Monday, January 28, 2008

The krishna without a flute

Srikrishna Commission report that had probed the violence in Mumbai during the 92-93 riots, explicitly states that “The response of police to appeals from desperate victims, particularly Muslims, was cynical and utterly indifferent. On occasions, the response was that they were unable to leave the appointed post; on others, the attitude was that one Muslim killed was one Muslim less... Police officers and men, particularly at the junior level, appeared to have an inbuilt bias against the Muslims, which was evident in their treatment of the suspected Muslims and Muslim victims of riots. The treatment given was harsh and brutal and on occasions, bordering on the inhuman... The bias of policemen was seen in the active connivance of police constables with the rioting Hindu mobs, on occasions, with their adopting the role of passive on–lookers on occasions, and, finally, their lack of enthusiasm in registering offenses against Hindus even when the accused was clearly identified and post-haste classifying the cases in ‘A’ (True but not detected) summary”

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Source : IIPM Editorial, 2007

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

Friday, January 25, 2008

copyrights till now

Copyright has its beginnings in the 16th century when Mary I, the reigning English monarch, granted monopoly and censorship powers to the Stationers’ Company under which though, no royalties were paid to the authors. This monopoly expired in 1694 and was eventually replaced in 1709 by the Statute of Anne, regarded as the first modern copyright law. The Stationers’ Company did not easily accept the Statute of Anne since it reduced their power and their profits. Since then, similar laws have been passed in most nations. With the Digital Millennium Copyright Act (DCMA) of 1998, in what can only be interpreted as an effort to preserve profits derived from lucrative but about-to-expire copyrights and to protect profits from the threat of peer-to-peer distribution of music via Napster & similar Internet services, entertainment media distribution companies forced an extension to American copyright law and a broadening of its terms to include criminal penalties for its breach. Today, copyright laws are not about safeguarding motivations to create as is frequently claimed by entertainment companies but about preserving profits from a business model that has become obsolete with the Internet.

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Source : IIPM Editorial, 2007

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

Wednesday, January 23, 2008

Stalk exchange?!

For now, OMX is all Nasdaq has...
National boundaries are passé; even ‘companies’ apparently seem outdated when it comes to M&As. If this still sounds strange, consider how Stockholm- based OMX stock exchange (with 791 companies listed & a daily turnover of $7.49 billion), the largest in Europe aft er Euronext & LSE is making matters worse between NYSE & Nasdaq. For Nasdaq, to watch NYSE walk away with the $14.3 billion Euronext only rubbed salt into its wound. Worse, despite having raised itd bid for LSE to $5.3 billion, its attempt for almost two years now has proved futile a big setback indeed!

But as they say – ‘some never learn’, Nasdaq is now eyeing OMX as H. Furlong Baldwin, Chairman, Nasdaq noted, “At Nasdaq, we are privileged to be partnering with such a reputable institution as the OMX…” Nasdaq also sold it 31% stake in LSE for $1.6 billion on August 20, 2007 as a proactive move as it knows that OMX will cost more than its May 2007 bid of $3.67 Billion – all thanks to Dubai Stock Exchange’s $4 billion bid for OMX.

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Source : IIPM Editorial, 2007

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

Wednesday, January 16, 2008

Missing skill!

Lack of vocational colleges
While we continue celebrating India’s economic resurgence, what oft en gets ignored is the question, whether our future workforce would be skilled enough to tap global opportunities. The widening gap in skills, signals the tremors of coming ‘jobless’ nature of the economy. As per the World Bank, the growth in employment in the formal sector is merely 0.6% while in the informal sector it is 1.1% annually. The crucial fact that needs attention is that over 93% of India’s total workforce is involved in informal sector. Consider this: India has only 5,100 Industrial Training Institutes and 1,745 polytechnics colleges and its vocational colleges has 171 low quality specific skill or subjects while more than 1,500 highly skill subjects are covered in similar colleges worldwide. Add to it, the outdated syllabus and license raj like centralised control system. While a globalised environment would exponentially increase job opportunities in the informal sector, it is to be seen whether our polity has the vision to frame policies for tapping such opportunities by qualitative & quantitative enhancement of vocational training system.

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Source : IIPM Editorial, 2007

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

Tuesday, January 15, 2008

Evil prevails...

and opium too in Afghanistan
The relationship between Afghanistan and opium dates back to time immemorial. While terrorism has destroyed the country, it is perhaps drug which will wipe out the nation from the world map Production of opium is growing frighteningly & even defeat of Taliban has not reduced its production. It has a shocking 193,000 hectares under opium cultivation which produced 8,200 tonnes of opium this year, which is a 34% increase over last year. No other country in the world has ever cultivated on such a deadly scale. Close investigation has indicated that opium production in poverty stricken central & northern region is decreasing while that of in rich southern region has detonated to an unprecedented level. Five provinces from south supply 70% of total opium while Hilmand alone provides 50% of country’s production. It is easier to drop missiles and kill a few perpetrators but more difficult to change a way of life and lure of easy money which is imbibed in a civilisation for centuries. Perhaps NATO and the US are learning it the hard way now.

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Source : IIPM Editorial, 2007

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

Thursday, January 10, 2008

A perfect blend of sitar and violin...

On August 28th, Delhi swayed to the melodic performance of the acclaimed pop classical violinist Vanessa Mae. The show began with the notes of the sitar maestro Ustad Nishat Khan and a musical piece by the young prodigy Vanessa, followed by the much awaited jugalbandi between the renowned sitarist and the talented violinist. Sponsored by Seagrams 100 Pipers pure music, the packed auditorium and the cheering crowd were enough to give a ‘thumb’s up’ sign to the organisers. Bestowed with thunderous applause at the fall of the curtain, this perfect combination of talent and glamour definitely succeeded in making a mark among the music lovers of India as well.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Wednesday, January 09, 2008

Holcim in love with India

Someone has rightly said that real heaven lies in India. And to vouch for it, we have no other than Markus Akermann, the man at the helm of Holcim – world’s leading cement company, straight from the lands of world’s most beautiful country, Switzerland. Akermann in no time cracked the brass tacks of Birla Cement empire via taking controlling stakes across couple of companies. Currently, he is making his company’s foundation more firm in the country. The company plans to acquire 3.9% of Ambuja Cement Ltd. (ACL) at Rs.154 per share, in total for $220 million, from the founding families of the company. This buyout will also cross the limit of 5%/FY for Holcim. Therefore, as per the Indian takeover code, the company is making a 20% open offer to the public @Rs.154 per share and in total for $1.12 billion will be pumped for this.

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Source : IIPM Editorial, 2007

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

Tuesday, January 08, 2008

Turn a pro with Intel power!

The new vPro chip technology has been launched by Intel Corporation. A platform technology, vPro is a compilation of chipsets, a Core 2 Duo processor and other elements. Centrino, introduced in 2003, was Intel’s first platform technology. vPro ensures security of business personal computers in an enhanced manner, that entails filtering and defending against possible virus attacks. This advanced platform allows turning on and turning off desktop PCs which are on the company network, despite hard disc failures or corruption of the operating system. The list of PC makers that are selling Intel vPro desktops and notebooks in include HP, Lenovo & Dell. It appears that Intel is now indeed innovating to keep competition at bay. With arch rival AMD already doing much to gain market share in the US and other Intel strongholds, there is no way out!

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Source : IIPM Editorial, 2007

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

Monday, January 07, 2008

Who would bear the losses, eh?

Sprint Nextel Corp. is in a position to lose a $2 billion investment in a new phone characteristic, if a court blocks Qualcomm Inc. from making the required chips. Qualcomm executives have intimated the court that there will be huge losses due to it. Qualcomm rival, Broadcom Corp., has asked US District Judge James Selna in California to eternally bar its rival from making chips enclosed by three Broadcom technology patents after an 18 month phase out period. A board of judges found in May this year that Qualcomm invalidated the patents, including one associated to walkie-talkie technology that Sprint plans to imbibe in phones in the first quarter of 2008, known as the QChat.

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Source : IIPM Editorial, 2007

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

Thursday, December 13, 2007

Pre- Clinton methodology

To top it all, consider 2.6%, 2.0%, 2.5%, 0.6% & 1.9% – a string of five quarters of below 3% growth, which has only happened 12 other times in the past 60 years. One can go on and on with statistics. But, the figures would appear to be even more disappointing considering the fact that all official indicators by the Federal Reserve, like employment, inflation et al run counter to the day to day experience of a common man! Take inflation for that matter, John Williams, an economist & specialist in government economic reporting calculates the Consumer Price Index (CPI) based on the pre- Clinton methodology and according to the methodology of the 1980s (no hedonic adjustments for quality improvements in manufactured goods & different weighting of the CPI basket of goods & services). According to him, adjusted to pre-Clinton Era methodologies, annual inflation was about 6.2%, in March and reset to the methodology of 1980, the SGS Alternate Consumer Inflation Measure rose to 10.2% in March (see chart to your right). US is perhaps already in recession, sans an honest admission by the Fed. But one must give them due credit for putting up a brave face, backed by a barrage of ‘cooked up’ statistics

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Wednesday, December 12, 2007

Anil appears most vulnerable

It is in the power sector that Anil appears most vulnerable. There is the uncertainty hovering over this sector because of the inability or unwillingness of state governments to reform and revamp the state electricity boards. Without this revamp, power generation remains a financially risky proposition because bankrupt boards simply do not have the cash to pay for the power that they purchase. But a bigger strategic threat, as mentioned earlier, is gas. When the brothers split, it was agreed that Mukesh-controlled Reliance will sell Godavari gas to Anil-controlled RNRL at $2.8 per mmbtu. The Ministry of Oil & Gas has put a spanner in the works (Anil camp loyalists say it was done at the prompting of the Mukesh lobby) by ruling that the price is too low.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Wednesday, December 05, 2007

Astounding patriotic commitment

But what kept Kihachiro and his team slogging on with an astounding patriotic commitment was the fact that Honda had drilled into this team that it was purely their vision, and not any other senior’s vision, that was going to determine how Honda fared in the US. In other words, the organisation was committed to zero vision at the top, but at the same time, passionately nurturing magnanimous vision at the level just below. The trust that the corporation placed in Kihachiro resulted in Honda capturing a mind boggling 50% of US market within ten years of entering its shores.

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Source : IIPM Editorial, 2007

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

Wednesday, November 28, 2007

'Colours'

Besides bottom-line bliss, even KNP’s top line has been showing remarkable numbers. Revenues have appreciated consistently with the growth being an outstanding 16% over the past half-adecade, and reached a gigantic Rs.14.84 billion. The company has also emerged the market leader in industrial, automotive & powder coatings in India. All this makes the picture appear perfect for the paints major. Moreover, the industry is growing aggressively at 15% annually and valued at a scintillating Rs.95 billion today. But while KNP basks in this new found glory, there still happens to be much unfinished work before it basks in the bright ‘colours’ of accomplishments. Where does KNP fall short?

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Source : IIPM Editorial, 2007

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

Tuesday, November 27, 2007

Really...Why at all

Indiabulls?
Oh come on! Don’t tell us that the first day you had heard about this corporation, you decided to put all your money’s worth into buying its stock?!? Of all the names you could have chosen, we’re sure, neither you nor any foreign investor would’ve even given a first glance to a company named after the plural male counterpart of the holiest animal in the nation. Or was it because the name was also used oft en to refer to the kings of stock exchanges, the bulls? Uhh, perhaps. Well, that’s what we thought when we first met the top executives of Indiabulls Financial Services at a full-day campus recruitment session at one of the leading business schools in India.

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Source : IIPM Editorial, 2007

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

Monday, November 26, 2007

Naxalism

One wonders how easily these critics iipmforgot about the billions our successive governments have had, and never invested on sincerely developing the situation of the underprivileged... Nevertheless, Naxalism today is nothing but an organised extortion racket at best, and a bloody terrorist organisation bereft of ideology at worst, oft en using the disguise of intellectualism to hide their real motive. So who takes the blame for this movement? Surprisingly, more than Naxalites themselves, the blame squarely lies on successive governments, who have never been able to provide productive employment, literacy, income, health services and a dignified existence to hundreds of millions of Indians. Think about it, after 60 years of so called ‘Independence’, India has 400 million poor. Naxalites have 400 million prospective members to recruit...

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Source : IIPM Editorial, 2007

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

Read More IIPM-Article:-

A tough Endeavour
Alarm bells
ICICI hai na!
Taking Taj to places...
Delhi to sip Starbucks first
A Fair and Handsome deal
Blackstone buys out Intelenet
Calling off the ‘Spice’y Idea!
HLL ‘Lever’ ages the power of Hindustan

Friday, November 23, 2007

DEFENSE: AIRFORCE

BARE FORCE?
...force a question mark

Technically the fourth largest air force in the world, the Indian Air Force probably never had it so bad. Especially at a time when the nation’s increasing geopolitical and economic importance is expanding the strategic paradigm of the country’s air force. The same schizophrenic indecisiveness, which has so far delayed the modernisation of Indian Army, has literally crippled the air force. While its dwindling fleet of ageing MiGs is forcing it to reduce the number of squadrons much below the sanctioned level, the indigenous production of Sukhois have not been able to keep pace with the desired level. While the government has been unable to bring out the tender of the much needed 126 MRCAs, the ageing SAMs are adding to the woes. This, at a time when China and Pakistan have been vociferously investing in their air forces. While we self defeatingly dither on crucial purchases, India’s government goes one step ahead and continues investing in the ostensible research capabilities of ISRO and similar inefficient domestic organisations, which have been able to deliver zilch!

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Wednesday, November 21, 2007

Vysya gets Ponting for ‘Zero’

ING Vysya, one of the country’s leading private sector banks recently launched its Freedom savings account, a product targeted at the middle income group. The account is available for all customers and promises freedom from the hassle of minimum balances of normal savings bank accounts. What made the whole deal a special affair was the presence of Australian Captain Ricky Ponting who was brought in to launch the card. Despite the fact that in India about 15% of such zero balance accounts go dormant within the first year of opening, ING Vysya hopes that on average, customers will maintain a balance of anywhere between Rs. 8,000 to Rs.10,000.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Tuesday, November 20, 2007

Calling off the ‘Spice’y Idea!

The merger deal between Idea Cellular and Spice Telecom that could have paved the way for consolidation in the telecom sector has been called off due to disparities in price. Idea, present in 11 circles out of country’s 23, was eager to expand its footprints in terms of its subscriber base, but retraced its steps because of the price being demanded by Spice Telecom. It’s learnt that Spice was citing roughly twice the value of the company, which was deemed unrealistic by Idea. According to officials there is no question of reviving the talks even after the Spice IPO hits the market.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Monday, November 19, 2007

WPP’s advance booking syndrome...

GroupM, the media buying agency of WPP Group is buying advertising time valued at around $1 billion from NBC Universal’s television as well as digital properties. It involves both day time and prime time programming. Bravo (the cable property of NBC), Spanish language programming and Internet sites are also covered by the agreement. Last year there had been confusion on the structure of the deals as previously the deals for the commercial time were based on the number of viewers. Since the introduction of DVRs, broadcasters as well as advertisers had to rethink. Nielson Media thus introduced live plus three, a rating method that tracks viewers watching commercials both live and on DVR. Supposedly, the NBC– Group M deal is based on this particular rating method.

