Showing posts with label Guru economist. Show all posts
Showing posts with label Guru economist. Show all posts

Monday, September 29, 2008

Full marks for this Marxist

Under Sarkar's able chief ministership Tripura has seen its first dose of foreign funding

Communists have a way of working around their communism occasionally to get capitalist cash into their state: and when they succeed, they become chief ministers, and stay there. For Manik Sarkar, that has meant a third term in a far-flung state where even central funding was a problem; under Sarkar the state has now seen its first funding from abroad.

Just now, as the man gets comfortable in the chief minister’s chair, one that has been his for more than 10 years now, his list of achievements is something to write home about: a steady decline in insurgency, increase in private investment, remarkable improvement in the higher education sector, successful implementation of public-private partnership model... the list, as his supporters like to point out, is long. Given the politician’s prized cake of continuity, Sarkar’s government is viewing natural gas, bamboo and natural rubber as the three main opportunity sectors in the state. To Sarkar, though, it is his government’s success on the insurgency front that is the most important of all. "With the two-and-a-half-decade-old militancy showing signs of abating, countries such as China, Japan, Germany, Thailand & Bangladesh, not to mention Indian investors, have shown interest in Tripura," he told B&E. Sarkar has also been advocating the linking of the East-West corridor through Tripura. “Tripura has 44 km long border with Assam in the plains area, and a 865 km border with Bangladesh. The state can really become the gateway for the North-east to South- east Asia.” ...Continue

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Monday, September 22, 2008

Thank God, I managed to pass!

Although the real impact of the US slowdown is yet to be felt, India Inc. is facing the brunt in advance
Perhaps ‘slowdown’ is the most talked about word since we entered the year 2008. Raison d’ĂȘtre, the present state of the US economy! While the world is going apprehensive over a probable recession in the US and its impact on the world economy, the word slowly and quietly seems to associate itself with India Inc. A closer look at its Q3 report card confirms the same.

After a superb show for quite sometime now, India Inc.’s profitability seems to be on a downward slope for the third quarter of the financial year 2007-08. As per the results announced so far (2,024 companies as on February 4, 2008) aggregate gross sales of India Inc. stand at Rs.5.49 trillion as compared to Rs.4.75 trillion for the same period in the previous fiscal, registering 15.5% growth. Indeed way below the 28% growth recorded during Q3 FY 2006-07. However, the worst is when you consider the reported profit after tax growth figures, which have come down to 27% to reach Rs.704 billion from a high of more than 50% in Q3, 2006-07. So who is to be blamed?

“Rising input prices are the culprit,” reasons R. K. Gupta, MD, Taurus Mutual Fund. According to him, “Prices of raw materials have gone up during last half year or so. But due to the market competition, companies are failing to pass it to consumers. As a result their bottom line is getting affected.” A further analysis of profitability reveals that the growth story dips further (to 24%) if one doesn’t considers India Inc.’s ‘other incomes’, which would perhaps be injustice as other incomes is one area that India Inc. would gloat over; after all it has gone up by a whopping 77.5%. But then, what about the volatility in the share market? Isn’t this decline in growth going to affect it further? “Markets will definitely react to Q3 earnings, but they will be more interested in the future earnings due to the fact that better earning prospects will continue to lure investors, despite a poor previous quarter earning acting as a caution,” says an optimistic K. K. Mittal, Fund Manager, Escorts Mutual Fund. However, one thing is for sure – the current Q3 results will not help much in eliminating the ongoing volatile phase in the market.
Though the sector-wise results – barring a few like banking and oil & gas – are not very encouraging, analysts are still upbeat on a few sectors like pharma and metals. Commenting on Q3 performance of pharma sector, Sarabjit Kour Nagra, VP Research, Angel Broking says, “Barring Dr Reddy’s (34% fall in gross sales), the numbers are in line with industry expectations.” During the quarter under consideration, pharma companies have managed a PAT growth of 22%; and as per many analysts, this is the end of the lean phase for the industry. Affirms Ramesh Adige, Executive Director, Global Corporate Affairs & Communications, Ranbaxy, “The next three years will see a strong global generics market opportunity unfold with an estimated $60-70 billion worth of branded products expected to go off patent. This will provide significant opportunities to global generics companies like Ranbaxy to offer word class generic drugs at comparatively lower price.”

vely lower price.” While the performance of almost all the sectors has come under scrutiny, banking is one, which has performed quite well. It had a good time during the last quarter with both credits and deposits growing steadily. Affirms Chanda Kochhar, Deputy MD, ICICI Bank, “The growth in profits has been robust on account of a rise in advances and improvement in margins.” Despite the fact that the pressure on net interest margin continued throughout the quarter, the sector emerged as the best in terms of net profit growth due to many reasons like strong treasury gains and reduced provisions. The sector’s outlook also remains positive for the coming quarter. “The trend that was observed during the quarter is expected to continue and the future outlook for the sector – especially for the banks in Tier I and Tier II cities – is very optimistic,” prophesies Manisha Porwal, Research Analyst, Arihant Capital.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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Saturday, September 20, 2008

The moditva model

His development model was based on convincing the people about the benefits of his schemes. By priyanka rai
Narendra Modi looks beyond the immediate gratification for the purpose of getting votes. He aims at multi-dimensional development of Gujarat in the long-term. The vision, concept and implementation of such programmes make him a wily politician who thinks of the next generation in the backdrop of the next elections.

Everyone said that you may not win the elections. Everyone, including the RSS, VHP, some of your own party men, didn’t support you. But still, you won with a huge margin. What do you think helped you win again?

Not for a moment did I feel that I was losing. People did their analysis based on various factors, but they failed to check out the hearts of Gujarati people. Your analysis of any election will come true when you will give the maximum numbers to what the voters want, and not the other factors. I expected the Opposition to say that we were losing, but I did not expect such analysis from people who are supposed to stay neutral.

People say if you hadn’t blended development with Hindutva and a bit of communal flavour, you would have lost the elections?

The Election Commission has the CD of the speeches I delivered during the election campaign. And if my speeches were communal, I am ready to declare that I have lost the elections on moral grounds.

But you did use issues like Ram Setu, a two rupee coin with a sign similar to a cross, and the death of Sohrabuddin?

You call it communal? Communal means if I speak against a community or a religion. If I ask for a common civil court, how is it communal? If I talk about terrorism, how is it communal? This means people who call it communal are of a perverted mind.
What are the secrets behind you governance model?

Firstly, one must come up with a scheme that will benefit the masses. Secondly, we must see that there is a road map for the scheme, how one is going to implement it. Thirdly, one must have the resources like human resources, technology and finance. People must have faith in your project. For instance, when I introduced the Sujalam Suflam Project, I personally went to the villages, met farmers, gave them a presentation, and convinced them. Within seven days, the farmers gave us the land for the 400 km canal.

In the past, you had mentioned that any CM must get three chances, or 15 years to work properly in a state. This is your third term, so do we get to see a fully developed Gujarat after five years?

After five years, I will complete 12 years. So, I am still left with three more years (laughs). What I meant was that in the first five years, we should compare any government with the previous one. In the next five years, we should evaluate how much work has actually been done. In the last stage, we should see whether the government has managed to fulfil the expectations of the people.

So, will a lot of work get over in next five years in Gujarat?

See, for instance, we have the girl child education programme. But even after 60 years of independence, we have only 60% enrolment, out of which the drop out rate is 49%. What can be worse than a situation like this? Now, I have got enrolment up to 60% and brought the drop out to 3%. But if the previous governments would have taken care of this problem earlier, I would have had enough time to bring qualitative changes required in primary education. So, there is so much of pending work that I have to do.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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IIPM to come up at Rajarhat
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The Hindu : Education Plus : Honour for IIPM
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IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Tuesday, September 02, 2008

Unauthorised construction inside the fort

Rama blamed the authorities of negligence which allowed unauthorised construction inside the fort. And she insisted that a recent remark by Lonely Planet (travel guidebook), as a prime factor that led to reduction in tourism in 2007. Overhearing our conversation, Samantha, a British tourist sitting on the table next to us explained, “Lonely Planet only says not to stay inside the fort for it may contribute to the destruction of the fort which must necessarily be preserved.”

While to some, the fort is a source of livelihood, to many it is their home. Low, wooden roofs to keep cool in summers and warm in winters are a part of an ancient architectural design that has largely remained unchanged over generations. However, amenities have been added to make living easier. The Jain residences is perhaps the most beautiful and well-preserved houses in the fort and therefore the most popular.

What is truly wondrous isn’t inside the houses though but the masterpieces on the exteriors of the houses – beautifully preserved animated wood carvings. Santosh Purohit, actively involved with NGOs working for the cause of preservation and restoration of the fort, strongly puts forth her opinions and perspective, “Most of the forts in our country are like khandars (ruins) and this one stands apart because it is home to a lot of people and its denizens can take good care of it.” Acknowledging the trouble that the residents cause by violating rules, she pushes for a “mutual solution rather than closure.”

As I wind my way through the streets of Jaisalmer, the setting sun lights up the old lanes inside the fort, the pale orange evening sky looking on admiringly at the ‘golden fort’, its beauty mesmerises... Like me, even the sky and the gravelly desert around seemed captivated with the view and perhaps hopeful too, of the preservation of both the shelter and the sheltered.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
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IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
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IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Wednesday, August 27, 2008

Is Pakistan Musharraf’s own country?

Chances of united democratic alliance against Musharraf are remote
Till date there hasn’t been any election in Pakistan without rigging, says Smruti S. Pattanaik, Research Fellow, IDSA. If this is a fact, then one more truth, which emerges from the current turmoil in Pakistan is that “never before in history of Pakistan, it’s civil society was so keen for elections,” Prof. Uma Singh, Centre for South Asian Studies, Jawaharlal Nehru University, told B&E.

And Benazir Bhutto’s brutal assassination was perhaps the beginning of the rigging. It disturbed, as Saeed Naqvi, Editor, World Report, a syndication service on foreign affairs, said, “the arrangement in which Pervez Musharraf was to be president; Kayani, Army chief, and Benazir, PM, was fixed by the US.” Uma Singh said, “Only after the US gave the green signal, did Benazir returned to Pakistan & she never was critical of the US.” But Benazir’s death has made her Pakistan People’s Party Parliamentarians, like a ship without a captain.

Asif Zardari, Benazir’s husband, Co-chairman of the party, is not very popular, opposed by some PPPP leaders; and her only son, Bilawal, hasn’t finished his formal education. In such a situation, Asif Ali Zardari has designated Makhdoom Amin Fahim, Vice-Chairman of PPPP as Prime Ministerial candidate. “Fahim has run the PPPP in Pakistan during Benazir’s absence and didn’t show political ambitions,” Pattanaik told B&E. The elections have been postponed to February 18 for various reasons. Naqvi feels that PPPP & Nawaz Sharif’s party, Pakistan Muslim League (Nawaz) might come together for the election. But, PPPP, with Nawaz Sharif, won’t be compatible to the US. And, for that matter, neither to Musharraf.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Tuesday, August 26, 2008

Europeanisation of Balkan nations

The increasing trend of Europeanization has impressed Balkans too
Though the sudden split of Yugoslavia and the US’ battle for democracy have given birth to many independent Balkan states, but it left many uncertainties about their future. Few of them got influenced by the US or West and rest remained in strict and straightforward way, pro-Russia, in the light of darkness and ambiguity. Interestingly, last few decades have witnessed a sluggish shift among these nations towards the European Union (EU).

The vulnerable Balkan region has been annexed, ruled and controlled by many monarchs, communist dictators. Ethnic conflicts, civil war in Yugoslavia have established many island as sovereign states, after 1991. But most of them remained unknown to the world.

With eventual realisation of democracy and growing awareness, human rights, trade, tourism and socio-economic development, Balkan nations started shifting towards European community. As a result, it is recently that the world explored Bulgaria, Romania and Slovenia after they became permanent members of the EU. Tourism is flourishing in Slovenia. It has achieved the highest GDP per capita (touching over €14,800) in Eastern Europe. Croatia, Macedonia who are members of the EU have also experienced tremendous socio-economic reforms and Soviet-dominated Albania, Herzegovina, Serbia, Montenegro are also not lagging behind to divulge their potentiality through pro-active reform mechanisms.

While low fertility, population shortages kept Europe in deep apprehension; lack of investment, human rights, trade, tourism and most importantly global recognition of national identity have plagued these Balkan nations. Thus, the EU’s enlargement policy, with Balkan’s growing affiliation with the EU, will unanimously give its contribution to global peace and prosperity.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Monday, August 25, 2008

Extending the protection cover

Apart from consumers, ICICI Prudential Life also extends the protection shield to its employees
Life is like an intriguing mystery, with many twists and turns. And as the complicated plot called life unfolds, there are surprises and setbacks in store for all of us. Surprises add spice to your life, while setbacks make you sit back and take stock of the situation in which you have unknowingly landed. Whatever the case be, one can never really say for sure what turn destiny might take. This is one of the major reasons that many people seek ‘insurance’. However, the very word insurance carries a negative connotation. Hence, consumers are not easily swayed by the innumerable promises that insurance companies make. With the paychecks getting fatter by the day, Indian consumers are increasingly looking at alternate modes to plant their money, hence insurance cover takes a backseat. So even today, a vast Indian population is uninsured. Even those who have taken some sort of insurance cover are also grossly underinsured.

For close to 50 years after Independence, the sector was in complete chaos, with only one life insurance player, LIC, operating in the country. The penetration level was miserable as well as the awareness was low. The year 2000 was clearly the watershed period for the insurance sector, with the government allowing private participation in the sector. No sooner had the government announced reforms in the sector, a flurry of private players as well as international players made a beeline for this highly potential yet unexplored sector. One of the first companies to set shop was ICICI Prudential Life Insurance (a joint venture between ICICI Bank and Prudential plc – a leading UK-based international financial services group). Clearly in the past few years, insurance has emerged as one of the fastest growing sunrise sectors in India. Huge potential, intense competition and tax benefits have given a new lease of life to the insurance sector. Although LIC still continues to dominate the pack, but among the private players ICICI Prudential Life stands out as a clear winner with 7% market share (ICMR Survey).


ICICI Prudential Life is the first life insurer in India to receive a National Insurer Financial Strength rating of AAA (Ind) from Fitch ratings. For ICICI Prudential Life, the key to success has been their highly motivated workforce (read agents), that have the real tough task to motivate consumers to buy an insurance policy. The company has seen a lot of activity in the last two years and its workforce has increased from 7,500 employees in 2005-06 to nearly 29,000 employees, today and still counting…

With such rapidly growing workforce, the role of HR becomes all the more critical in identifying and nurturing the right talent that will enable the company to build scale. While speaking to B&E on the people challenges faced at ICICI Prudential Life, Judhajit Das, Chief – Human Resources, ICICI Prudential Life Insurance, points out, “With this kind of growth, our highest need is that of talent at the frontline level and customer service points, given our scale requirements.” In fact the entire financial services sector has a shortage of talent that is suited for middle management roles in corporate functions like finance, audit, human resources and specialist functions such as product development, underwriting, claims and actuarial. Consequently, the company too finds itself in a ‘war for talent’ situation, wherein there is a dearth of skilled professionals who have the domain knowledge of specialised insurance functions. Therefore, retaining high potential talent are the biggest challenges for the human resource function. To address the challenge of finding the right set of people ICICI Prudential Life has partnered with some exclusive business schools to launch a Post Graduate Program in Management and Insurance (PGPMI) to train and develop skilled insurance professionals, who can later join the company and help them build scale. In addition to this, the company has also adopted other innovative strategies such as identifying and nurturing talent among Indian Armed Forces and encouraging second career amongst the senior citizens, which also enables ICICI Prudential Life to strike a balance between young and mature minds within the organisation. To build further scale, the company has moved beyond the metros, to recruit talent from tier II & III cities as well.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Wednesday, August 13, 2008

Body Parts and Clothes

The appearance of the avatar can be customised in something called the editing laboratory. Options are available in two categories: Body Parts and Clothes. The first will allow you to adjust your height, weight, chest size, waist size and so on. Skin can be further altered according to skin details (like pigment), face detail, make-up, and body detail. Body detail means tattoos, and tattoos can be placed anywhere on the body, from head (if you’re bald) to toe (if you’re going to go barefoot). You also have complete control over the colour, length and texture of the hair, as well as colour, shape and size of the eyes, eyelashes & eyebrows. You can have different hair styles such as straight, curly or textured & hair colour such as blond, brunette or red head. You can change your skin colour & complexion. You can give yourself green or blue eyes.

You can sport a moustache & beard. You can have an athletic body or a muscular one. Choose from any number of combinations in clothes and accessories ranging from caps, hats, jewelry and glares. All articles of clothing can be customised by style & colour: shirt, pants, shoes, socks, jacket, gloves, undershirt, underpants, & skirts. Advanced Residents use Adobe Photoshop to design and create their own clothing. And these are only in human form. The avatar can also take other humanoid or non-humanoid forms. So if you fancy yourself to be a green dinosaur with wings, even that’s possible. Also called furries and wolfies, creature avatars are quite popular in SL. And finally, a single resident may have multiple accounts (Alts), and thus appear to be multiple residents. However, the resident must register them and pay a small fee.

SL adds the conversational dynamics of chat to create the social structure of communication. This is available in two forms: local chat and instant messaging (IM). Chatting is primarily used for public conversations between avatars and can be “heard” within 25 meters. IM is used for private conversations. You can move around in three ways. Walking obviously, is the most basic method. But avatars can also fly up to about 170 meters over the terrain without any special equipment! Yes, that’s right! And if that is unbelievable, there’s a third even crazier method: teleportation. Meant for instantaneous travel, all you need to do is punch in the coordinates of the location you want to go to and you just appear there. Of course you can also ride in vehicles such as the basic go-kart or Resident-made vehicles including submarines and balloons.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Tuesday, August 12, 2008

Fund manager handling the profiling

Another important factor to look at is the fund manager handling the profiling. A fund manager’s brilliance, experience & expertise contribute sizably to the fund’s performance and help the fund attain its investment objectives.

In fact, a combination of a disciplined fund house with a strong fund manager makes for a great combination. A disciplined fund house culture makes fund managers make intelligent yet cautious and well worked out calls. Parallely, a fund manager’s individual capabilities and research techniques aid in good portfolio development. Thus an ideal combination of the two adds to the fund’s performance.

Apart from spending time and effort to select a fund house meticulously, an investor should remember three basic principles of investing viz. Systematic Investment, Asset Allocation and Long Term Investment Horizon. Market cannot be timed to precision every time as a common investor lacks the expertise and bandwidth to do so hence systematic investment approach is advisable. Similarly, depending upon individual risk appetite and investment objective, an investor should design an asset allocation pattern, which should be rebalanced time to time. Lastly, investors should remember that equity markets behave in a volatile manner in the short term, while over the long term, the returns are far better than other asset classes and hence patience is extremely critical.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs


Monday, August 11, 2008

Virgin Radio a goodbye

But what comes to Branson as a bonanza may be a bad start for BCCL, as right at the onset they have to kiss the ‘all-popular’ brand name Virgin Radio a goodbye. However, industry experts feel that Virgin Radio buyout is not a bad deal for BCCL. Sample this: BCCL has bought Virgin Radio from SMG for $106 million (in 2000 SMG bought Virgin Radio for $500 million at five times higher price). With the assets of the company valued around $136 million and the radio channel commanding a regular listenership of 2.7 million, this means that even without the brand name it’s a lucrative deal for BCCL. Amita Sarkar, Media & Entertainment Head, FICCI, feels, “BCCL is a huge success in itself as far as brands are concerned. Given the infrastructure of Virgin Radio, creating a new radio brand in UK won’t be a difficult task for BCCL. Brand creation is something that it knows the best.”

BCCL will invest approximately $30 million over the next few months to re-brand the acquired company. However, the challenge remains to establish a brand, which will be equally adored by UK radio listeners. The competition is definitely going to be tough as a lot of consolidation is happening in the UK radio sector. Moreover, in the times to come Richard Branson himself will launch a new radio station under the Virgin brand itself. That again will be a big challenge for the Indian media house. But with the growing Indian population in UK and a cult-following for BCCL-promoted TOI, the going won’t be tough for it.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
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The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
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India eNews - IIPM Ranked No1 B-School in India
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domain-b.com : IIPM ranked ahead of IIMs

Wednesday, August 06, 2008

A Mobile Castle

That’s the slogan all mobile retailers are chanting, but who amongst them stands a better chance? surbhi chawla analyses...

A 1977 British tele-serial had the shy young Roland Wright dealing with his tormenting existence at home (with nagging parents) and at school (with bully peers & despotic teachers). One day, Wright falls down a lift shaft where everyone in his life transforms into hideous doubles and Roland must overcome his enemies to become “King of the Castle”! The plot is reminiscent of modern day chaos in the organised mobile retail segment, wherein each protagonist must uncover a series of vital keys to become King of India’s lucrative mobile retail castle. On stake is the Rs.70,000 crore and growing mobile market of India, of which, analysts estimate, at present only about a miniscule 7-10% comprises organised retail. From the Essar promoted The MobileStore to the price-warriors like Subhiksha Mobile to big daddies like Reliance Digital, everyone is keen to jump on this ship before it sets sail to moolah land. And each player is trying to create that winning differentiator that separates the wheat from the chaff.

But before we get on to that, let’s just briefly look into the biggest challenge that this retail format faces, and one which is making players in the segment sick with worry. Till date, more than three-fourth of the mobile retail business continues to be done through the unorganised segment and grey markets. In fact, most players consider the unorganised segment as their biggest competitor, as opposed to other organised players. Yet, there is big time optimism in the air that sooner than later, the organised players will win consumers over and that the share of the grey market will go down. “The major advantage they are offering customers is price and organised retailers are already trying their best to give lowest cost advantage.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Tuesday, August 05, 2008

Vantage position

But if this is the case, then how does one explain the advocacy of this initiative by the leading online players, especially considering that they enjoy a vantage position in terms of user base and community? If experts are to be believed, this is a response by the biggies to the heat being generated by the enviable success of Facebook. Zuckerberg’s brainchild had pioneered this idea in 2006 when it allowed developers to use its platform to create applications. It created massive buzz and a huge user base for Facebook which was instrumental in fetching it a valuation of $15 billion.

So what Google is doing with Open Social is something similar i.e. to develop a common application programming interface for social applications across multiple websites. By doing this, they hope to combat Facebook’s growing domination in the social networking space and create a similar impact in terms of user mindshare. With these standard Javascripts, developers would be able to create applications that can access the participating social network’s friends and update feeds.

But like every innovation, this one also comes with a catch. If one were to sum up in the words of Nikhil Pahwa, Editor of ContentSutra, “A user’s behaviour on different sites is different and if there is a means to tap all this information, this will add tremendous value by providing great insight into consumer behavior. However, if this information leaks out, it also has the potential to cause substantial damage to user privacy.” Well, on the whole, it is a move by the Internet giants Google and Yahoo! to counter the growing dominance of Facebook in the social networking arena. But will this move actually pay off? Even the giants can do nothing more but guess.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs

Thursday, July 31, 2008

Individual business ideas

“We are a long-term, patient investor; if you have to build world class companies, it does take time,” believes Bessemer Venture Partners, India

How supportive is Bessemer when it comes to individual business ideas?

Oh! very supportive, our culture, our history in the United States is very centric towards that. So in terms of practice, we are comfortable with doing that and we have done it in India as well. For example, BA systems or Sunil hi-tech. If we find an entrepreneur and an idea that we think has all the merits of a top rated investment, we will do that in India. BA systems is an example of taking an idea we believed in, forward. He (the promoter) has created the ‘First Made in India Router’ EN 3500 and is doing well.

Your advice for Indian entrepreneurs who are looking for funds?

Markets today in India are at an early stage. An average Indian promoter is very inexperienced when it comes to dealing with PE/VC. It’s hard for them to distinguish between a Hedge Fund money–typically hot money–and long term capital (a PE or a VC). They think that a dollar is a dollar. An entrepreneur/promoter should be careful from whom to take money. They should find somebody who has value-added capabilities, somebody who has a successful investing background, somebody you know is going to be with you for the long run. Businesses too undergo cyclical ups and down. You have periods of rapid expansion, then possible sluggishness. So, in case of a slowdown, if the investor pulls out the plug, you (the investee) are gone.

Can you quantify Bessemer’s returns in previous years?

Well, I won’t get into specifics, but name a fund that has so many IPOs to its credit. More than 100 of Bessemer’s portfolio companies have gone public on exchanges from the NYSE and NASDAQ to London’s AIM and India’s BSE. That says it all.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

Wednesday, July 30, 2008

Investee: GMR Infrastructure

Investor: Eton Park Capital, SBI, UBS, et al

Investment Value: $1,000 mn

As per G. M. Rao, Group Chairman, GMR Group, “The positive response to the Issue reflects the confidence that global investors have in the Company and its integrated business model. As a result of this, they have decided to invest in the company through the QIP route in large volumes.” Madhu Terdal, CFO of GMR Infrastructure asserts that “the funds will be used for the construction of GMR Istanbul’s airport in Turkey as well as buyouts in the international power and airport markets.”

In a deal worth $1 billion, qualified institutional players like Citigroup, Capital International, SBI, Kotak Mahindra, Credit Agricole, UBS et al, bought a 9% stake in GMR Infrastructure Limited (GIL), the flagship company of GMR Group. GIL plans to spend about Rs.800 crores in its various projects, which include the Istanbul Airport and a Special Economic Zone in Tamil Nadu. The fund raising exercise by the company was an effort in complimenting its future expansion plans, which will see the company moving into newer pastures like SEZs, Export Promotion Parks etc.. Already in GMR’s kitty are projects like Delhi Airport modernisation and the Hyderabad Airport construction, both in the final stages of completion. The company also has plans of setting up overseas offices and to tap the opportunities available in markets like Europe. The group is also planning to get into airport projects in Africa.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus