WHEN DIFFERENTIATION WORKS

When businesses finally realize they can’t win on price, they try to differentiate their products. Companies, we’re told, should adopt the following: Design cool products like Apple and Bang & Olufsen. Continually innovate like Gillette and 3M. Offer a unique product mix, like Sharper Image. Brand a community like Harley-Davidson & Red Bull. Sell experiences, as Four Seasons, Nordstrom & Starbucks do.

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Source : IIPM Editorial, 2006

An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative

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A LUSCIOUS DEAL FOR PREMIER FOODS

In a move that will create Britain’s largest food producer, Premier Foods PLC is planning to acquire arch rival RHM PLC for $2.43 billion. With this tie-up Premier Foods will add brands like Mr Kipling cakes, Hovis bread & Bisto gravy to its already strong portfolio, which boasts of household names like Branston Pickle, Angel Delight desserts Crosse & Blackwell products and Bird’s custard. This is Premier Foods’ second buyout this year after acquiring the Campbell’s Soup in July for $882 million. Premier Foods has no plans to sell any RHM brand acquired, as this deal has put it in a stronger position to stand up to the country’s powerful supermarket chains.

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Source : IIPM Editorial, 2006

An IIPM and Malaya Chaudhuri – Arindam Chaudhuri Initiative

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Tata Group

He made sure that his troops meet the performance targets – and in setting targets he followed the erstwhile ‘GE Way’ vision, which was to either be number one, or two. And in that vision, shareholders’ wealth became pristine. From Tata Steel (where the workforce reduced from 80,000 in 1992 to around 35,000 in 2006) becoming the lowest-cost steel producer in the world, to hiving off stakes in many industries, from Tomco to the Ambassador hotel chain, from TCS acquiring Chinese operations, to new found Corus deal, from telecom, to infrastructure, Tata Group leads, and like very few!

For Complete IIPM-Article, Click on IIPM-Editorial Link

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

STAG FACES A CHOP AT HOUSE OF FRASER

Britain’s high street department store chain, House of Fraser is planning to undergo a facelift in a bid to modernize its image. The store plans to drop its iconic prancing-stag logo which dates back to 1909. Investment firm Baugur, which bought the chain early this year for $668.29 million wants to add some excitement to the store’s image. This move is to reinvent the House of Fraser brand as a “house of fashion, fragrance, footwear & fun”. House of Fraser, which has 66 stores in its chain, reported an 8.8% increase in sales in the second quarter of 2006, as a result of acquiring the businesses of Jenners & James Beattie in 2005.

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

The boulevard ahead

With such enormous opportunities and strategies been put in place to grab them, the industry is traveling on a highway to moon. With rising international competition, Indian counterparts need to winch up their performance bar and ramp up their technology to achieve higher operational efficiencies. However, the capacity addition race is going to be the ultimate decider. Anyone who can bring in the capacity in a short span and manage to rope in manpower and technology, can emerge as the new kid on the block. A word of caution, however, is ‘not’ to become overbullish because then the next thing that will hit will be the glut, flagging the shine of this golden sector. ‘Too much of haste would mak waste!’ – is what Indian hoteliers have to keep in mind.

For Complete IIPM-Article, Click on IIPM-Editorial Link

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

TRANSFER TECHNOLOGY

The transfer of technology will cover the manufacture of super critical boilers to meet the requirements of the mega power projects being planned for the country. With this move, L&T hopes to play a major role in the Indian power sector. The expected investment in the joint venture between L&T and MHI is approximated at Rs.450 crore. The 20-year licence would cover an output range from 300 MW to 1000 MW or nominal super critical coal-fired thermal power plants. So, one can just hope that this agreement will help in meeting the demands of a power hungry country like India.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Cold Rolling Mill

A quick calculation would immediately show that these moves on 24,000 employees would leave Tata Steel with just around 10,000 primary employees, perhaps even lesser. If that’s not called destroying the old mould, what is? Pray allow us to tell you... Parked inside the spaceship-like control room of one of the plants, the figure hit us like a sledgehammer; and it took us almost a few minutes to digest the magnanimity of it. And we’re not even talking about those 24,000 mentioned above. Digest this – while around 30,000 odd employees sweating it out in the blast furnaces & Hot Rolling Mill bring out 2.5 million tonnes of steel annually, guess, in your wildest thoughts, how many employees does it take for Tata Steel’s most recent Cold Rolling Mill (CRM) with cutting edge technology to take out 1.5 million tonnes of steel annually.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Political Instability

For we all suffer from the political instability to which such despair gives rise. But it is America that perhaps now stands to gain the most by reviving Doha talks with a more credible and generous offer. US influence in the world has suffered greatly in the last few years; the Bush administration’s hypocritical use of free-market rhetoric while pursuing protectionist policies has made matters worse. America’s national interests thus dictate a policy change. But there’s another powerful rationale for it: Treating fairly those who are poorer and less powerful is the morally right thing to do.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Xboxes

The age is such that there is no place for the technologically-challenged. Read on the computer, communicate on cell phones, and play on Xboxes… feeling newsprint feels like an alien sensation altogether. So, are the Cassandras of the literature world having the last laugh? Too soon; the first signs of gainsaying – the success of such book trade fair events. According to official spokesperson Liz Sich, Director, Colman Getty Consultancy, “… over 600 million euros of business is done at the Fair and over 280,000 visitors are expected to attend.” The reading habits are robustly secure…
There is, however, cause for concern certainly.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Asian Economic Gaint

Making foes with Asian economic giant and nuclear powers is not and should not be acceptable by the people of Japan. Besides, Koizumi came to power promising that he would bring about change in Article 9, which disallows Japan from using military in solving any international issue. Abe also faces people’s ire for extending Japanese troop’s stay in Japan for another one year. Standing on a doubled edged sword, Koizumi has left behind a legacy of blunders. Shinzo Abe is already inexperienced in game of politics. He faces some major challenges.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Nokia N-Series

Now Nokia is banking on its N-Series and has recently launched the N85, which is a sleek model unlike other Nokia phones. This move looks clearly inspired by the competition from Motorola’s Razr phones. As Devinder Kishore, Director Marketing, Nokia India adds, “A recent consumer segmentation study completed by Nokia globally has found that a majority of the mobile phone consumers fall in the ‘style’ category. As a result, Nokia is delighted to strengthen its bond with the Indian fashion fraternity, both, through its association with Ashish Soni & India’s fashion event WIFW.” While the mass market still commands the volumes, technology and style are ruling the upper price segments. Hence, the marketers are playing on design & technology.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

VIEWERS TO ‘ZEE’ NOW ON TATA SKY

Zee TV has been ordered by the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to deliver all the 32 channels from its stable to the subscribers of Tata Sky (DTH venture from Star TV and Tata Group). This development is set to increase the number of channels offered by Tata Sky from the current 75 to 107. Subscribers of Tata Sky could not ask for more as they would not have to pay anything extra for these bonus channels that would be aired. Time for viewing ‘Zee’ on Tata Sky!

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Harley Davidson

Like the Biketoberfest, for instance, which is a carnival of sorts held upon Florida’s famous Daytona Beach, where the legendary Milwaukee marauder, the undisputed monarch of the biking kingdom – the Harley Davidson – lies at the core of the festivities. Roaring in to this beach between October 19 and 22, are going to be thousands of bikers and the area will also be decked with displays of vintage, custom and spanking new motorcycles. Back in the 1920s, a tradition took shape in which, when a team consistently took home the top honours, they would adopt the mascot of a hog and even ride around the beach carrying a pig upon their back seats!

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Asian and Chinese Markets

The performance of the VSF business was noteworthy, while the sponge iron business suffered due to lower capacity utilisation, a steep rise in input costs on lower global scrap prices. The VSF business saw revenues increase by 6% to Rs.4.41 billion while PBIDT increased by 25% to Rs.1.14 billion. The company has recently announced a JV with Hubei Jing Wei Chemical Fibre Company in China to manufacture VSF fibre. K. M. Birla stated, “Our intent is to grow even further globally in this (VSF) sector... the Asian and Chinese markets offer enormous potential for commodity and speciality fibres, in both of which our Group has a strong foundation.”

