IIPM

Let’s head to a ‘Spice’y Hot Spot

After selling off his telecom business to Idea and speculations rife on the sale of his mobile business to Sony Ericsson, B. K. Modi is still betting big on mobile retail. surbhi chawla analyses what makes this business worth keeping for the Modi camp?

It couldn’t have been easy for Bhupendra Kumar Modi, the man who brought mobile phones to our country, to exit the telecom sphere, and that too at a time when the sector is growing exponentially.

But even after selling Spice Communications to Idea Cellular, he stands tall and states unabashedly that, “Our Spice brand and the mobile retail chain – Hot Spot would remain with us.” In fact, B. K. Modi is so bullish about the mobile retail venture that big plans are being charted out and an IPO by the end of this year is also on the cards.

With India becoming the second largest telecom market of the world with about 212 million GSM connections (for June 2008 by COAI), and still growing steadily at 18% per annum, there seems to be plenty of scope for the handset market too. The market is pegged at Rs.750-Rs.1000 billion and is growing at a whopping CAGR of 60%. Little wonder that players like The Mobile Store (promoted by Essar & Virgin) Motostore (promoted by Motorola), mbazaar (promoted by Future Group), RPG Cellcom and Subhiksha Mobile have already joined the mobile retail bandwagon....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Labels: BBA AND MBA ADMISSION, BBA INSTITUTE, BEST BBA AND MBA INSTITUTE

Ma, we’re re‘pink’ing our strategy!

US slowdown is affecting employment across the globe, but the financial services sector leads the rest

Steven Tyler never uttered these words! But his group’s song was the rage of the 90s – ‘Pink is my favourite colour’, by the raucous

Aerosmith! And you’ve been of late noticing how your boss has started crooning the song whenever you pass him by. Relax, it’s just a coincidence. Research shows that when bosses want to throw you out, they don’t sing Aerosmith songs :-) More seriously, international experts have been strongly commenting since last quarter that recession would not necessarily affect the skilled employment market that fast, especially in developed countries. Closer home, Dr. Naresh Malhan, MD, Manpower India comments that the impact on new recruitments “would not be imminent... especially when most businesses are plagued by talent shortage.”

On taking a global perspective, B&E realised that irrespective of how many experts we could put on one side of the table, it was the pink slip strategy that coloured every aspect of our finding, on whichever sector we touched. And there’s no better example than the global financial sector, with the sub-prime mistress raking in every penny uttering its name....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Labels: BBA AND MBA ADMISSION, BBA INSTITUTE, BEST BBA AND MBA INSTITUTE, BUSINESS AND ECONOMY

No blitzkrieg this

Barclays must tread carefully

Can the British bull dog dance the Russian ballet? Barclays Bank, Britain’s third largest bank sure seems to think so, as it enters into a strategic move for expansion in emerging markets by buying up

Russia’s Expobank.

Sure enough, it fell flat for its last bidding contest for ABN Amro Holding NV last year (offered $99 billion but lost to Royal Bank of Scotland Group Plc.), but Barclays is not giving up for sure! It has oozed out a whopping $745 million for Expobank, about four times its book value of $186 million, surely a red signal to analysts. Frits Seegers, Chief Executive, Global Retail and Commercial Banking, Barclays, prophesises, “Expobank’s existing relationships and infrastructure create the ideal platform for us to be one of the leading retail and commercial banks in Russia.” Expobank has assets of $1.24 billions with 32 branches in western Russia, and one of the largest networks of ATMs in Moscow. Moreover, Russia’s economic growth at 8.1% last year is much more promising than UK, with a meagre 2.9% growth, not to mention the collapse of the market for credit-related securities....Continue

Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

Read also :-

Labels: BBA INSTITUTE, BEST BBA AND MBA INSTITUTE, BUSINESS AND ECONOMY, MANAGEMENT COURSES IN NEW DELHI AND GURGAON

Threaten or use peaceful means... Choice is yours!

Atruism in human as well as world affairs is that if you threaten people, they will defend themselves. If you reach

out in good faith, people are likely to reach back.

A case in point is the long tortuous relations between the US and North Korea. One of many illustrations was when, in 2002, President Bush named North Korea a charter member of the “axis of evil.” North Korea was developing plutonium bombs and represented an imminent threat, according to the US intelligence. The charges in fact instigated the very threats that Washington had warned against. North Korea, unlike Iraq, could already defend itself – with massed artillery aimed at Seoul, South Korea and at US troops. The stakes rose as North Korea began amassing its nuclear arsenal.

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Source:- IIPM Editorial, 2006

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

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