only the means to turn it into a reality have changed.

But the pain associated with Operation Blue Star simply refuses to go away. Organisations like Dal Khalsa and Damdami Taksal are deeply upset with the SGPC for failing to erect a memorial for those who perished inside the shrine complex during the intensive operation.

"While the SGPC has passed a resolution to that effect, it has not cared to implement it. This is because it has bowed to pressure from the Bharatiya Janata Party, an alliance partner of the Akali Dal in Punjab. Having a memorial outside the complex, which is controlled by the SGPC, cannot do justice to the martyrs," says Kanwarpal.

There are now also plans to prepare a comprehensive directory containing the names of all those who were killed inside the shrine. They included many innocent civilians who were stranded inside it when the army moved in. Every year, the first week of June is observed as ghallughara (genocide) week. Although terrorism in Punjab was crushed years ago, radical organisations have never failed to observe the anniversary of the operation that the Golden Temple's misuse by the militants provoked.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Tuesday, January 27, 2009

Myths and problems...

.In 2006, when Second Life was on its upward media popularity curve, many companies jumped onto the bandwagon of establishing their ‘presence’ on Second Life. This amounted to little more than just a nice-looking static 3D space, very much resembling an extension of themes and concepts used in the companies’ existing 2D websites. The expectation was ‘if we build it… people will come’, completely ignoring the basic fact that a user needs a compelling reason to visit a virtual location just as he does to visit a company’s website. This saw many major companies like American Apparel, Wells Fargo, Armani, Dell, et al launch huge campaigns and see them fail.

It led many prominent advertising agencies to believe that virtual worlds like Second Life were not meant for marketing purposes and led to a backlash in the media. The failure, however, was not of the medium as much as of the message. Virtual worlds offer the great chance to engage your target audience in an interactive and immersive brand experience. They allow you as a marketer to create a narrative and ask your customers to participate in it. Such an experience is not possible in any other online digital medium to this extent. Instead of leveraging the huge interaction and narration capabilities of the medium most of the failed campaigns tried instead to create ‘pretty places’ and sell their products blandly using the kind of video and banner based marketing popular on the 2D web and this expectedly backfired.

Brands like Coca-Cola, L’Oreal, Orange, Pontiac and Starwood Hotels succeeded wildly in their Second Life campaigns because they chose to take an event based and community based approach to the medium. They provided an experience or utility which people demanded in virtual worlds while blending it with the brand message. Indeed Coca-Cola has launched a new campaign in Second Life for its Nestea brand by sponsoring a concert in Second Life.

To conclude, the future of Virtual marketing or V-marketing (as we might call it) is bright, but only as long as marketers realise how to use the medium and its strengths instead of blaming it on the real-life non-existence of the medium.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Thursday, January 22, 2009

“Many cosmetics contain animal by-products”

Estella Lau of The Body Shop talks about how the beauty industry has seen a shift, with consumers wanting more natural products. By Savreen Gadhoke

Do you think that perception of the consumer toward natural products has changed since The Body Shop was launched three decades ago?
The Body Shop has a belief that nature’s way is the way to be beautiful. Natural ingredients used in our products are sourced from all corners of the earth to bring our customers the very best to enhance their natural beauty. The beauty industry has seen a shift, with consumers wanting more naturals in their skin care and make-up products. As knowledge & information becomes more accessible, consumers are more aware of the benefits of natural ingredients. They have also become more conscious of their health and have become more selective of the type of cosmetics and skin care products.

With so many beauty products floating around in the marketplace, how does The Body Shop maintain its base of customers?
The Body Shop recognises that the stresses of everyday modern living have taken a toll on customers’ lifestyles. This has led to the development of our new ‘Wellbeing’ range, which was recently launched. Each range contains active natural ingredients based on traditional herbal remedies providing top-rate performance formulations. Every product in the range contains of at least one Community Trade ingredient, so wellbeing needs are taken care of while a community benefits in the process.

After The Body Shop was sold to L’Oréal, was there any shift in the perception of the consumer toward it continuing to use natural ingredients? What efforts did The Body Shop take to sustain its brand image with the consumers?
L’Oréal has been committed to The Body Shop sitting as a separate entity within L’Oréal and has made it clear that we are to keep our existing identity and values. Because of this, our customers have been as supportive as ever of our business.

When you market your products, what attributes besides being natural, do you focus on?
When customers buy from The Body Shop, not only do they walk away with a quality product, customers also know that they are buying from a company that is working to have a positive impact in the world.

What about rumours that your products are not 100% natural?
The Body Shop is a global retailer of naturally inspired, ethically produced beauty & cosmetics products. Wherever possible, we source our natural ingredients such as plants, herbs, fruits, nuts and so forth from sustainable sources. We use naturally-based ingredients as constituents in our products, selected for their natural skin caring and moisturising properties and used in appropriate levels. As consumer safety is paramount, our formulations contain various levels of synthetics, preservatives & emulsifiers, which are needed to protect the products and consumers against bacteria, yeasts and moulds.

The Body Shop is also extremely committed to animal protection and we believe that no animal needs to be harmed to produce cosmetics. In 2007, we announced that all of The Body Shop products were ‘suitable for vegetarians,’ which means that our products are free of any ingredients resulting from animal slaughter, such as gelatin or animal hair. It may sound strange but many cosmetics do contain these animal by-products. Customers with strong vegetarian principles seek products that they can use without compromising their ethics, and we are keen to meet their needs.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
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IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Tuesday, January 20, 2009

Am I an islamophobe?

Some of my favourite people in the world are Muslim. In my early teens, as an aspiring cricketer, my greatesThe Sunday Indiant source of inspiration was the fiery power of Imran Khan. In those days, I did not begrudge Pakistan its victories over India, as long as my hero had done well. There were times I wished I were Muslim, in the hope that a shared faith might result in shared ability. Since then, I’ve sought and found both warmth and love amongst Muslims, some of whom I count amongst my dearest friends. And yet...

It was a rare day this autumn in New York. Bright sunshine and Bach accompanied me to Journal Square, where I boarded a train for what is still called ‘The World Trade Center’. I was distressed. The Jolie-Pitts were shooting for ‘A Mighty Heart’ in Pune, and I was too far away to honour whatever press invitations might’ve come my way (and you better believe there were some). More disturbingly, I had stayed up all of the previous night watching a documentary about the abduction and murder of Daniel Pearl, and some of the footage was so distressing that I couldn’t sleep. I’ve always taken pride in being a liberal pacifist, and yet, the collage of bearded faces creased with hate, the rising crescendo of “Allahu Akbar,” praise of the Lord demonised into a war chant, churned deep dark thoughts. In that bigoted moment, it was so easy to believe that every Muslim was a fire-breathing kafir slayer and so difficult to imagine any of them as loving fathers, doting husbands, dutiful sons or remotely human beings. I tossed and turned in my sleep, struggling with the images and my convictions to the contrary.

The train started moving, and away from the darkness, in the buzz and bustle of the world’s busiest city, the thoughts seemed to fade away. But soon there was to be a test – a test I was to fail. At the next station, a young Arab entered the car. He had a heavy satchel across his shoulder and a book with Arabic inscriptions in his hand. Pairs of hitherto drowsy eyes watched, some with curiosity, others with disdain, even loathing, and I with interest that changed imperceptibly into apprehension, fear and worse. Thoughts of the previous night came screaming back. Memories of 9/11, 7/7 and the the man’s religious fervour, all seemed to suggest to my fevered brain that the man might’ve anointed us all for mass martyrdom. I got up, admonishing little voices in my head that tried to remind me that I was committing the very sins I’d condemned, and got off the train at the very next stop.


“Better be guilty and safe than sorry and dead,” I told the voices but they grew louder still, driving me to shame and admiration. Shame, because I could not bear the thought of having betrayed my own beliefs and in many ways, the faith of my friends. And admiration for the millions of peaceful Muslims in the world, who repeatedly forgive the rest of the world for chaining them to the crimes of a deviant few, without compromising on their values as Muslims, and more significantly, as human beings. I owe that unknown Arab, and every such Muslim, an apology, as I do to Pakistani New Yorkers like Tariq, who’ve welcomed me into their hearts, blind to the momentary prejudice that had wrought havoc with my beliefs. Students and friends, apologies, for having forsaken, albeit for a moment, all that I’d preached. Steadfast faith in the divine essence of every faith can truly make angels, if not gods, of human beings, for it cultivates forgiveness. Like in the grieving Amish, who forgave the very man who killed their daughters, by including the killer and his family in their prayers. To hate is not human, but to forgive surely divine; and may whatever powers that be give us the courage to forgive and douse the fire of hate in an ocean of unconditional forgiveness. Christ said it, Gandhi repeated it; and for the sake of ourselves, let’s live it.

Epilogue: I was brought up to believe that terrorists aim to terrorise, but over the last few months I’ve grown to realise that the current brand of terrorism in our country only aims to polarise. I wrote the above column two years ago, believing that the world could only get better… But it has been a protracted illness. Our hate and fear has only grown. As for my own, I confess, they return every time I see a person I’m glad I didn’t know being carried like a sack on the streets, his/her innards disembowelled by a faceless bomb, in the name of an orphaned and disowned (by the very people the bomb claims to represent) faith.

But amidst the din of bombs and bullets, political rhetoric from both sides of the border, saffron bigotry and Antulayan antics,even if for some moments, an act of violence forces me to react like a Hindu because it pigeonholes and reduces me to being only that – a Hindu, I always try and remind my self that my religion is only about my relationship with God, not my relationship with man, be he Hindu, Muslim or Jewish. And I remind myself that my destiny, just like yours, is intertwined, across communities and borders, for cleaved halves we may be, but we are one whole, waiting to unite through all that divides us. And this isn’t misty eyed sentimentality speaking… just look back on the last few centuries and you’ll know…

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
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IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
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Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
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IIPM ranked ahead of IIMs

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Monday, January 19, 2009

Purist movement & some food for thought

The Tablighi Jama'at has a global reach. But its simplistic approach finds quite as many followers as critics. Educated Indian Muslims, in particular, say it seems dated that Muslims should be urged to go around preaching, even when this is at the cost of their jobs and education. Mohammad Saleem Hayat on how he resisted the Jama'at's counsel that he give up his university life to stay 'pure'

It was near the ramparts of a South Delhi mosque that I first learnt about how Tablighi Jama'at had achieved its global reach. Soon after namaz was over one day, I found an elderly Arab expounding on the virtues of self-abnegation and complete devotion to Allah.

From the body language of the small assembly it looked like the sermon had received a favourable reception. Only, I was not convinced. And, perhaps noticing my uneasiness, the Arab approached me and launched forth in colloquial Arabic that I could barely comprehend. And it was no loss either – for his ideas interested me not one bit.

He asked me what I did. When I told him I was in the process of completing my studies, he urged, "Da anka kulla zalik wakhruj fi sabilillah". (Just give it up and devote yourself to the path of Allah). He then proceeded to warn me about the evils of the university system in which none, according to him, could stay virtuous. Did I not know that a good apple inside a basket full of rotten fruits too would soon get affected?

So, what precisely did he want me to do? Become virtuous, of course! And that, he said, was possible only through tazki-e-nafs (soul purification); by going out with fellow Muslims and educating them in the virtues of Islam. "Exhort them to perform the namaz daily," he said. "This is the only way Muslims can become spiritually strong."

This last bit impressed me even less. For which true Muslim needs to be told this? Had this Arab travelled here all the way from Saudi Arabia simply to re-state the obvious? And did Indian Muslims need to be taught Islam by an Arab?

But the Tablighi Jama'at – with centres in nearly 80 countries across the world – believes that Muslims do need to be re-taught these basics. It's all there in the slogan of its founder, Maulana Mohammad Ilyas Kandhalwi: Ai musalmano musalman ho jao (Oh you Muslims, become true Muslims). His central message is so deceptively simple that it can be easily missed by anyone who performs the namaz five times daily. Yes – for this message is basically for those who do not do so. And it is they whom the Tablighi Jama'at principally addresses: to Muslims who fall short of being true Musalmans.

Barbara Metcalf, a University of California scholar of South Asian Islam, has called Tablighi Jama'at an "apolitical, quietist movement of internal grassroots missionary renewal". And one former CIA official and author of "Future Of Islam", Graham E Fuller, too has characterised the Tablighi Jama'at as a peaceful, apolitical movement.

Thus, what Tablighi Jama'at aims at is to revitalise those Muslims whom it believes to be in danger of losing their Muslim identity. However, as prominent Islamic scholar Maulana Waheeduddin Khan told TSI: "It is a fact that the Tablighis seek to familiarise common Muslims with the simple teachings of Islam. This is good work. It is just that the methods the followers of the Tablighi movement adopt are not geared to generating modern awareness among Muslims."

