Wednesday, May 16, 2007

A bird’s eye view of the Group


IIPM PUBLICATION

But then the roof suddenly fell. The steel business, that looked a solid bet till the mid 1990s, when the Ruias gambled billions on a new project, suddenly went into a tailspin. Far from generating profits like the much anticipated cash cow, the steel business virtually bled the Group dry. The cyclical downturn in the steel industry during the late 1990s and the early years of this century was one of the key reasons for the Essar Group reaching a stage of financial collapse and bankruptcy. By the late 1990s, the Group was already gasping for cash and was forced to sell a substantial stake in the mobile telephone business to Hutchison of Hong Kong. Of course, analysts now praise the Ruias for the guts and farsightedness in clinging on to about 33% of the stake in the mobile phone business even when the Group was in dire financial straits and the temptation to cash was strong.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

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

Friday, May 11, 2007

Of kings & stars...


IIPM MANAGEMENT INSTITUTE

With the Federation of Hotel & Restaurant Association of India (FHRAI) envisaging a whopping 35% growth aided by a mind boggling investment of Rs.1.6 billion during 2007 in the restaurant sector, QSR players have all reasons to park their money on the fast growing fast food eaters. States Ron Somers, President, US India Business Council, while speaking to B&E, “The fast food joints or quick service restaurant sector has a very strong market in India as compared to other nations in Asia.” Adds Nigel Travis, CEO, Papa John’s International, “Among the Asian countries, India has the highest growth rate in pizza market and the overall QSR segment will also grow very well.” So, it’s no surprise that the gastronomical economy of India is propelling behemoths like Starbucks & Burger King to make a grand entry.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

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

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Wednesday, May 09, 2007

Nanotechnology can be a big bet


IIPM PUBLICATION

Size does matter. Challenging this statement is the brilliant field of Nanotechnology – which is providing scientists with the ability to control matter right from the molecular or atomic level. It can wondrously track down deadly diseases like cancer as well as perform complex cell repairing by creating nanorobots.

Although behind the scenes for a long time, nanotechnology is suddenly in the limelight with attention from the government & scientists in India. In a recent conference “Fostering Innovation in Nanotechnology between EU & India” in March 2007, related issues were taken up and the government has decided to invest Rs.10 billion over the next five years to engineer an indigenous industry.

“Nanoscience is a vast ocean consisting of various focal areas. We have to find out strategic areas wherein our strengths lie and then figure out how nanotechnology can be used in those fields.” says Dr. Tata Narasinga Rao from International Advanced Research Centre for Powder Metallurgy & New Materials.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007

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

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Tuesday, May 01, 2007

Illuminated Handbag 13,056 INR


IIPM MANAGEMENT INSTITUTE

If you thought it's a jellyfish, look closely. This supposedly very cool... er... hot bag is lit by LEDs (Light Emiting Diodes) and a tiny battery inside or direct current, if you please. It comes in various colours – Red, Blue, Black and Green and is supported through a “light emitting fabric.” Apparently, it can be very “elegant”, and will help you make a a spectacular entrance (read
a spectacle). If you've got it, fl ash it! ;-)

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2007


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