Showing posts with label IIPM Best B School. Show all posts
Showing posts with label IIPM Best B School. Show all posts

Sunday, September 8, 2013

Diary De Cannes

From the rolling of the red carpet to the unveiling of the masterpieces of the old and new, Saibal Chatterjee captures it all at the 66th Festival De Cannes… 
The 66th Cannes Film Festival is officially celebrating 100 years of Indian cinema. Amitabh Bachchan walked the red carpet on a rain-soaked opening day for the screening of Baz Luhrmann’s 3D adaptation of F. Scott Fitzgerald’s, The Great Gatsby. But neither the actor’s role in the film nor the lukewarm manner in which the international media, here, responded to the presence of one of Bollywood’s most popular actors was anything to write home about.

As if on cue, it continued to drizzle for the second morning. The sun shone through the clouds by the afternoon. However, the brightness in the air had no effect on members of the Indian delegation as they listlessly flitted in and out of the India Pavilion in the hope of seeing some action. The Indian films in the Official Selection were Amit Kumar’s Monsoon Shootout and the four-in-one Bombay Talkies, which were screened during the week. In addition, India had a film each in Directors Fortnight (Anurag Kashyap’s Ugly) and Critics Week (Ritesh Batra’s Lunchbox). Given that none of the Indian entries here were star-studded films, the focus was expected to deservedly shift to the likes of Irrfan Khan and Nawazuddin Siddiqui, while Vidya Balan quietly went about her job as a jurist.


Both the Mumbai actors are in Lunchbox, while Nawazuddin also has roles in Monsoon Shootout and Bombay Talkies. Never before has an Indian actor been in as many films screened in the official sections or the parallel events in Cannes.

Significantly, Nawazuddin had two films in Cannes last year – Ashim Ahluwali’s Miss Lovely in Un Certain Regard and Kashyap’s Gangs of Wasseypur.

Old-time observers of Indian cinema were a little surprised that the only Indian films in Cannes were Hindi-language ones, if one discounts Satyajit Ray’s Charulata, screened in Cannes Classics. Many missed the linguistic and cultural diversity that Indian cinema was once feted for.

Top officials of the Indian ministries of information and broadcasting, tourism and the National Film Development Corporation (NFDC), played co-hosts at the opening night party of the Marche du Film (Film Market) on the evening of May 17th on the Majestic Beach here.


It was only the second night of the festival and Indian filmmakers were conspicuous by their absence. They were, however, expected to be out in full force in time for the weekend when all the five films representing India in Cannes this year were scheduled.
   
Manjeet Singh, whose sophomore effort, Chenu, set in Bihar, is one of 15 projects from around the world that are in the 66th Cannes Film Festival’s l’Atelier, was the solitary standard-bearer at the market bash.

The Indian films scheduled for screening in Cannes got off the blocks with Anurag Kashyap’s Ugly, a psychological thriller that has thus far been under wraps back home. On the weekend, a restored print of Satyajit Ray’s 1964 masterpiece, Charulata, was unveiled in Cannes Classics at the Salle Bunuel. Also, on this day two first-time directors from India – Amit Kumar and Ritesh Batra – took their bows on the Croisette.

While Amit Kumar’s Monsoon Shootout , featuring Nawazuddin Siddiqui and Tannishtha Chatterjee, was accorded a Midnight Screening, Batra’s Lunchbox, starring Irrfan Khan, played as many as four times in Cannes Critics Week.

Both Monsoon Shootout and Lunchbox are among the 26 films screening across various sections of the ongoing festival that will be in the running for the Camera d’Or, the award given each year for the best debut-making director.

The week began with Bombay Talkies. The film by the four directors - Karan Johar, Dibakar Banerjee, Zoya Akhtar and Anurag Kashyap - was screened to mark the centenary of Indian cinema. Several interactions with the aforementioned contemporary Mumbai filmmakers was scheduled in the India Pavilion.

Also, Anurag Kashyap figured in the Directors’ Assembly to be presided over by Costa-Gavras. Three other directors – Haiti’s Raoul Peck, Norway’s Joachim Trier and Mexico’s Amat Escalante (whose new film, Heli, is competing for the Palme d’Or) – were on the panel. The filmmakers shared their experiences in the course of a discussion on “How we can make independent films today”.

Telugu cinema superstar, Chiranjeevi, by his own admission, always dreamt of making a trip to the Cannes Film Festival. And it took him a career switch to get here.

The Union Minister of State for Tourism, who has been in office since October last year, was at the India Pavilion here as the chief guest at an event to announce the initiation of a process to ensure single-window clearance for all film shoots in the country. “I was an actor for 30 years and always dreamt of coming to Cannes,” the minister said. “I had to wait to begin a ministerial career for the wish to be eventually fulfilled. It is a great honour that India is a special guest country of the 66th Cannes Film Festival,” he said.

Referring to the move to rationalise filming permissions in India for foreign and domestic crews, he said, “We will remove all bottlenecks in the way to ensure that anybody who wants to shoot a film in India finds the going easy.”

The setting up of a film facilitation board would mean that a filmmaker planning to shoot a project in India will have to fill only a one form and make a single application to the nodal body.

