Motherlode of all disasters...

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

... and the country has no answer; not even to any event that occurs by the calendar! India, get up!

India’s holistic performance evaluation remains incomplete without analysing its contributions towards environmental protection and safety. And in this context, India is seriously struggling to protect the environment. It lags far behind some of the poorer Asian and African countries. Though India has incorporated some policy initiatives in this regard, it remains grossly incapable of taking radical steps towards environmental protection, thus failing to make it a die-heart priority.

Its environmental performance can be best evaluated on the basis of some important indicators. The Environmental Sustainability Index (ESI), released during 1999-2005 jointly by Yale University’s Centre for Environmental Law and Policy, Columbia University’s Centre for International Earth Science Information Network and the World Economic Forum – focusses on the country’s performance in endowing natural resource, pollution level, protecting environment, reducing environmental stress, human vulnerability on environmental stress and social and institutional capability to respond disasters. The study revealed that India ranked amongst the worst performing states (101th out of 117 nations) in 2005. Later, another index (Environmental Performance Index) was prepared by Yale University in 2008. It was a more performance-oriented index in which India ranked 120th out of 149 countries! In spite of having a prominent voice in international community like being a member of the the International Panel of Climate Change of the UN, India ranks below many smaller and poorer countries like Vietnam (76th), Indonesia (102th) or African countries like Tunisia (60) and Gabon (64). Though India has ranked 5th in another index called Climate Change Performance Index (CCPI) alongwith the top performing European countries, and better than any other emerging economies, it remains largely incapable of preventing disasters and efficiently saving humans. It goes unsaid that othe country to prevent economic casualties too remains highly crippled. The country has also been ranked a hopeless 104th in ‘how green is your country’ index.

For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY


For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...

Surfing above the waves

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Despite the crunch, R-Power should be able to manage the debt well

loves company (pun intended); and it seems to be sticking hard and fast to Indian firms nowadays; even though the feeling is (obviously) not mutual! And it would take the most enterprising of business minds to defy misery when the liquidity problem is becoming a serious bottleneck for expansion.

Even so, some players, particularly the larger ones, seem undeterred. Anil Ambani spearheaded Reliance Power (R-Power), has recently arranged a tie up for a $2-billion financial debt package for its Sasan power project from the domestic market. R-Power has been permitted to raise debt for the 4,000 MW ultra mega power project (UMPP) through ECBs. Having a debt equity ratio of 75:25, the Rs.195 billion project thus requires the company to muster around Rs.140 billion as debt. The company has secured a long-term loan from SBI worth around Rs.35 billion. Power Finance Corporation, Rural Electrification Corporation, India Infrastructure Finance Company and Hudco are expected to source another Rs.70 billion. The understanding that the debt would be replaceable with foreign funding at an appropriate time.

Doesn’t it seem risky in these times? Supports N. Wadhwa, Director, SKI Capital Limited, “Looking at the current global scenario, managing a debt with interest rates between 12% and 13% is an uphill task.” Nevertheless, the unprecedented over-subscription (by 71 times) of R-Power IPO and the Crisil grading of ‘4/5’ (above average fundamentals) reflect strong basics. Even though returns may take quite a while, R-Power already has the good will and financial stability to back it up. Notwithstanding the fact that India desperately needs power, this debt tie up by R-Power seems well on track to defy the current downturn.

Ratan Lal Bhagat


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY


For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...

F‘r’ight of the albatross?

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Indian banks must walk the tightrope between caution and growth in their credit disbursals

“I assure depositors that their money is safe.” Amid a milieu wherein international financial institutions are gripped by extreme risk aversion in the wake of spectacular failures, such a statement from the PM should go a long way in calming jittery Indian depositors. But the moot question, which many appear to be asking is: Can the Indian banks be considered safe? Indisputably, the scenario in US bears little similarity to India, but rumours to the contrary abound. RBI has called for “intensified watchfulness with readiness to act swiftly to cushion the economy and the domestic financial system from external shocks.”

But are such fears unwarranted? On a yearly basis, credit extended by scheduled commercial banks has increased by 29.4%; such growth is a cause of concern for RBI. And why not, the financial crisis has reinforced risks of allowing rapid and unbridled credit expansion. This represents a point of ambiguity, as on one hand, the RBI and the ministry of finance is persuading banks to increase lending and on the other, it proposes to “monitor the rate of credit growth and credit quality.” Perhaps it is this double standard that led Dr. Soumendra K. Dash, Chief Economist, CARE Ltd., to say, “Though highly capitalised, banks have become pessimistic in terms of lending.”

On parameters of financial strength, Indian banks are robust. All commercial banks in India have a capital adequacy ratio above 10% (as against Basel Accord requirement of 8%). Also, the regulatory mandate of keeping 25% of net demand and time liabilities as SLR and 6.5% as CRR provides inherent strength to Indian banks and the inter-bank market is functioning smoothly.

As Dr. Dash puts it, “Apprehension is the cause of worry.” Indian banks need to learn lessons from the US crisis; but that does not mean they become so overcautious that growth suffers. They must walk the tightrope & maintain just the right balance.


Gyanendra Kashyap


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY


For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...

Sans Bush, the nuclear pact would not have happened; it marks a paradigm shift in US's India policy

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

It pays to love George Bush!

The deal went ahead despite the efforts of China to equate India with Pakistan with regard to the nuclear sanctions. It was part of the greater Chinese policy to contain India. Transfer not just of conventional weapons but also nuclear weapons designs and technology to Pakistan is a part of this policy. The Chinese in this case worked very closely with Pakistan in approaching members of the NSG over the past three years with the hope of persuading members to oppose this deal. The strategy was to delay the process till there was a valid criteria an for vindicating a similar exemption for Pakistan. The failure of these attempts were a slap on the face of Chinese in their efforts to contain India.

It is now evident that given India’s growing economic strength & its developing military potential, the world is not going to join them in trying to contain a rising power. This agreement makes a material difference to the strategic nuclear programme. In any case, the eight reactors that we were going to use to manufacture nuclear weapons remain outside the scope of international statements. I would not say this deal has given us any military leverage, but what it has done is to get 45 countries to tacitly acknowledge that India will essentially remain a nuclear power. The end of the sanctions came about primarily because George Bush has turned out to be the most India-friendly President we have seen. Unlike past US Presidents, who had focused their attention on forcing India to “cap, roll back and eliminate its nuclear weapons programme”, Bush has turned out to be the first US President who finds that the complementaries of interest are so much with India that India’s nuclear weapons programme should not come in the way.

In some ways it could be an asset to US’s interests. On our West, Afghanistan and Pakistan have become epicentres of global terrorism. To our east, countries like Bangladesh and Myanmar are hardly stable. And in the Indian Ocean region, where Somalia is becoming dysfunctional and Ethiopia is unstable, India is seen as constituting an essential partner for stability and economic growth.


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY


For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...

Mbeki finally mellows down

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

SA may lose democracy credentials due to its political tangles

Thabo Mbeki, former President of South Africa, was forced by African National Congress (ANC) to resign. He has been replaced by Kgalema Motlanthe. Jacob Zuma will replace Motlanthe after he wins the one-sided election, due in April 2009. The leftists within ANC, the Communist Party of South Africa and the federation of trade unions pulled Mbeki down, as they opposed his liberal economic policies. The criticism of the High Court was the proverbial last straw to work against Mbeki. Justice Chris Nicholson accused Mbeki of misusing judicial system to settle political scores with Zuma.

Mbeki was a dedicated ANC comrade who fought for the liberation of black people from the apartheid state. He transformed the image of ANC. He persuaded both international community & white South Africans to set aside their doubts of ANC ruling South Africa. But once he became the President, he centralised control and ran the country in almost Leninist fashion, his detractors allege. Like Nelson Mandela, he too didn’t take any major reformative measure to redistribute the wealth and replicated the neo-liberal economic policies. His strategy to tackle AIDS was a failure. Mbeki's adamancy not to allow the medical community to distribute anti-retroviral drugs to AIDS patients killed millions. The big question now is whether democracy will survive in South Africa. Prof. Hussein Solomon, University of Pretoria, says its uncertain. “The successors, though they say they will redistribute the wealth, will follow Mbeki's policies. If ANC continues to be all powerful without strong opposition party the country may become a banana republic,” he adds. Considering all this, the future of democracy in South Africa remains pretty bleak


K. Thirunavukkarsu


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY


For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...

Dude, looks like a lady

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

She’s a first-generation woman entrepreneur spearheading a time-honoured family run business. But can this lady really succeed in making the Modi Group a professionally run globally renowned company? Angshuman Paul of 4Ps B&M meets up Himani Modi for some critical questions...

