You know what really had me terrified on Nov. 7?

Here’s the background: Florida’s 13th Congressional District is currently represented by Katherine Harris, who as Florida’s secretary of state during the 2000 recount famously acted as a partisan Republican rather than a fair referee. This year, Harris didn’t run for re-election, making an unsuccessful bid for the Senate instead. But according to the official vote count, Republicans held on to her seat, with Vern Buchanan, the GOP candidate, narrowly defeating Christine Jennings, the Democrat.

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An IIPM And Management Guru Prof. Arindam Chaudhuri’s Initiative

Bhartis are on an expansion spree

Realising the vast potential of the telecom sector long before any of his counterparts did, he sold mobile connections to the well-heeled, when the price of a handset was around Rs.40,000 (nearly the cost of a second hand Fiat or a Maruti car) and calls used to cost a whopping Rs.16 per minute. And today, when India is adding millions of mobile connections every month, his company Airtel has become a household name.

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For him, freedom meant economic development

While others were fighting for India’s political independence, Jamshetji was negotiating for fair policies from the same stubborn, muleheaded British Raj to secure India’s economic & industrial future. Jamshetji identified three key areas for India – steel, electricity & scientific research. He did not live to see this vision bear fruition, but managed to lay the foundations of three large organisations – Tata Steel (formerly Tata Iron & Steel Company), The Indian Institute of Science and The Tata Power Company Limited. He also started the Taj Mahal Hotel in Mumbai with Rs.42.1 million. The hotel was a gift to his countrymen as fellow Indians were not allowed to enter the Watson hotel in Mumbai during the British rule.

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You need to master the art of knowing what is it that attracts the audience and reach out to them

If products need images to sell, then politicians need personalities to sell themselves. It all comes down to this basic fact, and Gallop surveys are a proof of the fact that time and again, in a Presidential race, it’s the personality factor that has played a critical role in deciding who would be the winning candidate. You need to master the art of knowing what is it that attracts the audience and reach out to them. A research has revealed that most of the people have no clue and no understanding of the candidate’s stand on issues. Most of them don’t understand the Presidential debates. It was said that people who voted for John Kerry in the 2004 elections believed in his health program and people who voted for Bush were concerned about the terror and national security and values.

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Essar Power Ltd.

Essar Power Ltd. was swinging much news in the month of July in 2006 for its proposed power plant in Madhya Pradesh. It has invested Rs. 40 billion to setup a 1,000 MW power plant, while Hindalco has invested Rs. 24 billion for a 750 MW power plant in the same region. A joint venture (50:50) of Hindalco and Essar is to start work in December this year on a new coal mine development project.

In addition, the Group has a shipping fleet of 27 vessels, which includes bulk carriers, tankers and VLCC (very large crude carriers).

So, the next time you think about an ‘infrastructure conglomerate’, it should not be too difficult to visualise this one not just being there, but rocking at the forefront.

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St. Petersburg

East is east and west is west and never the twain shall meet. And yet, as I cast my eye over St. Petersburg, with its architectural style (that the makers long deliberated over) and the metronomic symmetry of it all, it seems to me as if it is worlds apart from Russia and yet somehow intricately intimate with the Russian world. Springing from the fountainhead of inspiration of Tsar Peter the Great (whose reign lasted from 672 to 1725), the city was borne of the desire to usher Russia into the waiting arms of Europe and, as a consequence of that, into the consciousness of the world. “Dah, Peter (that’s what the locals call it) is one of the most unique cities of the world”, was the effusive insight from Gennadi, my comrade in arms and source of opinion on two feet. Opinionated or not, even Gennadi would agree that the Tsar was nothing if not farsighted and this vision of his was to prove the making of St. Petersburg in more ways than one.

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The mixed blend of history and modernity are inseparable and mesmerising

The mixed blend of history and modernity are inseparable and mesmerising. No wonder, with a plethora of glorious landscapes, dramatic mosques and castles, the country attracts many a globe trotters. Not only this, Turkey over the years, has been an epitome of liberal democracy and such an achievement, especially from a Muslim country, has left many a perceiver in awe. The latest being the US President George W. Bush, who hails it as a model for the Middle East countries to emulate. No doubt, with one of its foot in Europe and the other in oil-rich Middle East, the country gets to have the cake and its share too.

