Monday, December 22, 2008

Beauties of California!

Back on the shore of SF, you can choose to travel through the city in cable cars which take you to the tourist spots, including Lombard Street, aka the ‘crookedest’ (most winding) street in the world. The eight sharp turns and a one-way street not only make you test your driving skills, but also your senses as you try to observe and admire the view of the beautiful houses and landscape around you but of also the distant Bay and the Golden Gate Bridge.

To conclude your active day in San Francisco, take a break from the travel and driving and stroll down the Piers, especially Pier 39. Robust with life and rife with live local musicians, this pier is suffused with the natural smell of walrus’s as well as the local farmer’s market. And with fine dining, available in the form of five star restaurants with a romantic setting, Pier 39 offers you all the variety for anyone and everyone, literally! My favourite destination in San Francisco is the stretch of Piers from 35 to 39, as I can walk along the Bay and get some time alone or go shopping across the street for local memorabilia and also satisfy my extravagant side by splurging in shops like Gap, Macy’s etc.

During my stay in California, my monthly mantra, without fail, was a trip to San Francisco to grab an escape from routine and a chance to imbue interesting atmospheres and cultures.....Continue

Thursday, December 18, 2008

Obama and Lincoln

Throughout his election campaign last year and this, President-elect Barack Obama promised to make US politics return to the bipartisan ethos. If his selection of people to fill the key cabinet posts is anything to go by, he has already scored here. From Chief of Staff Rahm Emanuel, to Economic Policy Advisor Lawrence Summers, to likely Secretary of State Hillary Rodham Clinton and to New York Federal Reserve's Timothy Geithner as the new Treasury Secretary and Commerce Secretary Bill Richardson; all are veteran Washington hands and belong to different ideologies altogether.

While Geithner has lent a hand to direct efforts to soothe financial markets and stressed that banks vital to the worldwide financial scheme should function under an integrated regulatory scaffold, Clinton has a comprehensive profile both as a political person in charge in her own right, and as the wife of a former US President. Her appointment could help Obama mend the only chink in his armour – foreign policy. The passionate and plainspeaking Lawrence Summers has previously served as Treasury Secretary in the Clinton regime and is pegged by both Republicans and Democrats as the best hand to deal with the current crisis. Bill Richardson’s potential appointment as Secretary of Commerce will not only bring the much needed experience in that department, but will also inject confidence in the Hispanic community after disillusionments of the Bush era. The appointment of Tom Daschle as Secretary Of Health And Human Services is a tactical move to make the Left fringe of his party happy.....Continue

Saturday, December 13, 2008

Lt. Col. Purohit's case becomes murkier and murkier as the Maharashtra police contradicts what the central government has been saying so far.

By all available accounts of army officials close to him, Purohit has had a distinguished career. In an interesting twist, the ATS now hounding and investigating him, had hosted Purohit at their Mumbai headquarters in 2005 to deliver guest lectures and conduct a day-long training programme on “operational techniques and strategy.” Now, it appears, his process of de-learning could have begun. Surprisingly, the ATS which made these charges appeared cagy to defend them when the case came up for hearing before a lower court in Nasik last week, which is potentially a source of huge embarrassment for the government. Just how politically motivated is the ATS?

The case being made by the ATS is at total odds with the central government’s position on the blasts which laid the blame for explosions and horrendous deaths on Pakistan-inspired jehadis. In the case of Samjhauta Express blasts, the National Security advisor and India’s defacto intelligence boss, M.K.Narayanan, was categorical in his assertion that Islamabad was behind them. After months of pointing fingers at Pakistan-based Lashkar-e-Taiba, the ATS has made a U-turn and declared that it was actually Purohit who had supplied RDX used for the Samjhauta blast.

