IIPM Release :- If not global warming...

IIPM MANAGEMENT INSTITUTE
The footprints of the damage are ubiquitous. Over the past 100 years, ‘Lewis Glacier’ – Kenya’s
largest glacier – has reduced to 10% of its actual size. Again, in Kenya, more than 10 million livestock has died, leaving almost 67% without any livelihood in the Turkana region as an aftereffect of the drought that started almost 3 years back. It is projected that the world famous Mount Kilmanjaro in Tanzania would be extinct in another decade as more than 80% of its ice has disappeared in the last 90 years, with almost 33% disappearing in the last decade itself. The same is true for Rwenzori Mountains, Uganda, where, since the last decade or so, the glacier area has reduced by almost 75%. In Nigeria too, crops are being wiped out on account of regular flooding in the Niger Delta.

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Source : IIPM Editorial, 2006

An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative

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UP politicians begin building fresh vote banks for ensuing polls

IIPM PUBLICATION
With assembly elections in Uttar Pradesh fast approaching, the battle royale is heating up. If one goes by the outcome of the recently concluded local polls in UP, then one cannot but anticipate another hung house in the assembly polls due next year. What’s interesting however is that despite accusations of large scale rigging, the ruling Samajwadi Party suffered major losses in those elections. The tactical abstention by the Bahujan Samaj Party in favour of ‘independent’ candidates as well as resentment in certain sections of party workers did the damage for Mulayam Singh.

For Bharatiya Janata Party, there is more than one reason to cheer. It was BJP’s first signify cant achievement after Rajnath Singh took over the reins of the party’s chariot. He was the first to credit the Rashtriya Swayamsevak Sangh (RSS) for the victory. BJP won 8 of the 12 mayoral seats, thus making a comeback after its disastrous performance in 2004 general elections.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

The Burmans are keeping entrepreneurship alive

IIPM MANAGEMENT INSTITUTE
Over a period of more than a century, they have stood tall amongst the competition, strengthening their position across all the segments of value chain. A venture started by S.K Burman – Dabur India is a classic example of how a company can sustain long by resorting to proper strategic management and succession planning. Though, manufacturing has always been Dabur’s strength but when it comes to marketing, Dabur has even pioneered this by identifying newer domains. Dabur also diversified into other domains with innovative strategies. In 2005, Dabur forayed into the home care segment by roping in Balsara, which very much matched with its time-honoured herbal flank. Even when the Burman’s decided to venture beyond the homely milieu, they tested the waters by jumping into a strategic partnership in 1992 with Spain based Agrolimen.

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Source : IIPM Editorial, 2006

Dean of IIPM :- Professor Arindam Chaudhuri (Renowned Management Guru and Economist)

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WARNING: CHINESE NOODLES POISONOUS!

IIPM PUBLICATION
Your cover article on Hu Jintao’s visit to India (B&E issue dated November 30, 2006) was really fantastic. I want to specially mention that you were the only publication that actually talked about the silence of the Dalai Lama and all along you have mentioned exactly how the Chinese are not to be trusted – and true it is! Why are we to trust them? They have always been too cunning for the silent Indians and even in the past have given importance to issues only based on how useful it proves to be for them. Its high time that we too start thinking about how relationships can be fruitful to only us rather than just initiate issues for the benefits of others. However, one thing that Indians should learn from the Chinese how trade is to be conducted.

Rani Chhatwal
New Delhi

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

In-film placements are surely a hit!

IIPM MANAGEMENT INSTITUTE
“An ad might not be noticed otherwise, but if it has Bollywood action, it gives it the ‘aha’ feel and eyeballs are almost sure,” strongly advocates an advertising professional. Sooraj Barjatya, Director of ‘Vivah’, on the other hand, talks of how films benefit from such associations. He told a publication that D’damas “has come in as a media partner and enabled us to promote Vivah on TV as well as print. It’s a win-win situation for both.”

Considered as one of the strictly followed religions in India, Bollywood certainly seems to have become the latest ad tool of corporate India.