Ilyas founded the Tablighi Jama'at in the late 1920s in the erstwhile princely state of Mewat, India. Ilyas was a prominent member of the Deobandi movement, and throughout the Jama'at's history the two movements have collaborated at certain elementary levels.

At the Tabligh's international headquarters – the Markaz in Nizamuddin, New Delhi – preachers are organised in groups called Jama'at, each consisting of 10 to 12 Muslims who fund themselves.

Tabligh in Arabic means to convey (the message of God). So, when an individual goes out in a Jama'at, he strives to imbibe six qualities: Firm belief in the Kalimah (There is no God but Allah, and the Prophet Mohammad is His Messenger); concentration and devotion in salaat (namaz); Ilm and Dhikr (the thirst for knowledge and remembrance of Allah); Ikrame Muslim (the treatment of fellow humans with honour and deference); Ikhlas-i-Niyyat (doing everything for the sake of Allah; and Dawat-o-Tabligh (spreading the Prophet's message).

Tablighi Jama'at sets guidelines for local mosques, where Muslims come for their daily prayers, and the preachers make two weekly visits to Muslims (one in areas surrounding the local mosque and the other to one nearby). There are also two daily taleems (discourse) that send out the faithful along the path of Allah three days a month, 40 days a year, and four months in a lifetime; and a daily mashura (council) discusses ways of stepping up Tablighi activity in various Muslim localities.

The Tablighis hardly ever concern themselves with political affairs; they hold that there is no scope for politics in Islam. This overemphasis on devotion to Allah brings them nearer to Sufism – but for all that the Tablighis are generally found to lack a complete understanding of Islam. And they do not lay quite enough emphasis on the Quran and the Hadith.

What's more, many of their practices are so ritualistic that, to some, they amount to deviating from the path of the Prophet and his companions. Their biggest drawback, though, is that the Tablighis are hardly bothered about educating their flock.

What nonetheless makes them distinct from other Muslim groups is their simplicity of manner and endless humility; and they approach all Muslims, poor and affluent alike, with identical zeal. They make no distinction when inviting people to dine with them: the poor are just as welcome as the moneyed. And, most importantly, they donate liberally in cash and kind – which could be the reason why such a large number of Muslims are attracted toward them.

The Tablighis are least bothered about international political rights or wrongs, believing that all oppressors will, in the fullness of time, be brought to book by Allah and exposed before all humanity. It is perhaps this deep faith in God that preserves them in the face of the most hideous adversities. But most Muslim scholars denounce this overemphasis on preaching. "It is simply not fair to urge Muslims to go around preaching, even if this is at the cost of their official duties and educational pursuits. Islam does not favour this," says Maulana Wahiduddin Khan.

And how right he is! For consider: had I heeded that elderly Arab's counsel, would I have been able to file this story on the Tablighi Jama'at today?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Saturday, January 17, 2009

Bhatkal: Islam’s dual face?

This quaint port-town is home to an ancient peace-loving Muslim community, but now jehadis are using it too, worries Satish Chapparike

If a historian, a linguist, a theologian and an architect want to go together on a vacation this tourist season, where do they go? Well, unless they want to completely stay away from work, and if they are willing to mix work and pleasure, there’s no place like the picturesque port-town of Bhatkal, on the National Highway 17, between Mangalore and Karwar. Home to an amazing community of Muslims, the Navayaths, it offers a startling mix of religions and cultures that is perhaps seen only there.

Bhatkal is a strange amalgamation of Hindu, Jain and Muslim cultures, languages and religions. Within a two square kilometer area in old Bhatkal town, there are more than 50 mosques, temples and basadis. Around 1,500 years ago, this natural port was a small village dominated by Jains and Hindus. During the reign of Vijaynagar dynasty’s ‘Pepper Queen’ Ambakka, an ascription given by the Portuguese whom she had defeated, Bhatkal became the main trade centre, and Persian-Arab traders started descending in hordes, bringing their horses and taking away the most valuable spices from these foothills of the Western Ghats.

Over time, Some Persian-Arab traders decided to settle here and that sect got the name ‘Navayaths’, or newcomers. Their roots were firmly anchored in the Arab world. But now Bhatkal and Navayath are synonymous and this community of around one lakh is distinct from other Muslim communities of the country. There were many theories about their actual place of origin and the process of settlement.

In the “History of Mysore, Vol I”, Colonel Wilkes says, “This sect belongs to the house of Hashem. During the early part of the 8th century AD, Iraq was under Caliph Abd-al-Malik Marwan and Hajaj bin Yusuf was the Governor. During the period of his notorious rule of Yusuf many people fled from the Iraq and followed the Arab traders and settled in the different part of the west coast of India.”

But the unique character of the Navayaths and their concentration only in and around Bhatkal refutes this theory. In his 1955 book “Navayaths of Kanara”, Victor D’Souza rejects the ‘single ancestor’ idea. One theory says Navayaths originated in Iran and another says they are from Yemen. "The Arab sailors and traders who came to India have generated Muslim communities in different parts of India. Among them, at least three different communities are known by the generic name of ‘Navayath’. It has been found that Navayaths are scattered in Pakistan, Srilanka, Hyderabad, Tamilnadu, Nellore, Arcot, Kolar, Hassan, Goa and Ratnagiri. These Navayaths, unlike the Navayaths of Bhatkal, have totally adopted the local culture,” says D’Souza.

Some believe that during the early days, some Arab traders who settled in Bhatkal also married local Jain women and the present generation is their descendent. There are many historical evidence of Jain influence in Bhatkal. The ruins of Jettappa Nayakana Chandranathesvara Basadi in the centre of old Bhatkal town tell numerous stories about Jain dominance. But Jain women spoke Kananada, and had this theory been correct, then their offspring would have spoken Kannad instead of Navayathi.

One spectacular aspect of the Navayath culture is their series of traditional houses on the side of old Bhatkal’s siens (streets). The cluster makes the ‘Navayath Keri’, and each house is an antique splendour. With around 20 feet frontage and 100 to 120 feet depth, the wooden houses are a treat to the eyes. Male guests are allowed only to the first room, called ‘vasro’. Beyond that the entire house belongs to family members. The origin of Navayathi language is also an interesting evolution. “Some say nine languages like Persian, Arabian, Urdu, Konkani, Kannada, Malayalam and others make up the language,” says Moulana Abdul Alim Qasimi, the Editor of Naqshe-E-Navayath, oldest Navayathi fortnightly news paper.

“From the last two decades, the entire sect has started giving importance to education. Before that, trade and services were our bread and butter,” says Parvez Kashimiji. No doubt about that. Anjuman Hami-e-Muslimeen, the educational society that actually changed the face of Bhatkal and the Navayaths is a landmark in coastal Karnataka. “A few years ago, all the Navayath parents wanted their sons to go to the Gulf and send money back every month. Whereas now, most of them want their children to have good education and then go for job hunting,” says Kashimiji. “But recent developments are a little bit worrying,” he admits.

There is reason behind that worry. Once a famous and historic Arab trade centre, then the house of Navayat’s, Bhatkal is nowadays known as an epicenter of Jihadi movement in India.

Though Bhatkal is one of the communally sensitive areas in Karnataka and has been so for the last few decades, what is happening here now is unprecedented. The shocking Judicial Commission Report on the 1993 riots (by Justise K Jaganaath Shetty) reveals the other face of this lovely town. Investigations into the recent blasts and the latest attack of terror in Mumbai show that Jehadis are using this area frequently.

But the people are hopeful, yet. “May be there will be a few anti-national elements within us. Those are exceptions. Our community is living here for more than 1,500 years and we are Indians. We respect our nation and we are ready to protect it. People say we were born in the wombs of Jain mothers. We believe in peace like the Jains, and Bhatkal Navayaths are committed to this nation and this motherland,” says Moulana Abdul Alim Qasimi. Much reassuring words during the highly disturbed period!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
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'This is one of Big B's best performances'
IIPM to come up at Rajarhat
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Thursday, October 23, 2008

Most managers want to empower their workers, but reality can get in the way

People who are empowered to take risks & fail more than once aren’t organisational pariahs, but they’re often damaged goods In the television industry, a creative team can produce several pilots between hits, and there’s hardly a peep. But in most other industries, such tolerance is rare indeed. Sure, you hear about companies where teams who have failed at some innovative effort or another get thrown a big party, the message from management being, “We don’t punish our risk-takers – we celebrate them!” But with every additional disappointment in an organisation, the empowerment glow starts to fade, and very few companies continue to empower unsuccessful risk-takers – except, that is, to empower them to look for work elsewhere as soon as possible.

Empowerment is less likely to happen in big companies than small, which is exactly backward from the way it should be MBAs constantly say they plan to opt out of the corporate world because big companies will stifle their ideas, while small ones will “empower” them to make high-impact decisions right away. They’ve got a point. Big companies tend to be risk-averse, while small ones and in particular start-ups – short on resources, formality and time – tend to unleash every brain.

How ironic! Because it would take a mighty large missed bet to bring a multi-billion enterprise to its knees, while one relatively small miscalculated risk can destroy a million-dollar operation. Indeed, that’s why we often say that the worst thing a big company can do is manage its size. It should use it, and the best way we know for a big company to use its size is empower more people to take more swings.

Our sense is that Google is still enjoying the fruits of its innovation, and kudos to the company’s leadership for that. In fact, kudos to every company that truly encourages its people to make tough decisions and take risks – and especially to those companies who are straight with their employees about how empowerment really works.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
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The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
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Tuesday, October 21, 2008

False Prophets

Building bridges between Muslims, Christians, and Jews seems like a worthy goal. But, by glossing over serious differences, the organisations at the forefront of interfaith dialogue confuse discussion with success – and end up leaving everyone at risk. By Geneive Abdo, liaison, un’s alliance of civilisations
Like many international institutions, the United Nations says it seeks to address Muslim extremism. Who else but the collection of states with the broadest mandate, most members, and loftiest goals could tackle this perversion of civilised society and threat to world order? So, when I was hired in January 2006 for a project to devise a United Nations response to the so-called clash of civilisations, it seemed to be a pretty worthy way to consider this challenge on a global scale. At the urging of the prime ministers of Spain and Turkey, the then Secretary-General of United Nations, Kofi Annan established the Alliance of Civilisations with the primary goal of identifying the roots of the divide between Western and Islamic societies and, ultimately, to find ways to curb religious violence.

Part of my job was to travel around the world, collecting the views of leaders of Islamist parties and movements. Their ideas would then be included in a document th--e alliance would publish at the end of that year. The United Nations hoped the document would receive international press coverage and generate funding for the solutions, or at least some “practical steps,” it would propose to bridge the divide between Western and Islamic societies. There seemed to be no better way, I thought, to clarify the Islamist vision – one ignored and rejected by Western governments – for a wide international audience. Based on my own research on Islamic revivalism during a decade in the Middle East, I knew these dozen or so leading activists could shed light on the major causes of extremism, namely, anger and resentment at US foreign policy; beliefs that the September 11 attacks sparked an ideological war between Islam and the West; and the underlying conviction that Islam would cure the ills that a decadent West had imposed on the world.


Almost as soon as the project began, though, a fear of political backlash proved to outweigh any potential for mutual understanding. At a meeting in Qatar with a 20-member committee composed of former ministers, diplomats, and scholars, the question of whether the views of Islamists would be part of the alliance’s work was raised in public discussions. One of Kofi Annan’s special advisors decided that meetings with Islamists would amount to scandal for the United Nations. For me, the reversal was one of a few defining moments in my understanding of the risks the institution was willing to take. More profoundly, it exposed the philosophical divide within the alliance: Was the best way to deal with extremism through a head-on political approach or an indirect cultural one? Is it better to engage directly with Islamists and learn first hand their grievances and convictions, or to create Hollywood films for the Muslim masses in the hopes of changing perceptions of the West and vice versa? In the end, the cultural strategists won out, much to my dismay.

Today, as the Alliance of Civilisations continues its work, it can be added to the rapidly growing list of groups, including non-governmental organisations (NGOs), interfaith projects, the US State Department, polling agencies, self-appointed Muslim-American public intellectuals, religious leaders, and academics, all claiming to be addressing the “problem.” However, as someone who has actively participated in this debate, I believe that the opposite is true. Rather than dealing with extremism, these institutions are deliberately dodging the discomforting work of addressing a global conflict that in hindsight makes the Cold War look like a small ethnic squabble. Although the approaches differ from one organisation to the next, the general strategies bear a great resemblance: emphasise the commonalities between Islamic and Western societies and among the three Abrahamic faiths; downplay or avoid completely the very real differences as if they just do not exist; and make Westerners feel comfortable by convincing them that extremism is a temporary phenomenon that exists only on the fringes of Islamic societies.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
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'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
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IIPM Ranked No1 B-School in India
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Monday, October 20, 2008

Teach a lesson...

