IIPM – Teaching Methodology

Sumo to lend $1 billion to ICICI

2006-12-11T11:42:00.000-08:00

India’s largest private bank ICICI is set to raise $1 billion loan in Yen. Permitted by the relaxed overseas borrowing norms, ICICI is preparing to take advantage of world’s lowest interest rate prevailing in Japan. After the bank’s lending surged 47%, it is raising the fund to further strengthen its lending base. The money will be raised in Yen to save on withholding tax and then the proceeds will be swapped into Indian Rupee. 14 banks have been hired by ICICI to arrange these loans that are expected to mature within a time period of one to three years.

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Source: IIPM, 4Ps, B&E

Traditional Economics

2006-11-10T12:46:00.000-08:00

For slightly less than $8000, one can purchase from DFC Intelligence, a respected “strategic market research and consulting firm focused on interactive entertainment and the emerging video game”, several reports such as China Game Market and Game Industry Overview as well as updates for one year. The subscription fee alone says that video games or entertainment soft ware, as the Entertainment Software Association (ESA) calls it, is big business. DFC estimated that from 1996 to 2005, the US video game industry doubled to $7 billion. And contrary to perception, US is not the largest video game market. It's Asia, whose market is predicted to reach $23 billion by 2009 in a recent Computerworld Singapore article. Game economics viewed from a different perspective shows that in its first 24 hours of retail sales, Microsoft ’s “Halo 2” had sales of $125 million. And the numbers are not only monetary: Wikipedia recently listed 189 web pages of game publishers & developers. The game economy isn't just big, it's also profitable. In 2005, Electronic Arts had worldwide revenues of $3.1 billion, roughly $500,000 for each of its 6500 employees. Similarly, Sony Computer Entertainment has a 2005 market capitalization of ¥1.933 billion on revenues of more than ¥737.9 billion. Many schools and colleges offer programs in video game design, character animation and technical direction including some established and respected universities as well as upstarts which cater specifically to the game industry. The schools making these offerings appear to be about evenly divided between technical and art schools, but include some surprises. For example, the Georgia Institute of Technology has a PhD program in digital media and in 1998 Carnegie Mellon University established its Entertainment Technology Centre, which offers advanced degrees in entertainment technology through courses like 'Building Virtual Worlds' & 'Game Design'. By traditional measures, the game economy is big, growing bigger and definitely here to stay! For more information on IIPM Editorial Article, please click here...,

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Source: IIPM, B&E

Even relatively smaller budget films have been given a boost with innovative advertising and branding

2006-10-30T13:38:00.000-08:00

But that’s not to say that cheap, and non-mass audience options like the net are ignored. While KANK’s song- Where’s the party tonight played back to back on MSN’s Desktop TV, Munna and Circuit, like so many other celebrities before them, went online to chat with their fans on MSN messenger. Even relatively smaller budget films have been given a boost with innovative advertising and branding. Siddharth reveals that UTV spent around Rs.170 million on the promotion of its small budget film Khosla Ka Ghosla. Mukta Arts generated hype around the number ‘36’ for the promotion of its murder mystery 36 China Town. And Nagesh Kukunoor, Director of Dor (produced by the Sahara group) ensured prime time press coverage using various seat-of-the-pants tactics, like a special well publicised personal screening for Sachin Tendulkar. For more information on IIPM Articles, please click here... , Also visit: Arindam Chaudhuri Initiative

Source: B&E and IIPM Publications

2007 Mercedes-Benz G 55 AMG: 6,733,314 INR (IIPM Publication)

2006-09-11T11:12:00.000-07:00

It is the latest and smartest SUV to hit the floor. The extremely robust vehicle has a commanding Supercharged V8 engine roaring under its hood, an astonishing 500 bhp of horse power, bi-xenon headlamps, scratch resistant paint finish, and hold your breath, is based on nano-technology! If this dynamic SUV doesn’t sweep you off the floor, then the only reason could be that you are planning a novel - The Monk who sold his Mercedes SUV...

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Editor: Arindam Chaudhuri

Source: IIPM Publication

Maruti Udyog Limited (4Ps Publication, IIPM)

2006-08-31T02:46:00.000-07:00

Maruti Suzuki has been one of the most successful collaborations in the Indian automobile history. The company came into existence about 25 years ago, when the chronic lack of choices in automobiles gave way to Sanjay Gandhi’s vision for changing things for good. The preceding chain of events brought about the establishment of Maruti Udyog under a technical collaboration with Suzuki Motors Japan in 1981. With per capita income of Indian families not high enough, Maruti Udyog introduced the most innovative car model till date in the history of Indian automobiles – the Maruti 800 – a car that succeeded on the simple premise that it did not have any innovation. The much affordable 800 gave to the low income Indian consumer all that she could have wanted through a high-class car – air conditioning, security from nature and other elemtnes, and most importantly, family travel. With liberalization came more competition from global leaders like Toyota, GM etc. But Maruti Udyog, with its focus on consolidating sustainable competitive advantages, disproved even hardened critics by providing to consumers the best in quality, after sales service network, style and technology, at the lowest of prices. With a massive market share that ranges between 40 to 55%, depending on the quarter one studies, Maruti has been excruciatingly unforgiving on competition, whether through new product launches (where Swift massacred a direct competition from Hyundai’s Getz), or through expanding dealer networks unbelievable (where companies like Toyota and GM have openly accepted that they cannot hope to get more than 10% of marketshare, and that too by 2010). Jagdish Khattar (left), Maruti's head, must be a proud man, for innovation was never so violent... on competition!

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Editor: Arindam Chaudhuri

Source: IIPM Publication

IIPM Editorial -> Gluttons, all aboard!

2006-08-16T00:33:00.000-07:00

Come August 12, Guadeloupe transforms into every glutton’s heaven. After early morning orisons to St. Lauren that commence the Festival of the Women Cooks, the cuisinières clad in colourful Creole costumes burst on to the streets with baskets of tempting Creole delicacies dangling from their arms. Offering a bite or two to the bystanders lining the Point-à-Pitre, they parade on till the venue of the colossal feast is thrown open to the public for a fee that seems utterly insignificant when you rest your sight upon the lavish spread just waiting to be gorged! For those with little appetite for gastronomic pleasures, the Guadeloupe Islands offer enough eye candy with pristine beaches, bewitching tropical gardens, hot springs and waterfalls to marvel at and enshrine in memories moulded in this charming corner of the Caribbean... It doesn’t get more wholesome than this!

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Source: IIPM Publication, Editor: Arindam Chaudhuri

IIPM B&E July Magazine Article: Capt. Kirk-“Beam me up Scotty”

2006-07-17T00:50:00.000-07:00

Even a triple whammy with Nissan and Renault would not be able to turnaround the falling GM

Much to the displeasure of GM Chief Rick Wagoner, Kirk Kerkorian (his company Tracinda Corp. holds a mammoth 9.9% stake in ailing General Motors) has been a boisterous man, mainly because he is the driving force behind the current talks for a possible alliance between GM, Nissan and Renault. Obviously, with such a huge sum of money at stake, Kerkorian is reportedly not happy with Wagoner’s painfully slow turnaround strategy. And why not, for GM lost an unbelievable $10.5 billion in the year 2005 alone. The alliance, if it goes through, would have Nissan and Renault picking up 10% stake each in GM. Also, it would bring in the turnaround expert Carlos Ghosn, the man who made the $20 billion indebted Nissan profitable. No doubts, Wagoner is having the worst nightmare of his life, as he’s afraid of losing his position in the company. But more importantly, should such an alliance take place at all?

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Source: (Business& Economy), IIPM; Editor: Arindam Chaudhuri

IIPM News Article - Sinners or Saints?

2006-06-20T01:10:00.000-07:00

Misstating cellular baseadditions is not their strategy

The summer of 2006 was special for the Indian cellular operators who had rejoiced over the subscriber base approaching the magical 100 million mark and joining the elite league of markets like China, US, Japan and Russia. However, even before the operators could start uncorking the champagne, reports of suspicion over the possibility of tampering of subscriber base reports threatened to spoil the party. A study conducted by the Yankee Research Group reported that Indian operators are inflating subscriber base by 10-20%. This effectively meant that Indian cellular subscriber base is between just 83.3 to 91 million and it would take another 3-5 months before it actually crosses the 100 million mark. According to the report, handset sales were much lesser when compared to the number of mobile connections and the opera again were allegedly taking into account many defunct subscribers for misreporting numbers.