Questions one security official: “If Purohit masterminded Samjhauta blasts, what intelligence inputs did India give to Pakistan to act on in this case at the various anti-terror mechanism meetings?” It is a tricky question which provides no easy answers......Continue

Wednesday, December 10, 2008

Barack Obama

Said Nadkarni: "There is a degree of xenophobia among Americans — what is not like them is viewed with an element of suspicion. I think Obama is going to change that." Nadkarni was talking about how the public discourse on immigration affected her daily interactions with the American people. While she acknowledged that some Indian Americans had conflicting views on the candidate best equipped to address the key issues affecting them — such as the Indo-US civilian nuclear treaty and security — she herself never changed her mind about Obama.

A pre-election poll by the non-profit organization Bridging Nations immediately before the election had predicted that fully 81 per cent of Indian-Americans favoured Obama and Joe Biden, with barely 19 per cent rooting for John McCain and Sarah Palin.

McCain's steep drop in popularity in recent months is being blamed on the ongoing economic slump that brought down Bush's approval rating to below 30 per cent. Worse, McCain's choice of the inexperienced Alaska Governor Sarah Palin as his running mate found few takers among large sections of traditional Republican voters.

A national election exit poll conducted on behalf of AP and other major US TV networks said responses from nearly 10,500 voters after voting suggested that Obama had succeeded in mobilizing African-American voters to an unprecedented extent. He won 95 per cent of the black vote against McCain's 4 per cent. Moreover, Obama was also a major hit with the Hispanic voters whom Bush had partly succeeded in winning over in 2004. McCain led slightly among white voters.

But no surveys or polls are needed to conclude that the Americans know just what is good for them and the rest of the world. The melting pot that is the US of A has shown that the man holding its top job can be of any origin — and that black is better than white if it can deliver better.....Continue

Thursday, December 04, 2008

PAKISTAN : IMPOVERISHMENT

"In the last 30 years, we have not invested in our infrastructure, both physical and human. A lot of our infrastructure is non-productive and is falling apart. The basic problem is that the economy is not producing what it ought to. Our annual food production growth rate is one per cent, population is growing at 2.5 per cent per annum, so shortages are bound to occur," he said. Bengali believes that the Benazir Income Support Program would enable the poorest segment of the society, that earns Rs 5,000 per month, to boost its income by 20 per cent. He dismisses the notion that the bulk of the money earmarked for the scheme would be appropriated by a bureaucracy that is corrupt to the core.

"The money will be directly transferred from the ministry of finance to beneficiaries through an electronic postal system," he argues. About 3.5 million people would benefit from the scheme.However, given the track record of Pakistan, one could hardly believe that the bulk of the amount earmarked for families living below the poverty line would not be misappropriated by a corrupt bureaucracy working under still more corrupt ministers.....Continue

Monday, December 01, 2008

The last time i called you bro...

Porcupines are tricky creatures. When they fight, they leave each other bloody. And when they mate, it is no different. The same can be said about China and Taiwan. Landmark financial agreements inked between China and Taiwan this week have brought the long-time antagonists one more stride nearer to ending what is now a six decades long conflict. However, deep-rooted political divergences from a rupture that keeps the Cold War alive in East Asia threaten supplementary reconciliation progress in the near future.

Marking the highest-level contact between China and Taiwan's administration in 60 years, Taiwanese President Ma Ying-jeou met in brief with Beijing's most high-ranking herald for Taiwan, Chen Yunlin, this week post latter’s signing of the deal with his Taiwanese counterpart PK Chiang as thousands of demonstrators deafeningly yelled anti-China slogans outside.

Friday, October 24, 2008

What makes Bhiwani so different from other districts of India, indeed other districts of Haryana for that matter?