...to the masses, you ‘literates’
The oil-rich Middle East and its leading countries seem to be gradually waking up to the realisation that they might finally lose their so-called long term competitive edge in the short term itself. This loss is primarily because of the Middle-East’s thorough incapability in encouraging youths to take up higher education and in boosting their entrepreneurial spirits in the new age era.

Take Saudi Arabia. Critically, though Saudi Arabia has more than 14,000 educational institutions, including seven universities, according to Saudi Arabia’s human development report, 17% adults are still illiterate. But the UN shows how 33% of males and a whopping 56% of females are illiterates in Saudi Arabia. But of horror is the official data that higher education enrolment ratio is a meagre 27.7% of the ‘enrollable’ population.

That means that the nation could well be spawning 70 odd percent of illiterate generations in the coming years. Though King Abdullah decided to invest $2.4 billion (SR 9 billion) for educational development projects to boost science and technology, the industry has quoted that the projects do not meet their requirements. Oil can surely teach nations a lesson in more ways than one.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

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Saturday, October 18, 2008

Bad drivers? Worse buyers!

B&E’s Savreen Gadhoke argues why manufacturing cars for the fairer sex does not make for a good business plan in India... [and the lady is serious!]

If women are bad drivers, men are worse! But statistically, that sweet correlation – however much I personally might want to the contrary – does not apply to car purchases. And probably, this is the reason why many women, especially in India, are not seen driving cars [Of course metros are an exception; though even in these areas, purchase patterns of women are no relative matches to those of men]. As a matter of fact, there aren’t many cars that are manufactured exclusively for women in India. And if you’re a car manufacturer, about to tempestuously experiment with a plan for the fairer sex, perish the thought Jim, women in India more often than not take the back seat!

Although Henry Ford was (in)famously focused on keeping women in the passenger seat, Ford had in reality started marketing cars for women way back in 1912. But that was the US. Graeme Dawson, Australia’s top market historian, shows how way back in 1968, women for the first time outnumbered men amongst new applicants for Victorian drivers’ licenses. But that was Australia. A 2006 Chinese survey showed how “Chinese women car buyers have grown to a record 32% of the total buyers,” with the top ten models being bought by them being “Chery QQ, Honda Fit, Nissan Tiida, Chevrolet Spark, VW Polo, Suzuki Swift, Chevrolet Sail, Peugeot 206, Audi A4, FAW Vizi (the redesigned model of Toyota Yaris).” But then, that’s China! Despite driving by woman being banned in Saudi Arabia, government owned Saudi Aramco’s last year’s research shows how “car ownership among Saudi women climbed to 60 percent between 2003 and 2006!” You got it! That’s Saudi Arabia!

In India, still, experts comment and research agencies like HighBeam concur that at the lower level, women make up 10% of the total sales of even top mass market brands. Though India comprises a 200 million strong middle class, for whom a car is even now more of a luxury, which is bought after great discussions and compromises and generally driven by the man of the house, introducing a car exclusively for a woman belonging to this segment of society is just not a viable proposition.

Vivek Srivastava, Joint MD, Innocean Worldwide states, “Specific models being offered to the female buyers as a practice or an approach to market segmentation is not a wide-spread practice.” However, by mapping the needs of the middle class, manufacturers have launched 2-wheelers like Hero Honda Pleasure, TVS Scooty Pep, Kinetic Flyte, et al, which have been received well by females from this strata of the society and have performed well in tier-2 & tier-3 cities, mainly because of poor conditions of the public transport & low cost of ownership. Harshul Verma, Automobile Analyst, Khandwala Securities asserts, “Females generally prefer compact cars over bulky vehicles.” Would that make Tata’s Nano more a woman’s car than the people’s car? Comparing with the western world, in USA & UK, bulky vehicles like Volvo S40, Mazda 3 & Volkswagen Jetta are the first preferences of female drivers.

Indian automobile manufacturers are just not ready to take the risk of launching cars targeted exclusively at women. The foremost reason for this is that they do not wish to restrict their target audience. And as the well publicised Experian August 2008 research shows, men are better and more regular ‘re-buyers’ and repeat customers than women. Well, though my lady-like composure permits not, I have to accept, women are worse when it comes to the market place!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Friday, October 17, 2008

Search for alternative fuels

Strangely, in their search for alternative fuels, auto manufacturers are not giving due importance to the most important of quasi-alternative fuels, that is, compressed natural gas (CNG), which, in fact, is a fossil fuel only! CNG is environmentally a cleaner alternative to traditional petroleum products, with fuel efficiency equaling that provided by diesel engines. But why should the CNG focus be increased dramatically? Because countries like India, where the auto markets are expected to have the hugest potential, have extremely large and cheap CNG resources. A report by the Global Environment Facility of UNDP on India’s Coal Bed Methane (CBM) extraction potential states, “It is estimated that in India, the largest coal producer in the world, there are around 20,000 square kilometers of area where CBM capture could be carried out; the country’s recoverable methane reserves are 800 billion cubic metres, with a gas production potential of 105 million cubic metres a day over 20 years.” Compare this with Saudi Arabia’s daily production of oil, which stands at only (relatively) 9.5 million barrels a day. Makes sense? Not perhaps to the global auto industry.

The no-brainer auto issue #4

That’s the one to do with oil. The fact is, despite all doomsday predictions of major global auto firms betting on alternative fuel, oil reserves don’t seem to be ever running out in the near future, and that means for the next hundred years at least. Look at OPEC’s latest reports, which estimate that between the years 1995-2003, because of newer extraction techniques, new discoveries had actually improved recoveries by almost 138 billion barrels. By 2020, oil production will cross a smashing 1,600 billion barrels annually with reserves close to 3,400 billion barrels! Compare this with the figure of, say, 24 billion barrels annually that the world was producing in 2003. Do the figures rip away sensibilities of any prophesy that the world will run out of oil? Straightforward no-brainer logic clearly shows why auto companies should simply focus on creating cars that simply give more miles per gallon as oil would never run out or be in limited supply even in the distant future! But stupid is what stupid gets. And auto companies need hype and glory before death and immortality!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Wednesday, October 15, 2008

With the variety on offer, customers have little to worry about issues like inflation

How can one let go off the “must-have” of the FMCG industry – advertising? As compared to 2007, the FMCG sector increased its advertising and marketing spends significantly. For instance, HUL increased its spending by almost 30%, and Britannia Industries Ltd. went up by 26.82%. N. V. Sivakumar, ED, Consumer & Industrial Products & Services, PricewaterhouseCoopers (PwC) India says, “FMCG majors have been embarking upon increased print and TV campaigns in an effort to differentiate products, create brand awareness and increase brand recall.” Companies like Godrej are in fact doing it to the point of compromising on bottom lines in the near term. The most interesting case recently is that of GCPL, which increased its advertising spends by 44.65% on a y-o-y basis (it roped in Hrithik Roshan as brand ambassador for Cinthol), even as it recorded a y-o-y fall of 4.21% in net PAT for quarter-ended June 2008.

So they tackled the inflation devil well. Hats off to that! But that is only the most current one to face them. Actually, there are quite a few larger, more daunting challenges facing the FMCG industry today. One of the main issues faced by them currently is manpower – finding and retaining the right talent. A spate of restructuring initiatives in this sector are worrying analysts. A recent case in point was the massive restructuring exercise at HUL in February 2008, where the company combined its food and personal care divisions. Speculation is the that workforce could be rationalised, which the company has denied. Vivek Patil, FMCG Analyst, Khandwala Securities affirms that the FMCG sector faces a serious talent crunch problem and avers, “Sectors, which have better margins like IT and infrastructure have less restructuring as compared to the FMCG sector.” He goes on to add that in a regular economy, the growth in various sectors is equal, but that is not the case in India. Due to this, FMCG companies are also finding it difficult to attract top managerial talent. They are no longer the recruiters of choice when it comes to the top B-schools of the country.

Players are also facing the critical decision of whether to take the plunge into integrative growth – both backward as well as forward. At this stage, backward integration for FMCG players is vital because manufacturers of oil and food ingredients, besides competing with other manufacturers, have also been dealing with commoditised products & have hitherto lived on thin margins. States C. Ravishankar, Manager, Strategic & Commercial Intelligence, Transaction Services, KPMG, “Existing intermediaries add significant cost and are not able to maintain high quality standards.” Therefore, there arises an incentive for FMCG companies to integrate backwards. That’s difficult, however, due to the extremely fragmented and disorganised nature of the food supply chain in India.

As for forward integration, margins are traditionally dictated by marketers, again due to high degrees of fragmentation and low bargaining power of the retailers. But this trend seems to be changing now. In June 2008, it was clearly visible when Kishore Biyani-owned Big Bazaar, refused to stock Cadbury’s chocolates simply because Cadbury’s was giving a better deal to other international retailers. They did the same with PepsiCo’s Lays chips as it was not satisfied with the terms of the contract. However, retail is a different ball game, and competencies needed aren’t easy for an FMCG firm to build. Ravishankar adds, “Past evidence would have us believe that forward integration by FMCG majors is unlikely, or at least unlikely to succeed on a meaningful scale.”

The rise of organised retail is a double edged sword, actually. Adi Godrej, CMD, GCPL told B&E, “Organised retail is a very big thing in India and in the coming years we are going to focus on it. I think FMCG is driving the growth of organised retail...” Given the speed with which retail is growing in India, FMCG players are benefiting as they get a platform to push their products and reach out to consumers in semi-urban and rural areas as well.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Tuesday, October 14, 2008

Grilling times ahead

Olmert's exit complicates Israel's political scenario
There are two pictures of outgoing Israeli PM, Ehud Olmert, which are imprinted on the minds of every politically active Israeli. The first was a poster displaying the faces of two Israeli soldiers, captured by Hezbollah fighters during the Israel’s disastrous campaign of Lebanon in 2006; with Olmert proclaiming, “Thy children shall come again to their own border” in somewhat prophetic gesture. The second is a front page photo on Jerusalem Post with a visibly ashen Olmert puffing a cigar after the first round of interrogations related to graft charges. In a way, these pictures sum up his turbulent career too. Therefore, in the last few months, the incidence of an abortive end to his career was not a question of ‘if’ but ‘when’. Noted political expert from Israel, Gideon Doron told B&E, “For him, it was getting difficult to dispense his duties. Even if the graft charges are baseless, he’ll have to fight it out till eternity. You simply can't rule after you lose your base of legitimacy.”

A shameful defeat by Hezbollah coupled with a tactical loss in Gaza have not only hurt Olmert's image but that of his Centrist Kadima Party too, which was started by Ariel Sharon as a rag-tag group of leftists and rightists. The then defence minister and the chief of staff had to make an unceremonious exit. But Olmert managed to hang on a bit longer; in the process further denting the party's image. Who leads the party next is the key question now. Tzipi Livni, the dovish Foreign Minister, presently leads the race but she is closely followed by Shaul Mofaz—a hawkish Sephardic migrant Jew from Iran. However, all the polls pitting them against Benjamin Netanyahu, the Likud leader, show them trailing miserably. On the other hand, the Arabs are feeling the jitters from this scenario. As an Arab analyst puts it; with Shaul Mofaz there is a good chance for war, but with Tzipi, there isn't much chance of development in either direction; i.e. war or peace. Either way, there is nothing much for them to look forward to!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Pill-ion riders

Pharma lobby in Pakistan dunks
“Why don’t Pakistanis ever get a headache? Because Disprin, the top selling Indian drug, is banned in that country!” Uh, alright, that was a bad joke. But seriously, recently Pakistan banned a proposal for importing 400 medicine brands from India as Indian drugs are 10 times cheaper than those manufactured in Pakistan by the same MNCs. Local entrepreneurs assert that the suggested imports would threaten the employments of over one million people, spoil annual exports worth more than $120 million and compromise the availability of medicines during emergencies.

But almost all the above reasons [save the employment spin] seem more confabulated than Zorro’s mask. After G. K. Pillai, Indian Commerce Secretary (left, above) met S. A. Shah, Pakistan Commerce Secretary, last year, the true reasons became clear. The pharma industry in Pakistan (worth Indian Rs. 83 billion) involves the business interests of major political parties of the country; subsequently, the big pharma players have the ability to apply extensive pressure on the national political and economic scenario. So should India ban Pakistani medicines in return? Pakistani medicines?!? What’s a Pakistani medicine?!?!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, October 13, 2008

Why do stock markets rally on bad news?

The US stock market has held up well so far and will continue do so in 2008 As a result of the belief that the “worst is behind us”, and for other reasons I shall explain below, market participants have remained, while not exuberantly bullish, so at least complacent and optimistic about an economic and corporate profit recovery in the second half of the year and in 2009. According to a recent survey by Barron’s, institutional investors are heavily leaning toward the positive side. 50% of the respondents were either “very bullish” (7%) or “bullish” (43%) about the US stock market whereas only 12% of respondents were “bearish” (nobody was “very bearish”).

There were another two interesting aspects regarding the “Spring 2008 Big Money Poll Results.” Institutional investors tended to be positive about equities (87% of respondents indicated they would be buyers of equities in the next three to six months), very positive about the US dollar and “very bearish” about US Treasuries, and “bearish” about real estate, gold, and oil. Moreover, institutional investors’ favourite industries over the next six to 12 months were “Financial” and “Technology”.

To some extend I can understand why US institutions are positive about US equities and the dollar, and bearish about treasuries. Because of the US dollar’s steep decline since 2001 US equities are in Euro terms still 50% below the peak in 1999 (in Euro terms). So, in Euro terms, US equities are relatively inexpensive. In addition, because US equities sold off less than foreign markets since October 2007 they have begun to out-perform foreign markets.

Then, as Walter Bagehot (who edited the Economist for 17 years) already remarked in the 19th century, “John Bull can stand many things, but he cannot stand 2%.” So, I have some sympathy with the positive stance of institutional investors. However, I find it difficult to reconcile financial institutions very negative stance toward Treasuries (only 3.6% of respondents were bullish versus 62.2% who were bearish) and at the same time their positive stance toward the economy and equities. The reason I think there is an inconsistency here is that if interest rates increase (Treasuries decline in value) the highly leveraged consumer and with him the entire economy are unlikely to recover.

Aside from artificially low interest rates on US short dated Treasuries, excessive optimism regarding an economic and profit recovery in the second half of 2008 and in 2009, and dollar weakness, there are two more reasons why US equities have held up well in face of deteriorating economic news. “Extraordinary monetary measures” by the Fed, which drove real short-term interest rates into negative territory, have propelled commodity prices higher (especially energy and agricultural commodities) and boosted the shares of energy, industrial and material stocks, which make up 14%, 12% and 4% of the S&P weight respectively, far above their previous highs in 2007.

In addition, since households have to spend an increasing portion of their income on non-discretionary items (which include necessities such as food and energy), consumer staple companies, which make up 11% of the S&P 500, have also been strong.

Considering all the above mentioned factors, I hope our readers will understand why US stocks have held up so well – at least so far.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Saturday, October 11, 2008

South Africa...

...a tourist spot. Not much more for Bharti!
“Sour grapes!” Just a few days back, the mobile behemoth had bid for a 51% stake in South Africa’s largest telecom player, MTN at $21.7/share, implying a fair price of $20.7 billion (and a premium of 20% higher to MTN’s shareholders). A $50 billion dream-deal (in-principle a Bharti-controlled structure as decided on May 26, 2008) was in the making. Two weeks later, the dream has literally become “sour grapes”! Surely, Bharti has done more than just read BCG’s July 2007 report that proved “how M&As valued beyond $1 million destroy twice as much value”! So, what’s there in the secret cellar that urged Bharti to back out?

The primary reason – lack of synergies. As a spokesperson from the company justifies, the collapse of the deal was because “this convoluted way of getting an indirect control of the combine would have been just a compromise for minority shareholders of Bharti. Moreover the synergies were not real!” It was also about the price here, which didn’t afterall appear ‘fair’! In order to seal the deal, the company had to procure ‘internal’ funds and leverage its balance sheet to a mind-boggling $40-45 billion – huge for a grossly overleveraged company (which has a debt/equity ratio of a dangerous 43.2!). Finally, with Singtel refusing to pay-up $10 billion, Bharti had no means to make procurement of funds a safe bait.

Therefore, the deal falling flat means Bharti still has ‘young’ international intentions left. As Santana Krishnan, Analyst, Spark Capital opines, “With the deal failing, its balance sheet looks good. But Bharti may soon roll out their operations in other emerging markets.” On news of the same, Bharti’s share price on BSE rose by 3.1% to touch Rs.890.95 (after a fall of 10% since the deal was announced); surely a good omen!

But there’s more to the war left. Post Bharti’s exit, speculations are rife that the $42 billion-worth RCom Ltd. is readying itself to make a $20 billion bid for the African elephant. Whoever gets MTN, one thing’s for sure – South Africa has a telecom CAGR of 22.5% and a high penetration of 70%; a sure inferior investment compared to India (CAGR of 60% & 22% penetration)?! Wonder what’s the logic in risking billions in sour grapes; or do they make better wine?!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Friday, October 10, 2008

CONSERVATION EQUATIONS

Even as five animals are felled by poachers in a span of a few weeks, forest officials in Assam are positive that the Rhinoceros Unicornis population can be saved!
If there can be anything that can, even momentarily, diminish the anguish that can be caused by an image of a dying rhino, its horn hacked off, it is perhaps the reassuring words of a man called MC Malakar, the chief conservator of forests (wildlife), Assam. Hounded by the public and Press alike, he has decided to go on the offensive. “What makes you even think that the gene pool of rhinos in Assam may be unsafe?” he shoots back, even before one can finish a question on whether the rhino is safe, given the department’s efforts to take it to the 3,000 mark by the year 2020, as stated in the Indian Rhino Vision 2020 plan. The tirade continues: “At a meeting recently, the All Assam Students’ Union (AASU) demanded that I agree that we had failed in protecting the rhino. Why should I? Hasn’t the population of rhinos gone to over 2,000 at Kaziranga from a few dozens at the turn of the 19th century?”

According to an analogy that Malakar provides, “It is like trying to keep out all the mosquitoes using a mosquito net. No matter how hard you try, one or two will get in. It is simply not possible for us to put one guard behind every rhino there is in the state”. In terms of the threat to the Rhinoceros Unicornis, the “one or two”, incidentally, translates to a swarm of well-armed, well trained poachers who have brought down over 26 of these pachyderms over the past 17 months alone in Assam.

And that, as expected, has people worried. “There are no rhinos in the Manas and Laokhowa sanctuaries,” says Saumyadeep Dutta, who heads Nature’s Beacon, which first sounded the alarm regarding the killing of rhinos in Kaziranga in 2007. “Then, of course, there are some NGOs,” says Dutta “that have interests with the forest department and thus keep supporting them.”

Malakar, though, refutes such allegations. “We are reintroducing rhinos in Manas after making sure there is adequate public involvement so that there are no security issues,” says Malakar. “As you know, the entire rhino population there was wiped out during the Bodo agitation of the ‘80s and ‘90s.” As for the Indian Rhino Vision (IRV), things are so far going as planned, he says: four female rhinos from Kaziranga and two males from the Pobitora sanctuary near Guwahati (both of which are now overpopulated with rhinos) have been released at Manas over the past few months. “I don’t think there is a problem of inbreeding among rhinos; however, this should help save the gene pool at the two sanctuaries,” says Malakar. Once Manas gets back its population of rhinos (the target for the relocation exercise is 30 to 40 animals), the plan would be to target the Laokhowa sanctuary near Nagaon which too is considered an original rhino habitat which was emptied of its animals. And the officials are banking on the fact that they have a surplus in both Kaziranga and Pobitora: apart from the 2,000 at the world heritage site, Pobitora has more than 90 individuals in a space of 16 sq km. As for the principle, it’s simple: spread them out to their original habitats and make it more difficult for poachers to get to them. Despite the poaching, the officials insist, poachers haven’t been able to keep pace. One only hopes the vision is a success. For the rhino, and us.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, September 29, 2008

Cut costs, but not at the cost of customers

You may think your organi-sation cannot get any leaner, but rest assured it needs to, after many years of growth
Que: How do you effectively maintain service levels when you’re headed into a recession? (Rob Chiuch, Toronto, Canada)

Ans: Given the fact that everyone from Ben Bernanke, the Chairman of the US Federal Reserve System, to the corner grocer is predicting a slowdown of some level or another, we were expecting some recession questions.

Thanks for picking service as the focus of your query. You’re onto something important. No matter how bad the economy gets, your company’s response to it should show up last, if at all, in its relations with its customers.

Instead, its response should show up first, and for as long as possible before the next upturn arrives, deep inside the organisation – in its gut, where all the fat is stored. We know what most people are probably thinking right now – their businesses don’t really have any fat, and cuts will go right into muscle. They’re thinking, “With all the competition we’ve been up against for the past few years, we can’t get any leaner.”

But you can, and you will. Because you do have fat. Indeed, virtually every company does, thanks to the past several years of sustained growth. Call it the Recovery Poundage Syndrome. Whatever: It’s not new, and it’s unavoidable. The challenge, as a leader, is to know where to start looking for it.

The telltale signs are myriad. A headquarters parking lot with a growing shortage of spaces. A company cafeteria with longer lines. Now, everyone knows that the headquarter doesn’t make or sell anything. It’s just overhead.

But during the good times, staff functions in particular tend to “put on weight,” with the addition of data gatherers, report writers, programme analysts, and the like, most of them doing not a lot more than adding up numbers around the latest management fad.

Even R&D is not immune from excess. During growth periods, managers sprinkle money on all sorts of non-essential projects that actually seem like good ideas at those moments.

With a recession looming, it is time for rigorous prioritisation.


Similarly, businesses accumulate consultants when the going is good. We’re not going to denigrate consultants: They can be useful for clearly defined projects.

But a fat-cutting mission calls for a close scrutiny of every contract. If your outsiders are not paying richly for themselves in added productivity & ingenuity, it may now be time to say goodbye to their monthly bills. Boom times also tend to give rise to an enhancement, shall we say, in the quality of company gatherings. Normally, one simple off-site retreat an year does it.

With a long expansion, companies somehow find a way to go to two or more, held in increasingly exotic locales. Look, we enjoy these excursions as much as you do. But before people can complain that their company is slicing muscle, such expense multipliers have to go.

To be clear, we’re not saying that, down the road, there won’t be cuts that cause pain. Every recession takes a real and painful toll. But given the natural plumping that goes on in long growth cycles, it will be a good while before companies get all the fat out. In the meantime, leaders cannot fall back on the all-too-common approach of across-the-board cuts that trim where they shouldn’t. Stay focused on your customers. You may be on a diet, but they don’t need to know it.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Tuesday, September 23, 2008

India’s is the next growth story

Back we go to the gorilla! While economists and experts are lavishing praise on India’s capability to attract capital flows resulting in India’s tremendous economic progress, it’s surprising how these experts have quite succinctly ignored debilitating warnings released by global advisories and even IMF, which commented as recently as in February 2008, “Large capital inflows are complicating the conduct of monetary policy, creating excess liquidity and pressuring the rupee.” Morgan Stanley’s clear warning advisory mentions that even as private capital expenditure has picked up significantly to an estimated 13.7% of GDP in FY 2006-07 from 5.9% in FY 2002-03, capital expenditure on infrastructure has improved at a relatively slower pace to 4.2% from 3.5% during the same period. But the pathetic part is that in order to sustain a GDP growth of 9%, or 10%, infrastructure spending should have been 7-8% of GDP, and not the much achieved 4.2%.

This slow pace of investment is clearly due to overheating of the economy caused by stronger demand growth (due to excess capital inflows), belatedly forcing RBI to tighten its monetary policy. While RBI consistently warned about the ill effects of huge inflows, FM P. Chidambaram was reluctant to send any wrong signals to foreign investors. If only these flows had been controlled right at the start – with a 250-watt electric rod – our economy could have well grown at a pace much beyond the current rates of 8-9%. If only our policy makers knew that hell hath no fury as a group of hairy ladies scorned. If only...

Will the market volatility ever end?
Skepticism, ambiguity, apprehension! What else than these three words can better describe the ongoing dilemma in the Indian capital market. Hovering between 16,457 and 18,895 levels since the last month’s carnage, it looks as if the Sensex is behaving worse than the hairy tribe we talked about earlier.

The Sensex, after reaching a lifetime high of 21,206 on January 10, 2008, had dropped to a appalling low of 15,332 in less than two weeks. And well, investors blamed the fears of a recession in the US, Reliance Power’s mega issue (that sucked out a whopping $180 billion out of the market), heavy selling by FIIs (foreign institutional investors) to everything under the sun, for the so-called ‘correction’. But with economic fundamentals remaining strong, though not as strong as before, the markets are still not in a mood to stabilise, forget about going up. What gives then? “Skepticism is still there,” says Satish Kannav, Senior Analyst, Arihant Capital Markets, mirroring the sentiments of other experts, “Certainly, it will take time before confidence returns, and that too will happen only once the market recovers at least 60-odd percent of its previous fall.”

No doubt, liquidity has increased after Reliance Power listing, but the return to previous volumes is still a big question mark. Even FIIs seem more risk averse than ever before. Following the fears of US recession – along with the sub-prime hit – and a liquidity crunch, they continue to be sellers in emerging markets, like India. For the month of January, net FIIs investments in the Indian market stood at a negative Rs.130.35 billion. Since January 22, 2008, when the Sensex fell over 2,000 points before recovering a bit, FIIs have been net buyers only on 7 days. “Unless FIIs turn buyers, markets will remain volatile and lack directional conviction,” agrees Amitabh Chakraborty, President Equity, Religare Securities, “and that might happen after the Budget.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, September 22, 2008

Of sleazy schemes

Increased outlays for NREGP will increase corruption
The road to hell is almost always paved with good and even noble intentions. One couldn’t but help wonder about this truism after reading the likes of Aruna Roy and many other well meaning activists passionately defend the National Rural Employment Guarantee Programme (NREGP). All of them – barring some die -hard jholawallas – agreed that there were serious flaws in implementation of the scheme that had resulted in most of the money not reaching intended beneficiaries. In some districts, just 3% of the targets were achieved as corrupt contractors, bureaucrats and politicians made merry at the expense of the poor unemployed people of rural India. Most activists like Roy do admit that there is some truth to the allegations made in the CAG report that too much of the funds meant for NREGP have been siphoned away. And yet, they insist that the NREGP must now be implemented in every district of the country (Indeed, the implementation has already started). Their solution: plug the loopholes that marked the faulty implementation of the scheme as witnessed in the last few years.

If you look at analogies, it would go something like this: murders and rapes keep happening with alarming frequency in a neighbourhood, despite the presence of police personnel. If activists were part of the solution to this crime wave, they would advocate that the murderers & rapists will soon stop committing crimes! How different are the corrupt Indian contractors, bureaucrats & politicians from murderers & rapists? And what hope have they given us over the last 60 years or so that they just might stop looting the Indian exchequer in the name of the poor? And how many court decisions have you heard of, in the last 60 years or so where top bureaucrats, businessmen & politicians have been sentenced to spend days behind bars for corruption? So saying and hoping that tweaking the current system of delivery will ensure that the Rs.60,000 crores, going to be spent every year on NREGP will not be siphoned away by the criminally corrupt, is naive at best; and insidiously dangerous at worst. For corruption will not go away and more and more frustrated rural poor will give up on the system and join the Naxalite movement.

After 60 or so years, India has managed to be host to more than 400 million illiterate citizens. Tweaking the system hasn’t been of help. And yet, you have our pseudo-liberals insisting that allocating more funds for primary education will do away with the problem of illiteracy. Or that more funds allocated for health care will improve health standards of the poor in the country. There is nothing more sinister than defeatist statism.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Saturday, September 20, 2008

Hamara, sabka bajaj

In the last four decades, Bajaj Auto CEO has shaped the history of India Inc. Sometimes, he has been left out. By karan mehrishi
Within the business journalism circle, he’s known as the ‘quote’ master. In case any hack needs a comment or two on seemingly controversial macro issues, his or her first reaction is to call up Rahul Bajaj, Chairman, Bajaj Auto. Invariably, Bajaj will make a crisp and cutting remark. The reason: Bajaj is probably one of the few Indian industrialists who are not afraid of anyone – neither policy makers, cabinet ministers, nor other promoters. He has the ability to criticise anyone – if he thinks it’s right to do so.

Bajaj will say it the way he feels and thinks about any issue. If people don’t like it, so be it. But he is unlikely to change his views for politically correct reasons. As S. Ramnath, Director, IDFC SSKI Securities, opines “I think he is very bold and dynamic personality and has the guts to talk about almost anything. He is least afraid of the media unlike many other personalities. Bajaj has passed through success and difficult times. He is very blunt about what he says but he is also open to questions.”

Therefore, it wasn’t surprising that Bajaj emerged as one of the key players in the second Bombay Club, which was informally formed in 1993, to combat the negative impact of economic reforms and liberalisation on the then existing Indian business houses. (The first Bombay Club, comprising leading industrialists as was the case with the second one, was formed in 1946 under the late J. R. D. Tata, and it submitted an exhaustive economic and business blueprint for an independent India.)

The Bajaj-led Bombay Club wasn’t against reforms per say; it was against the possibility of Indian firms being swamped by foreign MNCs due to reforms. Bajaj believed, as he still does, that in the early 1990s, there was no level-playing field between the Indian promoters and foreign MNCs, that many of the policies seemed skewed in favour of the latter. Thus, the second Bombay Club wanted the then Congress Government to go slow on reforms until the Indians could effectively compete with foreigners.
In retrospect, Bajaj was right. Hundreds of Indian business houses, promoters, and companies fell victims to the foreigners. In many cases, where the foreigner had joint ventures with Indian partners, the former forced the local promoters to sell out. In sector after sector, there was a deluge of foreign presence. The situation still exists in several sectors such as consumer durables, consumer electronics, white goods, & FMCG. But despite the intensity of the corporate warfare witnessed in the 1990s, Bajaj has emerged as one of those rare survivors.

The fact is that Bajaj Auto has transformed from a Rs.72 million company to a Rs.46 billion conglomerate within Bajaj’s span at the helm of affairs is an indicator of the patriarch’s vision. Today, Bajaj Auto is one of the most cash-rich companies. Surprisingly, this has not only helped his business grow but also made him more popular among the Indian public. His opinions have earned him the respect of the masses and the business community in the same way.

Sirish Chandran, Executive Editor, Overdrive magazine (which along with ICICI Bank honoured Bajaj by inducting him in the ‘Indian Automotive Hall of Pride’ in 2003), describes, “Rahul Bajaj is a visionary and he is looking towards the future by expanding beyond the traditional two-wheeler market and branching out in four wheelers.” Adds Dilip Chenoy, Director General, Society of Indian Automobile Manufacturers, “Rahul Bajaj has been associated with SIAM since its inception in 1960; he has been its president in 1976-77. His involvement and contribution has been substantial. Even today, his views and recommendations are highly sought after.”

However, to be unfair to the man, Bajaj hasn’t always read the writing on the wall in time. During the 1980s, many Indian promoters took the stockmarket route to raise easy funds to expand and grow. But Bajaj simply refused to join the party. And he didn’t have to. Unlike other promoters, Bajaj was in a sellers’ market; whatever scooters he made, he sold them at attractive prices. In many cases, there were long queues to buy Bajaj’s models, just as was the case with cars. So, Bajaj was sitting on a mountain of cash, his cash was cheaper than even the one that was being raised through public issues.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
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Tuesday, September 02, 2008

Now easier on the pocket

Budget hotels should prosper in India but for rising real estate prices
“Seeking Fortune”- is what a lot in hospitality industry seem to be doing these days. Raison d’être, driven by huge surge in both business and leisure travel, the industry is on a roll. And with over $2 billion waiting to be roped in the next three years, the sector seems hot among investors. However, interestingly, most of the treasure hunt happens to be in the mid-size and low-budget segments.

While international hotel chain Accor has already entered into a joint venture with Emaar MGF to bring its Formule 1 brand of budget hotels to India, Ginger , a subsidiary of Roots Corp owned by Taj Hotels, too, has confirmed its presence and plans to open 30 more in tier I and tier II cities, adding 3,000 rooms by the end of 2008. Even domestic players like Sarovar Hotels and South India-based Choice Hotels are leaving no stone unturned in making their presence felt in a big way.

Fortune Park Hotels, a subsidiary of ITC Ltd., has recently announced plans to augment its presence from 21 hotels and 40 signed alliances across 34 cities at present to 60 hotels in 65 cities in next few years. Fortune, whose expertise lies in the business of managing hotels, also plans to set up its own hotels investing about Rs.1.3 billion in next few years. Moreover, according to industry sources, as many as 40 brands are expected to set-up budget hotels in the next five to seven years in India.

Indeed a well thought off strategy by these players! As the domestic market continues to expand, the escalating economy has provided a growing and newly prosperous middle class population, many of whom are accessing travel for the first time, further raising the need for mid market and functional hotels. The demand for these hotels for corporate and leisure customers at affordable price, while maintaining the benchmark standards is also gaining popularity and the next few years are expected to see more such growth.

“There is tremendous growth opportunity as in the next 3-4 years India will need over 1,00,000 lakh additional rooms, and maximum should be contributed from three-four star hotel category.” says Girish Solanki, who is a hotel analyst. According to HVS International, the quality room supply in India is shockingly low at below 40000. Moreover, as per the report, budget hotels should account for an overwhelming 50.7% of all new hotels in India over the next five years. Players want to capitalize on it by creating a strong presence across with specialised products designed to suit the specific needs of various segments viz. business, leisure, pilgrims, adventure et al. “The segment of budget hotels has always existed; it’s only that big players are now moving into this segment and standardising the product offering with a view to capture the large mid-market segment,” Amol Rao, a hotel analyst at PINC Research, makes his point.

Surge in real estate prices is bound to act as a big obstacle. Initially, even a cluster of brands in a particular location are bound to co-exist without much ado. But as the hunt for low budget fortunes gets fiercer over the years, this industry might just see the same churn currently witnessed in the aviation sector.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
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IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
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Wednesday, August 27, 2008

Deprived due to public leanings

Public sector units mustn’t be made to die a natural death
“The private players in metals producing industry have been obliged with mines, then why has the government not accorded this right to a public sector company,” argues K. K. Sharma of the Centre of Indian Trade Unions (CITU) while speaking to B&E. Yes, it is a fact that Essar, Jindals & Posco have all been obliged with mining rights to extract iron ore but the government not granted this privilege to Rs.91.26 billion strong Rashtriya Ispat Nigam Limited (RINL). Now, in order to protect the public sector unit, the workers belonging to 19 different trade unions have dissolved their differences to project a united front to put forth their demand to the government. RINL, which gets the raw material from National Mineral Development Corp. (NMDC) is facing the crunch because the NMDC has hiked the iron ore prices, plus they now have to face enhanced competition. The trade unions fear that such a situation will eventually sound the death knell for the company.

Why indeed should the private industry be given preference? Level playing fields need to provided for all to grow. All efforts to deliberately stymie the growth of the performing PSUs should be opposed tooth & nail.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Tuesday, August 26, 2008

Can she deliver victory?

Only aam admi, inclusive growth, and effective delivery systems can help the Congress win elections in 2009
“It’s the only strategy that can work for the Congress. Moreover, it has been forced upon the party,” says a political commentator, who has worked for the party for years. What he is talking about is the fact that the Congress today has no option but to fight on the growth and development planks. In a sense, aam admi, ‘inclusive growth’, and building an efficient and effective delivery system are critical for the future electoral success of Congress president Sonia Gandhi.

Consider the current vote-bank scenario for the moment. In several states like Uttar Pradesh and Bihar, regional leaders like Mulayam Singh Yadav and Lalu Prasad Yadav have snatched away the Muslim votes from the Congress. The rise of Mayawati’s BSP is slowly gnawing away at the Dalits and backward classes votes in several northern and western states. The Brahmins had long ago opted to side with the BJP; in recent times, they have decided to ditch the BJP and forge an alliance with Mayawati in Uttar Pradesh.

So, where does it leave the Congress? “It is now a party with no die-hard supporters. It depends on regional alliances to come to power, as it did in the 2004 elections,” says another Delhi-based political analyst. Even Congress insiders privately admit that the party has to search for new winning combinations, or look at modern issues, which may become its electoral mantra. One of the latter can be a combination of growth, development, and delivery. It may help the Congress to reinvent itself for the 21st century.

Therefore, it is not surprising that the Congress has decided to woo the aam admi; in some ways, it’s a strategy that the BJP tried by uniting the Hindus through its Hindutva ideology. Up to a point, the BJP did achieve its objective. But the problem for Sonia is that her initiatives are being scoffed at by both party insiders, as well as traditional supporters of the party. Even India Inc. seems to be unhappy with it.
Dilip Cherian, who heads a PR firm and is known in the corridors of power, agrees, “Today, Corporate India is demanding a cut in taxes because it feels that this year’s Budget will be pre-poor in the extreme sense. It will be the Congress’ electoral foundation for the general elections in 2009.” But the billion voters question is: will it really work in favour of Sonia Gandhi? Will the common man help the party to come back to power?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
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The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
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India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Monday, August 25, 2008

Will it be Dhum(aal) in HP?

Tough fight in HP, but BJP may hold incumbency advantage
The election scene in Gujarat has indeed reached the boiling point. The Congress leader Sonia Gandhi is openly advocating the “merchants of death” theory to show the true colours of Chief Minister Narendra Modi. Modi on the other hand, is relentlessly pursuing his agenda to ensure that his Hindu vote bank backs him to the hilt in the ensuing elections to the state assembly. The Elections Commission has asked both the parties to explain their conduct during the election meetings.