For complete IIPM Editorial Article, please click here...

Source: IIPM Publication , Editor: Arindam Chaudhuri

DLF under MRTPC scanner (IIPM Publication)

2006-05-22T00:58:00.000-07:00

DLF Universal Limited received a rap on the knuckles after the Monopolies and Restrictive Trade Practices Commission (MRTPC) found the Indian real estate biggie guilty of unfair trade practices. DLF was found guilty for delaying construction and subsequently charging extra money from customers for cost escalations. The issue was brought to MRTPC after aggrieved customers requested for an Unfair Trade Practice enquiry against DLF. The customers also filed a compensation application, seeking interest for late delivery, as DLF could not finish the construction on time. MRTPC has asked DLF to pay interest at the rate of 9% to its consumers.

For complete IIPM Editorial Article, please click here...

Source: Publication, IIPM

The Death of Reliance?

2006-05-09T01:03:00.000-07:00

Rather than just purchasing 5%, Chevron should immediately takeover Reliance Petroleum Ltd.

Oil’s well with Mukesh Ambani, especially since Reliance Petroleum Ltd (RPL) IPO got the shot in the arm it needed, thanks to global giant Chevron. And for that matter, Chevron’s $300 million investment for a 5% stake in RPL looks very positive for the Indian oil sector. The fact that Chevron has reserved the right to acquire another 24% of equity stake in RPL is testimony that the optimism is not entirely unfounded. In case Chevron exercises this option, it would be the largest FDI from any MNC in a particular project in India.

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Source: IIPM Publication

Where’s my money honey?

2006-04-18T05:24:00.000-07:00

Western Union Financial Services (a part of the Denver-based First Data Corp.) has entered into an agreement with the State of Washington and forty six other states, to post clear warnings, cautioning customers against fraudulent telemarketers. Western Union, as a part of its drive against money-wiring frauds (foreign lotteries, fake advance-fee loans and fraudulent sales agreements), will contribute close to $8.2 million towards a national consumer awareness program. The move comes after numerous complaints against money-wiring frauds, followed by a review of all money transfers in 2003 between the United States and Canada, which revealed that over 38% of these transfers were of fraudulent nature.

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Source: IIPM - Business & Economy

The Shah Bano Case (Editorial - IIPM)

2006-04-03T04:21:00.000-07:00

The Shah Bano case was notorious during the 1980s when the Parliament had passed a bill negating a Supreme Court order allowing maintenance to divorced Muslim women. The BJP seems determined to milk this controversy for all it is worth. The Congress, too, seems equally determined to try and grab Muslim votes. Not a happy situation for India.

Source: IIPM - Business & Economy

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And what will replace American monopoly over the architecture of the net?

2006-03-28T23:14:00.000-08:00

The United Nations, if you believe the countries that want American monopoly to end. According to Nitin Desai, chairman of the UN Working Group on Internet Governance (WGIG), ICANN could work in tandem with the International Telecom Union that is a UN body. Desai defends the possible control of governments over the internet when he says: “There are over a billion people using the system now. You can’t expect governments to just stand there”.

Source: IIPM - Business & Economy

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Copyright 2006, IIPM

B&E Magazine - IIPM

2006-03-21T01:33:00.000-08:00

Ergo, when such an impermanent imbalance comes into being, it will ultimately tend toward its own correction in one of two ways: Either the money must be more nearly adjusted to the price of things; or those things must relapse back into harmony with the money. It should be obvious that the first alternative means extra money needs to be created – that a further dose of inflation is in order (even though this is a process, which is in truth, only a deferral, not a disannulment of the day of reckoning) – whereas the second avenue means prices must fall.

Source: IIPM - Business & Economy

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B&E - IIPM

2006-03-15T22:55:00.000-08:00

Yet, is it all smiles for the Tata group’s telecom forays? In other words, what should the future focus of the Tata group be with respect to their various telecom investments, namely Idea, Tata Teleservices & VSNL?

Source: IIPM - Business & Economy

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http://www.iipm.edu/iipm-editorial-12b.html

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Many policymakers seem to be under the impression that surging profits are a purely cyclical phenomenon, as economies continue to grow out from the depths of the 2001 recession. Wait a bit, they predict, and wages will fully catch up later in the cycle.

Source: IIPM - Business & Economy

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Copyright 2006, IIPM