‘EXPANSION’ IS IN THE AIR!

INDIAN SKIES OFFER MORE, BUT WILL THE BOOM LAST?
Today, the magic word for operators in Indian skies to achieve everything they aim for is ‘expansion’! Look at the manner in which almost every airline is on an aircraft buying spree, staking a claim to the ever-growing bunch of sectors and ferrying more and more passengers every year, and you get a whiff of what we are getting at. The latest to hop on to the expansion bandwagon are low-cost airline GoAir and the rejuvenated Air Sahara. GoAir has announced the commencement of fresh sectors with the addition of new aircrafts to its existing fleet, ruling out any equity or debt financing plans in the near future.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

INDO-SWEDISH RELATIONS

Interestingly India and Swedish trade relations date back to 1903, when Swedish giant Ericsson supplied its first switching systems to India. Since that time, both the countries have exchanged certain high level dialogues to boost the bilateral trade and investment. However, despite the fact that Sweden is the twelfth largest investor into India, the trade with Sweden forms a miniscule 0.6% ($1.18 billion) of India’s total trade in 2005. India’s exports to Sweden witnessed a 35% growth (reaching $326.39 million) in 2005-06, major export items being textile, leather, rubber articles and carpets. India’s imports from Sweden during the same period reached $1,172.20 million, a growth of 25% over the previous fiscal.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

THE ITALIAN JOB...

IT’S COMPETITIVENESS & NOT CONSOLIDATION THAT WILL HELP ITALIAN BANKS
Guess, what’s the similarity between Antonio Fazio, the erstwhile Governor of Banca d’Italia (Central Bank of Italy) and Mario Draghi, the present Governor? Well, they both share one common characteristic – protectionism. The ongoing consolidation buzz, which started on August 28 this year with Banca Intesa and Sanpaolo (the second and the third largest bank of Italy) announcing the €29.43 billion merger, is just a result of the prevailing protectionist mindset. The merger has surely brought in a sigh of relief for the Italian banking system that was under a shock after two mid-sized Italian banks, Banca Antonveneta and BNL, were taken over earlier this year by the non-Italian ABN Amro and BNP Paribas respectively.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

DESIGNING DIWALI ETHNICALLY

Whether its Navratra Dandia or adding oomph to Diwali draping, one needs the ethnic haute couture, and this year, it is again the traditional-wear which is eating away a bigger pie of the market. With 31% Indians buying designer clothes (according to an AC Nielson study), designers are also enjoying their day in the sun. Designer Raghavendra Rathore is banking on embroidery techniques from the old Gharanas. “We are planning a large collection for the festive season, which will focus on the old world look,” reiterates Rathore. Puneet Nanda is adding a western colour to ethnic embroidery for Diwali. “Diwali is the timewhen Indians look for lots of colour in ethnic dresses,” comments Nanda. Indeed, there will be a riot of colours on offer this season. And for those who’ve been procrastinating on a wardrobem change all year, there’s still time to get the good deed done. Miss out on this, and you’ll have only yourself to blame.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

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A FAIR DEAL FOR JOHN FAIRFAX

Australia’s second biggest newspaper publisher, John Fairfax Holdings, that mainly operates in New Zealand & Australia is making a comeback to the Asian market. The newspaper group has signed on the dotted line to purchase a string of seven magazines in Singapore, Malaysia & New Zealand from the International Data Group for an undisclosed amount. The deal will bestow Fairfax with licensing rights to the magazines’ content for the Asian zone. Fairfax also publishes Managing Information Systems (MIS) Asia & MIS New Zealand. In addition to the above, Fairfax will trade its MIS UK & rental list business Market Base to IDG.

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Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006