With the state deeply polarised on communal lines, such mudslinging was perhaps on expected lines. But the question is, why has Modi shifted gears and is now using the communal card to ensure victory? Has the development plank which the BJP had been touting as its trump card lost sheen? The mood in the state and the dissensions within the BJP rank & file, clearly indicate that it is not a cake-walk for Modi this time. Senior journalists and analysts, who have been extensively touring the state, feel that Modi may win anything between 85-100 seats. This certainly puts him in a precarious position is-à-vis the dissidents in the party, because anything short of a comfortable majority will lead the detractors in the party to gun for Modi’s ouster.

Congress, on the other hand is hoping to use the anti-incumbency factor & and the communal track record of the Modi administration to come back to power in Gujarat. From Sonia to Rahul, most of the Congress bigwigs have pitched their tents in Gujarat to snatch victory from the jaws of a possible defeat. But will that be enough? The betting is still on.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Monday, August 18, 2008

Private schools...

...can provide ‘Education for all’

Henry Fielding once said, “Public schools are the nurseries of all vice and immorality” … the statement is of assistance in slapping the claims of the reverential policy makers who vouch for public schools.

The United Nations promised “education for all” in the Millennium Developmental Goal (MDG) by 2015. Beats the wit out of anyone that how on Earth will it be possible with only 25% of all schools in Ghana being government schools, 34% of such schools in Lagos state of Nigeria and only 35% such schools in slum area of Hyderabad and equally contemptible percentage of government schools in other underdeveloped countries! So does that mean that the UN MDG is wearing that confident look only because it banks on the private schools? Private schools might charge more fees, but that again is only because they deliver quality. And why are private schools subjected to such badmouthing, anyway when even the not-so-well-to-do families choose private schools over government schools? Seriously, the umpteenth claims of “education for all” which try and promote public schools do not hold any water … because education in true sense owes gratitude to private schools only.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
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India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Thursday, August 14, 2008

MANY MILLION BYTES WITHIN

And all the content that you need will travel with you – always

With enhancement in digital lifestyles & demand for more mobility, variety and protective data storage media will undoubtedly become increasingly essential. The growth in the storage devices is breathtaking. Customers will be demanding simple, comprehensive & secure storage solutions. For the consumer segment, Seagate will soon come out with Seagate Digital Audio Video Experience (D.A.V.E.™), which will be based on wireless storage (using Bluetooth or WiFi ) technology. This will enable data transfer on a centralised device from any mobile handheld device, digital or video camera and portable player.

The year 2008 will also witness an one terabyte capacity drive from the world of Seagate, which will easily hold up to 200 hours of HDTV broadcasting and drives meant for digital video surveillance systems, which will comfortably hold 32 full days of high-resolution video streaming. Talking to B&E, Rajesh Khurana, Country Manager Seagate, comments, “Consumers have a lot of intrinsic requirement and they wouldn’t like their digital data to get leaked by unauthorized persons... For this most products will come with perpendicular recording. Even the latest full disc encryption hard disk will encrypt data on the hardware itself, thus making the data more secure.”

And for the enterprise level, Seagate will be coming out with Barracuda FDE hard drive based on AES encryption, a government-grade security protocol and Cheetah 15K.6 hard drive, which is offering a phenomenal 28% increase in sustained data transfer rates compared to previous generation drives.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Wednesday, August 13, 2008

TIME FOR ‘CONSOLE’IDATION

There may not be too many path breaking gaming evolutions in 2008

They might just be games for some, but for those who are engaged in the task of providing these next to real-life experiences, this industry is nothing less than a hot pot of gold. Almost half of the Uncle Sam’s land and more than 90% of kids falling in the age group 2 to 17 are dissolved in the world of video games. Annually, Americans splurge more on gaming than they do on movies. According to PwC, the industry is expected to become an action-packed game of $48.9 billion by 2011 (currently $35 billion) at a compound annual growth rate of 9.1%. Consumers are always wanting more. And for Sony, Nintendo & Microsoft, it’s like a never ending marathon to bring the gaming experience more & more closer to reality.

Moving forward, the battle is going to become all the more brutal since the consoles have already achieved significant advancements. Here on, one may feel that we may not see too many path breaking advancements in the gaming console industry in the near future. Tel Pollak, Sr. gaming analyst, Jon Peddie Research told B&E, “The future of console technology is not easy to predict because the consoles themselves (360 & PS3) now have the power to satisfy most of the personal computing needs.” Slowly but surely, people project that consoles will become indistinguishable from PCs, which means they are expected to eventually end their run as stabdalone products.

However, in the short term, the major driving force in the console industry will be controller evolution and processor evolution to enrich the game play experience. Furthermore, the gaming title industry will take gamers by surprise. Innovation in multi-path story experiences, player communications and social features, massive multiplayer capabilities, and open world (non scripted) game play experience will drive the entire HD game industry; whatever platform you are looking. Therefore, teaming up with title majors and producing exclusive great titles will be of significant importance. Halo – XBox team, for instance, is a great example and has set the tone for evolution of this space. In future such teamwork between consoles & titles will definitely prove to be a source of competitive advantage. Moreover, it would surely put ardent game lovers firmly on cloud 9!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
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IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
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Tuesday, August 12, 2008

Stock valuations are likely to command

But then how long can they sustain this way when the stock valuations are likely to command average PE multiples and are unlikely to be re-rated any time soon? “In such a scenario, it will be difficult to find multi-baggers to show extra-ordinary performance over the next six months,” agrees Ashok Jainani, an analyst with KSL India. So, when equities are likely to remain in a range-bound move, reacting to global and domestic events, the challenges before mutual funds are to generate absolute performance, not only to garner additional subscriptions (growth in AUM), but also to retain existing AUMs. Further, their inability to pass on the burden (rising input costs) to consumers (due to government interventions) is expected to make them bleed more.

No doubt, the biggest challenge at present is to fight volatility but the competition from the insurance sector is one thing that the industry will have to look upon very seriously. Flooded with hybrid products, which offer both good returns and accidental covers, the insurance industry has already started giving fund houses a run for their money. AMCs now need to innovate, embrace technology and use it at a much faster rate in order to remain competitive. Although, the fund houses are working out on some alternate payment gateways, which include payments through credit card, mobile phones et al, to ease the investment process, but its actual implementation still is a distant dream.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs


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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, August 11, 2008

Longer time frame

At a time where realty prices have stabilised (read as dropped) considerably in the recent months, there is no denying that this has led to positive sentiments in the market about ‘stability’ factor in the sector. Moreover considering a longer time frame, the prices are highly profitable as Susil Dungarwal, Analyst, Real Estate sector asserts, “In the last few years, the land prices have seen an unprecedented raise, which has invited various overaseas and domestic PE firms to venture into such deals...” This being said, the PE giants are however not ‘action sans caution’ with only 2 deals recording more than $100 million in transaction value during March-April, as compared to 4 during the corresponding period last year. “We can see more deals in the small and mid-sized segments, but the PE players are on a watch right now,” adds Pankaj. Even as a disappointed Anubhav Gupta, Analyst, Kiemeng Securities explains reasons for fall in interests in PE deals as, “The slowdown in the economy, the stock market crashing & fall in valuations of the company are the reason why companies are not preferring PE deals currently.”

Then there were two other sectors which earned the ‘docile’ tag during the period discussed earlier. One being the ‘Banking’ sector whose conribution to M&A value dropped from 41% to 7%, and the other being Shipping & Ports, where it fell from 24% to 0%!!!

However over last year, there has been a rise in interest of the Indian nationalised banks in financing M&As. Last year, SBI topped the charts in terms of loan syndication income. However, their limitation was exposed by Gupta as he asserts, “The Indian banks can only finance the small and mid-sized deals but they are still not in a position to finance the multi-billion dollar deals.” However, this limitation will also change with time.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Friday, August 08, 2008

The final fantasy...

Judging by the outstanding sales and satisfaction performances, the future looks bright indeed. However, India is a changing market and competition is both abler and fiercer, hell bent on denting, if not usurping, Maruti’s rightful throne. Maruti needs to deliberate on sharpening its indigenous R&D activity; and becoming more focused on its Indian operations (Suzuki’s largest globally, and by far). Think about it; there used to be a time when Maruti’s market shares were always above of 90%. Today, they still are still strong, albeit at the mid 40s.

When I was leaving Maruti’s office, I chanced upon a familiar debate between two employees of Maruti who were coincidentally arguing animatedly whether Federer or Sampras was the greatest tennis player of all times. While one man’s statistics supported the icy Federer, the other man’s emotions supported the lovable Sampras... I exited, smiling silently, knowing very well who, for me, is ‘the’ greatest tennis player of all times. Maria Sharapova! Look her video up on Youtube. You’ll understand what branding means. And you’ll understand why car companies use her more in their ads than they do either Federer or Sampras. No, she’s not even the world’s number 1 ranked women’s tennis player currently [that’s still the recently retired Justine Henin]. She sells; that’s branding; that’s greatness!

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Wednesday, August 06, 2008

Savvy ad-watcher

Have our marketers and ad frat read the writing on the wall? Does this situation prevail here too? Well, if not in such large numbers, in a smaller way it does... “Some categories – insurance and finance – have attracted advertisers to beam their messages on this target group, but overall, there is ignorance, reluctance and confusion,” says a savvy ad-watcher. He believes that conservative, orthodox and conventional mindset and myths vis-à-vis this community still exist strongly, placing Gen Grey as a group that is “low-value, tight-fisted, close minded, obsessed with the earlier (revered) principle of saving ‘not’ spending.”

They could be hopelessly off-centre and the reasons are not hard to find. The oldies (read 50-plus) of the earlier generations were truly different because they were defined by the times and circumstances they lived in. Mostly, he lived in a joint family – in his prime – had parents to look after, kids to educate, sometimes, even aged relatives to care for. Security and future were his main, over-riding concerns and priorities. Today’s 50-plus is young at heart, financially comfortable with techno-savvy kids doing well in cool jobs and (sometimes) even a portfolio manager to oversee his investments. Further, myths like ‘the older you are, the lesser brand adventurous you become, lesser responsive you are to advertising, lesser willing you are to spend’ have been hurled to the trash can! Hawk-eyed marketers are going beyond financial and Insurance products to energetically woo this target base. Says the ad-watcher, “In today’s battle for Gen Grey’s wallet, a Rifle not a Shotgun, is the need of the hour.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, August 04, 2008

Snapshots! adland’s affair with the Indian woman...

Monojit Lahiri does a check out with a few celebs on this edgy image issue

First things first. Only guys in dire need of an instant brain transplant perceive advertising to be the unsoiled harbinger of truth or relentless brand ambassador of reality. Advertising is after all (first and last) a crucial marketing tool mandated to do a job as effectively as possible. Toward achieving this end (like Bollywood) magnifying, hyping, dramatising, exaggerating and colouring comes with the territory. “Agreed,” says the hugely respected Asia Pacific President of Leo Burnett, Michelle Kristula-Green, “but are we reading the writing on the wall correctly?” In a hard-hitting presentation made a while ago in Delhi, titled MIS UNDERSTOOD-WHY SHE’S NOT BUYING YOUR AD’S, she let fly some disturbing whoppers based on her findings on an extensive survey across Asian markets – China, Japan and India. Woman, she said, accused advertisers of portraying them in a man’s version of what they should be like. Further, she added, the basic communication slant was way off on five solid counts: money, sexuality, humour, emotion and authenticity. The survey also revealed that unlike the West, woman here weren’t comfortable with blatant portrayals of sex. It was more an internal paradigm shift where they’ve learnt to handle and appreciate sex appeal as part of their intrinsic feminity rather than an exhibitionistic, brazen and titillating man-baiting USP. Finally, in Asian society, “girls are taught to view emotions as their strength NOT weakness hence they seem to respond to a message that is authentic & real – warts and all – more positively than one that is beautifully packaged but phoney.”

How does this argument rock with our guys in celeb-ville?

Ad Film maker (and now celeb Feature Film director), Pradeep Sarkar refuses to bite. He believes that like in the movies, the shift toward realism has begun in the ad film scenario. “You will see a lesser degree of the superwoman, supermom and superwife persona today because the industry has started to recognise and respect the readers/viewers intelligence and thus offer slices of life in the communication that both entertain and connect. No wonder the new war-cry in today’s ad-scene is yaar, make it less addy! Meaning, don’t make it look like a typical ad; make it look real.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Friday, August 01, 2008

No chinks in his armour

Despite a blip in Mittal’s plans; the steel tycoon is going strong

Tony Stark, the protagonist of Marvel comic series Iron Man, is in many ways similar to Laxmi Mittal, the steel empire builder. Both men were relentless empire builders even in the wake of adversity and reservations. Neither was ever affected by complacency. The moniker of Iron Man is best suited for a Marvel universe inspired socio-economic structure. But we may still conclude that the Iron Man of the real world is indeed living up to his name. Not satisfied by his multibillion dollar bid to merge the world’s largest steelmaker with his own company back in 2006, Mittal is back for more. Obviously when you have $105.2 billion worth of revenue, complacency is well just another impediment.

With a production of 116 million tones of steel, ArcelorMittal has a market share of close to 10% in the global consolidated steel industry. In a bid to even further his reach, the businessman of Indian origin has already fired up the first three months of 2008. In April, he first acquired 50% share in Gonvarri Brasil forming a steel servicing JV. “This JV will allow us to further grow in this very promising market (Brazil),” said Jon Riberas, CEO, Gonvarri. Then Arcelor Mittal has announced that the I/N Kote facility in US will now have an additional capacity of 480,000 tones for building continuous galvanizing line (CGL), almost doubling the facilities galvanising capacity. On an annual basis, the I/N Kote facility in Indiana produces close to 450,000 tones of hot-dip galvanised and galvanealed sheet.

Complimenting its growth strategy in the fast growing Indian and Chinese markets, the company has some extensive plans. Apart from the $25 billion investment for Eastern Indian region, ArcelorMittal increased its stake in China Oriental to 73.1%! In a deal worth $718 million, ArcelorMittal will acquire three mines in Russia as well.

Of course, there has been one dark spot too. When ArcelorMittal acquired the Gandrange facility in Eastern France in 1999, little was known that the plant will become a source of disdain. Due to unprofitability and a poor market, when the company wanted to offload close to 575 workers, the workers ransacked the company office. But for those wondering if this indicates there could be trouble in Mittal’s paradise, we must understand it’s a one off case. Mittal’s expansions gives him an excellent leeway in the steel industry. Some tactical blunders do not question the merit of his ingenious strategy; but then, damage control is one area that he may well have to be adept at.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Thursday, July 31, 2008

Investments in infrastructure

Therefore, it’s not surprising that a few sectors become the flavour of the year at some point in time and others occupy those slots at some later stage. At present, PE players are gung-ho about investments in infrastructure. At a recent seminar, Shivani Bhasin, a Principal in IDFC private Equity, said that India will invest nearly $450 billion in infrastructure over the next five years, and thanks to several incentives given by the government to private players, investment in the sector will double to 8% of the country’s GDP in the same period.

The other exciting sectors for the PE firms now are media and telecom infrastructure. Warbug Pincus has invested $33.33 million for a 7% stake in Dainik Jagran. The opportunities are so large that no one wants to miss the bus in the print media; global private equity investor Blackstone Group has invested $275 million in the Hyderabad-based Ushodaya Enterprises, the owners of Eenadu and ETV. Temasek Holdings, Investment Corp. of Dubai, Goldman Sachs Group, and others have invested $1 billion for a 10% stake in Bharti Infratel (the wholly-owned telecom tower subsidiary of Bharti Airtel). In addition, Kohlberg Kravis Roberts & Co put in $250 million for an estimated 2% stake in Bharti Infratel.

Competition and competitors are yet another set of parameters that investors like to dwell upon before zeroing in on their investment decision. Putting forth his view on the issue, Anubhav Gupta (Investment Analyst, Kim Eng Securities India) says, “The current competitive advantage possessed by the investee firm, the investee’s market and competitive position and the current competitors are certainly considered by the investor.” Therefore, New York Life Investment Management India Fund pumped in Rs.225 million in Avesthagen, a systems biology firm, because the latter has the potential to develop valuable intellectual property portfolio. Similarly, the PE firm’s $25 million infusion in Sarvana Global Energy was because of the cost competitive edge of the latter.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Wednesday, July 30, 2008

Demoisturising techniques

Just like the food industry, aeronautical industry is highly dependent on demoisturising techniques in a major way, in functions such as aircraft maintenance, engine storage and landing/take-off. With an impressive list of satisfied customers, that include corporations like Taikoo Aircrafts Engineering and Airport Authority of India, Bry-Air is surely going places. Surprisingly, even after setting up an additional plant in Malaysia, to cater to the fast-expanding South-East Asian market, the company was not satisfied with its expansion spree. So, it acquired Germany-based, A+H Hamburg, to become the first Indian HVAC&R (Heating, Ventilation, Air Conditioning & Refrigeration) company to acquire a foreign company. According to Pahwa, “We are actively looking at a couple of other acquisitions in Europe. With a licensee in Brazil and an associate plant in the US, we have our network all over the world.” Not bad for a company that expects to touch a turnover of Rs.230 crore in the FY-09 and Rs.400 crore by 2010-11.

As a party pooper though, Bry-Air will feel the heat of competition, as the marketplace will soon be flooded with other low-cost manufacturers. But Pahwa added that “our mantra has been and continues to be to provide the best international technology to the customer. The market opts for better technology, better support and a reliable product.” On a relentless drive to move further, the company is experimenting with more advanced and cutting-edge technology. Not satisfied with its already well-proven track record, Bry-Air is looking at greener technologies and services as well, as its sister company, DRI is ready to make foray in this direction. Perspiring with all the action here? No worries, we have the dehumidifiers ready for you. Still feeling hot?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global
The Indian Institute of Planning and Management (IIPM)
IIPM Campus


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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Tuesday, July 29, 2008

International certifications for the BPO professionals

A.W. George, Business Head, HMIL, has been entrusted with the task of providing international certifications for the BPO professionals. He divulges to 4Ps B&M that although the company is neck deep in providing T&D programmes to almost the whole of the BPO industry, but managing the HR function within the organisation is a different ball game altogether. George feels that the biggest challenge at HMIL is to retain quality manpower that can further impart the much needed training services. At HMIL, the HR Manager plays an integral role in the organisational success via his knowledge and advocacy of people. George elaborates, “This advocacy includes creating an environment that motivates people. To deal with the challenges, we are fostering effective methods of goal setting, communication and empowerment through responsibility and building employee-ownership towards the organisation.”


At HMIL, people play a pivotal role in shaping the organisation; hence the company ensures that the employees are a satisfied lot. HMIL too strives to be an employer of choice and the HR of the company is moving full throttle to achieve that goal. “Job security is an area where the Hero Group’s credibility plays the role of dream employer,” avers George. The BPO industry by and large boasts of being a good paymaster and HMIL is no different while compensating its workforce. George elaborates, “We provide employees with attractive compensation packages, which constitute of not just the basic salaries but also performance bonus and incentives, and that’s how we try to make the package attractive for our employees.” However, monetary benefits alone cannot keep the employees happy and satisfied. Bearing this in mind, HMIL also provides opportunities for advancement. For instance, the company gives ample opportunities for career advancement within the organisation. George adds, “Meeting personal aspirations to grow, both hierarchically and financially, is a key driver. HMIL addresses both these drivers very effectively.” To motivate its employees, HMIL has put in place a drive to create an environment that is conducive to learning. George enthuses, “Every third Saturday of the month is treated as the ‘Learning Day’ where every person has to do a session and it is necessary for everyone to participate. The ‘Learning Day’ also plays a pivotal role during appraisals.”

For Complete
IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative


Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, July 28, 2008

CREATIVITY RE-VISITED

Monojit Lahiri attempts a hard close up on a fiercely debated issue

The last words however must belong to the latest luminary on the block - the new Executive Chairman of Lowe, Balki, who has his very special take on Creativity. The Director of 2007’s acclaimed film Cheeni Kum – all set to put together another film, PA, starring both, the Big and Small Bachchan- strongly believes that creativity is not necessarily about humour or popular hindi street-speak, but engagement and interest-value based on basic consumer insights. “For me, creativity in advertising is anything that is interesting and engaging… anything that kills boredom. Creativity is the biggest currency that drives effective and memorable advertising. It is not strategic inputs, marketing warfare, business plans or gimmicks, but how interesting you are as a person, brand, commodity of organization. Creativity need not – as some believe – only follow the haha (entertainment) route. It can make you cry, think, be scared, anxious, romantic, nostalgic… anything that connects. The idea is to see creativity as a powerful instrument that engages the reader /audience /consumer to reach a new level of empowerment”.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Friday, July 25, 2008

Scaling the Wall

China has gained the status of a high-potential consumer-driven market, instead of just a cheap manufacturing hub. And India has more than a 100 companies in line, raring to hunt down the Chinese dragon. By STEVEN PHILIP WARNER


Clearly, one of the primary reasons why Indian companies are setting up shops on the Chinese mainland, especially when it comes to the IT industry, is because of the government allowing huge incentives for investments in these areas, which includes tax holidays and reduced land rentals and import charges. And these advantages are not something which the pharma industry is devoid of too. Talk about Ranbaxy which has decided to convert China into a major manufacturing hub and a market as a whole – in other words, a complete make and sell model in place! Ramesh Adige, Executive Director, Ranbaxy, while commenting on the same pronounces, “China is emerging as a good destination to source cost-effective ‘Active Pharmaceutical Ingredients’ and intermediates which will allow companies like Ranbaxy to economise its cost of production…” And its not just Ranbaxy wanting to gain control over Chinese drugs, but also Dr. Reddy’s, which besides buying cheaper raw materials from China has also set up a JV in Shanghai where it employs about 100 people who develop drugs for the Chinese market and conduct pilot tests for drug sales in China as well.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Tuesday, July 22, 2008

Perseverance

They were one of the early movers in the market, but lost out to the Korean Chaebols. Now, Godrej is fighting back to stake its claim. Will perseverance pay?

We are the only domestic brand in the durables sector that’s fighting back against global players. In the late 90s when Korean & Japanese players came into India we never thought that they could capture the market. We were wrong. But now, we are trying our level best to revamp our portfolio and image. We’ve roped in Preity Zinta as our brand ambassador to focus more toward generation next. We’ve also launched a new range of products called the eon range, which offers the widest range of colours in refrigerators. This has boosted our turnover by 30%. In 2008, we will be launching the same range for washing machines.


Prospecting
Till a year ago, India had no truck with country level cricket leagues and all of a sudden it now has two big cricket leagues vying for a one-up on the other. The gamble may just well pay off...

Till now, it’s only the starting for ICL and we will have to wait and see how the future course is taken. In future, ICL will get more cricket grounds and will grow in stature. With biggies like Kapil Dev, Kiran More, Sandeep Patil and many more on board, the future is definitely shining. Within the next two or three years, we will see a new and a much better structure of domestic cricket in India. The benefit is both to cricketers and the country, as there are less teams and more players in the country today. This will also give upcoming players more chances to show their talent and India will get more cricketers in the coming future. It is true that now there is competition from BCCI’s IPL, but according to me BCCI should not consider ICL as their rival, instead there should be a mutual understanding between the two. The focus should be to give good cricket and cricketers to the country.

Both boards have a bright future and will do well. Who knows after three years, the ICL team might challenge the Indian cricket team and let the country decide for itself that which team has better cricketers?

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Thursday, July 17, 2008

Philanthropy

The ‘Bill and Melinda Gates Foundation’ has gained global recognition as a machinery that donates with arms wide open. The richest man alive also knows how to give back to mankind

William Henry Gates III, alias Bill Gates, who gained wide acclaim as the man behind Microsoft is known no less for his acts of philanthropy. He along with his wife Melinda, have donated close to a mind-boggling $30 billion to their Bill & Melinda Gates foundation, which is dedicated to the social cause of improving health and education facilities for the needy. The foundation is driven on two core values, something which Bill can swear by as his personal values too. First, all human lives have equal value and second, much can only be expected only when much is given. Commitment of more than $3.6 billion to organisations working on health issues and more than $2 billion towards quality education are some key initiatives taken up by the foundation. The foundation has spread its operations in more than 100 countries and its aggregate grant commitments since inception stands at a staggering $14.4 billion! Speaking of Bill Gates, a HelpAge India spokesperson says, “He is indeed the epitome of philanthropy. The world needs more people like him. Most importantly, he is investing money where there is a genuine need – in developing nations and in areas of prime importance like health and education. His voluntary participation in time and monetary resources is what deserves credit. He is indeed some example to emulate.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, July 14, 2008

Furnishing the Indian dream

But will the Ebony-Gautier combo florish?

What happens when a French beauty ties the knot with a desi babu? We are talking about the France-based luxury furniture maker Gautier, which has roped in domestic retail player Ebony to bet its bucks on India. With an investment plan of Rs.120 crore, the company is going great guns to expand its operations in India. But will the combo of Ebony and Gautier succeed to shake off the big daddies of this segment? Well, to know the answer to that we may well have to wait till the end of 2008; but as of now the combined entity is not leaving any stone unturned to launch a galactic attack against its rivals. In a candid interview with 4Ps B&M, Dominique Soulard, Chairman and MD of Gautier, unveiled the company’s game plan for India. Excerpts from the interview:

On prospects in the Indian market


India is a vast country with huge business potential. It is one of the key countries we are looking forward to for our business. We see a market gap and are partnering with Ebony for the retailing of contemporarily styled branded furniture in India. With the increased spending on home renovation by the Indian consumers, it is definitely a safe bet.