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Technology Environment

A consolidated technology environment with the best brains at its disposal has propelled this IT major to achieve dizzying heights in a short span of time. After garnering accolades for devising remarkable cost saving business models, and a slew of partnerships thereafter with SAP, Peoplesoft, Aptech and various banking solutions firms, Hexaware has ensured that it’s there to stay as a leader in the IT arena, offering quality services to its clients. What is eminently commendable is the trust that Hexaware has managed to create Within the short span of its existence.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Control Unit Processor

Such homes can be programmed through a central CU (Control Unit Processor) and also have dust and CFC (Chlorofluorocarbons) resistance mechanisms. Automated home locking and alarm actuation for police facilitation services is also possible through a common call centre. So is there a market for such techy ‘homes’? Mahendru is upbeat: “Individual earnings in India are growing at a fast pace. People have money to spend on personal comforts, safety and life style.” Seems what was once possible only in snazzy Hollywood sci-fi flicks is no more a mere chimera.


For Complete IIPM - Article, Click on IIPM-Editorial Link

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

AWESOME THREESOME!

The fight for survival gets fierce
This calls for a toast. Here’s a grand alliance, and it can’t get any bigger. Corporation Bank, Indian Bank and Oriental Bank of Commerce (OBC) have decided to be bedfellows and partners. They have signed an MoU for venturing into new vistas (capital markets, international markets etc.) and sharing resources (IT and Treasury). Many previous issues of this magazine have written about how the banking sector in India is becoming a fierce battleground for marketing wars. This alliance can make the wars even more exciting. These three banks have now become the dark horses of Indian banking industry with a combined asset base that dwarfs some of the big daddies of the sector. A cool Rs.1,318 billion is what the assets of the three players add up to, which lands them on the second place only behind SBI in the Public Sector Banks (PSB) category.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Airbus

The carrier, which has already placed orders for 20 A-320 family planes from Airbus, also has plans of launching a cargo carrier soon. Jeh Wadia, Managing Director, GoAir said, “We are extremely delighted to announce the commencement of our new sectors and are proud to announce that we have taken delivery of our 4th aircraft.” On the other hand, reiterating its commitment to the Indian skies after the failed Jet-Sahara deal, Air Sahara has confirmed the orders of ten Boeing 737-800 jets, worth $700 million, for its growth and is optimistic at capturing a 20% market share of the domestic market in the long run.

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Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

FDI Inflow From Sweden

Imports mainly comprise of electrical machineries, nuclear reactors & boilers and optical & surgical items. Aggregate FDI inflow from Sweden to India during the period 1991 to May 2006 stands at a lowly $472.24 million. No doubts, the growth potential in areas like e-commerce, IT enabled services, Biotics, telecommunications, wireless & cellular telephony and infotainment et al needs to be exploited. Sighting a reason for the same, Leif Pagrotsky, Minister of Trade and Industry, Sweden explains, “Swedish companies are still hesitant in investing because of bureaucratic bottlenecks and relatively poor infrastructure support in India.” Many Swedish MNCs like Ericsson, Telia, Volvo, Skandia, Electrolux, Microsoft Mobile, Vattenfall, ABB et al are flourishing in India.

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

Italian Banks Consolidations

Without any doubt, domestic consolidations will make Italian banks bigger, but the question is, can these newly formed bigger entities match dynamism and competitiveness of the foreign banks? The answer can be read in the words of the Italian Prime Minister Romano Prodi (left top), who comments, “Instead of always being the ‘prey,’ I’d like, once in a while, to also be the predator.” That signifies what Italian banking system is up to – creation of giants that can not only defy foreign banks from invading Italy, but also acquire non-Italian banks. The proposed merger will not only create the largest bank of Italy, but also the ninth largest in Europe (in terms of Tier I capital), with a stock market value of around $83 billion!

For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link

Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006

JAPAN ROPES IN SUPER SIXTEEN

Officials hailing from the land of the rising sun have come up with a proposal to configure a 16-nation free-trade bloc comprising of China, South Korea, Australia, India, New Zealand and the 10-nation Southeast Asian bloc. Last year, the same 16 had created the East Asia Summit, which was perceived as a forerunner to the formation of a giant free-trade alliance, engulfing almost half of the world’s populace. Japan entered its first ever FTA with Singapore in 2002 and also coordinated well worked deals with Mexico, Malaysia, Thailand and Philippines. Meanwhile, Australia and New Zealand have also expressed their willingness to be a part of such a bloc. The advocates of the plan, however, admit that turning it into reality will take a long time.


For Complete IIPM - Article, Click on IIPM-Editorial Link

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

'Go"ing Fida!

The ad hasn’t been a hit purely amidst the ad-frat – potential buyers are also flocking to showrooms! Mohan gushes, ince the day Ford Fiesta was launched, the company has been getting excellent response and regarding the reaction to the campaign, the showrooms were exactly like movie theatres on the first day of show. But, it’s not just about the campaign, but the car as well!” Be it the concept, Chote Sarkar’s suave appeal, the product, or a blend of the three, the writing is on the wall (and in bold!): Audiences are ‘Go’ing Fida!

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

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Scooters!

With a series of automatic scooters in the offing, beginning with the freshly-launched motoscooter, to be succeeded by a second vehicle which, in Sulajja’s reckoning, “will redefine the executive way of driving scooters with its Italian style and never-seen-before lighting system”, Kinetic’s future looks extremely exciting! Innovation is clearly the lifeblood at Kinetic today, and Sulajja reiterates her commitment to the cause, “In Kinetic there is a great legacy in terms of reputation, and now we are positioning Kinetic in a new light for the new India.”

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

SHOP TILL YOU DROP

When was the last time you sauntered across the road in front of your house to a Wal-Mart to buy a pair of sneakers? And then ambled a block away to a Target supermall to grab grocery for home? And then scampered a block further to the Macy’s superstore to buy a set of Chanel’s topline perfumes? Let me guess the answer... Never! But hey, this dreamy vision just might come true, right here in India, where a retail boom is sweeping across with astounding velocity. The retail industry has been estimated to be around Rs.90,000 crores – which, according to some, seems a very conservative estimate! India seems to represent the most compelling international investment opportunity. According to A.T. Kearney’s 2005 Global Retail Development Index (GRDI) India moved from the second place to the first, displacing Russia as the top hot spot for investing in retail.

In 2006 too, India retained its top spot in the index. If things go as planned, then organized retailing in India has the potential of creating over 2 million new (direct) jobs within the next six years. The market is surely bursting with growth potential, and retailers are queuing up to grab a portion of the retail pie. So while luxury retail chains like Louis Vuitton, Christian Dior & the new entrant Versace have gingerly placed their feet on Indian shores, vast numbers of others are waiting in the wings; in fact, the likes of Gucci, Armani, Jimmy Choo, Tumi Luggege are just starting to unfold their plans.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

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Harnet Avenue With Enrico

Overworked with awe, as I settled with some steaming latte in a bustling café on Harnet Avenue with Enrico, we were joined by two bright looking lads sipping at some sweet-smelling coffee again, and there proceeded merry small talk until bottoms-up. Upon casual enquiry after parting ways, Enrico had me flustered when he revealed he didn’t know them! “That’s how it is here”, he shrugged. While some esteem even strangers, others have no qualms blowing apart their neighbours. Created by the same God, all of us, we’re told, but I wonder… “In fact, in Asmara there even stand symbols of Islam, Catholicism and orthodox Christianity within little distances of each other, that too for prominent landmarks. Religious harmony is something like divine consolation to us Eritreans. We hope to protect it.”

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Telecom Sector

The chalof lenge is phenomenal though, since players like Bharti Airtel (23 circles), BSNL (23 circles) & Hutchison (13 circles) are ahead by miles. Even in terms of net additions during the past nine months, Idea (2.59 million) is miles behind Bharti (9 million), Hutch (7.83 million) and BSNL (6.39 million). Idea is creditably number 1 or number 2 in 6 of the 8 circles that it operates in. But the company must ensure it enters the right markets. While other operators are present in all four metros, Idea is present only in Delhi. Again, Idea is absent where both Airtel & Hutch are making merry in the fastest growing ‘C’ circles (growth of 5.76%). The fastest growing North-East & West Bengal regions (growing at 10.1% & 6.1%, respectively) are not even on the immediate expansion agenda of Idea. Only by making sustained investments in these high growth areas can Idea turn the tide in its favour.

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

India Definitely Means a Land of Opportunities

With a head count of 1.11 billion and a tele-density of just 13.54%, India definitely means a land of opportunities, but what should not be forgotten is that while tele-density of urban India is 36%, ailing rural India (consisting 74% of total population) enjoys a tele-density of mere 0.4%! And as Romal Shetty, an analyst with KPMG says, “Operators have to shift their focus to non-saturated rural areas, and increasing rural tele-density to just 4% by 2010 will involve investments of $6.5 billion annually!” And with CDMA being the more efficient technology for providing cellular services in wide expansive rural areas, Hutch’s expenditure on rural telephony and CDMA should have been on top of the strategic priority list, and not GSM! For once, Hutch is “missing the trees for the woods...”

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

Pricess Skyrocket in Open Market

It’s again the same for wholesalers – medium and big – who have been trading their agri-produce after buying it from farmers and small wholesalers. And it is this group that has been suffering the most due to the entry of FIIs and other big stock market players in commodity trading. As mentioned before, not only is this group now demanding a ban on futures commodity markets, but are also pleading for warning to be given to various similarly stuck traders. A spice merchant from Delhi provides an incriminating insight, “Total produce of small cardamom in India is 12,000 tonne, valued at Rs.480 million. A big trader can corner 80-90% of the produce through commodity exchanges making the prices skyrocket in open market...” The spice man may not be too much off the mark.

For Complete IIPM - Article, Click on IIPM-Editorial Link

Source:- IIPM-Business and Economy,

Initiative:- Prof. Arindam Chaudhuri

'Tis a whale song!

Whales, whether right or not, may soon be in murky waters. Following a debate on resumption of commercial whaling, around 25% of the countries on the International Whaling Commission supported resumption of industrial whaling. While the majority vote keeps these gentle giants afloat, the whales still could do with keeping their fingers…err…flippers crossed in the hope that their haunting melodies wouldn't be their swan song!

For Complete IIPM - Article, Click on IIPM-Editorial Link

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

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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 .

For Complete IIPM - Article, Click on IIPM-Editorial Link

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.

For Complete IIPM-Article, Click on IIPM-Editorial Link

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…

For Complete IIPM-Article, Click on IIPM-Editorial Link

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.

For Complete IIPM-Article, Click on IIPM-Editorial Link

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

Wachovia strikes a volatile deal

IIPM-News:-

Wachovia Corporation has entered the volatile mortgage business after striking a deal to buy Golden West Financial Corporation for a whopping sum of $26 billion. For each Golden West share, Wachovia has agreed to pay 1.051 shares of its stocks, with an addition of $18.65 in cash. Wachovia has undergone more than 140 mergers which have transformed it from the image of being a sloppy bank to a leading player in financial services. The deal is the eight largest in the US banking industry and Wachovia’s largest acquisition so far. The acquisition will give Wachovia an access to Golden West’s 10,000 employees which will enable it to extend operations to over 280 branches across 10 states.

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Source IIPM-Editorial,2006

Companies have hardly used their savings for funding capital expenditures

A very interesting correlation that has been noticed has been that household and private savings have constantly declined over the years; just compensating for the rise in corporate savings. After the worldwide equity bust that occured around the year 2000, the debt component in the balance sheet was one of the major headaches for companies. Firms locked in high levels of debt, prioritized repayment of debt, and not to the surprise of many companies, have now channelled their savings towards debt servicing. Softening long term interest rates has also lured companies to convert their short term debts into long term ones. Moreover, companies have also increased their own equity holdings (through direct investments; and also through repurchases of shares). This equity increase trend would further gain momentum as companies are expected now to be in constant search for growth opportunities abroad. But dramatically, the IMF Report clearly proves that companies have hardly used their savings for funding capital expenditures.

