Placed third in the top 15 and leading the bandwagon of foreign ba
nks in India is Citibank. For years they continued targeting the niche segmen
t in India, but when in the late 90s government regulations eased, they went mass with a vengeance by launching their Suvidha account for the less affluent. Today, the global bank boasts o f presence through 39 branches and 404 ATMs, spread across 27 cities. A focused domestic strategy, including development of local products, has always been a part of Citibank’s Indian operations.
For Complete IIPM Article, Click on IIPM Article
nks in India is Citibank. For years they continued targeting the niche segmen
t in India, but when in the late 90s government regulations eased, they went mass with a vengeance by launching their Suvidha account for the less affluent. Today, the global bank boasts o f presence through 39 branches and 404 ATMs, spread across 27 cities. A focused domestic strategy, including development of local products, has always been a part of Citibank’s Indian operations.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
list of any SUV buyer, and it would surprise you to notice that the rational of a diesel engine, wheel locking and robust engineering do not really feature anywhere. So, wondering why on earth would someone buy a fuel guzzling mammoth when the same utilities can be experienced from lesser expensive alternatives? Suggests auto expert Hitesh Raj Bhagat, “Considering the fact that CRV is a soft-roader, consumers only want that false feeling of power while sitting higher than the others.” Goes on to say that SUV buyers still want a larger-than-life vehicle which exudes class; they are not finicky about the torque propulsion means, because they have no intentions to drive off road. Which is why, when Toyota launched the Prado in India, it preferred a petrol engine instead of a diesel one, and so did Suzuki with the XL7.
six is India’s biggest national bank, the State Bank of India, with a score of 69.5, and revenues totalling $13.7 billion (2005), while at number seven is Narayan Murthy’s Infosys Technologies that has a RepTrak Pulse Score of 69.36 and revenues amounting to $1.6 billion (2005). It’s not over as yet! At number eight, there is Mahindra & Mahindra with a score of 67.71, and revenues of $1.6 billion (2005). At number nine, there is Indian Oil, with a score of 65.51, and revenues of $29.64 billion (2005). The rear is brought up by Grasim that has a RepTrak Pulse Score of 64.13, and revenues of $1.61 billion.
International Airport Limited (GHIAL) has inked a deal with Singapore’s Accor Hotels to build a business hotel for the up coming Shamshabad airport in Hyderabad. As per the deal, GHIAL will construct the hotel (at a distance of just 2.7 kms from the airport) and its Singapore partner will take care of the operations, management and maintenance. The lease of the agreement is for a period of ten years (might be extended later) and the airport project is expected to take off by March 2008.
Australia Group Ltd. (IAG), the largest auto and home insurer in Australia, has its eyes set on the $25 billion motor insurance market in UK. It has agreed to buy UK’s fifth largest auto insurer, Equity Insurance Group for a sum of $1.1 billion. This will be the Australian comany’s third buyout in UK within a short span of just two months. The acquistion was spurred by a 3.6% drop in IAG’s premium in the second half of 2005, due to rivalry in the home market. IAG (second largest insurer in Australia by premium income) hopes to make up for its waning sales in the home market with this acquisition.