On collaborating with Ebony


With their know-how of preferences of the Indian consumers and the synergies of the Indian market, Ebony is one of the pioneers and leaders of lifestyle retailing in India. In fact, Ebony will also make a financial investment, besides providing their rich retail knowhow for the joint venture. The blend of Ebony and Gautier, on the one hand and the entire range of authentic Gautier products, on the other, would definitely result into a productive partnership.

On Gautier’s presence in India

We are looking forward to establishing a pan India outreach. Starting from the Northern and Western regions of India, we plan to expand our presence to every nook and corner of the country over a period of time. The Gautier product range is internationally renowned. And in India, we wish to provide the same quality and experience to consumers.

On competition from existing players

We don’t think that we have any existing competition in India. Our home adornment stores are one of their kind in the country. So, basically there is no real competition in this segment, though there are myriad unorganized players. However, we are geared up to tackle these smaller players.

On future plans

Well, we have great plans for India as we consider it to be a profitable market. We plan to setup at least 20 home adornment stores with an investment of Rs.120 crore for the next two years expecting a turnover of Rs.400 crore by the end of next year. We expect to establish a pan India presence. We hope to do that and grow in a gigantic way in the coming 10-15 years. We may also look at setting up a manufacturing facility in India in the long run.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Friday, July 11, 2008

Will Xerox ink a new chapter...

...in the ‘h’igh ‘p’owered segment? Nah!

The Xerox versus HP war was never HPconfined to just few products, with HP dominating printing & imagining market and Xerox the vendor-supplier market. The two companies have left no stone unturned in overpowering each other in terms of market share. In order to challenge Hewlett-Packard, Xerox recently launched its new solid-ink line of printers. This launch seems to be an answer to HP’s launch of Print 2.0 series of printers coupled with a whopping $300 million marketing campaign.

Xerox is trying to tap those entire customer who are price sensitive and would like ‘more for less’. Interestingly, the new line of printer, the Phaser 8860 from Xerox prints in colour for cost of black & white printers. The new-improved technology used in this series of printers reduces the printing cost by almost $0.05 per page. However, there are some issues pertaining to the technology used in manufacturing of ink by that of HP and Xerox. “HP chose not to adopt solid-ink technology long ago because it requires more energy and as such the process uses approximately triple the power consumption. It is somewhat surprising why Xerox would choose to use solid ink technology...” said Kakuni Mahto of HP to 4Ps, B&M.

With HP controlling 40% of the global office laser printer market and Xerox merely 10%, this launch can definitely alter the market share. This launch has definitely put Xerox in a good competitive situation but the popularity of HP’s printers is again tough to shudder.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Thursday, July 10, 2008

Much beyond the pleasures of gaming!

Thanks to PC and internet penetration, the gaming industry in India is growing at a brisk pace

A senior analyst with In-Stat/MDR, Eric Mantion, once said that online gaming is a real industry, which will make real money. He also claimed that there are a lot of companies working very hard to make this industry grow quickly, which will help to move things along faster than many of us expect.

A report published by IMRB International on behalf of the Internet and Mobile Association of India, (IAMAI), values the online gaming industry in India at Rs.210 million, with most of the revenues in this segment, currently, coming from organised cyber cafés (Rs.121.7 million), subscription based revenues (Rs.66 million) and advertising revenue (Rs.22.4 million).

The gaming market in India is expected to grow to $424 million by 2010, according to the 2007 NASSCOM Report. This growth is expected to fructify by enabling factors like increasing internet penetration, and entry of industry houses into online gaming business. Today, entertainment features as one of the predominant spending areas amongst the Indian consumers.

Currently, most of the online gaming portals are on a free-to-play model and are looking at advertising revenues to sustain the first phase of growth. Brands, which have already begun to realise the power of in-game placement and advergaming, are now associating with online games, in one way or the other. Almost 20% of the revenue from gaming (Rs.40 million) currently accrues directly to international players not based in India. Internet usage has seen an upward swing in the last few years. I see online games as soon becoming an avenue to satisfy the craving of Indian users. Casual games, which constitute a major chunk of the pie, can be positioned as another arena for entertainment to appeal to women and older men.

The three factors which will fuel the growth of internet in India are content, access and pricing. Gamers, today, do not fret too much over whether the games are of Indian or foreign origin. They want an engaging gameplay, which, along with the two other factors will decide if s/he will play the game again or simply shift his loyalties to another game.

Coming to access, an I Cube Report, 2006, says that almost 62% of active internet users in top 26 cities, access internet from cyber cafés, implying that cyber cafés are the most prominent access points for internet inspite of the increasing prominence of home access.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

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Tuesday, July 08, 2008

‘King Khan’ turns fair!

He’s managed to carve out a new market segment altogether. Emami’s head honcho tells how Shah Rukh was roped in for Fair & Handsome...

The Kolkata-based Rs.600 crore Emami Group has been known for roping in Bollywood stars and creating massive ad-campaigns. And the company believes such ad-campaigns helps to convey the distinguishing attributes of the product. In the year 2006, they became the pioneer in unleashing men’s fairness cream – Fair & Handsome. Later, big daddy HUL entered the segment but, in spite of such a shark Fair & Handsome did a fair business of Rs.40 crore in 2006. But the game in 2007 was no longer limited to a duopoly as more and more players (like Nivea) have jumped into the fray. So the company resorted to its time-honoured strategy of resorting to the oomph of Bollywood avtars and this time they roped in King Khan. “Our internal research showed that we need a strong brand ambassador to promote men’s cream. And when it comes to looking beautiful and fair, the man has to be from Bollywood. Specially, if you want to associate fairness with looking handsome, it has to be said by some one like Shah Rukh,” reasons Mohan Goenka, MD of Emami.

The factor ‘tall, dark & handsome’ is a major bottleneck to sell men’s fairness cream and hence the promotional campaign have to keep in mind that the target audience is Mr. Adam, who might not be beckoned with the fairness factor. “Yes, it was a challenge but at the same time, there was an inherent need for fairness among men. So the campaign instead of directly hitting on fairness factor, focused on as a relief from sunburnt,” elaborates Mohan. The demand was there and it was addressed through right strategies.

But the success of the product cannot only be attributed to a great marketing campaign and the Don. There’s more! And it’s the pricing factor. On the one hand, to avoid a typical economical product the prices were kept higher than HUL and at the same time, the positioning as a high priced ‘luxury product’ was a strict no. So the prices were kept below Nivea and L’ Oreal. Adds Mohan, “Proper pricing, an Indian image and being a two-year-old brand has made us different from Nivea,” Mohan is confident that this positioning will work wonders for the brand, which is confident of fighting the predominant HUL in the segment.

Banking on such strategies, the company is gung-ho to achieve a turnover of Rs.55 crore from Fair & Handsome. Don aka SRK made a fair deal in 2007, but whether it was fair for Emami will be proved in 2008, when the company will achieve its target turnover.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)



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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Reality brings the real fun

From Darjeeling, Mizoram, Kashmir and Timbuktoo, millions of SMSes came in a torrent that would never stop. Watching apsiring kids, teenagers and adults sing, dance, yodel, act, answer questions and even lose weight in front of the TV camera suddenly became an abiding passion. By the time 2007 began, Big Boss was reaching a voyeuristic climax. And by the time 2007 is coming to an end, reality shows have become the hottest thing. Watch out for a live reality show next on heart breaks!

Time to Say BINGO!

‘Wango Pongo Ukaarungo’. Huh? Wondering what is it? Well this is the main line of the TV Commercial of the not so old snack food Bingo from ITC Foods Ltd. There should be no confusion in saying that the great combination of Bingo and its commercials has perhaps been the most mindless of ads shown on the TV this year. Probably this is what has made Bingo successfully capture 16% market share, making it second in the branded snack segment.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, July 07, 2008

Fools dare where angels...

Sensex crashes; rejoice...and start buying
In the recent past, everybody was hitting Dalal Street... and now, the street has hit back, scrapping off market capitalization in a way, which has not only left the investors in a tizzy, but also has the corporate sector in a fix. The Sensex has lost a mammoth 800 odd points since its July 24, 2007 levels of 15,794.92 and is currently trading at 15,011 (Aug 14, 2007). But this equity market meltdown hasn’t been an idiosyncrasy of India only. From Wall Street to Australia to China; you name it and almost all have made it ingloriously to the casualty list. The main issues seem to be global cues coming out from the US subprime woes and the consequent credit crunch. Interestingly, the situation ahead doesn’t look very encouraging. As Philippe d’Arvisenet, Group Chief Economist, BNP Paribas exclaimed to 4Ps B&M, “It is very difficult to say that this market correction is already over.

For Complete
IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Friday, July 04, 2008

He made the pug a familiar face in India’s living rooms; and helped Hutch reach the “pink” of health!

ASIM GHOSH... MD, Hutch
He made the pug a familiar face in India’s living rooms; and helped Hutch reach the “pink” of health!

Asim Ghosh, MD of Vodafone Essar has been in the news for the recent, much publicized $10.9 billion buyout of 52% stake in Hutch-Essar by the UK based telecommunications giant, Vodafone. Holding 4.7% stake in the revised shareholding structure of the telecom giant, Asim Ghosh has hit paydirt. The IT department’s inquisition on Ghosh’s stake apart, this astute professional has indeed come a long way in his corporate journey. An IIT, Delhi alumnus, he obtained an MBA from Wharton School, worked with brands like P&G and Rothmans International, before his homecoming in 1998 as MD of Hutchison Whampoa’s telecom joint venture in India. Ever since he has played a momentous role in steering India’s telecom revolution through a period of tremendous change, growth and development. To his credit, he has overseen the Hutch metamorphosis from a 140,000 users, onecity operation to that of a national operator with 18 million subscribers. No wonder even after the Vodafone buyout, Ghosh continues as CEO...

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist)

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Monday, June 23, 2008

Nokia gets a battering over faulty batteries

The BL-5C battery recall is not only costing Nokia a lot of money – it’s bound to have a negative impact on the image of the brand that enjoys an almost 70% share in the mobile handset market in India. (See the 4Ps B&M Cover Story on product recalls in this issue of the magazine) Almost six million complaints have been registered by Nokia in India; 5% of these will have to be replaced. Each battery costs around Rs.700 – or $17; in all, about Rs.210 million or $5.1 million is going to be spent by Nokia in India to replace the BL-5C batteries. Earlier, Nokia had committed to replace the BL-5C batteries worldwide, admitting that manufacturing defects were leading to overheating of the battery while charging. The defective batteries were manufactured by Japanese company Matsushita, between December 2005 and November 2006, and were used to power more than 50 Nokia models. Some experts feel that by offering to replace the batteries (before the matter got out of hand, that is!), Nokia has done good damage

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-

Wednesday, June 11, 2008

The long & short of it

So that was about the year bygone, what’s in store for the coming year. Coming back to the point of a possible turn in business cycle; what are the challenges that await India Inc. and what’s in store for individual investors in the coming financial year, considering that all hell has already broken lose, from inflation to rupee appreciation, dwindling stock markets to a slowdown in lending. While there a few sectors that have underperformed, there are some which have scored well. Sectors such as cement, banking and real estate, which have trailed Sensex in the past few months offer a good investment option for three to six months. All the sectors mentioned above are fundamentally strong, but have suffered because of inflation. Once price concern eases, which most analysts feel will happen soon; these are the sectors which will rally the most. The current valuations of banking, cement and real estate is significantly lower and are an attractive buy at the current moment. According to Shubhada Rao, Chief Economist, Yes Bank, “Higher inflation, inflationary expectations and elevated levels of monetary parameters prompted the RBI to tighten. Going forward, we believe that interest rates are likely to stabilise in Q1-FY08. With inflation expected to tread lower towards mid-May, pressure to tighten interest rates is likely to alleviate.” So banking could yet be a prize pick for the individual investors. Rajesh Agarwal of CD Equi search is of the view that one should also continue holding the cement counters. “I see the valuations to be attractive on the whole pack, lot of cement counters have corrected almost 50%. The companies came with good set of numbers, and with the kind of construction and real-estate boom we are witnessing in India, I don’t find any problem with the industry as such.” As the Sensex is slowly and steadily moving back towards initial highs, there are quite a few scrips that are still low at valuation. Go long on these sectors (stocks) in the shortest possible time and keep the show going!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Rashmi Bansal Publisher Of JAMMAG Magazine Caught Red-Handed, for details click on the following links:-