The major business centres of Turkey are Istanbul (the capital city), Izmir and Adana. Bouncing back successfully from the recession of FY 2000-01, Turks have proven to the world that they are no less. And now, the mission is to join the EU.

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Living on the edge...

Can you afford to feel smug and claim that your house is safe when the entire neighbourhood around you is going up in flames? Many Indian policy makers seem to nurture such illusions. Talk of Bangladesh, Sri Lanka, Nepal and Pakistan, all in serious danger of being ‘failed states’, and you hear chest thumping noises about the mature Indian democracy and the magical 8% GDP growth rates. There is almost a childish & voyeuristic sense of glee in watching neighbours struggle as India marches ahead as a rising power of the 21st century.

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BUILD ON FAMILIARITY WITH RESOURCE MARKETS

Some emerging-market companies have gained competitive advantage by exploiting their knowledge about local factors of production – the markets for talent and capital – thereby, serving customers both at home and abroad in a cost-effective manner.

Consider Indian information technology majors such as Tata Consultancy Services, Infosys Technologies, Wipro & Satyam Computer Services, all of which have excelled in recent years at catering to the global demand for soft ware and services. This is partly because India’s education system produces many engineers and technical graduates; local companies hire these people at salaries much lower than those that engineers in developed markets earn.

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Indian pharma players

Indian pharma companies have one critical opportunity they can tap – that of research outsourcing. States Sanjay Aggarwal, Pharmaceutical Sector Leader, KPMG India, “Most (Indian pharma players) will be unable to develop the financial muscle necessary to embark on R&D for innovative new products, but their scientific, technical & manufacturing skills perfectly match the requirements of global drug manufacturers that are increasingly seeking to off shore many research and manufacturing activities.” An instance is the recent Ranbaxy-GSK tie-up for drug research. By leveraging on their low-cost base, Indian companies can overcome constraints of high R&D spends. Just think about it, Ranbaxy & Pfi zer could actually combine to create a new ‘Lipitor’...

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Deeper truths about global energy

Not only were Cheney’s facts wrong, but his logic too was hollow. Dictators like Saddam make their living by selling their oil and not by preserving it! In any event, the war in Iraq will not protect the world’s energy supplies in fifty years and will only pose a threat to those very supplies by stoking the very radicalism it fights against. ‘Genuine energy security’ will not be attained by invasion and occupancy of the Middle East, or by attempting to impose pliant governments in the region, but through cognizance of deeper truths about global energy.

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The Indian government has not established a single department on road safety

Dr. Mohan suggests that in order to tackle the traffic and road safety problems, the government first needs to set up a department on road safety at the national level. “Till date, the government has not established a single department on road safety. There is not a single job for road safety specialists in India,” argues Dr. Mohan.

Professor Geetam Tiwari of Transport Research and Injury Prevention Programme, IIT Delhi, in her research paper ‘Towards A Sustainable Urban Transport System’ has already highlights the need to segregate the pedestrians from motorized and non-motorised modes of transport for safe and convenient transportation. “If infrastructure design does not meet the requirements of these three, all modes of transport operate in sub-optimal conditions. It is possible to redesign existing roads to provide a safe and convenient environment for non-motorised modes of transport. This also results in the improved efficiency of public transport vehicles and an enhanced capacity of the transport corridor when measured in number of passengers per hour per lane,” highlights Tiwari.

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A company must wisely allocate its resources to maximise efficiency

Adi Godrej, Chairman of Godrej Group, sums it up thus “The Godrej group was attracted to EVA because it is a well-designed compensation system that rewards employees while taking care of the interests of shareholders.” Not surprisingly, both Godrej Industries and GCPL are amongst the top 20 companies in terms of dividend yield. GCPL declared an aggregate dividend of Rs.14 per share (350% on the shares with a face value of Rs.4 each) during the financial year 2005-06. In the year 2006, ICSA (India) managed to have a stupendous RoA of 1.5 as against 0.58 in the last year. The company is into building infrastructure in the power sector. Other companies in the top 10 list include HLL, Hero Honda, Tulip IT and Sesa Goa.

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Market cap of ONGC

Market cap of ONGC has grown by leaps and bounds over the past three financial years, from Rs.1.19 trillion on March 31, 2004, to Rs.1.86 trillion on March 31, 2006, of which Rs.608 billion was added in FY 2005-06 itself. Its mega public offer (also India’s biggest ever equity offer) of a whopping Rs.100 billion was over subscribed by 588% in the year 2004. Not only that, according to various analyst reports, ONGC has been recognised as a company that has created the maximum wealth during the past seven years. Of course, the company is also ranked 402 in the Fortune Global 500 companies list for the year 2005.

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As Hindustani as British are!

“Old habits die hard” is a cliché truly pertinent when we describe this colossal corporate mammoth. Hindustan Lever Limited (HLL), India’s largest FMCG company, has never failed to surprise even after winning criticisms. After announcing its depleted annual sales revenues of Rs.108.88 billion (which fell by 1.9%) and reduced net profits of Rs.11.99 billion (which fell by 33.53%) in 2004, it dramatically bounced back to report a double digit rise (10%) in annual sales revenues, which rose to Rs.119.76 billion and a truly commendable 12.94% rise in net profits for the year2005. Hindustan Lever Ltd., with its anglo-Dutch lineage (of Unilever), in fact, is as more or less Hindustani as a European company can ever be.

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Hero Honda:- Mobike pe Mobile offer’

BRAND : Hero Honda
HEADLINE : Now buy a Hero Honda and get connected.
BASELINE : ‘Mobike pe Mobile offer’
AGENCY : JWT

4Ps TAKE : Co-branding is the essence of this ad that says you can now buy a Hero Honda Splendor and ‘get connected’. In the visual, a relaxed-looking guy speaks on his cell phone, standing against his Splendor. Extremely functional, the ad talks about the “combination benefits” — ‘Mobike pe Mobile offer’ — one can get from riding the Splendor. Buyers can now get a Motorola C117 handset along with an Airtel prepaid connection — and even a chance to go for the ICC Champions Trophy. It’s a case of buy one, get lots free!

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Second 2: Honda Motorcycles & Scooters India

Let’s be frank on this. There is no company that can challenge Honda on the technology front. But HMSI has just two offerings in the bike segment – in the form of Honda Unicorn and Shine – making it an insignificant player amidst the strong competition. HMSI can surely be credited for taking the ungeared scooter segment to newer heights with its iconic Honda Activa. But a lot of homework still needs to be done in the motorcycle segment, which awaits some ground-breaking products from this technology maestro. Till then, this company’s strategy seems just like a spare tyre in the back...

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Watch out, this Gherkin’s for sale!

The Swiss Re Tower – or ‘Gherkin’ as it is popularly called because of its cylindrical shape and green tinge (like the vegetable!) – in the financial district of London is up for sale. The 40-storey building now has a price tag of $1.1 billion (euro 891 million), it was reported in the Financial Times. FT also reported that the owner of the building, the insurance group Swiss Re, has appointed agents to help with the sale; a number of offers have already poured in – and these include bids by Prudential, the Abu Dhabi royal family and ING. ‘Gherkin’ was designed by British architect Norman Foster and is one of the most recognizable buildings on the London skyline.

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Kiwi Liquid Wax Polish ad

Similarly, the Kiwi Liquid Wax Polish ad showed a squeamy and clearly unlikable liquid (polish) dripping from a bottle marked X, while no such liquid dripped from the Kiwi bottle (what else!). The shape of the bottle X left no doubt that it was Cherry Blossom. Amusingly, even the government body MRTP agreed so – and the ad was ruled a case of disparagement. Subsequently, Kiwi was asked to discontinue the same. But poor Colgate, its cup full of woes continued from another front.

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The fight for consolidation gets fierce

UWB, which is a Maharashtra- based bank, is currently in the grips of a financial turmoil: a negative capital to risk weighted assets ratio and Non- Performing Assets ( N P A s ) higher than its net worth. But then, when we consider UWB’s presence in nine states with a network of 230 branches, it becomes a very attractive target for other banks who want to increase their presence and reach in the Indian market.

The bank also has a deposit base and outstanding loans worth Rs 64.8 billion and Rs 40.06 billion respectively. The bank that wins UWB will not only increase its reach in the western parts of India, but also will get access to low cost funds from smaller towns.

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