Complete the course

Even before he could complete the course, Promod landed himself a job at a California- based company, Emergent and was appointed as the Chief Operating Officer. The defining moment for Haque came when he ventured as a consultant in NVP in 1989 and later became the partner in the very next year.The globe’s numero uno dealmaker has a list of criteria for investing into an enterprise, “Firstly, we are interested in larger markets and we are not interested in smaller ones because it is hard to build larger businesses and we are interested in building larger businesses. Therefore, the size of the market, uniqueness of the product and the background of the entrepreneur are important. Also, it is important for an entrepreneur to have domain skills and management skills,” asserts Promod.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Operation Sunshine

For example, when in November 1996,Operation Sunshine was launched in West Bengal by the CPI(M) government, thousands of hawkers were removed from the streets of Kolkata and were “rehabilitated.” Basudeb Acharia, a CPI(M) leader, did claim to B&E, “The government helped shifting almost all the hawkers to the Go Park...” Sadly, the current state of Kolkata is proof enough of the success of the operation. CPI(M)’s Abdullakutty does assert, “The government panchayats and charitable organisations are working together to provide shelter and orphanages to these children.” Sir, don’t mind our criticism; it’s surely a great start!

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Merrill Lynch builds castles on ground

Merrill Lynch, one of the world’s leading financial advisory firms, has agreed to buy San Francisco-based First Republic Bank (FRB) for $1.18 billion. First Republic Bank caters to the financial needs of High Net worth Individual Individuals, & by acquiring it, Merrill Lynch will gain clients with an average net worth of $20 million. The deal values FRB at $55 per share, which is 44% more than its share price as on January 26. The bank has 43 branches and specialises in mortgages on luxury homes, giving Merrill more wealthy customers who may buy brokerage services.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Researchers

However, the researchers have not played the blame game yet for scientifically it’s a difficult task to pinpoint the precise premise for gynaecomastia. And as observational experiments continue, three flummoxed fellas will surely remember their premature passage from boys to men, nah... women, er... whatever!

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Increased Reliance

Increased reliance on bancassurance has created a win-win situation, as for banks it’s a source of income, and for insurance companies like HDFC Standard, sustainable clients. According to the latest figures of April-December 2006-07, private life insurers added some 3.9 million policies, while HDFC Standard Life underwroteover 2 lakh policies. That itself shows the stranglehold this firm has over the Indian insurance sector. Though in terms of actual premia, HDFC Standard Life managed to collect only Rs.7.45 billion out of the gross sectoral aggregate of Rs.77 billion, making it the fifth largest player with a market share of 9.5%.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Annual Salary hike

Companies that participated in the surveys forecast an annual salary hike of 12 per cent, resulting in real wage increase of 7 per cent, and this is the highest raise among the 45 countries surveyed. Not just India, large parts of Asia have jumped on to the bandwagon of bigger, better pays! The five highest real salary hikes this year are all expected in Asia: China, Indonesia, the Philippines and Thailand.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

High Momentum

The high momentum in these visits has resulted in a number of MoUs and pacts such as the COMESA (Com- mon Market of Eastern and Southern Africa) between the two countries to bolster trade. And most recently, on January 6, Indian Commerce and Industry Minister Kamal Nath and visiting Mauritius Minister of Foreign Affairs and International Trade, Madan Murlidhar Dulloo, discussed the proposed Comprehensive Economic Cooperation Partnership Agreement (CECPA) and ways to end the deadlock at the World Trade Organisation (WTO) in New Delhi. However, still the trade between the two is formidable, with India just exporting goods and services worth $199.43 million in 2005-2006 and soaking in Mauritian exports worth $7.33 million in return. But what’s interesting is the ever increasing numbers of Indian corporate setting up bases in Mauritius, which includes the Bank of Baroda, Life Insurance Corporation, Indian Oil Corporation, New India Assurance, State Bank of India International; to name a few.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Corruption In India

UNDP went a step further to claim that if corruption in India came down to the levels of the Scandinavian countries, the GDP growth would increase by 1.5% and not only that the FDI would jump by a minimum of 12%. Further the economy of annual bribery in India is estimated to be around Rs.210 billion! Governance in India then has to look incisively into these fundamentals to create changes for future of India. If ever economic reforms are to succeed in India, then structural changes are mandatory in these core sectors.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

OUT OF HOME (AD) VENTURE?

Marketers and advertisers are continuously on a prowl for innovative ways to reach out to their audiences, and in this scenario, dishing out a measly Rs.275 and having almost half a city glued on to your products, seems like an idea worth killing for. Flytech Media (an outdoor company based in Hyderabad) recently introduced five digital outdoor video walls in Hyderabad. Along with the razzle-dazzle that this medium of advertising brings, Flytech has a clear advantage in terms of pricing. “It is affordable, and hence, seems sustainable in India. It is much cheaper (at Rs.275) as compared to TV, where one spends lakhs of rupees for a ten seconds slot,” says Priti Nair Chakravarthy, Creative Director, Lowe. Planning to increase the number to thirty in the city in the near future, spreading out in the metros is also on the cards for Flytech. But all depends on the success of the project.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

'Must Haves'

Consider the ‘must haves’ 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.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

NOW CLICK ON BRICKS!

Now you can get to know about bricks and mortar – all with a few clicks on your mobile phone. Times Business Solutions’ real-estate portal, MagicBricks.com, has launched ‘Magic SMS’, a service that will allow mobile users to send SMS inquiries to real-estate developers, property sellers, buyers, agents, builders, developers and buyers – and get more details of properties that are listed on the portal (currently, the website has over 125,000 listed properties).

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Source : IIPM Editorial, 2007

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

The State Bank Of India

At number 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.

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

DESIRÉE

797 - 1,745,954 INR
Yes, that is a teddy bear – the cuddly stuffed toy that you once held onto at night. This teddy belongs to the 1906 era but darn inflation has gotten the better of it! On a serious note, now not-so-cute bear is actually a very rare Steiff bear that Christie's is auctioning. It originally belonged to a Frederick V. Chipman, Sr., a shoe shop owner who made this bear as a family heirloom. Its fantastic upkeep is the result of a strict order that the bear could be touched but not played with and that too only on Christmas or special days! Well, the strict great grandfather sure knew that discipline pays!

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Source : IIPM Editorial, 2007

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

Also Read:-
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Much Hyped N-Series
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Korean Telecom

SINGAPORE FL IES & SETTLES CLOSER HOME!

GMR Hyderabad 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.

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Source : IIPM Editorial, 2006

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

NOW AUSSIES GET INSURED IN UK

Insurance 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.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

Also Read:-
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IIPM Students Life > Campus Placement
About IIPM > Mission
http://pankajsir.42tales.com/

Group's Operations

However, the way he managed the group’s operations gave a clear message to his critics that he won’t let things pass away easily. Kumaramangalam brought in a new breeze in the organisation. He not only introduced stricter and new-age management concepts, but also restructured and streamlined the operations of the group. He changed the recruitment policy of the company, and instituted a retirement policy, which helped in bringing a much younger, energetic and dynamic workforce to the group companies. He also introduced new age management concepts and laid stress on empowering the group as a whole, rather than resting powers with individual companies.

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

WII WOOS THE GAMERS

For avid gaming enthusiasts, Christmas arrived well in advance with the launch of Nintendo Wii on November 17. Though, Microsoft ’s Xbox 360 & Sony Entertainment’s Playstation- 3 are already in the market, the launch of Wii is surely going to alter the dynamics of competition in the console gaming industry. While the competition enjoys a considerable lead over Wii, Nintendo is banking upon its base of loyal customers who swear by the motion sensibility of the console. With its motion sensitive controller representing a TV remote, Nintendo is better placed to be the most user friendly gaming console in the market.

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

Tourist and the Business Traveller

But that’s no solace for the tourist and the business traveller. This season, the occupancy rates (ORs) for premium hotels are well in excess of 75%. The hotel industry is sizzling to the beat of towering numbers generated by a booming economy. Just like occupancy rates, the revenue per available room (RevPAR) spiraled up by 30-45% for the half year ended September 2006 in contrast to the previous year. Average room rates (ARRs) too are witnessing a phenomenal rise. Bangalore witnessed highest ARRs leaving metros like Delhi and Mumbai behind on account of the IT/ITeS wave in the city. If you need a room in the IT capital for one day, you have to shell out in excess of Rs.12,000 per day, a rise of 25% as compared to a year earlier. Chennai and Hyderabad too experienced a swell of 30% in ARRs.

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

FRANKLIN TEMPLETON SPREADS ITS WINGS

On the road to become one of the few foreign asset management companies to own a 100% stake in the Indian mutual fund business, Franklin Templeton Investments has announced that it would buy out the 25% stake held by Hathway Investments of the Rajan Raheja Group of Companies in its joint venture in India – Franklin Templeton Asset Managemet India Private Limited (Franklin Templeton AMC). This acquisition, though, would be subject to regulatory approvals and execution of the agreement. Currently, Deutsche Asset Management Company and Fidelity India Fund Management are the other two wholly foreign AMCs operating in India.

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

Tata Steel's Rural Development Services

Sharing insider statistics, Shakti Sharma, the Head of Tata Steel’s Rural Development Services, reveals that Tata Steel still invests an enormous equivalent of 10% of profits after taxes on social initiatives! No doubt generations wish to work for Tata Steel. It’s still quite easy to find such employees who have had their forefathers over generations working with Tata Steel. And it’s not just easy picks like Sudha Murthy (Narayana Murthy’s wife), or southern cine star Madhavan’s father, both former employees with Tata Steel, that we’re talking about... We bump into Naveen Kumar Das, an MBA with Tata Steel, who drops jargon as if there is no tomorrow.

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

WHEN BEGGARS DIG GOLD

The modest initiative by Mohammad Yunus with the poor man’s bank has brought the sleepy nation to the limelight. Beginning in 1976, Mohammad Yunus’ out-of-the-box experiment with ‘Trust’ not only accrued rich dividends for those constituting the Bottom of the Pyramid in Bangladesh’s economy, but also revolutionised the concept of micro-credit. At present, Grameen Bank caters to the needs of 6.6 million poor Bangladeshis with an annual credit flow of $608 million (2005). Its emphasis on ‘trust’ (especially on women) rather than demand for ‘collateral’, made it accessible to the needy. This poor man’s bank stands at a repayment rate of 96-8%, a figure which is enough to make asset managers of several banks fume with jealousy. A new change is in the making.

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

FAMILIARITY BREEDS CONTEMPT

SUNCORP & PROMINA MUST ENSURE THEIR COMMON PRODUCTS DON’T SUFFER
Apparently Suncorp CEO, John Mulcahy, & Promina Chairman, John Story, share something more than just their first names – a common vision for a better future! It was this common vision that led to the merger of the two Australian financial heavyweights – Suncorp-Metway Limited (Suncorp) & Promina Group Limited (Promina), which was on October 23, 2006. The deal, valued at $6 billion, entails a complete buyout of Promina’s ordinary shares by Suncorp – valuing each Promina share at $5.88. And thus emerges the second largest general insurance body and sixth-largest banking firm in Australia and New Zealand with combined assets of $48.42 billion and an M-cap of $20 billion. Australian financial institutions are seeking such amalgamations to achiev scale.

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

Geo-Political History

The draft constitution provides the legal framework for a democratic political system. It has been stated in the First Article itself that the boundary of Bhutan is inviolable, an obvious rebuff to the Chinese. Incidentally, the Chinese soldiers marched into the Bhutanese territory on November 2005 on dubious pretext, and since then, have been building roads in those areas totally ignoring the Official Bhutanese protests. Increasing military garrison in the region can be read as another Chinese endeavour to do another ‘Tibet’ in the region. Unlike the power hungry counterparts in neighbouring Nepal, the monarchy here has been officially labeled as the ‘friend of the people’, meant to satisfy the genuine aspirations of people. These steady transitions, minus the usual ‘revolution’, has almost been an unheard thing in modern geo-political history. The world, indeed, needs to learn, even if from the tiny-tots in the international arena.

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

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French Revolution

Rousseau’s ‘Social Contract’ that stoked the French Revolution, Plato’s dreams of the ideal State in ‘The Republic’, Ayn Rand’s ideas of human motivation that are exclusively individual, or even the socially conscientious works of our very own Mahasweta Devi… whither are they to be read when kids can’t seem to wean themselves off blogs now. India is the ‘Guest of Honour Country’ at the Frankfurt fair, this year (See Box); IIM grad Chetan Bahgat indulges his love for writing with successful works of fiction; Anita Desai’s daughter Kiran Desai makes it to Man Booker shortlist… There is hope just enough so that you know it’s not right when Apple promotes its Notebook series with a tagline that says, “The only books you’ll need.” After all, you can’t dog ear a laptop yet…

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Thaksin

Thaksin has since then clung onto the seat of Prime Minister by his political gimmicks which have failed miserably to satisfy the public. The tactlessness in handling the insurgency in the South-Thailand further aggravated the situation. And finally, Thaksin’s interference in the public institutions while defying the Thai monarch resulted in this military coup. What Thailand now needs is not a dictatorial military regime, but peaceful democracy. However, unless the anti-corruption committee set by the new rulers successfully manages to eradicate corruption, democracy will find it hard to sustain.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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