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Source : IIPM Editorial, 2007

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


Friday, November 16, 2007

Bribe the officials

They bribe the officials and so it must be shut down...” Someone from amongst them further added, “Bagawali (a nearby river) has dried up. The water that we used to get at 70-feet below ground level is now difficult to get even at 100-feet today.” We were taken aback at the disclosure for sure! The owner of a medical hall also commented, “Water table is declining every year by 15-20 feet”. We were stunned – how could just one plant be the cause of drying up of a river? Nevertheless, such comments were but expected. The comments also aroused a sense of anxiety among us and once again we sought to investigate further.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Thursday, November 15, 2007

The river that dyes

Tirupur, the textile hub of southern India, has crossed Rs.110 billion in earnings from textile exports, according to Tirupur Exporters Association (TEA). But there’s a price for this too! And in this case, the price is something too much to bear. Here it is – the death of river Noyyal, a tributary of the Cauvery. The city which is located upstream, had used water from Noyyal for years for its dyeing industries. It is a known fact that bleaching and dyeing processes are water consuming and highly polluting. It has been calculated that Tirupur has more than 700 dyeing units. All the effluents with salinity and heavy metals from these units find its way into the river Noyyal, shockingly untreated! The water with effluents gets stagnated in a irrigation dam downstream at a place called Orathapalayam.

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Source : IIPM Editorial, 2007

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

Wednesday, November 14, 2007

The Last Lear to the rescue!

Big B has been talking about global warming, the Bigissue that has been creating ‘waves’ all around the world. When addressing the press a few days prior to the International Indian Film Academy Festival (IIFA), the acting maestro commended the academy’s efforts to propagate climate change issues, apart from offering the usual platter of glitz and glamour. He urged his fans (that includes most of India and the world) and the media to join hands in tackling this grave problem. And you know when the Shahenshah says something, it’s final!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Tuesday, November 13, 2007

Band Aid for Mother Earth

Musicians warm up to the cause of global warming
Till now we associated SOS with the distress signal of the International Morse Code that stood for Save Our Souls – an alarm that ships and aircraft s have oft en found to be their saviour and, has oft en been seen adding just the touch of drama to flicks or even to one of those thriller novels. But those three dots, three dashes and the final three dots might become better known to the future generations as the sign for Save Our Selves, a unique interpretation of the distress signal for a crisis unparalleled. Already the wheels of a mammoth movement have begun to turn and soon the young and the old, from Sydney to the United States are going to unite to take their first step towards saving their Mother Earth.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Wednesday, November 07, 2007

Numerous Actions with PETA

In what other ways can you spread the message?
Welliipm, as you know, I’ve done numerous actions with PETA to help get the word out. I traded in my red Baywatch swimsuit for a lettuce-leaf bikini for an ad promoting vegetarianism. I’ve narrated exposés of the leather trade in India and the meat industry in the US. Earlier this year, I spearheaded a petition drive against the annual seal hunt in Canada, where baby seals are still beaten bloody on the ice for their fur. I’ve fi red off letters, posed for posters, called on designers to create animal-friendly fashions, and even written an opinion piece for The Wall Street Journal, urging advertising executives to stop using unwilling animal actors to sell products. Everyone can do their part – whether it’s something as bold as attending a demonstration or as simple as making a vegetarian meal for a loved one. Every little bit helps – the important thing is to just do something.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Friday, November 02, 2007

BAPS Shri Swaminarayan Mandir, London

Imagine a complex that uses heat generated by a gathering of people to generate 20 KW of energy, uses energy-efficient lighting when natural light falls short and products that are made by CFC-free manufacturing methods. This wonderful product of human imagination, reminiscent more of a science park than anything else, is the BAPS Shri Swaminarayan Mandir in London, which planted 2,300 English Oak saplings in Devon to compensate for the 226 trees used in its construction! Advises Mr. Yogesh Patel, Head, Media Relations, of the temple, “Start with something, however small it may be, and then build on it. One constantly reads of India being a leading economy in the years to come and this is an opportunity for them to take a lead.” They even involved children during the construction, who collected over 5.5 million cans and 22 tonnes of aluminium foil for re-cycling!

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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