As Vijender’s semi-final match ends in a narrow defeat, Jagdish Singh, solemn but satisfied, emerges from his prayer room. Almost a legend in Bhiwani, the man, fed up with overcrowding and hidebound rules inVijender SAI hostel, mortgaged his house and other property, took loans from well wishers and friends and started this club in 2002, where he dispenses free coaching. As the medals and accolades rolled in, his colleagues and superiors at SAI, did the most predictable thing, they initiated a departmental inquiry against him on the charges that he takes money for his coaching. Still fighting the enquiry, Coach Jagdish Singh, gets a reprieve when the news comes in that he has conferred the Dronacharya award. The reprieve is that in more ways than one, as the award carries a cash prize of 25 Lakhs. “I will use this money to pay back my loans, the rest I will invest in this club and maybe get my motorcycle repaired,” he says as an afterthought. Famous for not taking any breaks, the club is open seven days a week. Singh gets right down to business as the evening rolls in and with it come some 100 kids with stars in their eyes and dreams in their hearts. “I say, give us money and hold us accountable if we fail to produce more medals in 2012,” he says, with the supreme confidence of a man who’s been vindicated. I could be wrong, but maybe he’s the difference between Bhiwani and the rest of India.....Continue

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).



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Tuesday, October 21, 2008

The Dark Knight!

Of all the July 4ths that Bennett hates, he’ll hate July 4, 2008, the most. While the nation rejoiced on this day, he had already been sentenced to 16 years in Federal prison the day before... all thanks to his Dark Knight acts at Refco


“I knew failing to disclose these filings was wrong. I know I was wrong. I deeply regret it,” is how Phillip R. Bennett pleaded guilty, with eyes full of tears, before the US District Judge Naomi The Dark Knight!Reice Buchwald, on February 15, 2008. And what was his crime? Well he literally killed a company!!! Bennett, the former CEO of Refco Inc., a New York-based leading financial services company, earned fame having made millions for thousands of his clients (even US Senator Hillary Clinton was one!). But there was the dark side to this knight... he mismanaged Refco’s clients’ equity and disguised $430 million of bad debts. During its heydays, Refco was known as the largest non-bank US futures commission merchant of commodities and futures. The company was founded in 1969 by Lt. Thomas Dittmer and his stepfather Ray Freidman (who also had a criminal record!) as ‘Ray Freidman & Co.’ in Chicago. It was eventually relocated to New York. Its base had swelled to 200,000 customers and $4 billion in assets by October 2005. Then doomsday occurred. Many experts claim that Refco’s flameout was one of the most spectacular financial failures in US history amid civil and criminal investigations. Between its IPO in August 2005 and its October 18, 2005 bankruptcy filing, more than $1 billion in investor capital evaporated from Refco’s coffers. Beat this, it took just four days for Refco to transform from being the world’s largest commodities and futures brokerage to a company worth nothing, making it the fastest crash of a publicly listed company ever!...Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Saturday, October 11, 2008

Rockers & shockers!

Imagine selling rock guitars when classical music comes into vogue! Surely, a difficult external environment can overwhelm the best of them. B&E profiles three key sectors that merit a mention for profitable or not-so-profitable reasons. psus, of course have been included for their prominence in the list

Sub-prime?: Who is he?
Despite global slowdown, interest rate uncertainties & mounting inflation, Indian banks have a great opportunity to move ahead. But consolidation is also looming on the horizon, says gyanendra kashyap

The paradigm shift in the dynamics of the banking industry is overwhelming; thanks to the continued strong economic cycle. A total of 23 banks made it to the B&E Power 100 list this year. This shows that we are either quite immune from the sub-prime crisis or the impact is yet to come.

Bankex, which trailed around the 3,000 mark a couple of years ago, crossed the 12,000 mark on January 14, 2008. Once dominated by public sector entities, the industry is witnessing unprecedented changes and shareholders are having the last laugh (even though 19 of the 23 are PSBs); and why not, for Indian banking has topped the charts in value creation in FY ’08 (Boston Consulting Group’s report entitled “Managing Shareholder Value in Turbulent Times”). What is more interesting is the sharp decline in NPAs (from 8% in 2000 to about 1% today). Private players as well as their foreign counterparts are making deep inroads into the highly untapped markets; on the backdrop of an efficient technological set up and customer service; and slowly and steadily increasing their market share. Estimates suggest that the duo have been adding 1% of market share on an annualised basis. Their growth in terms of market share (by total assets) has been phenomenal; in 2003, market share of private banks was 17.5% and of foreign banks was 6.9%; by the end of 2007, the private sector banks commanded 21.5% of the market share, while their foreign counterparts increased their share to 8% (Moody’s report). ICICI, HDFC and AXIS are challenging the PSBs both in terms of quality and profitability; nevertheless the banking major State Bank of India (SBI) still tops the charts as far as profitability is concerned. Market capitalisation of ICICI bank (on June 24, 2008) was at $18.01 billion (as compared to SBI’s mcap of $17.71 billion); ample reasons to suggest why Brand Finance Plc. has rated the brand value & mcap of ICICI as ‘very strong’; HDFC bank has been rated strong on the same parameters. Going by the current rate of growth and promises that the new players show (AXIS, HDFC & ICICI banks have respectively registered 62%, 39% & 34% surge in profitability), the day may not be too far when more of them occupy the coveted B&E Power 100 ranks....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Tuesday, October 07, 2008

Unwilling contestant

The AICC General Secretary tours the country to enlarge his constituency

For four years Rahul Gandhi did what he felt was right.Rahul Gandhi He seemed oblivious to advice from partymen. He concentrated on Amethi and his mother’s constituency, Rae Bareli and refused to look beyond these two constituencies. He delivered simple speeches. Unlike other politicians, he has refused to make empty promises in his speeches. And in an effort to take the higher ground, he has refused to play politics with the dead body of a farmer.

It is only after four years that an extremely adamant Rahul Gandhi has come out of his constituency to ‘Discover India’. This is again purely his decision. According to Congress sources, it is Rahul who has now realized that in politics one can not survive without playing mind games and do it all over the country.

Politicking may not be his cup of tea, but now it appears, Rahul is learning. From a man who believed in being a silent worker, the Gandhi scion is turning another leaf. Seeking to expand the Gandhi Nehru magic, he now spends nights with Dalit families, plays around with their children and enjoys photo-ops with Dalit children on his shoulders.....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Monday, September 29, 2008

Heritage entry fee hike in rupee

Tour operators are opposing the government's decision

India’s top tour operators feel put down by the government's move to make foreign tourists pay in Indian currency. According to the decision foreign tourists visiting monuments protected by the Archaeological Survey of India (ASI) will now pay the entry fee in rupee. Says an outraged Subhash Goyal, Chairman, Indian Association of Tour Operators (IATO): “Tour operators finalise their clients’ itineraries well in advance. Far from helping us, a fee hike would only create problems.”

From now onwards, each visitor will be charged Rs.250 or about $6 for giving a visit to a World Heritage Site such as the Qutab Minar, the Taj Mahal or the Ajanta and Ellora Caves, and Rs.100 for other monuments. This is a change from the previous dual tariff system under which the fee was $5 for World Heritage Sites and $2 for protected monuments such as the Red Fort & Purana Quila....Continue

Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Saturday, September 20, 2008

A woman on top

She is one of those rare women executives, who have thrived in a man’s world. And she has helped HDFC perform better.
Last week, as Renu Sud Karnad, Executive Director, HDFC, winged her way to yet another visit to the US, she had already taken a decision that thrilled the hearts of individuals who had taken retail loans from the corporation. Despite the fact that the Reserve Bank of India refused to lower the prime lending interest rates, Karnad had announced that HDFC would lower its home loan rates. Her’s was one of the first financial institutions to do so in recent times, when home loan rates had zoomed and lenders had been saddled with huge EMIs or increasing repayment periods.

In fact, Karnad, in her personal capacity, feels that interest rates have already peaked, and there are no macro reasons for another hike. But she was unwilling to say it on record. Instead, she said that RBI’s Governor has the unenviable task of balancing growth and inflationary pressures. “RBI Governor Y. V. Reddy is doing a great job, and has managed to achieve the objectives that any central bank would wish to. India is on a sustained growth path, and inflation seems to be under control,” she explains.

In the past year or so, Reddy has been worried about the unusual rise in asset prices across categories, he has felt that there is a bubble building up in sectors like real estate, and has tried his best to control the increase in prices without sacrificing on the growth front. For example, he has tightened the norms for real estate and home loans, thereby creating a sort of a slowdown at least in the small towns. But, at the same time, he doesn’t want investments to slow down considerably in the housing or real estate sector.

It is in this regard that Karnad’s move should be appreciated. If banks and institutions like HDFC can still lower interest rates, it will still spur demand despite the tight monetary policies of the RBI. It will create a win-win situation that will help the retail consumers as well as the policy makers. It will also turn out to be a relief for individuals, who have been saddled with huge outgo as home loans rates have steadily climbed from less than 8% to over 11% in the past couple of years.

Over the past many years, such decisions have defined the achievements of Karnad, who has maintained HDFC’s Numero Uno position in the housing sector. But it has not been an easy climb to the top of the corporate ladder. Especially for a woman, who has fought it out in a hitherto man’s world of Indian financial and banking services. “I was just lucky. I joined HDFC at the right time. So, it was slightly easy for me to reach the top. May be, the women who have joined in recent times, or my daughter if she joins the corporate world in the near future, won’t find it so easy,” explains Karnad.

What she means is that when she joined HDFC nearly three decades ago, the state-owned entity was on a growth path. So, anyone who joined at that time inevitably grew with the company. It was like joining a startup. Since you were one of the first to join, you participated in the successes – right from getting employee stock options, whose value jumped after the initial public offering, to grabbing a designation as you were one of the few who understood the philosophy and the strategy of the company.

eling in the corporate circles that women are better workers than their male counterparts. A senior woman executive contends that women tend to work harder as they have to prove that they can be as good, if not better, than men. So, HDFC sources explain how Karnad spent more hours in the office. In her early days, there were no fax machines, laptops and Blackberry mobiles, so one had no option but to be in office to receive communication on the telex machine.

In the same vein, women are known to be great multi-taskers. Unlike most men, who think and act sequentially, who complete one task at a time, women can tackle 4-5 issues at the same time. One of the reasons may be that women do it all the time at home – look after kids, listen to their in-laws, interact with their husbands – all at the same time. Therefore, they are adept at solving 4-5 problems at the same time. In financial services, where everything has become globalised, and where problems crop up at regular intervals, the art of multi-tasking turns out to be an advantage for women executives.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
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Tuesday, September 02, 2008

High-end diesel technology

Now, the world’s cheapest car moves into the third gear. With access to high-end diesel technology, and several options to locate its ‘cheap car’ factory (or assembly units), the Tatas seem to have got their back-end in place. Simultaneously, they had to look at the front-end; after all, Tata Motors wanted to sell the Rs.1 lakh car in as many markets as possible. It was meant to be a global car for global consumers. It is in this context that the Jaguar-Land Rover deal will immediately help it to tap the European market.

The Jaguar-Land Rover buyout becomes critical as the Tatas have failed to make a mark in foreign markets in the past. Prominent signage on the Team Jordan’s Formula 1 car preceded Tata’s exports of Indica to the UK; the car was marketed under the City Rover brand name. Even though the car did not do too well, it did give Tata Motors a foothold in Europe. Today, the company has agreements in various European nations to assemble the Tata Safari SUV, among other products. Sponsoring Narain Kartekeyan, India’s first F1 driver, was also a step to establish the Tata brand in Europe.

As you have probably realised, the Rs.1 lakh car has moved into fourth gear, and you are cruising at 60 kms an hour. But just drive along, as the puzzle is still not complete. The last few pieces have to still fall into place. Only then will you be able to figure out the real design behind the several decisions taken by Ratan Tata to turn his ‘small car’ dream into reality.

Despite being loss-making (see box), Jaguar and Land Rover are perceived as exclusive and high-end European brands. Even if Tata Motors gives full management autonomy to the acquired businesses, and sells their products the same way as Japan’s Toyota does with Lexus (without lending its name to reduce any form of brand dilution), it will still earn brownie points. The two European brands will help establish Brand Tata, at least in Europe. They will additionally help the Indian car maker to combat any moves by China to manufacture its own version of the world’s cheapest car.

“Tata Motors has a better image then the Chinese as it has a history of manufacturing, and has already acquired brands like Tetley and Corus,” says Autocar India’s Ashish Masih. It’s time to move into fifth gear. Tata Motors now has the technology, low-cost manufacturing options, access to developed markets, and a globally-recognised brand name. It is all set to launch the Rs.1 lakh car, which will be unveiled at the Auto Expo. Every cog in the design-manufacturing-marketing-branding wheel is in place.

So, while the world’s cheapest car is breaching the 80 kms an hour mark, it’s time to take a ride in another vehicle, the Tata Motors’ SUV. For years, Tata wanted to do an Indica with his range of SUVs. But Tata Sumo and Tata Safari have never been perceived as low-cost, entry-level, but stylish vehicles. Another Indian competitor, M&M, has done wonders with its Scorpio. Foreign players like Toyota too have fared much better. In the high-priced SUV segment, Tata hasn’t been able to make any inroads.

Land Rover will be a coveted catch for Tata as the brand represents one of the most-sought after SUV. The recently launched Range Rover and the updated Disco models have done well and can provide Tata with a platform to ride the international markets. Tata Motors may sell its products along with Land Rover’s, thereby amplifying both the visibility and reach of the indigenous SUVs. Before you think that it is not worthwhile to associate with a loss-making brand, listen to Ford UK’s John Gardner.

“The Jaguar-Land Rover business has been a profitable one in recent times; 2007 has been best ever year for Land Rover, better than 2005 and 2006.” This implies that Land Rover can effectively be used as a brand extension. Masih agrees, “Tata Motors will get access to better technology from Land Rover that can help the former to reposition its SUVs in higher segments.”

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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IIPM Delhi - Indian Institute of Planning and Management New Delhi ...domain-b.com : IIPM ranked ahead of IIMs

Monday, August 25, 2008

A Finnish bard

Nokia’s move into music is logical

What comes to your mind when you talk about the $159.9 billion Finnish giant Nokia? Obviously handsets, right? Yes, and that its ride in this regard of late has been wonderful is undeniable (with a global market share of 32.6% being proof). However, there is much beyond just handsets that this Finnish giant is in for these days. Putting words to practice comes its latest revelation to move into unlimited music downloads to its subscribers in collaboration with Universal group, through a venture called ‘Comes with Music’ announced on December 2, 2007. So is this move well-toned with the changing scenario in the cellphone industry?

Certainly, as Jeff Kagan, a telecom expert notes, “The cell phone industry continues to go through enormous change and growth and the wireless phone is growing past a phone. The next several years will be full of these types of announcements.” Alternatively, with the venture (which will become operational in 2008) guaranteeing Nokia upto $5 billion in added revenues on an annual basis, the strategy appears logical as Mike Grant, Head, Broadband and Media, Analysys Inc. asserts, “With this announcement, Nokia has stepped out ahead of the rest in bridging the divide between mobility and the Internet. Should Nokia successfully execute these developments and attract even a small proportion of their current 1 billion customers to this service, other operators and OEMs will have a mountain to climb to offer the same compelling proposition.” Surely, Nokia is laying down the gauntlet and moving away from being a pure device play into an integrated end to end consumer service organisation in the mould of Apple, or perhaps even bigger and better than Apple in the business as Grant asserts, “Nokia’s global market reach and scale make it a powerful competitor to all in this space, while Apple has a strong presence only in the US.”

Surely, Nokia’s has expertly diversified its revenue streams during the past couple of years. Its focus on software as its core strategy, unlike other phone manufacturers will enable it to ride into sectors that are inherently software focused, such as mobile web services and other services including music et al. And this radical strategic move automatically pushes Nokia up the value chain. With revenues for Q4 2007 estimated to touch $21,123.4 billion, representing a rise of 63.77% over Q3 2007 this move is all but a clear case of successful bundling; all to please its consumers. Enough reasons why it should be the market leader in this regard.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
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The Indian Institute of Planning and Management (IIPM)
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Wednesday, August 20, 2008

Deviating from the derivatives path!

New products will help minimise export of our capital market
Getting driven towards the complex or deviating your path from derivatives. Of course not, after SEBI’s decision to introduce seven new products in the stock market.

“Rather than allowing the trade to move offshore, they have allowed these products to be traded in India. If the trading environment is open, global investors would always prefer to trade derivatives in the home market and this psychological advantage is sought to be converted to a real one,” says Rajiv Shastri, Head – Business Development and Strategic Initiatives, Lotus India Mutual Fund.

Derivative market has experienced remarkable growth over the last five years. This new initiative will further open doors to various new opportunities. Select steps will bring much of the volume on Indian bourses, which are otherwise happening in offshore markets as of now. However Yogesh Radke, Derivative Analyst, Edelweiss Capital, feels that, “it will take a long time before all products get launched into the market. Few products like ‘Long Duration Options’ & ‘Mini Contracts’ are expected to get introduced by next 3-4 months.”

There was a void in the Indian market with respect to new products. But now??? Shastri believes, “If there was a void it would have been filled by offshore markets in the absence of any developments domestically. Having chosen to act, SEBI has laid the foundation for retaining the ownership of the market.” Exciting, bright, a long way to go... – are few adjectives, which resonates, describing the future of the derivatives market in the time to come in India.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
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Wednesday, August 13, 2008

Head-mounted display with two stereoscopic screens

Most of today’s VR systems consist of a head-mounted display with two stereoscopic screens positioned just a few inches in front of the eyes. Movement in cyberspace is simulated by shifting the optics in the field of vision in direct response to movement of certain body parts, such as the head or hands. Turn the head, and the scene shifts accordingly. The sensation is like being inside an artificial world the computer has created. As the user moves his head to look around, the images shift to create an illusion of movement. The user moves while the virtual world is standing still. The glasses also sense the user’s facial expressions through embedded sensors, and that information can control the virtual version of the user’s body. Most current VR systems provide only visual experiences created by computer-assisted design or other graphics/animation systems, but researchers are working on interface devices that add sound and touch. Experts agree that MMORPGs are our current epitome of VR. Various technologies (communications, AI, computing, interface) will affect us, and together these will shape society in the future. Eventually, VR may be delivered through direct computer-to-brain connections. This means that you could probably “jack-in” to a virtual world using a mechanism that connects the world with your brain. Sounds familiar? Yeah, that’s what the characters in the movie Matrix did all the time.

Remember Morpheus’ spine-chilling question – “What is real? If it is what you see and feel and smell, then real is nothing but electrical impulses analyzed by the brain.” If it were possible to connect your brain to the virtual 3D world, you could very well close your eyes and live a virtual life with all your senses intact. That’s what they do in the movie; but obviously, we are not ready with the cranium plungers yet. Such technology is still years away. We need economically feasible hardware, not to forget VR software so advanced, that it blurs the line between reality & virtual reality. But we’ll be there sooner than you think. Check out some software experiments showing promise.

Photosynth (http://labs.live.com/photosynth) from Microsoft Live Labs is a 3D image re-constructor that rebuilds entire environments based on hundreds of photos taken from different angles. The result is a web based photo browser that stitches photos into a seamless panorama in a true 3D environment. So, if you took enough pictures on your last trip to the Swiss Alps, go ahead and recreate a virtual 3D version of the snow-filled locales on your desktop.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

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