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Source : IIPM Editorial, 2007
An IIPM and Malay Chaudhuri – Arindam Chaudhuri Initiative
IIPM bringing out the best selling magazine 4Ps Business & Marketing- which has the punch line i.e. Business is Marketing.
Indian and given a chance can change the path of any tempest, will save the country and make it prosper,” sounds like the words of a politician. Well, guessed it wrong! It’s a slogan coined by the dreaded don – Abu Salem – who seems geared up to contest the coming assembly elections in UP. Currently lodged in a Mumbai jail for his alleged involvements in the 1993 Mumbai blast, over 20,000 posters of white-kurta clad Salem are pasted all over his hometown, Azamgarh. Posing as a follower of Gandhian principles, Salem has been able to win a few followers who unintelligibly garble up that he is fighting elections from his own place and till now the case against him has not been proved.
most clichéd saying in the education sector is, ‘It’s better to have no knowledge than half the knowledge’. In their obstinate attempt to prove the above statement right... or wrong (take your pick, both choices seem as banal), the IIMs at Ahmedabad, Calcutta & Indore have shoved it upon themselves to offer management programmes priced between Rs.54,000 and Rs.1,94,000 from October 2006, to working executives using computer-based distance learning modules through NIIT Imperia, a joint alliance with NIIT Ltd. And in their frenetic impatience to reach the market, six Centres of Advanced Learning have already been opened at Mumbai, Delhi, Chennai, Bangalore, Hyderabad and Kolkata somehow. Not surprisingly, this “proactive” IIM move to spread education has been much criticized by various educationists & analysts on clearly visible anomalies.
in the counseling business is set to get hotter, as banks too are planning to a make a foray into it. Well, the business is not of career or management counselling (as one may think of), rather it is quite unusual, unheard yet – credit counselling – that will help people in making fiscal assessment of their own and guide them accordingly to raise money from the bank. Taking a pro-active approach, Bank of India, the country’s sixth largest bank in terms of assets, has decided to set up counseling centres to assist the bank in reducing the instances of NPAs. The counsellors will caution customers from getting over leveraged. Although Y. V. Reddy, Governor RBI, has also appreciated the concept, “Credit counselling offers solution to current financial problems and creates awareness about the costs of misusing of credit,” there are lot of issues that still need to be tackled.
l international engagements, the one between US President George W. Bush and his Pakistan counterpart Pervez Musharraf is the most entertaining. There is barely a dull day and they can run through a range of emotions from a bear-hug to betrayal in the matter of hours. Over the past few days, they’ve done just that. Consider this exchange after their September summit in the US. First, Bush: “When the President (Mush) looks at me in the eye and says the tribal deal is intended to reject the Talibanisation of the people and that there won’t be a Taliban and there won’t be alQaeda, I believe him.” Then, Mush: “I trust President Bush and I have total confidence in him that he desires well for Pakistan and for our region. And I trust him also that he’s trying to do his best to bring peace to the world. And I trust him also that he’s trying to resolve the core issue of the Palestinian dispute.” Finally, Bush: “This is a person with whom I’ve now had a close working relationship for five-and-a-half years. And when he says, if we find – when we find – Osama bin Laden, he will be brought to justice, I believe him.”
Fertilizers Ltd (RCF), a leading PSU with an ISO14001 certification, is not only amongst the top producers of fertilizers in India (with brands like Ujjwala Urea, Microla and Biola), but is also known for pioneering the manufacturing of basic industrial chemicals. RCF churns out 2.4 million tonnes of fertilizers annually (at a capacity utilisation of 88%) at its Trombay and Thal facilities in Maharashtra.
R&D, as well as the development of new drug molecules, has not been a paramount directive for the industry. Generics have formed the backbone, and the country has excelled at that, leaving patented original developments outside its purview. Providing cheaper and good quality derivatives to the masses in India and other third world countries, today there are about 20,000 registered manufacturers across the country manufacturing medicines worth $300 billion. Liberalisation of the economy has further helped the industry, as now duties on expensive imported equipment vital for manufacturing have come down considerably. The country is home to corporations like Ranbaxy, Cipla, Wockhardt and Dr. Reddy’s Labs, which have established themselves as trusted multinationals with operations spreading magnanimously to the European & American continents.
eferred to as being charismatic and an expert at whatever she does. She pursued a course in journalism at the University of California working along side as a part-time reporter. Her skill for handling people got her recognised and eventually paved way for her successive promotions at Wells Fargo Investment Advisers. Plagued by breast cancer, she stepped down as the CEO of Barclays Global Investors. Yes, we are talking about none other than Patricia Dunn, who came to be associated with HP in 1998 as a board member and soon rose to the post of the Executive Chairman. But January 2007 will see Dunn stepping out, only to be succeeded by the current CEO Mark Hurd. This down turn in her career comes in the wake of a scandal where the board members were spied on to find out who was responsible for disclosing information from board meetings to the press. And all this is known to have taken place with Dunn’s approval. It was revealed that, a firm hired by HP resorted to pretexting (lying about one’s identity) to get their hands on the personal phone records of nine journalists, directors and employees of HP. Pretexting is actually unlawful in California. There are also chances that Dunn may be tried by the law.