Many intermediaries are people intensive

First, many intermediaries are people intensive, so running them requires familiarity with the local language and culture. Second, intermediaries are information intensive, and it takes local expertise to access scattered information and analyze data of variable quality. Third, governments consider some institutions, such as media, banking and financial services, to be of national importance. They oft en prohibit multinational companies from setting up those institutions or force them to collaborate with local companies.

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Source:- IIPM Editorial

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2006 Gumpert Apollo – 11,531,163 INR

2006 Gumpert Apollo – 11,531,163 INR

True macho charm mated with raw power – no, we are not talking of Pam’s exboyfriend Tommy Lee, but a new breed of special super cars that debut this year – Gumpert Apollo. And one look at them would tell you why they are named after the Greek god of masculine beauty. Charged with Bi-turbo V8 engine, it can gun away at 360 kilometers per hour! Boasting of “two exhaust gas turbochargers and sequential six-speed transmission”, don’t forget your seat belts at least on this one!

Gold horse – 58,848,350 INR

Newly born Prince Hisahito in Japan is getting a $1.28 million rocking horse! Made by the renowned jewellery designer Ginza Tanaka, it weighs 30 kgs and is made of solid 24 karat gold! Shaped like a normal rocking wooden horse, but of course much more ‘fl ashy’! The designer is now taking manufacturing orders for the common folk. For some kids, it’s certainly a rocking childhood...

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Source:- IIPM Editorial

Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative