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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INTRODUCTION
The Flavour Of The Season
GE Money takeovers Thai bank
Rite Aid acquires to aid its drug stores
The ‘State’ of affairs!
Robert Noyce and Gordon Moore
what might Syria want?

Expanding eyewear everywhere!

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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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Source : IIPM Editorial, 2006

Initiative :- An IIPM and Management Guru Professor Arindam Chaudhuri

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INTRODUCTION
The Flavour Of The Season
GE Money takeovers Thai bank
Rite Aid acquires to aid its drug stores
The ‘State’ of affairs!
Robert Noyce and Gordon Moore
what might Syria want?

DEFINING PARAMETERS

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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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Fair game?

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:

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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?!!?

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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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Fair game?
News At Work (continued alongside) : IIPM
IIPM Alliances
IIPM Academics : Global Outreach Program
IIPM : WHAT’S SECURITISATION?
IIPM Academics : Curriculum
Governments and policy makers have to act ...
IIPM Best B-School of India
Ms. ‘Write’ Woman
IIPM Academics : Curriculum
Service with a SMILE!
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