The news that made a buzz and would be a delight for everyone back home was that if the Information and Broadcasting Ministry has its way, a special purpose vehicle would soon be put in place for organising the next International Film Festival of India in Panaji, Goa from November 20 to 30, 2014. This was revealed here by the Information and Broadcasting Secretary, Uday Kumar Verma. “The idea,” he said, “is to streamline the conduct of the film festival.” Among several other initiatives taken by the ministry, one is the setting up of a panel headed by a retired high court judge to recommend amendments to the Cinematograph Act of 1952. “India has changed completely in recent decades and it is, therefore, time to have a relook at the censorship rules. Eminent people like Sharmila Tagore, Leela Samson and Javed Akhtar are on the committee,” said Mr Verma.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Friday, September 6, 2013

The Entertainment Jockey!

He's not the typical Adonis you'd be gaping at in awe or the hunk whose built and biceps you'd drool over. But Ayushmann Khurrana's dimple-marked-smile, the melody in his voice and the boy-next-door-attitude have won him a place right up there with the reigning stars as well as in the audience's hearts. With Pratishtha Malhotra, Ayushmann shares the story of his journey until now...

You've come a long way since winning roadies, being a RJ, a VJ, an anchor and now an actor. How does it feel when you look back?

It feels great. In fact, I’m glad that it is a gradual transition from one medium to the other. I don’t believe in overnight success. I’ve seen the industry as an outsider as well and it gave me a different perspective in working with people. I started as an anchor, a media person who used to take interviews and now I am giving interviews. It’s quite surreal. ‘Ive enjoyed my journey.

You did theatre before venturing into films. Tell us something about that.

Ya! I formed two theatre groups in Chandigarh; Aaghaaz and Manchtantra in D.A.V College. We started this in 2002 when I was in 1st year of college and these are the two active theatre groups in Chandigarh which are amateur, but very passionate. It is visible even today when they come to Mumbai for IIT-Mumbai or any of the fests. They are very gung-ho about theatre and are a very passionate bunch of kids and it’s good to be associated with such creative groups.

Do you think doing theatre was an advantage as we saw a very mature debutant in Vicky Donor?
I think it comes with experience. I have been doing theatre since childhood. My first play was in 5th standard where I played Shylock’s character in Merchant of Venice, a Shakespeare play. I’ve also been doing public speaking, theatre, music etc.  Besides, I was fortunate to play a Punjabi character that connected with the youth. Being a Punjabi myself really helped me. I could relate to the masses and especially to certain Dilliwalas. So I think it is a right mix of opportunity and experience that counts.

Then Nautanki Saala, again, was a film that required a lot of spontaneity and comic timing like Vicky Donor. So does this spontaneity and comic timing come naturally to you?
I think it is a natural talent, but having said that there’s a lot of effort also that is put into it. I think doing radio, TV, theatre, live anchoring is counted as experience but, yes, a natural and inborn talent for it counts too.

How was it working with Rohan Sippy?

Rohan Sippy is a very good taskmaster. Actually, he’s a hard taskmaster. In fact, we did a workshop for the film for 20 days and we were so well prepared to take the film forward.  So I think he is a great disciplinarian and it was great working with him.

So were there times on the set when you were scolded?
(Smiles) Ya, sometimes. It was the first time he was working without Abhishek Bachchan and we were newcomers in front of him. We were not really scolded but, ya, he was more like a teacher than a director.

You bagged the best singer Filmfare Award for ‘Pani da Rang’ and you had an expression of disbelief on getting it. Were you actually shocked?
You know, I was expecting the debut actor award, since that was what I got in other award shows, but the award for best singer was quite a surprise because I never aspired to be a playback singer. I would sing as a kid, but never took it seriously. When I came to Mumbai, I came to be an actor and not a singer though I enjoy music.  It is my passion but I never intended to take it up professionally. I am not a trained singer and didn’t pursue it because I always thought that I was more of an actor. So when the announcement happened at the Filmfare Awards for the best playback singer, it was unbelievable. Hence the expression!

You’ve sung two songs in Nautanki Saala too. So are there pplans of seriously considering playback singing?
I’m an actor, who also sings and fortunately my songs are doing well. ‘Saadi Gali’ is a chartbuster and ‘Tu Hi Tu’ is doing pretty well. But still, I am an actor who sings and not a singer who acts.

We’ve heard you write poetry as well…

Ya. Infact, these songs, ‘Paani Da Rang’ and ‘Saadi Gali’ were written by me. I’ll be writing songs in the future too. I like poetry and I also have a blog in Hindi. I’ve done public speaking and theatre in Hindi. My mom is MA in Hindi and my love for literature comes from there.

You act, sing, write poetry and have done journalism as well. Were you planning on stealing everyone's job?
(Laughs) Not really. Basically, I didn’t want to study theatre because I was already doing theatre, but I wanted to study something and do my post graduation. Journalism and Mass Communication was something is chose because it was connected to the media industry and it really helped me to be a better presenter of television.

Your next is a Yash Raj Film with Sonam Kapoor. Tell us something about that…
It’s a love story in the times of recession where I play a guy who is a corporate person based out of Delhi and Nupur Asthana is directing the film. I’m very excited about it. The characters are very nice. There are three characters in the film - Rishi Kapoor Sir, Sonam Kapoor and I.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Monday, June 3, 2013

One for the road! A practice discouraged

India’s ambitious highway development programme lies in a shambles. With major developers pulling out of projects and a few takers due to severe liquidity crunch, the lifeline for India’s economic development is on life support. By Parimal Peeyush

That highways is the lifeline of a developing country is common sense. These roads not only provide the most cost-effective mode of transport, but connect capitals, ports and places of strategic importance and are crucial for trade and commerce. Any government with the basic desire to fuel economic growth would put in place an efficient network of roads on its list of top priorities.

The India story under the ruling UPA II however reads different. Considered to be the most important sector of India’s infrastructure after power, the highways sector lies in absolute shambles. Against its ambitious target of awarding 9,500 km of road length of projects during FY2012-13, the government, through the National Highway Authority of India (NHAI), had managed only 837 km until January 2013.

Earlier this year, two major developers – GMR Highways (a subsidiary of GMR Infra), and GVK Power & Infrastructure pulled the plug on two high-profile road projects collectively worth more than Rs.100 billion. The two projects included GMR’s Rs.77 billion Kishangarh-Udaipur-Ahmedabad project and GVK’s Rs.30 billion Shivpuri-Dewas project in Madhya Pradesh. The exits, as per official statements released by the companies, was fuelled by delays in getting mandatory environmental and forest clearances and issues in land acquisitions. Several other firms who had won contracts with the NHAI for highway development too are either struggling for want of bank loans or are stuck in contractual disputes.

Last year, the NHAI had drawn some serious flak from the Comptroller & Auditor General (CAG) for a potential loss of Rs.8.74 billion on account of delays in completion of projects that were meant to connect major ports through highways. The authority also incurred a revenue loss of over Rs.1.27 billion on account of delays in setting up Special Purpose Vehicles (SPVs), the report said, adding that while five of the Rs.31.57 billion projects were incomplete, four saw delays of up to 53 months. “Potential loss of toll revenue, due to delay in completion of PRC projects, worked out to Rs.8.74 billion,” the CAG said in its report tabled in Parliament.

“Investment in road sector has collapsed in FY2012-13, with scant interest in new projects, large delays and poor execution in existing projects,” RBI too said in its macroeconomic review for Q4, 2012. As per the central bank, almost half of the 563 central government infrastructure projects of Rs.1.50 billion and above were facing delays, with a majority of the projects in power and roads sectors. As a result, banks have also become extremely wary and developers are finding it extremely difficult to secure bank loans, which are essential for financing such big-ticket projects.

NHAI Chairman R. P. Singh, however, contests the fact that delays in clearances and disputes have forced developers to quit. “Basically, in our view, as to why they are walking out of these two projects is the change in economic scenario and escalation of cost,” Singh said, while adding that arranging huge private equity is a major problem. As per RBI, the GVK project requires an equity of Rs.15 billion, while that of GMR requires Rs.20 billion. Clearly, the companies have found it impossible to raise the required funds. Singh added that NHAI sympathises with the two major players but was not ready to accept the reasons for termination of contracts as the same are “not tenable”. No stranger to being at the receiving end for project delays, Environment Minister Jayanthi Natarajan denied allegations that delays in getting a green nod is holding up road projects and said there was no delay “even for a day” in granting clearances. Sources, however, inform the magazine that about 20 highway projects are awaiting clearance from the Ministry of Environment & Forests.

“The road construction sector has reached a certain level of maturity. But it faces challenges... Hence, the government has decided to constitute a regulatory authority for the road sector,” said Finance Minister P. Chidambaram in his recent budget speech. The FM further stated that bottlenecks stalling road projects have been addressed and 3,000 km of road projects in Gujarat, MP, Maharashtra, Rajasthan and UP will be awarded in the first six months of FY2013-14. While the FM expects Rs.55,000 billion investment in infrastructure during the 12th Five-Year plan, and 47% of it from the private sector, companies are not as confident. Reason being that many infrastructure investments are stuck at various stages of approvals due to regulatory hurdles.

On its part, the Ministry of Road Transport and Highways (MoRTH) has finalised a proposal for awarding projects under a modified engineering procurement and construction (EPC) mode. “To overcome the economic slowdown in this sector, MoRTH has finalised a proposal for awarding projects under new modified turnkey EPC mode under 100% government funding in cases where there are no takers under BOT (toll) mode,” said the Economic Survey 2012-13, tabled in Parliament. This mode of delivery will also take care of cost and time overruns and the ministry has pinned all its hopes on the EPC mode. Under the EPC model, the government spends the entire money required to build roads so as to attract builders who are shying away from highways projects for want of funds. The Survey also suggests easing exit norms for developers. Detailing steps to boost the sector, it said the NHAI Board has approved formation of an expert settlement advisory committee for one-time settlement of old cases pending in courts.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman

ExecutiveMBA

Friday, May 31, 2013

"If militancy and gun culture resurface in Kashmir, responsibility is India's"

The oldest surviving hardline separatist, Syed Ali Shah Geelani, after being released after a 19-day house arrest in New Delhi following the execution of Afzal Guru, tells Aditya Raj Kaul in an exclusive interview that India should be prepared for the consequences of the hanging.

What was your first reaction to Afzal Guru’s hanging?
Afzal sahab was hanged at February 9 at 9 am; Delhi Police personnel in large numbers entered my room. Lady constables were made to sit in the next room. The male police officers were in my room. There was no formal document or an able officer who could explain why I was being kept under house arrest. They probably thought that after Afzal’s martyrdom, I will fly to Srinagar to be a part of the protests which would follow. My intention was indeed to return to Kashmir, which they anticipated quickly. For 19 days, I was kept locked in these two rooms. Most painfully, for the first 32 hours, the security personnel did not even leave my room, neither was I allowed to go out. Even when I prepared for the Friday prayers, I was not allowed to go. It was a Congress decision in haste. They did not apply their minds. BJP wanted Afzal to be hanged and the Congress played along, thinking they could use it as ploy against the main opposition party in the upcoming elections. That is why they hung Afzal, without leaking any information. It was a judicial and a political murder. Afzal himself was not part of the group which attacked the Indian Parliament. All the attackers were killed on the spot. At that time, I had condemned the event in the strongest possible terms. These are terrorist actions and we’ll never agree with them. Afzal was never given a chance in the trial court, he was not given an opportunity to defend himself. It was a human rights violation that even the family wasn’t informed before he was hanged.

The execution was followed by a blanket curfew in Kashmir.

That is very obvious. India’s actions are so brutal that it is clear that she wants to remain in Kashmir on the basis of brute force. They do not want people to get their birthright, they do not want democracy and freedom to speak, write and travel. All our basic rights are being crushed. Before coming to Delhi in December 2012, I was kept under house-arrest for nine months in Kashmir. The same happened in 2011, 2010 and 2009. Even when my son-in-law Iftikhar’s father passed away, I wasn’t allowed to attend the funeral. I cannot attend wedding ceremonies of relatives. India’s attitude only shows their arrogance. Curfew is clamped and four youngsters have been killed.

You were at Jantar Mantar protesting Afzal Guru’s hanging. What were you demanding?
I was at Jantar Mantar to talk about India’s lapses. When I reached Srinagar on March 7, I was picked up at the airport and taken home, ostensibly for security reasons. There is a lot of official security at home. It’s a lame excuse to hide India’s brutality. What can I do if I am not allowed to meet my neighbour Afzal Guru from Sopore? I wanted to go to meet Tabassum beti to offer my condolences directly from the airport. It is my moral responsibility and right as a Muslim. Our demand is that Afzal’s dead body should be returned to the family since they can offer prayers as per ritual. It will bring a sense of satisfaction.

Did Omar Abdullah have a role?
Home Ministry had released a statement soon after the hanging which stated that “we have taken the Chief Minister of Jammu and Kashmir into confidence”. This means that the Chief Minister was taken in confidence well in advance. Now if he says we were not asked or we didn’t know anything, these are crocodile tears. Just like Farooq Abdullah had signed Maqbool Bhatt’s death warrant, Omar Abdullah is involved this time.

JKLF Chairman Yasin Malik shared stage with most-wanted terrorist Hafiz Saeed in Pakistan.
(laughing) This is an irrelevant question for me. No need to answer it.

I interviewed Hizbul Mujahideen commander Syed Salauddin in June last year. He said armed struggle in the valley will never stop. Hasn’t Kashmir seen enough bloodshed?
The responsibility of armed struggle of 1990 lies with India. They are not ready to resolve the dispute according to the commitments made through peaceful means. When you push a community to the wall, what is the alternative? If militancy and gun culture re-surface in Kashmir, the responsibility lies on the Indian government and not the people of Jammu and Kashmir. In 2008 and 2010, lakhs of people came out on the streets in protest but India took no notice. In 2010 an Indian parliamentary delegation came to seek commitment for talks. No one says no to talks. I am ready for talks but they have to be meaningful and result-oriented. That cannot happen till India agrees that Jammu and Kashmir is not a part of India and is a disputed territory. This should be followed by removal of armed forces and release of political prisoners. This will pave the way for talks. Otherwise we’ve had talked more than 150 times without any result. What is the alternative? Should we submit to the rule of the armed forces in Kashmir?


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Tuesday, May 28, 2013

Book Review : Seven Deadly Sins

From hero to zero

Somewhere in the middle of this 430- page exposé of Lance Armstrong, journalist David Walsh recounts the story of his son, John, who died when he was all of twelve. Never afraid of asking questions and never holding anything so sacrosanct as to believe in it unquestionably, John once had a tiff with his teacher at his school. In the Bible class, where the nativity story was being recounted, his teacher insisted how Joseph and Mary lived a modest life. Confused and intrigued in equal parts, Walsh’s son shot back, “If they were so poor, what did they do with the gold they were given by the three wise men?” Heartbreaking as it might sound in retrospect, it tells us something about the Walsh family.

