IIPM BEST PUBLICATION: February 2008

Tuesday, February 26, 2008

Colourful

Apa

rt from the usual exchange of all things colourful, there is also observance of all prayers and traditions in the sanctorum that is without a doubt the largest of its kind outside India. (For the uninformed, the Swaminarayan Sanstha is also the main convenor behind one of the most spectacular places of worship in New Delhi – the Akshardham Temple!) While scores of thousands of expat Indians, and at times even locals, st

and in attendance of the aarti and smear each other with colour, there’s also lit a bonfire to commemorate the legend of Prahlad’s devotion and evil demoness Holika’s annihilation. Set to loads of music and mirth, it is but one gathering in the true fraternal spirit of Holi, so what if a few longitudes to the west?!

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

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Monday, February 25, 2008

Hazards related to kidney, liver and lungs

The worst of health hazards related to kidney, live

r & lungs are triggered by consuming synthetic milk! The adulterated form of milk available at low rates entices sellers to make a killing and surprising as it is most of the producers and suppliers of synthetic milk are unaware of the dangers of the seeds that they are sowing. Now isn’t this reason enough to work towards a solution, the fundamental one being, the generation of awareness not only for unscrupulous milkmen and their associates but also for the general public, urging them to purchase only sealed or branded milk. In fact, it is also strange to learn that the fabricators are bestowed with extraordinary intelligence, the proof being that the adulterated produce fails to show any resu

lt at milk testing laboratories. Talk about brains being channelised in the right direction! The authorities had better pull up their socks and skim out the mischief- doers afflicting innocent lives. As for the consumers, take heed, a little awareness and a step of precaution can be all the difference between life and a life not worthy of being called one!

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Friday, February 22, 2008

Stock ‘boom’!

Bomb blasts improve index!!!
This one has us foxed as well! What do you think should ha

ppen to stock markets after any bomb blast? They should tank and plunge, right? Wrong! In a shocking and eye-opening analysis of 11 major bomb blast instances from the March 1993 Mumbai serial blasts to the recent August 2007 Hyderabad blast, when the whole of India came to standstill, B&E was taken aback to find out that stock markets regularly showed their utterly tasteless and morbid response to these blasts by going against the general sentiments and actually going up! Moving in the reverse chronological order – Hyderabad bomb blast on August 25, 2007 made the Sensex gain a massive 418 points the next working day itself; May 18, 2007, a blast in IT hub Hyderabad made the markets zoom up by 115 points; July 11, 2006, a sickening train blast in India’s commercial capital – Mumbai – left 187 dead.

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Wednesday, February 20, 2008

Our very own Central ‘Bonkers’

The idea of a rate cut should be simply thrown out of the window

If one were to have asked a central banker

some decades ago about what does he really do nine-to-five, then it wouldn’t have been a surprise to find him gaping into the blue trying to figure something out of his seemingly foggy and blurred lexicon of responsibilities. Compare that to a ‘2007 generation central banker’ who would bombast that he gets paid for ‘inflation targeting’. Today’s central bankers have a very barefaced mandate to fight inflation with a hammer and tongs philosophy. But classically, the recent times have had central bankers – especially Ben Bernanke with his Fed coterie – go bonkers by crossing this line, what with rate cuts being unbelievably suggested! What is being rooted for is quite reminiscent of the post-crash years at the beginning of the millennium and a pick from former Federal Reserve chief Alan Greenspan’s manual – a rate cut – at this juncture of time might just seem like a saving grace but could well go down in history as one that got the house down. Lights on! Year 2001 – the invigoration of the largest economy on Earth, the United States, goes on in full swing with a series of rate cuts.

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Friday, February 15, 2008

Barrage of low fares

However, if one is expecting a barrage

of low fares, there could be reasons to be disappointed, due to a number of factors. Indeed, from the perspective of the overall aviation industry, this festive season from September to December is supposed to be the strongest quarter for the industry to mint the moolah. According to Surbhi Chawla, Aviation Analyst, Angel Trade, “This is the best season in terms of revenues and profitability.” Following the diktat of ‘making hay while the sun shines’; the Indian aviation sector is making optimum use of the current scenario. Adds Surbhi, “There is a rise in demand this season, so these airlines take advantage of the prevailing situation and increase their fares. Promotional campaigns may in off crease but not many would offer discounted tickets.” With the hike in fuel prices and congestion charges, there is a great probability of increment of fares by almost every airline, as they struggle to stay afloat anyhow. Praveen Vetrivel, Aviation Analyst, IBA group affirms, “The promotions are likely to be focused more towards product differentiation and service quality rather than lower fares as the airlines are still trying to move into the black.”

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Thursday, February 07, 2008

Louder than fire-crackers?

Both handset makers and service operators are dressing up for the ‘festival’ mega-kill. It’s business as usual!
When all you wished for during the year was a ‘chang

e of handset’ to lay your hands on ‘that’ spanking new model… Yes, you’d planned the change all along, but never really got an opportunity to; blaming your shallow pockets for not giving you the liberty to think far enough, not at least when it came to a telecommunication gadget we call the ‘mobile handset’! But now, with the festive mood in, the time seems right. Handset manufacturers & retailers are as excited about clearing out old stocks as they are about introducing newer ones. And there you have it – 20% fl at discount on every ‘X’ branded handset with a free connection, or even40%-50% if you believe in optimism! And why so, you ask? Well, it’s Diwali time – a splurging season. Discounts and bonuses, gift s and self purchases… and no secret this that ‘all’ handset manufacturers realise that this is an ideal time for new product launches in the Indian telecom market, which is currently abuzz with the growth syndrome.

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Source : IIPM Editorial, 2007

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative