“The DPSUs with roughly 200,000 employees will continue to dominate this sector for some time to come”

In fact, this understated revolution in armed forces is of far greater significance than the much touted “Revolution in Military Affairs” (resulting from advanced computing and communication technology). By identifying a few companies as RURs and bringing them at par with the Defence Public Sector Units (DPSU), the government has unequivocally asserted that the Indian defence has “nothing to lose, but chains.” The chains which had tied the defence sector to whims and fancies of the DPSU. It is not that the private sector was never involved with the defence production (in the period 2001-07, the private sector had got outsourced jobs worth $700 million from DPSUs and Ordnance Factories). Despite these impressive figures, the private role in defence has been confined to production of ‘nuts & bolts’ only, “the DPSUs with roughly 200,000 employees will continue to dominate this sector for some time to come,” K. Santhanam, an eminent scientist, former Project Director Pokharan II nuclear tests, told B&E.

For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Home Campus Tour Contact Us Sitemap IIPM Think Tank IIPM National Brochure IIPM in Media India Today & Tomorrow

Strategic Alliance / Consulting / Intellectual Tic-up Partners Arindam chaudhuri GIDF Planman Consulting Business & Economy 4Ps Business & Marketing The Sunday Indian The Daily Indian Kkoooljobs.com

PE firms getting bolder, meaner

The primary downside is that debt-ridden buyouts ultimately prove fatal for companies, loading them with enormous debts that finally suck out their capital. Sample this: HCA, a big hospital operator in America, slipped three notches to B+ in Standard & Poor’s corporate credit ratings, also due to interest of $1.5 billion a year as bonus.

It makes sense to analyse the returns of listed PE firms at this juncture. The total return of S&P Listed PE Index as on July 5, 2007, was 221.4 points, a 30% appreciation y-o-y. But interestingly, there is a lingering scepticism in the market now regarding these stocks. Take KKR for instance. It got listed at $24.58 (in May 2007) & its share price as on July 6, 2007 has fallen to $22.2.
Then there’s the phenomenon of rising interest rates (currently at 5.25% in the US after 17 consecutive hikes), which will make raising valuations of target companies difficult. And as the risk appetite of these firms grows, they are liable to get even more ruthless in stripping assets & yet ending up as value destroyers. And like we said, where the wave ends, the bloodbath begins...

For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Home Campus Tour Contact Us Sitemap IIPM Think Tank IIPM National Brochure IIPM in Media India Today & Tomorrow
Strategic Alliance / Consulting / Intellectual Tic-up Partners Arindam chaudhuri GIDF Planman Consulting Business & Economy 4Ps Business & Marketing The Sunday Indian The Daily Indian Kkoooljobs.com

The feeling is chilling...

Take the gladiator test. Walk into any retail mall on a weekend this month. And walk into the same mall after some months on a similar weekend. You’ll yourself feel the dramatic reduction in customers. How can we be so sure? Well, we did the tracking ourselves over the past few months with the leading research firm Indian Council for Market Research (ICMR), Planman Consulting all over India. The study, which critically analysed the shopping habits of 2000 people across Indian metros, and revealed startling results; the main one being that only a relatively meagre 18% favoured going to the malls for actual purchases (while a majority preferred visiting neighbourhood showrooms and outlets). A case to point is the Great India Place in Noida, Uttar Pradesh, touted to be the most rocking experience for shoppers. A few months ago, if you were to walk into the Pantaloon outlet in this mall, you couldn’t have reached the billing counter unless the 50 odd intrepid shoppers before you had had their fill. It seemed as if the entire city was headed to the Great India Place.

For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006

An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

Chile is changing!

Chile is not a mere celebration of harmony, panorama & serenity, but also a transfusion of political stability, social development & financial success in the whole of Latin America (LA). This ribbon shaped country has been attracting large investments and attention, particularly after it adopted the free trade regime. This economy is considered one of the world’s largest free markets and has FTAs (Free Trade Agreements) with most of developed economies like the US, the EU, New Zealand, Singapore et al.

Chile has charted a sound economic policy with great focus on infrastructure and privatisation. It has predominantly exploited its rich natural resource base and has been minting money from its copper reserves. It is the most stable and flourishing LA economy and is largely free of any coups and arbitration. The GDP per capita stands at $12,700 and has employment rate of more than 92%. Chile has been successfully managing a low inflation and high GDP growth, predominantly on account of its high export earnings. Export income for the year 2006 had been at a mind boggling $59 billion. Realising the constraint with natural resources, Chile had recently started focusing on non-mineral exports like fishery, forestry, wood products, food and wine.

For Complete IIPM Article, Click on IIPM Article

Source: IIPM Editorial, 2006
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

IIPM, Business College Ranking India BBA Institute India, IIPM IIPM - Nikhil Khade Online Welcome to 4Ps Business and Marketing The IIPM Think Tank IIPM New Delhi India Professor Arindam Chaudhuri, Renowned Management Guru & Economist IIPM Info Planning and Entrepreneurship Programme, IIPM New Delhi, India Business And Economy IIPM Placements New Delhi, India IIPM Business Management Institute India

Get Green or Mean!

Energetic, fresh and relaxed by definition happen to be abstract nouns, which means that they cannot be seen or touched. But 18 miles south of New Delhi is a place called Udyog Vihar in India’s mall capital Gurgaon, where one can actually see and touch these things; wondering where exactly? Well, you can see it on the face of 1,300-odd employees of Wipro Technology Development Centre at Gurgaon. Built on the Green Building concept, the Gurgaon campus of Wipro epitomises eco-friendliness and unmatched hospitable condition for its inmates. But first things first, what exactly is the Green Building concept and in what sense it adds to the environment positively.

According to the US Department of Energy – buildings are a major source of pollutants that causes urban air quality problems and contribute to climate change. That’s where the green building concept comes into picture. “A green building strives to balance environmental responsibility, community sensitivity, resource efficiency and occupant wellbeing and comfort,” says Vidur Bharadwaj, Managing Partner, Design & Development, who holds the distinction for designing Wipro’s campus. After a series of business plans and presentation by leading architects, came the decider from Design & Development for Wipro – a Green Building that has got the highest platinum rating (52 points) in Asia and second highest in the world by the US Green Building Council.

For Complete IIPM Article, Click on IIPM Article
Source: IIPM Editorial, 2007
An IIPM and Management Guru Prof. Arindam Chaudhuri's Initiative

Home Campus Tour Contact Us Sitemap IIPM Think Tank IIPM National Brochure IIPM in Media India Today & Tomorrow
Strategic Alliance / Consulting / Intellectual Tic-up Partners Arindam chaudhuri GIDF Planman Consulting Business & Economy 4Ps Business & Marketing The Sunday Indian The Daily Indian Kkoooljobs.com