Things aren’t the way they used to be...

Flow of capital has to be reduced; BIS and the IMF must take action
One thing that is all pervasive from Washington to Wellington is ‘debt’ in its very true nature. Riding high on the profligacy of consumers & asset markets, debt has taken shape of all possible forms – from highly leveraged deals by the Europeans to growing credit card distress among Asian nations. But the assumption of fund managers about their gains from leveraged deals, those of who are issuing these credit derivative that the counter-party default won’t occur, and that of an ordinary consumer that credit cycle will continue to be like what it is now, is perhaps the biggest fallacy gripping fund managers & individuals. Optimism of investors is at an all-time high; the gap between the yield demanded by investors to hold high yield, high risk US corporate debt and government bonds fell to the lowest ever on June 5, 2007.

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Source : IIPM Editorial, 2007

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

Country returns: Growth & value

Global markets turned sharply higher in April, buoyed by stronger than expected earnings and a perceived belief that the US internationals have started to realize gains from their global operations. M&A continued with premiums growing & starting to impact potential target issues. 26 of the 27 developed markets posted gains in April, with an average gain being 6.61%; Japan, again, was the lone decliner, down 1.93% (off 1.31% last month). For the 3-month period, Japan (-0.72%) and Spain (-0.37%) were the only decliners, with the average gain being 7.03%. For the 12-month period, Japan posted the lone decline (-4.32%) with the other 26 markets averaging 32.40%. Emerging markets were equally positive with 22 of the 25 groups posting gains, averaging 7.68%; Jordan (-1.63%), Russia (-2.43%) and Taiwan (-1.07%) were the losers.

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Source : IIPM Editorial, 2007

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

Java Green Coffee shops

Yes, both are in a race to set up SEZs across the country. If Reliance Retail is bulldozing its way across urban India, Anil is also said to nurture retail ambitions through his Java Green Coffee shops that can be found at Reliance Infocom outlets spread across the country. The electoral defeat of Mulayalam Singh Yadav in Uttar Pradesh might have been a setback for Anil (the new Mayawati government has asked for a review of the ambitious SEZ in Dadri, near NOIDA); it just might be so that when it comes to clout at access to the powers that be, Mukesh enjoys an edge at the moment. Yet, no sensible analyst can afford to conclude that Mukesh has gone so far ahead in the race that Anil will well nigh find it impossible to play catch up. Says Jain of Indus View, “Mukesh gets a larger base to grow than Anil. In terms of being bullish, I would rate both of them on an equal platform. RIL has traditionally done well and has been riding high due to the gas pricing. Their foray into retail, SEZs, et al has firmly set them in the market and are bound to grow. ADAG, on the other hand, is into consumer entertainment, financial services and healthcare, which are high growth sectors and are bound to grow in the medium term in future.”

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Source : IIPM Editorial, 2007

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

Sibling rivalry may be an understatement

That the two brothers indulge in a bit of sibling rivalry may be an understatement. Equally true would be a perception that there is not much love lost between the two. There have been numerous tales of one-upmanship games between those loyal to Mukesh and others at the Knowledge City in New Mumbai that went to Anil Ambani after the split between the two in June 2005. Equally fascinating for gossip mongers are tales of how Mukesh is building a new residence in South Mumbai. Both seem to share an appetite for private jet aircraft s. Both have big plans for the media sector. Even as Anil Ambani is consolidating his plans for the entertainment sector after the acquisition of Adlabs, Mukesh throws his hat into the ring with speculation that he might finance Bollywood projects and production houses. Even as Anil struggles to launch the various power generation projects he has announced, Mukesh announces an ambitious power project for his Haryana Special Economic Zone (SEZ).

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Source : IIPM Editorial, 2007

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

Penchant for power

As we took an early morning drive from Aurangabad airport (which in itself is a class apart... as it looks like a small government office from the 1980s!) towards our destination, we were awed by the extremely quiet and serene surroundings. The city is literally untouched by the development pangs of the metros that we are so used to, even though we could find the usual agglomeration of MNCs having registered their presence in this historical place. And speaking of MNCs, Aurangabad is where the story of three entrepreneurial brothers took shape, who have created a consumer electronics behemoth (they proudly call it the Indian MNC), which is known to regularly made it to the front pages of the media for the right as well as the wrong reasons. This is the story of Videocon, owned by the Dhoot brothers, and our destination on the day was to the Videocon factory at Chitegaon – a few kilometres from Aurangabad – for a detailed interaction with the youngest of the three, P. N. Dhoot, President, Videocon Industries & Chairman, Thomson Tubes Display Systems.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

Penchant for power

As we took an early morning drive from Aurangabad airport (which in itself is a class apart... as it looks like a small government office from the 1980s!) towards our destination, we were awed by the extremely quiet and serene surroundings. The city is literally untouched by the development pangs of the metros that we are so used to, even though we could find the usual agglomeration of MNCs having registered their presence in this historical place. And speaking of MNCs, Aurangabad is where the story of three entrepreneurial brothers took shape, who have created a consumer electronics behemoth (they proudly call it the Indian MNC), which is known to regularly made it to the front pages of the media for the right as well as the wrong reasons. This is the story of Videocon, owned by the Dhoot brothers, and our destination on the day was to the Videocon factory at Chitegaon – a few kilometres from Aurangabad – for a detailed interaction with the youngest of the three, P. N. Dhoot, President, Videocon Industries & Chairman, Thomson Tubes Display Systems.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

A man & his Nivio...

.... can never ever be separated!!!
So far, if having your documents available on your e-mail, laptops or external drives meant portability to you, then better give a second thought. Venturing for the first time in India is an Online Windows-based Desktop by Nivio, that offers global access to a personal virtual desktop from any Internet-connected device in the world. All you need is a user name and password, and you can access your personal contents without even carrying them in physical form. Along with it, Nivio also offers many other ‘on demand’ services to its subscribers, like rental of soft ware applications, access to a library of educational content and expandable storage to keep all your data with you when you are on the move.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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

invasion of the tourists!

With the sun shining bright, it’s carnival time ahead for the Indian hospitality sector…
Gone are the days when the sound of foreign footsteps sent shivers down the spine of local inhabitants. In the present times, the more the foreign footfalls, the more advanced & economically progressive any economy is considered – in short, globally integrated! And with a staggering 4.5 million & plus foreign tourists in India during 2006 by the Ministry of Tourism, India seems no less a hospitable nation! Yes, driven by the booming Indian economy and soaring business interests, the influx of foreign tourists in India leaped ahead by a blazing 15% over the previous year thus leading to exorbitant earnings of $5.93 billion for 2005-06. So behind the rush and the gush of inflowing foreign dollars, there comes the real question – who’s the real
beneficiary of this boom?

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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