The Lance Armstrong saga can safely be adjudged as the biggest saga of triumph and eventual downfall in the history of sports in living memory. The story of a cyclist who fought and recovered from testicular cancer and went on to win a record seven Tour de France titles, and then followed it with a bestseller biography and a behemoth of a charitable organisation, appeared too good to be true to many. However, it needed immense courage to delve deeper. And one person who did that, David Walsh, the Irishman who works as the Sunday Times’ chief sports writer, found out that the going was tough. “He’s not the messiah, he’s a very naughty boy,” he had commented in his measured understatement. In unearthing the truth, he did one heck of a job. And, Seven Deadly Sins: My Pursuit Of Lance Armstrong is the product of that perseverance.

Completed a couple of months after the release of USADA’s ‘reasoned decision’ document that accused, with solid evidence, that Armstrong was the ringleader of “the most sophisticated, professionalised and successful doping program that sport has ever seen”, the book traces Walsh’s rather elongated and difficult pursuit to unearth what many say was the single biggest cover-up in the history of cycling.

Readers will benefit to know that this is not Walsh’s first book on this topic. It is his third. He has penned L.A. Confidential: The Secrets of Lance Armstrong and From Lance to Landis: Inside the American Doping Controversy at the Tour de France, both dealing with the same issue. However, it has not been easy to pursue this case. Because of stringent libel laws in the UK, the books attracted an unusual amount of litigation, a few leading to subpoena as well.

The book describes the troublesome period, including how it all started. Walsh admits that he was kind of soft in his early career, especially when he started covering Tour de France in 1982, partly because he loved the sport and partly because he loved the sportsmen, his compatriots, Sean Kelly and Stephen Roche. And since he was writing the biography of Sean Kelly, he chose to under-report the clear evidence of doping on Kelly’s part. Similarly, he was mighty impressed by Armstrong during his early stint and confessed that he wanted to like him.  “He had something inside that made him unlike any other young sportsman I had met. Radioactivity,” he writes.

However, something changed after the Michelle Smith controversy during Atlanta Olympics. When the ace swimmer was caught tampering with her urine sample after a splendid performance, Walsh and other journalists started to see performances more cynically. By the end of the decade, that cynicism grew into scepticism and the first sportsperson that caught his radar was Armstrong.

He was the first to report that Armstrong had worked with tainted Dr Ferrari. The report set the world against him. He was called names and variously referred by Armstrong, his entourage as well as the fraternity as a “fucking little troll” and “the worst journalist in the world”.

It was around this time that brought names like Paul Kimmage, Betsy Andreu, Greg LeMond, Pierre Ballester and Emma O’Reilly to the forefront and started building evidence against Armstrong.

Though at times it might appear vindictive, the book is a great work of investigative journalism that tested the limits of the writer’s credibility, conviction and more importantly perseverance. It is not without it flaws though. The later chapters appear to have been completed in haste.  Also, while much of the book is based on painstakingly gathered primary evidence, the last section is dependent mostly on secondary sources.

Read more.....

Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles

Wednesday, May 8, 2013

INTERNATIONAL CORPORATION: GENERAL MOTORS

When GM went broke four years ago, not many gave it a chance to come back from rehab. Those Cassandras are now eating their words as the lumbering giant strikes back with a vengeance.

But despite making the most of the opportunities in the past year, the real test of GM’s ability will be to consolidate and expand its market share without diluting its profitability. Already, Toyota has come out with its sales forecast of 8.48 million units for the current year, Volkswagen is pulling out all the stops to top the industry league tables by 2018 and Ford is on track taking its One Ford strategy to the next phase that might give it a fair shot at becoming market leader. In other words, GM is up against the most competitive automobile market in its history and its ability to continue delivering stellar results is bound to come under increasing strain. “GM has to push harder to get ahead of the curve to compete head to head with other companies in all market segments globally,” says Laurie Harbour, President, Harbour Results, an industry analyst.

But after clawing its way to the top the hard way, GM is not likely to give ground either. The company made $8 billion in profits last year (a record high!). In fact, it is planning to raise its profit margins from 6% last year to 10% this year (on par with its best-in-class rivals such as Hyundai and BMW). It is expected that this move will help GM to post $10 billion in profits in the current year. However, one irritant is its share price, which even after such a bullish forecast, is still hovering around the $25 mark. For the investors to recover all their money, GM’s share price should reach $53 (which is still a distant dream for the company). Another nettlesome issue is GM’s European business, which continues to haemorrhage copius red ink. The carmaker took a hit of $580 million in losses in the first nine months of 2011, and fourth-quarter results, whose announcement was being awaited when this story went into print, were expected to come in even worse.

Despite the odds, GM will continue to be the market leader this year as well. Toyota’s 8.48 million units sales forecast for this year will just be good enough to make it second best. But although GM sales are growing globally, the company will need to focus beyond sales numbers to improving its overall financial health. To avoid any kind of financial let-down in future, GM needs to beef up its profitability and pump more growth in the markets it operates in. To its credit it has been making serious efforts to amplify its product range with fresh line-ups and models. Last year it turned out new small cars and mainstream SUVs. Now GM is focusing on strengthening its roster of higher-profit, luxury models for its Buick and Cadillac divisions.

With sales on a rebound and with new products to offer, GM can look forward to keeping its competitive metabolism cranked up.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
BBA Management Education

Tuesday, May 7, 2013

Pneumonia wins in India

The government needs to urgently take steps towards mass prevention and cure

November 12 is marked as World Pneumonia Day. But this year, the World Pneumonia Day brought some horrifying numbers in tow. The third annual International Vaccine Access Center’s (IVAC) Pneumonia Progress Report 2012 reveals that nearly 1,088 children under 5 years of age die every day in India, an increase by 6.7% from 2008.

In a developing country like India, young children under the age of 5 are often victims of pneumonia owing to malnutrition, unhygienic surroundings, overcrowding and pollution. Lack of awareness and education among the poor often leads to delays in treatment, with fatal consequences. Recent estimates from the United Nations Children’s Fund (UNICEF) show that pneumonia continues to be the number one killer of children not only for India but also across the globe – causing 18% of all child deaths – which means an estimated 1.3 million child deaths in 2011 alone.

WHO has recommended the inclusion of the pneumococcal conjugate vaccine in countries that have an infant mortality rate of more than 50 per 1,000 live births. Shockingly, India has not included the pneumococcal vaccine in its immunisation programme simply because it is expensive (Rs.3,800 per dose!). That is unfortunate, since the newest generation of pneumonia vaccines would have successfully protected our children from 23 common strains of the disease.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
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Monday, April 29, 2013

National

RBI: interest rate cuts
Apex bank leaves India Inc. disappointed
Seems that the stalled growth engine of India Inc. will have to wait for some time more before it gets some further rev ups. In its latest review of monetary policy, the RBI decided to keep benchmark interest rates and cash reserve ratios unchanged, leaving many market participants and analysts crestfallen as they were hoping for further cut in policy rates. On the contrary, the central bank warned that reducing key policy rates at this juncture could accelerate inflation rather than spur growth. This stand of RBI is in divergence with its earlier stated policy of bringing down the interest rate if core inflation is below 5% (core inflation was hovering around 4.9% at the time of the announcement.) Currently, repo rate (the rate at which RBI lends funds to other banks) and cash reserve ratio are at 8% and 4.75% respectively. However, RBI has increased the limit of export credit refinance from 15% of outstanding export credit of banks to 50%, which will potentially release an additional liquidity of over Rs.300 billion, equivalent to about 50 basis points reduction in the CRR. But RBI’s stance is going to baffle foreign investors no end. After a span of two years, even China has now started to reduce its interest rates in an attempt to boost the economy. Brazil, another member of the BRICS club, has also been cutting its key policy rates for quite some time. Even a recent report of rating agency Moody’s has said that India could turn out to be the weakest amongst all BRICS countries.

Oil: high diesel demand
Private refiners make hay
Due to the huge difference in the prices of diesel and petrol, the demand for diesel in the country has shot up. So much so that demand outstrips supply by a wide margin. Demand for diesel has skyrocketed and exceeds supply because of petrol prices, which is 70% costlier than diesel. As a result, PSU oil refiners have been forced to buy diesel from Reliance Industries Ltd and Essar Oil. State run oil firms like Hindustan Petroleum, Indian Oil and Bharat Petroleum are buying nearly 15 million tonnes of diesel per year from the two private refiners. Essar Oil operates 1,391 operational outlets, including 249 under construction. Reliance has about 700 operating outlets. The private refiners are able to charge diesel at international prices from the PSU refiners leading to huge windfall gains for the former. On the contrary, state firms are suffering a revenue loss of Rs.10.20 per litre of diesel they sell in the retail market. IOC, India’s biggest oil refiner with a capacity to process 66 MT crude oil, annually bought about 42% diesel from other domestic refiners in the first two months of the current financial year. The company produced 4,485.4 thousand metric tonne diesel in first two months of the current financial year against a sale of 6,371.2 TMT in the same period. According to oil ministry’s data keeper, Petroleum Planning and Analysis Cell, while petroleum consumption recorded monthly growth at 0.2% in April (lowest in the last one-and-half years), about 47% of total consumption in that month was of diesel. “This is one strong indicator of dieselisation of the economy due to price distortion among competing fuels,” PPAC said in its latest report. Diesel rates in the country are frozen since June 2011. It is sold at Rs.41.29 a litre in Delhi while petrol costs Rs.70.24 a litre in the metro.


Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
For More IIPM Info, Visit below mentioned IIPM articles
 

Wednesday, April 24, 2013

“True entrepreneurs don’t start rich”

Stephan Gary Wozniak, Co-founder of Apple Inc., in an exclusive interview with B&E talks about the notable traits of successful entrepreneurs, and how he rates the late Steve Jobs as an entrepreneur-leader

B&E: How do you define “entrepreneurship”, since you were key to creating Apple as a company, and what prime qualities should an entrepreneur possess?
Steve Wozniak (SW):
I don’t have a good definition of entrepreneur. I’d go with the popular opinion. It’s usually a young person but could be an older person who is young at heart. It’s a person who wants to start a company and get going on his or her life toward making a lot of money.

B&E: How critical is passion as a success factor for an entrepreneur to succeed?
SW:
Some entrepreneurs are motivated by passion to do a particular thing. Others just want any opportunity to have a business of their own. They all want to, at least partly, escape from working for others on this project. Usually entrepreneurship involves creation and engineering. Bright engineers get ideas and become entrepreneurs to bring them to fruit. Often an engineer or scientist creates some sort of working model in their home or garage first.

B&E: And what do you have to say about young graduates who make a mark in the world of entrepreneurship?
SW:
These days many graduate from college with entrepreneurship training and they look for ideas or come up with ideas with little or no understanding of what it will take or if it’s possible. They assume that once they get funding for an idea on paper they can find engineering as a resource anywhere in the world. This is the business graduate. The best is when both disciplines, engineering (science) and business, are in the same person.

B&E: How would you rate the late Steve Jobs as an entrepreneur and what were his top qualities (and weakness, if at all) as an entrepreneur and a leader?
SW:
Steve was one of the greatest. He didn’t do the engineering but he understood it better than pure business types. He always recognised the importance of it and hired the greatest engineers. I was his key in the early days but he did not make a mistake. In later times it was clear that he understood the importance of all the departments of a large company and insisted on hiring some of the best people in the world in every one of these departments.

B&E: So you say that for Steve Jobs, being around engineers helped him emerge as a successful CEO-leader?
SW:
When Steve was young he had a huge spirit to form a company as a way to bring his great ideas to the world. He thought fast and had ideas about everything and he was very outgoing about it. He was around a lot of engineers and knew when gold had struck, with the Apple II.

Source : IIPM Editorial, 2013.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Saturday, April 13, 2013

Will Indian Online travel Boom invite M&As?

The Indian Online Travel Industry has witnessed tremendous growth since 2004. Today, it’s the most Crowded space in The E-Commerce Segment with new players joining The Race every year. Question is – how will this Overcrowded space grow spacious?

As more and more Indians turn to the web for their travel needs, the online travel portal market in the country is gearing up for a bigger action in the coming days. With travel portals now offering a host of new services – putting forth their travel packages and providing safer mode of payments – booking travel online is no more confined to getting a low-cost airline ticket. In fact, these portals are now becoming travel guides rather than just ticketing stations. As per comScore’s data for April 2011, the number of visitors to travel sites in India increased 32% compared to last year. The study by the US-based digital market research company revealed that around 18.5 million visitors (age 15 or older visited) turned to the Internet for their travel needs in April 2011. While Indian Railways led the list of the top 10 visited sites, registering 8.4 million visitors this year (an increase of 8% from the previous year), Online Travel Agency sites (OTAs) secured the remainder of the four top spots in the category. MakeMyTrip reached nearly 3.9 million visitors (up 63%) followed by Yatra Online with 3.5 million visitors (up 82%) and ClearTrip.com with more than 2.1 million visitors (up 80%). Interestingly, the US-based Expedia Inc. secured the #5 position with 1.8 million visitors (up 12%).

This clearly indicates that there is a distinct shift in consumer preference as more and more people now prefer to plan and book their travel, and holiday needs online. According to travel industry research company PhoCusWright, India’s online travel market is the fastest-growing online travel market in the Asia Pacific region. What’s more? The company expects the Indian online travel industry to grow at a whopping 28% rate to top $7 billion by 2012. And it’s because of this reason that OTAs are now exploring newer avenues to generate revenues. In fact, revenue from advertising has already taken a backseat, and the focus now is more on cross selling of products, combination of products, et al. Further, with the rise in the sales of non-air products, industry players are confident that newer product categories will be explored in the travel and holiday space.

The increased pumping of money in the sector has also helped portals spend more to attract customers. In the last couple of years, most of the sites broke-even, securing a comfortable position. For instance, Nasdaq-listed MakeMyTrip registered a profit of $3.7 million in Q4 FY2011 as compared to a loss of $1.3 million in the same period last year. Even for the financial year ending March 2011, it had a profit of $4.8 million as against a loss of $6.2 million in FY 2010.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Friday, April 12, 2013

B&E Indicators

Global AUM recovered further in 2010

Overall, 2010 was a better year for asset managers than 2009, confirming the rebound from the global financial crisis. Assets under management (AUM) continued to grow and profitability improved, easing some of the pressure on industry participants. In 2010, the global value of professionally managed assets rose by 8% to $56.4 trillion from $52.4 trillion in 2009. In fact, global AUM surpassed the previous year-end high of $56.2 trillion achieved in 2007. Still, there was wide regional variation in AUM expansion in 2010. While Latin America, with an increase of 18%, posted the strongest growth, AUM in North America rose by 8%. AUM in Europe too rose by 7%, but with considerable variation across countries. However, Japan and Australia, the two largest markets in the Asia-Pacific region, posted a combined AUM increase of just 2% in 2010. In emerging markets other than Latin America, AUM rose by 10% in South Africa and the Middle East (combined) and 11% in Asia (excluding Japan and Australia), certainly less rapidly than in the pre-crisis years.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
 
For More IIPM Info, Visit below mentioned IIPM articles
 

Sunday, March 24, 2013

In Better Times, Two is a Crowd!

The Recent exits of The CO-CEOs at Wipro has once again Caused Experts to Critically review Wipro’s ownership-Management Equation. Are these Experts indeed off The Mark?

Wipro’s equation with its CEOs has bordered on the uncanny more than once. It did not make any sense then, it does not make particularly significant sense now. When Wipro’s poster boy CEO Vivek Paul quit the company, it was hard to find people who would want to believe in Wipro’s credentials as a professionally managed company. It was openly speculated what Paul’s decision had to do with his uneasy equation with Azim Premji, Chairman and 76% shareholder in Wipro. People were also compelled to make comparisons with what had transpired between former Ford Chairman Henri Ford II and Lee Iacocca years back at Ford Motor Company in the US. Also, conjectures that claimed that the road was being cleared for Azim’s son Rishad Premji were being made even then.

If these voices were somewhat in the closet then, they have had a field day in the past few weeks; as Wipro said (read marching orders) to its joint-CEOs Girish Paranjpe & Suresh Vaswani on January 21. This time, Premji himself acknowledged that the joint-CEO structure was put in place for the downturn & they need to have a simpler organisational structure post recovery, which has brought T. K. Kurien to the helm.

In later interactions with national dailies, Premji has minced no words in saying that the company had been particularly lacking lustre when it came to leveraging the growth phase of the IT industry post-recession. Indeed, the company has been underperforming its peers in the IT industry to the extent that it has come under the risk of being overtaken by Cognizant, which has been on an aggressive growth trajectory. The company reported a consolidated net profit of Rs.13.19 billion, up by just 3.36%, and a revenue increase by 1.26% sequentially to Rs.78.29 billion (IT services contributed 76% to this figure) for the quarter ending December 2010. Operating margins remained flat at 22.2%. Infosys, in comparison, posted 2.3% growth in revenues to Rs.71.06 billion and net profit increase by 2.5% to Rs.17.8 billion (qoq basis).


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Sunday, March 17, 2013

The Air Fares Conspiracy Theory?

The Last Time Domestic Airlines were allowed to decide fare levels, They went into a Hand-Wringing war to death. This time, The Government has intervened. But the Players Aren’t Amused. Steven Philip Warner Answers Why.

Every time one scuttles across data-laden scrolls that predict “hope” for airlines in India, the claims are dismissed as wishful thinking. This situation has not changed in a long time now & under such a circumstance, even a good P&L account does little to ease the broad populist anger. Hardly mattered therefore, that the two largest domestic airlines – Jet Airways & Kingfisher – reported improved financials in recent times. [While Jet announced profits of Rs.124 million during Q2, FY2010-11 (compared to a loss of $4.07 billion last year), Kingfisher reduced its losses by 44.88% to Rs.2.31 billion.] One quarter of good treatment cannot play ice on the bump.

Painful memories of Rs.260 billion in losses in the past five years (source: IATA) is hard to wipe out. The ever-increasing debt load of the high-fliers is another sore. Rs.582.73 billion and counting it is, of which Jet accounts for Rs.138.97 billion and Kingfisher for Rs.79.22 billion (as on March 2010). There is worry in the air, and the airlines have suddenly realised that they are sinking faster than stone. And their hurried attempt to ensure profits by increasing fares by at least 200% over the past month (since November 15, 2010, “after a confluence of issues led to capacity falling short on certain routes, particularly to/from Mumbai”, as Sydney-based B. Somaia, Regional Director, CAPA tells B&E), proves this.

The airlines had put forward a distance-based pricing cap “logic” to the Directorate General of Civil Aviation (DGCA), for its approval. The following were the fare slabs proposed: distance less than 750 km, 750-1,000 km, 1,000-1,400 km and more than 1,400 km. Had the DGCA given its nod (which it did not, and the players are now demanding independence when it comes to price-setting), an IndiGo ticket priced at Rs.6,581, purchased on the day of travel, between Delhi and Mumbai, would have sky-rocketed by 244.3% to Rs.22,000 (distance of 1,407 km). For JetLite passengers, the spot fares would have risen by 289.1% from the current Rs.7,967 to Rs.31,000. Thus the fares of even the low-cost carriers (LCCs) would have become about 100-200% higher than the ongoing economy fares charged by the Full-Service Carriers (FSCs). Bad news for an environment which saw air traffic grow rapidly only after the advent of the LCCs in 2003. Says John Siddharth, Aerospace Expert, Frost & Sullivan to B&E, “LCCs have been successful in India due to their low cost strategy. Assuming the LCCs do not have a good competitive pricing in place, it would first reflect in their load factors, which would take a nose dive from the current average of about 85%. The Indian airline sector is on the verge of transforming into a luxury which would result in a negative growth of air passenger traffic.”


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles

Sunday, March 10, 2013

Heartbreak for Hannah Montana

Hannah Montana star, Miley Cyrus is going through a rough phase because of her parents’ split. The star’s parents Billy Ray and Tish filed for divorce last week after 17 years of marriage, and the reason is Bret Michaels’ alleged link up with Tish. The Rock of Love singer allegedly got close with Tish after he collaborated with Miley on the song Nothing To Lose. Miley is keeping mum on the issue, and not taking any sides on her parents’ divorce.


Source : IIPM Editorial, 2012.
An Initiative of IIPM, Malay Chaudhuri
and Arindam Chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles