IIPM-News:- TATA MUST IMPROVE ITS IMAGE

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REVVING IT UP
While most auto companies in India are travelling on bumpy roads with rising fuel costs & freight rates, there is one company that would have you believe that the road ahead is, in fact, pretty smooth! What else would one make of the June 19 announcement of Tata to cut the prices of its entry level TCIC by a whopping Rs.170,000. The model would now be available for Rs.640,000. The markdown comes at a time when the industry titans are considering price hikes due to rising input costs. Recently, Hyundai Motors announced a hike in prices by up to Rs.15,000 on its entire range and Maruti is also expected to follow. So what is it that makes Safari shine out? Well, the cutback is a result of an aggressive cost-reduction plan that Tata has flagged off .

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

Future Will Be Decided...

Though his future will be decided after next month’s annual meeting, Sarin has decidedly been under fire after Hermes, which owns 1.22% stake in the company, publicly acknowledged its dissatisfaction with Sarin’s leadership, though Vodafone revenues for the financial year 2005-06 did increase by 10% to reach $55 billion. So are there enough reasons for shareholders to be unhappy? There are more than enough reasons.

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

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Kashmiri Group Hurriyat

All of a sudden, there seems to be a flurry of activities and initiatives in Kashmir. First, the moderate members of the separatist Kashmiri group Hurriyat, led by Mirwaiz Umar Farooq had a heart to heart talk with Prime Minister, after he extended an open invitation to them. Then, it was announced that the Border Security Force (BSF) – very unpopular in the valley – will be re­placed by the Cen­tral Reserve Police Force (CRPF). And then, the CRPF an­nounced that there will be a reduction in the number of check posts and pickets in Srinagar and other towns…

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

Lance Erstwhile French Employer...

His erstwhile French employer Cofidis had long annulled his contract (paying only a piffling 25% of it) and the only team to engender any interest in him was the newly-formed US Postal Service Pro-Cycling team. Never before has an athlete engaged in competition after emerging from such traumatic circumstances, so when Armstrong headed for the 86th Tour de France in 1999, few would have dreamt, far less believed, what was to unfold.

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

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Fodder for scam

The case was first unearthed in 1996, after the police found that money was being fraudulently withdrawn from the state treasury and shown as expenditure on animal fodder. The Patna High Court asked the CBI to inquire. It was discovered that close to Rs.9.5 billion was thus looted from the treasury. A total of 61 cases were filed in which Laloo Prasad was accused in nine cases. Laloo Yadav was jailed at least four times, and he was forced to resign as Bihar chief minister. He made his wife chief minister and continued to rule by proxy. The scam was an embarrassment because it dealt with something so low as fodder, and it showed Laloo in very poor light. It still rankles.

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Source IIPM-Editorial,2006

Paradise Lost (IIPM-Publications)

It’s downright embarrassing when you are down in the doldrums and all but written off . It’s equally embarrassing when another troubled giant (GM) pays you $2 billion to bail out of an agreement with you. This has just been the latest in the cup of woes for auto giant Fiat Auto SPA, one of Europe’s largest and most well known car manufacturers. Plagued by a series of losses over the past five years, Fiat did rustle feathers with a $46.3 million profit in the quarter ending December 2005, as that ended an embarrassing trend of losses for seventeen quarters. Current CEO Sergio Marchionne’s restructuring of Fiat including excessive job cuts and cost controls is cited as the reason for profits (besides GM’s alimony of course!).

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Source IIPM-Editorial,2006

Conglomerate's Operations

The conglomerate’s operations are spread across 54 nations and consist of a strong work-force of over 0.2 million. Outside Hong Kong, the company has operations in China and elsewhere in the Asia Pacific region, as well as in Europe and the Americas. The world’s largest private port operator, with 42 operational ports spanning 20 nations, has seen some wonderful strategic decisions over the past decades, but the one that stands out is Li Ka Shing’s obdurate decision to keep on diversifying. It is this decision, most logically implemented, that has ensured that Hutchison Whampoa (Hutch to most of us) “follows profits wherever it goes.” If the corporate world needed benchmarks to vouch for, Hutch would beat its competition by a Whampoa!!!


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Source IIPM-Editorial,2006