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

Telly talismans to better health? ‘Remote’ are the possibilities!

IIPM PUBLICATION
Couch potatoes inclined to shopping at the flick of a button would do well to rechristen themselves ‘ouch’ potatoes instead. That’s because they can’t lounge around and say “sofa, so good” any more. After all, the digital life is by no means entirely the good life, as shopaholics punch drunk on the prospect of lapping up products offering grandiose promises of fitness via the idiot box have discovered, much to their chagrin.

The buzz of snaring a bargain buy at reduced prices from teleshopping channels is only a pyrrhic victory, for customers egged on by their illusion (or delusion, if you would!) find themselves dealing with more than they hankered for. Take, for instance, an abdominal belt peddled by a ubiquitous network that (supposedly) helps you whip that beer belly into shape. But actually, besides helping you burn (an infinitesimal amount of) calories, it also sears a crater into the wallet and, at times, into unsuspecting victims themselves. These wanton weapons of mass (know pun intended!) mayhem have kindred souls in other creative contraptions such as a sauna belt (say what?!), a stationary morning walker(!) and a magnetic eye patch (the marvels of modern technology... Einstein would be proud!)

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

TN can’t afford Karunanidhi’s ludicrous freebie offers to voters

IIPM MANAGEMENT INSTITUTE
People sneered at DMK leader M. Karunanidhi’s promise of a colour television for every below poverty line (BPL) family during the Tamil Nadu assembly elections. Karunanidhi won handsomely, became the Chief Minister, started distributing TVs and making more promises. It sounded ridiculous! Why should somebody, who has just been voted as the Chief Minister, make further promises like free LPG connections, two acres land free and rice at Rs.2 per kg to all BPL families? Actually, we shouldn’t even have asked the question... the local elections were round the corner, and the ruling DMK-PMK alliance, quite expectedly, landed with a bigger victory against the duo of Jayalalitha and her foe-turned friend, Vaiko.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

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The merger of CME and CBOT creates compelling synergies for shareholders and futures traders

IIPM PUBLICATION
They were like estranged brothers, like opposite banks of a river that would never meet. Not surprisingly though, there was a feeling among their stakeholders that Chicago Board Of Trade (CBOT) and Chicago Mercantile Exchange (CME) – Chicago’s legacy commodity exchanges that have symbolized tremendous riches and misfortune to Chicago residents – were only delaying the inevitable. And the inevitable happened on October 17, when CBOT was taken over by CME for a whopping $8 billion to form the CME Group Inc. CBOT shareholders get 0.3006 CME shares per share of CBOT. Post merger, the CME Group, a $25 billion entity, will be the world’s largest commodity exchange in terms of market capitalization and the largest derivatives exchange with a combined volume of 1,444 million (2005 figures) futures contracts.

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

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B&E this fortnight

IIPM MANAGEMENT INSTITUTE
Though Sony executives apologised for the inconvenience caused due to the shameful mass-scale battery recall, the company also made it very clear that no one would resign from amongst the top management of the company with an added assurance that all possible measures have been taken to rectify the problem. The faulty batch of laptop batteries, manufactured between August 2003 and February 2006, are being recalled worldwide after reports of some laptops using the Sony battery packs overheating and bursting into flames came to surface. Declining bottom-line has already weakened CEO Howard Stringer’s plan to rebuild the brand’s iconic status, and such incidents only help but tarnish it to the point of no repair!

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

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Commodities, which looked more than promising, are facing hard times; but things may not remain the same

IIPM PUBLICATION
One might argue that with Dow Jones Industrial Index testing its all time high, Amaranth – which fell prey to it’s over exposure in commodities – should have done a better job. But then, wasn’t everybody gung ho about commodities? Wasn’t the Chinese boom supposed to last a bit longer? Wasn’t gold supposed to embellish portfolios for years to come? Well, of late, and to the surprise of many, the commodity juggernaut has slipped off its axis and has sparked doubts over the sustainability of commodities.

The Reuters/Jefferies CRB (Commodities Research Bureau) Index, one of the most credible commodity indexes, changed its course and sank through the up-trend line for the first time since this Bull Run took off almost half a decade back. The total returns for Reuters/Jeffries CRB Index (see chart) has taken a nosedive, contrary to what we have seen in recent past. Commodity prices are now 15% off their highs and are trading 5% below the last year levels.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Laws for in-laws

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Destruction more than protection
Though the unholy nexus between the marriage and money flourish with aplomb in India, the punitive laws for protecting women have failed on many dimensions. While the horrific numbers of annual dowry deaths continue to climb (NCRB records 6,000 annual dowry deaths), another dimension of terrible misuse of the law is taking its toll. Supreme Court of India named this malaise as ‘legal terrorism’ where Section 498 (a) of the IPC is being maliciously used. Given the stringent nature of the law, the trend is increasing where groom’s family is wrongfully harassed by many unscrupulous women. It has been reported that most of the time almost all of the husband’s family that including elderly grandparents, disabled individuals and even young children have been incarcerated in this. There are estimated 40,000 dowry related cases in courts across India, with an implication of around 5 members of a family in each cases, the cases have led to jailing of about 200,000 people in most cases as undertrials.

While it is nobody’s case that women should not be given protection, but there should be a national debate on the cruelty perpetrated by the weaker sex against male population as well. Dowry act in the present format remains loaded against the virtues of equality of law which needs correction as much as anything.

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

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Expanding eyewear everywhere!

IIPM PUBLICATION
A $100 million investment and three acquisitions in just two years, that’s been the success story of Italian eyewear maker, Luxottica in China. Its latest achievement includes opening of Lens Crafters store in Beijing. In 2003 Luxottica had bought 70 optical stores in Hong Kong. China’s announcement allowing foreign firms to own 100% in retail in January 2005, gave a boost to the eyewear giant’s growth there. Luxottica now owns 270 stores collectively in China & Hong Kong.

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Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

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DEFINING PARAMETERS

IIPM MANAGEMENT INSTITUTE
CASH EPS - It is the ratio of cash generated from operating activities to number of outstanding shares.

OUTSTANDING SHARES - Number of total shares excluding shares held by the promoters that have been publicly issued.

ADJUSTED RETURN ON CAPITAL EMPLOYED (ROCE) - It is the ratio of Profit After Tax (PAT) to gross capital employed after adjustments.

ADJUSTED CAPITAL EMPLOYED - Total funds utilised, excluding short-term liabilities, but including long-term debt.

RETURN ON ASSETS - Ratio of PAT to total assets.

MARKET CAPITALISATION - Total fl oat, that is, market price per share multiplied by the total number of shares issued.

DIVIDEND YIELD - Ratio of dividend per share to market price of the share.

LIMITATIONS - Since the data considers only listed companies for which the data was available, the ranking doesn’t consider companies like Coca Cola, Pepsi, LG, Samsung, GE, Citibank, which are obviously highly active in the Indian market, but whose India-specific financial details were either not publicly available or the corporations themselves refused to disclose the same. Even some companies from emerging sectors like aviation, real estate, retail et al did not feature in the final list because their representation at the Indian bourses is minimal...

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

Equipped with apt marketing strategies and seven factories, Nestlé India, the subsidiary of Swiss based Nestlé, the buoyancy remains unlocked

IIPM PUBLICATION
However, when it comes to nutrition and infant food, to operate in the homely milieu, the behemoth has, unlike other MNCs, bet big by paying heed to renovation that matches with ongoing research on child diet. This was palpable when they re-launched Lactogen in the year 2006 to provide the essentials required for an Indian child. The company has recently commissioned its seventh factory in India in the state of Uttaranchal.

The first mover’s advantage, coupled with effective marketing strategies, has enabled Nestlé to maintain a healthy standing in India. In its own inimitable style, Nestlé India remains an outstanding value creator and stands 3rd in our B&E Power 100 rankings for the FMCG sector.

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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

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Rockets locked at Lockheed

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Lockheed Martin Corp. that engages in aeronautics, electronic systems, IT Services and space systems, has decided to downsize its commercial space business. It now wants to concentrate on greater profit yielding government space projects. This decision will narrow down options for companies that are willing to purchase or launch satellites. Lockheed also plans to sell its stake in two Russian rocketlaunch joint ventures to concentrate on Pentagon space programs.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Methodology:

IIPM PUBLICATION
The research was divided into two phases. In the initial phase, a list of 35 IT companies from various secondary sources (including the NASSCOM directory) was prepared. The main selection criteria was growth of the respective companies in the last 2 years.

The second and final phase of the study, primarily took into account the consolidated revenues generated by respective companies in the year (Financial Year) 2005-2006 (data sourced from annual reports of respective companies). Total employee cost was also taken into account to finalize the list. Since most MNC’s refrained from declaring the revenue generated by their Indian subsidiary (as per their company policy and/or confidentiality), MNC’s with Indian subsidiaries have not been covered under the purview of this study. Only IT companies of Indian origin with a minimum of 2 years of operations were considered in this final phase.

All the short-listed companies were contacted telephonically/via e-mail for required data, such as annual revenues, total number of employees, et al. Special mention here on the figures taken to depict the total number of employees in given organizations: the number of employees have been arrived at based on figures for the FY 2005-06 or the 12 months ended period (as similar to total revenue generated). Wherever consolidated revenue figures were not available, cumulative quarterly results have been taken into account. On that note, here are the top 20 in the IT companies countdown, and the 4Ps B&M’s take...

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

Hey! India’s goin’ places…

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... and keeping tourists on their toes!
By the time you’ll be reading this piece, the World Tourism Day on September 27 would be behind us. India’s geographical and cultural diversity – from the spotless snow-topped summits, verdant emerald woods, infinite waters to sun-kissed beaches – has today managed to capture the global imagination with its picturesque grandeur! No wonder we stand fourth in the list of ‘most attractive destinations in the world’, in the Conde Nast Readers’ Travel Awards, 2006.

The Ministry of Tourism declares that India’s share in world tourism is expected to increase by 0.1%. In fact, the number of international travellers in India has grown by 11.4% in the last year! Thanks partly to the keen global marketing of brand India, combined with the vivacious ‘Incredible India’ campaign, Indian tourism is going places.

Moreover, of late, there has been a perceptible change in the vacationing drift of both international & domestic visitors, who’ve shown a proclivity for adventure sports – an industry that witnesses 2 million adventure addicts every year. Add to that the terrific terrains, plus the exhaustive range of wildlife sojourns in India, and you have a sure shot winner. Says Belinda Wright, the famous tiger conservationalist: “Tigers are the 2nd most important factor for any tourist to visit India and we’re lucky to have 500 of them!” Of course, rising air connectivity and hospitality infrastructure development have pulled Indian tourism further up the rope. But No.4? Nay… yeh dil maange much more!

Edit bureau: Pooja Priyadarshini

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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How on earth could you foot the bill for his favourite coffee?!!?

IIPM PUBLICATION
Clearly, if you are dark, you are a burden to your family, and your father feels cursed, for how on earth could you foot the bill for his favourite coffee?!!? You however have the option of using the fairness cream to change the fortunes of your family and make them proud of you. How ridiculous is that! Whatever happened to the good old attributes of education and hard work, which were the prerequisites of success. Is it true then that parameters of success are different for men and different for women?

Years ago, Vicco Turmeric cream showed how it was really important to look fair on your wedding day – for that was the only attribute for a girl. Even after so many years, the ‘Snow White syndrome’ has not left us. Rather, it’s gained stronger and larger proportions. These advertisements have taken our obsession with fairness to greater heights.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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The Maruti Way…

IIPM MANAGEMENT INSTITUTE
Who should be the topper in customer satisfaction in the auto segment? General Motors, the world’s largest automaker? Or Ford, or Toyota, which are competing on the world’s second largest automaker position? No, sir! Though multinationals are known for their quality orientation and standards, it is no MNC that provides the best of service to customers. It’s our very own, very desi Maruti!

Undisputedly, every Maruti car owner would agree with the statement (of course, exceptions are always there!) that the company provides excellent customer care. In fact, among the many market share leaders across various segments, Maruti is one of the few which also ranks top in its Customer Satisfaction Index.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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A bird in hand…

IIPM PUBLICATION
Who hasn’t heard of Bird Flu? Or of the havoc it caused in Southeast Asia (including several parts of India) circa 2004-05. The WHO cautions that the human race, stands vulnerable to an influenza pandemic in the next few years or so. As a result, the Regional Office of South Asia (ROSA) of the United Nations Children’s Fund (UNICEF) recently called for a pitch to create awareness of the dreaded avian flu via an effectual missive. And Brand Therapist, Mudra’s dedicated unit in the health and lifestyle segment has emerged victor of the creative duties. “It’s a great opportunity for us,” beams Soumitra Sen, President, Brand Therapist, “as seldom has any Indian agency been in the fray for such accounts; therefore, it’s a great prospect as the communiqué will not just be limited to India, but several other countries like Afghanistan, Pakistan, Nepal, Bhutan, Bangladesh, Sri Lanka and Maldives.”

Intended towards curbing the catastrophe in Southeast Asia, the adverts will be divided into three sets of films. While the first set will aim at avoiding the plague (like the plague!), the tail-ending campaigns will remain sheltered in the cans till there is, heaven forbid, an actual outbreak of the flu. And Mudra, for one, is not chickening out from venturing into a world of flues, viruses and pandemic!

Edit bureau: Shashank Shekhar

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Time to talk

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It takes two to tango, they say – and that’s precisely what Nokia and Reliance Communications plan to do, together. The world’s largest cellphone manufacturer (that’s Nokia for you!) has joined hands with Reliance to market the Nokia 1255 mobile handset – for a package deal (handset plus connection that is) for all of Rs 1,999. This is also Nokia’s first offer of a CDMA handset in the less than Rs 2,000 range. The reason behind the new strategy is old hat: a good way to eat into the ever-growing telecom market in India, by giving a great value-formoney deal. To make things “look” even better, the handset (Nokia 1255) is a sleek piece of mobile machine that includes a host of features like two-way hands-free speakerphone, voice recorder & even a calendar with an alarm clock. Cool, ain’t it?

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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THE LAST FRONTIER : WATER TRANSPORT AND INDIAN PORTS

IIPM PUBLICATION
The Singapore and Hong Kong ports alone handle more traffic and freight than all the Indian ports put together. That just about sums up the bitter reality of water transport in India. Says A. R. Ramakrishnan, CEO, Essar Shipping Ltd, “Extensive dredging work... both capital and maintenance... need to be undertaken on an urgent basis to enhance drafts and allow bigger vessels to berth at ports.” As India intensifies the process of integration with the global economy and relies on trade to drive growth, ports will be a critical link in the chain. At the moment, Indian ports are managed by the State and are quite obsolete and inefficient. India will be increasingly relying on modern ports to import oil, gas, heavy capital equipment and machinery to feed the industrial resurgence that is visible over the last few years. For example, the 15 million tonne steel project being implemented by POSCO in the state of Orissa would collapse without a modern port that can handle the massive traffic that will be generated.

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Not Singh’ing a swan song ever!

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Earlier, he announced implementing quotas for backward communities in higher educational institutions like AIIMS, IITs and IIMs. The jinn was out of the bottle. Angry students broke into agitation, with many damaging government property. Even doctors proceeded on strike. The Congress-led government was horrified at the prospect of losing its upper caste vote bank. Caught between the devil and the deep sea, it was forced to institute the Veerappa Moily Committee to suggest ways for implementation the quota in a phased manner. The students’ agitation lost its sting, but Arjun embellished his pro-backward credentials.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Dressed to kill in style

IIPM PUBLICATION
Arvind Brands, the wholly owned subsidiary of Arvind Mills, has forged a joint venture (JV) with USbased VF Corporation. The new JV entity has been named as VF Arvind Brands, with VF holding 60% stake at $33 million, while the remaining stake will be with Arvind Brands. While the designing, sourcing and marketing of brands of VF, which includes Lee, Wrangler, Nautical, Jansport & Kipling, will now be done by VF Arvind Brands, the retailing and store infrastructures will be taken care of by Arvind Brands.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Coffee, Tea & me
New dia’tribes
Disaster Ministry
Reduce T&D for more productivity!
MR. BEAN WAS NEVER THIS GOOD
Global acquisitions made by Tata Tea

BOOK EXTRACT

IIPM MANAGEMENT INSTITUTE
I have come to think of the impact of my brother’s death in dramatic terms: a curtain dropping on my youth, a terrible storm that left me shipwrecked, the start of a new life. But this language came much later. Events unfolded in a much more everyday way: The phone rang and my father, home early from work, answered it. A sales agent from the airline said she might have some unfortunate news about a David Dornstein. Is this the family of David Dornstein? The agent said she needed to check the final passenger list. She said she needed to cross-reference one thing with another. She said she needed to speak with her supervisor. She said she needed to get people in London or Scotland or New York or somewhere to “sign off.” She said things were still a little confused. So could you please bear with us?

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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The Diwali range (of Barista) will be targeted at the upmarket or premium class

IIPM PUBLICATION
Lured by the vast potential of the watches market, textile major Arvind Brands has recently forayed into this market by roping in Nautica and this season plans to launch as much as 22 ranges. And to introduce Nautica to the consumers, the company plans to make use of the Timex showrooms. “Diwali shopping is done mostly from popular malls and markets of the city and Timex has their showrooms almost in the every main markets of every city,” reiterates Sumeet Yadav, VP, Arvind Brands.

French hospitality seems to be flavour of the season this Diwali. Confused? Well, for starters, French fashion house Christian Dior, which recently entered the Indian soil is adding some extra flavour this Diwali. “Diwali is a season for people to shop and spend, this is when our merchandise becomes wider and we have a very good collection for the festive time,” assures Kalian Chula, the group’s brand ambassador. French perfume brand Canali has launched its brand of fragrances in India on August 17.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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It’s time to end that pretty old sibling rivalry

IIPM MANAGEMENT INSTITUTE

Sales and marketing teams need to shape the ‘go-to market’ strategy together
As a rule, marketing and sales are separate functions within an organisation, and when they do work together, they don’t always get along. While sales departments tend to believe that marketers are out of touch with what’s really going on with customers, marketing believes the sales force is too focused on individual customer experiences and insufficiently aware of the larger market.

During our research and consulting assignments, we’ve seen both groups stumble (and organisations suffer) because they were out of sync. We conducted a study to identify best practices that could help enhance the joint performance and overall contributions of these two functions. We found that companies can take practical steps to move the two functions into a more productive relationship once they’ve established where the groups are starting from.

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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How many more to be raped…
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Coca Cola’s ‘thanda’ plank is the trump card to emerge victorious in the Cola war!

IIPM BUSINESS & ECONOMY
‘Thanda Matlab Coca Cola’ to ‘Sar Utha Ke Piyo’, ‘Thanda’ is seems to be the magic chant for Coke! While in their latest ‘Thande Ka Tadka’ avtaar, the usual suspects (celebrities like Aamir and Aishwarya and substantive does of oomph) have a more than tangible presence, Coca Cola has been able to showcase great marketing wizardry so far as winning the ‘localization’ war is concerned. While Aishwarya sardonic ally tackles the taporis ( loafers) with her Coke bottle in tow, Aamir reinforces his prowess at dexterity yet again, assuming the garb of a supposed-Japanese tourist. As is the case, rarely, if ever, does he fail to live up to audience expectations. Pretending to be a Japanese tourist, Aamir fools the restaurant staff, who are in turn on a mission to con him and extract as much out of his bill as possible. But he leaves them zapped by telling them that he is not a foreigner, but a photographer mauled by honeybees while shooting (the average viewer would never have discerned the twist in the yarn unless told!)!

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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You’re never bored with a Virgin!

IIPM PUBLICATION
The flamboyant Richard Branson’s Virgin Atlantic is widely known as the airline that changed the face of air travel the world over. There were in-flight movies, masseurs and meditation programmes to beat the boredom that comes as a given with long-distance hauls. Now, the ever innovative London-based Virgin has come out with a new plan to beat flying blues: it plans to introduce the world’s first inflight texting service that is going to allow passengers to have any kind of questions that they may have in mind answered on any topic at 35,000 feet above sea level! This is part of the global scramble to rise above the clutter in the aviation sector, and be a pick-me-up!

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Source :- IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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Wine Wonder, Down Under…
The findings are shocking
Social Revolution' or 'Capitalist Carnival'?
New IT Park to come up in Jaipur
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EAT, DRINK AND STAY HEALTHY
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The name is bond... just bond!

IIPM MANAGEMENT INSTITUTE
Though we are surprised by the extent of these gains ahead of supply and amidst accelerating inflation pressures, investors seem confident the Fed will indeed keep price pressures in check. Additionally, though Treasury officials indicated that they will go to a regular quarterly cycle of bond sales in 2007 – which will increase liquidity in the new issue – the paper is expected to be readily gobbled up by pension funds.” The fact, as Kim Rupert strongly supports, is that increasing issuance of corporate debt will mean ongoing demand for Treasuries as a hedging vehicle. Meanwhile, overseas investors, particularly Asian accounts, have been showing a solid appetite for Treasuries, given the wide yield differentials. Strangely, it is the rise in geopolitical risk that perhaps is actually ensuring that bonds, especially Treasuries, will have a stronger place in nearly every portfolio.

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Harmful Chemicals In Soft Drinks
The last couple of years did not prove to be too pleasant for him
US exposing double standards again, not sparing even the poorest countries
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Everybody’s wrong; US is ‘wrongest’!
Hey, Check(me)out at Google!
Ambani Wars-Part - II
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Triggering the War

India’s trade portfolio

IIPM BUSINESS & ECONOMY
During his speech after the failure of the Doha round, Pascal Lamy uttered the requiem, “Today, there are only losers...” One could perhaps remind Mr. Lamy that if “losing” means ensuring that the country’s trade is not compromised, then India should be the proudest loser this side of the Atlantic. “While we target new avenues, the domestic market and internal reforms should not be neglected,” supports Biplov Choudhary. In the same way as implementing one strategy blindly would not work across the world, having faith in an institution like WTO, which attempts to get everybody on the boat before capsizing, is clearly illogical. The WTO was dead the day it was formed; thank god we realized it sooner than never.

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Source :- IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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The US policy could have a more sinister agenda of pitting the poor countries against each other

IIPM PUBLICATION
AGOA had a sunset clause, but if the duty-free access becomes permanent for less developed countries in Africa – as stipulated in Hong Kong – then poor Asian countries will continue to lose US market share. The WTO is supposed to prevent such agreements, but so far no case has been successfully brought.

Even if America succeeds in dividing the developing countries, however, it may inspire a degree of unity elsewhere. Both those committed to trade liberalization within a multilateral system and those committed to helping developing countries will look at America’s new strategy with abhorrence.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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Bharat Matrimony finds its own match

IIPM IS A BEST MBA INSTITUTE
Yahoo! Inc. and venture investor Canaan Partners have invested $8.65 million in the country’s leading matrimony service provider Bharat Matrimony. com Pvt. Ltd. The new partners will have representatives in the board of the company. Bharat Matrimony boasts of 7.5 million registered members and offers its content in six Indian languages. The portal has very ambitious expansion plans that include offerring content in two more languages, increasing its headcount to 700 and also making a foray in the global personals space. It would also increase its centres across the country from 38 to over 300 by 2008.

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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri

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