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Source IIPM-Editorial,2006

Health Insurance: Card of Merits

IIPM-PUBLICATION

TPAs: Quality & infrastructure of TPA; Numbers of Tie ups with different hospitals (network); Types of the hospitals/health centre in terms of its infrastructural Facilities; Types of the hospitals/health centre in terms of services they offer;

Tangibility: Promptness in terms of policy issue; On time home delivery of policy/ health card; Simple Procedures for policy issue; Knowledge of the agent regarding different products; Customer service support facilities (Call centre or toll free facilities); Cheque pick-up; Cashless transactions and facilities; Promptness of realization of the payment after submitting the bills.

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Source IIPM-Editorial,2006

Is it ‘exit’ for exit polls?

Exit polls have lost their sheen this time round. So, what happened...
There is a niche set of viewers who should be looking forward to the elections more than the politicians. Unsung heroes (or villains, depending on how you look at it) who remain enshrined in their popularity figures and minutiae, these pollsters – called psephologists by the learned – strive to learn when, how and why people vote as they do, and for whom.

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Source IIPM-Editorial,2006

AT&T... (IIPM-News)

Amusingly, now the same AT&T is expected to oppose the merger tooth & nail, as it would suffer a huge loss in negotiating power, while undertaking business contracts with the much stronger entity. But then the industrial world has always run on the saying, “Do unto mothers, as mothers do unto you!”... Well, hasn’t it son?

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Source IIPM-Editorial,2006

Ma‘lazy’ian Airlines – Truly Asia?

MAS must drive operational excellence rather than merely cut costs
An ailing sector, groaning companies & petrified employees are routine in the aviation business today. Malaysian Airlines (MAS) seems no different. After a third consecutive loss-making quarter ending December 31, 2005 (loss of $342 million), a resurgence plan for MAS was heralded on March 27, 2006, which aims at cutting costs with 6,500 job cuts & withdrawal from 96 domestic routes.

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Source IIPM-Editorial,2006

LIGHT-HEARTED

ARTICLE-IIPM EDITORIAL

The Acciden­tal, a narrative of bizarre occurrences at a nondescript town styled by Ali Smith; A Long Long Way by Sebastian Barry which depicts the loss of youth and innocence in the struggle and events surrounding war and the popular Zadie Smith’s On Beauty, a light-hearted account of an American and British family as neighbours, so dif­ferent and yet so similar.

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Source IIPM Editorial-2006

The Lower Garden District

Research and publication, IIPM-Knowledge Centre

As for the hundreds of thousands of residents whose low-lying homes and housing projects were destroyed by the flood, Drennen says the city now has an opportunity for “21st-century thinking”. Rather than rebuild ghettos, New Orleans should be resettled with “mixed income” housing, with rich and poor, black and white living side by side. What Drennen doesn’t say is that this kind of urban integration could happen tomorrow, on a massive scale. Roughly 70,000 of New Orleans’ poorest homeless evacuees could move back to the city, alongside returning white home-owners, without a single new structure being built. Take the Lower Garden District, where Drennen himself lives. It has a surprisingly high vacancy rate – 17.4 percent, according to the 2000 census. At that time 702 housing units stood vacant, and since the market hasn’t improved and the district was barely flooded, many are presumably still there and still vacant. It’s much the same in the other dry areas: The French Quarter has been half-empty for years, with a vacancy rate of 37 percent. The citywide numbers are staggering. In the areas that sustained only minor damages and are on the mayor’s re-population list, there are at least 11,600 empty apartments and houses. If Jefferson Parish is included, that number soars to 23,270. With three people in each unit, that means homes could be found for roughly 70,000 evacuees. With the number of permanently homeless city residents estimated at 200,000, that’s a significant dent in the housing crisis. And it’s doable…

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Source: IIPM Editorial-2006

RBI AND THE GOVERNMENT

IIPM-PRESS CENTRE EDITORIAL

Thus, the RBI and the Government should instead come to an agreement on the subject of an integrated regulator and auditor only for these cooperatives. Any division of power provides a conduit to the Cooperative banks, to successfully escape the scrutiny of regulators.

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Source:IIPM-Editorial,2006

A Mathematical Theory of communication (IIPM-Press Article)

A good dictionary will trace the word back to the Latin verb informar, which means “to give form to.” Some reflection is required to see the similarity between its etymology and defining information as “that which reduces uncertainty” as did the late Claude Shannon, whose work “A Mathematical Theory of Communication” provides the foundation for information theory, as well as, a quantitative measure of information.

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Source:-IIPM-Editorial,2006

European Politicians(IIPM Article)

European politicians also need to pay more attention to the pressing problems of social acceptance that minorities face regularly. Political turmoil of this kind can end only when minorities are integrated without biases and prejudices in the society. It is not for winning street wars that these minorities fight; but for “respect.”

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Source:IIPM-editorial,2006

ARTICLE-IIPM PUBLICATION

Having made it to within pecking distance of playing Superman, before the Warner Bros’ project got suspended sine die, ‘The Family Man’ has played out his fantasy by christening his second son Kal-El (what the comic super hero was born as on planet Krypton; we sure know our comics!) Don’t forget the super-baby knickers, Nic!

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Source:IIPM Editorial-2006

ARTICLE-IIPM PUBLICATION

Having made it to within pecking distance of playing Superman, before the Warner Bros’ project got suspended sine die, ‘The Family Man’ has played out his fantasy by christening his second son Kal-El (what the comic super hero was born as on planet Krypton; we sure know our comics!) Don’t forget the super-baby knickers, Nic!

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Source IIPM Editorial-2006

ENTERTAINMENT COMPANIES

IIPM-PRESS CENTRE RELEASE

But then, why blame just Big Oil for such cruelty? If ‘entertainment’ companies are allowed to abuse animals and environment to lure consumers, there definitely has to be something wrong with our priorities.

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Source-IIPM,2006

P&G finally shaves off Gillette

IIPM-PRESS RELEASE

US anti-trust authorities have given the go-ahead to Cincinnati- based Procter & Gamble for its $57 billion acquisition of Boston shaving giant Gillette, which would create the world’s largest consumer products company. The Federal Trade Commission’s a p-proval comes with a stipulation that Gillette divest its overlapping products – Right Guard men’s anti-perspirant deodorant and Rembrandt athome tooth-whitening brands.

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Source IIPM-Editorial,2006

NON-CIGARETTE INDUSTRIES

PUBLICATION, IIPM

Truly so, ITC's focus had become diversified due to the promises of high growth in non-cigarette industries. But the fact also is that these are the same industries that have killed ITC's growth. The non-cigarette FMCG business segment of ITC, including packaged foods, saw a loss of Rs.900 million in the first half of the current financial year. And the losses have actually grown at 4.67% year on year. It makes very less business sense to continue in businesses that rather than contributing significantly to turnovers, are unnecessarily taking away the corporation's investments; these are huge opportunity costs in the making.

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Source:IIPM Editorial:- 2006

BUSH ADMINISTRATION

Research and publication, IIPM-Knowledge Centre

For the sake of argument, ‘em others who love him
supporting viewpoints for the god of modern political think: Noam Chomsky

The huge admiration for Chomsky evident in Prospect’s poll is obviously not only, or even mainly, a response to intellectual achievement. Rather, it goes to a brilliant thinker who is willing to step outside his study and devote himself to exposing the high crimes and misdemeanors of the most powerful country in the world and its complicity with venal and brutal rulers across four continents over half a century or more.

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Source: IIPM Editorial-2006

Choices must be made, and choices matter. Shortsighted politicians like Bush often skimp on long-term investments in favour of short-term advantage. He recently signed a lavish infrastructure bill that included, among other payoffs to political supporters, an infamous bridge to nowhere in Alaska. Money that could have been used to save thousands of lives was spent to win votes...

Source: IIPM Editorial

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Copyright: IIPM-2006