IIPM :: Placements

Hitler lives...

2006-12-12T10:37:00.000-08:00

‘Right’ extremism ascending
“My principles are not going to die with three bullets (mere vichar teen goliyon se nahi marne wale)”. These were the prophetic words of Mahatma Gandhi in the recent Bollywood Blockbuster ‘Lage Raho Munnabhai’. But probably these words would have been equally appropriate had they come from Gandhiji’s biggest antithesis Adolf Hitler. At least the recent upsurge in far right extremism and ultra nationalism especially in West and Central Europe would seem to support this fact. Those think tanks of Europe who never leave a stone unturned to criticise South Asia, West Asia, Sino-Taiwan relations & the whole of Africa for all the global turmoil should see the way far right extremism is gaining popularity there. It supposedly started with the ascent of the Austrian Freedom Party led by Jorg Haider, which got 27% of the vote in 1999 in the Austrian parliamentary elections, a country where according to Euro barometer, 37% were ‘not sure’ about ever shaking hands with Jews and 50% of the population alleged that Jews were to be blamed for what happened to them. Same is the story in other countries like Belgium, France, Britain, Denmark, Hungary & Germany where the far-right parties are increasingly gaining popularity.

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Source: IIPM, 4Ps, B&E

Hezbollah has gained popular support by providing social services to the poor...

2006-09-18T17:27:00.000-07:00

The most meaningful support for Palestinians is from Hezbollah, which was formed in reaction to the 1982 invasion. Hezbollah won considerable prestige by leading the effort to force Israel to withdraw from Lebanon in 2000. Also, like other Islamic movements, including Hamas, Hezbollah has gained popular support by providing social services to the poor. To US and Israeli planners, it therefore follows that Hezbollah must be severely weakened or destroyed – just as the PLO had to be evicted from Lebanon in 1982. But Hezbollah is so deeply embedded within Lebanese society that it cannot really be eradicated without destroying much of Lebanon as well – hence the scale of the attack on the country’s population and infrastructure. In keeping with a very familiar pattern, the aggression is sharply increasing the support for the Hezbollah, not only in the Arab and Muslim worlds beyond, but also in Lebanon itself. Late last month, polls have revealed alarmingly that around 87% of the Lebanese support Hezbollah’s resistance against the invasion, including 80% of Christians and Druze.

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Editor: Arindam Chaudhuri; Source: IIPM Publication

Bajaj Auto Ltd. (IIPM: 4Ps Publication)

2006-09-01T11:29:00.000-07:00

Though Bajaj was never new when it came to motorcycles, it could never really match up with numero uno Hero Honda. Right at the moment when the biking scene in India was taking shape, Bajaj came out with the KB100 RTZ and the four stroke 4S Champion, but could not play a conclusive inning as competition in the form of Hero Honda’s Splendor and Yamaha RX100 was just too hot to handle. Bajaj realized that in order to break the shackles of its scooter making image, the company will have to do some thing radically different. And radical it did! Bajaj, a company that was ubiquitously & globally known for its scooters, decided to discontinue manufacturing almost all of its scooter brands. But most importantly, it transformed itself into a niche segment leader, beating Hero Honda at its own game. Even though the executive segment is led by Hero Honda, the 150 cc plus premium segment became the domain of Bajaj. With the launch of Pulsar, Bajaj entrenched itself considerably well in the Indian bike market with sales touching almost 700,000 units annually. Hero Honda, despite launching the brilliant 223 cc Karizma, has still not been able to match Bajaj’s indigenously designed & produced Pulsar.

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Editor: Arindam Chaudhuri

Source: IIPM Publication

To the East of Timor lies oil, Aussi oil :: IIPM Publication

2006-07-18T22:55:00.000-07:00

Australians’ forceful criticism of Alkatiri has smelly undercurrents

With the swearing in of Jose Ramos Horta, the Nobel laureate, as the Prime Minister, the chaos brewing in the microscopic state of East Timor seems to be over at least for now. However, significant questions related to the role of backers of the violence have remained unanswered. The trouble began in March, when the former Prime Minister Mari Alkatiri dismissed 600 soldiers of the East Timorese army who went on a strike complaining of discrimination. In the ensuing events, rioting erupted in Dili, which was followed by clashes between the pro-government (F-FDTL-East Timor Defence Forces) and rebel groups. The aftermath: scores dead and thousands homeless. Even after international forces under Australia joined in to quell the violence, the semblance of normalcy seemed to get restored only after the democratically elected Alkatiri was forced to resign. But the question remains, why is Australia so interested in “saving” East Timor; and criticising the former Alkatiri government? Pertinent pointers related to the strategic importance of the ‘half island’ nation need to be explored. With a per capita income of $400 (ranked the 192nd nation – or the last), Timor Leste is positioned at the 140th place in Human Development Index. More importantly to Australia is the Timor Gap Treaty of 1989, signed by Indonesia and Australia, which defined East Timor’s maritime boundaries; but unbelievably also defined the sharing of specific East Timorese resources between these two countries at 50-50. But the newly independent East Timorese government not only repudiated the treaty as illegal, but approved in 2002 a petroleum fund (that included the largest Great Sunrise Gas Field supplying natural gas to Australia) that awarded 90% revenue to East Timor and only a measly 10% rest to Australia. The temerity of this step seems to have been repaid to Alkatiri. So would Australia now forcefully and undemocratically revalidate the previous Treaty? Well, Alkatiri’s exit should bear some fruit, eh!

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

IIPM Publication: The Company’s Organic-Growth

2006-06-21T22:58:00.000-07:00

Que: What was the rationale for the acquisitions you began making in the year 2003? How do they fit into the company’s organic-growth objective?

Ans: We did a lot of heavy lifting in our portfolio because we didn’t have enough juice. We saw where we needed to go, and we wouldn’t get there with our existing businesses. Therefore, we bought homeland security, biotech and water businesses that would give us a stronger foundation for innovation. Around the same time, we started on the sales force and named Beth Comstock CMO to raise our game in marketing. By the end of 2003, we pulled together the best sales and marketing people in the company and formed the Commercial Council, which I chair. That turned out to be a big deal. The council was designed to share best practices and plan growth programs, but more fundamentally, it began to develop this idea of growth as a process.

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Source: Business& Economy, IIPM , Editor: Arindam Chaudhuri

Wipro switching sockets mid-way (IIPM Publication)

2006-05-22T02:59:00.000-07:00

The consumer care and lighting division of Wipro Limited, India’s leading information technology services provider, has acquired North-West Switches business in an allcash deal from the North- West Switchgear Limited. Wipro Consumer Care and Lighting (WCCL) has paid upfront a consideration of Rs.1.02 billion for the deal. As a part of the deal, Wipro also entered into a manufacturing agreement with them, for a period spanning five years. This acquisition is a significant milestone in Wipro’s expansion plans in the electrical product segments, as North-West Switchgear is one of the pioneers in the Indian modular switch market. WCCL reported revenues of Rs.6 million in FY 2005-06, a growth of 27%.

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Source: Publication, IIPM

IRDA Bill in December 1999 (IIPM Publication)

2006-05-09T03:19:00.000-07:00

However, soon after that, it was brought under the nationalization banner. Today, it has traced its way back to a liberalised market. With the passage of time, a lot of reforms have merrily loitered into the insurance business, much to the dismay of the ill-factors in society who had delved into making quick money by exploiting less informed and gullible Indians. The Malhotra Committee, led by former Finance Secretary and RBI Governor RN Malhotra, submitted their highly effective recommendations in 1994, and the sector was further regularised by the passage of the Insurance Regulatory and Development Authority (IRDA) Bill in December 1999. According to the research findings, the most reliable company in the life insurance segment was TATA AIG.

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Source: IIPM Publication

“Mahdi militia” fought American troops in 2004 (IIPM Business Editorial)

2006-03-31T22:37:00.000-08:00

One Shia leader, Moqtada Sadr, also vehemently opposes federalism. His followers are the largely illiterate, poorest, and most violent Shias of the slums of Baghdad and beyond, whose “Mahdi militia” fought American troops in 2004, even while the Americans were protecting Shias from Sunni attackers.

Source: IIPM - Business & Economy

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Copyright 2006, IIPM

IIPM Business&Economy Article - Arvind Mills

2006-03-24T23:57:00.000-08:00

Definitely yes!” thunders Arvind Lalbhai, the chairman of Arvind Mills Ltd, as a response to such an affronting question. ‘Definitely yes?’ Of course. But isn’t it oft quoted that the proof of the pudding is in the eating; and if hackneyed clichés are what one is promoting, there’s always the much loved slip between the cup and the world famous lip. ‘Definitely yes?’ If there is something definite Sir, one truly believes that that is the opportunity that seems to be there for the taking. And what about Arvind Mills? The jury is out on that, and would read on, for sure...

Source: IIPM - Business & Economy

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Musicians – All within Malawi (IIPM Economy Editorial)

2006-03-22T01:32:00.000-08:00

Echoing July’s Live 8 concert, two vastly varied worlds band together again for the cause of Africa’s poor. Addressing the epidemic of AIDS in Malawi, with 40 percent of its populace infected, the show’s proceeds will go towards aiding the AIDS orphans through the ‘Children in the Wilderness Foundation’. Reverberating philanthropic vibes, uniting cultures, foreigners,
musicians – all within Malawi, the warm heart of Africa – fabricate the vibrant frames of this unique music festival’s kaleidoscope.

Source: IIPM - Business & Economy

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