Starbucks has pulled out its application for its India foray from the Foreign Investment Promotion Board (FIPB)

Starbucks is the third most high-profile retailer to suspend, if not drop, its India plans. The first was French retailer Carrefour, which stated that it’s putting its India plans on hold. Carrefour India, Managing Director, Gerard Freiszmuth had said a few months back, “We’ll not be in a position to announce any concrete India entry plan till policy issues on FDI in retail are made clear.” In June this year, Tesco, which had similar plans in mind, revealed that it would wait for changes in the retail FDI policies and then announce its India foray.

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Source: IIPM Editorial, 2006

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



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Third Front frivolities are damaging the image of president's office

By dragging President Kalam's name into the Presidential race, all they have been able to achieve is "discrediting the highest constitutional office in the country and sullying the image of an honest and capable President," said Union Minister, Priyaranjan Das Munshi to B&E.

It indeed is bad politics to drag the President into the race, when preparations for his last days in office are in full swing at the Rashtrapati Bhavan and other government offices connected with the final ceremony. If only our politicians would learn to indulge in value based politics and conduct their affairs in a dignified manner, rather than acting as 'king makers'. One may earnestly wish that one day they will realize that politics is more than being power hungry.

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Source: IIPM Editorial, 2006

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

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Asia Major

Turkey’s model of secular democracy and the fact that it is one of the few Islamic economies to achieve substantial economic growth, has attracted a lot of global interest. It has shift ed from an agriculture base economy to industry driven one & has been expanding strongly.

Ataturk (the first president) introduced reforms in phases (for large and sudden dose could kill the patient), laying foundation for further development & promoting the rise of civil society. Reforms in public-owned industries, public-private partnership led to impressive economic growth (9.8% in 2006). Tourism is again a big economic contributor.

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Source: IIPM Editorial, 2006

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

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

Rupee scales a record high...

The rupee surged up sharply against the US dollar and managed to touch a new nine-year high of 40.55/56 on fresh dollar selling, provoked by China’s decision to revise the Yuan as well as strong equity markets. The rupee started weak at 40.74/76 to a dollar at the interbank foreign exchange (forex) market, but managed to surge up to a fresh nine-year high of 40.55/56 to a dollar in late morning deals, however, it ended the day at 40.70/71 per dollar. Forex dealers opine that the rupee rallied sharply as anticipated in response to China’s decision to widen the trading band on the Yuan and to eventually raise domestic interest rates.

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Source: IIPM Editorial, 2006

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