Day-tripping in Denver!

IIPM PUBLICATION

Say Denver and the first thing that comes to mind is, of course, the Denver Broncos (one of the most successful football teams in the history of American National Football League)... Then obviously, the famed country music singer, late John Denver… But Denver city, to the slightly above average tourist, means much more than that! Imagine a city where snow and the sun hit you with the same ferocity and on the same day (Denver claims more than 300 sunny days every year)! While in the east, there are to be ogled at, some of the world’s most breathtaking skyscrapers, and in the west, the most beautiful extreme in the United States – the Rocky Mountains. Imagine where citizens not only strive towards making the city law-abiding and reducing the number of homeless, but also at the same time aims towards legalising marijuana... There you have Denver (also called the Mile-High City situated that it is exactly one mile above sea level), the most populous city in the State of Colorado, and its capital, of course.

With the country’s largest city-park structure (a whopping 200 odd parks and 90 golf courses) and the second-largest Performing Arts Centre, the city also teems with over 40 museums (many nationally recognised, including the nouveau wing of the Denver Art Museum by the world-famous architect Daniel Libeskind) and an inviting 850 miles of hiking and biking pathways. With the award of being ‘the healthiest city in the whole of America,’ it’s no surprise that Forbes magazine has ranked Denver, for the third year in a row, as the number one city in the nation for singles!

Before we forget, at least don’t visit Denver for the sake of John Denver. God rest his soul; neither was he born in Denver (but in Roswell, New Mexico) nor was ‘Denver’ his real name (‘twas Henry John Deutschendorf Jr)! Rather, the coming months (July-August) provide you with better reasons, what with Denver hosting three internationally acclaimed festivals – the not-so-subtle Cherry Creek Arts Festival, the cultural bulwark Evergreen Jazz Festival and the thrillingly unmissable Rocky Mountains Balloon Festival! And for the intrepid Denver traveller, if a visit to the Zoo (no, not the White House) – the fourth most popular zoo in yankeeland – doesn’t rustle the animal instincts within you, one trip to the quintessential cowboy ‘Buffalo’ Bill’s Grave (and Museum) would be enough to smash you back into the heart of the Red-Indian ethos!

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Source : IIPM Editorial, 2007

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

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The ‘Queer’ Commune

IIPM MANAGEMENT INSTITUTE

The capital gets a feel of its not so gay gay world...

Terms & conditions in love & sex are never accepted. ‘If gays & lesbians were to be tagged as criminals, just because their preferences do not fit into the perfect bracket, then even the varying methods of physical self gratification should be banned! My body, my vision, my likes, my love & my way is every individual’s right.” The Nigah Queer Fest held in Delhi between May 25 to June 3, helped gays & lesbians of different nationalities to come out & share their dilemmas & triumphs with an audience, which appreciated & understood their feelings of being ‘specially different’. Kuku, a queer, who was a part of the festival, feels delighted that an initiative of this sort was taken in India & considers it a great step to bring about ‘acceptability’ of queer existence in the world.

Lost & Found – a short black & white comedy focusing on two men, covertly flirting on a crowded bus – & other flicks like Milind Soman Made Me Gay, Coffee Date & Paper Dolls were shown at the festival. Normally deprived of movies that centre on their kind of relationships, these movies were a special treat for people from the gay community. Usually, movies project a sad miserable image of their lifestyle, however, here it was close to the real thing.

“I am a writer & have never faced any problem in my career because of me being gay. It was actually beneficial, but for my partner there have been ups & downs. He has lost 2 jobs. But now he will start something of his own. It’s sad, but...” Kuku trailed off . Kuku is like any one of us in many ways. He too desires a family as he feels parenting is important & hopes to adopt a baby girl in the near future. There are many others like Kuku who would want to do the same, but it’s only a handful of states in the entire world that permit adoption of a child by a couple of the same sex. India is home to millions of street children & orphans who live in absolute squalor & can, if the rules are relaxed, get a home, be parented & educated appropriately. But driven by the inhibitions of the society, the government holds fast to its prudish principles & thus consequently to its vote bank. By turning a blind eye to naked truths, we are killing the right of happiness for many gay people. When we proudly claim to be a democratic & liberal society in every other way, then why not in this aspect as well?

Nikhil (name changed), a queer & one of the organisers of The Nigah Queer Fest, looks at a positive possibility of making India as liberal as Holland. Nikhil says, “Indians are tolerant by nature & so I hope that the society will assimilate & accept the reality.” Nikhil feels that legality is a major issue but changing the mindset of the people is also important. “Unless you have legal change, you cannot proceed with the out-reach work. Issues like insurance, property etc. become questionable if being queer is not legalised. We are constantly harassed by the policemen – they pick up men from streets – & all this has to be changed,” rationalises Nikhil. Is it nature’s wish that we are refusing to acknowledge? Monica, who recited poems on gay love at the festival aptly remarked “I think we need to “de-criminalise”, not “legalise”. It is the process of engaging with the law in trying to get it to change – how the queer movement mobilises itself & articulates its demands for legal change – that really is more important than a change in the legal provision itself, though both are important.”

It’s about time we assimilate the insight on this issue & let this gift of God, even if be of a ‘different’ hue - bloom & blossom just as it should. Our political, rigid, jaded, rusty & confused minds need to let go off unreal ideals & not implement them by force or indulge in taming the gay & lesbians anymore. We live, we will live & till the time there is life on this planet, gays & lesbians should be allowed to live too.

Edit bureau: Megha Jaitly

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Source : IIPM Editorial, 2007

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

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The New Great Game Is Truly On

IIPM PUBLICATION

Back then, we wrote in the Business & Economy that Indian policy-makers are great at announcing a slew of new projects while it is nations like China that walk away with all the honours at the end of the day. We also wrote that energy security will become an issue that will be even more important than global terrorism. For better or for worse, we added that India is simply not exploiting the massive reserves of coal and its equally huge hydro-electric potential to satisfy rapidly growing demand for energy.

Nothing much has changed over the last two years. China continues to steal a march over India and even other countries, when it comes to persuading emerging suppliers of oil and gas to favour the Dragon. The disaster in Iraq shows how the whole Bush gambit was about energy security. And despite endless debates and seminars and talks, India continues to muddle its way through. There is no doubt that oil prices are not going to come down to old levels of $40 a barrel. So India has no choice but to keep looking for the elusive energy security that could determine the future of economic growth.

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Source : IIPM Editorial, 2007

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

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The ‘Zee’ing thing?

IIPM MANAGEMENT INSTITUTE

When queried by B&E about what has brought the zeal back in Zee, Ashish Kaul, Executive VP, Essel Group, attributed it to the change in leadership and mindset. He said that earlier Mr. Chandra was directly looking into the day-to-day operations and it was not humanly possible for one man to look into so many things. With the coming in of Pradeep Guha as CEO and Chandra’s son Puneet Goenka, things have changed. “People dropped their offensive mindset and teams have started working with synergy. Moreover, a centralised marketing and communication approach is being followed. Everything is being reflected in the work,” he had said.

While the group restructured itself internally, on the outer side of it too, Zee went through a restructuring exercise and Zee Telefilms has been hived off into four separate entities. Zee Entertainment Enterprise Ltd. (ZEEL) has the entertainment channels under it. Zee News Ltd. (ZNL) is for the news and regional channels. Wire & Wireless India Ltd. (WWIL) owns the Siti Cable brand, which is the largest MSO in the country and caters to approximately 55 million homes. Dish TV India Ltd. is for its Direct to Home (DTH) service, Dish TV. The exercise was aimed at further unlocking shareholder value and has been widely applauded. Analysts believe that the business portfolio of Chandra was getting too huge for one single company; the restructuring will pave the way to a more focussed approach (every entity now has its own CEO) and also provide greater clarity to shareholders. Moreover, it will take care of the investments, as there are different guidelines, limits & rules for different businesses.

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Source : IIPM Editorial, 2007

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

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Rough patch ahead...

IIPM PUBLICATION

Ever felt pity for the ones with paralysed lower limbs? “Of course!” is obviously what comes as a knee-jerk response from your end… Next on the imagination exercise, think of an automobile – old or new, two or three or fourwheeled – without tyres! Ever thought about it? “What was that?! How can there be one without wheels?!”, would be your fair response. And that would be a fair response. Very fair indeed, just like the tyre industry is fair in bragging about its singularly prodigious contribution to the double digit growth in the auto industry. So the next time you want to question the self-assured tyre manufacturers on why they don’t advertise much, repeat the imagination exercise and you’d question no more!

In a quest to unravel the real truth behind the wheels – an industry which churns out a cyclopean Rs.135 billion annually (1.2 million metric tonnes in production), we set-off on a most scorching hot summer afternoon to Apollo Tyres’ Gurgaon head-office. The most beautifully maintained garden was a refreshing sight and sans the ‘Apollo Tyres’ logo, we’d be befuddled judging the set-up to be anything else but a tyre company’s office! Now the question is - why did we choose Apollo Tyres of all in the industry?

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Source : IIPM Editorial, 2007

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

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Thriving on challenges….

IIPM MANAGEMENT INSTITUTE

While analysts are quite impressed with Reliance’s stellar performance on a consistent basis, they are quite cautiously optimistic about the sustainability of the company’s performance. States Raj Gandhi, “Reliance is undertaking too many projects at the same time. The execution of these projects may become a headache for Reliance in the long term. And with Reliance venturing into myriad businesses, they also give rise to newer challenges. States Anshukant Taneja, Analyst, Standard & Poor’s (which rates RIL as stable with respect to its financial obligations, but susceptible to changing economic conditions), “The ratings remain constrained by RIL’s exposure to highly cyclical industries, large capital commitments in refining & petrochemicals business and uncertainty in developing its reportedly large gas reserves.

Add to that the myriad investment plans in new capital intensive ventures like retail, SEZs (where the company is lining up investments of around Rs.400 billion)and life sciences. Take the instance of retail, where the company has committed investments of Rs.250 billion and is now expanding to other retail formats like consumer durables (Reliance Digital), FMCG, healthcare & apparel. Bijay Sahoo; President & Chief People Officer of Reliance Retail, mentions while speaking exclusively to B&E on how they plan to handle the emerging situation in the sector, “Our plan is to build the supply side of the talent. We have done the need analysis and are working on the development plan; in this country we have a lot of raw talent and we need to transform that talent... the industry has limited availability...”

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Source : IIPM Editorial, 2007

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

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A remarkable turnaround by the behemoths

IIPM PUBLICATION

Overflowing weed, shrubs and an eerie silence greet you as yousaunter across the ruins. Stray cattle walk here and there; moss clings from a cement structure that was once a wash room. Seventy three year old Ram Naresh Jha whispers philosophically, “ Once upon a time; you had the most amazing parties here”. Jha retired as a kind of caretaker many years ago from Heavy Engineering Corporation whose sprawling factory cum campus dominated Ranchi (capital of Jharkhand) till the late 1970s. HEC was one of the temples of modern India that Jawaharlal Nehru hadso eloquently dreamt and talked about. Now, HEC is a ghost town, the factories long since closed, the clubs and sports grounds desolate and crumbling houses of managers and workers testimony of a dream that failed. Across India, you will find many such dead public sector companies; some gone for good and many surviving on life support. Juxtapose this with frequent laments from free market fundamentalists that India’s biggest bane has been the existence and sustenance of public sector units (PSUs) and you might well be tempted to think that the glory days of Indian PSUs are well and truly over.

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

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It’s just fair and lovely!

IIPM MANAGEMENT INSTITUTE

Sumeet Budhraja, Analyst at Edelweiss Securities, explains the strategy behind these investments: “Maximum retail presence means penetrating in newer areas; and for this fiscal year, almost all companies have invested the maximum amount in having a wider presence in both urban and rural markets.” KPMG claims that the rural market accounts for almost 56% of the total FMCG demand in India. Hence, the leader in the segment – ITC – rules the roost with a robust rural presence in 31,000 villages. “Rural presence has always been a key criteria for us...” shared ITC with Planman Media, “But definitely, this year we have strengthened our branded foods business!” And the reason could well be the fact that the Indian food market is expected to reach an electrifying Rs.1.35 trillion by 2015.

Indians clearly seem to be not only wishing to feed themselves well, but also seem intent on beautifying themselves to no ends! Oh well, doesn’t everybody want to do that?!

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

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The Palestinian refugees continue to suffer both at the hands of Israel as well the Lebanese army

On "IIPM - Arindam Chaudhuri - Planman"

Late Rafik Hariri used to say, “In Lebanon, believe nothing of what you are told and only half of what you see!" Well! Never did his words sound truer than it sounds now as the Lebanese army attacks the Fatah al-Islam citadels in Nahr-al-Bared refugee camp (pitched after the Israel-Arab war of 1947, the predominantly Sunni camp houses more than 40,000 Palestinians). The camp is operated by Lebanese groups and is predominantly Sunni at Tripoli in Northern Lebanon. The continuous shelling, on the pretext of 'smoking out terrorists' has had a devastating impact on the Palestinian inhabitants of the refugee camp (more than 20,000 refugees have been forced to leave the camp seek refuge in the neighbouring camp at Bedawi).

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Source : IIPM Editorial, 2007

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

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Racing against time

IIPM going global

Putin’s anti-media campaign is out of tune and can backfire...

Russia’s meteoric rise in the past one decade under the aegis of the charismatic President Vladimir Putin not withstanding, is strangulation of the domestic media vindicates that even though economically Russia is much better off today, the essence of democracy has still a long way to go. At a time when the Russian Union of Journalists (RUJ) are going to host the 2007 World Congress of the International Federation of Journalists, the government’s order to RUJ to vacate space for state-run satellite radio doesn’t augur well for the Russian Society. Russian News Service (RNS) is a typical example of legitimating censorship. The strict RNS instruction is simple, the news to be aired should be more of good news, and there is no need to broadcast bad news. Surprisingly, RNS has also made a blacklist of journalists who are not allowed to broadcast any news. No wonder if the government’s present moves of restricting media policies continue unabated, then it doesn’t portend a rosy picture for the journalists in the coming times, who have always been ambiguous and uncertain over the end of censorship. However, recent incidents of eight journalists’ resignation and the formation of collective protest against this censorship issue has raised a sign of hope for all.

It is strange that one of the most popular presidents of Russia of all the times, and a man known for his strong convictions and iron-hand rule, who single handedly transformed Russia into a modern, rich and influential one, should be so wary about the media. He should realize that every time the world has been against him and his policies, the common Russians have always rallied behind him. But if he forces to gag the media, then it might just backfire.

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Source : IIPM Editorial, 2007

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

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Dell over performs, rings ‘Wall Street’ bell

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The expectations in the Wall Street about the financial results of Dell for the fourth quarter of this year were easily surpassed by the company which churned out revenue of $14.6 billion. Financial analysts had predicted the figures to be $13.95 billion or have per share income touching 26 cents but the company gave much higher returns per share at 34 cents. Dell has attributed the success to higher average selling prices that boosted its top line and that a senior leadership restructuring ‘to enhance accountability’ accounted majorly for its transformation. The company has also decided to globally bring down the headcount by almost 10% (9,000 employees). The last quarter’s performance stood at per share earnings of 33 cents on $14.22 billion revenue.

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Source : IIPM Editorial, 2007

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

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Forest Fires in Canada

IIPM PUBLICATION

A destructive force like a forest fire has a positive ecological role to play as well, as it helps maintain health and diversity of forests. However, rising temperature due to global warming dry up more than just the land. When dry trees and plants rub against each other due to dry winds, they display a process which helped mankind reach this far, ‘starting a fire’ but in this case it translates into a perilous pyre. The high amount of carbon dioxide (CO2) emitted in the atmosphere makes it a vicious cycle, as forest fires become both an outcome and a cause of global warming. As global temperature rises due to deforestation and industrial excesses, like its effect on other destructive natural phenomena, the frequency, intensity and the domain of destruction is amplify ed for forest fires as well.

The Canadian Forest Service (CFS) has developed many advanced systems and tools which would be able to monitor and describe forest fire activities. CFS has had a research team since mid-1920s and Canada is now world’s best in forest fire research and management in a way which would help sustain a healthy forest but spectre of global warming will take some exorcising.

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Source : IIPM Editorial, 2007

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

If you have it, flaunt it

IIPM MANAGEMENT INSTITUTE

‘Carbon’ and fashionable?...Of course!

Paper and plastic money are for the laymen, you cavemen! India Inc. is betting heavily on carbon money. Carbon here refers to credits (one carbon credit is equal to one tonne of CO2) that companies can earn by reducing emissions of greenhouse gases and selling them to those who need it, especially developed countries.

No doubt, emissions reduction can foster sustainable development, create clean technology in a carbon-less economy and produce local benefits among others. But really, carbon credits have signify cant monetary value for India Inc.. Companies like Reliance Energy, Jindal Steel, Gujarat Ambuja, Grasim Cement and a few others have joined the race for earning emission reduction benefits, which has the potential of bringing in annual flows of as much as $300 million into India, and all simply by incorporating technological changes, which will lower carbon emissions and will enable these firms to sell those reduced emissions (read, credits). A report by Tata Energy Research Institute (TERI) states that companies in the power business can tremendously benefit given that power transmission in India comes with a large percentage of transmission & distribution losses, which, if reduced, can automatically qualify for credits. Similarly, fertiliser companies too are suffering notional losses to the tune of 20 to 30 million euros. Firms like Tata Chemicals, Chambal Fertilisers et al have failed to take carbon advantage.

But then, which countries can Indian firms sell these credits to? “India is not amongst the Annexure 1 nations (as per Kyoto Protocol), which means that India is eligible to sell credits to those nations that are in Annexure 1,” remarked TERI’s Dr. P. P. Bhojvaid to B&E. To the chagrin of the US, India, as also China, South Korea and some others, are currently exempted from adherence to Kyoto Protocol’s emission limits! And the ‘fashionable’ philosophy visibly running around is, “If you have it, why not flaunt it?” Of course!

B&E Research: Gynandra Kashyap

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Source : IIPM Editorial, 2007

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

Red + Green = Black or Brown?

IIPM PUBLICATION

Brown’s environmental friendly policies will endear him to the Brits

So what shade does the British Prime Minster-to-be Gordon Brown prefer? He was born brown but reared red (left predilections and Scottish connections made his favourite colour to be Red). The pragmatic Brown (under Blair’s New labour) has come to understand that these days blood red hardly sells. Therefore, Gordon has turned ‘green’ making it his natural choice, especially when ‘green talk’ is expected to top the charts among the public in the 2009 parliamentary elections. Desperately trying to be politically correct Gordon Brown is busy selling the idea of ‘count the carbon as well as the pennies’. According to Brown, if the public were to insulate their homes better and carry out environmental changes in their immediate surroundings, they would be in a position to save £5 a week and in turn help UK to bring down its carbon output by five million tonnes.

Putting the ‘green’ issue at the heart of his battle to win vote banks, Gordon has pledged to build ‘eco-towns’ solving both ecological concerns as well as demands for affordable housing. “Unlike President Bush, Gordon Brown is erudite and intelligent enough to understand the nuances of climate change and its impact on sustainable development. It would be harsh on Brown, if one were to ascribe all his domestic initiatives aimed at improving the climate on political expediency,” said Pervaiz Alam a former BBC World Service senior journalist, while speaking to B&E from London. And it is indeed his understanding of the implications of ignoring the climate change that is driving him in various international meets to harp upon doing something concrete about the renewable energy sources. We only hope Mr. Brown, you will continue to stick to green and not be a chameleon, once ensconced in the PM’s chair.

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Source : IIPM Editorial, 2007

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

Samir Mehta & Vijay Mallya steal the show this fortnight...

IIPM MANAGEMENT INSTITUTE

A trillion dollar economy – that’s what India is now; and although business confidence seems to have dipped this quarter (as per FICCI Business Confidence Index), India Inc. is still going strong. We have Samir Mehta, MD, Torrent Pharmaceuticals and flamboyant entrepreneur Vijay Mallya of UB Group and Kingfisher Airlines, who have completely overawed the global and Indian business circles. The past fortnight bore testimony to both men chasing their dreams. One was a grand success, while the other missed by a whisker. India Inc. derives immense encouragement from such successes, and even the failures keep fighting spirit alive and kicking...

Though Samir Mehta was not successful in his bid to acquire Merck KGaA’s generic business, he still made headlines. When bigwigs like Actavis of Iceland and Ranbaxy pulled out of the race, citing stretched valuations, Mehta of Torrent hung in there till the very end. He made a bold bid of $6.3 billion, which was only cut short by Mylan Laboratories’ $6.7 billion bid. The Torrent fight was backed by three global private equity giants – UKbased Greater Pacific Capital and Tudor Investment Corporation, and US-based Fortress Group. The motivation driving Mehta was – had he been successful, Torrent Pharma would have emerged among the top five global generic players in the world.

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Source : IIPM Editorial, 2007

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

Blackberry’s new platform

IIPM PUBLICATION

Reliance Communications Limited (RCL) is soon going to have Blackberry as one of its handheld devices on offer! With this, Blackberry is going to have a CDMA variant; till now, it was available only with the GSM connections. Currently, only Bharti Airtel and Hutch-Essar offers the wireless e-mail solution facility, so Blackberry sets come with only connections from these two service providers. Look forward to brandishing a Blackberry soon – this time, on a Reliance connection!

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Source : IIPM Editorial, 2007

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

Maya now has the wherewithal to implement policies to ameliorate the condition of Dalits!

IIPM MANAGEMENT INSTITUTE

The ancient Hindu Law book, Manusmriti, prescribes that lower castes are destined to serve the upper castes, thereby prohibiting them from ruling and trading. And over the ages, this upper caste mentality has triggered many social rebellions by the Dalits. While some took to armed struggle to end class discrimination (Naxalism), others like Kanshi Ram & M. G. Ramachandran sought solace through democratic norms. Kanshi Ram’s protégé Mayawati, managing a majority on her own, in the just-concluded UP elections, has proved that democracy is much more effective & safer path for Dalit empowerment than the armed struggle.

Myriad schemes started by various governments for the welfare of the downtrodden since independence have failed to deliver & the Dalits remain as oppressed & poor as ever in most parts of the country. The deprivation in places like Bihar, Jharkhand, Chhattisgarh, Andhra Pradesh etc., has manifested itself in the form of Naxalism – armed struggle against the establishment. But, the Naxalites could never mobilise the backward and downtrodden in West Bengal, Tamil Nadu & Kerala because Dalit movements in these states were strong enough to take care of their aspirations and welfare.

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Source : IIPM Editorial, 2007

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

The Taj of the Eastern Coast!

IIPM PUBLICATION

The Indian Hotel company has acquired its first hotel in San Francisco under the brand Taj Hotels, Resorts and Palaces. The European style Campton Place has been acquired for $110 million. This 110-room hotel is the first for the Taj in the east coast and the third in the US after The Pierre in New York and Taj Boston. Campton boasts of a 98-year old heritage. Originally, it had two buildings dating back to 1909 and 1910. In 1984, the hotel reopened with the two buildings being combined into one. The Taj Group plans to make similar acquisitions in the future, concentrating more on the gateway cities of the States.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2007

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