She was amongst the esteemed list of ‘40 Women Under 40’ – a survey conducted by ICMR and 4Ps B&M in July 2007 to find out the country’s top 40 woman leaders and entrepreneurs under the age of 40. And the zeal that she possess to do something innovative bucked up with her deft strategies, make her rightly ranked as one of the best women under the age of 40 within India Inc. So far so good; but as they say, there surely is much a slip between the cup and the lip, and for Himani Modi, simply being the first lady to hold reins is surely not enough qualification to be rated as successful. The critical question that remains to be answered is – will Himani Modi have the wherewithal to achieve the critical mass within the Modi Group to accelerate its movement from a family run business to a professionally run blue chip company?

Coming from a family where the entry of women in business was a strict no, Himani and her elder sister, to their credit, have overcome oodles of hurdles in taking the first step – undoubtedly the toughest – in entering the top management cadres. Himani is now the Executive Director of the Modi Group and believes that those are new businesses and new markets that hold the key to ensuring that the Modi Group catapults to the league of extraordinary global corporations. To that effect, Himani is the creator of four successful businesses within the group, and as revealed by her in an exclusive meeting with 4Ps B&M, it’s the future that excites her more than anything.

After completing her graduation in statistics from the Delhi University, Himani wanted to do something new and innovative. Joining the existing family business was an option, but Himani thought otherwise. She shares, “I really wanted to do something creative; but not belonging to a very professional family was a drawback, as nobody actually encouraged women to have a career.” So at the pristine age of 21, Himani, who had been trained by her father U. K. Modi, made her maiden entry into the business world with a small travel agency.

With gumption and a fair bit of luck, the business proliferated from a sub-agency to an IATA-accredited travel agency, handling airline ticketing and foreign exchange service etc. But her quest to do something new made her search for newer pastures. Adds Himani, “I was in Europe and I really liked the bar culture out there. Then I was in Australia and I really liked the partying environment over there. Subsequently, I tied up with EDG of Australia for starting Barcode – it was a totally new concept in India at that time.” Barcode is a multi-level “next generation lounge bar concept that integrates state-of-the-art interactive games, UV pool tables, live DJs, special effects lighting and LCD screens.”


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY


For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...

‘O’h, ‘M’y ‘C’rude! In October 2008, Bajaj Auto notched up two wheeler sales of about 160,000 units.

IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Indian OMCs are going from bad to worse with global turmoil. There has to be sustained action on making them independent... and profitable too. By Ratan Lal Bhagat

A while back, Rajiv Bajaj had talked to 4Ps B&M and made a forecast that should have sent a chill down the spine of Pankaj Munjal. His famous (neither first, nor last) words were: “Presently 61% of motorcycle volumes come from the 100cc segment and we feel that this segment will reduce to 25% in the next few years.” During that interaction, Rajiv Bajaj, who has an M.S. from Warwick University, had also talked about how the low margins in the entry level 100cc motorcycles were not worth the production and marketing effort. We presume he must have discussed this grand strategy with his brother Sanjiv Bajaj who now handles the financial services arm of the Bajaj Empire. What we really don’t know is if Sanjiv talked to Rajiv about what they don’t teach at Harvard Business School (Sanjiv is an alumnus of Harvard). We also presume Pankaj Munjal was convinced there was no chill running down his spine.

In fact, the message that the market has now sent Rajiv is quite spine chilling. In October 2008, Bajaj Auto notched up two wheeler sales of about 160,000 units. Last year in October, Bajaj had clocked sales of about 250,000 units. That’s an astonishing 35% fall. Sure, these are bad times and India Inc. is being hounded and haunted by the repercussions of the global financial meltdown. Sure even rival Hero Honda and Pankaj Munjal have been affected badly. How badly? Sales in October 2008 for Hero Honda are just 3.5% down at about 365,000 units as compared to last year. Yes! It is 35% versus 3.5%. In fact, combined sales of Bajaj and the number three TVS last October were higher than that of Hero Honda. This year, Hero Honda has sold more than the two put together.

Not that head honchos at Hero Honda are doing cartwheels in jubilation. They too are worried. According to Anil Dua, SVP (Marketing & Sales), Hero Honda Motors, “With the festive season being over now, we do expect to see a slowdown in the industry with the prevailing credit squeeze and interest rates taking their toll on consumer sentiments. Keeping this in mind, we have consciously restricted our dispatch sales in October.”


For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).


Read these article :-
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

ZEE BUSINESS BEST B SCHOOL SURVEY


For More IIPM Info, Visit below mentioned IIPM articles.
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
» IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
IIPM makes business education truly global-Education-The Times of ...